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Statements of Cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net loss for the year $ (27,646) $ (12,478)
Adjustments for operating activities:    
Depreciation 58 34
Share-based compensation 3,211 2,019
Change in other receivables and prepaid expenses (64) (2,058)
Change in trade payables 352 1,175
Change in accrued expenses 2,823 (1,279)
Change in employees and related expenses 907 215
Change in operating leases (11) (2)
Net cash used in operating activities (20,370) (12,374)
Cash flows from investing activities    
Investment in deposits 19,601 (45,951)
Long-term lease deposit 0 4
Sale of asset held for sale 0 1,000
Purchase of property and equipment (68) (239)
Net cash provided by (used in) investing activities 19,533 (45,186)
Cash flows from financing activities    
Cash acquired in Merger 0 2,427
Exercise of options 143 10
Treasury share at cost (1,218) 0
Issuance of shares and warrants, net of issuance costs 267 58,637
Net cash provided by (used in) financing activities (808) 61,074
Change in cash, cash equivalents and restricted cash (1,645) 3,514
Cash, cash equivalents and restricted cash at beginning of the year 15,241 11,727
Cash, cash equivalents and restricted cash at end of the year 13,596 15,241
A. Cash paid and received during the year for:    
Income taxes received 351 0
Income taxes paid (5) 0
Interest received 972 74
B. Significant non- cash transaction:    
Right-of-use asset recognized with corresponding lease liability 17 345
Liabilities assumed, net of non-cash assets received in Merger $ 0 $ 49