XML 40 R6.htm IDEA: XBRL DOCUMENT v3.24.1
Statements of Cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net loss for the year $ (24,221) $ (27,646) $ (12,478)
Adjustments for operating activities:      
Depreciation 67 58 34
Share-based compensation 1,491 3,211 2,019
Change in other receivables and prepaid expenses 903 (64) (2,058)
Change in trade payables (1,172) 352 1,175
Change in accrued expenses 45 2,823 (1,279)
Change in employees and related expenses (737) 907 215
Change in operating leases 13 (11) (2)
Net cash used in operating activities (23,611) (20,370) (12,374)
Cash flows from investing activities      
Investment in deposits 15,882 19,601 (45,951)
Long-term lease deposit 0 0 4
Sale of asset held for sale 0 0 1,000
Purchase of property and equipment (3) (68) (239)
Net cash provided by (used in) investing activities 15,879 19,533 (45,186)
Cash flows from financing activities      
Cash acquired in Merger 0 0 2,427
Exercise of options 0 143 10
Purchase of treasury share 0 (1,218) 0
Sale of treasury share 580 0 0
Issuance of shares net of issuance costs 2,924 267 58,637
Net cash provided by (used in) financing activities 3,504 (808) 61,074
Change in cash, cash equivalents and restricted cash (4,228) (1,645) 3,514
Cash, cash equivalents and restricted cash at beginning of the year 13,596 15,241 11,727
Cash, cash equivalents and restricted cash at end of the year 9,368 13,596 15,241
A. Cash paid and received during the year for:      
Income taxes received 187 351 0
Interest received 1,463 972 74
B. Significant non- cash transaction:      
Right-of-use asset recognized with corresponding lease liability 392 17 345
Liabilities assumed, net of non-cash assets received in Merger $ 0 $ 0 $ 49