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Condensed Statements of Cash Flows - ILS (₪)
₪ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flow from operating activity      
Comprehensive loss for the period ₪ (16,119) ₪ (16,284) ₪ (34,938)
Adjustments required to present cash flows from operating activities (Appendix A) 751 (31) 532
Net cash used in operating activities (15,368) (16,315) (34,406)
Cash flows from investment activity      
Change in restricted as to withdrawal (5) (5)
Purchase of property and equipment (7) (10) (79)
Net cash used in investment activity (7) (15) (84)
Cash flows from financing activity      
Proceeds received from issuance of ADSs resulted from partial exercise of Commitment Amount under equity line 15,165 6,307 16,277
Net proceeds received from issuance of third and fourth promissory note 10,532
Repayment of government grants (144)
Net proceeds received from issuance of ADSs and warrants as part of shelf prospectus through public offering transaction 4,900 4,222 4,222
Repayment of principal in respect of leasing liability (235) (117) (352)
Exercise of restricted share units into ordinary shares [1]
Net cash provided by financing activity 19,830 10,412 30,535
Change in balance of cash and cash equivalents 4,455 (5,918) (3,955)
Exchange differences on cash and cash equivalents (1,760) 108 141
Balance of cash and cash equivalents, beginning of period 13,298 17,112 17,112
Balance of cash and cash equivalents, end of period 15,993 11,302 13,298
Income and expenses not involving cash flows      
Depreciation 44 47 98
Amortization of right for use asset 190 129 320
Interest expenses in respect of leasing 37 50 95
Share-based payment to employees and service providers 255 388 598
Revaluation of derivative warrant liability and related expenses (3,122) (217) (274)
Recognition of discount, interest and exchange differences expenses related to Promissory Note 386 494 1,246
Finance expenses incurred from partial exercise of Commitment Amount under equity line 100 696 1,318
Exchange differences on cash and cash equivalent and restricted deposits 1,760 (108) (141)
Changes in liability in respect of government grants 90 123 (224)
Income and expenses not involving cash flows total (260) 1,602 3,036
Changes in asset and liability items      
Decrease (increase) in other current assets 924 262 (177)
Increase in trade receivables (38) (56) (320)
Decrease (increase) in inventory 873 (1,226) (479)
Decrease in trade payables (355) (608) (2,477)
Increase (decrease) in other current liabilities (393) (5) 949
Changes in asset and liability total 1,011 (1,633) (2,504)
Adjustments required to present cash flows from operating activities 751 (31) 532
Appendix B – Non-cash investment and financing activities      
Repayment of promissory note (principal and interest) through issuance of ADSs resulted from partial exercise of Commitment Amount under equity line 5,057 3,721 12,581
Appendix C - Additional information pertaining to cash flows      
Interest received ₪ 193 ₪ 404
[1] Representing amount lower than NIS 1.