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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss for the period $ (12,503) $ (4,685)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 22 21
Stock-based compensation 239 260
Issuance of restricted shares as compensation towards directors 178 5
Linkage difference on principal of loans from stockholders 1 4
Revaluation expenses incurred from settlement of financial liabilities (Note 3I and Note 3J) 1,505
Revaluation expenses related to derivative financial liabilities (Note 3H) 2
Discount amortization and interest expenses related to promissory notes (Note 3F, Note 3G and Note 3H) 330
Changes in assets and liabilities:    
Other current assets 80 (216)
Accounts payable 1,129 598
Other current liabilities 26 (134)
Net cash used in operating activities (8,991) (4,147)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (104)
Net cash used in investing activities (104)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds received from private placement transaction (Note 3D) 500
Issuance of promissory notes and detachable warrants through private placement transaction (Note 3F) 100
Issuance of convertible promissory notes and bifurcated conversion feature through private placement transaction (Note 3G) 360
Issuance of convertible promissory note, bifurcated conversion and redemption features and detachable warrants through private placement transaction (Note 3H) 4,000
Net proceeds received from underwritten U.S. public offering 8,730
Net cash provided by financing activities 4,960 8,730
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (11) (17)
Change in cash and cash equivalents, and restricted cash (4,146) 4,566
Cash and cash equivalents, and restricted cash at beginning of the period 4,502 2,331
Cash and cash equivalents, and restricted cash, end of period 356 6,897
(a) Net cash (received) paid during the year for:    
Interest (37)
(b) Non-cash investment and financing activities:    
Deemed dividend upon trigger of down round protection 855
Recognition of right for use asset against a lease liability (Note 3C) 79
Issuance of shares and warrants as settlement of financial liabilities (Note 3I and Note 3J) $ 238