XML 17 R7.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS - OPERATING ACTIVITIES:    
Loss for the period $ (7,454) $ (1,581)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 283 56
Non-cash interest and exchange rate differences, net 523 (25)
Fair value adjustment of warrants’ liability (6) (4,114)
Share in equity loss of joint venture 45
Warrants issuance costs 473
Share-based compensation 513 915
Other 233
Changes in operating assets and liabilities:    
Decrease (increase) in prepaid expenses and receivables (154) 187
Decrease (increase) in inventory 331 (18)
Increase (decrease) in trade payables 96 (149)
Increase in other payables and deferred revenue 557 159
Net cash used in operating activities (5,266) (3,864)
CASH FLOWS - INVESTING ACTIVITIES:    
Purchase of equipment (9) (26)
Investment in joint venture (87)
Installation of a production facility (91) (225)
Participation of Israeli Innovation Authority in production facility investment 57
Restricted deposit withdrawn (funded) (5) 4
Net cash used in investing activities (135) (247)
CASH FLOWS - FINANCING ACTIVITIES:    
Proceeds from issuance of shares, warrants and prefunded warrants 3,729 5,651
Proceeds from issuance of warrants’ liability 3,176
Fund raising and issuance costs (381) (856)
Exercise of options and warrants 3
Net cash provided by financing activities 3,348 7,974
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS (2,053) 3,863
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS 83 (81)
CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS - BEGINNING OF PERIOD 4,130 3,217
CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS - END OF PERIOD 2,160 6,999
Investing and financing activities not involving cash flows    
Recognition of operating lease liability and right-of-use asset 109
Borrowing costs capitalized 53
Reclassification of share options and warrants from liabilities to equity 700
Reclassification of warrants from equity to liabilities 1,649
C. Reconciliation of cash and cash equivalents, and restricted DEPOSITS reported in the statement of financial position    
Cash and cash equivalents 2,127 6,966
Restricted bank deposits 33 33
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 2,160 $ 6,999