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Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Cash flows from operating activities: |  |  |
Loss for the year | $ (7,279) | $ (19,977) | $ (21,760)
Adjustments: |  |  |
Depreciation | 186 | 197 | 201
Impairment loss | 202 |  |
Finance income, net | (3,726) | (2,294) | (843)
Share-based payments | 582 | 1,875 | 2,412
Total adjustments | (10,035) | (20,199) | (19,990)
Changes in assets and liabilities: |  |  |
Changes in other current assets | 96 | 178 | 313
Changes in trade payables | (2,076) | 1,334 | 799
Changes in other payables | (2,352) | (1,076) | 2,132
Changes in post-employment benefit liabilities |  | (162) | 11
Changes in assets and liabilities, total | (4,332) | 274 | 3,255
Net cash used in operating activities | (14,367) | (19,925) | (16,735)
Cash flows from investing activities: |  |  |
Acquisition of subsidiary, net of cash acquired (see Note 4C) |  | (3,549) |
Proceed from other investments | 187 | 875 |
Acquisition of intangible asset |  |  | (202)
Decrease in short term deposits | 2 | 15,803 | 19,658
Decrease in long term deposits |  |  | 160
Interest received | 320 | 755 | 324
Acquisition of fixed assets |  | (3) | (26)
Net cash provided by investing activities | 509 | 13,881 | 19,914
Cash flows from financing activities: |  |  |
Proceeds from issuance of ADSs | 5,809 | 1,563 | 1,498
ADS issuance expenses paid | (556) | (229) | (152)
Proceeds from issuance of warrants and prefunded warrants |  | 5,000 |
Proceeds from warrant inducement transaction | 2,028 |  |
Warrants issuance expenses paid | (280) | (661) |
Repayment of lease liability | (183) | (168) | (165)
Interest paid | (44) | (56) | (67)
Net cash provided by financing activities | 6,774 | 5,449 | 1,114
Net increase (decrease) in cash and cash equivalents | (7,084) | (595) | 4,293
Cash and cash equivalents at the beginning of the year | 14,489 | 15,030 | 10,890
Effect of translation adjustments on cash and cash equivalents | (4) | 54 | (153)
Cash and cash equivalents at end of the year | $ 7,401 | $ 14,489 | $ 15,030

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