XML 31 R8.htm IDEA: XBRL DOCUMENT v3.25.1
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:      
Net loss $ (7,879) $ (7,814) $ (6,496)
Adjustments required to reconcile net loss to net cash used in operating activities      
Depreciation 107 68 23
Interest expenses on convertible promissory note 4
Accrued interest on deposits (3) (45)
Share based compensation expenses 182 241 790
Unrealized gain from foreign currency derivative activities 68 (68)
Marketing expenses paid in ordinary shares 100
Provision for inventory write-off 75
Changes in operating assets and liabilities items:      
Decrease in accounts receivable 8
Decrease (increase) in inventories (269) (1,026) 5
Decrease (increase) in governmental grants receivables 91 (54) 8
Decrease (increase) in other receivables and prepaid expenses 357 (136) (496)
Increase (decrease) in advance payments (228) (41) 79
Increase (decrease) in deferred revenues (12) (12)
Increase (decrease) in accounts payable (253) 254 84
Increase (decrease) in accrued payroll and other employment related accruals (177) 163 194
Increase in accrued expenses 212 36 99
Net cash used in operating activities (7,613) (8,434) (5,714)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (43) (194) (48)
Decrease (increase) in deposits, net 3,240 (4,054)
Prepayments of leasing (18)
Net cash provided by (used in) investing activities 3,197 (4,248) (66)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of shares issued in the public offering, net of issuance cost 1,578 1,670
Proceeds from issuance of units of ordinary shares and warrants in connection with the initial public offering, net of issuance expenses 14,319
Proceeds from issuance of SAFEs 500
Refund to SAFE investors (100)
Proceeds from credit line 800
Repayment of credit line (800)
Proceeds from issuance of ordinary shares as a result of exercise of warrants 1,449 160
Proceeds from issuance of ordinary shares associated with the SEPA 4,353
Proceeds from issuance of convertible promissory note 1,920
Repayment of convertible promissory note (1,156)
Net cash provided by financing activities 6,695 3,119 14,879
Net increase (decrease) in cash and cash equivalents 2,279 (9,563) 9,099
Cash and cash equivalents at the beginning of year 810 10,373 1,274
Cash and cash equivalents at the end of year 3,089 810 10,373
Supplemental Disclosure:      
Interest paid 49 40
Interest received (144) (305)
Conversion of SAFEs to equity 400
Right-of-use asset recognized against lease liability $ 644 $ 229