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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 4 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (12,255) $ (7,324)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation 18 7
Exchange differences and interest on deposits and held to maturity bonds (34) (13)
Changes in fair value of investments 72 (123)
Stock-based compensation 1,776 413
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (460) (448)
Accounts payable, accrued expenses and related parties 689 150
Deferred revenues (904) (904)
Liability for employee rights upon retirement 1 2
Other liabilities (25) (23)
Total net cash used in operating activities (11,122) (8,263)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in short-term deposits (100,000) (12,460)
Purchase of held to maturity securities (678)
Purchase of corporate bonds designated as fair value (1,091)
Proceeds from sale of short-term deposits 8,960
Proceeds from maturity of held to maturity securities 761 2,410
Proceeds from sale of mutual funds 775
Funds in respect of employee rights upon retirement   (1)
Purchase of property and equipment (9) (320)
Total net cash provided by (used in) investing activities (99,248) (2,405)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net of issuance costs 59,933 13,001
Proceeds from exercise of options 639
Total net cash provided by financing activities 60,572 13,001
EFFECT OF EXCHANGE RATE CHANGES ON CASH 9 1
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (49,789) 2,334
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 77,245 19,296
CASH AND CASH EQUIVALENTS AT END OF PERIOD 27,456 21,630
(A) SUPPLEMENTARY DISCLOSURE ON CASH FLOWS -    
Interest received 128 152
(B) SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:    
Recognition of operating lease right of use assets and liabilities $ 582