v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ (16,925) $ 237 $ (5,774)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 1,076 773 660
Interest from Short term deposits (87) (151)
Share-based compensation to employees and consultants 2,174 1,597 1,674
Exchange differences on cash and cash equivalents 608 (143) (60)
Financial income related to financial instruments (28) (40)
Changes in assets and liabilities:      
Decrease (increase) in trade receivables 261 560 (751)
Decrease (increase) in inventories (312) 181 (374)
Decrease (increase) in other receivables (119) (185) 31
Decrease in operating right of use assets 461 400 442
Increase (decrease) in trade payables 99 236 (35)
Decrease in lease liabilities (916) (337) (229)
Increase (decrease) in accrued liabilities and other payables 14 (464) 740
Decrease in deferred revenues (32) (175) (735)
Net cash provided by (used in) operating activities (13,698) 2,501 (4,451)
Cash flows from investing activities:      
Capitalization of intangible assets (42) (161) (82)
Purchase of property and equipment (1,274) (1,428) (437)
Repayment of a short term deposits 50,238
Investment in short term deposits (20,000) (30,000)
Proceeds from sale of property and equipment 33
Net cash provided by (used in) investing activities 28,922 (31,556) (519)
Cash flows from financing activities:      
Proceeds from issuance of shares and warrants less issuance expenses 32,743 4,400
Loan repaid (24)
Exercise of options and warrants into shares 1,874 6,017 89
Net cash provided by financing activities 1,874 38,760 4,465
Exchange differences on cash and cash equivalents and restricted deposits (608) 143 60
Net increase (decrease) in cash and cash equivalents and restricted deposits 16,490 9,848 (445)
Cash and cash equivalents and restricted deposits at the beginning of the year 13,374 3,526 3,971
Cash and cash equivalents and restricted deposits at the end of the year 29,864 13,374 3,526
Supplemental discloser of non-cash activities:      
Conversion of pre-paid warrants to ordinary shares 355
Right of use assets recognized with corresponding lease liabilities 219 557 23
Classification of issuance costs liability to equity 50
Capitalization of Share-based compensation to inventory 37
Supplemental discloser of cash activities:      
Cash paid during the year for taxes 31
Reconciliation of Cash, cash equivalents and restricted cash at the end of the year      
Cash and cash equivalents 29,653 13,148 3,333
Restricted deposits short term 23 13 12
Restricted deposits long term 188 213 181
Total cash and cash equivalents and restricted deposits $ 29,864 $ 13,374 $ 3,526

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