v3.22.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Income (loss) $ 237 $ (5,774) $ (11,164)
Adjustments for:      
Depreciation 773 660 539
Gains from Short term cash deposits (151)
Share-based compensation to employees and consultants 1,597 1,674 1,125
Exchange differences on cash and cash equivalents (143) (60) (62)
Financial expenses (income) related to financial instruments (28) (40) 3,230
Changes in operating asset and liability items:      
Decrease (increase) in trade receivables 560 (751) 437
Decrease (increase) in inventories 181 (374) (74)
Decrease (increase) in other receivables (185) 31 35
Decrease in operating right of use assets 400 442 237
Increase (decrease) in trade payables 236 (35) 228
Increase (decrease) in lease liabilities (337) (229) 145
Increase (decrease) in accrued liabilities and other payables (464) 740 629
Decrease in deferred revenues (including long term deferred revenues) (175) (735) (1,008)
Net cash provided by (used in) operating activities 2,501 (4,451) (5,703)
Cash flows from investing activities:      
Capitalization of intangible assets (161) (82)
Purchase of property and equipment (1,428) (437) (1,491)
Investment in short term deposits (30,000)
Proceeds from sale of property and equipment 33 30
Net cash used in investing activities (31,556) (519) (1,461)
Cash flows from financing activities:      
Proceeds from issuance of shares and warrants less issuance expenses 32,743 4,400 5,440
Exercise of options and warrants into shares 6,017 89 7
Loan repaid (24) (20)
Payments made for equipment on financing terms (17)
Net cash provided by financing activities 38,760 4,465 5,410
Increase (Decrease) in cash and cash equivalents and restricted deposits 9,705 (505) (1,754)
Cash and cash equivalents and restricted deposits at the beginning of the year 3,526 3,971 5,663
Exchange differences on cash and cash equivalents and restricted deposits 143 60 (62)
Cash and cash equivalents and restricted deposits at the end of the year 13,374 3,526 3,971
A. Supplementary information on investing and financing activities not involving cash flows:      
Conversion of pre-paid warrants to ordinary shares 355 22
Obtaining right of use assets in exchange for a lease liability 557 23 97
Exercise of anti-dilution derivatives 2,024
Classification of warrants from liabilities to equity, net 1,335
Classification of issuance costs liability to equity 50
B. Reconciliation of Cash, cash equivalents and restricted cash at the end of the year      
Cash and cash equivalents 13,148 3,333 3,791
Restricted deposits (including long term) 226 193 180
Total cash and cash equivalents and restricted deposits $ 13,374 $ 3,526 $ 3,971

Source