INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands |
3 Months Ended |
Mar. 31, 2022 |
Mar. 31, 2021 |
| Cash flows from operating activities: |
|
|
| Net loss |
$ (5,360)
|
$ (6,662)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation |
74
|
61
|
| Stock-based compensation related to options granted to employees and directors |
505
|
290
|
| Change in operating lease liability |
(117)
|
(293)
|
| Decrease in other accounts receivable and prepaid expenses |
323
|
322
|
| Increase (decrease) in trade payables |
870
|
(2,865)
|
| Increase in other accounts payable and accrued expenses |
17
|
179
|
| Total net cash used in operating activities |
(3,688)
|
(8,968)
|
| Cash flows from investing activities: |
|
|
| Purchase of property and equipment |
(9)
|
(30)
|
| Changes in short-term deposit |
(8)
|
(7)
|
| Total net cash used in investing activities |
(17)
|
(37)
|
| Cash flows from financing activities: |
|
|
| Proceeds from exercise of options |
|
5
|
| Proceeds from issuance of shares in at-the-market (ATM) offering (Note 7) |
|
7,104
|
| Total net cash provided by financing activities |
|
7,109
|
| Decrease in cash and cash equivalents |
(3,705)
|
(1,896)
|
| Cash and cash equivalents at the beginning of the period |
18,856
|
37,829
|
| Cash and cash equivalents at end of the period |
$ 15,151
|
35,933
|
| Supplemental schedule of non-cash transactions |
|
|
| Right of use lease asset and liability |
|
$ 85
|