INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
3 Months Ended |
Mar. 31, 2023 |
Mar. 31, 2022 |
| Cash flows from operating activities: |
|
|
| Net loss |
$ (5,059)
|
$ (5,360)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation |
67
|
74
|
| Stock-based compensation related to options granted to employees and directors |
4
|
505
|
| Change in operating lease liability |
(79)
|
(117)
|
| Decrease (increase) in other accounts receivable and prepaid expenses |
(579)
|
323
|
| Increase in trade payables |
1,578
|
870
|
| Increase in other accounts payable and accrued expenses |
82
|
17
|
| Total net cash used in operating activities |
(3,986)
|
(3,688)
|
| Cash flows from investing activities: |
|
|
| Purchase of property and equipment |
|
(9)
|
| Changes in short-term deposit |
2,005
|
(8)
|
| Total net cash provided by (used in) investing activities |
2,005
|
(17)
|
| Cash flows from financing activities: |
|
|
| Proceeds from issuance of shares in at-the-market (ATM) offering |
3,230
|
|
| Total net cash provided by financing activities |
3,230
|
|
| Increase (decrease) in cash and cash equivalents |
1,249
|
(3,705)
|
| Cash and cash equivalents at the beginning of the period |
772
|
18,856
|
| Cash and cash equivalents at end of the period |
$ 2,021
|
$ 15,151
|