Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2020 |
Dec. 31, 2019 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net loss for the period |
$ (1,368)
|
$ (1,111)
|
| Adjustments required to reconcile net loss for the period to net cash used in operating activities: |
|
|
| Depreciation and amortization |
5
|
2
|
| Finance expenses |
|
77
|
| Stock based compensation |
645
|
540
|
| Interest on loans |
(70)
|
|
| Expenses with respect to convertible loans and debentures |
2
|
|
| Decrease (increase) in other current assets |
(17)
|
97
|
| Increase (decrease) in accounts payable |
(52)
|
71
|
| Increase (decrease) in other accounts payable |
6
|
186
|
| Net cash used in operating activities |
(849)
|
(138)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Proceeds from secured promissory notes |
965
|
|
| Repayments of long term banking institute |
(34)
|
(29)
|
| Net cash provided by (used in) financing activities |
931
|
(29)
|
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
82
|
(167)
|
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
23
|
190
|
| CASH AND CASH EQUIVALENTS AT END OF YEAR |
105
|
23
|
| Cash paid during the year for: |
|
|
| Interest |
126
|
3
|
| Non cash transactions: |
|
|
| Issuance of shares in exchange for extinguishment of debt |
623
|
|
| Issuance of shares in exchange for convertible loans |
$ 448
|
|