v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (17,035) $ (11,767)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 117 123
Stock based compensation 3,078 2,386
Loss from exchange differences 23 19
Interest income in respect of deposits 12 72
CHANGES IN OPERATING ASSET AND LIABILITY:    
Decrease (Increase) in accounts receivable 1,260 (138)
Decrease in inventory 153 301
Decrease in operating lease liability (510) (379)
Decrease in right-of-use asset 499 379
Increase in other current and non-current assets (535) (156)
Severance pay asset and liability 10
Increase accounts payable 56 155
Decrease in contract fulfillment assets 1,017 239
Decrease in current and non-current contract liabilities (1,910) (247)
Increase in accrued compensation expenses 113 578
Increase (decrease) in related parties (5) 79
Increase (decrease) in other current and non-current liabilities (36) 129
Net cash flows used in operating activities (13,703) (8,217)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (56) (53)
Withdrawal of short terms deposits 310 8,000
Investment in short terms deposits and restricted deposit (310)
Net cash flows provided by investing activities 254 7,637
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of shares, net of issuance cost 20,867 9,818
Proceeds from options exercise 272
Net cash flows provided by financing activities 21,139 9,818
INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 7,690 9,238
BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR 18,164 8,945
EFFECT FROM EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 156 (19)
Total cash, cash equivalents and restricted cash 26,010 18,164
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheet:    
Cash and cash equivalents 25,677 18,164
Restricted cash 333
SUPPLEMENTAL INFORMATION FOR CASH FLOW:    
Right-of-use assets obtained in exchange for operating lease liabilities 206 167
Termination of right-of-use assets in exchange for cancellation of operating lease obligations $ (81) $ (55)