v3.26.1
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (4,324) $ (4,075) $ (9,505) $ (8,340)
Adjustments to reconcile net loss to net cash used in operations:        
Depreciation 29 31 56 58
Stock based compensation 452 845 1,338 1,651
Profit from exchange differences (65) (71) (45) (42)
Loss from sales of property and equipment 54 54
Interest income in respect of deposits (3) (3) 12
Changes in operating assets and liability items:        
Decrease (increase) in accounts receivable (581) (295) (407) 1,023
Decrease (Increase) in inventory 69 (194) 203
Decrease in operating lease liability (131) (106) (270) (242)
Increase in unbilled receivables (33) (161) (67) (257)
Decrease in right-of-use asset 104 121 231 239
Increase in current and non-current other assets (296) (262) (200) (270)
Increase (decrease) in account payables 15 117 (13) 126
Increase (decrease) in related parties 25 (63) (2) 35
Decrease in contract fulfillment assets 1,017
Increase (decrease) in current and non-current contract liabilities 209 36 177 (1,796)
Increase (decrease) in accrued compensation expenses (13) (210) 97 122
Increase (decrease) in current and non-current other liabilities 30 (77) 40 58
Net cash flows used in operating activities (4,459) (4,170) (8,713) (6,403)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of property and equipment (28) (3) (34) (30)
Proceeds from sales of property and equipment 21 21
Withdrawal of (investment in) short term deposits (330) (330) 310
Net cash flows provided by (used in) investing activities (337) (3) (343) 280
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from issuance of shares, net of issuance cost (issuance cost) (35) 20,874
Proceeds from options exercise 101 69 133 182
Net cash flows provided by financing activities 101 34 133 21,056
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (4,695) (4,139) (8,923) 14,933
BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF THE PERIOD 21,763 37,207 26,010 18,164
EFFECT FROM EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 152 170 133 141
Total cash, cash equivalents and restricted cash 17,220 33,238 17,220 33,238
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheet:        
Cash and cash equivalents 17,220 32,910 17,220 32,910
Restricted cash 328 328
SUPPLEMENTAL INFORMATION FOR CASH FLOW:        
Right-of-use assets obtained in exchange for operating lease liabilities 272 78 375 78
Termination of right-of-use assets in exchange for cancellation of operating lease obligations $ (33) $ (76) $ (33)