v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - 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 $ (3,551) $ (2,503) $ (6,284) $ (4,238)
Adjustments required to reconcile loss to net cash used in operating activities:        
Depreciation 3 3 5 7
Share-based compensation expenses 197 37 542 58
Non-cash financial expenses (135) 229 (131) 310
Changes in operating assets and liabilities:        
Decrease (increase) in prepaid expenses 157 (205) (802) (717)
Increase in other current assets (15) (5) (62) (1)
Increase (decrease) in trade payable 268 (30) 393 (237)
Net change in operating lease (7) 2 (11) 1
Increase (decrease) in employee related obligations 68 4 (251) (14)
Increase (decrease) in other account payable 90 (39) 30 (129)
Net cash used in operating activities (2,925) (2,507) (6,571) (4,960)
CASH FLOWS FROM INVESTING ACTIVITIES-        
Investment in long-term deposits (1) 0 (1) 0
Purchase of property and equipment 0 (1) 0 (7)
Net cash used in investing activities (1) (1) (1) (7)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Issuance of Ordinary Shares under the At-the-Market Sales Agreement 1,985 0 2,071 0
Payment and prepayment of issuance costs related to At-the-Market Sales Agreement (118) 0 (121) 0
Proceeds from issuance of ordinary shares upon January 2025 Offering 0 0 0 5,000
Issuance costs related to January 2025 Offering 0 (95) 0 (745)
Proceeds from exercise of warrants upon January 2025 Offering 0 0 0 864
Proceeds from issuance of ordinary shares upon January 2025 and May 2026 Inducement Offer 998 0 998 3,276
Issuance costs related to warrants inducement transaction (125) (100) (125) (462)
Payment of Underwriters Promissory Note 0 0 0 (696)
Net cash provided by (used in) financing activities 2,740 (195) 2,823 7,237
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (186) (2,703) (3,749) 2,270
EXCHANGE RATE DIFFERENCES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 8 14 (6) 4
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 2,498 6,233 6,075 1,270
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 2,320 3,544 2,320 3,544
Appendix A – RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH REPORTED IN THE CONSOLIDATED BALANCE SHEETS:        
Cash and cash equivalents 2,229 3,466 2,229 3,466
Restricted cash 91 78 91 78
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH SHOWN IN STATEMENT OF CASH FLOWS 2,320 3,544 2,320 3,544
Appendix B - SUPPLEMENTARY INFORMATION: SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:        
Prepaid issuance expenses utilized, in respect of At-the-Market Sales Agreement 53 0 60 0
Accrued and unpaid issuance expenses in respect of May 2026 Inducement Offer 44 0 44 0
Conversion of Promissory Note to ordinary shares 414 0 414 356
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Interest paid 0 0 0 13
Interest received $ 14 $ 44 $ 46 $ 46