v3.24.1.1.u2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 1,211 $ 620
Restricted cash equivalents 1,392 1,565
Short term deposits 197 197
Trade receivables, net of allowance for credit losses of $168 as of March 31, 2024, and December 31, 2023. 533 664
Inventories 2,608 2,526
Prepaid expenses and other current assets, net of allowance for doubtful debts of $181 and $144 as of March 31, 2024, and December 31, 2023, respectively 249 340
TOTAL CURRENT ASSETS 6,190 5,912
NON-CURRENT ASSETS:    
Property and equipment, net 58 61
Prepaid expenses 592 592
Restricted cash and cash equivalents 2,542 3,330
Restricted bank deposits 90 94
Severance pay fund 238 238
Operating lease right of use assets 728 918
Long term deposits 78 78
TOTAL NON-CURRENT ASSETS 4,326 5,311
TOTAL ASSETS 10,516 11,223
CURRENT LIABILITIES:    
Short term loan 574
Current maturities of long-term loans 1,088 1,335
Trade payables 2,258 1,769
Deferred revenues 305 389
Employee and employee-related obligations 855 737
Advances from reseller 1,143
Accrued royalties 1,087 1,062
Operating lease liabilities 465 498
Other accrued liabilities 1,115 1,122
TOTAL CURRENT LIABILITIES 8,890 6,912
NON-CURRENT LIABILITIES:    
Long-term loan, net of current maturities 2,521 3,154
Deferred revenues 68 71
Operating lease liabilities 254 405
Accrued severance 269 270
Other long-term liabilities 23 23
TOTAL NON-CURRENT LIABILITIES 3,135 3,923
TOTAL LIABILITIES 12,025 10,835
COMMITMENTS AND CONTINGENCIES (Note 6)
MEZZANINE EQUITY    
Redeemable Convertible Preferred Stock $0.0001 par value, 10,000,000 authorized; None issued and outstanding as of March 31, 2024 and December 31, 2023.
WARRANTS TO PLACEMENT AGENT (Note 7d) 159 159
SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY):    
Common stock, value 1 1
Additional paid-in capital 40,005 39,916
Accumulated deficit (41,674) (39,688)
TOTAL SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY) (1,668) 229
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY) 10,516 11,223
Non-voting    
SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY):    
Common stock, value

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