v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 620 $ 3,943
Restricted cash equivalents 1,565
Short-term deposits 197 1,622
Restricted bank deposits 451
Trade receivables, net of allowance for credit losses of $168 and $125 as of December 31, 2023, and December 31, 2022, respectively 664 3,034
Inventories 2,526 1,179
Prepaid expenses and other current assets, net of allowance for doubtful debts of $144 and $0 as of December 31, 2023, and December 31, 2022, respectively 340 678
TOTAL CURRENT ASSETS 5,912 10,907
NON-CURRENT ASSETS:    
Property and equipment, net 61 80
Prepaid expenses 592 492
Restricted cash and cash equivalents 3,330 336
Restricted bank deposits 94 2,027
Severance pay fund 238 239
Operating lease right of use assets 918 726
Long-term deposits 78 12
TOTAL NON-CURRENT ASSETS 5,311 3,912
TOTAL ASSETS 11,223 14,819
CURRENT LIABILITIES:    
Current maturities of long-term loans 1,335 553
Trade payables 1,769 1,781
Deferred revenues 389 484
Employee and employee-related obligations 737 793
Accrued royalties 1,062 900
Operating lease liabilities 498 445
Other current liabilities 1,122 1,246
TOTAL CURRENT LIABILITIES 6,912 6,202
NON-CURRENT LIABILITIES:    
Long-term loan, net of current maturities 3,154 4,625
Deferred revenues 71 164
Operating lease liabilities 405 237
Accrued severance 270 278
Other long-term liabilities 23 48
TOTAL NON-CURRENT LIABILITIES 3,923 5,352
TOTAL LIABILITIES 10,835 11,554
COMMITMENTS AND CONTINGENCIES  
MEZZANINE EQUITY    
Redeemable Convertible Preferred Stock $0.0001 par value, 10,000,000 authorized; None issued and outstanding as of December 31, 2023 and December 31, 2022.
Warrants to Placement Agent 159
SHAREHOLDERS’ EQUITY : (*)    
Common stock, value [1] 1 1
Additional paid-in capital [1] 39,916 36,666
Accumulated deficit [1] (39,688) (33,402)
TOTAL SHAREHOLDERS’ EQUITY [1] 229 3,265
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY 11,223 14,819
Non-voting    
SHAREHOLDERS’ EQUITY : (*)    
Common stock, value [1]
[1] Adjusted to reflect reverse stock split, see note 2(ff).

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