v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss for the year $ (4,374) $ (6,286)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 26 27
Changes in fair value related to warrants to lenders and investors (8) (1,658)
Warrant issuance costs 223
Inventory write-downs 101 239
Exchange rate differences 67 (460)
Share-based compensation 337 377
Interest expenses (91) 295
Changes in operating assets and liabilities:    
Trade receivables (952) 2,370
Net change in operating lease assets and liabilities 26 19
Inventories (11) (1,585)
Prepaid expenses and other current assets (143) 357
Long term prepaid expenses (100)
Trade payables (787) (25)
Deferred revenues (122) (188)
Other current liabilities (580) (172)
Other long-term liabilities (38) (10)
Net cash used in operating activities (6,549) (6,577)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Short term deposit 198 1,418
Long- term deposit (56)
Proceeds from restricted long term bank deposits 4,827
Deposit of restricted long-term bank deposits (2,810)
Restricted short term bank deposit 451
Purchase of property and equipment (1) (9)
Net cash provided by investing activities 197 3,821
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of options 32
Proceeds from credit line with bank, net 774
Proceeds from issuance of common stocks 2,063
Offering cost from issuance of common stocks (125)
Proceeds from warrant inducement agreement 5,248
Proceeds from issuance of common stocks, pre-funded warrants and warrants 5,000
Underwriting commissions and other offering costs (668) (420)
Repurchase of common stock (50)
Early repayment of long-term loan (4,038)
Repayment of long-term loan (193) (769)
Net cash provided by financing activities 3,093 3,761
Effect of exchange rate changes on cash and cash equivalents and restricted cash 11 231
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (3,248) 1,236
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR 5,515 4,279
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR 2,267 5,515
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents 1,967 620
Restricted cash equivalents, current 300 1,565
Restricted cash and cash equivalents, non-current 3,330
Total cash, cash equivalents and restricted cash 2,267 5,515
SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 624 431
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:    
Right of use assets obtained in exchange for new operating lease liabilities 702
Issuance costs of common stock, pre-funded warrants and warrants 159
Reclassification of warrants from liability to equity upon amendment to private placement agreement (see Note 11(d)) 314
Issuance costs of the Warrant inducement agreement 2,651
Warrant to lender $ 84  

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