Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 10,206 $ 693
Short term bank deposit 68
Restricted cash 650
Trade receivables, net of allowance for doubtful debts of $124 and $61 as of September 30, 2022, and December 31, 2021 2,110 2,147
Inventories 1,062 897
Prepaid expenses and other current assets 649 398
TOTAL CURRENT ASSETS 14,745 4,135
NON-CURRENT ASSETS:    
Property and equipment, net 108 103
Prepaid expenses 245
Restricted cash 89 102
Severance pay fund 239 266
Operating lease right of use assets 818
Long term deposits 81 78
TOTAL NON-CURRENT ASSETS 1,580 549
TOTAL ASSETS 16,325 4,684
CURRENT LIABILITIES:    
Current maturities of long-term loans 777 758
Warrants 27 177
Trade payables 853 1,920
Deferred revenues 625 673
Employee and employee-related obligations 695 703
Accrued royalties 1,006 818
Operating lease liabilities 480
Other accrued liabilities 1,128 902
TOTAL CURRENT LIABILITIES 5,591 5,951
NON-CURRENT LIABILITIES:    
Long-term loan, net of current maturities 4,374 5,473
Deferred revenues 193
Warrants 1,972
Convertible loan 4,905
Operating lease liabilities 276
Accrued severance 276 315
Other long-term liabilities 52 79
TOTAL NON-CURRENT LIABILITIES 5,171 12,744
TOTAL LIABILITIES 10,762 18,695
COMMITMENTS AND CONTINGENCIES (Note 8)  
CONVERTIBLE PREFERRED STOCK    
CONVERTIBLE SERIES  
TOTAL REDEEMABLE CONVERTIBLE PREFERRED STOCK 5,585
SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY):    
Common stock, $0.0001 par value: 30,000,000 and 11,009,315 shares authorized as of September 30, 2022, and December 31, 2021, respectively; 17,317,572 and 2,047,641 shares issued and outstanding as of September 30, 2022, and December 31, 2021, respectively 1 [1]
Non-voting common stock, $0.0001 par value: 2,803,774 shares authorized as of September 30, 2022, and December 31, 2021, respectively; 0 and 1,783,773 shares issued and outstanding as of September 30, 2022, and December 31, 2021. [1]
Additional paid-in capital 36,482 2,824
Accumulated deficit (30,920) (22,420)
TOTAL SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY) 5,563 (19,596)
TOTAL LIABILITIES AND REDEEMABLE CONVERTIBLE PREFERRED STOCK AND SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY) 16,325 4,684
Convertible Series A Preferred Stock    
CONVERTIBLE PREFERRED STOCK    
CONVERTIBLE SERIES
Convertible Series B Preferred Stock    
CONVERTIBLE PREFERRED STOCK    
CONVERTIBLE SERIES $ 5,585
[1] Represents an amount less than $1 thousands.