Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss for the period $ (5,096) $ (5,741)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 17 14
Inventories write-downs, net 92 140
Financial expenses 42 149
Share-based compensation 200 308
Liability for commitment fee under ELOC agreement 625
Change in fair value of pre-funded warrants and warrants liability (647)
Gain on settlement of liability for commitment fee under ELOC agreement (81)
Changes in operating assets and liabilities:    
Trade receivables, net 310 992
Net change in operating lease assets and liabilities 32 (28)
Inventories 64 (379)
Prepaid expenses and other current assets 100 (178)
Other non-current assets 99
Trade payables (322) (258)
Deferred revenues 107 (61)
Other current liabilities (19) (589)
Other non-current liabilities (82) (6)
Net cash used in operating activities (4,559) (5,637)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Restricted bank deposits 12 1
Long-term deposit 25
Purchase of property and equipment (91) (5)
Net cash used in investing activities (54) (4)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock – ATM 7,311 2,637
Offering cost from issuance of common stock – ATM (368) (262)
Proceeds from issuance of common stock and warrants - July 2025 PIPE 1,000
Offering cost from issuance of common stock and warrants - July 2025 PIPE (161)
Credit lines with bank, net (479) (675)
Proceeds from warrant inducement agreement 1,580
Underwriting commissions and other offering costs (193)
Proceeds from issuance of common stock and pre-funded warrants - September 2025 PIPE 850
Offering cost from issuance of common stock and pre-funded warrants - September 2025 PIPE (60)
Proceeds from short-term loans 705
Repurchase of common stock for retirement (1,039)
Repayment of short-term loan (350) (300)
Net cash provided by financing activities 5,075 5,121
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS 7 11
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS 469 (509)
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 4,362 2,267
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 4,831 1,758
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents 4,831 1,454
Restricted cash, current 304
Total cash, cash equivalents and restricted cash 4,831 1,758
SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 10 217
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:    
Warrant to lender 22
Issuance costs of warrant inducement agreement and warrants to underwriters 2,918
Pre-funded warrants converted to stock 220
Operating lease right of use assets obtained in exchange for operating lease liabilities 476
Settlement of liability for commitment fee through issuance of common stock, pre-funded warrants and warrants (Note 6b) 544
Other non-current assets $ 50