Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.22.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 344 $ 693
Short term bank deposit 262
Restricted cash 486
Trade receivables, net of allowance for doubtful debts of $61 as of March 31, 2022, and December 31, 2021 1,334 2,147
Inventories 931 897
Prepaid expenses and other current assets 559 398
TOTAL CURRENT ASSETS 3,916 4,135
NON-CURRENT ASSETS:    
Property and equipment, net 108 103
Restricted cash 99 102
Severance pay fund 261 266
Operating lease right of use assets 868
Long term deposits 76 78
TOTAL NON-CURRENT ASSETS 1,412 549
TOTAL ASSETS 5,328 4,684
CURRENT LIABILITIES:    
Current maturities of long-term loans 826 758
Warrants 177 177
Trade payables 1,545 1,920
Deferred revenues 612 673
Employee and employee-related obligations 704 703
Accrued royalties 877 818
Convertible loan 5,871
Operating lease liabilities 575
Other accrued liabilities 1,007 902
TOTAL CURRENT LIABILITIES 12,194 5,951
NON-CURRENT LIABILITIES:    
Long-term loan, net of current maturities 5,161 5,473
Warrants 3,030 1,972
Convertible Note 2,923
Convertible loan 4,905
Operating lease liabilities 283
Accrued severance 308 315
Other long-term liabilities 65 79
TOTAL NON-CURRENT LIABILITIES 11,770 12,744
TOTAL LIABILITIES 23,964 18,695
COMMITMENTS AND CONTINGENCIES (Note 8)  
TOTAL REDEEMABLE CONVERTIBLE PREFERRED STOCK 5,585 5,585
CAPITAL DEFICIENCY:    
Common stock, $0.0001 par value: 11,009,315 shares authorized as of March 31, 2022, and December 31, 2021, respectively; 2,065,864 and 2,047,641 shares issued and outstanding as of March 31, 2022, and December 31, 2021, respectively [1]
Non-voting common stock, $0.0001 par value: 2,803,774 shares authorized as of March 31, 2022, and December 31, 2021, respectively; 1,783,773 shares issued and outstanding as of March 31, 2022, and December 31, 2021, respectively. [1]
Additional paid-in capital 2,838 2,824
Accumulated deficit (27,059) (22,420)
TOTAL CAPITAL DEFICIENCY (24,221) (19,596)
TOTAL LIABILITIES AND REDEEMABLE CONVERTIBLE PREFERRED STOCK NET OF CAPITAL DEFICIENCY 5,328 4,684
Convertible Series A Preferred Stock    
NON-CURRENT LIABILITIES:    
CONVERTIBLE SERIES 2,858 2,858
Convertible Series B Preferred Stock    
NON-CURRENT LIABILITIES:    
CONVERTIBLE SERIES $ 2,727 $ 2,727
[1] Represents an amount less than $1 thousands.