General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.24.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss for the period $ (4,355) $ (8,500) $ (10,982) $ (5,251)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 20 29 23 37
Changes in fair value related to warrants to lenders and investors (1,658) 1,068 1,049 1,031
Warrant issuance costs 223    
Inventories write-downs 132 106 147 102
Exchange rate differences (365) (798) (642) 167
Share-based compensation 298 41 220 53
Changes in fair value related to convertible loan 1,648 1,648 1,342
Changes in fair value related to convertible note 1,753 1,753
Financial income from short and long term bank deposit (78)    
Treasury shares     15
Interest expenses     830 235
Changes in operating assets and liabilities:        
Trade receivables 2,319 37 (887) (731)
Net change in operating lease assets and liabilities 25 (62) (44)
Inventories (1,651) (271) (429) 78
Prepaid expenses and other current assets 62 (251) (280) (236)
Long term prepaid expenses (100) (245)    
Other long-term assets     (492)
Long term deposits     27
Trade payables 411 (1,067) (139) (217)
Deferred revenues (262) 145 (25) 92
Other current liabilities (185) 406 508 516
Other long-term liabilities (30) 185 (41) 29
Net cash used in operating activities (5,194) (5,776) (7,768) (2,726)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Short term deposits 1,363 (68) (1,622)
Long term deposits (2) 66
Long term Restricted bank deposits 75 (27)
Restricted bank deposit     (2,451)
Purchase of property and equipment (6) (34) (54)
Net cash provided by (used in) investing activities 1,430 (102) (4,034) (54)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from exercise of options 10 [1] 5 [1]
Proceeds from issuance of common stocks, pre-funded warrants and warrants (see Note 11d) 3,500    
Proceeds from long-term debt, net of issuance costs     2,904
Proceeds from initial public offering and private placement 18,712 18,697
Underwriting discounts and commissions and other offering costs (291) (2,175) (2,175)
Repurchase of common stock (50)    
Repayment of long-term loan (583) (509) (1,241)
Net cash provided by financing activities 2,586 16,028 15,286 2,904
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (12) 46 (72) 167
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (1,190) 10,150 3,484 124
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF THE PERIOD 4,279 795 795 671
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF THE PERIOD 3,089 10,945 4,279 795
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:        
Cash and cash equivalents 682 10,206 3,943 693
Restricted cash, current 650    
Restricted cash, non-current 2,407 89    
Restricted cash, non-current     336 102
Total cash, cash equivalents and restricted cash 3,089 10,945 4,279 795
SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION:        
Cash paid for interest 512 626 818 511
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:        
Issuance costs of common stock, pre-funded warrants and warrants 104    
Reclassification of warrants from liability to equity upon amendment to private placement agreement (see Note 11(d)) $ 314    
Additional warrants     95
Right of use assets obtained in exchange for new operating lease liabilities     237
Conversion of convertible loan to common stock upon initial public offering     6,553
Conversion of convertible note to common stock upon initial public offering     3,600
Conversion of warrants to common stock upon initial public offering     3,190
Conversion of convertible redeemable preferred stock to common stock upon initial public offering     5,585
Repurchase of common stock     $ 15
[1] Represents an amount less than $1 thousands.