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
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 12,286 $ 693
Short term bank deposit 71
Restricted cash 770
Trade receivables, net of allowance for doubtful debts of $61 as of June 30, 2022, and December 31, 2021 3,109 2,147
Inventories 908 897
Prepaid expenses and other current assets 1,133 398
TOTAL CURRENT ASSETS 18,277 4,135
NON-CURRENT ASSETS:    
Property and equipment, net 99 103
Restricted cash 91 102
Severance pay fund 234 266
Operating lease right of use assets 776
Long term deposits 82 78
TOTAL NON-CURRENT ASSETS 1,282 549
TOTAL ASSETS 19,559 4,684
CURRENT LIABILITIES:    
Current maturities of long-term loans 768 758
Warrants 74 177
Trade payables 1,659 1,920
Deferred revenues 669 673
Employee and employee-related obligations 780 703
Accrued royalties 968 818
Operating lease liabilities 505
Other accrued liabilities 1,054 902
TOTAL CURRENT LIABILITIES 6,477 5,951
NON-CURRENT LIABILITIES:    
Long-term loan, net of current maturities 4,564 5,473
Deferred revenues 231
Warrants 1,972
Convertible loan 4,905
Operating lease liabilities 190
Accrued severance 279 315
Other long-term liabilities 61 79
TOTAL NON-CURRENT LIABILITIES 5,325 12,744
TOTAL LIABILITIES 11,802 18,695
COMMITMENTS AND CONTINGENCIES (Note 8)  
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 June 30, 2022, and December 31, 2021, respectively; 17,317,572 and 2,047,641 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 1 [1]
Non-voting common stock, $0.0001 par value: 2,803,774 shares authorized as of June 30, 2022 and December 31, 2021, respectively; 0 and 1,783,773 shares issued and outstanding as of June 30, 2022, and December 31, 2021. [1]
Additional paid-in capital 36,469 2,824
Accumulated deficit (28,713) (22,420)
TOTAL SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY) 7,757 (19,596)
TOTAL LIABILITIES AND REDEEMABLE CONVERTIBLE PREFERRED STOCK AND SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY) 19,559 4,684
Convertible Series A Preferred Stock    
NON-CURRENT LIABILITIES:    
CONVERTIBLE SERIES 2,858
Convertible Series B Preferred Stock    
NON-CURRENT LIABILITIES:    
CONVERTIBLE SERIES   $ 2,727
[1] Represents an amount less than $1 thousands.