Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss for the period $ (78,000) $ (1,593,000) $ (2,064,000) $ (3,488,000)  
Depreciation     8,000 13,000  
Changes in fair value related to warrants to lenders and investors     (396,000)  
Warrant issuance costs     223,000  
Inventory write-downs 25 90 25,000 97,000  
Exchange rate differences     (79,000) (226,000)  
Share-based compensation     179,000 192,000  
Interest expenses     (41,000)  
Financial income from long term bank deposit     4,000 (64,000)  
Changes in operating assets and liabilities:          
Trade receivables     (26,000) 1,275,000  
Net change in operating lease assets and Liabilities     1,000 24,000  
Inventories     342,000 (726,000)  
Prepaid expenses and other current assets     (150,000) 208,000  
Trade payables     (347,000) 137,000  
Deferred revenues     (209,000) (155,000)  
Other current liabilities     14,000 (36,000)  
Other long-term liabilities     (17,000)  
Net cash used in operating activities     (2,343,000) (2,939,000)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Short term deposits     198,000 810,000  
Short term Restricted bank deposits     (125,000)  
Long term deposits     (5,000)  
Purchase of property and equipment     (1,000) (3,000)  
Net cash Provided by investing activities     197,000 677,000  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from exercise of options     32,000 10,000  
Repurchase of common stock     (50,000)  
Proceeds from common stocks, pre-funded warrants and warrants       3,500,000  
Proceeds from Warrant inducement agreement     2,999,000  
Underwriting discounts and commissions and other offering costs     (397,000) (291,000)  
Proceeds from credit lines with bank, net     1,045,000  
Early repayment of long-term loan     (3,483,000)  
Repayment of long-term loan     (193,000) (389,000)  
Net cash Provided by financing activities     3,000 2,780,000  
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS     (10,000) (10,000)  
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS     (2,153,000) 508,000  
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD     5,515,000 4,279,000 $ 4,279,000
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 3,362,000 4,787,000 3,362,000 4,787,000 5,515,000
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:          
Cash and cash equivalents 2,412,000 2,573,000 2,412,000 2,573,000 620,000
Restricted cash equivalents, current 790,000 790,000 1,565,000
Restricted cash and cash equivalents, non-current 160,000 2,214,000 160,000 2,214,000  
Total cash, cash equivalents and restricted cash $ 3,362,000 $ 4,787,000 3,362,000 4,787,000 $ 5,515,000
SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION:          
Cash paid for interest     326,000 351,000  
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:          
Issuance costs of common stock, pre-funded warrants and warrants     104,000  
Issuance costs of the Warrant inducement agreement     $ 1,493,000