Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets Unaudited

v3.25.1
Condensed Consolidated Balance Sheets Unaudited - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 1,122 $ 1,967
Restricted cash equivalents 302 300
Trade receivables, net of allowance for credit losses of $168 as of March 31, 2025, and December 31, 2024. 1,234 1,616
Inventories 2,508 2,436
Prepaid expenses and other current assets, net of allowance for doubtful debts of $181 as of March 31, 2025, and December 31, 2024. 681 584
TOTAL CURRENT ASSETS 5,847 6,903
NON-CURRENT ASSETS:    
Property and equipment, net 35 38
Prepaid expenses and other 538 492
Restricted bank deposits 91 91
Severance pay fund 201 205
Operating lease right of use assets 310 410
Long-term deposits 85 86
TOTAL NON-CURRENT ASSETS 1,260 1,322
TOTAL ASSETS 7,107 8,225
CURRENT LIABILITIES:    
Credit line 444 774
Short-term loans 75
Trade payables 903 982
Deferred revenues 281 246
Employee and employee-related obligations 738 688
Accrued royalties 520 673
Current maturities of operating lease liabilities 298 415
Other current liabilities 481 805
TOTAL CURRENT LIABILITIES 3,740 4,583
NON-CURRENT LIABILITIES:    
Long-term loan 150 150
Deferred revenues 69 92
Accrued severance 226 229
Other long-term liabilities 116 186
TOTAL NON-CURRENT LIABILITIES 561 657
TOTAL LIABILITIES 4,301 5,240
COMMITMENTS AND CONTINGENCIES (Note 5)  
MEZZANINE EQUITY    
Redeemable convertible preferred stock - $0.0001 par value, 10,000,000 authorized as of March 31, 2025 and December 31, 2024. None issued and outstanding as of March 31, 2025 and December 31, 2024.
WARRANTS TO PLACEMENT AGENT 228 228
SHAREHOLDERS’ EQUITY:    
Common stock, value 1 1
Additional paid-in capital 48,499 46,818
Accumulated deficit (45,922) (44,062)
TOTAL SHAREHOLDERS’ EQUITY 2,578 2,757
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY 7,107 8,225
Non-voting Common Stock    
SHAREHOLDERS’ EQUITY:    
Common stock, value