Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 3,943 $ 693
Short-term deposits 1,622
Restricted bank deposits 451
Trade receivables, net of allowance for doubtful debts of $125 and $61 as of December 31, 2022 and December 31, 2021, respectively 3,034 2,147
Inventories 1,179 897
Prepaid expenses and other current assets 678 398
TOTAL CURRENT ASSETS 10,907 4,135
NON-CURRENT ASSETS:    
Property and equipment, net 80 103
Prepaid expenses 492
Restricted cash 336
Restricted bank deposits 2,027 102
Severance pay fund 239 266
Operating lease right of use assets 726
Long-term deposits 12 78
TOTAL NON-CURRENT ASSETS 3,912 549
TOTAL ASSETS 14,819 4,684
CURRENT LIABILITIES:    
Current maturities of long-term loans 553 758
Warrants 8 177
Trade payables 1,781 1,920
Deferred revenues 484 673
Employee and employee-related obligations 793 703
Accrued royalties 900 818
Operating lease liabilities 445
Other current liabilities 1,238 902
TOTAL CURRENT LIABILITIES 6,202 5,951
NON-CURRENT LIABILITIES:    
Long-term loan, net of current maturities 4,625 5,473
Deferred revenues 164
Warrants 1,972
Convertible loan 4,905
Operating lease liabilities 237
Accrued severance 278 315
Other long-term liabilities 48 79
TOTAL NON-CURRENT LIABILITIES 5,352 12,744
TOTAL LIABILITIES 11,554 18,695
COMMITMENTS AND CONTINGENCIES
REDEEMABLE CONVERTIBLE PREFERRED STOCK:    
Redeemable convertible preferred stock 5,585
TOTAL REDEEMABLE CONVERTIBLE PREFERRED STOCK 5,585
Common stock, $0.0001 par value: 30,000,000 and 11,009,315 shares authorized as of December 31, 2022 and December 31, 2021, respectively; 17,379,861 and 2,050,404 shares issued and outstanding as of December 31, 2022 and 2021, respectively 1 [1]
Non-voting common stock, $0.0001 par value: 2,803,774 shares authorized as of December 31, 2022, and 2021, respectively; 0 and 1,783,773 shares issued and outstanding as of December 31, 2022 and 2021, respectively. [1]
Additional paid-in capital 36,666 2,824
Accumulated deficit (33,402) (22,420)
TOTAL SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY) 3,265 (19,596)
TOTAL LIABILITIES AND REDEEMABLE CONVERTIBLE PREFERRED STOCK AND SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY) $ 14,819 $ 4,684
[1] Represents an amount less than $1 thousands.