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 ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss for the period $ (1,986) $ (1,895)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 4 7
Inventory write-downs 7
Exchange rate differences (70) (130)
Share-based compensation 89 95
Interest expenses (61)
Financial income from long term bank deposit (1) (51)
Changes in operating assets and liabilities:    
Trade receivables 131 561
Net change in operating lease assets and liabilities 6 16
Inventories (83) (102)
Prepaid expenses and other current assets 91 265
Trade payables 490 (381)
Deferred revenues (87) (35)
Advances from reseller 1,143
Other current liabilities 131 (46)
Other long-term liabilities (16)
Net cash used in operating activities (203) (1,705)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Short term deposits 812
Short term Restricted bank deposits (329)
Long term Restricted bank deposits (811)
Long term deposits (3)
Purchase of property and equipment (1) (3)
Net cash used in investing activities (1) (334)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock (50)
Proceeds from credit lines with bank 574
Early repayment of long-term loan (545)  
Repayment of long-term loan (193) (192)
Net cash used in financing activities (164) (242)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (2) (5)
DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (370) (2,281)
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF THE PERIOD 5,515 4,279
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF THE PERIOD 5,145 1,998
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents 1,211 808
Restricted cash equivalents, current 1,392
Restricted cash and cash equivalents, non-current 2,542 1,190
Total cash, cash equivalents and restricted cash 5,145 1,998
SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest $ 273 $ 116