Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 2,241 $ 620
Short term deposits 197
Restricted cash equivalents 300 1,565
Trade receivables, net of allowance for credit losses of $168 as of September 30, 2024, and December 31, 2023. 1,828 664
Inventories 2,372 2,526
Prepaid expenses and other current assets, net of allowance for doubtful debts of $181 and $144 as of September 30, 2024, and December 31, 2023, respectively 481 340
TOTAL CURRENT ASSETS 7,222 5,912
NON-CURRENT ASSETS:    
Property and equipment, net 52 61
Prepaid expenses 592 592
Restricted cash and cash equivalents 3,330
Restricted bank deposits 91 94
Severance pay fund 200 238
Operating lease right of use assets 515 918
Long term deposits 78 78
TOTAL NON-CURRENT ASSETS 1,528 5,311
TOTAL ASSETS 8,750 11,223
CURRENT LIABILITIES:    
Credit line 927
Current maturities of long-term loans 1,335
Trade payables 893 1,769
Deferred revenues 277 389
Employee and employee-related obligations 760 737
Accrued royalties 1,033 1,062
Current maturities of operating lease liabilities 450 498
Other current liabilities 735 1,122
TOTAL CURRENT LIABILITIES 5,075 6,912
NON-CURRENT LIABILITIES:    
Long-term loan, net of current maturities 150 3,154
Deferred revenues 160 71
Operating lease liabilities 62 405
Accrued severance 226 270
Other long-term liabilities 16 23
TOTAL NON-CURRENT LIABILITIES 614 3,923
TOTAL LIABILITIES 5,689 10,835
COMMITMENTS AND CONTINGENCIES (Note 10)
MEZZANINE EQUITY    
Redeemable convertible preferred stock - $0.0001 par value, 10,000,000 authorized as of September 30, 2024, December 31, 2023. None issued and outstanding as of September 30, 2024, December 31, 2023.
WARRANTS TO PLACEMENT AGENT (Note 7) 228 159
SHAREHOLDERS' EQUITY :    
Common stock, value 1 1
Additional paid-in capital 45,095 39,916
Accumulated deficit (42,263) (39,688)
TOTAL SHAREHOLDERS’ EQUITY 2,833 229
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY 8,750 11,223
Non-voting    
SHAREHOLDERS' EQUITY :    
Common stock, value