v3.24.1.1.u2
Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (3,162) $ (2,686) $ (9,445) $ (9,468)
Adjustments to reconcile net loss to net cash used in operations:        
Depreciation 33 155 284 251
Stock based compensation 500 348 1,664 1,638
Loss from exchange differences on cash and cash equivalents 21 4 (159) 269
Interest and exchange differences from operating lease liability (17) (9) (49)
Severance pay asset and liability 54 50 (8)
Interest income in respect of deposits (132) 42 (49) (34)
CHANGES IN OPERATING ASSET AND LIABILITY ITEMS:        
Decrease (increase) in accounts receivable 1,249 (1) (1,312) (52)
Increase in inventory (100) (63) 126 (463)
Decrease in operating lease liability (114) (48) (391) (233)
Decrease in ROU asset 109 44 381 261
Increase in current and non-current other assets (130) (283) (247) 162
Increase in account payables 112 68 (10) 194
Decrease in contract fulfillment assets 60 60 239 180
Decrease in current and non-current contract liabilities (75) (228) (1,322) 1,224
Increase (decrease) in accrued compensation expenses 353 (63) 181 10
Decrease in related parties (2) (50) (17) 19
Increase in current and non-current other liabilities 65 182 18 4
Net cash flows used in operating activities (1,230) (2,474) (10,009) (6,095)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of property and equipment (22) (15) (113) (118)
Withdrawal of short terms deposits 3,000 21,500 14,500
Investment in short term deposits (15,000) (26,500) (6,500)
Net cash flows used in investing activities (22) (12,015) (5,113) 7,882
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from issuance of shares and warrants (issuance expenses) 13,977 13,809
Net cash flows provided (used in) by financing activities 13,977 13,809
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (1,252) (512) (1,313) 1,787
BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR 8,945 10,099 10,099 8,581
PROFIT (LOSS) FROM EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (21) (4) 159 (269)
BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT THE END OF THE PERIOD 7,672 9,583 8,945 10,099
Non cash activities        
Right-of-use assets obtained in exchange for operating lease liabilities 87 83 1,506 155
Termination of right-of-use assets in exchange for cancellation of operating lease obligations $ (31) $ (52)