Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (9,895) $ (3,730)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 127 63
Share-based compensation 316 229
Exchange rate changes in cash and cash equivalents and deposit 5 (452)
Changes in assets and liabilities:    
Increase in trade accounts receivable (362) (77)
Increase in inventory (891) (386)
Decrease (increase) in prepaid expenses and other receivables (2,030) 121
Decrease in prepaid expenses and other long-term assets 17
Increase in right of use assets (607) (81)
Increase in trade accounts payable 236 217
Increase in lease liabilities 577 92
Increase (decrease) in other current liabilities 60 (135)
Increase (decrease) in other long-term liabilities (141) 432
Net cash used in operating activities (12,605) (3,690)
Cash flows from investing activities:    
Realization of (Investment in) deposits 4,621 (4,432)
Investment of restricted deposits (296) (15)
Purchase of property and equipment (533) (223)
Net cash provided by (used in) investing activities 3,792 (4,670)
Cash flows from financing activities:    
Issuance of ordinary shares, net of issuance costs 14,586 5,847
Issuance of ordinary shares and pre-funded warrants, net of issuance costs 15,966
Exercise of options to ordinary shares 337 11
Net cash provided by financing activities 30,889 5,858
Increase (decrease) in cash and cash equivalents 22,076 (2,502)
Cash and cash equivalents beginning of the year 3,502 5,789
Effect of foreign exchange rate on cash and cash equivalents 43 215
Cash and cash equivalents end of the year $ 25,621 $ 3,502