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

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 54,171 $ 100,811
Restricted cash 144 125
Short term bank deposits 400  
Trade receivable 2,202 187
Prepaid expenses and other receivables 1,839 3,058
Total current assets 58,756 104,181
NON-CURRENT ASSETS:    
Operating lease right-of-use assets 465  
Property and equipment, net 1,609 1,165
Total non-current assets 2,074 1,165
Total assets 60,830 105,346
CURRENT LIABILITIES:    
Short-term loan 4,916
Trade payables 1,244 2,005
Operating lease liabilities 364  
Employees and payroll accruals 2,861 3,095
Deferred revenue 351 726
Accrued expenses and other payables 5,609 4,725
Total current liabilities 10,429 15,467
LONG-TERM LIABILITIES:    
Operating lease liabilities 17  
Warrant liabilities 1,631 10,056
Total long-term liabilities 1,648 10,056
SHAREHOLDERS’ EQUITY:    
Ordinary Shares, NIS 0.000216 par value; 130,000,000 and 130,000,000 authorized shares; 64,160,890 and 63,016,856 outstanding shares at December 31, 2022 and 2021, respectively [1]
Additional paid-in capital 208,893 199,469
Accumulated deficit (160,140) (119,646)
Total shareholders’ equity 48,753 79,823 [2]
Total liabilities and shareholders’ equity $ 60,830 $ 105,346
[1] Represents less than $1.
[2] Prior period share information has been retroactively adjusted to reflect the 1:46.25783 stock split and the changes in par value from NIS 0.01 NIS to 0.000216 effected on October 7, 2021. See Note 1(d).