Report of foreign issuer [Rules 13a-16 and 15d-16]

Condensed Interim Consolidated Statements of Cash Flows (Unaudited)

v3.26.1
Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net Loss $ (18,516) $ (23,976)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation 243 267
Share-based compensation 2,222 5,573
Warrants to service providers 91 364
Revaluation of warrants (8) (7)
Revaluation of convertible bonds (477) 613
Finance income, net (1,857) (2,063)
Changes in operating assets and liabilities:    
Increase in trade receivable (236) (131)
Decrease (increase) in prepaid expenses and other receivables (48) 536
Operating lease ROU assets and liabilities, net (39) 104
Decrease in trade payables (374) (137)
Increase in employees and payroll accruals 414 287
Increase (decrease) in Derivative Liabilities / Assets (142) 247
Increase (decrease) in accrued expenses and other payables (1,841) 325
Net cash used in operating activities (20,568) (17,998)
Cash flows from investing activities:    
Change in bank deposits, net 4,710 (42,337)
Purchase of property and equipment (44) (84)
Net cash provided by (used in) investing activities 4,666 (42,421)
Cash flows from financing activities:    
Proceeds from issuance of ordinary shares, net of issuance costs 17,081 30,758
Proceeds from conversion of convertible debentures 21,696
Proceeds from exercise of warrants 493
Proceeds from exercise of options 56 440
Redemption of convertible bonds (233)
Net cash provided by financing activities 16,904 53,387
Increase (decrease) in cash, cash equivalents and restricted cash 1,002 (7,032)
Effect of exchange rate fluctuations on cash and cash equivalent 7 148
Cash, cash equivalents and restricted cash at the beginning of period 4,308 13,768
Cash, cash equivalents and restricted cash at the end of period 5,317 6,884
Supplemental non-cash disclosure:    
Purchase of property and equipment 22 37
Issuance of convertible bonds 21,837
Supplemental disclosure of cash flows activities:    
Interest paid $ 563 $ 287