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, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 28,587 $ 54,171
Restricted cash 163 144
Short term bank deposits 15,402 400
Trade receivable 1,258 2,202
Prepaid expenses and other receivables 2,026 1,839
Total current assets 47,436 58,756
NON-CURRENT ASSETS:    
Operating lease right-of-use assets 1,740 465
Property and equipment, net 1,309 1,609
Total non-current assets 3,049 2,074
Total assets 50,485 60,830
CURRENT LIABILITIES:    
Trade payables 1,149 1,244
Operating lease liabilities 436 364
Employees and payroll accruals 2,916 2,861
Deferred revenue 351
Accrued expenses and other payables 1,710 5,609
Total current liabilities 6,211 10,429
LONG-TERM LIABILITIES:    
Operating lease liabilities 1,306 17
Warrant liabilities 875 1,631
Total long-term liabilities 2,181 1,648
SHAREHOLDERS’ EQUITY:    
Ordinary Shares, NIS 0.000216 par value; 130,000,000 authorized shares as of December 31, 2023 and 2022; 77,925,095 and 64,160,890 outstanding shares at December 31, 2023 and 2022, respectively [1]
Additional paid-in capital 245,733 208,893
Accumulated deficit (203,640) (160,140)
Total shareholders’ equity 42,093 48,753
Total liabilities and shareholders’ equity $ 50,485 $ 60,830
[1] Represents less than $1.