Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 13,488 $ 28,587
Restricted cash 280 163
Short term bank deposits 10,793 15,402
Trade receivable, net 153 1,258
Other assets - funds held in escrow 30,417
Prepaid expenses and other receivables 2,500 2,026
Total current assets 57,631 47,436
NON-CURRENT ASSETS:    
Operating lease right-of-use assets 1,782 1,740
Property and equipment, net 1,374 1,309
Total non-current assets 3,156 3,049
Total assets 60,787 50,485
CURRENT LIABILITIES:    
Trade payables 624 1,149
Operating lease liabilities 551 436
Employees and payroll accruals 3,283 2,916
Convertible bonds 30,614
Accrued expenses and other payables 1,334 1,710
Total current liabilities 36,406 6,211
LONG-TERM LIABILITIES:    
Operating lease liabilities 1,457 1,306
Warrant liabilities 428 875
Total long-term liabilities 1,885 2,181
8SHAREHOLDERS’ EQUITY:    
Ordinary Shares, NIS 0.000216 par value per share; 165,000,000 authorized shares as of December 31, 2024 and 130,000,000 as of December 31, 2023; 85,749,331 and 77,925,095 outstanding shares at December 31, 2024 and 2023, respectively [1]
Additional paid-in capital 275,453 245,733
Accumulated deficit (252,957) (203,640)
Total shareholders’ equity 22,496 42,093
Total liabilities and shareholders’ equity $ 60,787 $ 50,485
[1] Represents less than $1.