v3.25.1
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Loss for the period $ (773) $ (657)
Adjustments to reconcile loss for the period to net cash used in operating activities:    
Stock based compensation 54 206
Depreciation 3 9
Non-cash financial expenses 520 3
Decrease in accounts receivable 46 27
Increase in trade and other payables 40 54
Net cash used in operating activities (110) (358)
Cash flows from Financing activities    
Proceeds from short-term loan 39
Repayment of short-term loan (39)
Issuance of convertible loans 31
Net cash provided from financing activities 31
Effect of exchange rate changes on cash and cash equivalents 1 (1)
Net decrease in cash and cash equivalents (78) (359)
Cash and cash equivalents as at the beginning of the period 129 767
Cash and cash equivalents as at the end of the period $ 51 $ 408

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