v3.25.2
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Loss for the period $ (1,474) $ (1,023)
Adjustments to reconcile loss for the period to net cash used in operating activities:    
Stock based compensation 141 306
Depreciation 7 13
Non-cash financial expenses (income) 933 (3)
Decrease in accounts receivable 49 45
Increase in deferred grant income 173
Decrease in trade and other payables (10) (68)
Net cash used in operating activities (181) (730)
Cash flows from financing activities    
Proceeds from short-term loan 39
Repayment of short-term loan (39)
Issuance of convertible loans 31
Proceeds from private placement of common stock and warrants. (see also note 4.8) 88 715
Net cash provided by financing activities 119 715
Effect of exchange rate changes on cash and cash equivalents (4) 1
Net decrease in cash and cash equivalents (66) (14)
Cash and cash equivalents as at the beginning of the period 129 767
Cash and cash equivalents as at the end of the period $ 63 $ 753

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