v3.23.3
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Loss for the period $ (3,638) $ (2,644)
Adjustments to reconcile loss for the period to net cash used in operating activities:    
Stock based compensation 1,258 226
Depreciation 17 10
Accrued financial income (11) (18)
Increase in accounts receivable (28) (16)
Decrease in trade and other payables (76) (154)
Net cash used in operating activities (2,478) (2,596)
Cash flows from investing activities    
Purchase of property and equipment (1) (48)
Investment in restricted deposit (9)
Net cash used in investing activities (1) (57)
Cash flows from financing activities    
Proceeds from private placement of common stock and warrants, net (see also note 1.B) 1,000 3,625
Net cash provided by financing activities 1,000 3,625
Effect of exchange rate changes on cash and cash equivalents 1 (1)
Net (decrease) increase in cash and cash equivalents (1,478) 971
Cash and cash equivalents as at the beginning of the period 3,002 2,815
Cash and cash equivalents as at the end of the period $ 1,524 $ 3,786

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