Cash Flow

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (17,557) $ (4,638)  
Adjustments required to reconcile net loss to net cash used in operating activities:      
Depreciation 156 7  
Liability for minimum royalties 12 9  
Stock-based compensation (see Note 4B11 and Note 5) 235 832  
Expiration of call options to acquire potential acquiree (See Note 6) 1,000  
Share in losses of affiliated company 66  
Modification of terms relating to straight loan transaction (see Note 3D and Note 6)) (6)  
Modification of terms relating to convertible bridge loans transactions (3,463)  
Direct and incremental issuance costs allocated to conversion feature of convertible bridge loan (see Note 3B) 169  
Exchange differences relating to loans from shareholders (9)  
Change in fair value of convertible bridge loans (See Note 6) 11,976 4,369  
Amortization of discounts and accrued interest on convertible bridge loans (See Note 6) 3,057  
Amortization of discounts and accrued interest on straight loans (See Note 6) 861 292  
Change in fair value of derivative warrants liability and fair value of warrants expired (See Note 6) (201) 919  
Change in fair value of liability related to conversion feature of convertible bridge loans (See Note 6) (977)  
Increase in trade receivables (41)  
Increase in inventories (1,054)  
Decrease (increase) in other current assets 670 (47)  
Increase (decrease) in accounts payable (389) 100  
Decrease in deferred revenues (844)  
Increase (decrease) in other current liabilities 687 (46)  
Net cash used in operating activities (3,180) (675)  
Cash flows from investing activities:      
Purchase of property and equipment (658)  
Investment in other company (231)  
Net cash used in investing activities (889)  
Cash flows from financing activities:      
Proceeds from straight loans, net (see also Note 3A and Note 3F) 1,677 697  
Repayment of Receivables financing facility (1,056)  
Repayment of straight loans (941)  
Repayment of convertible bridge loans (677)  
Proceeds from issuance of units consisting of convertible bridge loans and stock warrants, net (see Note 3B and Note 3E) 4,012  
Proceeds from issuance of units consisting of ordinary shares and stock warrants 30  
Proceeds from issuance of ordinary shares through equity line (see Note 4B8) 255  
Net cash provided by financing activities 3,270 727  
Change in cash, cash equivalents (799) 52  
Cash, cash equivalents at beginning of period 935 17 $ 17
Cash, cash equivalents at end of period 136 69 $ 935
Supplemental disclosure of non-cash activities:      
Purchasing of property and equipment included in accounts payable 95  
Issuance of ordinary shares as collateral for loan repayment (see Note 4B10) 870  
Partial conversion of convertible bridge loans and liability related to conversion feature of convertible bridge loans into ordinary shares (see Note 4B9) 6,870 1,586  
Fair value of derivative warrants liability and convertible bridge loans classified into equity in connection with convertible bridge loans converted 333  
Issuance of stock warrants as part of convertible bridge loan received (see Note 3B) 792 466  
Issuance of ordinary shares upon modification of terms relating to convertible straight loan transaction (see Note 3D) $ 88  

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