Full Press Release Details
Consolidated Unaudited Statements of Financial Position as of:
| March 31 | December 31 | |||||||
| 2021 | 2020 | |||||||
| USD thousands | USD thousands | |||||||
| Assets | ||||||||
| Cash and cash equivalents | 10,195 | 11,247 | ||||||
| Short term deposits | 45,258 | 46,558 | ||||||
| Trade receivables | 500 | 500 | ||||||
| Other current assets | 1,489 | 977 | ||||||
| Total current assets | 57,442 | 59,282 | ||||||
| Non-current assets | ||||||||
| Right to use assets | 752 | 790 | ||||||
| Fixed assets, net | 207 | 178 | ||||||
| Long term deposits | 3,071 | 3,071 | ||||||
| Intangible assets | 20,482 | 20,482 | ||||||
| Total assets | 81,954 | 83,803 | ||||||
| Liabilities | ||||||||
| Lease liability - short term | 207 | 207 | ||||||
| Accounts payable | 1,335 | 1,198 | ||||||
| Other payables | 4,431 | 1,693 | ||||||
| Total current liabilities | 5,973 | 3,098 | ||||||
| Non-current liabilities | ||||||||
| Lease liability | 622 | 688 | ||||||
| Post-employment benefit liabilities | 265 | 265 | ||||||
| Total non-current liabilities | 887 | 953 | ||||||
| Equity | ||||||||
| Share capital, no par value | - | - | ||||||
| Share premium | 122,077 | 118,909 | ||||||
| Receipts on account of warrants | 28,017 | 29,984 | ||||||
| Capital reserve for share-based payments | 8,825 | 8,115 | ||||||
| Capital reserve from transactions with related parties | 761 | 761 | ||||||
| Capital reserve from transactions with non-controlling | ||||||||
| interest | (859 | ) | (859 | ) | ||||
| Accumulated loss | (84,068 | ) | (77,521 | ) | ||||
| Equity attributable to owners of the Company | 74,753 | 79,389 | ||||||
| Non-controlling interests | 341 | 363 | ||||||
| Total equity | 75,094 | 79,752 | ||||||
| Total liabilities and equity | 81,954 | 83,803 |
Consolidated Unaudited Statement of Operations for the period ended
| March 31 | ||||
| 2021 | ||||
| USD thousands | ||||
| Revenues | - | |||
| Research and development expenses | 5,007 | |||
| Sales, general and administrative expenses | 1,665 | |||
| Reimbursement of legal fees | (5 | ) | ||
| Total operating expenses | 6,667 | |||
| Operating loss | 6,667 | |||
| Expenses (income) on account of warrants | - | |||
| Finance expenses | 20 | |||
| Finance income | (118 | ) | ||
| Finance expenses (income), net | (98 | ) | ||
| Loss for the period | 6,569 | |||
| Loss attributable to: | ||||
| Owners of the Company | 6,547 | |||
| Non-controlling interests | 22 | |||
| 6,569 | ||||
| Loss per share data | ||||
| Basic and diluted loss per ADS - USD | 0.38 | |||
| Number of shares used in calculating basic and diluted loss per ADS | 17,377,241 |
Reconciliation of Adjusted Operating Loss
| March 31 | ||||
| 2021 | ||||
| USD thousands | ||||
| Operating loss for the period | 6,667 | |||
| Less ESOP expenses | (710 | ) | ||
| 5,957 |