Full Press Release Details
Consolidated Unaudited Statements of Financial Position as of:
| September 30 | December 31 | |||||||
| 2021 | 2020 | |||||||
| USD thousands | USD thousands | |||||||
| Assets | ||||||||
| Cash and cash equivalents | 9,117 | 11,247 | ||||||
| Short term deposits | 36,447 | 46,558 | ||||||
| Trade receivables | 500 | 500 | ||||||
| Other current assets | 1,133 | 977 | ||||||
| Total current assets | 47,197 | 59,282 | ||||||
| Non-current assets | ||||||||
| Right to use assets | 658 | 790 | ||||||
| Fixed assets, net | 273 | 178 | ||||||
| Long term deposits | 5,018 | 3,071 | ||||||
| Intangible assets | 20,482 | 20,482 | ||||||
| Total assets | 73,628 | 83,803 | ||||||
| Liabilities | ||||||||
| Lease liability - short term | 199 | 207 | ||||||
| Accounts payable | 2,083 | 1,198 | ||||||
| Other payables | 1,144 | 1,693 | ||||||
| Total current liabilities | 3,426 | 3,098 | ||||||
| Non-current liabilities | ||||||||
| Lease liability | 563 | 688 | ||||||
| Post-employment benefit liabilities | 265 | 265 | ||||||
| Total non-current liabilities | 828 | 953 | ||||||
| Equity | ||||||||
| Share capital, no par value | - | - | ||||||
| Share premium | 122,214 | 118,909 | ||||||
| Receipts on account of warrants | 28,015 | 29,984 | ||||||
| Capital reserve for share-based payments | 9,764 | 8,115 | ||||||
| Capital reserve from transactions with related parties | 761 | 761 | ||||||
| Capital reserve from transactions with non-controlling | ||||||||
| interest | (859 | ) | (859 | ) | ||||
| Accumulated loss | (90,834 | ) | (77,521 | ) | ||||
| Equity attributable to owners of the Company | 69,061 | 79,389 | ||||||
| Non-controlling interests | 313 | 363 | ||||||
| Total equity | 69,374 | 79,752 | ||||||
| Total liabilities and equity | 73,628 | 83,803 |
Consolidated Unaudited Statement of Operations for the period ended
| 3 months ended in September | 9 months ended September 30 | |||||||
| 2021 | 2021 | |||||||
| USD thousands | USD thousands | |||||||
| Research and development expenses | 1,793 | 8,884 | ||||||
| Sales, general and administrative expenses | 1,403 | 4,599 | ||||||
| Total operating expenses | 3,196 | 13,483 | ||||||
| Operating loss | 3,196 | 13,483 | ||||||
| Expenses (income) on account of warrants | - | |||||||
| Finance expenses | 21 | 143 | ||||||
| Finance income | (68 | ) | (264 | ) | ||||
| Finance expenses (income), net | (47 | ) | (121 | ) | ||||
| Loss for the period | 3,149 | 13,362 | ||||||
| Loss attributable to: | ||||||||
| Owners of the Company | 3,137 | 13,313 | ||||||
| Non-controlling interests | 12 | 50 | ||||||
| 3,149 | 13,363 | |||||||
| Loss per share data | ||||||||
| Basic and diluted loss per ADS - USD | 0.20 | 0.76 | ||||||
| Number of shares used in calculating basic and diluted loss per ADS | 17,512,257 | 17,512,257 |
Reconciliation of Adjusted Operating Loss
| 3 months ended in September | 9 months ended September 30 | |||||||
| 2021 | 2021 | |||||||
| USD thousands | USD thousands | |||||||
| Operating loss for the period | 3,196 | 13,483 | ||||||
| Less ESOP expenses | (392 | ) | (1,777 | ) | ||||
| 2,804 | 11,706 |