ACTELIS NETWORKS INC
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
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FY2023 · Filed Mar 26, 2024
ASNS$0.080.0%Stored close · as of Jul 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance sheets
CONSOLIDATED BALANCE SHEETS
| Note | 2023 | 2022 | |
|---|---|---|---|
| Assets | |||
| CURRENT ASSETS: | |||
| Cash and cash equivalents | 620 | 3,943 | |
| Restricted cash equivalents | 1,565 | - | |
| Short-term deposits | 197 | 1,622 | |
| Restricted bank deposits | - | 451 | |
| Trade receivables, net of allowance for credit losses of $168 and $125 as of December 31, 2023, and December 31, 2022, respectively | 664 | 3,034 | |
| Inventories | 3 | 2,526 | 1,179 |
| Prepaid expenses and other current assets, net of allowance for doubtful debts of $144 and $0 as of December 31, 2023, and December 31, 2022, respectively | 4 | 340 | 678 |
| TOTAL CURRENT ASSETS | 5,912 | 10,907 | |
| NON-CURRENT ASSETS: | |||
| Property and equipment, net | 5 | 61 | 80 |
| Prepaid expenses | 592 | 492 | |
| Restricted cash and cash equivalents | 3,330 | 336 | |
| Restricted bank deposits | 94 | 2,027 | |
| Severance pay fund | 238 | 239 | |
| Operating lease right of use assets | 6 | 918 | 726 |
| Long-term deposits | 78 | 12 | |
| TOTAL NON-CURRENT ASSETS | 5,311 | 3,912 | |
| TOTAL ASSETS | 11,223 | 14,819 | |
CONSOLIDATED BALANCE SHEETS (continued)
| Note | 2023 | 2022 | |
|---|---|---|---|
| Liabilities, Mezzanine Equity and shareholders’ equity | |||
| CURRENT LIABILITIES: | |||
| Current maturities of long-term loans | 8 | 1,335 | 553 |
| Trade payables | 1,769 | 1,781 | |
| Deferred revenues | 389 | 484 | |
| Employee and employee-related obligations | 737 | 793 | |
| Accrued royalties | 11 | 1,062 | 900 |
| Operating lease liabilities | 6 | 498 | 445 |
| Other current liabilities | 7 | 1,122 | 1,246 |
| TOTAL CURRENT LIABILITIES | 6,912 | 6,202 | |
| NON-CURRENT LIABILITIES: | |||
| Long-term loan, net of current maturities | 8 | 3,154 | 4,625 |
| Deferred revenues | 71 | 164 | |
| Operating lease liabilities | 405 | 237 | |
| Accrued severance | 270 | 278 | |
| Other long-term liabilities | 23 | 48 | |
| TOTAL NON-CURRENT LIABILITIES | 3,923 | 5,352 | |
| TOTAL LIABILITIES | 10,835 | 11,554 | |
| COMMITMENTS AND CONTINGENCIES | 11 | ||
| MEZZANINE EQUITY | |||
| Redeemable Convertible Preferred Stock $0.0001 par value, 10,000,000 authorized; None issued and outstanding as of December 31, 2023 and December 31, 2022. | - | - | |
| Warrants to Placement Agent | 14d | 159 | - |
| SHAREHOLDERS’ EQUITY : (*) | 14 | ||
| Common stock, $0.0001 par value: 30,000,000 shares authorized; 3,007,745 and 1,737,986 shares issued and outstanding as of December 31, 2023, and December 31, 2022, respectively. | 1 | 1 | |
| Non-voting common stock, $0.0001 par value: 2,803,774 shares authorized; No shares issued and outstanding as of December 31, 2023, and December 31, 2022. | - | - | |
| Additional paid-in capital | 39,916 | 36,666 | |
| Accumulated deficit | (39,688) | (33,402) | |
| TOTAL SHAREHOLDERS’ EQUITY | 229 | 3,265 | |
| TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY | 11,223 | 14,819 | |
| * | Adjusted to reflect reverse stock split, see note 2(ff). |
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