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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Statements of cash flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| 2023 | 2022 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss for the year | (6,286) | (10,982) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 27 | 23 |
| Changes in fair value related to warrants to lenders and investors | (1,658) | 1,049 |
| Warrant issuance costs | 223 | - |
| Inventory write-downs | 239 | 147 |
| Exchange rate differences | (460) | (627) |
| Share-based compensation | 377 | 220 |
| Changes in fair value related to convertible loan | - | 1,648 |
| Changes in fair value related to convertible note | - | 1,753 |
| Interest expenses | 295 | 830 |
| Changes in operating assets and liabilities: | ||
| Trade receivables | 2,370 | (887) |
| Net change in operating lease assets and liabilities | 19 | (44) |
| Inventories | (1,585) | (429) |
| Prepaid expenses and other current assets | 357 | (280) |
| Other long-term assets | (100) | (492) |
| Trade payables | (25) | (139) |
| Deferred revenues | (188) | (25) |
| Other current liabilities | (172) | 508 |
| Other long-term liabilities | (10) | (41) |
| Net cash used in operating activities | (6,577) | (7,768) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Short term deposit, net | 1,418 | (1,622) |
| Long- term deposit | (56) | 66 |
| Proceeds from restricted long term bank deposits | 4,827 | |
| Deposit of restricted long-term bank deposits | (2,810) | (27) |
| Restricted short term bank deposit | 451 | (2,451) |
| Purchase of property and equipment | (9) | - |
| Net cash provided by (used in) investing activities | 3,821 | (4,034) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from exercise of options | - | 5 |
| Proceeds from initial public offering | - | 18,697 |
| Proceeds from issuance of common stocks, pre-funded warrants and warrants (see note 14d) | 5,000 | - |
| Underwriting discounts and commissions and other offering costs | (420) | (2,175) |
| Repurchase of common stock | (50) | |
| Repayment of long-term loan | (769) | (1,241) |
| Net cash provided by financing activities | 3,761 | 15,286 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 231 | (72) |
| INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 1,236 | 3,484 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR | 4,279 | 795 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR | 5,515 | 4,279 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH: | ||
| Cash and cash equivalents | 620 | 3,943 |
| Restricted cash equivalents, current | 1,565 | - |
| Restricted cash and cash equivalents, non-current | 3,330 | 336 |
| Total cash, cash equivalents and restricted cash | 5,515 | 4,279 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
| 2023 | 2022 | |
|---|---|---|
| SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for interest | 431 | 818 |
| SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS: | ||
| Right of use assets obtained in exchange for new operating lease liabilities | 702 | 237 |
| Conversion of convertible loan to common stock upon initial public offering | - | 6,553 |
| Conversion of convertible note to common stock upon initial public offering | - | 3,600 |
| Conversion of warrants to common stock upon initial public offering | - | 3,190 |
| Conversion of convertible redeemable preferred stock to common stock upon initial public offering | - | 5,585 |
| Repurchase of common stock | - | 15 |
| Issuance costs of common stock, pre-funded warrants and warrants | 159 | - |
| Reclassification of warrants from liability to equity upon amendment to private placement agreement (see Note 14(d)) | 314 | - |
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