Odysightai Inc
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
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FY2023 · Filed Mar 26, 2024
ODYS$1.70-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| USD in thousands | ||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | (9,445) | (9,468) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 284 | 251 |
| Stock based compensation | 1,664 | 1,638 |
| Profit (loss) from exchange differences on cash and cash equivalents | (159) | 269 |
| Interest and exchange differences from operating lease liability | - | (49) |
| Severance pay asset and liability | 50 | (8) |
| Interest income in respect of deposits | (49) | (34) |
| CHANGES IN OPERATING ASSET AND LIABILITY: | ||
| Increase in accounts receivable | (1,312) | (52) |
| Decrease (increase) in inventory | 126 | (463) |
| Increase in operating lease liability | (391) | (233) |
| Increase in ROU asset | 381 | 261 |
| Decrease (increase) in current and non-current other assets | (247) | 162 |
| Increase (decrease) in account payable | (10) | 194 |
| Decrease in contract fulfillment assets | 239 | 180 |
| Increase (decrease) in current and non-current contract liabilities | (1,322) | 1,224 |
| Increase in accrued compensation expenses | 181 | 10 |
| Increase (decrease) in related parties | (17) | 19 |
| Increase (decrease) in current and non-current other liabilities | 18 | 4 |
| Net cash flows used in operating activities | (10,009) | (6,095) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of property and equipment | (113) | (118) |
| Withdrawal of short terms deposits | 21,500 | 14,500 |
| Investment in short terms deposits | (26,500) | (6,500) |
| Net cash flows provided by (used in) investing activities | (5,113) | 7,882 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of shares and warrants | 13,809 | - |
| Net cash flows provided by financing activities | 13,809 | - |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (1,313) | 1,787 |
| BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 10,099 | 8,581 |
| PROFITS FROM EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS | 159 | (269) |
| BALANCE OF CASH AND CASH EQUIVALENTS AT END OF YEAR | 8,945 | 10,099 |
Non cash activities -
| Year ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| USD in thousands | ||
| Non cash activities | ||
| Right-of-use assets obtained in exchange for operating lease liabilities | 1,506 | 155 |
| Termination of right-of-use assets in exchange for cancellation of operating lease obligations | (52) | - |
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