Odysightai Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 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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Consolidated Statements of Cash Flows
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three months ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Unaudited | ||
| USD in thousands | ||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | (3,162) | (2,686) |
| Adjustments to reconcile net loss to net cash used in operations: | ||
| Depreciation | 33 | 155 |
| Stock based compensation | 500 | 348 |
| Severance pay asset and liability | - | 54 |
| Interest and exchange differences from operating lease liability | (17) | (9) |
| Loss from exchange differences on cash and cash equivalents | 21 | 4 |
| Interest income in respect of deposits | (132) | 42 |
| CHANGES IN OPERATING ASSET AND LIABILITY ITEMS: | ||
| Decrease (increase) in accounts receivable | 1,249 | (1) |
| Increase in inventory | (100) | (63) |
| Decrease in operating lease liability | (114) | (48) |
| Decrease in ROU asset | 109 | 44 |
| Increase in current and non-current other assets | (130) | (283) |
| Increase in account payables | 112 | 68 |
| Decrease in related parties | (2) | (50) |
| Decrease in contract fulfillment assets | 60 | 60 |
| Decrease in current and non-current contract liabilities | (75) | (228) |
| Increase (decrease) in accrued compensation expenses | 353 | (63) |
| Increase in current and non-current other liabilities | 65 | 182 |
| Net cash flows used in operating activities | (1,230) | (2,474) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of property and equipment | (22) | (15) |
| Withdrawal of short terms deposits | - | 3,000 |
| Investment in short term deposits | - | (15,000) |
| Net cash flows used in investing activities | (22) | (12,015) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of shares and warrants (issuance expenses) | - | 13,977 |
| Net cash flows provided (used in) by financing activities | - | 13,977 |
| DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | (1,252) | (512) |
| BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR | 8,945 | 10,099 |
| LOSS FROM EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | (21) | (4) |
| BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT THE END OF THE PERIOD | 7,672 | 9,583 |
**SUPPLEMENTAL INFORMATION FOR CASH FLOW: **
Non cash activities -
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Unaudited | ||
| USD in thousands | ||
| Right-of-use assets obtained in exchange for operating lease liabilities | 87 | 83 |
| Termination of right-of-use assets in exchange for cancellation of operating lease obligations | (31) | - |
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