Odysightai Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 14, 2024
ODYS$1.75-1.1%Stored close · as of Nov 9, 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
| Nine months ended September 30, | Three months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Unaudited | ||||
| USD in thousands | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net loss | (8,211) | (8,104) | (2,867) | (2,542) |
| Adjustments to reconcile net loss to net cash used in operations: | ||||
| Depreciation | 92 | 239 | 28 | 47 |
| Stock based compensation | 1,500 | 1,056 | 537 | 371 |
| Severance pay asset and liability | (14) | 53 | (1) | (1) |
| Interest and exchange differences from operating lease liability | (29) | (78) | 13 | (56) |
| Loss (Profit) from exchange differences on cash and cash equivalents | 11 | 64 | (29) | 11 |
| Interest income in respect of deposits | 96 | (22) | - | 167 |
| Changes in operating assets and liability items: | ||||
| Decrease (increase) in accounts receivable | 460 | 60 | (154) | 158 |
| Decrease (increase) in inventory | 176 | (152) | 111 | (58) |
| Decrease in operating lease liability | (340) | (225) | (114) | (115) |
| Decrease in right-of-use asset | 338 | 211 | 111 | 117 |
| Decrease (increase)in other current and non-current assets | (202) | (292) | 23 | 95 |
| Increase (decrease) in accounts payable | 14 | (4) | 9 | (481) |
| Increase (decrease) in related parties | 10 | (6) | 9 | 5 |
| Decrease in contract fulfillment assets | 133 | 179 | 13 | 60 |
| Decrease in current and non-current contract liabilities | (228) | (793) | (101) | (110) |
| Increase in accrued compensation expenses | 606 | 396 | 187 | 307 |
| Increase (decrease) in other current and non-current liabilities | 66 | 80 | 26 | (230) |
| Net cash flows used in operating activities | (5,522) | (7,338) | (2,199) | (2,255) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Purchase of property and equipment | (38) | (94) | (8) | (37) |
| Withdrawal of short terms deposits | 8,000 | 18,000 | - | 15,000 |
| Investment in short term deposits | - | (18,500) | - | - |
| Net cash flows provided by (used in) investing activities | 7,962 | (594) | (8) | 14,963 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Proceeds from issuance of shares and warrants | 9,850 | 13,835 | 9,850 | (78) |
| Net cash flows provided by (used in) financing activities | 9,850 | 13,835 | 9,850 | (78) |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | 12,290 | 5,903 | 7,643 | 12,630 |
| BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF THE PERIOD | 8,945 | 10,099 | 13,552 | 3,319 |
| LOSS (PROFIT) FROM EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | (11) | (64) | 29 | (11) |
| BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT THE END OF THE PERIOD | 21,224 | 15,938 | 21,224 | 15,938 |
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Non-cash activities -
| Nine months ended September 30, | Three months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Unaudited | ||||
| USD in thousands | ||||
| Non cash activities | ||||
| Right-of-use assets obtained in exchange for operating lease liabilities | 167 | 1,577 | 47 | 1,112 |
| Termination of right-of-use assets in exchange for cancellation of operating lease obligations | (55) | (52) | - | (27) |
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