Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 49,950 $ 72,792
Short term deposits 0 34,720
Restricted deposits 8 8
Trade receivables 2,506 1,021
Inventories 2,164 1,341
Prepaid expenses and other current assets 3,287 1,918
Total current assets 57,915 111,800
LONG-TERM ASSETS:    
Restricted deposits 864 627
Other long-term assets 537 98
Property and equipment, net 13,245 11,339
Total long-term assets 14,646 12,064
Total assets 72,561 123,864
CURRENT LIABILITIES:    
Trade payables 7,751 7,145
Advances from customers and deferred revenues 1,661 463
Employees and payroll accruals 5,528 3,417
Accrued expenses and other current liabilities 2,854 3,674
Total current liabilities 17,794 14,699
LONG-TERM LIABILITIES:    
Loan, net of current maturities 2,224 2,325
Long-term advances from customers and deferred revenues 3,473 3,473
Total long-term liabilities 5,697 5,798
CONVERTIBLE PREFERRED SHARES    
Total convertible preferred shares 272,815 249,081
SHAREHOLDERS' DEFICIT:    
Ordinary Shares of no-par value: Authorized: 179,872,754 and 107,265,966 shares as of December 31, 2020 and 2019, respectively; Issued and outstanding: 16,948,226 and 15,855,287 shares as of December 31, 2020 and 2019, respectively. [1]
Additional paid-in capital 7,658 4,178
Accumulated deficit (231,403) (149,892)
Total shareholders' deficit (223,745) (145,714)
Total liabilities, convertible preferred shares and shareholders' deficit 72,561 123,864
Series A Convertible Preferred Shares [Member]    
CONVERTIBLE PREFERRED SHARES    
Total convertible preferred shares 9,000 9,000
Series B Convertible Preferred Shares [Member]    
CONVERTIBLE PREFERRED SHARES    
Total convertible preferred shares 66,348 66,348
Series B-1 Convertible Preferred Shares [Member]    
CONVERTIBLE PREFERRED SHARES    
Total convertible preferred shares 12,500 12,500
Series C Convertible Preferred Shares [Member]    
CONVERTIBLE PREFERRED SHARES    
Total convertible preferred shares 161,233 161,233
Series C-1 Convertible Preferred Shares [Member]    
CONVERTIBLE PREFERRED SHARES    
Total convertible preferred shares $ 23,734 $ 0
[1] Represents amounts lower than $1.