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

TAXES ON INCOME (Tables)

v3.22.1
TAXES ON INCOME (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Summary of Components of the Company's Deferred Tax Assets
   
December 31,
 
   
2021
   
2020
 
             
Deferred tax assets:
           
             
Net operating loss carryforward
 
$
72,116    
$
37,819  
Research and development costs carryforward
    18,357       15,997  
Accrued Expenses
    725       446  
Share-based compensation
    20       23  
Property and equipment
    155       -  
Other
    3,925       3,348  
                 
Total deferred tax assets
    95,298       57,633  
                 
Valuation allowance
    (95,264
)
    (57,621
)
                 
Deferred tax liabilities:
               
                 
Property and equipment
    -       (12
)
Other
    (34
)
    -  
                 
Total deferred tax liabilities
    (34
)
    (12
)
                 
Net deferred tax
 
$
-    
$
-  
Summary of Loss Before Taxes on Income
   
Year ended December 31,
 
   
2021
   
2020
   
2019
 
                   
Domestic
 
$
(153,091
)
 
$
(81,462
)
 
$
(67,306
)
Foreign
    (184
)
    134       15  
 
                       
Loss before taxes on income
 
$
(153,275
)
 
$
(81,328
)
 
$
(67,291
)
Summary of Income Taxes
 
   
Year ended December 31,
 
   
2021
   
2020
   
2019
 
                   
Current
 
$
284
   
$
183
   
$
10
 
                         
Domestic
   
232
     
128
     
-
 
Foreign
   
52
     
55
     
10
 
 
                       
Income taxes
 
$
284
   
$
183
   
$
10
 
Summary of Reconciliation of Effective Income Tax Rate
   
Year ended December 31,
 
   
2021
   
2020
   
2019
 
                   
Israel tax provision at statutory rate
    23.00
%
    23.00
%
    23.00
%
Non-deductible share-based compensation
    (2.00
)%
    (0.61
)%
    (0.63
)%
Effect of other permanent differences
    0.47
%
    (0.01
)%
    (0.06
)%
Change in valuation allowance
    (24.41
)%
    (22.86
)%
    (22.32
)%
Issuance costs
    3.68
%
    -       -  
Other adjustments
    0.93
%
    0.25
%
    -  
 
                       
Effective tax rate
    (0.19
)%
    (0.23
)%
    (0.01
)%