For example, Foresight is using forward-looking statements in this press release when it discusses the belief that the Company’s collaborations address safety and efficiency challenges in complex environments and underscore the Company’s commitment to advancing urban mobility and smart city solutions, that its collaboration with SoftBank and a Japanese automaker positions Eye-Net’s technology as a "game-changer” in the ADAS market upon its potential successful completion with the incorporation of the Company’s technology into the automaker’s mass-produced vehicles, the belief that the Company’s accomplishments reinforces its leadership in perception systems and lay a strong foundation for future growth, the belief that the integration of the Company’s ScaleCam stereoscopic vision system into SUNWAY's autonomous logistics and robotic vehicles will enhance the ability of vehicles to navigate complex indoor and outdoor environments, improving operational efficiency and safety and that the Company plans to deliver the first batch of ScaleCam systems by the end of 2024, and the aims of the BuilderX agreement, including the aim to incorporate both visible-light and thermal cameras to enable full autonomous capabilities for BuilderX's machinery which may enhance performance and safety in heavy industrial operations, and the prospective result of the potential success of the collaboration.
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWU.S.dollars in thousands Nine months ended September 30, Three months ended September 30, 2024 2023 2024 2023 Cash Flows from operating activities Loss for the period (8,038) (14,857) (3,330) (4,206) Adjustments to reconcile loss to net cash provided by (used in) operating activities: (397) 3,524 21 855 Net cash used in operating activities (8,435) (11,333) (3,309) (3,351) Cash Flows from Investing Activities Changes in short term deposits - 7,216 - 663 Proceeds from sales of marketable securities 1,847 - - - Purchase of fixed assets (55) (115) (23) (14) Net cash provided by (used in) investing activities 1,792 7,101 (23) 649 Cash Flows from Financing Activities Issuance of ordinary shares, net of issuance expenses 45 137 143 137 Net cash provided by financing activities 45 137 143 137 Effect of exchange rate changes on cash and cash equivalents (198) (982) 63 (367) Decrease in cash, cash equivalents and restricted cash (6,796) (5,077) (3,126) (2,932)Cash, cash equivalents and restricted cash at the beginning of the period 15,734 19,275 12,064 17,130 Cash, cash equivalents and restricted cash at the end of the period 8,938 14,198 8,938 14,198 FORESIGHT AUTONOMOUS HOLDINGS LTD.
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S.dollars in thousands Adjustments to reconcile loss to net cash used in operating activities: Nine months ended September 30, Three months ended September 30, 2024 2023 2024 2023 Share-based payment 535 1,182 252 425 Depreciation 153 189 44 64 Revaluation of marketable equity securities (1,388) 1,575 5 31 Exchange rate changes on cash and cash equivalents 198 982 (63) 367 Changes in assets and liabilities: Increase in trade receivables (122) - (219) - Decrease (Increase) in other receivables (112) 294 (143) (69)Increase (decrease) in trade payables 145 (64) 41 9 Changes in operating lease liability 123 (486) 106 (320)Increase (decrease) in other accounts payable 71 (148) (2) 348 Adjustments to reconcile loss to net cash provided by (used in) operating activities (397) 3,524 21 855 FORESIGHT AUTONOMOUS HOLDINGS LTD.
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