10-K Filing

ENTERA BIO LTD. CIK: 1638097 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001178913-22-000994`
Period End Date	20211231
Filing Date	20220308
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	zk2227416_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 28 Cash Flow Statement 54 Stockholders Equity 20

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Ordinary share, par value	`CommonStockParOrStatedValuePerShare`	0.00	ILS	Point-in-time
Ordinary share, par value	`CommonStockParOrStatedValuePerShare`	0.00	ILS	Point-in-time
Ordinary shares, authorized	`CommonStockSharesAuthorized`	140.01M	shares	Point-in-time
Ordinary shares, authorized	`CommonStockSharesAuthorized`	140.01M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.89M	USD	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	21.06M	shares	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	28.80M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.59M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$255.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$183.00K	USD	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	21.06M	shares	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	28.80M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$254.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$261.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$9.11M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$25.33M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$156.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$192.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$239.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$374.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$217.00K	USD	Point-in-time
Funds in respect of employee rights upon retirement	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$46.00K	USD	Point-in-time
Funds in respect of employee rights upon retirement	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$47.00K	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`AssetsNoncurrent`	$613.00K	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`AssetsNoncurrent`	$658.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$9.72M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$25.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$164.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$166.00K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$2.80M	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$1.33M	USD	Point-in-time
Current maturities of operating lease	`OperatingLeaseLiabilityCurrent`	$189.00K	USD	Point-in-time
Current maturities of operating lease	`OperatingLeaseLiabilityCurrent`	$179.00K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$158.00K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$15.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.84M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.16M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$123.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$243.00K	USD	Point-in-time
Liability for employee rights upon retirement	`PostemploymentBenefitsLiabilityNoncurrent`	$128.00K	USD	Point-in-time
Liability for employee rights upon retirement	`PostemploymentBenefitsLiabilityNoncurrent`	$138.00K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`LiabilitiesNoncurrent`	$371.00K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`LiabilitiesNoncurrent`	$261.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.42M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.21M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary Shares, NIS 0.0000769 par value: Authorized - as of December 31, 2021 and December 31, 2020, 140,010,000 shares; issued and outstanding: - as of December 31, 2021, and December 31, 2020 28,804,411 and 21,057,922 shares, respectively	`CommonStockValue`	-	USD	Point-in-time
Ordinary Shares, NIS 0.0000769 par value: Authorized - as of December 31, 2021 and December 31, 2020, 140,010,000 shares; issued and outstanding: - as of December 31, 2021, and December 31, 2020 28,804,411 and 21,057,922 shares, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$77.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$104.95M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$41.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$41.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-70.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-82.43M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$7.51M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$13.77M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$22.57M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$9.72M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$25.99M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$571.00K	USD	Annual
REVENUES	`Revenues`	$365.00K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$373.00K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$300.00K	USD	Annual
GROSS PROFIT	`GrossProfit`	$65.00K	USD	Annual
GROSS PROFIT	`GrossProfit`	$198.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$6.38M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$6.77M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$4.85M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.69M	USD	Annual
Other income	`OtherNonrecurringIncome`	$46.00K	USD	Annual
Other income	`OtherNonrecurringIncome`	-	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$12.41M	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$11.23M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-11.17M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-12.22M	USD	Annual
FINANCIAL EXPENSES, net	`NonoperatingIncomeExpense`	$-29.00K	USD	Annual
FINANCIAL EXPENSES, net	`NonoperatingIncomeExpense`	$-28.00K	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.20M	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.25M	USD	Annual
INCOME TAX (BENEFIT) EXPENSE	`IncomeTaxExpenseBenefit`	$-59.00K	USD	Annual
INCOME TAX (BENEFIT) EXPENSE	`IncomeTaxExpenseBenefit`	$20.00K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-12.19M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-11.22M	USD	Annual
LOSS PER SHARE BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$0.47	USD	Annual
LOSS PER SHARE BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$0.67	USD	Annual
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.42M	shares	Annual
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.13M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.19M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.22M	USD	Annual
Depreciation	`Depreciation`	$63.00K	USD	Annual
Depreciation	`Depreciation`	$53.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-217.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$1.86M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$901.00K	USD	Annual
Finance expenses (income), net	`FinanceExpensesNet`	$18.00K	USD	Annual
Finance expenses (income), net	`FinanceExpensesNet`	$46.00K	USD	Annual
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.00K	USD	Annual
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-72.00K	USD	Annual
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$55.00K	USD	Annual
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.00K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.00K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-170.00K	USD	Annual
Increase (decrease) in accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.47M	USD	Annual
Increase (decrease) in accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-40.00K	USD	Annual
Increase (decrease) in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-109.00K	USD	Annual
Increase (decrease) in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-143.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.06M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.56M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$53.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.00K	USD	Annual
Proceeds from issuance of shares and warrants, net of issuance costs	`ProceedsFromIssuanceOfSharesAndWarrantsNetOfIssuanceCosts`	$796.00K	USD	Annual
Proceeds from issuance of shares and warrants, net of issuance costs	`ProceedsFromIssuanceOfSharesAndWarrantsNetOfIssuanceCosts`	-	USD	Annual
Proceeds from issuance of shares through ATM programs, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$3.19M	USD	Annual
Proceeds from issuance of shares through ATM programs, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$21.80M	USD	Annual
Exercise of options and warrants into shares	`ProceedsFromOptionsAndWarrantExercises`	$68.00K	USD	Annual
Exercise of options and warrants into shares	`ProceedsFromOptionsAndWarrantExercises`	$3.58M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.38M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.05M	USD	Annual
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$16.30M	USD	Annual
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.56M	USD	Annual
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.22M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.96M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.22M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.59M	USD	Point-in-time
Restricted deposits included in other current assets	`RestrictedCashAndCashEquivalents`	$70.00K	USD	Point-in-time
Restricted deposits included in other current assets	`RestrictedCashAndCashEquivalents`	$72.00K	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.22M	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.96M	USD	Point-in-time
Income taxes paid in cash during the year	`IncomeTaxesPaidNet`	$89.00K	USD	Annual
Income taxes paid in cash during the year	`IncomeTaxesPaidNet`	$2.00K	USD	Annual
Cashless exercise of warrants	`CashlessExerciseOfWarrants`	-	USD	Annual
Operating lease right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities`	$258.00K	USD	Annual
Operating lease right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities`	$31.00K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$7.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$13.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.57M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-12.19M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.22M	USD	Annual
Issuance of ordinary shares and warrants due to a private placement net of issuance costs	`IssuanceOfOrdinarySharesAndWarrantsDueToPrivatePlacementNetOfIssuanceCosts`	$796.00K	USD	Annual
Issuance of shares due to the ATM program, net of issuance costs	`StockIssuedDuringPeriodValueIssuedForServices`	$21.80M	USD	Annual
Issuance of shares due to the ATM program, net of issuance costs	`StockIssuedDuringPeriodValueIssuedForServices`	$3.19M	USD	Annual
Exercise of options to ordinary shares	`StockIssuedDuringPeriodValueStockOptionsExercised`	$418.00K	USD	Annual
Exercise of options to ordinary shares	`StockIssuedDuringPeriodValueStockOptionsExercised`	$68.00K	USD	Annual
Exercise of options to ordinary shares (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	31,954.00	shares	Annual
Exercise of options to ordinary shares (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	177,710.00	shares	Annual
Exercise of warrants to ordinary shares	`ExerciseOfWarrantsValue`	$3.16M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$901.00K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.86M	USD	Annual
Vested restricted share units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	-	USD	Annual
Vested restricted share units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	-	USD	Annual
Balance	`StockholdersEquity`	$7.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$13.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.57M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.