10-Q Filing

ENTERA BIO LTD. CIK: 1638097 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001178913-22-001917`
Period End Date	20220331
Filing Date	20220512
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	zk2227758_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 28 Cash Flow Statement 53 Stockholders Equity 16

Balance Sheet 63 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`	28.80M	shares	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	28.80M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.38M	USD	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	28.80M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$210.00K	USD	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	28.80M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$183.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.32M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$254.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$25.33M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$21.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$163.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$156.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$239.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$212.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$250.00K	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`	$46.00K	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`AssetsNoncurrent`	$671.00K	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`AssetsNoncurrent`	$658.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$22.31M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$25.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$166.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$199.00K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$2.80M	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$1.99M	USD	Point-in-time
Current maturities of operating lease	`OperatingLeaseLiabilityCurrent`	$179.00K	USD	Point-in-time
Current maturities of operating lease	`OperatingLeaseLiabilityCurrent`	$142.00K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$15.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.16M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.33M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$123.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$98.00K	USD	Point-in-time
Liability for employee rights upon retirement	`PostemploymentBenefitsLiabilityNoncurrent`	$135.00K	USD	Point-in-time
Liability for employee rights upon retirement	`PostemploymentBenefitsLiabilityNoncurrent`	$138.00K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`LiabilitiesNoncurrent`	$261.00K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`LiabilitiesNoncurrent`	$233.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.57M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.42M	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 March 31, 2022 and December 31, 2021, 140,010,000 shares; issued and outstanding: - as of March 31, 2022, and December 31, 2021 28,804,411 shares.	`CommonStockValue`	-	USD	Point-in-time
Ordinary Shares, NIS 0.0000769 par value: Authorized - as of March 31, 2022 and December 31, 2021, 140,010,000 shares; issued and outstanding: - as of March 31, 2022, and December 31, 2021 28,804,411 shares.	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$105.91M	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`	$-82.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-86.21M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$7.51M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$19.75M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$15.65M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$22.57M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$22.31M	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`	$157.00K	USD	1 Quarter
REVENUES	`Revenues`	$68.00K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$54.00K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$73.00K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$14.00K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$84.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.69M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.12M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.31M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.17M	USD	1 Quarter
Other income	`OtherNonrecurringIncome`	$10.00K	USD	1 Quarter
Other income	`OtherNonrecurringIncome`	$12.00K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.42M	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$3.85M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-3.83M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-2.34M	USD	1 Quarter
FINANCIAL INCOME, NET	`NonoperatingIncomeExpense`	$29.00K	USD	1 Quarter
FINANCIAL INCOME, NET	`NonoperatingIncomeExpense`	$44.00K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.79M	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.31M	USD	1 Quarter
INCOME TAX, BENEFIT	`IncomeTaxExpenseBenefit`	$-7.00K	USD	1 Quarter
INCOME TAX, BENEFIT	`IncomeTaxExpenseBenefit`	$-14.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-3.78M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.30M	USD	1 Quarter
LOSS PER SHARE BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$0.10	USD	1 Quarter
LOSS PER SHARE BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$0.13	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.89M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.80M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.78M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.30M	USD	1 Quarter
Depreciation	`Depreciation`	$9.00K	USD	1 Quarter
Depreciation	`Depreciation`	$16.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-33.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-52.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$964.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$327.00K	USD	1 Quarter
Finance income, net	`FinanceExpensesNet`	$-39.00K	USD	1 Quarter
Finance income, net	`FinanceExpensesNet`	$-19.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-240.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$27.00K	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.10M	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$777.00K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$276.00K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$33.00K	USD	1 Quarter
Increase (decrease) in accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-808.00K	USD	1 Quarter
Increase (decrease) in accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$114.00K	USD	1 Quarter
Decrease in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-143.00K	USD	1 Quarter
Decrease in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-15.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.32M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.79M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.00K	USD	1 Quarter
Proceeds from issuance of shares through ATM programs, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of shares through ATM programs, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$9.86M	USD	1 Quarter
Exercise of options and warrants into shares	`ProceedsFromOptionsAndWarrantExercises`	-	USD	1 Quarter
Exercise of options and warrants into shares	`ProceedsFromOptionsAndWarrantExercises`	$251.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.11M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.82M	USD	1 Quarter
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.79M	USD	1 Quarter
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.15M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.96M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.45M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.15M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.96M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.45M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.38M	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`	$40.00K	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.15M	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.96M	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.45M	USD	Point-in-time
Total cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
Operating lease right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities`	$31.00K	USD	1 Quarter
Operating lease right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities`	-	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$7.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.57M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-3.78M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.30M	USD	1 Quarter
Issuance of shares due to the ATM program, net of issuance costs	`StockIssuedDuringPeriodValueIssuedForServices`	$9.86M	USD	1 Quarter
Exercise of options to ordinary shares	`StockIssuedDuringPeriodValueStockOptionsExercised`	$227.00K	USD	1 Quarter
Exercise of warrants to ordinary shares	`ExerciseOfWarrantsValue`	$24.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$327.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$964.00K	USD	1 Quarter
Vested restricted share units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	-	USD	1 Quarter
Balance	`StockholdersEquity`	$7.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.65M	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.