10-K Filing

ENTERA BIO LTD. CIK: 1638097 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001178913-23-001272`
Period End Date	20221231
Filing Date	20230331
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	zk2329447_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 32 Cash Flow Statement 53 Stockholders Equity 17

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
Ordinary shares, issued	`CommonStockSharesIssued`	28.80M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.89M	USD	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	28.81M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.31M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$183.00K	USD	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	28.80M	shares	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	28.81M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$246.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$294.00K	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`	$12.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$139.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$156.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$90.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$239.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$217.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$43.00K	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`	$6.00K	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`AssetsNoncurrent`	$658.00K	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`AssetsNoncurrent`	$278.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$13.13M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$25.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.00K	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`	$1.23M	USD	Point-in-time
Current maturities of operating lease	`OperatingLeaseLiabilityCurrent`	$179.00K	USD	Point-in-time
Current maturities of operating lease	`OperatingLeaseLiabilityCurrent`	$91.00K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$15.00K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.16M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.34M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$123.00K	USD	Point-in-time
Liability for employee rights upon retirement	`PostemploymentBenefitsLiabilityNoncurrent`	$138.00K	USD	Point-in-time
Liability for employee rights upon retirement	`PostemploymentBenefitsLiabilityNoncurrent`	$32.00K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`LiabilitiesNoncurrent`	$261.00K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`LiabilitiesNoncurrent`	$32.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.42M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.37M	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, 2022 and December 31, 2021, 140,010,000 shares; issued and outstanding as of December 31, 2022, and December 31, 2021 28,809,922 and 28,804,411 shares, respectively	`CommonStockValue`	-	USD	Point-in-time
Ordinary Shares, NIS 0.0000769 par value: Authorized - as of December 31, 2022 and December 31, 2021, 140,010,000 shares; issued and outstanding as of December 31, 2022, and December 31, 2021 28,809,922 and 28,804,411 shares, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$107.21M	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`	$-95.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-82.43M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$11.75M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$22.57M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$7.51M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$25.99M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$13.13M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$134.00K	USD	Annual
REVENUES	`Revenues`	$571.00K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$373.00K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$101.00K	USD	Annual
GROSS PROFIT	`GrossProfit`	$33.00K	USD	Annual
GROSS PROFIT	`GrossProfit`	$198.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$5.85M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$6.77M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$7.25M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.69M	USD	Annual
Other income	`OtherNonrecurringIncome`	$51.00K	USD	Annual
Other income	`OtherNonrecurringIncome`	$46.00K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$12.41M	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$13.05M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-13.02M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-12.22M	USD	Annual
FINANCIAL EXPENSES (INCOME), net	`NonoperatingIncomeExpense`	$-29.00K	USD	Annual
FINANCIAL EXPENSES (INCOME), net	`NonoperatingIncomeExpense`	$83.00K	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.93M	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.25M	USD	Annual
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$137.00K	USD	Annual
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-59.00K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-12.19M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-13.07M	USD	Annual
LOSS PER SHARE BASIC	`EarningsPerShareBasic`	$0.45	USD	Annual
LOSS PER SHARE BASIC	`EarningsPerShareBasic`	$0.47	USD	Annual
LOSS PER SHARE DILUTED	`EarningsPerShareDiluted`	$0.47	USD	Annual
LOSS PER SHARE DILUTED	`EarningsPerShareDiluted`	$0.45	USD	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF BASIC LOSS PER SHARE	`WeightedAverageNumberOfSharesOutstandingBasic`	26.13M	shares	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF BASIC LOSS PER SHARE	`WeightedAverageNumberOfSharesOutstandingBasic`	28.81M	shares	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF DILUTED LOSS PER SHARE	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.13M	shares	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF DILUTED LOSS PER SHARE	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.81M	shares	Annual

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.19M	USD	Annual
Net loss	`NetIncomeLoss`	$-13.07M	USD	Annual
Depreciation	`Depreciation`	$64.00K	USD	Annual
Depreciation	`Depreciation`	$53.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$174.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-217.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$2.25M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$1.86M	USD	Annual
Finance expenses (income), net	`FinanceExpensesNet`	$-78.00K	USD	Annual
Finance expenses (income), net	`FinanceExpensesNet`	$18.00K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-72.00K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$63.00K	USD	Annual
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.00K	USD	Annual
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$40.00K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.00K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-149.00K	USD	Annual
Increase (decrease) in accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.47M	USD	Annual
Increase (decrease) in accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.57M	USD	Annual
Decrease in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-143.00K	USD	Annual
Decrease in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-15.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.50M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.06M	USD	Annual
Funds with respect to employee rights upon retirement	`FundsInRespectOfEmployeeRightsUponRetirement`	$55.00K	USD	Annual
Funds with respect to employee rights upon retirement	`FundsInRespectOfEmployeeRightsUponRetirement`	-	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-102.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.00K	USD	Annual
Proceeds from issuance of shares through ATM programs, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$21.80M	USD	Annual
Proceeds from issuance of shares through ATM programs, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Exercise of options and warrants into shares	`ProceedsFromOptionsAndWarrantExercises`	$3.58M	USD	Annual
Exercise of options and warrants into shares	`ProceedsFromOptionsAndWarrantExercises`	$13.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.38M	USD	Annual
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.59M	USD	Annual
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$16.30M	USD	Annual
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	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 BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END 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 and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.31M	USD	Point-in-time
Restricted deposits included in other current assets	`RestrictedCashAndCashEquivalents`	$67.00K	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 deposits	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time
Total cash and cash equivalents and restricted deposits	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.96M	USD	Point-in-time
Total cash and cash equivalents and restricted deposits	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
Income taxes paid in cash during the year	`IncomeTaxesPaidNet`	$165.00K	USD	Annual
Income taxes paid in cash during the year	`IncomeTaxesPaidNet`	$2.00K	USD	Annual
Operating lease right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities`	$31.00K	USD	Annual
Operating lease right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities`	-	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
BALANCE	`StockholdersEquity`	$11.75M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$22.57M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$7.51M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-12.19M	USD	Annual
Net loss	`NetIncomeLoss`	$-13.07M	USD	Annual
Exercise of warrants to ordinary shares	`ExerciseOfWarrantsValue`	$3.16M	USD	Annual
Issuance of shares due to the ATM program, net of issuance costs	`StockIssuedDuringPeriodValueIssuedForServices`	$21.80M	USD	Annual
Exercise of options to ordinary shares	`StockIssuedDuringPeriodValueStockOptionsExercised`	$418.00K	USD	Annual
Exercise of options to ordinary shares	`StockIssuedDuringPeriodValueStockOptionsExercised`	$13.00K	USD	Annual
Exercise of options to ordinary shares (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	177,710.00	shares	Annual
Exercise of options to ordinary shares (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	5,511.00	shares	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.25M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.86M	USD	Annual
Vested restricted share units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	-	USD	Annual
BALANCE	`StockholdersEquity`	$11.75M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$22.57M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$7.51M	USD	Point-in-time

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