10-Q Filing

ENTERA BIO LTD. CIK: 1638097 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001178913-23-001715`
Period End Date	20230331
Filing Date	20230505
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	zk2329583_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 32 Cash Flow Statement 45 Stockholders Equity 12

Balance Sheet 59 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`	$20.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.69M	USD	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	28.81M	shares	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	28.81M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.31M	USD	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	28.81M	shares	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	28.81M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$246.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$29.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$294.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$653.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$12.85M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$11.37M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$139.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$136.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$90.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$48.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$43.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$43.00K	USD	Point-in-time
Funds in respect of employee rights upon retirement	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$6.00K	USD	Point-in-time
Funds in respect of employee rights upon retirement	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$6.00K	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`AssetsNoncurrent`	$278.00K	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`AssetsNoncurrent`	$233.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$11.61M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$13.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$150.00K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$1.23M	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$1.30M	USD	Point-in-time
Current maturities of operating lease	`OperatingLeaseLiabilityCurrent`	$48.00K	USD	Point-in-time
Current maturities of operating lease	`OperatingLeaseLiabilityCurrent`	$91.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.49M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.34M	USD	Point-in-time
Liability for employee rights upon retirement	`PostemploymentBenefitsLiabilityNoncurrent`	$32.00K	USD	Point-in-time
Liability for employee rights upon retirement	`PostemploymentBenefitsLiabilityNoncurrent`	$32.00K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`LiabilitiesNoncurrent`	$32.00K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`LiabilitiesNoncurrent`	$32.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.37M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.53M	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, 2023 and December 31, 2022, 140,010,000 shares; issued and outstanding - as of March 31, 2023 and December 31, 2022, 28,809,922	`CommonStockValue`	-	USD	Point-in-time
Ordinary Shares, NIS 0.0000769 par value: Authorized - as of March 31, 2023 and December 31, 2022, 140,010,000 shares; issued and outstanding - as of March 31, 2023 and December 31, 2022, 28,809,922	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$107.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$107.21M	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`	$-97.69M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$19.75M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$11.75M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$10.08M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$22.57M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$13.13M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$11.61M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	$68.00K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$54.00K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$14.00K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.69M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$931.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.17M	USD	1 Quarter
Other income	`OtherNonrecurringIncome`	$13.00K	USD	1 Quarter
Other income	`OtherNonrecurringIncome`	$12.00K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.21M	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$3.85M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-3.83M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-2.21M	USD	1 Quarter
FINANCIAL INCOME, NET	`NonoperatingIncomeExpense`	$22.00K	USD	1 Quarter
FINANCIAL INCOME, NET	`NonoperatingIncomeExpense`	$44.00K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.19M	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.79M	USD	1 Quarter
INCOME TAX BENEFIT	`IncomeTaxExpenseBenefit`	$-7.00K	USD	1 Quarter
INCOME TAX BENEFIT	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-3.78M	USD	1 Quarter
LOSS PER SHARE BASIC	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
LOSS PER SHARE BASIC	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
LOSS PER SHARE DILUTED	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
LOSS PER SHARE DILUTED	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF BASIC LOSS PER SHARE	`WeightedAverageNumberOfSharesOutstandingBasic`	28.80M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF BASIC LOSS PER SHARE	`WeightedAverageNumberOfSharesOutstandingBasic`	28.81M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF DILUTED LOSS PER SHARE	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.80M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF DILUTED LOSS PER SHARE	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.81M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.78M	USD	1 Quarter
Depreciation	`Depreciation`	$16.00K	USD	1 Quarter
Depreciation	`Depreciation`	$14.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-33.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$516.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$964.00K	USD	1 Quarter
Finance income, net	`FinanceExpensesNet`	$-39.00K	USD	1 Quarter
Finance income, net	`FinanceExpensesNet`	$-3.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-217.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$27.00K	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$359.00K	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.10M	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$133.00K	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`	$63.00K	USD	1 Quarter
Decrease in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	1 Quarter
Decrease in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-15.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.79M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.61M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.00K	USD	1 Quarter
DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.82M	USD	1 Quarter
DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.62M	USD	1 Quarter
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`	$20.15M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.76M	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`	$20.15M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.31M	USD	Point-in-time
Restricted deposits included in other current assets	`RestrictedCashAndCashEquivalents`	$40.00K	USD	Point-in-time
Restricted deposits included in other current assets	`RestrictedCashAndCashEquivalents`	$65.00K	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`	$20.15M	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`	$10.76M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$19.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.57M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.78M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$516.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$964.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$19.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.08M	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.