10-K Filing

ENTERA BIO LTD. CIK: 1638097 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001178913-24-000881`
Period End Date	20231231
Filing Date	20240308
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	zk2431054_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 32 Cash Flow Statement 59 Stockholders Equity 15

Balance Sheet 57 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`	35.48M	shares	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	28.81M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.31M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$246.00K	USD	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	28.81M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	35.48M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$294.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$238.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$12.85M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$11.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$100.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$139.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$90.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$388.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$43.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$14.00K	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`	$508.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$13.13M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$11.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.00K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$874.00K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$1.23M	USD	Point-in-time
Current maturities of operating lease	`OperatingLeaseLiabilityCurrent`	$91.00K	USD	Point-in-time
Current maturities of operating lease	`OperatingLeaseLiabilityCurrent`	$134.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.34M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.09M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$256.00K	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`	$288.00K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`LiabilitiesNoncurrent`	$32.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.38M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.37M	USD	Point-in-time
Ordinary Shares, NIS 0.0000769 par value: Authorized - as of December 31, 2023 and December 31, 2022, 140,010,000 shares; issued and outstanding as of December 31, 2023, and December 31, 2022, 35,476,341 and 28,809,922 shares, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Ordinary Shares, NIS 0.0000769 par value: Authorized - as of December 31, 2023 and December 31, 2022, 140,010,000 shares; issued and outstanding as of December 31, 2023, and December 31, 2022, 35,476,341 and 28,809,922 shares, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$107.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$114.73M	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`	$-104.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-95.50M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$22.57M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$11.75M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$10.39M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$13.13M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$11.77M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$134.00K	USD	Annual
REVENUES	`Revenues`	-	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$101.00K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	-	USD	Annual
GROSS PROFIT	`GrossProfit`	-	USD	Annual
GROSS PROFIT	`GrossProfit`	$33.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$5.85M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$4.51M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$4.43M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$7.25M	USD	Annual
Other income	`OtherNonrecurringIncome`	$51.00K	USD	Annual
Other income	`OtherNonrecurringIncome`	$49.00K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$8.89M	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$13.05M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-8.89M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-13.02M	USD	Annual
FINANCIAL INCOME, net	`NonoperatingIncomeExpense`	$31.00K	USD	Annual
FINANCIAL INCOME, net	`NonoperatingIncomeExpense`	$83.00K	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.86M	USD	Annual
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.93M	USD	Annual
INCOME TAX EXPENSES	`IncomeTaxExpenseBenefit`	$137.00K	USD	Annual
INCOME TAX EXPENSES	`IncomeTaxExpenseBenefit`	$29.00K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-8.89M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-13.07M	USD	Annual
LOSS PER SHARE BASIC	`EarningsPerShareBasic`	$0.31	USD	Annual
LOSS PER SHARE BASIC	`EarningsPerShareBasic`	$0.45	USD	Annual
LOSS PER SHARE DILUTED	`EarningsPerShareDiluted`	$0.45	USD	Annual
LOSS PER SHARE DILUTED	`EarningsPerShareDiluted`	$0.31	USD	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 BASIC LOSS PER SHARE	`WeightedAverageNumberOfSharesOutstandingBasic`	29.01M	shares	Annual
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF DILUTED LOSS PER SHARE	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.81M	shares	Annual
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF DILUTED LOSS PER SHARE	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.01M	shares	Annual

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.89M	USD	Annual
Net loss	`NetIncomeLoss`	$-13.07M	USD	Annual
Depreciation	`Depreciation`	$56.00K	USD	Annual
Depreciation	`Depreciation`	$64.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$174.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$29.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$1.69M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$2.25M	USD	Annual
Finance income, net	`FinanceExpensesNet`	$-78.00K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$63.00K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-246.00K	USD	Annual
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-56.00K	USD	Annual
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$40.00K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$66.00K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-149.00K	USD	Annual
Decrease in accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.57M	USD	Annual
Decrease in accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-563.00K	USD	Annual
Decrease in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-15.00K	USD	Annual
Decrease in contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.31M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.50M	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`	$47.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-102.00K	USD	Annual
Proceeds from issuance of shares through ATM programs, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$5.00K	USD	Annual
Proceeds from issuance of shares through ATM programs, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Issuance of ordinary shares and warrants due to a private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$6.61M	USD	Annual
Issuance of ordinary shares and warrants due to a private placement	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Annual
Issuance costs	`PaymentsOfDebtIssuanceCosts`	$580.00K	USD	Annual
Exercise of options into shares	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Exercise of options into shares	`ProceedsFromStockOptionsExercised`	$13.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.04M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.00K	USD	Annual
DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.59M	USD	Annual
DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.29M	USD	Annual
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`	$12.38M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.09M	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`	$12.38M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.31M	USD	Point-in-time
Restricted deposits included in other current assets	`RestrictedCashAndCashEquivalents`	$66.00K	USD	Point-in-time
Restricted deposits included in other current assets	`RestrictedCashAndCashEquivalents`	$67.00K	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`	$12.38M	USD	Point-in-time
Total cash and cash equivalents and restricted deposits	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.09M	USD	Point-in-time
Interest received	`InterestReceived`	-	USD	Annual
Interest received	`InterestReceived`	$18.00K	USD	Annual
Income taxes paid in cash during the year	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid in cash during the year	`IncomeTaxesPaidNet`	$165.00K	USD	Annual
Issuance costs	`IssuanceCosts`	$470.00K	USD	Annual
Issuance costs	`IssuanceCosts`	-	USD	Annual
Operating lease right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities`	-	USD	Annual
Operating lease right of use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities`	$449.00K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
BALANCE	`StockholdersEquity`	$22.57M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$11.75M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$10.39M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-8.89M	USD	Annual
Net loss	`NetIncomeLoss`	$-13.07M	USD	Annual
Issuance of ordinary shares, warrants and pre-funded warrants due to a private placement, net of issuance costs	`IssuanceOfOrdinarySharesWarrantsAndPreFundedWarrantsDueToPrivatePlacementNetOfIssuanceCosts`	$5.83M	USD	Annual
Issuance of shares under the ATM program, net of issuance costs	`StockIssuedDuringPeriodValueIssuedForServices`	$5.00K	USD	Annual
Exercise of options to ordinary shares	`StockIssuedDuringPeriodValueStockOptionsExercised`	$13.00K	USD	Annual
Exercise of options to ordinary shares (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	0.00	shares	Annual
Exercise of options to ordinary shares (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	5,511.00	shares	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.69M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.25M	USD	Annual
BALANCE	`StockholdersEquity`	$22.57M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$11.75M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$10.39M	USD	Point-in-time

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