2023 Q4 Form 20-F Financial Statement

#000121390024020767 Filed on March 07, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.453M $9.256M $11.25M
YoY Change -5.83% -17.7% 379.98%
% of Gross Profit
Research & Development $7.490M $26.42M $20.89M
YoY Change 39.22% 26.49% 82.49%
% of Gross Profit
Depreciation & Amortization $564.0K $1.074M $979.0K
YoY Change 11.9% 9.7% 26.16%
% of Gross Profit
Operating Expenses $9.943M $35.68M $32.14M
YoY Change 24.52% 11.03% 133.04%
Operating Profit -$35.68M -$32.14M
YoY Change 11.03% 133.04%
Interest Expense $2.586M $4.545M $2.203M
YoY Change -43.68% 106.31% -1196.02%
% of Operating Profit
Other Income/Expense, Net $1.994M $16.55K
YoY Change 11950.52% -100.12%
Pretax Income -$7.357M -$29.14M -$33.74M
YoY Change 116.83% -13.64% 23.76%
Income Tax $8.000K $16.00K $20.00K
% Of Pretax Income
Net Earnings -$7.365M -$29.16M -$33.76M
YoY Change 116.87% -13.64% 23.8%
Net Earnings / Revenue
Basic Earnings Per Share -$0.42 -$0.53
Diluted Earnings Per Share -$0.11 -$0.42 -$0.53
COMMON SHARES
Basic Shares Outstanding 69.67M shares 69.38M shares 63.53M shares
Diluted Shares Outstanding 69.38M shares 63.53M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $81.79M $81.79M $104.5M
YoY Change -21.76% -21.76% 233.79%
Cash & Equivalents $12.66M $12.66M $5.836M
Short-Term Investments $69.13M $69.13M $98.69M
Other Short-Term Assets $3.968M $3.949M $1.915M
YoY Change 103.8% 106.21% 46.97%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $85.76M $85.76M $106.5M
YoY Change -19.46% -19.46% 226.21%
LONG-TERM ASSETS
Property, Plant & Equipment $21.16M $21.16M $13.28M
YoY Change 183.24% 59.33% 76.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $471.0K $471.0K $391.0K
YoY Change 20.46% 20.46% -80.72%
Total Long-Term Assets $21.63M $21.63M $13.67M
YoY Change 58.22% 58.22% 42.8%
TOTAL ASSETS
Total Short-Term Assets $85.76M $85.76M $106.5M
Total Long-Term Assets $21.63M $21.63M $13.67M
Total Assets $107.4M $107.4M $120.1M
YoY Change -10.62% -10.62% 184.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.040M $2.566M $1.423M
YoY Change 324.46% 80.32% 13.75%
Accrued Expenses $1.062M $4.457M $2.852M
YoY Change -16.77% 56.28% -9.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.102M $7.102M $4.338M
YoY Change 63.72% 63.72% -1.52%
LONG-TERM LIABILITIES
Long-Term Debt $5.610M $5.610M $0.00
YoY Change
Other Long-Term Liabilities $10.20M $10.20M $10.15M
YoY Change 0.46% 0.46% -45.48%
Total Long-Term Liabilities $15.81M $15.81M $10.15M
YoY Change 55.71% 55.71% -45.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.102M $7.102M $4.338M
Total Long-Term Liabilities $15.81M $15.81M $10.15M
Total Liabilities $22.91M $22.91M $14.49M
YoY Change 58.11% 58.11% -37.07%
SHAREHOLDERS EQUITY
Retained Earnings -$115.8M
YoY Change 33.67%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $84.48M $84.48M $105.7M
YoY Change
Total Liabilities & Shareholders Equity $107.4M $107.4M $120.1M
YoY Change -10.62% -10.62% 184.61%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income -$7.365M -$29.16M -$33.76M
YoY Change 116.87% -13.64% 23.8%
Depreciation, Depletion And Amortization $564.0K $1.074M $979.0K
YoY Change 11.9% 9.7% 26.16%
Cash From Operating Activities -$8.038M -$17.96M -$23.88M
YoY Change -6.0% -24.8% 102.16%
INVESTING ACTIVITIES
Capital Expenditures $5.811M $6.401M $904.0K
YoY Change 2437.55% 608.08% -130.88%
Acquisitions
YoY Change
Other Investing Activities $19.52M $25.08M -$89.03M
YoY Change 557.78% -128.17% -501.05%
Cash From Investing Activities $13.71M $18.68M -$89.94M
YoY Change 400.62% -120.77% -566.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $49.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.297M 5.297M $96.91M
YoY Change 4944.76% -94.53% 87201.8%
NET CHANGE
Cash From Operating Activities -8.038M -17.96M -$23.88M
Cash From Investing Activities 13.71M 18.68M -$89.94M
Cash From Financing Activities 5.297M 5.297M $96.91M
Net Change In Cash 10.97M 6.021M -$17.17M
YoY Change -292.24% -135.07% -326.73%
FREE CASH FLOW
Cash From Operating Activities -$8.038M -$17.96M -$23.88M
Capital Expenditures $5.811M $6.401M $904.0K
Free Cash Flow -$13.85M -$24.36M -$24.78M
YoY Change 57.73% -1.71% 178.93%

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49000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
111000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
96905000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5297000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-258000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-50000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7680000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-17168000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5971000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16174000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23854000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6686000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23854000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6686000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12657000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
1000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
8000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
16000 usd
CY2021 drts Interest Received
InterestReceived
351000 usd
CY2022 drts Interest Received
InterestReceived
237000 usd
CY2023 drts Interest Received
InterestReceived
6160000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
52000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3304000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -56.7pt">NOTE 1: - GENERAL</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 56.7pt"></td><td style="width: 28.35pt">a.</td><td style="text-align: justify">Company description:</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: -28.35pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">Alpha Tau Medical Ltd. (“the Company”) is an Israeli clinical-stage oncology therapeutics company that focuses on research, development and commercialization of Alpha DaRT (Diffusing Alpha-emitters Radiation Therapy) for the treatment of solid cancer. The Company was established in November 2015 and began its operations in January 2016, and shortly thereafter acquired the full rights to the Alpha DaRT technology from Althera Medical Ltd., (“Althera”), developed in 2003 at Tel Aviv University.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">In August 2017 the Company established a fully owned subsidiary in the United States - “Alpha Tau Medical Inc.” (“ATM Inc.”). ATM Inc. began its activity in August 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">In January 2018 the Company established a subsidiary in Japan “Alpha Tau Medical KK” (hereafter: ATM KK). ATM KK began its activity in January 2018. Since July 2019, the Company holds 100% of ATM KK.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">In July 2019, the Company established a fully owned subsidiary in Canada “Alpha Tau Medical Canada Inc.” (“ATM Canada Inc.”). ATM Canada Inc. began its activity in March 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 56.7pt"></td><td style="width: 28.35pt">b.</td><td style="text-align: justify">Merger with Healthcare Capital Corp:</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">On July 7, 2021, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Healthcare Capital Corp., a Delaware corporation (“HCCC”), and Archery Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“Merger Sub”). As result of the Merger Agreement, the Merger Sub was merged with and into HCCC (the “Merger”) on March 7, 2022 (the “Closing Date”), with HCCC surviving the merger as a wholly owned subsidiary of the Company and the Company’s Ordinary shares, no par value per share and Public and Private Warrants (see note 8) began trading on the Nasdaq Capital Market on March 8, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">Concurrently with and following the execution of the Merger Agreement, the Company entered into Subscription Agreements, together with a number of subsequent agreements since with certain investors (the “PIPE Investors”), in which the Company consummated the sale of 9,251,006 Ordinary shares for gross proceeds of $92,510.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: -0.75pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">Total gross proceeds resulted from the Merger transaction were approximately $104,052, out of which total transaction costs amounted to approximately $5,713. The transaction costs related to the Warrants liability in the amount of $817 were recognized as expenses in the Company’s consolidated statements of operations. The residual amount was recognized as additional paid in capital.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">The Merger has been accounted for as a recapitalization, with no goodwill or other intangible assets recorded. It has been determined that the Company is the accounting acquire.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 56.7pt"></td><td style="width: 28.35pt">c.</td><td style="text-align: justify">The Company’s activities since inception have consisted of performing research and development activities. Successful completion of the Company’s development programs and, ultimately, the attainment of profitable operations are dependent on future events, including, among other things, its ability to secure financing; obtain further marketing approvals from regulatory authorities; access potential markets; and build a sustainable customer base; attract, retain and motivate qualified personnel; and develop strategic alliances. The Company’s operations are funded by its shareholders and research and development grants and the Company intends to seek further private or public financing as well as make applications for further research and development grants for continuing its operations. Although management believes that the Company will be able to successfully fund its operations, there can be no assurance that the Company will be able to do so or that the Company will ever operate profitably.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: -28.35pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">The Company expects to continue to incur substantial losses over the next several years during its clinical development phase. To fully execute its business plan, the Company will need to complete registrational clinical studies and certain development activities as well as manufacture the required clinical and commercial products in its manufacturing plants. Further, the Company will seek further regulatory approvals prior to commercialization and the Company will need to establish sales, marketing and logistic infrastructures. These activities may span many years and require substantial expenditures to complete and may ultimately be unsuccessful. Any delays in completing these activities could adversely impact the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">As of December 31, 2023, the Company had cash, cash equivalents, short-term deposits and restricted deposits of $84,940. During the year ended December 31, 2023, the Company incurred a net loss of $29,157 and had negative cash flows from operating activities of $17,958. In addition, the Company had an accumulated deficit of $115,759 on December 31, 2023. The Company believes that its existing capital resources will be adequate to satisfy its expected liquidity requirements for at least two years.</p>
CY2023 drts Gross Proceeds
GrossProceeds
104052000 usd
CY2023 us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
5713000 usd
CY2023Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
84940000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-29157000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17958000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2023 drts Liquidity Requirements
LiquidityRequirements
P2Y
CY2023 us-gaap Use Of Estimates
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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 56.7pt"></td><td style="width: 28.35pt">a.</td><td style="text-align: justify">Use of estimates for the preparation of financial statements:</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. On an ongoing basis, the Company’s management evaluates estimates, including those related to fair values of warrants, fair values of share-based awards, deferred taxes, and contingent liabilities. Such estimates are based on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5836000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12657000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
850000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6686000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12657000 usd
CY2023Q4 us-gaap Maturity Of Time Deposits
MaturityOfTimeDeposits
P1Y
CY2021 us-gaap Research And Development Arrangement With Federal Government Customer Funding To Offset Costs Incurred
ResearchAndDevelopmentArrangementWithFederalGovernmentCustomerFundingToOffsetCostsIncurred
2459000 usd
CY2022 us-gaap Research And Development Arrangement With Federal Government Customer Funding To Offset Costs Incurred
ResearchAndDevelopmentArrangementWithFederalGovernmentCustomerFundingToOffsetCostsIncurred
1343000 usd
CY2023 us-gaap Research And Development Arrangement With Federal Government Customer Funding To Offset Costs Incurred
ResearchAndDevelopmentArrangementWithFederalGovernmentCustomerFundingToOffsetCostsIncurred
841000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.50 pure
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 56.7pt"></td><td style="width: 28.35pt">r.</td><td style="text-align: justify">Concentration of credit risks:</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash and cash equivalents, restricted cash and short-term deposits and restricted deposits.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">Cash, cash equivalents, restricted cash, short-term deposits and restricted deposits are deposited in major banks in Israel, United States and Japan. Such investments in Israel and abroad may be in excess of insured limits and are not insured in other jurisdictions. Generally, cash and cash equivalents may be redeemed upon demand and, therefore, bear minimal risk.</p>
CY2023 drts Severance Pay Deposit Rate
SeverancePayDepositRate
8.33%
CY2021 us-gaap Severance Costs1
SeveranceCosts1
318000 usd
CY2022 us-gaap Severance Costs1
SeveranceCosts1
418000 usd
CY2023 us-gaap Severance Costs1
SeveranceCosts1
466000 usd
CY2022Q1 drts Assets And Lease Liabilities
AssetsAndLeaseLiabilities
6089000 usd
CY2023 drts Recently Issued Accounting Pronouncements Not Yet Adopted
RecentlyIssuedAccountingPronouncementsNotYetAdopted
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 56.7pt"></td><td style="width: 28.35pt">x.</td><td style="text-align: justify">Recently issued accounting pronouncements not yet adopted:</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">As an “emerging growth company”, the Jumpstart Our Business Startups Act (JOBS Act) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflect this election.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities to disclose information about their reportable segments’ significant expenses and other segment items on an interim and annual basis. Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing segment disclosures and reconciliation requirements in ASC 280 on an interim and annual basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2023-07.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 85.05pt; text-align: justify; text-indent: 0in">In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires public entities, on an annual basis, to provide disclosure of specific categories in the rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. For the Company, ASU 2023-09 is effective for fiscal years beginning after December 15, 2025, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2023-09.</p>
CY2022Q4 drts Government Authorities Receivable
GovernmentAuthoritiesReceivable
281000 usd
CY2023Q4 drts Government Authorities Receivable
GovernmentAuthoritiesReceivable
325000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
784000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
472000 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
32000 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
19000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1097000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
816000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9362000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15763000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1891000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2965000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7471000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2021 us-gaap Depreciation
Depreciation
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CY2022 us-gaap Depreciation
Depreciation
979000 usd
CY2023 us-gaap Depreciation
Depreciation
1074000 usd
CY2023 drts Non Cancellable Term
NonCancellableTerm
P49Y
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2022 us-gaap Lease Cost
LeaseCost
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CY2023 us-gaap Lease Cost
LeaseCost
1045000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1062000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4524000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6604000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y6M
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.058 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1097000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1040000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
899000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
894000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
900000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5841000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10671000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3005000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
7666000 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
907000 usd
CY2023Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1159000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1276000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2236000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
63000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
79000 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
2246000 usd
CY2023 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
9984 shares
CY2022 drts Sale Of Stock Number Of Warrants Issued In Transaction
SaleOfStockNumberOfWarrantsIssuedInTransaction
1160016 shares
CY2023 drts Sale Of Stock Number Of Warrants Issued In Transaction
SaleOfStockNumberOfWarrantsIssuedInTransaction
324 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2313976 shares
CY2023Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
3474000 usd
CY2023Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
7904 ils
CY2023Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2054 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
20263 ils
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
5248 usd
CY2023Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0046 pure
CY2023Q4 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.015 pure
CY2023 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
75000 usd
CY2023 drts Long Term Debt Currency Exchange Expenses
LongTermDebtCurrencyExchangeExpenses
338 usd
CY2023 us-gaap Debt Instrument Redemption Description
DebtInstrumentRedemptionDescription
In whole and not in part; ●At a price of $0.01 per warrant; ●Upon not less than 30 days’ prior written notice of redemption (the “30-day redemption period”) to each warrant holder; and ●If, and only if, the closing price of the Ordinary shares equals or exceeds $18.00 per share (subject to standard adjustments) for any 20 trading days within a 30-trading day period ending three business days before the Company sends to the notice of redemption to the warrant holders. 
CY2023Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
13739186 shares
CY2023 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
14270797 shares
CY2023 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
53964000 usd
CY2023Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
3.87
CY2023Q4 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
3880777 shares
CY2023 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
3.87
CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1556817 shares
CY2023Q4 drts Short Term Bank Loans And Note Payable
ShortTermBankLoansAndNotePayable
3152 usd
CY2023Q4 drts Aggregate Amount
aggregateAmount
5445 usd
CY2023 drts Royalty Rate
RoyaltyRate
0.07 pure
CY2021Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.905292 pure
CY2023Q4 drts Shares Number Of Votes
SharesNumberOfVotes
1 pure
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
812000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6748000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7926000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
14396000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
9.81
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
8.08
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
3.47
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
4.45
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
3.76
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
1.87
CY2023 drts Warrants Issued To Investors Description
WarrantsIssuedToInvestorsDescription
(i)As part of the 2018 SPA, the Company granted 9,053 Warrants to Ordinary shares to a public service foundation in Israel. The Warrants were exercised on July 15, 2021 into 9,053 Ordinary shares for no consideration. (ii)In July 2019, as part of the investment round of HekaBio K.K, the investors received 651,067 Warrants to Ordinary shares with an exercise price of $5.04 to be exercise within 4 years from grant date. During the year ended December 31, 2022, all 651,067 Warrants were exercised into 308,540 ordinary shares of the Company. (iii)Upon completion of the Merger, the 3,880,777 warrants convertible into Preferred A Shares of the Company were converted into an identical number of warrants convertible into ordinary shares of the Company until September 2024 at an exercise price of $3.87 (see also notes 2 n and 10 b).
CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1556817 shares
CY2023 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
9984 shares
CY2022 drts Sale Of Stock Number Of Warrants Issued In Transaction
SaleOfStockNumberOfWarrantsIssuedInTransaction
1160016 shares
CY2023 drts Sale Of Stock Number Of Warrants Issued In Transaction
SaleOfStockNumberOfWarrantsIssuedInTransaction
324 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2313976 shares
CY2016Q2 drts Sale Of Stock Number Of Warrants Issued In Transaction
SaleOfStockNumberOfWarrantsIssuedInTransaction
67897 shares
CY2016Q2 us-gaap Debt Instrument Term
DebtInstrumentTerm
P7Y
CY2023Q1 drts Sale Of Stock Number Of Warrants Issued In Transaction
SaleOfStockNumberOfWarrantsIssuedInTransaction
67897 shares
CY2023Q1 drts Number Of Warrants Exercised
NumberOfWarrantsExercised
67897 shares
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
642000 usd
CY2021 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
412000 usd
CY2023 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
210000 usd
CY2023 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
75000 usd
CY2021 drts Fair Value Adjustment Of Warrants Expenses
FairValueAdjustmentOfWarrantsExpenses
13257000 usd
CY2022 drts Fair Value Adjustment Of Warrants Expenses
FairValueAdjustmentOfWarrantsExpenses
3788000 usd
CY2021 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
16000 usd
CY2022 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
21000 usd
CY2023 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
39000 usd
CY2021 drts Total Financial Expenses
TotalFinancialExpenses
13685000 usd
CY2022 drts Total Financial Expenses
TotalFinancialExpenses
3809000 usd
CY2023 drts Total Financial Expenses
TotalFinancialExpenses
324000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
413000 usd
CY2021 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
211000 usd
CY2022 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
1790000 usd
CY2023 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
4830000 usd
CY2023 drts Remeasurement Of Warrants
RemeasurementOfWarrants
-2033000 usd
CY2021 drts Financial Income Total
FinancialIncomeTotal
211000 usd
CY2022 drts Financial Income Total
FinancialIncomeTotal
2203000 usd
CY2023 drts Financial Income Total
FinancialIncomeTotal
6863000 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-13474000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1606000 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6539000 usd
CY2023 drts Reduced Tax Rates
ReducedTaxRates
0.075 pure
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
27089000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
33100000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
28224000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
175000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
916000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-27264000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-33742000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-29141000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
7000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
20000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
16000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
20000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
16000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
56012000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Returns And Allowances
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReturnsAndAllowances
22000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Returns And Allowances
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReturnsAndAllowances
28000 usd
CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
1018000 usd
CY2023Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
1363000 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
50000 usd
CY2023Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
4000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
94000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
140000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
473000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1041000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
3950000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4372000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
5607000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
6948000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5084000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5837000 usd
CY2022Q4 drts Deferred Tax Assets Tax Deferred Expense Rou Asset
DeferredTaxAssetsTaxDeferredExpenseROUAsset
523000 usd
CY2023Q4 drts Deferred Tax Assets Tax Deferred Expense Rou Asset
DeferredTaxAssetsTaxDeferredExpenseROUAsset
1111000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-27271000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-33762000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-29157000 usd
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40534697 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63534875 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69377922 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.67
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.53
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25349049 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27234182 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
29395579 shares
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
13281000 usd
CY2023Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
21161000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
usd
CY2022 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
usd
CY2021 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
usd
CY2022 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
usd
CY2023 drts Fair Value Adjustment Of Warrants Expenses
FairValueAdjustmentOfWarrantsExpenses
usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
usd
CY2022 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
265000 usd
CY2023 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
982000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
114000 usd
CY2023 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
usd
CY2022Q4 us-gaap Restricted Investments Current
RestrictedInvestmentsCurrent
usd
CY2022Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
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CY2022Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2023Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.53
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.67
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40534697 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63534875 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69377922 shares
CY2021 drts Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2023 drts Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
usd
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
usd
CY2021 us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
usd
CY2022 us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
usd
CY2021 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
usd
CY2022 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
usd
CY2021 drts Proceeds From Spac Merger And Pipe Financing Net Of Transaction Cost
ProceedsFromSPACMergerAndPIPEFinancingNetOfTransactionCost
usd
CY2023 drts Proceeds From Spac Merger And Pipe Financing Net Of Transaction Cost
ProceedsFromSPACMergerAndPIPEFinancingNetOfTransactionCost
usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
usd
CY2023 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
usd
CY2021 drts Current Israel Expense Benefits
CurrentIsraelExpenseBenefits
usd
CY2022 drts Current Israel Expense Benefits
CurrentIsraelExpenseBenefits
usd
CY2023 drts Current Israel Expense Benefits
CurrentIsraelExpenseBenefits
usd
CY2021 drts Domestic Israel Tax Expense Benefit
DomesticIsraelTaxExpenseBenefit
usd
CY2022 drts Domestic Israel Tax Expense Benefit
DomesticIsraelTaxExpenseBenefit
usd
CY2023 drts Domestic Israel Tax Expense Benefit
DomesticIsraelTaxExpenseBenefit
usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40534697 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63534875 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69377922 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.53
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.67
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001871321

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