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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (14,863) $ (21,474)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Share based compensation 1,419 683
Depreciation 1,811 2,418
Financial expenses, net (mainly exchange differences) 102 869
Changes in accrued liability for employee rights upon retirement 16 149
Loss (Gain) on amounts funded in respect of employee rights upon retirement 28 (25)
Amortization of debt issuance costs and debt discount 333 332
Changes in operating assets and liabilities:    
Decrease in deferred revenues (including non-current portion) (2,018) (6,172)
Increase in accounts receivable and other assets (3,187) (578)
Decrease in inventories 328 1,127
Decrease in accounts payable and accruals (including long term ) (4,396) (1,736)
Net cash used in operating activities (20,427) (24,407)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment $ (460) (617)
Investment in restricted deposit (93)
Amounts funded in respect of employee rights upon retirement, net $ (56) (122)
Net cash used in investing activities (516) (832)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Exercise of options 534 43
Net cash provided by financing activities 534 43
EFFECT OF EXCHANGE RATE CHANGES ON CASH (110) (885)
NET DECREASE IN CASH AND CASH EQUIVALENTS (20,519) (26,081)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 54,767 86,398
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF PERIOD 34,248 60,317
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:    
Purchase of property and equipment 146 122
SUPPLEMENTARY DISCLOSURE ON CASH FLOWS    
Interest paid $ 3,105 $ 3,079