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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 63,281 $ 76,374
Accounts receivable - Trade 693  
Other assets 2,321 1,667
Inventories 5,245 5,767
Assets of discontinued operation 327 2,073
Total current assets 71,867 85,881
FUNDS IN RESPECT OF EMPLOYEE RIGHTS UPON RETIREMENT 1,677 1,628
PROPERTY AND EQUIPMENT, NET 8,703 9,744
Total assets 82,247 97,253
Accounts payable and accruals:    
Trade 4,007 3,629
Other 7,496 5,534
Convertible notes 53,872  
Deferred revenues 837 504
Liabilities of discontinued operation 1,568
Total current liabilities 66,212 11,235
LONG TERM LIABILITIES:    
Convertible notes 19,343 67,796
Deferred revenues 744
Liability for employee rights upon retirement 2,348 2,304
Promissory note 4,301 4,301
Total long term liabilities 25,992 75,145
Total liabilities 92,204 86,380
COMMITMENTS (Note 6)
SHAREHOLDERS' EQUITY (CAPITAL DEFICIENCY):    
Common Stock, $0.001 par value: Authorized - as of December 31, 2015 and 2016, 150,000,000 and 250,000,000 shares; issued and outstanding, respectively - as of December 31, 2015 and 2016, 99,800,397 shares and 124,134,085 shares, respectively 124 100
Additional paid-in capital 202,575 194,064
Accumulated deficit (212,656) (183,291)
Total shareholders’ equity (capital deficiency) (9,957) 10,873
Total liabilities and shareholders’ equity (net of capital deficiency) $ 82,247 $ 97,253