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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (5,475) $ 1,667
Adjustments required to reconcile net income (loss) to net cash used in operating activities:    
Share-based compensation 816 431
Depreciation 286 376
Financial income, net (mainly exchange differences) (168) (241)
Changes in accrued liability for employee rights upon retirement 42 44
Loss (gain) on amounts funded in respect of employee rights upon retirement (14) 59
Gain on sale of fixed assets (51)  
Amortization of debt issuance costs and debt discount 945 820
Changes in operating assets and liabilities:    
Decrease in contracts liability (including non-current portion) (3,692) (7,171)
Increase in accounts receivable and other assets (2,282) (4,091)
Changes in right of use assets 42 10
Increase in inventories (833) (1,333)
Increase in accounts payable and accruals 575 2,611
Decrease in other long term liabilities (25) (299)
Net cash used in operating activities (9,834) (7,117)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of bank deposits (37,835) (35,000)
Proceeds from sale of short-term deposits 7,500  
Purchase of property and equipment (386) (66)
Proceeds from sale of property and equipment 53  
Decrease in restricted deposit 12 22
Amounts funded in respect of employee rights upon retirement, net (28) (35)
Net cash used in investing activities (30,684) (35,079)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net payment for promissory note (4,086)  
Proceeds from issuance of common stock and warrants, net 37,625 38,607
Proceeds from issuance of common stock under the Sales Agreement, net 8,575  
Net cash provided by financing activities 42,114 38,607
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (31) (37)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,565 (3,626)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 18,265 17,792
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF PERIOD 19,830 14,166
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:    
Purchase of property and equipment 202 147
Right of use assets obtained in exchange for new operating lease liabilities 122 233
Note receivable from issuance of common stock and warrants, net of issuance cost   $ 2,736
SUPPLEMENTARY DISCLOSURE ON CASH FLOWS    
Interest received $ 136