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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ (885) $ (677) $ 8
Adjustments required to reconcile net loss to net cash (used in) provided by operating activities:      
Depreciation of property and equipment 46 10
Stock based compensation 120 10 $ 58
Decrease (increase) in other current assets (98) (11) 17
Increase (decrease) in current liabilities 42 56 (43)
Decrease (increase) in fair value of investment in BioCancell and gain/loss on sale of BioCancell securities 35 245 (574)
Net cash used in operating activities $ (740) (367) (534)
Cash flows from investing activities:      
Proceeds from sale of BioCancell securities 67 $ 420
Purchase of property and equipment $ (25) (98)
Net cash provided by (used for) investing activities (25) $ (31) $ 420
Cash flows from finance activities:      
Issuance of share capital 603
Net cash provided by finance activities 603
Decrease in cash and cash equivalents (162) $ (398) $ (114)
Cash and cash equivalents at the beginning of the year 8,722 9,120 9,234
Cash and cash equivalents at the end of the year $ 8,560 $ 8,722 $ 9,120