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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (14,385) $ (10,089) $ (22,599)
Adjustments required to reconcile net loss to net cash used in operating activities:      
Stock-based compensation 1,288 1,052  
Depreciation 561 721  
Increase (decrease) in severance pay, net 15 (14)  
Loss (gain) from property and equipment disposal (148) 52  
Exchange rate differences on short-term and long-term operating lease liability 168  
Decrease (increase) in interest receivables from short-term bank deposits 60 (27)  
Decrease (increase) in other accounts receivable and prepaid expenses 231 (558)  
Decrease (increase) in long-term prepaid expenses 11 (26)  
Increase (decrease) in trade payables and other accounts payable and accrued expenses (3,950) 1,040  
Decrease in deferred participation in R&D expenses (265)  
Net cash used in operating activities (16,414) (7,849)  
Cash flows from investing activities:      
Proceeds from maturity of short-term bank deposits 29,603 10,900  
Investment in short-term bank deposits (21,200) (39,106)  
Purchase of property and equipment (29) (128)  
Proceeds from sales of property and equipment 284 2  
Net cash provided by (used in) investing activities 8,658 (28,332)  
Cash flows from financing activities:      
Proceeds from issuance of ordinary shares and warrants, net 7,123 20,055  
Proceeds from exercise of options 396 545  
Net cash provided by financing activities 7,519 20,600  
Increase (decrease) in cash, cash equivalents and restricted cash (237) (15,581)  
Cash, cash equivalents and restricted cash at the beginning of the period 6,466 26,520 26,520
Cash, cash equivalents and restricted cash at the end of the period 6,229 10,939 $ 6,466
Supplemental disclosure of non-cash investing and financing activities:      
Changes in receivables from foreign currency derivative contracts (17)  
Purchase of property and equipment 64  
Proceeds from issuance of ordinary shares and warrants, net 130 296  
Right-of-use assets obtained in exchange for new operating lease liability 5,049  
Cash payments for operating leases $ 784