XML 24 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (14,665) $ (3,420) $ (2,724)
Adjustments required to reconcile net loss to net cash used in operating activities:      
Depreciation of property, plant and equipment 89 91 89
Loss from sale of property, plant and equipment 15    
Change in liability for employees right upon retirement 58 42 42
Financial expenses (income) 897 94 (224)
Share-based compensation expenses 9,590 1,620 562
Loss (gains) on amounts funded in respect of employee rights upon retirement, net 8 (11) (10)
Changes in operating asset and liability items:      
Decrease (increase) in prepaid expenses (69) 36 (32)
Decrease (increase) in trade receivables (1,432) 337 (969)
Decrease (increase) in other receivables (50) 9 (27)
Decrease in inventory on consignment 261 722 330
Increase in inventory on hand (357) (758) (241)
Increase (decrease) in trade payables (371) 196 612
Decrease in deferred revenues (398) (1,577) (507)
Increase (decrease) in other payable and advance payment from customers 421 (91) 1,554
Net cash used in operating activities (6,003) (2,710) (1,545)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Decrease (increase) in restricted cash 159 52 (272)
Purchase of property, plant and equipment (139) (81) (34)
Proceeds from sale of property, plant and equipment 41   4
Amounts funded in respect of employee rights upon retirement, net (48) (17) (44)
Net cash provided (used) in investing activities 13 (46) (346)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of shares and warrants, net of issuance costs of $1,014, $78 and $11 in the years ended December 31, 2011, 2010 and 2009, respectively 10,564 2,245 976
Exercise of options 1,500    
Proceeds from long-term loan, net of $41 issuance costs     419
Proceeds from convertible loan at fair value through profit or loss, net of $60 issuance costs   1,073  
Repayment of long term loan (375) (281)  
Repayment of loans from shareholders (20)   (20)
Repayment of convertible loans (1,000)   (720)
Net cash provided by financing activities 10,669 3,037 655
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (221) (21) 41
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 4,458 260 (1,195)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 636 376 1,571
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF YEAR 5,094 636 376
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Taxes on income paid 37 56   
Interest paid 24 30 88
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES -      
Receivables on account of shares       20
Conversion of convertible loan into shares 668    
Purchasing of property, plant and equipment in credit and in consideration of share based payment $ 144