XML 45 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (12,731) $ (20,305)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 195 181
Impairment of royalties buyout 576  
Loss from sale of property, plant and equipment 3  
Change in liability for employees right upon retirement (29) 109
Financial expenses 191 279
Share-based compensation expenses 2,600 3,151
Loss on amounts funded in respect of employee rights upon retirement, net 11 15
Changes in operating asset and liability items:    
Decrease in prepaid expenses 88 37
Decrease (increase) in trade receivables (29) 1,458
Decrease (increase) in other receivables 160 (157)
Decrease (increase) in inventory 843 (89)
Decrease in trade payables (75) (75)
Increase (decrease) in other payables and advance payment from customers (1,182) 1,124
Net cash used in operating activities (9,379) (14,272)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (12) (105)
Decrease in restricted cash   93
Amounts funded in respect of employee rights upon retirement, net 21 (55)
Net cash provided by (used in) investing activities 9 (67)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Taxes withheld in respect of share issuance (88) (115)
Proceeds from issuance of shares and warrants, net of $1,315 and $46 issuance costs, respectively 12,432 2,229
Repayment of long-term loan (2,739) (290)
Net cash provided by financing activities 9,605 1,824
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (26) (42)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 209 (12,557)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD $ 6,300 17,535
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF THE PERIOD   $ 4,978