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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (2,609) $ (5,212) $ (15,585) $ (25,095)
Adjustments required to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 48 75 241 263
Impairment of royalties buyout   316 576 [1]  
Loss from sale of property, plant and equipment     14  
Change in liability for employees rights upon retirement (122) 12 19 77
Financial expenses 33 102 249 350
Share-based compensation expenses 741 1,029 3,107 4,138
Loss (gains) on amounts funded in respect of employee rights upon retirement, net 1 4 3 (18)
Changes in operating asset and liability items:        
Decrease in prepaid expenses 13 49 141 39
Increase (Decrease) in trade receivables (141) (84) 230 1,220
Decrease (increase) in other receivables (62) 81 217 28
Decrease (increase) in inventory 242 174 1,171 (331)
Decrease in trade payables (59) (244) (397) (659)
Increase (decrease) in other payable and advanced payment from customers 50 (924) (1,582) 626
Net cash used in operating activities (1,865) (4,622) (11,596) (19,362)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Decrease in restricted cash       93
Purchase of property, plant and equipment   (1) (16) (133)
Amounts gained (funded) in respect of employee rights upon retirement, net 90 (10) (7) (46)
Net cash provided by (used in) investing activities 90 (11) (23) (86)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Net proceeds from issuance of shares and warrants 1,520 12,529 12,432 9,535
Repayment of long-term loan (988) (891) (3,702) (1,148)
Taxes withheld in respect of share issuance (16) (78) (113) (115)
Net cash provided by financing activities 516 11,560 8,617 8,272
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 1 (41) (41) (59)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,258) 6,886 (3,043) (11,235)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 3,257 6,300 6,300 17,535
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF YEAR $ 1,999 $ 13,186 3,257 6,300
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Income taxes     13 14
Interest paid     $ 863 1,082
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING ACTIVITIES:        
Anti-dilution rights     $ 110
[1] During the year ended December 31, 2015 the Company recorded expenses related to the impairment of the royalties buyout asset amounting to $576,000 due to anticipated lower sales of MGuard Prime in the future resulting from industry preferences for drug eluting stents.