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TechCare Corp. - Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Operating activities:    
Net loss (1,853,722) (766,990)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Depreciation expenses 15,720 6,911
Stock-based compensation 441,603 287,357
Changes in cash attributable to changes in operating assets and liabilities:    
Other receivables 60,488 (64,092)
Decrease (increase) in accounts payable and accrued expenses 33,017 131,581
Liability for severance pay 12,663 0
Net cash used in operating activities $ (1,290,231) $ (405,233)
Investing activities:    
Purchase of property and equipment (44,926) 77,363
Severance pay fund (5,988) 0
Investments in long-term deposit (5,670) 0
Net cash provided by (used in) investing activities $ (56,584) $ 77,363
Financing activities:    
Cash acquired through merger with Novomic Ltd. 1,144,930 0
Proceeds of funds on account of reverse merger 0 100,000
Proceeds of funds for stocks issued 166,532 0
Issuance of common stock 0 412,699
Net cash provided by financing activities $ 1,311,462 $ 512,699
Translation adjustment on cash and cash equivalents 56,070 (21,262)
Net increase (decrease) in cash and cash equivalents $ 20,717 $ 8,841
Cash and cash equivalents - beginning of period 254,324 245,483
Cash and cash equivalents - end of period 275,041 254,324