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CONDENSED CONSOLIDATED INTERIM CASH FLOW STATEMENTS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS - OPERATING ACTIVITIES    
Comprehensive loss for the period $ (11,640) $ (10,986)
Adjustments required to reflect net cash used in operating activities (see appendix below) 573 (2,054)
Net cash used in operating activities (11,067) (13,040)
CASH FLOWS - INVESTING ACTIVITIES    
Investments in short-term deposits (27,510) (15,000)
Maturities of short-term deposits 24,441 24,385
Proceeds from realization of long-term investment 1,500
Purchase of property and equipment (53) (76)
Purchase of intangible assets (37)
Net cash provided by (used in) investing activities (3,122) 10,772
CASH FLOWS - FINANCING ACTIVITIES    
Issuances of share capital and warrants, net of issuance cost 15,879 2,847
Employee stock options exercised 1
Repayments of loans (47) (47)
Repayments of lease liabilities (110)
Net cash provided by financing activities 15,723 2,800
INCREASE IN CASH AND CASH EQUIVALENTS 1,534 532
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 3,404 5,110
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS 34 147
CASH AND CASH EQUIVALENTS - END OF PERIOD 4,972 5,789
Income and expenses not involving cash flows:    
Depreciation and amortization 439 288
Long-term prepaid expenses (4) (2)
Exchange differences on cash and cash equivalents (34) (147)
Gain on adjustment of warrants to fair value (1,354) (625)
Gain on realization of long-term investment (500)
Share-based compensation 773 1,444
Warrant issuance costs 417
Interest and exchange rate differences on short-term deposits (440) (351)
Interest on loans 292 (1)
Total income and expense not involving cash flows 89 106
Changes in operating asset and liability items:    
Decrease (increase) in prepaid expenses and other receivables 848 (776)
Decrease in accounts payable and accruals (364) (1,384)
Total Change in operating asset and liability 484 (2,160)
Total Adjustments required to reflect net cash used in operating acivities 573 (2,054)
Supplemental information on interest received in cash 442 377
Supplemental information on interest paid in cash 477 167
Supplemental information on non-cash transaction:    
Initial establishment of right-of-use assets against lease liabilities $ 1,878