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CONDENSED CONSOLIDATED INTERIM CASH FLOW STATEMENTS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS - OPERATING ACTIVITIES    
Comprehensive loss for the period $ (13,415) $ (11,640)
Adjustments required to reflect net cash used in operating activities (see appendix below) 1,112 573
Net cash used in operating activities (12,303) (11,067)
CASH FLOWS - INVESTING ACTIVITIES    
Investments in short-term deposits (23,751) (27,510)
Maturities of short-term deposits 24,335 24,441
Purchase of property and equipment (1) (53)
Net cash provided by (used in) investing activities 583 (3,122)
CASH FLOWS - FINANCING ACTIVITIES    
Issuance of share capital and warrants, net of issuance costs 13,411 15,879
Employee stock options exercised 8 1
Repayments of loans (1,331) (47)
Repayments of lease liabilities (121) (110)
Net cash provided by financing activities 11,967 15,723
INCREASE IN CASH AND CASH EQUIVALENTS 247 1,534
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 5,297 3,404
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS (21) 34
CASH AND CASH EQUIVALENTS - END OF PERIOD 5,523 4,972
Income and expenses not involving cash flows:    
Depreciation and amortization 533 439
Long-term prepaid expenses (4)
Exchange differences on cash and cash equivalents 21 (34)
Fair value adjustments of warrants (250) (1,354)
Share-based compensation 922 773
Warrant issuance costs 593 417
Interest and exchange differences on short-term deposits (171) (440)
Interest on loans 36 292
Exchange differences on lease liability (8)
Total income and expense not involving cash flows 1,676 89
Changes in operating asset and liability items:    
Decrease (increase) in prepaid expenses and other receivables (146) 848
Decrease in accounts payable and accruals (418) (364)
Total Change in operating asset and liability (564) 484
Total Adjustments required to reflect net cash used in operating acivities 1,112 573
Supplemental information on interest received in cash 300 442
Supplemental information on interest paid in cash $ 534 $ 477