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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES:      
Comprehensive loss $ (45,544) $ (29,370) $ (21,090)
Adjustments in respect of income and expenses not involving cash flow:      
Share-based compensation to employees and service providers 2,235 1,679 1,364
Depreciation 81 44 36
Write-off of intangible assets 845   100
Fair value adjustment on derivative financial instruments (5,687) (1,152) (888)
Fair value losses (gains) on financial assets at fair value through profit or loss 127 (67)  
Revaluation of bank deposits (123) (274) (69)
Issuance cost in respect of warrants   368  
Exchange differences in respect of cash and cash equivalents (367) (39) 150
Total adjustments in respect of income and expenses not involving cash flow (2,889) 559 693
Changes in assets and liability items:      
Decrease (increase) in trade receivables (1,429) 99  
Decrease (increase) in prepaid expenses and other receivables (1,728) 612 702
Increase in inventory (653)    
Increase (decrease) in accounts payable 4,745 (60) 153
Increase (decrease) in accrued expenses 2,729 (98) 1,716
Total changes in assets and liability items 3,664 553 2,571
Net cash used in operating activities (44,769) (28,258) (17,826)
INVESTING ACTIVITIES:      
Purchase of fixed assets (146) (85) (14)
Purchase of intangible assets (1,035) (35) (1,620)
Change in investment in current bank deposits (13,000) 36,838 (29,500)
Purchase of non-current bank deposits     (58)
Purchase of financial assets at fair value through profit or loss (21,923) (12,246)  
Proceeds from sale of financial assets at fair value through profit or loss 17,522    
Maturity of non-current bank deposits     10,000
Net cash provided by (used in) investing activities (18,582) 24,472 (21,192)
FINANCING ACTIVITIES:      
Proceeds from issuance of ordinary shares and warrants, net of expenses 22,216 35,754 54,684
Exercise of warrants and options into ordinary shares, net of expenses 3,437 263 108
Net cash provided by financing activities 25,653 36,017 54,792
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (37,698) 32,231 15,774
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS 367 39 (150)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 53,786 21,516 5,892
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF PERIOD 16,455 53,786 21,516
SUPPLEMENTARY INFORMATION ON INTEREST RECEIVED IN CASH $ 469 $ 408 236
Supplementary information on investing activities not involving cash flows - Purchase of intangible assets.     $ 1,925