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CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES:        
Comprehensive loss $ (11,118) $ (11,023) $ (21,053) $ (19,619)
Adjustments in respect of income and expenses not involving cash flow:        
Share-based compensation to employees and service providers 733 705 1,539 1,012
Depreciation 23 18 45 32
Write-off of intangible assets       45
Fair value adjustment on derivative financial instruments 1,667 (2,251) 1,617 (3,513)
Fair value losses on financial assets at fair value through profit or loss 13 64 112 79
Revaluation of bank deposits (13) (87) 77 (105)
Exchange differences in respect of cash and cash equivalents 53 (119) 67 (361)
Total adjustments in respect of income and expenses not involving cash flow 2,476 (1,670) 3,457 (2,811)
Changes in assets and liability items:        
Increase in trade receivables 13 (778) (268) (679)
Decrease (increase) in prepaid expenses and other receivables 188 (421) 1,459 (1,534)
Increase in inventory (130) (610) (37) (610)
Increase (decrease) in accounts payable 1,299 1,124 (782) 1,085
Increase (decrease) in accrued expenses and other current liabilities (1,127) 3,650 (671) 4,119
Total changes in assets and liability items 243 2,965 (299) 2,381
Net cash used in operating activities (8,399) (9,728) (17,895) (20,049)
INVESTING ACTIVITIES:        
Purchase of fixed assets (2) (102) (15) (102)
Purchase of intangible assets     (500)  
Change in investment in current bank deposits 5,000 284 4,869 (15,260)
Purchase of financial assets at fair value through profit or loss (42) (10,500) (1,088) (13,953)
Proceeds from sale of financial assets at fair value through profit or loss 1,500 5,447 3,450 5,847
Net cash provided by (used in) investing activities 6,456 (4,871) 6,716 (23,468)
FINANCING ACTIVITIES:        
Proceeds from issuance of ordinary shares, net of expenses       1,282
Exercise of warrants and options into ordinary shares, net of expenses   175 355 3,407
Net cash provided by financing activities   175 355 4,689
DECREASE IN CASH AND CASH EQUIVALENTS (1,943) (14,424) (10,824) (38,828)
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS (53) 119 (67) 361
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 7,560 29,624 16,455 53,786
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF PERIOD 5,564 15,319 5,564 15,319
SUPPLEMENTARY INFORMATION ON INTEREST RECEIVED IN CASH $ 148 $ 130 $ 415 $ 201