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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net loss $ (20,838) $ (19,592) $ (17,213)
Adjustments to the profit or loss items:      
Depreciation 2,145 2,279 2,433
Share-based compensation 2,244 2,943 4,365
Net financing income (1,454) (1,688) (845)
Loss from sale of property, plant and equipment 39
Taxes on income 11 36
Adjustments to the profit or loss items 2,946 3,609 5,953
Changes in asset and liability items:      
Decrease (increase) in trade receivables 37 2,506 (1,492)
Decrease (increase) in other receivables 221 (100) (293)
Decrease (increase) in long term deposits (6) 9 (1)
Decrease in trade payables (86) (215) (68)
Decrease (increase) in other payables 136 (303) (640)
Increase (decrease) in severance pay liability, net 2 5 (3)
Decrease in deferred revenues and other advances (500) (81) (1,055)
Increase (decrease) in liabilities in respect of government grants 115 (284)
Changes in asset and liability items (196) 1,936 (3,836)
Cash received (paid) during the year for:      
Interest received 2,173 2,360 2,689
Taxes paid (14) (6)
Net cash used in operating activities (15,929) (11,693) (12,407)
Cash flows from investing activities:      
Purchase of property, plant and equipment (590) (808) (2,005)
Proceeds from sale of marketable securities 22,737 23,926 38,164
Purchase of marketable securities (11,659) (24,561) (31,168)
Proceeds from bank deposits, net 4,757 5,466 11,443
Proceeds from sale of property, plant and equipment 5
Decrease in restricted cash 953
Net cash provided by investing activities 15,245 4,028 17,387
Cash flows from financing activities:      
Proceeds from exercise of options 683 186 296
Proceeds from government grants 339 802 167
Repayment of government grants (208) (333) (418)
Net cash provided by financing activities 814 655 45
Exchange rate differences - cash and cash equivalent balances 69 25 (17)
Increase (decrease) in cash and cash equivalents 199 (6,985) 5,008
Cash and cash equivalents, beginning of the year 3,236 10,221 5,213
Cash and cash equivalents, end of the year 3,435 3,236 10,221
Significant non-cash activities:      
Acquisition of property, plant and equipment $ 39 $ 150 $ 349