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CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Cash Flows from Operating Activities:          
Net Profit (loss) $ 12,716 $ (4,165) $ 8,606 $ (8,716) $ (1,057)
Adjustments to profit and loss items:          
Profit from discontinued operation (50) (4,608)
Depreciation and amortization 278 170 552 305 577
Share-based compensation 324 149 599 367 645
Revaluation of liabilities in respect of IIA grants (466) 218 (392) 404 287
Revaluation of contingent consideration for the purchase of shares 1,081 569 1,322 1,112 758
Other income from settlement agreement (7,537)
Revaluation of lease liabilities 91 194
Increase (decrease) in severance pay liability, net 13 (5) (10) 6 19
Net financing income (87) (115) (149) (182) (412)
Un-realized foreign currency (gain) loss 60 85 (70) 126 182
Adjustments to profit and loss items, total 1,294 1,071 1,996 2,138 (10,089)
Changes in asset and liability items:          
Increase in trade receivables (318) (494) (9) (421) (211)
Decrease (increase) in inventories (62) 149 146 15 206
Decrease (increase) in other receivables 2,482 (1,690) 2,744 (1,572) (306)
Increase (decrease) in trade payables and accrued expenses 1,076 (51) 1,357 74 (536)
Increase (decrease) in other payables and deferred revenues 77 (507) 529 (336) (161)
Changes in asset and liability items, total 3,255 (2,593) 4,767 (2,240) (1,008)
Net cash flows provided by (used) in operating activities 17,265 (5,687) 15,369 (8,818) (12,154)
Net cash provided by discontinued operating activities 50
Net cash provided by (used) in operating activities 17,265 (5,687) 15,419 (8,818) (12,154)
Cash Flows from Investing Activities:          
Purchase of property and equipment (194) (197) (433) (313) (522)
Purchase of intangible assets (13) (13) (12)
Interest received 14 2 44 2 106
Proceeds from (investment in) short term bank deposits, net 412 1,680 2,977 (21,165) (16,612)
Net cash provided by (used in) investing activities 232 1,472 2,588 (21,489) (17,040)
Cash Flows from Financing Activities:          
Repayment of leases liabilities (157) (312)
Proceeds from exercise of options [1] [1] [1]
Proceeds of IIA grant, net of repayments 248 193 30 46
Net cash (used in) provided by financing activities 91 [1] (119) 30 46
Exchange rate differences on cash and cash equivalent balances (55) (117) 63 (133) (205)
Cash and cash equivalents:          
Increase (decrease) in cash and cash equivalents from continuing activities 17,533 (4,332) 17,901 (30,410) (29,353)
Increase in cash and cash equivalents from discontinued activities 50
Balance of cash and cash equivalents at the beginning of the period 7,134 9,991 6,716 36,069 36,069
Balance of cash and cash equivalents at the end of the period $ 24,667 $ 5,659 $ 24,667 $ 5,659 $ 6,716
[1] Represents less than $ 1.