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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 (loss) income $ 5,962 $ (13,090) $ (9,545) $ (20,481) $ (52,931)
Adjustments to the profit or loss items:          
Depreciation of property, plant and equipment and right-of-use assets 703 48 1,245 97 269
Financial income, net (378) (362) (569) (375) (858)
Cost of share-based compensation 1,319 779 2,410 1,623 3,575
Change in employee benefit liabilities, net (3) 33 8 17 (15)
Amortization of premium on available-for-sale financial assets 51 (90) 101 (9) 272
Revaluation of financial derivatives (17,378) 3,000 (13,471) 3,400 17,600
Revaluation of liability to IIA 631 2,188 1,199 2,600 2,037
Adjustments to reconcile profit (loss) (15,055) 5,596 (9,077) 7,353 22,880
Changes in asset and liability items:          
Decrease (Increase) in prepaid expenses and other current assets and other assets (292) (1,256) 117 (1,156) 942
Increase (decrease) in trade payables 1,088 306 244 (1,232) (405)
Increase in accrued expenses and other payables and employee and payroll accrual 141 1,611 162 1,871 2,296
Cash flows from (used in) operations 937 661 523 (517) 2,833
Cash received during the year for:          
Interest received 309 378 830 391 792
Interest paid (23) 0 (51) 0 0
Interest, net 286 378 779 391 792
Net cash used in operating activities (7,870) (6,455) (17,320) (13,254) (26,426)
Cash flows from investing activities:          
Purchase of property and equipment (528) (472) (878) (703) (1,645)
Purchase of available-for-sale financial assets 0 0 0 0 (10,905)
Proceed from sale of available-for-sale financial assets 0 0 0 4,984 4,949
Proceeds from maturity of available-for-sale financial assets 1,847 0 15,740 0 0
Proceeds from bank deposits 0 0 0 5,000 5,000
Investment in restricted bank deposits 0 0 0 0 (150)
Net cash provided by (used in) investing activities 1,319 (472) 14,862 9,281 (2,751)
Cash flows from financing activities:          
Receipt of grants from the IIA 167 0 167 1,653 612
Proceeds from issuance of shares, net (108) 0 (346) 0 47,479
Payment of lease liabilities (324) 0 (764) 0 0
Exercise of options 117 0 117 0 2
Net cash provided by (used in) financing activities (148) 0 (826) 1,653 48,093
Exchange differences on balances of cash and cash equivalents 28 0 90 0 31
Increase (decrease) in cash and cash equivalents (6,671) (6,927) (3,194) (2,321) 18,947
Cash and cash equivalents at beginning of period 43,749 25,931 40,272 21,325 21,325
Cash and cash equivalents at end of period 37,078 19,004 37,078 19,004 40,272
Significant non-cash transactions:          
IIA liability for grants to be received 0 133 0 264 0
Exercise of warrants liabilities to equity 0 0 2,924 0 3,851
Increase in other assets on credit (592) (791) (592) (791) (238)
Purchase of property, plant and equipment on credit $ (400) $ 0 $ (400) $ 0 $ 0