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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows used in operating activities:      
Net loss $ (21,675) $ (24,717) $ (32,503)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 463 642 696
Share-based compensation to employees and non employees 2,766 3,654 3,398
Deferred taxes (107) 73 (5)
Loss on extinguishment of debt 313
Loss on inducement of debt [1] 600
Financial expenses related to long term loan 224 128 675
Capital Gain (8)
Changes in assets and liabilities:      
Trade receivables, net 322 151 892
Prepaid expenses and other current and long term assets 734 (438) 183
Inventories 1,403 (582) (911)
Trade payables 492 (1,613) 950
Employees and payroll accruals (222) (147) (202)
Deferred revenues 283 47 (32)
Other current and long term liabilities (57) 27 120
Net cash used in operating activities (14,774) (22,462) (26,747)
Cash flows used in investing activities:      
Purchase of property and equipment (13) (21) (452)
Proceeds from sale of property and equipment 15
Net cash used in investing activities (13) (21) (437)
Cash flows from financing activities:      
Issuance of ordinary shares upon exercise of options to purchase ordinary shares by employees and non-employees 38 18
Proceeds from long term loan 20,000
Debt issuance cost (501)
Repayment of long term loan (3,866) (3,102) (922)
Issuance of ordinary shares in investment agreement, net of issuance expenses in an amount of $830 [2] 4,295
Issuance of ordinary shares in at-the-market offering, net of issuance expenses paid in the amount of $211 [2] 1,142 9,309 4,099
Issuance of ordinary shares and exercise of pre-funded warrants into ordinary shares in follow-on offering, net of issuance expenses in an amount of $1,505 and net of long term loan conversion in the amount of $3,600 [1],[2] 8,140 7,163 11,089
Net cash provided by financing activities 9,711 13,408 33,783
Increase (decrease) in cash, cash equivalents, and restricted cash (5,076) (9,075) 6,599
Cash, cash equivalents, and restricted cash at beginning of period 15,423 24,498 17,899
Cash, cash equivalents, and restricted cash at end of period 10,347 15,423 24,498
Supplemental disclosures of non-cash flow information      
Repayment of long term loan by issuance of units and pre-funded units [1] 3,000
At-the-market offering expenses not yet paid [2] 25
Classification of other current assets to property and equipment, net 236
Classification of inventory to property and equipment 203 181
Supplemental disclosures of cash flow information:      
Cash and cash equivalents 9,546 14,567 23,678
Restricted cash included in other long term assets 801 856 820
Total Cash, cash equivalents, and restricted cash 10,347 15,423 24,498
Cash paid for income taxes 25 21 45
Cash paid for interest $ 1,501 $ 2,300 $ 1,301
[1] See note 6.
[2] See note 8b.