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Shareholders' Equity (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Share-based Payment Arrangement [Abstract]    
Schedule of Black-Scholes-Merton option pricing model assumptions

   Nine Months Ended
September 30,
 
   2019   2018 
Expected volatility   57.5%   57.07 - 61.12% 
Risk-free rate   2.22%   2.74% - 2.83% 
Dividend yield   %   —% 
Expected term (in years)   6.11    6.11 
Share price  $5.37   $25.50 - 28.75 

      December 31,  
      2018     2017     2016  
  Expected volatility     57% - 61 %     55% - 59 %     53% - 60 %
  Risk-free rate     2.74% - 2.83 %     1.78% - 2.07 %     1.16% - 1.60 %
  Dividend yield     %     %     %
  Expected term (in years)     6.11       5.31 - 6.11       5.31 - 6.11  
  Share price   $ 25.5 - $28.75     $ 32.50 - $50.00     $ 170 - $297.00  
Schedule of employee options activity

   Number   Average
exercise
price
   Average
remaining
contractual
life (in years)
   Aggregate
intrinsic
value (in
thousands)
 
Options outstanding at the beginning of the period   72,655   $47.70    6.37   $114 
Granted   12,425    5.37           
Exercised                  
Forfeited   (7,170)   41.80           
Options outstanding at the end of the period   77,910   $41.46    6.38   $230 
                     
Options exercisable at the end of the period   45,530   $55.80    4.62   $ 

      Number     Average exercise price     Average remaining contractual life (years)     Aggregate intrinsic value (in thousands)  
  Options outstanding at the beginning of the year     51,074     $ 67.25       6.33     $ 8  
  Granted     26,497       27.25                  
  Exercised                            
  Forfeited     (4,916 )     138.5                  
                                   
  Options outstanding at the end of the year     72,655     $ 47.75       6.37     $  
                                   
  Options exercisable at the end of the year     41,308     $ 59.75       4.25     $  
Summary of employee RSUs activity

   Number of shares underlying outstanding RSUs   Weighted
average
grant
date fair value
 
Unvested RSUs at the beginning of the period   26,093   $48.78 
Granted   87,436    4.69 
Vested   (27,618)   7.27 
Forfeited   (10,875)   18.42 
Unvested RSUs at the end of the period   75,036   $42.60 

      Number of shares underlying outstanding RSUs     Weighted- average grant date fair value  
  Unvested RSUs at the beginning of the year     22,763       3.13  
  Granted     20,415       1.09  
  Vested (1)     (13,713 )     2.74  
  Forfeited     (3,372 )     2.59  
                   
  Unvested RSUs at the end of the year     26,093       1.80  

 

  (1) During the fiscal year ended December 31, 2018, the aggregate number of ordinary shares that were issued pursuant to RSUs that became vested on a net basis was 13,615 ordinary shares.
Schedule of options and RSUs outstanding

Range of exercise price  Options and RSUs outstanding as of
September 30,
2019
  

Weighted
average
remaining
contractual
life (years) (1)

   Options
outstanding and exercisable as of
September 30,
2019
  

Weighted
average
remaining
contractual
life (years) (1)

 
RSUs only   75,036             
$5.37   12,425    9.50         
$20.42 - $33.75   37,691    6.46    20,981    4.78 
$37.14 - $38.75   12,476    3.50    12,476    3.50 
$50 - $52.5   11,395    5.94    8,158    5.25 
$182.5 - $524.25   3,923    6.04    3,915    6.03 
    152,946    6.80    45,530    4.62 

 

(1) Calculation of weighted average remaining contractual term does not include the RSUs that were granted, which have an indefinite contractual term.
  Range of exercise price   Options and RSUs Outstanding as of December 31, 2018    

Weighted

average

remaining

contractual

life (years) (1)

    Options Exercisable as of December 31, 2018    

Weighted

average

remaining

contractual

life (years) (1)

 
  RSUs only     26,093                    
  $20.50     791       2.03      

789

      2.03  
  $33.00     39,209       7.38       12,917       3.42  
  $36.75-$52.50     28,721       5.04       23,857       4.35  
  $170.00-$224.75     2,678       7.05      

2,516

      7.06  
  $230.50-$274.50     562       7.32       543       7.33  
  $490.50-$524.25     694       5.97      

686

      5.97  
        98,748       6.37       41,308       4.25  
Schedule of warrants outstanding and exercisable

Issuance date   Warrants
outstanding
    Exercise price per warrant     Warrants outstanding and exercisable     Contractual
term
    (number)           (number)      
December 31, 2015 (1)     4,771     $ 7.500       4,771     See footnote (1)
November 1, 2016 (2)     97,496     $ 118.750       97,496     November 1, 2021
December 28, 2016 (3)     1,908     $ 7.500       1,908     See footnote (1)
November 20, 2018 (4)     126,839     $ 7.500       126,839     November 20, 2023
November 20, 2018 (5)     106,680     $ 9.375       106,680     November 15, 2023
February 25, 2019 (6)     45,600     $ 7.187       45,600     February 21, 2024
April 5, 2019 (7)     408,457     $ 5.140       408,457     October 7, 2024
April 5, 2019 (8)     49,015     $ 6.503       49,015     April 3, 2024
June 5, 2019 and June 6, 2019 (9)     1,464,665     $ 7.500       1,464,665     June 5, 2024
June 5, 2019 (10)     87,880     $ 9.375       87,880     June 5, 2024
June 12, 2019 (11)     416,667     $ 6.000       416,667     December 12, 2024
June 10, 2019 (12)     50,000     $ 7.500       50,000     June 10, 2024
      2,859,978               2,859,978      

 

(1) Represents warrants for ordinary shares issuable upon an exercise price of $7.5 per share, which were granted on December 31, 2015 to Kreos Capital V (Expert) Fund Limited, or Kreos, in connection with a loan made by Kreos to us and are currently exercisable (in whole or in part) until the earlier of (i) December 30, 2025 or (ii) immediately prior to the consummation of a merger, consolidation, or reorganization of us with or into, or the sale or license of all or substantially all the assets or shares of us to, any other entity or person, other than a wholly-owned subsidiary of us, excluding any transaction in which our shareholders prior to the transaction will hold more than 50% of the voting and economic rights of the surviving entity after the transaction. None of these warrants had been exercised as of September 30, 2019.

 

(2) Represents warrants issued as part of our follow-on offering in November 2016. At any time, the board of directors may reduce the exercise price of the warrants to any amount and for any period of time it deems appropriate.

 

(3) Represents common warrants that were issued as part of the $8.0 million drawdown under the Loan Agreement which occurred on December 28, 2016. See footnote 1 for exercisability terms.

 

(4) Represents common warrants that were issued as part of our follow-on offering in November 2018. As of September 30, 2019, warrants to purchase an aggregate 1,651,537 ordinary shares had been exercised.

 

(5) Represents common warrants that were issued to the underwriters as compensation for their role in our follow-on offering in November 2018.

 

(6) Represents warrants that were issued to the exclusive placement agent as compensation for its role in our follow-on offering in February 2019.

  

(7) Represents warrants that were issued to certain institutional purchasers in a private placement in our registered direct offering of ordinary shares in April 2019.

 

(8) Represents warrants that were issued to the placement agent as compensation for its role in our April 2019 registered direct offering.

 

(9) Represents warrants that were issued to certain institutional investors in a warrant exercise agreement on June 5, 2019 and June 6, 2019, respectively.

 

(10) Represents warrants that were issued to the placement agent as compensation for its role in our June 2019 warrant exercise agreement and concurrent private placement of warrants.

 

(11) Represents warrants that were issued to certain institutional investors in a warrant exercise agreement in June 2019.

 

(12) Represents warrants that were issued to the placement agent as compensation for its role in our June 2019 registered direct offering and concurrent private placement of warrants.

  Issuance date   Warrants outstanding    

Exercise

price

per warrant

   

Warrants

exercisable

   

Exercisable

through

      (number)           (number)      
  December 30, 2015 (1) (4)     4,771     $ 7.50       4,771     See footnote (1)
  November 1, 2016 (2)     97,496     $ 118.75       97,496     November 1, 2021
  December 28, 2016 (3) (4)     1,908     $ 7.5       1,908     See footnote (1)
  November 20, 2018 (5)     1,778,393     $ 7.5       1,778,393     November 20, 2023.
  November 20, 2018 (6)     106,680     $ 9.375       106,680     November 15, 2023
  November 20, 2018 (7)     397,215     $ 0.25       397,215     November 20, 2023.
        2,386,463               2,386,463      

 

(1)Represents warrants for ordinary shares issuable upon an exercise price of $241.00 per share, which were granted on December 31, 2015 to Kreos Capital V (Expert) Fund Limited, or Kreos, in connection with a loan made by Kreos to us and are currently exercisable (in whole or in part) until the earlier of (i) December 30, 2025 or (ii) immediately prior to the consummation of a merger, consolidation, or reorganization of us with or into, or the sale or license of all or substantially all the assets or shares of us to, any other entity or person, other than a wholly-owned subsidiary of us, excluding any transaction in which our shareholders prior to the transaction will hold more than 50% of the voting and economic rights of the surviving entity after the transaction. None of these warrants had been exercised as of December 31, 2018.

 

(2)Represents warrants issued as part of our follow-on offering in November 2016. The exercise price and the number of ordinary shares into which the warrants may be exercised are subject to adjustment upon certain corporate events, including stock splits, reverse stock splits, combinations, stock dividends, recapitalizations, reorganizations and certain other events. Our board of directors may also determine to make such adjustments to the exercise price and number of ordinary shares to be issued upon exercise based on similar events, including the granting of stock appreciation rights, phantom stock rights or other rights with equity features. At any time, the board of directors may reduce the exercise price of the warrants to any amount and for any period of time it deems appropriate.

 

(3)Represents warrants in the amount of 1,908 ordinary shares that were issued as part of the $8.0 million drawdown under the Loan Agreement which occurred on December 28, 2016. See footnote 1 for exercisability terms.

 

  (4) On November 20, 2018, Kreos and the Company entered into the First Amendment to the Warrant to Purchase Shares (the "Kreos Warrant Amendment"), which amended the exercise price of the warrant to purchase 6,679 ordinary shares currently held by Kreos from $241.00 to $7.50. See note 6.

 

  (5) Represents warrants in the amount of 1,778,393 ordinary shares that were issued as part of our follow-on offering in November 2018.

 

  (6) Represents warrants to purchase up to 106,680 ordinary shares that were issued to the underwriters as compensation for their role in our follow-on offering in November 2018.

 

  (7) Represents 1,050,372 pre-funded warrants with an exercise price of $0.25 per share. As of December 31, 2018, pre-funded warrants to purchase an aggregate 653,157 ordinary shares had been exercised.
Schedule of non-cash share-based compensation expense

   Nine Months Ended
September 30,
 
   2019   2018 
Cost of revenues  $9   $11 
Research and development, net   161    330 
Sales and marketing   140    352 
General and administrative   559    1,649 
Total  $869   $2,342 

     Year Ended December 31, 
     2018   2017   2016 
  Cost of revenues  $16   $62   $108 
  Research and development, net   435    508    559 
  Sales and marketing, net   467    963    811 
  General and administrative   1,848    2,121    1,920 
                  
  Total  $2,766   $3,654   $3,398