XML 19 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (18,555) $ (23,959)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 516 503
Share-based compensation to employees and non- employees 2,597 2,458
Deferred taxes (20) (64)
Loss on extinguishment of debt 313 0
Financial expenses related to long term loan 87 495
Changes in assets and liabilities:    
Trade receivables, net (11) 1,202
Prepaid expenses and other current and long term assets (556) (804)
Inventories (381) (1,004)
Trade payables (1,048) 960
Employees and payroll accruals (161) (285)
Deferred revenues and advances from customers 45 116
Other current and long term liabilities 102 182
Net cash used in operating activities (17,072) (20,200)
Cash flows from investing activities:    
Purchase of property and equipment (19) (408)
Net cash used in investing activities (19) (408)
Cash flows from financing activities:    
Issuance of ordinary shares upon exercise of options to purchase ordinary shares by employees and non-employees 28 23
Proceeds from long term loan 0 12,000
Debt issuance cost 0 (441)
Repayment of long term loan (2,747) (554)
Issuance of ordinary shares in at-the-market offering, net of issuance expenses paid in the amount of 389$ [1] 9,060 4,110
Net cash provided by financing activities 6,341 15,138
Decrease in cash and cash equivalents (10,750) (5,470)
Cash and cash equivalents at beginning of period 23,678 17,869
Cash and cash equivalents at end of period 12,928 12,399
Supplemental disclosures of non-cash flow information    
At-the-market offering expenses not yet paid 50 11
Classification of inventory to property and equipment, net $ 145 $ 113
[1] (1) See Note 8e to the condensed consolidated financial statements.