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CONSOLIDATED UNAUDITED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the period $ (6,505) $ (4,782)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 55 82
Share-based compensation 269 (393)
Financial (income) expenses, net (32) (18)
Increase in royalties provision 3 25
Changes in assets and liabilities items:    
Decrease in prepaid and other current assets and non-current assets 50 35
Decrease in trade accounts payable, accruals and other current liabilities (204) (131)
Increase (decrease) in employees and payroll accruals 15 288
Net cash used in operating activities (6,349) (4,894)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (49) (8)
Investments in short-term bank deposits, net (370) (10,000)
Net cash used in investing activities (419) (10,008)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of ordinary shares in the 2018 public offering, net of issuance expenses 17,862
Issuance of ordinary shares in the 2019 registered direct offering, net of issuance expenses 6,511
Net cash provided by financing activities 6,511 17,862
Net increase (decrease) in cash and cash equivalents and restricted cash (257) 2,960
Cash and cash equivalents and restricted cash at the beginning of the period 8,922 6,997
Cash and cash equivalents and restricted cash at the end of the period 8,665 9,957
Supplemental disclosure of non-cash flow information    
Cashless exercise of warrants to purchase ordinary shares into ordinary shares 9
Purchase of property and equipment 7
Recognition of operating leases and operating lease liabilities from adoption of ASU 2016-02 $ 490