SELECTED STATEMENTS OF COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2015

SELECTED STATEMENTS OF COMPREHENSIVE LOSS

SELECTED STATEMENTS OF COMPREHENSIVE LOSS

NOTE 11:—SELECTED STATEMENTS OF COMPREHENSIVE LOSS

        The Company's business is currently comprised of one operating segment. The nature of the products and services provided by the Company and the type of customers for these products and services are similar. Operations in Israel and the United States include research and development, marketing and business development. The Company follows ASC 280, "Segment Reporting". Total revenues are attributed to geographic areas based on the location of the end customer.

a.           The following represents the total revenue for the year ended December 31, 2015 and long-lived assets as of December 31, 2015 and 2014:

	Year ended December 31, 2015
Licensing Revenue:
Europe	$	869
Total revenue	$	869

	December 31,
	2015		2014
Long-lived assets:
Israel	$	372	$	433
United States		380		135
Japan		—		116
United Kingdom		1,466		631
France		61		59
Switzerland		304		—
Total long-lived assets	$	2,583	$	1,374

		Year ended December 31, 2015
Sales to a single customer exceeding 10%:
Customer A			100	%
b.	Financial expense (income), net:

		Year ended December 31,
		2015			2014
Interest expense and bank fees		$	77		$	76
Interest income			(50	)		—
Revaluation of fair value of warrants to purchase Convertible Preferred Shares			(40	)		2,927
Foreign currency translation adjustments			(75	)		(8	)
		$	(88	)	$	2,995
c.	The net loss and the weighted average number of shares used in computing basic and diluted net loss per share for the years ended December 31, 2015 and 2014, is as follows:

	Year ended December 31,
	2015		2014
Numerator:
Net loss	$	24,971	$	19,040
Dividends accumulated for the period(*)		988		3,124
Net loss available to shareholders of Ordinary Shares	$	25,959	$	22,164
Denominator:
Weighted average number of Ordinary Shares used in computing basic and diluted net loss per share		10,593,227		501,968

(*)           The net loss used for the computation of basic and diluted net loss per share include the compounded dividend of eight percent per annum which shall be distributed to shareholders in case of distributable assets determined in the AOA under the liquidation preference right (See also Note 10a).

Convertible securities such as warrants to purchase Series Preferred A2, D, E1 Shares, Series Preferred A1, A2, B, C, D, E Shares and options to grantees under the 2009 Plan and 2013 Sub Plan, have not been taken into account due to their anti-dilutive effect.