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SELECTED STATEMENTS OF COMPREHENSIVE LOSS (Tables)
12 Months Ended
Dec. 31, 2016
SELECTED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS  
Schedule of revenue by geographic area

                                                                                                                                                                                    

 

 

Year ended
December 31,
2016

 

Year ended
December 31,
2015

 

Licensing Revenue:

 

 

 

 

 

 

 

Europe

 

$

1,065 

 

$

869 

 

​  

​  

​  

​  

Total revenue

 

$

1,065 

 

$

869 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

Schedule of long-lived assets by geographic area

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2016

 

2015

 

Long-lived assets:

 

 

 

 

 

 

 

Israel

 

$

375 

 

$

372 

 

United States

 

 

330 

 

 

380 

 

United Kingdom

 

 

3,075 

 

 

1,466 

 

France

 

 

61 

 

 

61 

 

Switzerland

 

 

708 

 

 

304 

 

​  

​  

​  

​  

Total long-lived assets

 

$

4,549 

 

$

2,583 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of sales to single customer exceeding 10%

                                                                                                                                                                                    

 

 

Year ended
December 31,
2016

 

Year ended
December 31,
2015

 

Sales to a single customer exceeding 10%:

 

 

 

 

 

 

 

Cardiome

 

 

100 

%

 

100 

%

 

 

Schedule of financial expense (income), net

                                                                                                                                                                                    

 

 

Year ended
December 31,

 

 

 

2016

 

2015

 

Financial expenses:

 

 

 

 

 

 

 

Interest expense and bank fees

 

$

97

 

$

77

 

Issuance costs allocated to warrants

 

 

784

 

 

 

​  

​  

​  

​  

 

 

$

881

 

$

77

 

Financial income:

 

 

 

 

 

 

 

Interest income

 

$

(74

)

$

(50

)

Reevaluation of fair value of warrants to purchase Convertible Preferred Shares

 

 

 

 

(40

)

Reevaluation of fair value of warrants to purchase Ordinary Shares

 

 

(2,491

)

 

 

Foreign currency translation adjustments

 

 

(217

)

 

(75

)

​  

​  

​  

​  

 

 

$

(2,782

)

$

(165

)

​  

​  

​  

​  

Total financial income, net

 

$

(1,901

)

$

(88

)

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of weighted average number of shares

                                                                                                                                                                                    

 

 

Year ended
December 31,

 

 

 

2016

 

2015

 

Numerator:

 

 

 

 

 

 

 

Net loss

 

$

25,869 

 

$

24,971 

 

Dividends accumulated for the period(*)

 

 

 

 

988 

 

​  

​  

​  

​  

Net loss available to shareholders of Ordinary Shares

 

$

25,869 

 

$

25,959 

 

​  

​  

​  

​  

​  

​  

​  

​  

Denominator:

 

 

 

 

 

 

 

Weighted average number of Ordinary Shares used in computing basic and diluted net loss per share

 

 

16,253,975 

 

 

10,593,227 

 


 

 

 

 

 

 

 

 

(*)          

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.