XML 20 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net loss $ (23,205) $ (25,869)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 940 833
Depreciation 794 620
Impairment of property and equipment 388 0
Re-evaluation of fair value of warrants to purchase Ordinary Shares 2,448 (2,491)
Issuance costs related to warrants to purchase Ordinary Shares 441 784
Decrease (increase) in other accounts receivable and prepaid expenses (340) 136
Decrease in deferred revenues (1,065) (1,065)
Increase (decrease) in trade payables (1,545) 1,010
Increase (decrease) in other accounts payable and accrued expenses (1,098) 192
Net cash used in operating activities (22,242) (25,850)
Cash flows from investing activities:    
Proceeds from maturity of investments in restricted cash   308
Purchase of property and equipment (1,710) (2,384)
Release (investment) in long-term deposits 49 (61)
Net cash used in investing activities (1,661) (2,137)
Cash flows from financing activities:    
Proceeds from issuance of Ordinary Shares and warrants, net of issuance costs 28,110 19,585
Repayment of loan   (234)
Proceeds from exercise of warrants into Ordinary Shares 4,866  
Proceeds from exercise of options into Ordinary Shares 165  
Net cash provided by financing activities 33,141 19,351
Net increase (decrease) in cash and cash equivalents 9,238 (8,636)
Cash and cash equivalents at the beginning of the year 23,215 31,851
Cash and cash equivalents at the end of the year 32,453 23,215
Supplemental disclosure of non-cash investing and financing activities:    
Purchase of property and equipment 231 201
Exercise of warrants into Ordinary Shares 5,177  
Cash paid during the year:    
Cash paid for taxes and interest $ 212 $ 449