WARRANTS TO PURCHASE CONVERTIBLE PREFERRED SHARES (Tables)

3 Months Ended

Mar. 31, 2015

Warrants to purchase convertible preferred shares

Components of the liability associated with the warrants

	Fair value of warrants to purchase Convertible Preferred Shares
Balance at December 31, 2014	$	6,072
Revaluation of fair value of warrants to purchase Convertible Preferred Shares	(40		)
Classification to Equity upon conversion of warrants *)	(5,945		)
Classification to Equity upon automatic conversion into warrants to purchase Ordinary Shares **)	(87		)
Balance at March 31, 2015 (unaudited)	$	—

*)As of December 31, 2014, there were 711,120 outstanding warrants exercisable into Convertible Preferred Shares. Prior to the IPO, all but 10,191 warrants were exercised into Ordinary Shares. Of the exercised warrants, 295,697 were exercised for cash, and 405,232 were exercised on a cashless basis, resulting in the net exercise of 401,746 warrants (and 3,486 warrants were cancelled). Upon the closing of the IPO, the 10,191 warrants outstanding were automatically converted into warrants to purchase Ordinary Shares.

**)Classification of 10,191 warrants to purchase Convertible Preferred Shares converted into 10,191 warrants to purchase Ordinary Shares.