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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net loss $ (12,481) $ (8,134)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 214 4
Depreciation 186 65
Impairment of property and equipment 153  
Accrued severance pay, net (2) 7
Amortization of discount on loan 5 5
Revaluation of fair value of warrant to purchase Convertible Preferred Shares (40) 1,534
Increase in other accounts receivable and prepaid expenses (294) (284)
Increase in trade payables 698 751
Increase (decrease) in other accounts payable and accrued expenses 103 (28)
Net cash used in operating activities (11,458) (6,080)
Cash flows from investing activities:    
Proceeds from maturity of investment in restricted cash 352 352
Purchases of property and equipment (632) (205)
Investment in other assets (21)  
Net cash (used in) provided by investing activities (301) 147
Cash flows from financing activities:    
Proceeds from issuance of Preferred Shares and warrants, net of issuance costs 11,406 19,206
Proceeds from issuance of Ordinary Shares, net of issuance costs upon IPO 36,159  
Proceeds from issuance of Ordinary Shares, net of underwriter's fees 1,308  
Repayment of loan (281) (281)
Proceeds from exercise of options into Ordinary Shares 145  
Net cash provided by financing activities 48,737 18,925
Net increase in cash and cash equivalents 36,978 12,992
Cash and cash equivalents at the beginning of the period 6,167 2,072
Cash and cash equivalents at the end of the period 43,145 15,064
Supplemental disclosure of non-cash investing and financing activities    
Purchase of property and equipment 159  
Conversion of Convertible Preferred Shares into Ordinary Shares 47,075  
Conversion of Warrants to purchase Convertible Preferred Shares into Ordinary Shares 5,945  
Non-cash deferred IPO costs 1,463  
Conversion of warrants to purchase Convertible Preferred Shares into warrants to purchase Ordinary Shares 87  
Cash paid during the period    
Cash paid for interest 19 34
Cash paid for taxes $ 231 $ 1