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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (18,422) $ (13,336)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 382 182
Depreciation 277 134
Impairment of property and equipment 154  
Accrued severance pay, net (2) 18
Amortization of discount on loan 8 9
Revaluation of fair value of warrants to purchase Convertible Preferred Shares (40) 1,871
Increase in other accounts receivable and prepaid expenses (195) (26)
Increase in deferred revenue 2,561  
Increase in trade payables 655 179
Increase (decrease) in other accounts payable and accrued expenses (632) 1,030
Net cash used in operating activities (15,254) (9,939)
Cash flows from investing activities:    
Proceeds from maturity of investment in restricted cash 527 527
Purchases of property and equipment (1,326) (293)
Investment in other assets (21)  
Net cash (used in) provided by investing activities (820) 234
Cash flows from financing activities:    
Proceeds from issuance of Preferred Shares and warrants, net of issuance costs 11,406 19,207
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  
Deferred IPO costs   (104)
Repayment of loan (422) (422)
Proceeds from exercise of options into Ordinary Shares 145 1
Net cash provided by financing activities 48,596 18,682
Net increase in cash and cash equivalents 32,522 8,977
Cash and cash equivalents at the beginning of the period 6,167 2,072
Cash and cash equivalents at the end of the period 38,689 11,049
Supplemental disclosure of non-cash investing and financing activities    
Purchase of property and equipment 109 241
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 1,463 886
Conversion of warrants to purchase Convertible Preferred Shares into warrants to purchase Ordinary Shares 87  
Cash paid during the period    
Cash paid for interest 25 48
Cash paid for taxes $ 278 $ 1