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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (6,274) $ (5,556)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 208 91
Depreciation 131 85
Accrued severance pay, net 15 (4)
Amortization of discount on loan 3 3
Revaluation of fair value of warrants to purchase Convertible Preferred Shares   (40)
Increase in other accounts receivable and prepaid expenses (34) (132)
Decrease in deferred revenues (375)  
Increase (decrease) in trade payables 106 (184)
Increase in other accounts payable and accrued expenses 331 831
Net cash used in operating activities (5,889) (4,906)
Cash flows from investing activities:    
Proceeds from maturity of investment in restricted cash 191 176
Purchase of property and equipment (634) (204)
Net cash used in investing activities (443) (28)
Cash flows from financing activities:    
Proceeds from issuance of Ordinary Shares, net of issuance costs upon IPO   36,250
Proceeds from issuance of convertible preferred shares   11,406
Repayment of loan (141) (141)
Proceeds from exercise of options into Ordinary Shares   145
Net cash (used in) provided by financing activities (141) 47,660
Net increase (decrease) in cash and cash equivalents (6,473) 42,726
Cash and cash equivalents at the beginning of the period 31,851 6,167
Cash and cash equivalents at the end of the period 25,378 48,893
Supplemental disclosure of non-cash investing and financing activities:    
Purchase of property and equipment 161 184
Conversion of Convertible Preferred Shares into Ordinary Shares   5,945
Conversion of Warrants to purchase Convertible Preferred Shares into Ordinary Shares   47,075
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 year:    
Interest 3 10
Taxes on income $ 203 $ 182