XML 17 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (26,706) $ (13,430)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 477 380
Depreciation 386 289
Accrued severance pay, net 8 16
Increase in fair value of warrants to purchase Ordinary Shares 15,496  
Increase in other accounts receivable and prepaid expenses (52) (239)
Allocation of issuance costs related to warrants to purchase Ordinary Shares 441  
Decrease in deferred revenue (635) (469)
Decrease in trade payables (742) (150)
Decrease in other accounts payable and accrued expenses (608) (247)
Net cash used in operating activities (11,935) (13,850)
Cash flows from investing activities:    
Proceeds from maturity of investment in restricted cash   308
Purchase of property and equipment (887) (768)
Decrease (Increase) in other assets 56 (60)
Net cash used in investing activities (831) (520)
Cash flows from financing activities:    
Repayment of loan   (234)
Proceeds from warrants exercised by shareholders 4,866  
Proceeds from options exercise by employees 119  
Proceeds from issuance of Ordinary Shares and warrants, net of issuance costs 28,110  
Net cash provided by (used in) financing activities 33,095 (234)
Net increase (decrease) in cash and cash equivalents 20,329 (14,604)
Cash and cash equivalents at the beginning of the period 23,215 31,851
Cash and cash equivalents at the end of the period 43,544 17,247
Supplemental disclosure of non-cash investing and financing activities:    
Purchase of property and equipment 33 240
Exercise of warrants into Ordinary Shares 5,177  
Cash paid during the period:    
Cash paid for interest   3
Cash paid for taxes $ 220 $ 310