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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Loss for the year $ (14,657) $ (15,942) $ (1,913)
Adjustments to reconcile loss to net cash used in operating activities: 3,184 11,151 (397)
Net cash used in operating activities (11,473) (4,791) (2,310)
Cash Flows from Investing Activities      
Sales of marketable securities 128
Changes in short term deposits (337) (11,779) (390)
Investment in affiliated company (5,065) (1,422)
Purchase of fixed assets (733) (271) (73)
Net cash used in investing activities (6,135) (12,050) (1,757)
Cash flows from Financing Activities:      
Issuance of ordinary shares and warrants, net of issuance expenses 11,208 10,745 6,256
Proceeds from exercise of Warrants 125 12,009
Proceeds from exercise of Options 34 641
Acquisition of a subsidiary in connection with reverse recapitalization (See below) 1,245
Net cash provided by financing activities 11,367 23,395 7,501
Effect of exchange rate changes on cash and cash equivalents (237) (282) (70)
Increase (Decrease) in cash and cash equivalents (6,478) 6,272 3,364
Cash and cash equivalents at the beginning of the period 9,636 3,364
Cash and cash equivalents at the end of the period 3,158 9,636 3,364
Adjustments to reconcile loss to net cash used in operating activities:      
Share-based payment 2,040 2,455 405
Depreciation 235 49 11
Revaluation of derivative warrant liabilities (2,071) 12,180 (1,847)
Equity in loss (gain) of an affiliated company 2,905 (156) 108
Revaluation of other investments (316) (3,967)
Revaluation of securities classified as trading (1) (4) (104)
Realized loss of securities classified as available-for-sale, net 31
Issuance expenses presented in financing activities 166
Exchange rate changes on cash and cash equivalents 237 282 70
Changes in assets and liabilities:      
Decrease (Increase) in other current assets 11 (378) 427
Increase in trade payables 14 226 104
Decrease in other payables 130 464 232
Adjustments to reconcile loss to net cash used in operating activities 3,184 11,151 (397)
Assets (liabilities) acquired:      
Current assets and liabilities excluding cash and cash equivalents (5)
Marketable equity securities (49)
Fixed assets (5)
Other current assets (429)
Reverse recapitalization effect on equity 1,733
Cash acquired in connection reverse recapitalization 1,245
Non Cash Activities:      
Exercise of Warrant investment (see note 4C2) $ 4,004