Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net loss $ (4,993)    
Adjustments to reconcile loss to net cash used:      
Depreciation of property, plant and equipment 20    
Share-based payment 196    
Issuance expenses related to warrants exercisable into shares 326    
Decrease in severance pay, net    
Changes in fair value of warrants liability exercisable into shares (2,927)    
Changes in fair value of long-term investment 5    
Gain from sale of investment in previously consolidated subsidiaries (a) (534)    
Exchange differences on balances of cash and cash equivalents 814    
Adjustments for reconcile profit loss (2,100)    
Working capital adjustments:      
Decrease (increase) in accounts receivable, prepaid expenses and lease deposit (1,162)    
Increase (decrease) in trade payable (989)    
Increase (decrease) in deferred revenues (324)    
Increase (decrease) in other accounts payable 22    
Adjustments for working capital (2,453)    
Net cash used in operating activities (9,546)    
Cash flows from investing activities:      
Purchase of property, plant and equipment (7)    
Proceeds from sale of investments in previously consolidated subsidiaries (a) (23)    
Net cash used in investing activities (30)    
Cash flows from financing activities:      
Issuance of share capital and warrants, net of issuance expenses 4,896    
Net cash provided by financing activities 4,896    
Exchange differences on balances of cash and cash equivalents (814)    
Increase (decrease) in cash and cash equivalents (5,494)    
Cash and cash equivalents at the beginning of the year 9,000    
Cash and cash equivalents at the end of the year 3,506 $ 9,000  
Supplemental disclosure of cash flow information:      
Cash paid during the year for income taxes 30    
Cash received during the year for interest 72    
NIS      
Cash flows from operating activities:      
Net loss (17,311) (27,009) $ (19,770)
Adjustments to reconcile loss to net cash used:      
Depreciation of property, plant and equipment 69 71 64
Share-based payment 678 1,171 442
Issuance expenses related to warrants exercisable into shares 1,131 2,122
Decrease in severance pay, net (630) 21
Changes in fair value of warrants liability exercisable into shares (10,148) (6,657) (6,913)
Changes in fair value of long-term investment 17
Gain from sale of investment in previously consolidated subsidiaries (a) (1,853)
Exchange differences on balances of cash and cash equivalents 2,821 443 73
Adjustments for reconcile profit loss (7,285) (5,602) (4,191)
Working capital adjustments:      
Decrease (increase) in accounts receivable, prepaid expenses and lease deposit (4,028) (5,255) 996
Increase (decrease) in trade payable (3,428) 2,908 779
Increase (decrease) in deferred revenues (1,124) 1,249 4,498
Increase (decrease) in other accounts payable 77 (631) (471)
Adjustments for working capital (8,503) (1,729) 5,802
Net cash used in operating activities (33,099) (34,340) (18,159)
Cash flows from investing activities:      
Purchase of property, plant and equipment (24) (40) (177)
Proceeds from sale of property, plant and equipment 10
Proceeds from sale of investments in previously consolidated subsidiaries (a) (79)
Net cash used in investing activities (103) (40) (167)
Cash flows from financing activities:      
Issuance of share capital and warrants, net of issuance expenses 16,974 48,334
Net cash provided by financing activities 16,974 48,334
Exchange differences on balances of cash and cash equivalents (2,821) (443) (73)
Increase (decrease) in cash and cash equivalents (19,049) (34,823) 29,935
Cash and cash equivalents at the beginning of the year 31,203 66,026 36,091
Cash and cash equivalents at the end of the year 12,154 31,203 66,026
Supplemental disclosure of cash flow information:      
Cash paid during the year for income taxes 104 112 16
Cash received during the year for interest $ 251 $ 168 $ 41