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, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net loss $ (6,571) $ (6,433) $ (8,393)
Adjustments to reconcile loss to net cash used:      
Depreciation of property, plant and equipment 14 19 18
Share-based payment 535 192 309
Decrease in severance pay, net (152)
Changes in fair value of warrants liability exercisable into shares (72) (232)
Changes in fair value of short-term investment (previously long-term) 644 5
Gain from sale of investment in previously consolidated subsidiaries (a) (769)
Exchange differences on balances of cash and cash equivalents 89 83 82
Adjustments for reconcile profit loss 1,282 (542) 25
Working capital adjustments:      
Increase in accounts receivable, prepaid expenses and lease deposit (853) (2,907) (1,397)
Decrease in trade payable 644 293 816
Increase (decrease) in deferred revenues 1,218 (289) 335
Increase (decrease) in other accounts payable 125 906 (100)
Adjustments for working capital 1,134 (1,997) (346)
Net cash used in operating activities (4,155) (8,972) (8,714)
Cash flows from investing activities:      
Purchase of property, plant and equipment (33) (7) (10)
Proceeds from sale of investments in previously consolidated subsidiaries (a) (22)
Net cash used in investing activities (33) (29) (10)
Cash flows from financing activities:      
Issuance of share capital and warrants, net of issuance expenses 4,387 4,474
Net cash provided by financing activities 4,387 4,474
Exchange differences on balances of cash and cash equivalents (89) (83) (82)
Increase (decrease) in cash and cash equivalents 110 (4,610) (8,806)
Cash and cash equivalents at the beginning of the year 3,505 8,115 16,921
Cash and cash equivalents at the end of the year 3,615 3,505 8,115
Supplemental disclosure of cash flow information:      
Cash paid during the year for income taxes 4 29 29
Cash received during the year for interest $ 51 $ 69 $ 89