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, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net loss $ (9,587) $ (6,571) $ (6,433)
Adjustments to reconcile loss to net cash used:      
Depreciation of property, plant and equipment and amortization 42 14 19
Change in other receivables 201
Share-based payment 385 535 192
Changes in fair value of warrants liability exercisable into shares (3,037) (72)
Changes in fair value of short-term investment 209 644 5
Gain from sale of investment in previously consolidated subsidiaries (a) (769)
Exchange differences on balances of cash and cash equivalents (2) 89 83
Adjustments for reconcile profit loss (2,202) 1,282 (542)
Working capital adjustments:      
Increase in accounts receivable, prepaid expenses 270 (853) (2,907)
Decrease in trade payable 1,085 644 293
Increase (decrease) in deferred revenues 146 1,218 (289)
Increase (decrease) in other accounts payable (512) 125 906
Adjustments for working capital 989 1,134 (1,997)
Net cash used in operating activities (10,800) (4,155) (8,972)
Cash flows from investing activities:      
Purchase of property, plant and equipment (3) (33) (7)
Increase in other receivables (250)
Proceeds from sale of investments in previously consolidated subsidiaries (a) (22)
Net cash used in investing activities (253) (33) (29)
Cash flows from financing activities:      
Repayment of lease liabilities (34)
Issuance of share capital and warrants, net of issuance expenses 10,167 4,387 4,474
Net cash provided by financing activities 10,133 4,387 4,474
Exchange differences on balances of cash and cash equivalents 2 (89) (83)
Increase (decrease) in cash and cash equivalents (918) 110 (4,610)
Cash and cash equivalents at the beginning of the year 3,615 3,505 8,115
Cash and cash equivalents at the end of the year 2,697 3,615 3,505
Supplemental disclosure of cash flow information:      
Cash paid during the year for income taxes 4 29
Cash received during the year for interest 72 51 69
Cash paid during the year for interest 29 18 23
The subsidiaries’ assets and liabilities at date of sale:      
Working capital (excluding cash and cash equivalents) (53)
Treasury shares deduction, net 132
Non-controlling interests 52
Gain (loss) from sale of subsidiaries 769
Long term investments (922)
Total of subsidiaries’ assets and liabilities $ (22)