CONDENSED CONSOLIDATED INTERIM CASH FLOW STATEMENTS (UNAUDITED) - USD ($) $ in Thousands | 6 Months Ended |
Jun. 30, 2018 | Jun. 30, 2017 |
CASH FLOWS - OPERATING ACTIVITIES | | |
Comprehensive loss for the period | $ (10,986) | $ (9,752) |
Adjustments required to reflect net cash used in operating activities (see appendix below) | (2,054) | 1,746 |
Net cash used in operating activities | (13,040) | (8,006) |
CASH FLOWS - INVESTING ACTIVITIES | | |
Investments in short-term deposits | (15,000) | (36,422) |
Maturities of short-term deposits | 24,385 | 24,233 |
Proceeds from realization of long-term investment | 1,500 | |
Purchase of property and equipment | (76) | (90) |
Purchase of intangible assets | (37) | (3,721) |
Net cash provided by (used in) investing activities | 10,772 | (16,000) |
CASH FLOWS - FINANCING ACTIVITIES | | |
Issuances of share capital, net | 2,847 | 28,312 |
Repayments of bank loan | (47) | (47) |
Net cash provided by financing activities | 2,800 | 28,265 |
INCREASE IN CASH AND CASH EQUIVALENTS | 532 | 4,259 |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD | 5,110 | 2,469 |
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS | 147 | 218 |
CASH AND CASH EQUIVALENTS - END OF PERIOD | 5,789 | 6,946 |
Income and expenses not involving cash flows: | | |
Depreciation and amortization | 288 | 250 |
Long-term prepaid expenses | (2) | (1) |
Exchange differences on cash and cash equivalents | (147) | (218) |
Gain on adjustment of warrants to fair value | (625) | |
Gain on realization of long-term investment | (500) | |
Share-based compensation | 1,444 | 858 |
Interest and exchange rate differences on short-term deposits | (351) | (273) |
Interest and linkage differences on bank loan | (1) | |
Total income and expense not involving cash flows | 106 | 616 |
Changes in operating asset and liability items: | | |
Increase in prepaid expenses and other receivables | (776) | (623) |
Increase (decrease) in accounts payable and accruals | (1,384) | 1,753 |
Total Change in operating asset and liability | (2,160) | 1,130 |
Total Adjustments required to reflect net cash used in operating acivities | (2,054) | 1,746 |
Supplementary information on interest received in cash | 377 | 258 |
Supplementary non-cash investment | | $ 2,985 |