| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS - OPERATING ACTIVITIES | ||||||
Comprehensive loss for the period | ||||||
-24,352 | -15,841 | -14,400 | ||||
Adjustments required to reflect net cash used in operating activities (see appendix below) | ||||||
3,805 | 1,328 | 232 | ||||
Net cash used in operating activities | ||||||
-20,547 | -14,513 | -14,168 | ||||
CASH FLOWS - INVESTING ACTIVITIES | ||||||
Long-term investment | ||||||
-1,000 | 0 | 0 | ||||
Investments in short-term deposits | ||||||
-44,016 | -32,982 | -63,130 | ||||
Maturities of short-term deposits | ||||||
-33,327 | -42,334 | -50,083 | ||||
Maturities of restricted deposits | ||||||
0 | 0 | -166 | ||||
Purchase of property and equipment | ||||||
338 | 52 | 2,683 | ||||
Purchase of intangible assets | ||||||
3,900 | 3 | 36 | ||||
Net cash provided by (used in) investing activities | ||||||
-15,927 | 9,297 | -15,600 | ||||
CASH FLOWS - FINANCING ACTIVITIES | ||||||
Issuances of share capital, net | ||||||
38,773 | 2,183 | 29,053 | ||||
Proceeds of bank loan | ||||||
0 | 0 | 467 | ||||
Repayments of bank loan | ||||||
93 | 93 | 31 | ||||
Net cash provided by financing activities | ||||||
38,680 | 2,090 | 29,489 | ||||
INCREASE IN CASH AND CASH EQUIVALENTS | ||||||
2,206 | -3,126 | -279 | ||||
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS | ||||||
435 | 51 | 33 | ||||
Adjustments required to reflect net cash used in operating activities: | ||||||
Income and expenses not involving cash flows: | ||||||
Depreciation and amortization | ||||||
481 | 482 | 441 | ||||
Long-term prepaid expenses | ||||||
-9 | 6 | -9 | ||||
Exchange differences on cash and cash equivalents | ||||||
-435 | -51 | -33 | ||||
Gain on adjustment of warrants to fair value | ||||||
127 | -207 | -1,292 | ||||
Share-based compensation | ||||||
1,508 | 1,075 | 1,152 | ||||
Interest and exchange rate differences on short-term deposits | ||||||
-530 | -387 | -182 | ||||
Interest and linkage differences on bank loan | ||||||
0 | -1 | 1 | ||||
Warrant issuance costs | ||||||
17 | 0 | 0 | ||||
Total income and expense not involving cash flows | ||||||
1,159 | 917 | 78 | ||||
Changes in operating asset and liability items: | ||||||
Increase in prepaid expenses and other receivables | ||||||
415 | -42 | 42 | ||||
Increase (decrease) in accounts payable and accruals | ||||||
3,061 | 369 | 196 | ||||
Total Change in operating asset and liability | ||||||
2,646 | 411 | 154 | ||||
Total Adjustments required to reflect net cash used in operating acivities | ||||||
3,805 | 1,328 | 232 | ||||
Supplementary information on interest received in cash | ||||||
494 | 453 | 173 | ||||
Supplementary non-cash investment | ||||||
2,985 | 0 | 0 | ||||