| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Loss for the year | ||||||
-12,419 | -18,668 | -15,385 | ||||
Adjustments: | ||||||
Depreciation and amortization | ||||||
1,522 | 822 | 527 | ||||
Financing income, net | ||||||
291 | 275 | 207 | ||||
Gain on sale of property and equipment | ||||||
0 | 6 | 0 | ||||
Share-based payments | ||||||
6,370 | 4,439 | 3,091 | ||||
Income tax expense (benefit) | ||||||
-156 | 44 | 213 | ||||
Total Adjustments | ||||||
7,445 | 5,024 | 3,624 | ||||
Change in inventory | ||||||
-3,224 | -1,938 | 273 | ||||
Change in trade and other accounts receivable | ||||||
1,852 | -3,512 | -2,408 | ||||
Change in prepaid lease fees | ||||||
-39 | -20 | 6 | ||||
Change in trade and other accounts payable | ||||||
-138 | 8,723 | 2,217 | ||||
Change in employee benefits | ||||||
89 | 26 | 21 | ||||
Change in decrease increase in assets and liabilities | ||||||
-1,460 | 3,279 | 109 | ||||
Interest received | ||||||
554 | 301 | 194 | ||||
Income tax paid | ||||||
11 | 38 | 114 | ||||
Income tax and interest received and paid | ||||||
543 | 263 | 80 | ||||
Net cash used in operating activities | ||||||
-5,891 | -10,102 | -11,572 | ||||
Cash flows from investing activities | ||||||
Proceeds from (purchase of) short-term investments, net | ||||||
-10,463 | -11,094 | 9,816 | ||||
Purchase of long-term investments | ||||||
4,537 | 9,823 | 7,538 | ||||
Proceeds from sale of long-term investments | ||||||
0 | 748 | 992 | ||||
Capitalization of development costs | ||||||
0 | 1,902 | 0 | ||||
Purchase of property and equipment | ||||||
2,364 | 2,361 | 702 | ||||
Net cash provided by (used in) investing activities | ||||||
-17,364 | -24,432 | 2,568 | ||||
Cash flows from financing activities | ||||||
Proceeds from issuance of ADR's and warrants, net | ||||||
39,988 | 31,416 | 0 | ||||
Proceeds from exercise of share options by employees and service providers | ||||||
14,945 | 4,100 | 370 | ||||
Proceeds from exercise of warrants by investors | ||||||
0 | 481 | 0 | ||||
Net cash provided by financing activities | ||||||
54,933 | 35,997 | 370 | ||||
Net (decrease) increase in cash and cash equivalents | ||||||
31,678 | 1,463 | -8,634 | ||||
Effect of exchange rate differences on cash and cash equivalents | ||||||
-256 | -28 | -102 | ||||
Supplementary cash flows information: | ||||||
Transfer of inventory to property and equipment, net | ||||||
75 | 0 | 0 | ||||
Purchase of property and equipment on credit | ||||||
-24 | -566 | 0 | ||||
Issuance costs on credit | ||||||
-10 | -19 | 0 | ||||