| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||
Net loss | ||||||||||
-18,276 | -26,457 | -83,440 | -29,365 | 58,037 | -29,943 | -27,790 | -11,618 | -36,529 | -28,998 | -31,440 |
Loss from discontinued operations | ||||||||||
- | - | - | -189 | 85,319 | 3,355 | 6,947 | - | - | - | - |
Loss from continuing operations | ||||||||||
- | - | - | -29,176 | -27,282 | -33,298 | -34,737 | - | - | - | - |
Adjustments required to reconcile net loss to net cash used in operating activities: | ||||||||||
Share based compensation | ||||||||||
835 | 514 | 337 | 988 | 1,802 | 1,242 | 4,089 | 7,751 | 886 | 1,282 | 2,683 |
Depreciation | ||||||||||
1,617 | 1,671 | 1,920 | 1,983 | 2,370 | 3,140 | 3,539 | 3,692 | - | - | - |
Depreciation and write down of fixed assets | ||||||||||
- | - | - | - | - | - | - | - | 3,631 | 3,133 | 1,990 |
Financial expenses (income), net (mainly exchange differences) | ||||||||||
-378 | -20 | 40 | -13 | -124 | -1,446 | 264 | 171 | -350 | 591 | 166 |
Changes in accrued liability for employee rights upon retirement | ||||||||||
-10 | -18 | -18 | 10 | 59 | 140 | 200 | 276 | 155 | 377 | 265 |
Gain on amounts funded in respect of employee rights upon retirement | ||||||||||
58 | 46 | 21 | -7 | -18 | 22 | 58 | 36 | 14 | - | - |
Loss on sale of fixed assets | ||||||||||
- | - | -6 | 7 | 2 | 3 | - | 0 | -8 | 0 | -29 |
Loss on extinguishment of convertible notes | ||||||||||
0 | 0 | -1,325 | 14,063 | 0 | - | - | - | - | - | - |
Net loss (income) in connection with conversion of convertible notes | ||||||||||
- | -213 | 116 | - | - | - | - | - | - | - | - |
Change in fair value of convertible notes embedded derivative | ||||||||||
0 | 0 | -38,061 | -6,473 | 0 | - | - | - | - | - | - |
Gain on amounts funded in respect of employee rights upon retirement | ||||||||||
- | - | - | - | - | - | - | - | - | 26 | 81 |
Amortization of debt issuance costs and debt discount | ||||||||||
2,991 | 2,602 | 2,334 | 568 | 445 | 444 | 127 | 0 | 0 | - | - |
Issuance of shares for interest payment in connection with conversions of convertible notes | ||||||||||
0 | 234 | 2,391 | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||
Increase (decrease) in contracts liability (including non-current portion) | ||||||||||
-9,580 | 17,880 | 24,178 | -411 | - | - | - | - | - | - | - |
Increase (decrease) in deferred revenues | ||||||||||
- | - | - | - | 362 | 886 | - | 1,281 | -3,005 | -4,563 | 64,612 |
Decrease (increase) in accounts receivable and other assets | ||||||||||
-188 | 3,099 | -25 | 1,133 | -523 | 1,006 | -2,238 | -243 | -3,891 | 6,860 | 1,224 |
Changes in right of use assets | ||||||||||
110 | - | - | - | - | - | - | - | - | - | - |
Decrease (increase) in inventories | ||||||||||
-414 | 736 | 2,588 | -522 | 2,316 | 3,451 | - | 3,760 | -910 | 1,189 | - |
Increase (decrease) in accounts payable and accruals | ||||||||||
2,735 | -761 | 4,902 | 2,139 | -1,873 | 1,367 | 869 | 2,977 | 6,147 | -1,029 | 7,784 |
Increase (decrease) in other long term liabilities | ||||||||||
-482 | 241 | 750 | - | - | - | - | - | - | - | - |
Net cash used in continuing operations | ||||||||||
- | - | - | -32,087 | -25,770 | -29,115 | -23,997 | 635 | -23,570 | - | - |
Net cash provided by discontinued operations | ||||||||||
- | - | - | -11 | 1,486 | -166 | -6,656 | - | - | - | - |
Net cash used in operating activities | ||||||||||
-19,358 | -7,742 | -9,994 | -32,098 | -24,284 | -29,281 | -30,653 | - | - | -38,464 | 44,452 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||
Purchase of property and equipment | ||||||||||
627 | 686 | 971 | 849 | 464 | 785 | 1,890 | 2,068 | 5,705 | 7,855 | 6,195 |
Proceeds from sale of property and equipment | ||||||||||
- | - | 3 | 20 | 3 | 11 | - | 0 | 2 | 0 | 73 |
Decrease (increase) in restricted deposit | ||||||||||
259 | -62 | 146 | 106 | -45 | 90 | 42 | 80 | 0 | - | - |
Amounts funded in respect of employee rights upon retirement, net | ||||||||||
-3 | -33 | 5 | 32 | 96 | 137 | 170 | 138 | 165 | 137 | 52 |
Net cash used in continuing operations | ||||||||||
- | - | - | - | -512 | -1,001 | -2,102 | -2,286 | -5,868 | - | - |
Net cash provided by discontinued operations | ||||||||||
- | - | - | - | 39,899 | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||
-883 | -591 | -1,119 | -967 | 39,387 | -1,001 | -2,102 | - | - | -7,992 | -6,174 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||
Net payment for convertible notes | ||||||||||
0 | 4,752 | 10,961 | - | - | - | - | - | - | - | - |
Net proceeds from issuance of convertible notes | ||||||||||
- | - | 9,542 | 19,681 | - | 0 | 66,780 | 0 | 0 | - | - |
Issuance of shares, net of issuance cost | ||||||||||
- | - | - | - | 6,101 | - | - | 25,328 | 20,650 | 0 | - |
Exercise of options | ||||||||||
- | - | - | 14 | 534 | 46 | 112 | 1,230 | 277 | 501 | 293 |
Net cash used in financing activities | ||||||||||
- | - | - | - | - | 46 | 66,892 | 26,558 | 20,927 | - | - |
Net cash used in financing activities | ||||||||||
0 | -4,752 | -1,419 | 19,695 | 6,635 | - | - | - | - | 501 | 293 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | ||||||||||
225 | -270 | 414 | 277 | -131 | -1,395 | 226 | 127 | -388 | 589 | 99 |
NET DECREASE IN CASH AND CASH EQUIVALENTS | ||||||||||
-20,016 | -13,355 | -12,118 | - | - | - | - | - | - | - | - |
NET DECREASE IN CASH AND CASH EQUIVALENTS | ||||||||||
- | - | - | -13,093 | 21,607 | -31,631 | 34,363 | 25,034 | -8,899 | -45,366 | 38,670 |
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS: | ||||||||||
Purchase of property and equipment | ||||||||||
98 | 225 | 526 | 595 | 489 | 120 | 186 | 1,136 | 1,473 | 2,720 | 4,525 |
Issuance of promissory note | ||||||||||
- | - | - | - | 4,301 | - | 0 | - | - | - | - |
Issuance of common stock, net of issuance cost | ||||||||||
- | - | - | 6,848 | - | - | - | - | - | - | - |
Convertible note conversions | ||||||||||
0 | 2,285 | 16,263 | - | - | - | - | - | - | - | - |
Right of use assets obtained in exchange for new operating lease liabilities | ||||||||||
388 | - | - | - | - | - | - | - | - | - | - |
Issuance cost related to convertible note offering not yet paid | ||||||||||
- | - | - | - | - | - | - | - | 60 | 0 | - |
Exercise of options granted to employees | ||||||||||
- | - | - | - | - | - | - | - | 31 | 9 | - |
SUPPLEMENTARY DISCLOSURE ON CASH FLOWS | ||||||||||
Interest paid | ||||||||||
4,344 | 4,585 | 4,854 | 3,659 | 3,105 | 3,079 | 0 | - | - | - | - |