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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES $ 54,693 $ 34,240 $ 21,078
COST OF GOODS SOLD (10,895) (9,302) (15,231)
RESEARCH AND DEVELOPMENT EXPENSES (44,693) (35,534) (32,170)
Less - grants 77 2,204 3,336
RESEARCH AND DEVELOPMENT EXPENSES, NET (44,616) (33,330) (28,834)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (9,899) (10,916) (11,530)
OPERATING LOSS (10,717) (19,308) (34,517)
FINANCIAL EXPENSES (7,966) (7,685) (9,725)
FINANCIAL INCOME 407 536 188
LOSS FROM CHANGE IN FAIR VALUE OF CONVERTIBLE NOTES EMBEDDED DERIVATIVE 0 0 (38,061)
LOSS ON EXTINGUISHMENT OF CONVERTIBLE NOTES 0 0 (1,325)
FINANCIAL EXPENSES - NET (7,559) (7,149) (48,923)
NET LOSS FOR THE YEAR $ (18,276) $ (26,457) $ (83,440)
NET LOSS PER SHARE OF COMMON STOCK - BASIC AND DILUTED $ (1.23) $ (1.80) $ (6.37)
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK USED IN COMPUTING LOSS PER SHARE-BASIC AND DILUTED 14,838,213 14,713,518 13,108,596
Goods [Member]      
REVENUES $ 15,866 $ 8,978 $ 19,242
License and R&D Services [Member]      
REVENUES $ 38,827 $ 25,262 $ 1,836