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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 1,667 $ (7,264)
Adjustments required to reconcile net income (loss) to net cash used in operating activities:    
Share based compensation 431 290
Depreciation 376 405
Financial expenses (income), net (mainly exchange differences) (241) 20
Changes in accrued liability for employee rights upon retirement 44 (24)
Loss on amounts funded in respect of employee rights upon retirement 59  
Amortization of debt issuance costs and debt discount 820 704
Changes in operating assets and liabilities:    
Decrease in contracts liability (including non-current portion) (7,171) (487)
Increase in accounts receivable and other assets (4,091) (3,608)
Changes in right of use assets 10 (36)
Decrease (increase) in inventories (1,333) 1,862
Increase in accounts payable and accruals 2,611 864
Decrease in other long term liabilities (299) (2)
Net cash used in operating activities (7,117) (7,276)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Increase in bank deposits (including long-term deposits) (35,000)  
Purchase of property and equipment (66) (170)
Decrease (increase) in restricted deposit 22 (214)
Amounts funded in respect of employee rights upon retirement, net (35) 13
Net cash used in investing activities (35,079) (371)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock and warrants, net of issuance cost 38,607  
Net cash provided by financing activities 38,607  
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (37) 202
NET DECREASE IN CASH AND CASH EQUIVALENTS (3,626) (7,445)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 17,792 37,808
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF PERIOD 14,166 30,363
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:    
Purchase of property and equipment 147 $ 128
Right of use assets obtained in exchange for new operating lease liabilities 233  
Note receivable from issuance of common stock and warrants, net of issuance cost $ 2,736