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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES $ 4,364 $ 3,523 $ 0
COST OF REVENUES (730) (630) 0
GROSS PROFIT 3,634 2,893 0
RESEARCH AND DEVELOPMENT EXPENSES (24,889) (27,352) (29,225)
Less - grants 4,864 5,128 3,213
RESEARCH AND DEVELOPMENT EXPENSES, NET (20,025) (22,224) (26,012)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (7,279) (9,228) (8,051)
OPERATING LOSS (23,670) (28,559) (34,063)
FINANCIAL EXPENSES (3,735) (4,935) (1,065)
FINANCIAL INCOME 123 196 391
FINANCIAL EXPENSES - NET (3,612) (4,739) (674)
LOSS FROM CONTINUING OPERATIONS (27,282) (33,298) (34,737)
INCOME FROM DISCONTINUED OPERATIONS 85,319 3,355 6,947
NET INCOME (LOSS) FOR THE YEAR $ 58,037 $ (29,943) $ (27,790)
NET INCOME (LOSS) PER SHARE OF COMMON STOCK - BASIC AND DILUTED      
Loss from continuing operations (in dollars per share) $ (0.29) $ (0.36) $ (0.38)
Income from discontinued operations (in dollars per share) 0.90 0.04 0.08
Net income (loss) per share of common stock (in dollars per share) $ 0.61 $ (0.32) $ (0.3)
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK USED IN COMPUTING LOSS PER SHARE OF COMMON STOCK, BASIC AND DILUTED (in shares) 94,922,390 92,891,846 92,368,138