XML 18 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (8,598) $ (5,972)
Income (loss) from discontinued operations (72) 541
Loss from continuing operations (8,526) (6,513)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Share based compensation 375 419
Depreciation 516 616
Financial expenses, net (mainly exchange differences) (130) 284
Changes in accrued liability for employee rights upon retirement 43 (4)
Gain on amounts funded in respect of employee rights upon retirement (1) (1)
Amortization of debt issuance costs and debt discount $ 110 110
Changes in operating assets and liabilities:    
Increase in deferred revenues 181
Increase in accounts receivable and other assets $ (1,215) (803)
Decrease in inventories 30 16
Decrease in accounts payable and accruals (including long term ) (470) (472)
Net cash used in continuing operations (9,268) (6,167)
Net cash used in discontinued operations (357) (254)
Net cash used in operating activities (9,625) (6,421)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (251) $ (99)
Amounts funded in respect of employee rights upon retirement, net (42)
Net cash used in investing activities (293) $ (99)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 213 (289)
NET DECREASE IN CASH AND CASH EQUIVALENTS (9,705) (6,809)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 76,374 54,767
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF PERIOD 66,669 47,958
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:    
Purchase of property and equipment 320 194
SUPPLEMENTARY DISCLOSURE ON CASH FLOWS    
Interest paid $ 1,553 $ 1,553