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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES $ 1,769 $ 1,336 $ 2,448 $ 3,028
COST OF REVENUES (1,675) (225) (2,198) (507)
GROSS PROFIT 94 1,111 250 2,521
RESEARCH AND DEVELOPMENT EXPENSES [1] (10,013) (6,023) (17,347) (12,123)
Less - grants 2,194 1,329 3,503 2,457
RESEARCH AND DEVELOPMENT EXPENSES, NET (7,819) (4,694) (13,844) (9,666)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES [1] (2,206) (2,001) (4,201) (3,823)
OPERATING LOSS (9,931) (5,584) (17,795) (10,968)
FINANCIAL EXPENSES (901) (642) (1,805) (1,799)
FINANCIAL INCOME 96 43 338 71
FINANCIAL EXPENSES - NET (805) (599) (1,467) (1,728)
LOSS FROM CONTINUING OPERATIONS (10,736) (6,183) (19,262) (12,696)
(LOSS) INCOME FROM DISCONTINUED OPERATIONS (117) 1,112 (189) 1,653
NET LOSS FOR THE PERIOD $ (10,853) $ (5,071) $ (19,451) $ (11,043)
NET LOSS PER SHARE OF COMMON STOCK - BASIC AND DILUTED:        
Loss from continuing operations (in dollars per share) $ (0.11) $ (0.06) $ (0.2) $ (0.14)
Income from discontinued operations (in dollars per share) 0 0.01 0 0.02
Net loss per share of common stock (in dollars per share) $ (0.11) $ (0.05) $ (0.2) $ (0.12)
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK USED IN COMPUTING LOSS PER SHARE - BASIC AND DILUTED: (in shares) 99,758,511 93,635,213 99,737,348 93,418,666
[1] Includes share-based compensation