XML 25 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (29,365) $ 58,037 $ (29,943)
Income (loss) from discontinued operations (189) 85,319 3,355
Loss from continuing operations (29,176) (27,282) (33,298)
Adjustments required to reconcile net income (loss) to net cash used in operating activities:      
Share based compensation 988 1,802 1,242
Depreciation 1,983 2,370 3,140
Financial expenses, net 13 124 1,446
Changes in accrued liability for employee rights upon retirement 10 59 140
Loss (gain) on amounts funded in respect of employee rights upon retirement 7 18 (22)
Gain on sale of fixed assets (7) (2) (3)
Gain on extinguishment of convertible notes (14,063)    
Change in fair value of convertible notes embedded derivative 6,473    
Amortization of debt issuance costs and debt discount 568 445 444
Changes in operating assets and liabilities:      
Increase (decrease) in deferred revenues (including non-current potion) (411) 362 886
Decrease (increase) in accounts receivable and other assets (1,133) 523 (1,006)
Decrease (increase) in inventories 522 (2,316) (3,451)
Increase (decrease) in accounts payable and accruals (including long term ) 2,139 (1,873) 1,367
Net cash used in continuing operations (32,087) (25,770) (29,115)
Net cash provided by (used in) discontinued operations (11) 1,486 (166)
Net cash used in operating activities (32,098) (24,284) (29,281)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (849) (464) (785)
Proceeds from sale of property and equipment 20 3 11
Decrease (increase) in restricted deposit (106) 45 (90)
Amounts funded in respect of employee rights upon retirement, net (32) (96) (137)
Net cash used in continuing operations (967) (512) (1,001)
Net cash provided by discontinued operations 39,899  
Net cash provided by (used in) investing activities (967) 39,387 (1,001)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from issuance of convertible notes 19,681  
Issuance of shares, net of issuance cost 6,101  
Exercise of options 14 534 46
Net cash provided by financing activities 19,695 6,635 46
EFFECT OF EXCHANGE RATE CHANGES ON CASH 277 (131) (1,395)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (13,093) 21,607 (31,631)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 76,374 54,767 86,398
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF YEAR 63,281 76,374 54,767
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:      
Purchase of property and equipment 595 489 120
Issuance of promissory note 0 4,301  
Issuance of common stock, net of issuance cost 6,848    
SUPPLEMENTARY DISCLOSURE ON CASH FLOWS      
Interest paid $ 3,659 $ 3,105 $ 3,079