Cash Flow

v3.8.0.1
Consolidated Statements of Cash Flows
₪ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
ILS (₪)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
ILS (₪)
Dec. 31, 2015
ILS (₪)
Cash flows from operating activities:        
Net cash used in operations (see Appendix A) ₪ (17,884) $ (5,158) ₪ (19,357) ₪ (14,498)
Interest received   1
Net cash used in operating activities (17,884) (5,158) (19,357) (14,497)
Cash flows from investing activities:        
Purchase of property and equipment (447) (129) (492) (1,389)
Net cash used in investing activities (447) (129) (492) (1,389)
Cash flows from financing activities:        
Proceeds from issue of shares, warrants and debentures, less issue expenses 29,030 8,374 18,505 10,010
Exercise of options and warrants into shares 3,618 1,044 27
Payments made for equipment on financing terms (253) (73) (19)
Net cash provided by financing activities 32,395 9,345 18,486 10,037
Increase (Decrease) in cash and cash equivalents 14,064 4,058 (1,363) (5,849)
Cash and cash equivalents at the beginning of the year 3,797 1,094 5,317 11,062
Exchange differences on cash and cash equivalents 44 13 157 (104)
Cash and cash equivalents at the end of the year 17,817 5,139 3,797 5,317
A. Net cash used in operations:        
Comprehensive loss (20,880) (6,022) (27,893) (18,650)
Adjustments for:        
Depreciation and amortization 1,050 303 864 788
Share-based compensation to employees and consultants 4,970 1,433 3,572 4,081
Exchange differences on cash and cash equivalents 44 13 157 (104)
Interest received       (1)
Gain from changes in fair value of financial instruments (35) (10)
Exchange differences on restricted cash 54 16 8 (1)
Total net cash used in operations (14,797) (4,267) (23,292) (13,887)
Changes in operating asset and liability items:        
Increase in trade receivables (137) (40) (544) (1,693)
Increase in inventory (213) (61) (487)  
Decrease (increase) in other receivables (including long-term receivables) 101 29 (95) (21)
Increase (decrease) in trade payables (including long-term payables) (2,239) (646) 2,498 854
Increase in accrued liabilities and other payables 379 109 382 249
Increase (decrease) in royalties to the IIA (978) (282) 2,181
Total changes in operating asset and liability (3,087) (891) 3,935 (611)
Net cash used in operations ₪ (17,884) $ (5,158) (19,357) ₪ (14,498)
B. Non-cash investing and financing activities-        
Acquisition of fixed assets against issue of shares and credit See Note 13(A)(1)(C).     ₪ 1,678  

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