Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Consolidated Interim Statements of Cash Flows (Unaudited)
₪ in Thousands, $ in Thousands
 6 Months Ended
Jun. 30, 2018
ILS (₪)
Jun. 30, 2018
USD ($)
Jun. 30, 2017
ILS (₪)
Cash flows used in operating activities:      
Comprehensive loss ₪ (12,818) $ (3,513) ₪ (11,037)
Adjustments for:      
Depreciation and amortization 600 164 601
Share-based compensation to employees and consultants 2,141 588 1,056
Changes in fair market value of services received through the Alpha Agreement 1,530 419
Recognition of unrecognized day one loss 433 119
Exchange differences on cash and cash equivalents (59) (16) 75
Loss from changes in fair value of financial instruments 589 161
Exchange differences on restricted cash (27) (7) 50
Total net cash used in operations (7,611) (2,085) (9,255)
Changes in operating asset and liability items:      
Increase in trade receivables (1,190) (326)
Increase in inventory (1,645) (451) (63)
Decrease (increase) in other receivables (including long-term receivables) (196) (54) 2,757
(Decrease) in trade payables (including long-term payables) (507) (139) (2,998)
Decrease (increase) in accrued liabilities and other payables (446) (122) 169
Increase (decrease) in royalties to the IIA (111) (30) (26)
Total changes in operating asset and liability (4,095) (1,122) (161)
Net cash used in operating activities (11,706) (3,207) (9,416)
Cash flows from investing activities:      
Purchase of property and equipment (2,329) (638) (45)
Net cash used in investing activities (2,329) (638) (45)
Cash flows from financing activities:      
Proceeds from issue of shares and warrants, net of issue expenses 5,438 1,490 6,788
Exercise of warrants into shares 3,618
Loan received 210 58
Payments made for equipment on financing terms (126) (35) (127)
Net cash provided by financing activities 5,522 1,513 10,279
Increase (Decrease) in cash and cash equivalents (8,513) (2,332) 818
Cash and cash equivalents at the beginning of the period 17,817 4,881 3,797
Exchange differences on cash and cash equivalents 59 16 (75)
Cash and cash equivalents at the end of the period 9,363 2,565 ₪ 4,540
Non-cash investing activities:      
Conversion of Debentures to pre-paid warrant ₪ 12,708 $ 3,482