|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified
|
3 Months Ended |
150 Months Ended |
|
Mar. 31, 2013
|
Mar. 31, 2012
|
Mar. 31, 2013
|
| Cash flows from operating activities: |
|
|
|
|
|
| Net loss |
$ (1,082) |
|
$ (872) |
$ (48,590) |
[1],[2] |
| Less - loss for the period from discontinued operations |
0 |
|
0 |
164 |
[2] |
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
|
| Depreciation and amortization of deferred charges |
33 |
|
38 |
1,191 |
[1] |
| Severance pay, net |
(2) |
|
1 |
15 |
[1] |
| Accrued interest on loans |
0 |
|
0 |
451 |
[1] |
| Amortization of discount on short-term loans |
0 |
|
0 |
1,864 |
[1] |
| Change in fair value of options and warrants |
0 |
|
0 |
(795) |
[1] |
| Expenses related to shares and options granted to service providers |
128 |
|
4 |
21,809 |
[1] |
| Amortization of deferred stock-based compensation related to options granted to employees |
203 |
|
177 |
7,584 |
[1] |
| Decrease (increase) in accounts receivable and prepaid expenses |
128 |
|
(249) |
(660) |
[1] |
| Increase (decrease) in trade payables and convertible note |
(112) |
|
81 |
719 |
[1] |
| Increase in other accounts payable and accrued expenses |
34 |
|
74 |
1,321 |
[1] |
| Erosion of restricted cash |
0 |
|
0 |
(6) |
[1] |
| Net cash used in continuing operating activities |
(670) |
|
(746) |
(14,933) |
[1] |
| Net cash used in discontinued operating activities |
0 |
|
0 |
(23) |
[1] |
| Total net cash used in operating activities |
(670) |
|
(746) |
(14,956) |
[1] |
| Cash flows from investing activities: |
|
|
|
|
|
| Purchase of property and equipment |
(20) |
|
(52) |
(1,243) |
[1] |
| Restricted cash |
0 |
|
0 |
6 |
[1] |
| Investment in short-term deposit |
997 |
|
0 |
(1,772) |
[1] |
| Investment in lease deposit |
(6) |
|
0 |
(23) |
[1] |
| Net cash used in continuing investing activities |
971 |
|
(52) |
(3,032) |
[1] |
| Net cash used in discontinued investing activities |
0 |
|
0 |
(16) |
[1] |
| Total net cash used in (provided by) investing activities |
971 |
|
(52) |
(3,048) |
[1] |
| Cash flows from financing activities: |
|
|
|
|
|
| Proceeds from issuance of Common stock, net |
250 |
|
0 |
17,592 |
[1] |
| Proceeds from loans, notes and issuance of warrants, net |
0 |
|
0 |
2,061 |
[1] |
| Proceeds from exercise of warrants and options |
0 |
|
20 |
777 |
[1] |
| Repayment of short-term loans |
0 |
|
0 |
(601) |
[1] |
| Net cash provided by continuing financing activities |
250 |
|
20 |
19,829 |
[1] |
| Net cash provided by discontinued financing activities |
0 |
|
0 |
43 |
[1] |
| Total net cash provided by financing activities |
250 |
|
20 |
19,872 |
[1] |
| Increase in cash and cash equivalents |
551 |
|
(778) |
1,868 |
[1] |
| Cash and cash equivalents at the beginning of the period |
1,317 |
|
1,923 |
0 |
[1] |
| Cash and cash equivalents at end of the period |
$ 1,868 |
[1] |
$ 1,145 |
$ 1,868 |
[1] |
|
|
|