|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2014
|
Sep. 30, 2013
|
Sep. 30, 2014
|
Sep. 30, 2013
|
| Cash flows from operating activities: |
|
|
|
|
| Net loss |
$ (2,421) |
$ (1,082) |
$ (6,516) |
$ (3,682) |
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
| Depreciation and amortization of deferred charges |
30 |
27 |
80 |
77 |
| Expenses related to shares and options granted to service providers |
76 |
11 |
186 |
213 |
| Amortization of deferred stock-based compensation related to options granted to employees |
280 |
(75) |
578 |
439 |
| Decrease (increase) in accounts receivable and prepaid expenses |
341 |
198 |
405 |
231 |
| Increase in trade payables |
547 |
73 |
1,076 |
88 |
| Increase (decrease) in other accounts payable and accrued expenses |
66 |
135 |
(13) |
188 |
| Revaluation of warrants |
(38) |
0 |
1,724 |
0 |
| Total net cash used in operating activities |
(1,119) |
(713) |
(2,480) |
(2,446) |
| Cash flows from investing activities: |
|
|
|
|
| Purchase of property and equipment |
0 |
(31) |
(94) |
(97) |
| Changes in short-term deposit |
(1,600) |
(3,006) |
(1,600) |
(2,017) |
| Investment in lease deposit |
(6) |
(2) |
1 |
(11) |
| Total net cash used in investing activities |
(1,606) |
(3,039) |
(1,693) |
(2,125) |
| Cash flows from financing activities: |
|
|
|
|
| Proceeds from issuance of Common stock, net |
(104) |
3,326 |
9,554 |
3,576 |
| Proceeds from exercise of warrants and options |
470 |
0 |
685 |
7 |
| Redemption of warrants in cash |
0 |
0 |
(600) |
0 |
| Total net cash provided by financing activities |
366 |
3,326 |
9,639 |
3,583 |
| Increase (decrease) in cash and cash equivalents |
(2,359) |
(426) |
5,466 |
(988) |
| Cash and cash equivalents at the beginning of the period |
11,328 |
755 |
3,503 |
1,317 |
| Cash and cash equivalents at end of the period |
8,969 |
329 |
8,969 |
329 |
| Non-cash financing activities: |
|
|
|
|
| Stock issued for warrants exchange |
0 |
0 |
1,633 |
0 |
| Warrants liability classified as equity |
0 |
0 |
42 |
0 |
| Total non-cash financing activities |
$ 0 |
$ 0 |
$ 1,675 |
$ 0 |