|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified
|
6 Months Ended |
141 Months Ended |
|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2012
|
| Cash flows from operating activities: |
|
|
|
|
| Net loss |
$ (1,702) |
$ (1,802) |
$ (45,780) |
[1] |
| Less - loss for the period from discontinued operations |
0 |
0 |
164 |
[1] |
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
| Depreciation and amortization of deferred charges |
77 |
76 |
1,078 |
[1] |
| Severance pay, net |
1 |
(35) |
13 |
[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 |
8 |
222 |
21,494 |
[1] |
| Stock-based compensation related to options granted to employees |
313 |
443 |
7,134 |
[1] |
| Decrease (increase) in accounts receivable and prepaid expenses |
(177) |
251 |
(558) |
[1] |
| Increase (decrease) in trade payables |
271 |
(11) |
988 |
[1] |
| Increase in other accounts payable and accrued expenses |
44 |
1 |
1,441 |
[1] |
| Erosion of restricted cash |
0 |
0 |
(6) |
[1] |
| Net cash used in continuing operating activities |
(1,165) |
(855) |
(12,512) |
[1] |
| Net cash used in discontinued operating activities |
0 |
0 |
(23) |
[1] |
| Total net cash used in operating activities |
(1,165) |
(855) |
(12,535) |
[1] |
| Cash flows from investing activities: |
|
|
|
|
| Purchase of property and equipment |
(61) |
(37) |
(1,194) |
[1] |
| Restricted cash |
0 |
0 |
6 |
[1] |
| Investment in lease deposit |
0 |
(8) |
(17) |
[1] |
| Net cash used in continuing investing activities |
(61) |
(45) |
(1,205) |
[1] |
| Net cash used in discontinued investing activities |
0 |
0 |
(16) |
[1] |
| Total net cash used in investing activities |
(61) |
(45) |
(1,221) |
[1] |
| Cash flows from financing activities: |
|
|
|
|
| Proceeds from issuance of Common stock, net |
0 |
3,626 |
12,319 |
[1] |
| Proceeds from loans, notes and issuance of warrants, net |
0 |
0 |
2,061 |
[1] |
| Proceeds from exercise of warrants and options |
146 |
80 |
777 |
[1] |
| Repayment of short-term loans |
0 |
0 |
(601) |
[1] |
| Net cash provided by continuing financing activities |
146 |
3,706 |
14,556 |
[1] |
| Net cash provided by discontinued financing activities |
0 |
0 |
43 |
[1] |
| Total net cash provided by financing activities |
146 |
3,706 |
14,599 |
[1] |
| Increase (decrease) in cash and cash equivalents |
(1,080) |
2,806 |
843 |
[1] |
| Cash and cash equivalents at the beginning of the period |
1,923 |
93 |
0 |
|
| Cash and cash equivalents at end of the period |
843 |
2,899 |
843 |
|
| Non-cash financing activities: |
|
|
|
|
| Conversion of convertible loan and convertible note to shares Conversion of trade payable to Common Stock $ 84 |
0 |
137 |
|
|
| Conversion of other accounts payable to Common Stock |
$ 0 |
$ 24 |
|
|
|
|
|