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DISCONTINUED OPERATIONS | 12 Months Ended
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Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | NOTE 12 - DISCONTINUED OPERATIONS As mentioned in note 2, the Company accounted for the termination of the Pfizer Agreement and the sale of the license as a discontinued operation, in accordance with ASU No. 2014-08. The following assets and liabilities associated with the Company’s discontinued operations, have been segregated and classified as assets and liabilities of discontinued operations, as appropriate, in the consolidated balance sheets as of December 31, 2015 and 2016, respectively:
|  |  | December 31, |
(U.S. dollars in thousands) |  |  | 2015 |  | 2016 |
CURRENT ASSETS: |  |  |  |  |  |  |  |
Accounts receivable - Trade |  |  | $ | 1,993 |  | $ | 327 |
Inventories |  |  |  | 80 |  |  |  |
Total current assets of discontinued operation |  |  |  | 2,073 |  |  | 327 |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |
Other Accounts payable and accruals |  |  | $ | 1,568 |  |  |  |
Total current liabilities of discontinued operation |  |  |  | 1,568 |  |  |  |
The following summarizes financial information related to the Company’s discontinued operations, in the Company’s consolidated statements of operations:
|  | Year ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |
(U.S. dollars in thousands) |  |  |  |  |  |  |  |  |  |
REVENUES |  | $ | 10,128 |  | $ | 48,674 |  | $ | 209 |
COMPANY’S SHARE IN COLLABORATION AGREEMENT |  |  | 1,509 |  |  | 5,048 |  |  |  |
COST OF REVENUES |  |  | (8,423) |  |  | (7,697) |  |  | (373) |
GROSS PROFIT (LOSS) |  |  | 3,214 |  |  | 46,025 |  |  | (164) |
RESEARCH AND DEVELOPMENT EXPENSES |  |  | (2,409) |  |  | (586) |  |  |  |
Less –reimbursements |  |  | 2,983 |  |  | 545 |  |  |  |
RESEARCH AND DEVELOPMENT EXPENSES, NET |  |  | 574 |  |  | (41) |  |  |  |
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES |  |  | (433) |  |  | (564) |  |  | (25) |
NET INCOME (LOSS) FOR THE YEAR FROM DISCONTINUED OPERATIONS |  | $ | 3,355 |  | $ | 45,420 |  | $ | (189) |
GAIN ON THE DISPOSAL |  |  |  |  |  | 39,899 |  |  |  |
NET INCOME (LOSS) |  | $ | 3,355 |  | $ | 85,319 |  | $ | (189) |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 + Details
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