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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016
COST OF GOODS SOLD | $ (9,302) | $ (15,231) | $ (8,398)
RESEARCH AND DEVELOPMENT EXPENSES | (35,534) | (32,170) | (30,412)
Less - grants | 2,204 | 3,336 | 5,804
RESEARCH AND DEVELOPMENT EXPENSES, NET | (33,330) | (28,834) | (24,608)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | (10,916) | (11,530) | (9,356)
OPERATING LOSS | (19,308) | (34,517) | (33,163)
FINANCIAL EXPENSES | (7,685) | (9,725) | (4,192)
FINANCIAL INCOME | 536 | 188 | 589
LOSS FROM CHANGE IN FAIR VALUE OF CONVERTIBLE NOTES EMBEDDED DERIVATIVE |  | (38,061) | (6,473)
(LOSS) GAIN ON EXTINGUISHMENT OF CONVERTIBLE NOTES |  | (1,325) | 14,063
FINANCIAL (EXPENSES) INCOME - NET | (7,149) | (48,923) | 3,987
LOSS FROM CONTINUING OPERATIONS | (26,457) | (83,440) | (29,176)
LOSS FROM DISCONTINUED OPERATIONS |  |  | (189)
NET LOSS FOR THE YEAR | $ (26,457) | $ (83,440) | $ (29,365)
NET LOSS PER SHARE OF COMMON STOCK – BASIC AND DILUTED |  |  |
Loss from continuing operations | $ (0.18) | $ (0.64) | $ (0.29)
Loss from discontinued operations |  |  | 0.00
Net loss per share of common stock | $ (0.18) | $ (0.64) | $ (0.29)
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK USED IN COMPUTING LOSS PER SHARE OF COMMON STOCK, BASIC AND DILUTED | 147,135,182 | 131,085,958 | 101,387,704
Goods [Member] |  |  |
REVENUES | $ 8,978 | $ 19,242 | $ 9,199
License and R&D Services [Member] |  |  |
REVENUES | $ 25,262 | $ 1,836 |

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