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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 12,490 $ 9,187
Restricted cash 620 652
Short-term bank deposits 122,956 34,040
Other accounts receivable and prepaid expenses 1,088 1,121
Total current assets 137,154 45,000
NON-CURRENT ASSETS:    
Long-term prepaid expenses 1,219 693
Severance pay fund 2,513 2,485
Operating lease right to use asset 3,012 3,247
Property and equipment, net 2,022 2,338
Total non-current assets 8,766 8,763
Total assets 145,920 53,763
CURRENT LIABILITIES:    
Trade payables 1,111 1,088
Short-term deferred participation in R&D expenses 750 774
Current maturity of operating lease liability 519 600
Other accounts payable and accrued expenses 5,682 4,357
Total current liabilities 8,062 6,819
NON- CURRENT LIABILITIES:    
Long-term deferred participation in R&D expenses 2,421 2,691
Long term operating lease liability 2,788 2,978
Accrued severance pay 3,182 2,954
Total non-current liabilities 8,391 8,623
COMMITMENTS AND CONTINGENT LIABILITIES (NOTE 5)
SHAREHOLDERS' EQUITY:    
Ordinary shares of NIS 0.01 par value: 200,000,000 shares authorized at June 30, 2020 and December 31, 2019; 82,694,209 and 67,922,836 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 227 187
Additional paid-in capital 500,792 396,312
Accumulated deficit (371,552) (358,178)
Total shareholders' equity 129,467 38,321
Total liabilities and shareholders' equity $ 145,920 $ 53,763