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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (13,374) $ (14,385)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 968 1,288
Depreciation 377 561
Increase in severance pay, net 200 15
Gain from property and equipment disposal (148)
Decrease in operating lease right of use asset 235 559
Decrease (increase) in interest receivables from short-term bank deposits (316) 60
Decrease in other accounts receivable and prepaid expenses 40 231
Decrease (increase) in long-term prepaid expenses (526) 11
Increase (decrease) in trade payables 70 (1,860)
Increase (decrease) in and other accounts payable and accrued expenses 1,325 (2,165)
Decrease in operating lease liability (271) (316)
Decrease in deferred participation in R&D expenses (294) (265)
Net cash used in operating activities (11,566) (16,414)
Cash flows from investing activities:    
Proceeds from maturity of short-term bank deposits 15,500 29,603
Investment in short-term bank deposits (104,100) (21,200)
Purchase of property and equipment (108) (29)
Proceeds from sales of property and equipment 284
Net cash provided by (used in) investing activities (88,708) 8,658
Cash flows from financing activities:    
Proceeds from issuance of ordinary shares, net 74,147 7,123
Proceeds from exercise of warrants 16,609
Proceeds from exercise of options 12,789 396
Net cash provided by financing activities 103,545 7,519
Increase (decrease) in cash, cash equivalents and restricted cash 3,271 (237)
Cash, cash equivalents and restricted cash at the beginning of the period 9,839 6,466
Cash, cash equivalents and restricted cash at the end of the period 13,110 6,229
Supplemental disclosure of non-cash investing and financing activities:    
Purchase of property and equipment 47 64
Receivables on account of shares $ 7 $ 130