XML 21 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities:    
Net Loss $ 40,474 $ 207,673
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 55 187
Goodwill and in-process research & development impairments 0 54,345
Contingent Stock Right Remeasurement 0 84,726
Changes in marketable securities and bank deposits, net 0 (142)
Changes in accrued liability for employee severance benefits, net of retirement fund profit (108) (21)
Stock-based compensation 4,343 12,527
Non-cash finance income, net (150) (833)
Changes in operating assets and liabilities, net of effects of businesses acquired:    
Decrease (increase) in trade receivables, prepaid and other assets 4,266 (9,807)
Decrease (increase) in other non-current assets 876 (6,026)
Increase (decrease) in accounts payable and accruals 3,259 (10,908)
Increase in inventory (875) (4,445)
Net cash used in operating activities (28,808) (88,070)
Cash Flows From Investing Activities:    
Purchase of fixed assets 0 (113)
Cash acquired through merger 0 38,641
Proceeds from sale and maturity of marketable securities 1,027 48,577
Net cash provided by investing activities 1,027 87,105
Cash Flows From Financing Activities:    
Proceeds related to issuance of common shares through offerings, net of issuance costs 73,127 53,646
Proceeds related to issuance of stock for stock-based compensation arrangements, net 247 100
Net cash provided by financing activities 73,374 53,746
Increase in cash, cash equivalents and restricted cash 45,593 52,781
Effect of exchange rate on cash, cash equivalents and restricted cash 0 1
Cash, cash equivalents and restricted cash at beginning of the period 58,418 44,584
Cash, cash equivalents and restricted cash at end of the period 104,011 97,366
Cash and cash equivalents 103,406 96,511
Restricted cash 605 855
Total cash, cash equivalents and restricted cash shown in statement of cash flows 104,011 97,366
Supplementary information on investing and financing activities not involving cash flows:    
Issuance of shares under employee stock purchase plan 144 163
Additions to operating lease right of use assets 0 1,120
Additions to operating lease liabilities 0 1,120
Supplemental disclosure of cash flow information:    
Interest received 11 298
Interest paid 1,936 1,946
Fair value of assets acquired 0 117,270
Less liabilities assumed 0 5,827
Net acquired (See “Note 3- Business combination”) 0 111,443
Less cash acquired 0 38,641
Merger net of cash acquired $ 0 $ 72,802