XML 15 R5.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES:        
Comprehensive loss $ (16,047) $ (10,908) $ (33,204) $ (20,778)
Adjustments in respect of income and expenses not involving cash flow:        
Share-based compensation to employees and service providers 623 937 1,425 1,496
Depreciation 417 226 767 456
Amortization and impairment of intangible assets 1,773   2,849  
Unpaid interest expenses related to borrowing and payable in respect of intangible assets purchase 1,513   1,617  
Fair value adjustments on derivative financial instruments   (1,304)   (331)
Fair value losses (gains) on financial assets at fair value through profit or loss (38) (35) 37 (87)
Exchange differences and revaluation of bank deposits (6) (48) (165) (68)
Total adjustments in respect of income and expenses not involving cash flow 4,282 (224) 6,530 1,466
Changes in assets and liability items:        
Decrease (increase) in trade receivables (16,853) 457 (17,354) (5)
Increase in prepaid expenses and other receivables (3,266) (1,072) (2,626) (439)
Increase in inventory (1,983) (538) (2,868) (1,057)
Increase in accounts payable 2,123 330 1,124 1,419
Increase in accrued expenses and other current liabilities 16,715 1,502 21,695 1,408
Total changes in assets and liability items (3,264) 679 (29) 1,326
Net cash used in operating activities (15,029) (10,453) (26,703) (17,986)
INVESTING ACTIVITIES:        
Purchase of fixed assets (20) (128) (191) (134)
Purchase of intangible assets (52,500)   (52,633)  
Change in investment in current bank deposits 1,000 (3,200) 4,200 (1,069)
Purchase of financial assets at fair value through profit or loss   (1,942)   (2,575)
Proceeds from sale of financial assets at fair value through profit or loss 1,725 1,880 3,950 2,100
Net cash used in investing activities (49,795) (3,390) (44,674) (1,678)
FINANCING ACTIVITIES:        
Proceeds from issuance of ordinary shares, net of issuance costs 6,363   6,363  
Proceeds from long-term borrowing, net of transaction costs (500)   78,845  
Movement in restricted cash     (20,000)  
Payment of principal with respect to lease liabilities (404) (199) (736) (385)
Net cash provided by (used in) financing activities 5,459 (199) 64,472 (385)
DECREASE IN CASH AND CASH EQUIVALENTS (59,365) (14,042) (6,905) (20,049)
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS 23 23 154 39
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 81,614 23,014 29,023 29,005
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF PERIOD 22,272 8,995 22,272 8,995
SUPPLEMENTARY INFORMATION ON INTEREST RECEIVED IN CASH 71 162 249 325
SUPPLEMENTARY INFORMATION ON INTEREST PAID IN CASH 2,129 48 2,360 71
Long-term borrowing transaction costs posted as payable     784  
Acquisition of right-of-use assets by means of lease liabilities 630 $ 1,101 2,205 $ 2,681
Purchase of intangible assets posted as payable $ 12,058   $ 12,808