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8-K
PROTALIX BIOTHERAPEUTICS, INC. filed this Form 8-K on 08/09/2018
Entire Document
 

 

 

PROTALIX BIOTHERAPEUTICS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. dollars in thousands)
(Unaudited)

 

   June 30, 2018   December 31, 2017 
ASSETS          
           
CURRENT ASSETS:           
Cash and cash equivalents   $28,327   $51,163 
Accounts receivable – Trade    5,248    1,721 
Other assets    2,499    1,934 
Inventories    6,978    7,833 
Total current assets   $43,052   $62,651 
           
FUNDS IN RESPECT OF EMPLOYEE RIGHTS UPON RETIREMENT    1,729    1,887 
PROPERTY AND EQUIPMENT, NET    6,940    7,676 
Total assets   $51,721   $72,214 
           
LIABILITIES NET OF CAPITAL DEFICIENCY           
           
CURRENT LIABILITIES:           
           
Accounts payable and accruals:           
Trade   $6,001   $7,521 
Other    9,071    9,310 
    Convertible notes         5,921 
Total current liabilities   $15,072   $22,752 
           
LONG TERM LIABILITIES:          
Convertible notes    46,742    46,267 
Deferred revenues    31,885    26,851 
Liability for employee rights upon retirement    2,335    2,586 
Other long term liabilities    5,258    5,051 
Total long term liabilities   $86,220   $80,755 
Total liabilities   $101,292   $103,507 
           
COMMITMENTS          
           
CAPITAL DEFICIENCY    (49,571)   (31,293)
Total liabilities net of capital deficiency   $51,721   $72,214