NOTE 12—SUPPLEMENTARY FINANCIAL INFORMATION:
December 31 | ||||||||
2017 | 2016 | |||||||
U.S. dollars in thousands |
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a. Other current assets: | ||||||||
Institutions - VAT | $ | 865 | $ | 144 | ||||
Prepaid expenses | 282 | 408 | ||||||
Government grants receivable | 482 | 768 | ||||||
Other | 100 | — | ||||||
$ | 1,729 | $ | 1,320 | |||||
b. Accounts payable—other: | ||||||||
Accrued expenses | $ | 2,956 | $ | 1,923 | ||||
Employee—related accrued expenses | 317 | 217 | ||||||
Provision for vacation | 192 | 126 | ||||||
$ | 3,465 | $ | 2,266 |
Year ended December 31 | ||||||||||||
2017 | 2016 | 2015 | ||||||||||
U.S. dollars in thousands |
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c. Research and development expenses, net: | ||||||||||||
Payroll and related expenses | $ | 4,636 | $ | 2,921 | $ | 2,807 | ||||||
Subcontractors and consultation | 12,450 | 8,894 | 7,227 | |||||||||
Materials | 768 | 556 | 762 | |||||||||
Patent expenses | 797 | 752 | 1,324 | |||||||||
Depreciation | 106 | 88 | 88 | |||||||||
Office rent and maintenance | 721 | 397 | 404 | |||||||||
Other | 481 | 539 | 437 | |||||||||
19,959 | 14,147 | 13,049 | ||||||||||
Government grants (see note 9e) | (2,189 | ) | (1,700 | ) | (1,851 | ) | ||||||
$ | 17,770 | $ | 12,447 | $ | 11,198 | |||||||
d. Administrative and general expenses: | ||||||||||||
Payroll and related expenses | $ | 2,681 | $ | 1,499 | $ | 843 | ||||||
Management and professional fees | 2,212 | 1,614 | 2,018 | |||||||||
Foreign travel | 279 | 259 | 236 | |||||||||
Depreciation | 50 | 42 | 34 | |||||||||
Other | 625 | 414 | 542 | |||||||||
$ | 5,847 | $ | 3,828 | $ | 3,673 | |||||||
e. Marketing expenses | ||||||||||||
Payroll and related expenses | $ | 346 | — | — | ||||||||
Consultation | 216 | — | — | |||||||||
$ | 562 | — | — |