Vascular Biogenics Ltd. | CIK:0001603207 | 3

  • Filed: 3/15/2018
  • Entity registrant name: Vascular Biogenics Ltd. (CIK: 0001603207)
  • Generator: Novaworks Software
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1603207/000149315218003377/0001493152-18-003377-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1603207/000149315218003377/vblt-20171231.xml
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  • ifrs-full:DisclosureOfFinancialInstrumentsExplanatory

    NOTE 12—SUPPLEMENTARY FINANCIAL INFORMATION:

     

        December 31  
        2017     2016  
       

    U.S. dollars

    in thousands

     
    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

     
    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