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Share Capital (Tables)
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Summary of Stock Option Activity

  A summary of the Company’s option activity related to options to employees and directors, and related information is as follows:

  

    For the six month period ended June 30, 2017  
    Number of
stock options		   Weighted average
exercise price

 

 

 Aggregate
intrinsic value		  
Outstanding at beginning of period   2,614,916   $ 0.13      
Granted     -     -        
Exercised     -     -        
Cancelled     -     -        
                     
Outstanding at end of period     2,614,916   $ 0.13   $ 3,739,330  
Vested and expected-to-vest at end of period     2,614,916   $ 0.13   $ 3,739,330  

 

    For the twelve months ended December 31, 2016  
    Number of
stock options		     Weighted average
exercise price		    

Aggregate

intrinsic value

  
                   
Outstanding at beginning of period     1,167,693     $ 0.28          
Granted     1,447,223       (*)          
Exercised     -       -          
Cancelled     -       -          
                         
Outstanding at end of period     2,614,916     $ 0.13     $ 3,739,330  
Vested and expected-to-vest at end of period     2,614,916     $ 0.39     $ 3,739,330  

 

 

(*)             Less than 1
Schedule of Stock Options Outstanding

  The stock options outstanding as of June 30, 2017, and December 31, 2016, have been separated into exercise prices, as follows:

 

Exercise price     Stock
options
outstanding
as of
June 30, 		    Stock
options
outstanding
as of
December 31,		     Weighted
average
remaining
contractual
life – years
as of
June 30,		     Weighted
average
remaining
contractual
life – years
as of
December 31,		     Stock
options
exercisable
as of
June 30,		     Stock
options
exercisable
as of
December 31,		  
$     2017     2016     2017     2016     2017     2016  
                                       
  0.28       1,167,693       1,167,693       7.75       8.0       1,167,693       1,167,693  
  (*)       1,447,223       1,447,223       9.25       9.5       1,447,223       1,447,223  
          2,614,916       2,614,916       7.15       7.4       2,614,916       2,614,916  

 

 

(*)       Less than 1
Schedule of Stock Options Valuation Assumptions

  The fair value of the stock options is estimated at the date of grant using Black-Scholes options pricing model with the following weighted-average assumptions:

 

   

Year ended

December 31, 2016

  
       
Expected volatility     77.3 %
Risk-free interest     0.6 %
Dividend yield     0 %
Expected life of up to (years)     5.0