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Share Capital (Tables)
 12 Months Ended
Dec. 31, 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 year ended December 31, 2017  
    Number of stock options     Weighted average exercise price     Aggregate intrinsic value  
Outstanding at beginning of period     2,614,916     $ 0.13     $ 15,624  
Granted     4,081,357       1.1          
Exercised     (471,794 )     -          
Cancelled     -       -          
Outstanding at end of period     6,224,479     $ 0.78     $ 1,859  
Vested and expected-to-vest at end of period     2,143,122     $ 0.13     $ 1,375  

 

    For the year 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     $ 15,624  
Vested and expected-to-vest at end of period     2,614,916     $ 0.13     $ 15,624  

 

 

(*) Less than 1
Schedule of Stock Options Outstanding

The stock options outstanding as of December 31, 2017 and December 31, 2016, separated by exercise prices, are as follows:

 

Exercise price     Stock options outstanding as of December 31,     Weighted average remaining contractual life – years as of December 31,     Stock options exercisable as of December 31,  
$     2017     2016     2017     2016     2017     2016  
                                                     
  0.28       1,167,693       1,167,693       8.0       8.0       1,167,693       1,167,693  
  1.05       2,003,187       -       9.75       -       -       -  
  1.29       1,087,627       -       9.75       -       -       -  
  1.02       990,543       -       10       -       -       -  
  (*)       975,429       1,447,223 `     8.75       9.5       975,429       1,447,223  
          6,224,479       2,614,916       -       -       2,143,122       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:

 

    Years ended December 31,  
    2017     2016  
             
Expected volatility     122.5 %     77.3 %
Risk-free interest     1.64 %     0.6 %
Dividend yield     0 %     0 %
Expected life of up to (years)     6.25       5.0