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Share Capital (Tables)

9 Months Ended

Sep. 30, 2019

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 Nine months ended September 30, 2019
		Number of stock options				Weighted average exercise price				Aggregate intrinsic value
Outstanding at beginning of period			398,308			$	11.50			$	108
Granted			29,133				7.00				-
Exercised			-				-				-
Cancelled			-				-				-
Outstanding at end of period			427,441			$	11.15			$	417
Vested at end of period			306,723			$	9.90			$	417

		For the Year ended December 31, 2018
		Number of stock options				Weighted average exercise price				Aggregate intrinsic value
Outstanding at beginning of period			414,965			$	11.70			$	1,859
Granted			10,000				9.00				-
Exercised			(2,487	)			-				-
Cancelled			(24,170	)			-				-
Outstanding at end of period			398,308			$	11.50			$	108
Vested at end of period			245,010			$	8.45			$	108

Schedule of Stock Options Outstanding

The stock options outstanding as of September 30, 2019 and December 31, 2018, summarized by exercise prices, are as follows:

Exercise price $				Stock options outstanding as of September 30, 2019				Stock options outstanding as of December 31, 2018				Weighted average remaining contractual life – years as of September 30, 2019				Weighted average remaining contractual life – years as of December 31, 2018				Stock options exercisable as of September 30, 2019				Stock options exercisable as of December 31, 2018
	4.20				77,846				77,846				6.3				7.0				77,846				77,846
	15.75				133,546				133,546				8.0				8.8				83,005				53,752
	8.60				11,630				-				9.3				-				4,645				-
	9.00				10,000				10,000				9.0				9.8				4,000				-
	19.35				72,508				72,508				8.0				8.8				45,318				29,003
	5.95				17,503				-				2.8				-				-				-
	15.30				41,866				41,866				8.3				9.0				29,367				21,867
	(*	)			62,542				62,542				7.0				7.8				62,542				62,542
					427,441				398,308				6.3				7.3				306,723				245,010

(*) Less than $0.01.

Schedule of Stock Options Valuation Assumptions

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

		Nine Months ended September 30, 2019				Year ended December 31, 2018
Expected volatility			133.43%-144.4	%			99.40	%
Risk-free interest			1.64	%			2.39	%
Dividend yield			0	%			0	%
Expected life of up to (years)			6.37-6.73				5.24

Schedule of Warrants Outstanding

The remaining outstanding warrants and terms as of September 30, 2019 and December 31, 2018 are as follows:

Issuance date		Outstanding as of December 31, 2018				Outstanding as of September 30, 2019				Exercise Price				Exercisable as of September 30, 2019				Exercisable Through
Series A (2013)			181				181			$	2,754.00				181			April 9, 2023
Series A (2015)			676				676			$	1,377.00				676			April 30, 2020
Series B (2016) (a)			2,741				2,741			$	40.50				2,741			March 14, 2022

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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