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SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Option Activity
A summary of the Company's option activity related to options and restricted stock units ("RSUs") granted to employees, service providers and directors, and related information is as follows:

   
For the six months ended
June 30, 2017
  
   
 
 
 
 
 
Number
        
 
Weighted
average
exercise price
 (in $)
    
Weighted
average
remaining contractual life (in years) (1)
    
 
Aggregate
intrinsic
value ($ in
thousands)
  
                             
Options and RSUs outstanding at beginning of period
    
2,494,828
          
3.92
      
7.39
      
(4
)
Options granted
    
102,966
(2) 
  
 
    
2.08
                  
RSUs granted
    
298,694
(3)   
 
    
-
                  
Options exercised
    
-
          
-
                  
RSUs vested
    
-
          
-
                  
RSUs forfeited
    
(525
)
        
-
                  
Options forfeited
    
(36,073
)
        
3.21
                  
                                     
Options and RSUs outstanding at end of period
    
2,859,890
          
3.84
(5)
    
7.05
      
(4
)
                                     
Options exercisable at end of period
    
1,424,389
          
4.01
      
6.21
      
(3
)

 (1)
Calculation of weighted average remaining contractual term does not include the RSUs that were granted, which have an indefinite contractual term.
 (2)
Includes 60,484 options granted to a director.
 (3)
Includes 261,344 RSUs granted to certain officers and directors.
 (4)
The aforementioned options are out of the money.
 (5)
Based on 2,561,721 outstanding options at June 30, 2017.