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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current Assets    
Cash and cash equivalents $ 2,476,169 $ 1,494,248
Other current assets 64,055 85,704
Total current assets 2,540,224 1,579,952
Property and Equipment, Net 89,741 57,350
Funds in Respect of Employee Rights Upon Retirement 142,772 133,335
Total assets 2,772,737 1,770,637
Current Liabilities    
Credit from banking institutions    18,843
Accounts payable 118,390 10,666
Other current liabilities 188,539 258,586
Total current liabilities 306,929 288,095
Long-term loans from stockholders 625,900 625,881
Liability for employee rights upon retirement 280,222 258,522
Total liabilities 1,213,051 1,172,498
Stockholders' Equity    
Common stock of US$ 0.001 par value ('Common stock'): 40,000,000 shares authorized as of September 30, 2011 and December 31, 2010; issued and outstanding 5,295,543 and 4,844,575 shares as of September 30, 2011 and December 31, 2010, respectively 5,296 4,845
Additional paid in capital 13,447,209 10,762,892
Accumulated other comprehensive income (loss) 25,990 (16,418)
Deficit accumulated during development stage (11,918,809) (10,153,180)
Total stockholders' equity 1,559,686 598,139
Total liabilities and stockholders' equity $ 2,772,737 $ 1,770,637