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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended 12 Months Ended 126 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Dec. 31, 2011
Mar. 31, 2012
Cash flows from operating activities:        
Loss for the period $ (634,953) $ (540,264) $ (2,364,339) $ (13,152,472)
Adjustments to reconcile loss for the period to net cash used in operating activities:        
Depreciation 6,497 4,295 23,045 138,983
Increase in liability for employee rights upon retirement 9,215 14,582 1,127 232,917
Stock-based compensation 94,518 94,837 378,072 1,325,421
Stock-based interest compensation to convertible notes holders          1,214,943
Change in the fair value of warrants with down-round protection (18,539)       (18,539)
Linkage difference on principal of loans from stockholders 2,383 (14,458) 24,934 179,432
Interest on convertible notes          78,192
Gain on sale of property and equipment          (912)
Gain from trading marketable securities          (12,920)
Changes in assets and liabilities:        
Decrease (increase) in other current assets 30,575 29,271 (23,968) (52,712)
Increase in accounts payable 28,627 64,902 64,697 101,769
Increase (decrease) in other current liabilities 5,872 (20,493) (19,681) 213,258
Net cash used in operating activities (475,805) (367,328) (1,916,113) (9,752,640)
Cash flows from investment activities:        
Decrease (increase) in funds in respect of employee rights upon retirement (13,834) (8,522) 14,436 (116,638)
Purchase of property and equipment (1,671) (5,069) (54,619) (210,444)
Proceeds from sale of property and equipment          4,791
Investment in marketable securities          (388,732)
Proceeds from sale of marketable securities          406,995
Short-term loan granted to related party, net of repayments          (14,252)
Net cash used in investment activities (15,505) (13,591) (40,183) (318,280)
Cash flows from financing activities        
Credit from banking institutions (repayment)    10,326 (18,669) (6,218)
Proceeds from issuance of convertible notes          1,144,000
Repayment of convertible notes          (527,396)
Proceeds from issuance of Common Stock, net of issuance expenses    563,081 2,401,214 10,406,380
Proceeds from stockholders loans          347,742
Net cash provided by financing activities    573,407 2,382,545 11,364,508
Effect of exchange rate changes on cash and cash equivalents 10,931 (27,074) (23,993) 122,537
Increase (decrease) in cash and cash equivalents (480,379) 165,414 402,256 1,416,125
Cash and cash equivalents at beginning of the period 1,896,504 1,494,248 1,494,248   
Cash and cash equivalents at end of the period 1,416,125 1,659,662 1,896,504 1,416,125
Supplementary information on financing activities not involving cash flows:        
Conversion of convertible notes to Common Stock            
Fair value of warrants with down-round protection issued in connection with Common Stock issuances       $ 83,899