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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 758,367 $ 1,896,504
Other current assets 100,577 92,817
Total current assets 858,944 1,989,321
Property and Equipment, Net 71,790 82,868
Funds in Respect of Employee Rights Upon Retirement 113,700 110,310
Total assets 1,044,434 2,182,499
Current Liabilities    
Accounts payable 136,226 71,763
Other current liabilities 227,938 211,278
Total current liabilities 364,164 283,041
Long-Term Loans from Stockholders 596,061 606,144
Liability for Employee Rights Upon Retirement 229,153 241,176
Warrants with Down-Round Protection 40,848 83,899
Total liabilities 1,230,226 1,214,260
Stockholders' Equity (Deficit)    
Common Stock of US$ 0.001 par value ("Common Stock"): 40,000,000 shares authorized as of June 30, 2012 and December 31, 2011; 5,295,543 shares issued and outstanding as of June 30, 2012 and December 31, 2011 5,296 5,296
Additional paid in capital 13,655,065 13,457,828
Accumulated other comprehensive income 43,777 22,634
Deficit accumulated during development stage (13,889,930) (12,517,519)
Total stockholders' equity (deficit) (185,792) 968,239
Total liabilities and stockholders' equity (deficit) $ 1,044,434 $ 2,182,499