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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Dec. 31, 2011
Dec. 31, 2010
Current Assets      
Cash and cash equivalents $ 758,367 $ 1,896,504 $ 1,494,248
Other current assets (Note 3) 100,577 92,817 85,704
Total current assets 858,944 1,989,321 1,579,952
Property and Equipment, Net (Note 4) 71,790 82,868 57,350
Funds in Respect of Employee Rights Upon Retirement 113,700 110,310 133,335
Total assets 1,044,434 2,182,499 1,770,637
Current Liabilities      
Credit from banking institutions       18,843
Accounts payable (Note 5) 136,226 71,763 10,666
Other current liabilities (Note 6) 227,938 211,278 258,586
Total current liabilities 364,164 283,041 288,095
Long-Term Loans from Stockholders (Note 8) 596,061 606,144 625,881
Liability for Employee Rights Upon Retirement 229,153 241,176 258,522
Warrants with Down-Round Protection (Note 9C) 40,848 83,899   
Total liabilities 1,230,226 1,214,260 1,172,498
Commitments and Contingent Liabilities (Note 9)         
Stockholders' Equity (Deficit) (Note 10)      
Common Stock of US$ 0.001 par value ("Common Stock"): 40,000,000 shares authorized as of June 30, 2012, December 31, 2011 and 2010; issued and outstanding 5,295,543, 5,295,543 and 4,844,575 shares as of June 30, 2012, December 31, 2011 and 2010, respectively 5,296 5,296 4,845
Additional paid in capital 13,655,065 13,457,828 10,762,892
Accumulated other comprehensive income (loss) 43,777 22,634 (16,418)
Deficit accumulated during the development stage (13,889,930) (12,517,519) (10,153,180)
Total stockholders' equity (deficit) (185,792) 968,239 598,139
Total liabilities and stockholders' equity (deficit) $ 1,044,434 $ 2,182,499 $ 1,770,637