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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current Assets    
Cash and cash equivalents $ 589,736 $ 2,385,911
Other current assets 118,661 93,052
Total current assets 708,397 2,478,963
Property and Equipment, Net 139,753 107,209
Funds in Respect of Employee Rights Upon Retirement 171,664 170,033
Total assets 1,019,814 2,756,205
Current Liabilities    
Accounts payable 169,146 49,787
Other current liabilities 347,959 261,120
Total current liabilities 517,105 310,907
Long-Term Liabilities    
Long-Term Loans from Stockholders 698,375 693,092
Liability for Employee Rights Upon Retirement 238,340 236,074
Warrants with Down-Round Protection (See Note 2B) 1,923,000 8,216,705
Total long-term liabilities 2,859,715 9,145,871
Total liabilities 3,376,820 9,456,778
Commitments and Contingent Liabilities      
Temporary Equity    
Convertible Preferred Stock of $ 0.001 par value ("Preferred Stock"): 10,000,000 shares authorized as of June 30, 2014 and December 31, 2013; issued and outstanding 7,407 shares as of June 30, 2014 and 7,417 shares as of December 31, 2013 4,356,657 4,362,545
Stockholders' Equity (Deficit)    
Common Stock of $ 0.001 par value ("Common Stock"): 40,000,000 shares authorized as of June 30, 2014 and December 31, 2013; issued and outstanding 5,304,072 shares and 5,301,693 shares as of June 30, 2014 and December 31, 2013, respectively 5,305 5,302
Additional paid in capital 14,557,807 14,532,068
Accumulated other comprehensive income 36,669 52,702
Deficit accumulated during the development stage (21,313,444) (25,653,190)
Total stockholders' deficit (6,713,663) (11,063,118)
Total liabilities, temporary equity and stockholders' deficit $ 1,019,814 $ 2,756,205