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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
 3 Months Ended 6 Months Ended 153 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) [Abstract]          
Research and development expenses, net $ 454,789 $ 461,303 $ 905,873 $ 965,548 $ 13,369,031
Selling, marketing and general and administrative expenses 427,537 370,491 863,639 554,070 4,919,421
Other income             (912)
Operating loss 882,326 831,794 1,769,512 1,519,618 18,287,540
Financing (income) expenses, net (6,144,254) [1] (255,197) [1] (6,294,521) [1] 400,574 [1] 2,274,130 [1]
Income (loss) for the period 5,261,928 (576,597) 4,525,009 (1,920,192) (20,561,670)
Other comprehensive (income) loss:          
Foreign currency translation adjustment (16,905) 12,447 (16,033) 18,800 36,669
Comprehensive income (loss) for the period $ 5,278,833 $ (589,044) $ 4,541,042 $ (1,938,992) $ (20,598,339)
Income (loss) per share (Basic) (Note 3) $ 0.79 $ (0.13) $ 0.66 $ (0.38)   
Income (loss) per share (Diluted) (Note 3) $ 0.78 $ (0.13) $ 0.65 $ (0.38)   
Common shares used in computing Basic income (loss) per share (Note 3) 5,304,072 5,297,693 5,303,529 5,363,302   
Common shares used in computing Diluted income (loss) per share (Note 3) 5,336,019 [2] 5,297,693 [2] 5,361,570 [2] 5,363,302 [2]   
[1] Includes ($6,293,705) relating to changes in the fair value estimate of the warrants with down-round protection and $390,928 of issuance costs allocated to the warrants with down-round protection, for the six month period ended June 30, 2014 and June 30, 2013, respectively and ($6,147,835) and ($220,132) relating to changes in the fair value estimate of the warrants with down-round protection, for the three month period ended June 30, 2014 and June 30, 2013, respectively.
[2] In applying the treasury method, the average market price of Common Stock was based on management estimate (see Note 2B, above).