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FINANCING (INCOME) EXPENSES, NET
 12 Months Ended
Dec. 31, 2014
FINANCING (INCOME) EXPENSES, NET [Abstract]  
FINANCING (INCOME) EXPENSES, NET

NOTE 14     –     FINANCING (INCOME) EXPENSES, NET

 US dollars

Year ended December 31,

2014 2013 2012

 

Israeli CPI linkage difference on principal of loans from stockholders

  (556 )   14,382   9,849

Exchange rate differences

  (25,282 )   94,815   18,147

Warrants with down round protection

  (6,559,758 )   6,251,242   (35,892 )

Issuance cost allocated to warrants with down-round protection

  -   390,928   -

Interest expenses on credit from banks and other

  (2,189 )   17,592   6,605
  (6,587,785 )   6,768,959   (1,291 )