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FINANCING (INCOME) EXPENSES, NET (Tables)

3 Months Ended

Mar. 31, 2015

FINANCING (INCOME) EXPENSES, NET [Abstract]

Schedule of Financing (Income) Expenses, Net

		US dollars
		Three month period ended March 31,
		2015				2014
		(unaudited)
Israeli CPI linkage difference on principal of loans from stockholders			(3,680	)			(4,717	)
Exchange rate differences			(52,603	)			(1,967	)
Change in fair value of Warrants with down round protection			(65,770	)			(145,870	)
Interest expenses on credit from banks and other			2,590				2,287
Loss on partial extinguishment of Series A Preferred Stock and Series A Warrants			773,297				-
			653,834				(150,267	)

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- Definition

Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.

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