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LOSS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2015
LOSS PER SHARE [Abstract]  
Schedule of Loss and Weighted Average Number of Shares
US dollars
Three month period
ended March 31,
2015
2014
 
(unaudited)
Loss for the period
    1,534,531       736,919  
Cash dividend on Series A Preferred Stock
    20,514       92,674  
Stock dividend on Series B Preferred Stock
    83,237       -  
Loss for the period attributable to common stockholders
    1,638,282       829,593  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Number of share
Three month period
ended March 31,
2015
2014
 
(unaudited)
Number of shares:
           
Weighted average number of shares used in the computation of basic and diluted earnings per share
    5,323,459       5,302,980  
                 
Total weighted average number of common shares related to outstanding convertible preferred stock, options and warrants excluded from the calculations of diluted loss per share (*)
    9,195,295       3,417,231  
 
 
(*)
All outstanding convertible Preferred Stock, stock options and warrants have been excluded from the calculation of the diluted net loss per share for all the reported periods, because the effect of the common shares issuable as a result of the exercise or conversion of these instruments was anti-dilutive.