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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) [Abstract]        
Revenues $ 67,342   $ 143,167  
Research and development expenses 557,980 $ 454,789 1,036,305 $ 905,873
Selling, marketing and general and administrative expenses 605,565 427,537 1,083,762 863,639
Total operating expenses 1,163,545 882,326 2,120,067 1,769,512
Operating loss 1,096,203 882,326 1,976,900 1,769,512
Financing (income) expenses, net 570,603 (6,144,254) 1,224,437 (6,294,521)
Income (loss) for the period (1,666,806) 5,261,928 (3,201,337) 4,525,009
Other comprehensive income (loss):        
Foreign currency translation adjustment 97,383 (16,905) 55,720 (16,033)
Comprehensive income (loss) for the period $ (1,569,423) $ 5,245,023 $ (3,145,617) $ 4,508,976
Income (loss) per share (Basic) $ (0.33) $ 0.79 $ (0.64) $ 0.66
Income (loss) per share (Diluted) $ (0.33) $ 0.78 $ (0.64) $ 0.65
Common shares used in computing Basic income (loss) per share 5,441,253 5,304,072 5,382,682 5,303,529
Common shares used in computing Diluted income (loss) per share [1] 5,441,253 5,336,019 5,382,682 5,361,570
[1] In applying the treasury method, the average market price of Common Stock was based on management's estimate (see Note 2D, above).