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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Income (loss) for the period $ (3,201,337) $ 4,525,009
Adjustments to reconcile income (loss) for the period to net cash used in operating activities:    
Depreciation 18,359 16,610
Stock-based compensation 12,147 19,854
Change in the fair value of Warrants with down-round protection (91,309) (6,293,705)
Linkage difference on principal of loans from stockholders (1,872) $ (1,315)
Loss on partial extinguishment of Series A Preferred Stock and Series A Warrants 1,270,971  
Changes in assets and liabilities:    
Increase in accounts receivable (3,149)  
Increase in inventory (51,036)  
Increase in other current assets (17,474) $ (24,756)
Increase in accounts payable 145,388 118,346
Increase in other current liabilities 83,030 83,862
Net cash used in operating activities (1,836,282) $ (1,556,095)
Cash flows from investing activities:    
Increase in funds in respect of employee rights upon retirement (24,279)  
Purchase of property and equipment (18,892) $ (47,919)
Net cash used in investment activities (43,171) (47,919)
Cash flows from financing activities    
Cash dividend on Series A Preferred Stock (47,036) $ (185,263)
Repayment of loan from stockholders (439,939)  
Net cash used in financing activities (486,975) $ (185,263)
Effect of exchange rate changes on cash and cash equivalents 54,941 (6,898)
Decrease in cash and cash equivalents (2,311,487) (1,796,175)
Cash and cash equivalents at beginning of the period 5,827,560 2,385,911
Cash and cash equivalents at end of the period $ 3,516,073 $ 589,736