XML 18 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 2,104,858 $ 5,827,560
Accounts receivable, net 21,197 23,250
Inventories 260,269 83,653
Other current assets 247,124 113,842
Total current assets 2,633,448 6,048,305
Property and Equipment, Net 185,796 122,491
Funds in Respect of Employee Rights Upon Retirement 199,669 177,470
Total assets 3,018,913 6,348,266
Current Liabilities    
Accounts payable 465,084 104,711
Other current liabilities $ 369,422 440,764
Long-term loans from Stockholders, current portion 454,532
Total current liabilities $ 834,506 1,000,007
Long-Term Liabilities    
Long-term loans from Stockholders 160,581 163,459
Liability for employee rights upon retirement 208,874 210,700
Warrants with down-round protection 351,639 2,057,618
Total long-term liabilities 721,094 2,431,777
Total liabilities $ 1,555,600 $ 3,431,784
Commitments and Contingent Liabilities
Temporary Equity    
Convertible Preferred Stock of $ 0.001 par value ('Preferred Stock'): 10,000,000 shares of Preferred Stock authorized as of September 30, 2015 and December 31, 2014 $ 7,115,716 $ 7,748,685
Stockholders' Deficit    
Common Stock of $ 0.001 par value ('Common Stock'): 40,000,000 shares authorized as of September 30, 2015 and December 31, 2014; 5,549,452 and 5,323,058 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively 5,550 5,324
Additional paid in capital 21,972,776 18,182,866
Accumulated other comprehensive income 76,309 66,670
Accumulated deficit (27,707,038) (23,087,063)
Total stockholders' deficit (5,652,403) (4,832,203)
Total liabilities, temporary equity and stockholders' deficit 3,018,913 6,348,266
Series A Preferred Stock [Member]    
Temporary Equity    
Convertible Preferred Stock of $ 0.001 par value ('Preferred Stock'): 10,000,000 shares of Preferred Stock authorized as of September 30, 2015 and December 31, 2014 221,152 4,356,657
Series B Preferred Stock [Member]    
Temporary Equity    
Convertible Preferred Stock of $ 0.001 par value ('Preferred Stock'): 10,000,000 shares of Preferred Stock authorized as of September 30, 2015 and December 31, 2014 $ 6,894,564 $ 3,392,028