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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) [Abstract]        
Revenues $ 27,309 $ 143,167 $ 27,309
Research and development expenses $ 560,189 421,704 1,596,494 1,327,577
Selling, marketing and general and administrative expenses 563,292 436,296 1,647,054 1,299,935
Total operating expenses 1,123,481 858,000 3,243,548 2,627,512
Operating loss 1,123,481 830,691 3,100,381 2,600,203
Financing (income) expenses, net (27,511) (61,120) 1,196,926 (6,355,641)
Income (loss) for the period (1,095,970) (769,571) (4,297,307) 3,755,438
Other comprehensive income (loss):        
Foreign currency translation adjustment (46,081) 27,891 9,639 11,858
Comprehensive income (loss) for the period $ (1,142,051) $ (741,680) $ (4,287,668) $ 3,767,296
Income (loss) per share (Basic) $ (0.22) $ (0.16) $ (0.85) $ 0.52
Income (loss) per share (Diluted) $ (0.22) $ (0.16) $ (0.85) $ 0.52
Common shares used in computing Basic income (loss) per share 5,513,265 5,304,100 5,426,688 5,303,721
Common shares used in computing Diluted income (loss) per share [1] 5,513,265 5,304,100 5,426,688 5,352,039
[1] In applying the treasury method, the average market price of Common Stock was based on management's estimate (see Note 2B, above).