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FINANCING (INCOME) EXPENSES, NET | 12 Months Ended
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Dec. 31, 2015
Other Income and Expenses [Abstract] |
FINANCING (INCOME) EXPENSES, NET |
NOTE 13 | – | FINANCING (INCOME) EXPENSES, NET
|  | US dollars |
|  | Year ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Israeli CPI linkage difference on principal of loans from stockholders |  |  | (2,521 | ) |  |  | (556 | ) |  |  | 14,382 |
Exchange rate differences |  |  | 38,873 |  |  |  | (25,282 | ) |  |  | 94,815 |
Change in fair value of Series A Warrants |  |  | (149,092 | ) |  |  | (6,559,758 | ) |  |  | 6,251,242 |
Issuance cost allocated to warrants with down-round protection |  |  | - |  |  |  | - |  |  |  | 390,928 |
Interest expenses on credit from banks and other |  |  | 15,205 |  |  |  | (2,189 | ) |  |  | 17,592 |
Loss on partial extinguishment of Series A Preferred Stock and Series A Warrants |  |  | 1,284,354 |  |  |  | - |  |  |  | - |
|  |  | 1,186,819 |  |  |  | (6,587,785 | ) |  |  | 6,768,959

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