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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Revenues $ 89,147 $ 75,825
Research and development expenses 650,700 478,325
Selling, marketing and general and administrative expenses 702,844 478,197
Total operating expenses 1,353,544 956,522
Operating loss 1,264,397 880,697
Financing (income) expenses, net (37,633) 653,834
Loss for the period 1,226,764 1,534,531
Other comprehensive (income) loss:    
Foreign currency translation adjustment 21,976 41,663
Comprehensive loss for the period $ 1,248,740 $ 1,576,194
Loss per share (Basic and Diluted) $ 0.24 $ 0.31
Common shares used in computing loss per share (Basic and Diluted) 5,690,097 5,323,459