XML 35 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
LOSS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Loss and Weighted Average Number of Shares
The loss and the weighted average number of shares used in computing basic and diluted loss per share for the six and three month periods ended June 30, 2017 and 2016 are as follows:
 
   
US dollars
    
US dollars
  
   
Six month period ended June 30,
    
Three month period ended June 30,
  
   
2017
    
2016
    
2017
    
2016
  
   
(unaudited)
    
(unaudited)
  
Loss for the period
    
(5,087,526
)
    
(2,815,762
)
    
(2,557,201
)
    
(1,588,998
)
Cash dividend on Series A Preferred Stock
    
(6,714
)
    
(9,453
)
    
(2,014
)
    
(4,753
)
Stock dividend on Series B Preferred Stock
    
(491,668
)
    
(254,101
)
    
(245,637
)
    
(131,281
)
Stock dividend on Series C Preferred Stock
    
(276,574
)
    
(20,355
)
    
(160,588
)
    
(20,355
)
Loss for the period attributable to common stockholders
    
(5,862,482
)
    
(3,099,671
)
    
(2,965,440
)
    
(1,745,387
)

   
Number of shares
    
Number of shares
  
   
Six month period ended June 30,
    
Three month period ended June 30,
  
   
2017
    
2016
    
2017
    
2016
  
Number of shares:
            
Common shares used in computing basic income (loss) per share
    
6,116,366
      
5,716,566
      
6,205,104
      
5,742,468
  
Common shares used in computing diluted income (loss) per share
    
6,116,366
      
5,716,566
      
6,203,104
      
5,742,468
  
Total weighted average number of common shares related to outstanding convertible Preferred Stock, options and warrants excluded from the calculations of diluted income (loss) per share (*)
    
19,868,112
      
11,220,345
      
21,001,400
      
12,210,613
  

(*)
All outstanding convertible Preferred Stock, stock options and warrants have been excluded from the calculation of the diluted net loss per share for all the reported periods, because the effect of the common shares issuable as a result of the exercise or conversion of these instruments was determined to be anti-dilutive.