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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Schedule of Changes in Fair Value of Level 3 Liability

The changes in the fair value of the Level 3 liability are as follows (in US dollars):

		Warrants with down-round Protection September 30,
		2017				2016
		(unaudited)
Balance, Beginning of the period			681,970				321,695
Warrants issued as consideration for placement services			359,650				282,221
Amount classified out of stockholders’ deficit and presented as Warrants with down-round protection			-				341,662
Change in fair value Warrants with down-round protection			(273,733	)			(110,498	)
Balance, End of period			767,887				835,080

Schedule of Warrant Inputs

The key inputs used in the fair value calculations were as follows:

		September 30,
		2017				2016
Dividend yield (%)			-				-
Expected volatility (%) (*)			56.59				62.16
Risk free interest rate (%)			0.92				0.72-1.21
Expected term of options (years)			0.45-4.83				1.45-5.00
Exercise price (US dollars)			4.50, 7.75				4.50, 7.75
Share price (US dollars) (**)			2.38				2.38
Fair value (US dollars) (***)			0.02-0.74				0.26-0.60

(*) Due to the low trading volume of the Company’s Common Stock, the expected volatility was based on the historical volatility of the share price of other public companies that operate in the same industry sector as the Company.

 (**) The Common Stock price, per share reflects the Company’s management’s estimation of the fair value per share of Common Stock as of September 30, 2017 and 2016.  In reaching its estimation for such periods, management considered, among other things, a valuation prepared by a third-party valuation firm following the issuance of the Series C Units.

 (***) The below chart reflects the Fair Value for each of the Warrants with down-round Protection that were outstanding as of September 30, 2017 in US dollars.

Investors	AGI– Series A	AG- - Series B	AGI – Series C	AGI – Series C
			Minimum	Maximum
0.02	0.36	0.36	0.29	0.74

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- References

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- Definition

Tabular disclosure of quantitative information about the inputs used in the fair value measurement of liabilities. This disclosure may include, but is not limited to, the fair value of the liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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