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COMMON STOCK, PREFERRED STOCK AND WARRANTS WITH-DOWN ROUND PROTECTION (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Stock Grants Activity

The following tables present a summary of the status of the grants to employees, officers and directors as of December 31, 2017, 2016 and 2015:

		Number				Weighted average exercise price (US$)
Balance outstanding as of December 31,2014			450,847				5.85
Exercised during 2015			(19,769	)			1.82
Forfeited during 2015			(17,605	)			6.01
Balance outstanding as of December 31,2015			413,473				6.04
Balance exercisable as of December 31,2015			293,736				5.95
Granted during 2016			149,330				4.53
Balance outstanding as of December 31,2016			562,803				5.64
Balance exercisable as of December 31,2016			334,735				5.81
Granted during 2017			4,740,318				5.22
Forfeited during 2017			(66,154	)			3.93
Balance outstanding as of December 31,2017			5,236,967				5.28
Balance exercisable of December 31,2017			2,428,716				5.28

Schedule of Stock Grants, by Exercise Price Range

The following tables summarize information about options outstanding at December 31, 2017:

Exercise price (US$)				Outstanding at December 31, 2017				Weighted average remaining contractual life (years)				Exercise price (US$)				Exercisable at December 31, 2017				Weighted average remaining contractual life (years)
	6.25				351,712				4.19				6.25				351,712				4.19
	6.02				4,273				0.03				6.02				4,273				0.03
	7.00				22,000				6.50				7.00				22,000				6.50
	4.75				12,000				8.01				4.75				12,000				8.01
	4.50				79,998				8.21				4.50				79,998				8.21
	4.50				26,666				8.88				4.50				22,793				8.88
	4.50				1,673,996				9.21				4.50				1,231,016				9.21
	5.41				559,414				9.21				5.41				0				0
	7.75				844,130				9.21				7.75				0				0
	4.50				661,875				9.26				4.50				304,615				9.26
	7.75				50,000				9.26				7.75				16,667				9.26
	4.50				74,470				9.41				4.50				65,709				9.41
	4.50				290,585				9.48				4.50				140,660				9.48
	4.50				585,848				9.71				4.50				177,273				9.71
					5,236,967												2,428,716

Schedule of Assumptions Used to Value Options

The fair value of options granted to employees was estimated at the dates of grant using the Black-Scholes option pricing model.  The following are the data and assumptions used:

		2017				2016
Dividend yield (%)			0				0
Expected volatility (%) (*)			56.59				62.16
Risk free interest rate (%)			0.92				1.08
Expected term of options (years)			5-10.5				6
Exercise price (US dollars)			4.50 - 7.75				4.50, 4.75
Stock price (US dollars) (**)			2.38				2.38
Fair value (US dollars)			0.58-1.28				1.01, 098

   (*) Due to the low trading volume of the Company’s Common Stock, the expected volatility was based on a sample of 254 companies operating in the Healthcare Products industry.

   (**) The Common Stock price, per share for the year ended December 31, 2017 and 2016 reflects the Company’s management’s estimation of the fair value per share of Common Stock. In reaching its estimation for December 31, 2017, management considered, among other things, a valuation prepared by a third-party valuation firm following the issuance of the 2016 Offering. In reaching its estimation for December 31, 2017, management considered, among other things, a valuation prepared by a third-party valuation firm following the issuance of the Series C Units.

Series C Preferred Stock [Member]

Schedule of Fair Value Assumptions

As of December 31, 2017, and 2016, The key inputs used in the fair value calculations of the Series C preferred warrant that were affected by the down-round protection were as follows:

		December 31, 2017				December 31, 2016
Dividend yield (%)			-				-
Expected volatility (%)			56.59				56.59
Risk free interest rate (%)			1.31				0.92
Expected term of options (years)			3.27 - 4.58				4.27 - 4.92
Exercise price (US dollars)			4.50, 7.75				4.50, 7.75
Share price (US dollars)			2.45				2.38
Fair value (US dollars)			0.29 - 0.76				0.39 – 0.75

Series D Preferred Stock [Member]

Schedule of Fair Value Assumptions

As of December 31, 2017, the key inputs used in the fair value calculations of the Series D preferred warrant that were affected by the down-round protection were as follows:

		December 31, 2017
Dividend yield (%)			-
Expected volatility (%)			56.59
Risk free interest rate (%)			1.31
Expected term of options (years)			4.92
Exercise price (US dollars)			4.50, 5.75, 7.75
Share price (US dollars)			2.45
Fair value (US dollars)			0.81, 0.66, 0.5

Derivative Warrant Liability [Member]

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
		December 31,
		2017				2016
Balance, Beginning of the year			681,970				321,695
Warrants issued as consideration for placement services			353,721				308,239
Stock based compensation to financial advisor			32,880				-
Amount classified out of stockholders’ deficit and presented as Warrants with Down-Round Protection			-				341,662
Change in fair value of Warrants with Down-Round Protection			(300,322	)			(289,626	)
Balance, End of year			768,249				681,970

Schedule of Fair Value Assumptions

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

		December 31, 2017				December 31, 2016
Dividend yield (%)			-				-
Expected volatility (%) (*)			56.59				56.59
Risk free interest rate (%)			1.31				0.92
Expected term of options (years)			0.2 - 4.92				1.20 - 4.92
Exercise price (US dollars)			4.50 – 7.75				4.50 - 7.75
Share price (US dollars) (**)			2.45				2.38
Fair value (US dollars) (***)			0.002 - 0.81				0.16 – 0.75

(*) Due to the low trading volume of the Company’s Common Stock, the expected volatility was based on a sample of 254 companies operating in the Healthcare Products industry.

(**) The Common Stock price, per share reflects the Company’s management’s estimation of the fair value per share of Common Stock as of December 31, 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 D Units at December 31, 2017, as applicable to each reporting period.

 (***) The below chart reflects the Fair Value for each of the Warrants with down-round Protection that were outstanding as of December 31, 2017 in US dollars.

		Investors				AGI - Series A				AGI - Series B				AGI - Series C				AGI - Series D
Total quantity			126,935				364,071				566,897				844,605				37,777
Exercise price			4.5				4.5				4.5, 7.75				4.5, 7.75				4.5 5.75, 7.75
Fair value			0.31				0.12				0.12 – 0.34				0.29 – 0.76				0.5 – 0.81

Warrant [Member]

Schedule of Fair Value Assumptions

As of December 31, 2017 and 2016, The key inputs used in the fair value calculations of the Series A preferred warrant that were affected by the down-round protection  were as follows:

		December 31, 2017								December 31, 2016
		Investors				Placement agent				Investors				Placement agent
Dividend yield (%)			0				0				0				0
Expected volatility (%)			56.69				56.69				56.69				56.69
Risk free interest rate (%)			1.31				1.31				0.92				0.92
Expected term of options (years)			0.2				2				1.2				3
Exercise price US dollars			4.5				4.5				4.5				4.5
Share price (US dollars)			2.45				2.45				2.38				2.38
Fair value (US dollars)			0.002				0.311				0.159				0.481

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