XML 28 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

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
		March 31,
		2018				2017
		(unaudited)
Balance, Beginning of the period			768,249				681,970
Warrants issued as consideration for placement services			125,597				156,732
Change in fair value Warrants with Down-Round Protection			(77,947	)			(84,099	)
Balance, End of period			815,899				754,603

Schedule of Calculations of Fair Value Assumptions

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

		March 31,
		2018				2017
Dividend yield (%)			-				-
Expected volatility (%) (*)			56.59				56.59
Risk free interest rate (%)			1.31				0.92
Expected term of options (years)			1.75-4.92				0.95-4.94
Exercise price (US dollars)			4.50-7.75				4.50, 7.75
Share price (US dollars) (**)			2.45				2.38
Fair value (US dollars) (***)			0.09-0.81				0.11-0.74

	(*)	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 March 31, 2018 and 2017. 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 and the Series D Units, as applicable to each reporting period (See Note 3).
	(***)	The below chart reflects the Fair Value for each of the Warrants with down-round Protection that were outstanding as of March 31, 2018 in US dollars.

Schedule of Fair Value of Warrants with Down Round Protection

		Andrew Garrett, Inc., (“AGI”) - Series A				AGI - Series B				AGI - Series C				Placement Agent - Series D
Total quantity			364,071				566,897				844,605				212,000
Exercise price			4.5				4.5, 7.75				4.5, 7.75				4.5, 5.75, 7.75
Fair value			0.27				0.09 – 0.29				0.25 – 0.73				0.47 – 0.81

X

- Definition

Schedule of Fair Value of Warrants with Down Round Protection []Table Text Block]

+ References

No definition available.

+ Details

Name:	IGAP_ScheduleOfFairValueOfWarrantsWithDownRoundProtection
Namespace Prefix:	IGAP_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration