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Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2018

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, 2018 and 2017 are as follows:

	US dollars						US dollars
	Six-month period ended June 30,						Three-month period ended June 30,
	2018			2017			2018			2017
	(unaudited)						(unaudited)
Loss for the period		(3,810,277	)		(5,087,526	)		(1,962,483	)		(2,557,201	)
Cash dividend on Series A Preferred Stock		(8,970	)		(6,714	)		(4,270	)		(2,014	)
Stock dividend on Series B Preferred Stock		(585,321	)		(491,668	)		(305,162	)		(245,637	)
Stock dividend on Series C Preferred Stock		(467,433	)		(276,574	)		(243,700	)		(160,588	)
Loss for the period attributable to common stockholders		(4,872,001	)		(5,862,482	)		(2,515,615	)		(2,965,440	)

	Number of shares				Number of shares
	Six-month period ended June 30,				Three-month period ended June 30,
	2018		2017		2018		2017

Number of shares:
Common shares used in computing basic income (loss) per share		7,290,123		6,116,366		7,555,761		6,205,104
Common shares used in computing diluted income (loss) per share		7,290,123		6,116,366		7,555,761		6,203,104
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 (*)		27,017,190		19,868,112		26,274,884		21,001,400

(*)

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.