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Income Tax (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Reconciliation of Statutory Tax Rate to Effective Income Tax Rate

E. The following is a reconciliation between the theoretical tax on pre-tax income, at the tax rate applicable to the Company (federal tax rate) and the tax expense reported in the financial statements:

		2018				2017
Pretax income (loss)			(6,715,420	)			(10,328,806	)
Federal tax rate			21	%			34	%
Income tax expenses (benefit) computed at the ordinary tax rate			(1,410,238	)			(3,511,794	)
Non-deductible expenses			17,392				41,829
Stock-based compensation			148,102				908,041
Warrants with down round protection			-				(102,110	)
Tax in respect of differences in corporate tax rates			(98,222	)			524,134
Losses and timing differences in respect of which no deferred taxes assets were recognized			1,342,966				2,139,900
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Schedule of Deferred Taxes

F. Deferred taxes result principally from temporary differences in the recognition of certain revenue and expense items for financial and income tax reporting purposes. Significant components of the Group’s future tax assets are as follows:

		2018				2017
Composition of deferred tax assets:
Provision for employee-related obligation			23,304				21,086
Non-capital loss carry forwards			8,925,430				10,354,385
Valuation allowance			(8,948,734	)			(10,375,471	)
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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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