Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Statements of Changes in Shareholders' Equity (Deficit)

v3.8.0.1
Consolidated Statements of Changes in Shareholders' Equity (Deficit) - USD ($)
Total
Ordinary shares
Additional paid-in Capital
Accumulated deficit
Balance at Dec. 31, 2014 $ (189,178) $ 32,726 $ 8,620,957 $ (8,842,861)
Balance, Shares at Dec. 31, 2014   12,611,085    
Issuance of ordinary shares, net of issuance cost 298,464 $ 780 297,684
Issuance of ordinary shares, net of issuance cost, Shares   296,813    
Stock based compensation 8,788 8,788
Net loss (1,773,655) (1,773,655)
Balance at Dec. 31, 2015 (1,655,581) $ 33,506 8,927,429 (10,616,516)
Balance, Shares at Dec. 31, 2015   12,907,898    
Issuance of ordinary shares, net of issuance cost 1,013,808 $ 3,199 1,010,609
Issuance of ordinary shares, net of issuance cost, Shares   1,234,001    
Beneficial conversion feature related to bridge financing notes 74,160   74,160  
Conversion of bridge financing notes to ordinary shares 206,000 $ 713 205,287  
Conversion of bridge financing notes to ordinary shares, Shares   274,667    
Exercise of warrants 26,251 $ 76 26,175  
Exercise of warrants, Shares   28,638    
Exercise of options 154 $ 154    
Exercise of options, Shares   59,922    
Stock based compensation 52,389   52,389  
Cumulative effect adjustment from adoption of ASU 2016-09     4,379 (4,379)
Net loss (1,621,400)     (1,621,400)
Balance at Dec. 31, 2016 (1,904,219) $ 37,648 10,300,428 (12,242,295)
Balance, Shares at Dec. 31, 2016   14,505,126    
Issuance of ordinary shares, net of issuance cost 7,414,710 $ 20,911 7,393,799  
Issuance of ordinary shares, net of issuance cost, Shares   7,232,137    
Stock based compensation 136,134   136,134  
Net loss (2,843,905)     (2,843,905)
Balance at Dec. 31, 2017 $ 2,802,720 $ 58,559 $ 17,830,361 $ (15,086,200)
Balance, Shares at Dec. 31, 2017   21,737,263