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

Warrants Presented at Fair Value (Tables)

Warrants Presented at Fair Value (Tables)

12 Months Ended

Dec. 31, 2017

Warrants Presented at Fair Value [Abstract]

Schedule of outstanding warrants classified as a liability

Outstanding		Exercise price			Issuance year	Exercisable through	Fair value

	1,016,668	$	1.50		2014	2019	$	210,576	(****)
	743,372	$	1.50		2014	2019		154,041	(****)
	120,000	$	0.92	(*)	2014	(**)		37,155	(****)
	296,813	$	1.50		2015	2020		87,560	Refer to Note 11a1
	374,001	$	1.50		2016	2021		144,930	Refer to Note 11a2
	905,555	$	1.20		2017	2022		478,642	Refer to Note 8e
	333,333	$	1.50		2017	2022		162,624	Refer to Note 11a8
	53,333	$	1.50		2017	2022		24,344	Refer to Note 11a4
	50,000	$	1.50		2017	2022		22,998	Refer to Note 8b
	33,332	$	1.20		2017	2022		17,598	Refer to Note 8c
	33,332	$	1.00		2017	2022		18,984	Refer to Note 8c
	675,926		(***)		2017	2022		675,926	Refer to Note 3

	4,635,665						$	2,035,378

	(*)	Subject to changes as describe in the agreement.
	(**)	M&A or qualified IPO as described in the agreement.
	(***)	Less than $0.01.
	(****)	Issued in connection with 2014 financing rounds.

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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