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

Consolidated Balance Sheets

v3.5.0.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 10,912 $ 680,765
Other current assets 153,120 92,877
Inventory 62,685 42,457
Total current assets 226,717 816,099
Property and equipment, net 217,794 226,546
Total assets 444,511 1,042,645
CURRENT LIABILITIES:    
Short term bank credit 37,707
Trade payables 284,061 49,122
Employees and payroll accruals 138,484 94,280
Other current liabilities 634,350 206,123
Total Current liabilities 1,094,602 349,525
LONG TERM LIABILITIES    
Warrants presented at fair value 961,922 844,818
Capital Note 43,568 37,480
Total liabilities 2,100,092 1,231,823
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS' DEFICIENCY:    
Share capital - Ordinary shares of NIS 0.01 par value - Authorized: 100,000,000 shares at December 31, 2014 and 2015; Issued and outstanding: 12,611,085 and 12,907,898 shares at December 31, 2014 and 2015, respectively 33,506 32,726
Additional paid in capital 8,927,429 8,620,957
Accumulated deficit (10,616,516) (8,842,861)
Total shareholders' deficiency (1,655,581) (189,178)
Total liabilities and shareholders' deficiency $ 444,511 $ 1,042,645