Share Capital (Tables)
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12 Months Ended |
Dec. 31, 2018 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
|
Summary of stock option activities and related information |
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Number of ordinary shares |
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Number of ordinary shares |
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Authorized |
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Issued and outstanding |
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Authorized |
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Issued and outstanding |
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|
December 31, 2018 |
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December 31, 2017 |
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Ordinary shares |
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|
200,000,000 |
|
|
|
23,491,948 |
|
|
|
100,000,000 |
|
|
|
21,737,263 |
|
|
Summary of options granted outstanding and exercise prices |
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|
Number of options |
|
|
Weighted average exercise price |
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Weighted average remaining contractual
life
(years)
|
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Aggregate intrinsic-value |
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Outstanding as of January 1, 2018 |
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|
1,429,713 |
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$ |
0.63 |
|
|
|
|
|
|
|
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Granted |
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|
706,365 |
|
|
|
0.36 |
|
|
|
|
|
|
|
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|
Exercised |
|
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(64,631 |
) |
|
|
0.02 |
|
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|
|
|
|
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Options forfeited |
|
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(357,408 |
) |
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$ |
1.01 |
|
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Outstanding as of December 31, 2018 |
|
|
1,714,039 |
|
|
$ |
0.63 |
|
|
|
6.08 |
|
|
$ |
25,519 |
|
|
|
|
|
|
|
|
|
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|
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Exercisable as of December 31, 2018 |
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|
793,486 |
|
|
$ |
0.75 |
|
|
|
4.85 |
|
|
$ |
25,519 |
|
|
|
Outstanding |
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|
Exercisable |
|
Exercise price |
|
Number of options |
|
|
Weighted average remaining contractual life (years) |
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|
Number of options |
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|
Weighted average remaining contractual life (years) |
|
|
|
|
|
|
|
|
|
|
|
|
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(*) |
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230,425 |
|
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|
4.4 |
|
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230,425 |
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4.4 |
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$0.03 |
|
|
22,565 |
|
|
|
8.7 |
|
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|
22,565 |
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|
8.7 |
|
|
0.27 |
|
|
611,500 |
|
|
|
6.8 |
|
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|
53,600 |
|
|
6.9 |
|
|
0.34 |
|
|
8,020 |
|
|
|
5.1 |
|
|
|
8,020 |
|
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5.1 |
|
|
0.45 |
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63,097 |
|
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|
1.7 |
|
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|
63,097 |
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|
1.7 |
|
|
0.92 |
|
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743,753 |
|
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6.4 |
|
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381,100 |
|
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6.3 |
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4.72 |
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|
1,068 |
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3.2 |
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1,068 |
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3.2 |
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5.05 |
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|
2,769 |
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3.2 |
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2,769 |
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3.2 |
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5.73 |
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29,981 |
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3.3 |
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29,981 |
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3.3 |
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$6.23 |
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|
861 |
|
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6.5 |
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|
861 |
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6.5 |
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1,714,039 |
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|
|
|
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|
793,486 |
|
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|
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(*) |
Represents an amount
lower than $0.01. |
|
Summary of stock based compensation |
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|
Year Ended December 31, |
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2018 |
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2017 |
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2016 |
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Cost of revenues |
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$ |
- |
|
|
$ |
- |
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|
$ |
(99 |
) |
Research and Development |
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|
36,723 |
|
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17,956 |
|
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|
8,828 |
|
Sales and Marketing |
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14,837 |
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9,747 |
|
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|
7,220 |
|
General and Administrative |
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|
102,430 |
|
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108,431 |
|
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36,440 |
|
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$ |
153,990 |
|
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$ |
136,134 |
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$ |
52,389 |
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|
Summary of outstanding warrants |
Outstanding |
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|
Issuance year |
|
Exercise price |
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Exercisable through |
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|
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|
|
|
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117,209 |
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2009 |
|
$ |
(* |
) |
|
Exit event |
|
Refer to Note 9b |
|
59,384 |
|
|
2013 |
|
|
0.92 |
|
|
2023 |
|
(***) |
|
32,964 |
|
|
2014 |
|
|
1.50 |
|
|
(**) |
|
(***) |
|
170,000 |
|
|
2018 |
|
|
0.50 |
|
|
2023 |
|
Refer to Note 8d |
|
600,000 |
|
|
2018 |
|
|
0.50 |
|
|
2023 |
|
Refer to Note 8e |
|
466,667 |
|
|
2018 |
|
$ |
0.50 |
|
|
2023 |
|
Refer to Note 11b7 |
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|
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|
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1,446,224 |
|
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(*) |
Represents an amount
lower than $0.01 |
|
(**) |
The earlier of:
5 years from the issuance date or the consummation of a PO or Merger and Acquisition (“M&A”) Transaction. |
|
(***) |
Issued in connection
with 2014 and 2013 arrangements. |
|