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

Share Capital (Tables)

v3.5.0.2
Share Capital (Tables)
 12 Months Ended
Dec. 31, 2015
Share Capital [Abstract]  
Summary of stock option activities and related information

      Number of options     Weighted average exercise price     Weighted average remaining contractual term     Aggregate intrinsic-value  
                           
  Outstanding at the beginning of  the year     697,595     $ 0.57                  
  Granted     482,673       0.56                  
  Options forfeited     (158,351 )     0.92                  
                                   
  Outstanding at the end of the year     1,021,917     $ 0.51       5.00     $ 517,959  
                                   
  Vested or expected to vest as of December 31     922,115     $ 0.53       4.82     $ 455,499  
                                   
  Exercisable as of December 31     689,244     $ 0.57       4.18     $ 309,760  
Summary of options granted outstanding and exercise prices

      Outstanding     Exercisable  
  Exercise price   Number of options     Weighted average remaining contractual life (years)     Number of options     Weighted average remaining contractual life (years)  
                           
  $0.00     422,193       5.5       230,425       4.4  
  $0.45     63,097       1.7       63,097       1.7  
  $0.92     536,627       5.0       395,722       4.5  
                                   
        1,021,917               689,244          
Summary of stock based compensation

 

     

Year Ended December 31,

  
      2013     2014     2015  
                     
  Cost of Revenues   $ 27     $ 2,134     $ 107  
  Research and Development     21,246       202,769       2,597  
  Sales & Marketing     3,321       28,458       839  
  General and Administrative     10,898       149,234       5,245  
                           
      $ 35,492     $ 382,595     $ 8,788  
Summary of outstanding warrants

 

  Issuance date   Outstanding     Exercise price     Exercisable through
                   
  2009     117,209     $ 0.00     Exit event
  2011     84,821     $ 0.92     (*)
  2012     35,177     $ 0.92     (*)
  2012     59,385     $ 0.92     2023
  2013     8,180     $ 0.92     (*)
  2014     51,100     $ 1.50     (*)
  2014     5,200     $ 1.50     (**)
  2015     4,337     $ 1.50     (**)
                       
        365,409              

 

(*) The earlier of: 5 years from issuance date or the consummation of IPO or M&A Transaction.
(**) The earlier of: 2 years from issuance date or the consummation of IPO or M&A Transaction