Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of property and equipment, net of accumulated depreciation |
| |
|
% |
| |
|
|
| Computers |
|
15 – 33 |
| Equipment |
|
7 – 33 |
| Office furniture |
|
7 – 15 |
| Leasehold improvements |
|
(*) |
|
(*) |
Leasehold improvements are amortized
on a straight-line basis over the shorter of the lease term (including the extension option held by the Group and intended to be exercised)
and the expected life of the improvement. |
|
| Schedule of intangible assets and estimated useful lives |
| |
|
Estimated useful life |
| |
|
|
| Technology |
|
Ten (10) years |
| Backlog |
|
One (1) year |
|
| Schedule of fair value for options granted using the black-scholes option-pricing model |
| |
|
Year ended December 31, |
| |
|
2019 |
|
2018 |
|
2017 |
| |
|
|
|
|
|
|
| Dividend yield |
|
0% |
|
0% |
|
0% |
| Expected volatility |
|
60% |
|
60% |
|
64%-70% |
| Risk-free interest |
|
2.33%-2.71% |
|
2.15%-2.91% |
|
1.78%-2.28% |
| Expected life (in years) |
|
4.15-7.00 |
|
3.50-4.37 |
|
4.50-7.00 |
|
| Schedule of fair value, assets and liabilities measured on recurring basis |
| |
|
Fair value measurements using input type |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants |
|
|
- |
|
|
|
- |
|
|
$ |
1,504,112 |
|
|
$ |
1,504,112 |
|
| Capital note |
|
|
- |
|
|
|
- |
|
|
|
40,000 |
|
|
|
40,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total financial liabilities |
|
|
- |
|
|
|
- |
|
|
$ |
1,544,112 |
|
|
$ |
1,554,112 |
|
| |
|
Fair value measurements using input type |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants |
|
|
- |
|
|
|
- |
|
|
$ |
945,025 |
|
|
$ |
945,025 |
|
| Capital note |
|
|
- |
|
|
|
- |
|
|
|
32,000 |
|
|
|
32,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total financial liabilities |
|
|
- |
|
|
|
- |
|
|
$ |
977,025 |
|
|
$ |
977,025 |
|
|
| Schedule of liabilities measured at fair value on a recurring basis |
| |
|
Level 3 |
|
| |
|
|
|
| Balance as of January 1, 2017 |
|
$ |
1,162,814 |
|
| |
|
|
|
|
| Fair value of warrants issued |
|
|
684,015 |
|
| Fair value of warrants granted for services |
|
|
738,091 |
|
| Changes in Fair value of warrants and capital note |
|
|
(491,884 |
) |
| |
|
|
|
|
| Balance as of December 31, 2017 |
|
|
2,093,036 |
|
| |
|
|
|
|
| Fair value of warrants issued |
|
|
1,044,528 |
|
| Fair value of warrants granted for services |
|
|
119,779 |
|
| Changes in Fair value of warrants and capital note |
|
|
(2,280,318 |
) |
| |
|
|
|
|
| Balance as of December 31, 2018 |
|
$ |
977,025 |
|
| |
|
|
|
|
| Fair value of warrants issued |
|
|
600,469 |
|
| Changes in Fair value of warrants and capital note |
|
|
(33,382 |
) |
| |
|
|
|
|
| Balance as of December 31, 2019 |
|
$ |
1,544,112 |
|
|
| Condensed Cash Flow Statement [Table Text Block] |
| |
|
Year ended December 31, 2018 |
|
| |
|
As previously
reported |
|
|
Adjustments |
|
|
As adjusted |
|
| |
|
|
|
|
|
|
|
|
|
| Changes in restricted cash |
|
$ |
706 |
|
|
$ |
(706 |
) |
|
$ |
- |
|
| Net cash used in operating activities |
|
|
2,591,341 |
|
|
|
706 |
|
|
|
2,592,047 |
|
| Decrease in cash and cash equivalents |
|
|
(305,357 |
) |
|
|
(706 |
) |
|
|
(306,063 |
) |
| Cash and cash equivalent at the beginning of the year |
|
|
450,305 |
|
|
|
15,380 |
|
|
|
465,685 |
|
| Cash and cash equivalents at the end of the year |
|
$ |
144,948 |
|
|
$ |
14,674 |
|
|
$ |
159,622 |
|
| |
|
Year ended December 31, 2017 |
|
| |
|
As previously
reported |
|
|
Adjustments |
|
|
As adjusted |
|
| |
|
|
|
|
|
|
|
|
|
| Net cash acquired in acquisition of Digiflex |
|
$ |
- |
|
|
$ |
15,380 |
|
|
$ |
15,380 |
|
| Increase in cash and cash equivalents |
|
|
324,083 |
|
|
|
15,380 |
|
|
|
339,463 |
|
| Cash and cash equivalents at the end of the year |
|
$ |
450,305 |
|
|
$ |
15,380 |
|
|
$ |
465,685 |
|
|