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

Consolidated Statements of Changes in Shareholders' Equity (Deficit)

v3.5.0.2
Consolidated Statements of Changes in Shareholders' Equity (Deficit) - USD ($)
Total
Ordinary shares
Preferred shares
Additional paid-in Capital
Accumulated deficit
Balance at Dec. 31, 2012 $ (1,376,031) $ 5,742 $ 13,869 $ 1,849,602 $ (3,245,243)
Balance, Shares at Dec. 31, 2012   2,226,900 5,335,786    
Reclassification of warrants from liability to equity on April 11, 2013 117,500 117,500
Conversion of convertible loans to Preferred shares on April 11, 2013 1,687,621 $ 5,436 1,682,185
Conversion of convertible loans to Preferred shares on April 11, 2013, Shares   2,088,357    
Issuance of Preferred shares, net of issuance cost, on April 11, 2013 1,064,903 $ 3,133 1,061,770
Issuance of Preferred shares, net of issuance cost, on April 11, 2013, Shares   1,200,002    
Stock based compensation 35,492 35,492
Net loss (1,591,189) (1,591,189)
Balance at Dec. 31, 2013 (61,704) $ 5,742 $ 22,438 4,746,548 (4,836,432)
Balance, Shares at Dec. 31, 2013   2,226,900 8,624,145    
Stock based compensation 382,595 382,595
Conversion of preferred shares to ordinary shares on November 26, 2014 $ 22,438 $ (22,438)
Conversion of preferred shares to ordinary shares on November 26, 2014, Shares   8,624,145 (8,624,145)    
Reclassification of warrants from liability to equity on November 26, 2014 16,883 16,883
Conversion of convertible loans to ordinary shares on November 26, 2014 720,276 $ 1,920 718,356
Conversion of convertible loans to ordinary shares on November 26, 2014, Shares   743,372    
Issuance of ordinary shares, net of issuance cost, on November 26, 2014 1,007,420 $ 2,626 1,004,794
Issuance of ordinary shares, net of issuance cost, on November 26, 2014, Shares   1,016,668    
Deemed dividend in respect of equity restructuring 1,842,061 (1,842,061)
Issuance of warrants and capital note in respect of equity restructuring (90,280) (90,280)
Net loss (2,164,368) (2,164,368)
Balance at Dec. 31, 2014 (189,178) $ 32,726 8,620,957 (8,842,861)
Balance, Shares at Dec. 31, 2014   12,611,085    
Stock based compensation 8,788 8,788
Issuance of ordinary shares, net of issuance cost 298,464 $ 780 297,684
Issuance of ordinary shares, net of issuance cost, Shares   296,813    
Net loss (1,773,655) (1,773,655)
Balance at Dec. 31, 2015 $ (1,655,581) $ 33,506 $ 8,927,429 $ (10,616,516)
Balance, Shares at Dec. 31, 2015   12,907,898