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

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash $ 126,222 $ 10,912
Other current assets 152,504 153,120
Inventories 57,072 62,685
Total current assets 335,798 226,717
LONG-TERM ASSETS:    
Property and equipment, net 400,992 217,794
Total assets 736,790 444,511
CURRENT LIABILITIES:    
Short term bank credit 18,677 37,707
Trade payables 673,537 284,061
Employees and payroll accruals 171,798 138,484
Other current liabilities 614,183 634,350
Total current liabilities 1,478,195 1,094,602
LONG TERM LIABILITIES:    
Warrants 1,117,321 961,922
Capital Note 45,493 43,568
Total liabilities 2,641,009 2,100,092
SHAREHOLDERS' DEFICIT:    
Share capital - Ordinary shares of NIS 0.01 par value - Authorized: 100,000,000 shares at December 31, 2015 and 2016; Issued and outstanding: 12,907,898 and 14,505,126 shares at December 31, 2015 and 2016, respectively 37,648 33,506
Additional paid in capital 10,300,428 8,927,429
Accumulated deficit (12,242,295) (10,616,516)
Total shareholders' deficit (1,904,219) (1,655,581)
Total liabilities and shareholders' deficit $ 736,790 $ 444,511