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

Consolidated Statements of Changes in Shareholders' Deficit

v3.7.0.1
Consolidated Statements of Changes in Shareholders' Deficit - USD ($)
Total
Ordinary shares
Preferred shares
Additional paid-in Capital
Accumulated deficit
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    
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)
Stock based compensation 382,595 382,595
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    
Issuance of ordinary shares, net of issuance cost 298,464 $ 780 297,684
Issuance of ordinary shares, net of issuance cost, Shares   296,813    
Stock based compensation 8,788 8,788
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    
Issuance of ordinary shares, net of issuance cost 1,013,808 $ 3,199 1,010,609
Issuance of ordinary shares, net of issuance cost, Shares   1,234,001      
Beneficial conversion feature related to bridge financing notes 74,160     74,160  
Conversion of bridge financing notes to ordinary shares 206,000 $ 713   205,287  
Conversion of bridge financing notes to ordinary shares, Shares   274,667      
Exercise of warrants 26,251 $ 76   26,175  
Exercise of warrants, Shares   28,638      
Exercise of options 154 $ 154      
Exercise of options, Shares   59,922      
Cumulative effect adjustment from adoption of ASU 2016-09       4,379 (4,379)
Stock based compensation 52,389     52,389  
Net loss (1,621,400)       (1,621,400)
Balance at Dec. 31, 2016 $ (1,904,219) $ 37,648 $ 10,300,428 $ (12,242,295)
Balance, Shares at Dec. 31, 2016   14,505,126