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

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Revenues $ 88,691 $ 67,678 $ 60,740
Other income 10,403 7,592
Total revenues 88,691 78,081 68,332
Cost of revenues 94,238 78,622 69,051
Amortization of intangible assets 37,694
Gross loss 43,241 541 719
Operating expenses:      
Research and development 787,025 976,882 901,030
Less - research and development grants (382,134) (344,056) (180,033)
Research and development, net 404,891 632,826 720,997
Sales and marketing 480,963 336,287 245,756
General and administrative 1,227,632 571,110 807,277
Acquisition related costs 750,956
Total operating expenses 2,864,442 1,540,223 1,774,030
Operating loss 2,907,683 1,540,764 1,774,749
Financial expenses (income), net (63,778) 80,636 (1,094)
Net loss $ 2,843,905 $ 1,621,400 $ 1,773,655
Net loss per share:      
Basic and diluted net loss per share $ 0.19 $ 0.12 $ 0.14
Weighted average number of ordinary shares used in computing basic and diluted net loss per share 15,249,947 13,704,673 12,745,710