Balance Sheet

v3.19.1
Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 63,550 $ 683,202
Restricted cash 9,343 10,099
Other current assets 32,990 19,754
Total current assets 105,883 713,055
Property and equipment, net 93,242 103,374
Total assets 199,125 816,429
Current liabilities:    
Short-term loans from third party, net 18,012
Fair value of derivative liability related to conversion feature 9,000
Liability for minimum royalties 185,000 135,000
Accounts payable 163,174
Short-term loans from shareholders 611,925
Other current liabilities 211,423 109,791
Total current liabilities 1,198,534 244,791
Non-current liabilities:    
Long-term loans from shareholders 659,526
Liability for minimum royalties - long-term 188,000 188,000
Derivative warrant liability 28,525 1,063,745
Total non-current liabilities 216,525 1,911,271
Commitments and contingent liabilities  
Shareholders' deficit:    
Ordinary Shares of NIS 0.01 par value each: Authorized: 1,000,000,000 shares at December 31, 2018 and 2017. Issued and outstanding: 72,230,162 shares and 70,087,141 shares at December 31, 2018 and 2017, respectively 190,679 184,961
Additional paid-in capital 4,286,740 3,711,218
Accumulated deficit (5,693,353) (5,235,812)
Total shareholders' deficit (1,215,934) (1,339,633)
Total liabilities and shareholders' deficit $ 199,125 $ 816,429

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