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

Financing Income (Expenses), Net

v3.19.1
Financing Income (Expenses), Net
 12 Months Ended
Dec. 31, 2018
Financing Income (Expenses), Net [Abstract]  
FINANCING INCOME (EXPENSES), NET

NOTE 15 – FINANCING INCOME (EXPENSES), NET

 

    Year ended December 31  
    2018     2017     2016  
    US Dollars  
                   
Change in fair value of warrants liability and fair value of warrants expired (see Note 9)   $ 925,910     $ (1,101,229 )   $ 117,577  
Inducement related to warrants exercised     -       (166,500 )     -  
Expenses related to issuing warrants     -       -       (34,272 )
Exchange rate differences and other finance income (expenses)     45,427       (70,029 )     (7,877 )
Liability for minimum royalty expenses     (50,000 )     --       --  
Financing income (expenses), net   $ 921,337     $ (1,337,758 )   $ 75,428