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

RESEARCH AND DEVELOPMENT EXPENSES, NET (Tables)

v3.7.0.1
RESEARCH AND DEVELOPMENT EXPENSES, NET (Tables)
12 Months Ended
Dec. 31, 2016
Research and Development [Abstract]  
Schedule of Research And Development Expenses [Table Text Block]
 
 
Year ended December 31
 
 
 
2016
 
2015
 
2014
 
 
 
US Dollars
 
 
 
 
 
 
 
 
 
Salaries and related expenses
 
 
136,578
 
 
166,849
 
 
215,315
 
Stock-based compensation
 
 
48,056
 
 
-
 
 
-
 
Professional fees
 
 
56,377
 
 
53,750
 
 
75,566
 
Laboratory and materials
 
 
124,748
 
 
50,858
 
 
18,828
 
Patent expenses
 
 
24,956
 
 
51,846
 
 
24,292
 
Royalties (*)
 
 
50,000
 
 
35,000
 
 
-
 
Depreciation
 
 
20,526
 
 
11,369
 
 
434
 
Travel expenses
 
 
19,419
 
 
-
 
 
2,039
 
Insurance and other expenses
 
 
3,293
 
 
4,351
 
 
-
 
 
 
 
483,953
 
 
374,023
 
 
336,474
 
Less: Grants from the OCS and others
 
 
(166,046)
 
 
-
 
 
-
 
 
 
 
317,907
 
 
374,023
 
 
336,474
 
(*) liability for minimum royalties - see Note 9B.