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

LOSS PER ORDINARY SHARE (Tables)

v3.7.0.1
LOSS PER ORDINARY SHARE (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The loss and the weighted average number of ordinary shares used in computing basic and diluted loss per ordinary share for the years ended December 31, 2016, 2015 and 2014, are as follows:
 
 
 
Year ended December 31
 
 
 
2016
 
2015
 
2014
 
 
 
US Dollars
 
 
 
 
 
 
 
 
 
Loss for the year
 
 
653,461
 
 
818,541
 
 
322,067
 
Less: Loss attributed to preferred shares
 
 
32,483
 
 
51,084
 
 
30,721
 
Loss for the year attributable to ordinary shareholders
 
 
620,978
 
 
767,457
 
 
291,346
 
 
 
 
Year ended December 31
 
 
 
2016
 
2015
 
2014
 
 
 
Number of shares
 
 
 
 
 
 
 
 
 
Weighted average number of ordinary shares outstanding attributable to ordinary shareholders
 
 
62,467,556
 
 
45,190,017
 
 
28,450,908