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

Statements of Changes in Shareholder's Deficit

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Statements of Changes in Shareholder's Deficit - USD ($)
Total
Preferred shares, NIS 0.01 Par Value
Ordinary shares, NIS 0.01 Par Value
Receipts on account of shares
Additional paid-in capital
Accumulated deficit
BALANCE at Dec. 31, 2014 $ (587,693) $ 8,562 $ 89,492 $ 57,356 $ 345,335 $ (1,088,438)
BALANCE, Share at Dec. 31, 2014   3,000,000 33,352,200 57,356    
CHANGES DURING THE YEAR ENDED            
Issuance of ordinary shares, net of issuance expenses 659,485 $ 62,395 597,090
Issuance of ordinary shares, net of issuance expenses, Share   24,479,800      
Stock-based compensation 219,239 $ 248 $ 2,539 216,452
Stock-based compensation, shares   96,195 1,000,000      
Ordinary shares issued, for previous receipts for shares $ 355 (57,356) 57,001
Ordinary shares issued, for previous receipts for shares, shares   123,900      
Net loss for the year (818,541)         (818,541)
BALANCE at Dec. 31, 2015 (527,510) $ 8,810 $ 154,781 1,215,878 (1,906,979)
BALANCE shares at Dec. 31, 2015   3,096,195 58,955,900 0    
CHANGES DURING THE YEAR ENDED            
Issuance of ordinary shares, net of issuance expenses 566,569 $ 11,669 554,900
Issuance of ordinary shares, net of issuance expenses, Share   4,518,406      
Exercise of stock options 273 $ 273
Exercise of stock options, shares   103,428      
Stock-based compensation 161,430 $ 614 160,816
Stock-based compensation, shares   237,276      
Stock-based compensation for consulting services 48,750 48,750
Stock-based compensation for consulting services, shares        
Net loss for the year (653,461)     (653,461)
BALANCE at Dec. 31, 2016 (403,949) $ 9,424 $ 166,723 1,980,344 (2,560,440)
BALANCE shares at Dec. 31, 2016   3,333,471 63,577,734 0    
CHANGES DURING THE YEAR ENDED            
Exercise of warrants, net of issuance expenses (see Note 8) 1,063,100 $ 4,625 1,058,475
Exercise of warrants, net of issuance expenses (see Note 8), shares   1,665,000      
Issuance of ordinary shares, net of issuance expenses 562,553 $ 3,015 559,538
Issuance of ordinary shares, net of issuance expenses, Share   1,061,125      
Exercise of stock options 226 $ 226
Exercise of stock options, shares   81,432      
Stock-based compensation 110,008 $ 51 109,957
Stock-based compensation, shares   18,379        
Conversion of preferred shares into ordinary shares $ (9,475) $ 9,475
Conversion of preferred shares into ordinary shares, shares   (3,351,850) 3,351,850      
Stock-based compensation for consulting services 3,801 $ 897 2,904
Stock-based compensation for consulting services, shares   350,000      
Net loss for the year (2,675,372) (2,675,372)
BALANCE at Dec. 31, 2017 $ (1,339,633) $ 184,961   $ 3,711,218 $ (5,235,812)
BALANCE shares at Dec. 31, 2017   70,087,141