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

Liability for Minimum Royalties

v3.8.0.1
Liability for Minimum Royalties
12 Months Ended
Dec. 31, 2017
Liability for Minimum Royalties [Abstract]  
LIABILITY FOR MINIMUM ROYALTIES

NOTE 5 – LIABILITY FOR MINIMUM ROYALTIES

 

At inception of the Company, the Company entered into a license agreement with B.G. Negev Technologies and Applications Ltd. (a wholly owned subsidiary of Ben Gurion University - Israel) and Mor Research Applications Ltd. (a wholly owned subsidiary of Clalit Medical Services - Israel) (the “Licensors”). According to the license agreement, future royalties would be paid to the Licensors (see also Note 9B).