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

Research and Development Expenses, Net

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Research and Development Expenses, Net
12 Months Ended
Dec. 31, 2017
Research and Development Expenses, Net [Abstract]  
RESEARCH AND DEVELOPMENT EXPENSES, NET

NOTE 12 – RESEARCH AND DEVELOPMENT EXPENSES, NET

 

    Year ended December 31  
    2017     2016     2015  
                   
Salaries and related expenses   $ 144,250     $ 136,578     $ 166,849  
Stock-based compensation     22,883       48,056       -  
Professional fees     31,690       56,377       53,750  
Laboratory and materials     184,073       124,748       50,858  
Patent expenses     62,888       24,956       51,846  
Liability for minimum royalties expenses (*)     238,000       50,000       35,000  
Depreciation     24,083       20,526       11,369  
Travel expenses     6,512       19,419       -  
Insurance and other expenses     6,148       3,293       4,351  
      720,527       483,953       374,023  
Less: Grants from the OCS and others (**)     -       (166,046 )     -  
    $ 720,527     $ 317,907     $ 374,023  

 

(*) See Note 9B.

 

(**) See Note 9A and 9D.