Commitment and Contingent Liabilities (Details Textual) |
1 Months Ended | 12 Months Ended | 24 Months Ended | ||||||
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Jan. 31, 2015
USD ($)
ft²
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Jan. 31, 2015
ILS (₪)
ft²
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Dec. 31, 2017
USD ($)
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Dec. 31, 2017
ILS (₪)
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Dec. 31, 2016
USD ($)
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Dec. 31, 2013
USD ($)
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Dec. 31, 2013
USD ($)
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Dec. 31, 2017
ILS (₪)
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Oct. 31, 2015
USD ($)
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Research and development grants received | $ 56,000 | $ 162,017 | |||||||
Grants receivable | $ 185,000 | $ 56,000 | |||||||
Royalty agreement, expected minimum equity proceeds to pay royaltues | $ 10,000,000 | ||||||||
Term of contract | 1 year | 1 year | |||||||
Future minimum payments | 10,000 | ||||||||
Other commitment, due in next twelve months | 25,000 | ||||||||
Other commitment, due in second year | 50,000 | ||||||||
Area of land | ft² | 108 | 108 | |||||||
Operating leases, rent expense | $ 1,750 | ₪ 6,780 | $ 1,800 | ₪ 7,000 | |||||
Service fee percentage on grants received | 10.00% | 10.00% | |||||||
Future minimum payments due, next twelve months | $ 24,000 | ₪ 84,000 | |||||||
Description of royalty payment |
The Company is required to pay royalties to the OCS at a rate of 3% in the first three years and 3.5% starting from the fourth year, of the proceeds from the sale of the Company's products arising from the Development Plan up to an amount equal to $272,237,plus annual interest equal to 12-month LIBOR applicable to dollar deposit.
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Liability for minimum royalties | 135,000 | 85,000 | |||||||
Liability for minimum royalties - long-term | 188,000 | ||||||||
Liabilities | $ 323,000 |
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- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for royalties. No definition available.
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- Definition Represents the minimum amount of equity proceeds the company should achieve for making royalty payments. No definition available.
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- Definition Description of the commitment regarding royalty payment. No definition available.
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- Definition It represents the percentage rate of service fee on grants. No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for royalties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Area of land held. No definition available.
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- Definition Carrying amount as of the balance sheet date of amounts due under the terms of governmental, corporate, or foundation grants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
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- Definition Term of the lessee's leasing arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Minimum amount of other commitment maturing in the next fiscal year following the latest fiscal year for commitments not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in this taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions. No definition available.
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- Definition Minimum amount of other commitment maturing in the second fiscal year following the latest fiscal year for commitments not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in this taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions. No definition available.
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- Definition Amount of other commitments maturing in the remainder of the fiscal year following the latest fiscal year ended. No definition available.
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- Definition Revenue earned during the period from non-repayable sum of money awarded to an entity to carry out a specific purpose as provided in grant agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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