LOSS PER ORDINARY SHARE
|12 Months Ended|
Dec. 31, 2016
|Earnings Per Share [Abstract]|
|Earnings Per Share [Text Block]||
NOTE 16 LOSS PER ORDINARY SHARE
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:
During the years ended December 31, 2016 and 2015, 4,518,406 and 3,106,000, three year warrants, respectively, were issued - as described in Note 7. These warrants are participating securities as described in Note 2.J., but were not taken into account in calculating either the basic or diluted loss per ordinary share, as their effect was anti-dilutive. During the years ended December 31, 2015 and 2014 there were no other potential instruments (except for the convertible preferred shares).
During the year ended December 31, 2016, the total weighted average number of ordinary shares related to outstanding options and warrants excluded from the calculation of the diluted loss per share was 1,182,066.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef