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FAIR VALUE MEASURMENTS (Tables)
9 Months Ended
Sep. 30, 2014
Private Placement Warrants 2011-2012 [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following tabular presentation reflects the components of the liability associated with such warrants as of September 30, 2014:
 
 
 
Fair value
of liability
related to
warrants
 
 
 
 
 
 
Balance at December 31, 2013
 
$
2,696
 
Fair value of warrants to investors and placement agent in the February 2014 Private Placement
 
 
3,230
 
Exchange of the warrants from issuance of Common Stock in the February 2014 Private Placement (Note 4a)
 
 
(1,056)
 
Fair value of warrants to investors and placement agent in the September 2014 Private Placement (Note 4b)
 
 
1,336
 
Change in fair value of warrants during the period
 
 
(3,144)
 
Exercise of warrants (*)
 
 
(9)
 
 
 
 
 
 
Balance at September 30, 2014 (unaudited)
 
$
3,053
 
 
(*)
During the nine month period ended September 30, 2014, the placement agent exercised 1,824 warrants for a total amount of 1,824 shares of Common Stock of the Company, respectively.
Investors Warrants [Member] | Private Placement Warrants 2011-2012 [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Warrants Fair Value [Table Text Block]
Investors’ warrants in 2011-2012 Private Placement:
 
 
 
September  30,
2014
 
 
December 31,
2013
 
 
 
 
 
 
 
 
 
 
Risk-free interest rate (1)
 
 
0.62
%
 
 
0.70
%
Expected volatility (2)
 
 
52.31
%
 
 
52.09
%
Expected life (in years) (3)
 
 
2.08
 
 
 
2.82
 
Expected dividend yield (4)
 
 
0
%
 
 
0
%
 
 
 
 
 
 
 
 
 
Fair value per warrant
 
$
0.40
 
 
$
3.70
 
Investors Warrants [Member] | September 2014 Private Placement [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Warrants Fair Value [Table Text Block]
Investors' warrants in September 2014 Private Placement:
 
 
 
September 30,
2014
 
 
Issuance
date
 
 
 
 
 
 
 
 
 
 
Risk-free interest rate (1)
 
 
1.42
%
 
 
1.42
%
Expected volatility (2)
 
 
48.85
%
 
 
48.75
%
Expected life (in years) (3)
 
 
3.98
 
 
 
4.0
 
Expected dividend yield (4)
 
 
0
%
 
 
0
%
 
 
 
 
 
 
 
 
 
Fair value per warrant
 
$
0.30
 
 
$
0.25
 
 
(1)
Risk-free interest rate - based on yield rates of non-index linked U.S. Federal Reserve treasury bonds.
 
(2)
Expected volatility - was calculated based on actual historical stock price movements of companies in the same industry over a term that is equivalent to the expected term of the option. 
 
(3)
Expected life - the expected life was based on the expiration date of the warrants.
 
(4)
Expected dividend yield - was based on the fact that the Company has not paid dividends to its shareholders in the past and does not expect to pay dividends to its shareholders in the future.
Placement Agent Warrants [Member] | Private Placement Warrants 2011-2012 [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Warrants Fair Value [Table Text Block]
Placement agent's warrants 2011-2012 Private Placement:
 
 
 
 
September  30,
2014
 
 
 
December 31,
2013
 
 
 
 
 
 
 
 
 
 
 
 
Risk-free interest rate (1)
 
 
 
0.36
%
 
 
 
0.50
%
Expected volatility (2)
 
 
 
49.55
%
 
 
 
50.91
%
Expected life (in years) (3)
 
 
 
1.52
 
 
 
 
2.25
 
Expected dividend yield (4)
 
 
 
0
%
 
 
 
0
%
 
 
 
 
 
 
 
 
 
 
 
Fair value per warrant
 
 
$
0.30-0.35
 
 
 
$
3.35-4.15
 
Investors And Placement Agent Warrants [Member] | Private Placement Warrants 2011-2012 [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Warrants Fair Value [Table Text Block]
Investors and placement agent's warrants in February 2014 Private Placement:
 
 
 
August 15,
2014
 
 
Issuance
date
 
 
 
 
 
 
 
 
 
 
Risk-free interest rate (1)
 
 
1.48
%
 
 
1.63
%
Expected volatility (2)
 
 
51.21
%
 
 
61.49
%
Expected life (in years) (3)
 
 
4.8
 
 
 
5.20
 
Expected dividend yield (4)
 
 
0
%
 
 
0
%
 
 
 
 
 
 
 
 
 
Fair value per warrant
 
$
1.10
 
 
$
8.90