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STOCKHOLDERS' DEFICIT AND CONVERTIBLE PREFERRED SHARES (Tables)
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Schedule of Stockholders Equity [Table Text Block]
The table below shows the allocation of proceeds from the September 2014 Private Placement and carrying value of the Series A Preferred Stock and warrants issued in such placement:
 
 
 
Year ended
 
 
 
December 31,
 
 
 
2014
 
 
 
 
 
Gross proceeds on September 23, 2014
 
$
4,235
 
Fair value of warrants on September 23,2014
 
 
(1,336)
 
Related issuance costs allocated
 
 
(96)
 
 
 
 
 
 
Net value allocated to Series A Preferred Stock
 
$
2,803
 
 
 
 
 
 
Calculated BCF value
 
 
(2,899)
 
Deemed dividend
 
 
2,899
 
Conversion of Series A Preferred Stock, net of issuance costs
 
 
(46)
 
 
 
 
 
 
Balance at December 31, 2014
 
$
2,757
 
Schedule of Stockholders Equity Note, Warrants or Rights [Table Text Block]
The table below summarizes the outstanding warrants as of December 31, 2014:
 
 
 
Warrants
outstanding as
of December
31, 2014
 
 
Exercise
price
 
 
Expiration date
 
 
 
 
 
$
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investors of the 2011-2012 Private Placement
 
 
2,835,787
 
 
 
1.23
 
 
October 26, 2016
Placement agent of the 2011-2012 Private Placement
 
 
423,496
 
 
 
1.00
 
 
April 8, 2016
Placement agent of the 2011-2012 Private Placement
 
 
540,046
 
 
 
1.23
 
 
April 8, 2016
October 2012 Private Placement FINRA member
 
 
29,585
 
 
 
7.50
 
 
October 16, 2016
August 2012 Private Placement
 
 
141,269
 
 
 
5.00
 
 
April 8, 2015
April-May 2013 Private Placement
 
 
400,000
 
 
 
25.00
 
 
April 4, 2016
Placement agent of the April-May 2013 Private Placement
 
 
80,003
 
 
 
12.50
 
 
April 4, 2016
Placement agent of the April-May 2013 Private Placement
 
 
40,005
 
 
 
25.00
 
 
April 4, 2016
Investors of the September 2014 Private Placement
 
 
5,341,834
 
 
 
0.48
 
 
September 23, 2018
Consulting Agreement
 
 
50,000
 
 
 
7.50
 
 
April 8, 2015
 
 
 
 
 
 
 
 
 
 
 
Total outstanding
 
 
9,882,025
 
 
 
 
 
 
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Transactions related to the grant of options to employees, directors and non-employees under the above plans during the year ended December 31, 2014 were as follows:
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
Weighted
 
average
 
 
 
 
 
 
 
average
 
remaining
 
Aggregate
 
 
 
Number of
 
exercise
 
contractual
 
Intrinsic
 
 
 
options
 
price
 
life
 
value
 
 
 
 
 
$
 
Years
 
$
 
 
 
 
 
 
 
 
 
 
 
Options outstanding at beginning of year
 
 
945,750
 
 
6.90
 
 
7.69
 
 
2,935
 
Options granted
 
 
624,000
 
 
6.36
 
 
 
 
 
 
 
Options exercised
 
 
74,500
 
 
0.09
 
 
 
 
 
 
 
Options expired
 
 
89,250
 
 
11.21
 
 
 
 
 
 
 
Options forfeited
 
 
88,600
 
 
13.54
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Options outstanding at end of year
 
 
1,317,400
 
 
6.59
 
 
6.98
 
 
8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Options vested and expected to vest at end of year
 
 
1,284,800
 
 
6.58
 
 
6.96
 
 
8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at end of year
 
 
962,875
 
 
6.74
 
 
6.42
 
 
8
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following table presents the assumptions used to estimate the fair values of the options granted in the period presented:
 
 
 
Year ended
 
 
 
December 31,
 
 
 
2014
 
2013
 
 
 
 
 
 
 
 
 
Volatility
 
 
54.57%-64.74%
 
 
58.63%-75.77%
 
Risk-free interest rate
 
 
1.65%-2.84%
 
 
0.33%-2.98%
 
Dividend yield
 
 
0%
 
 
0%
 
Expected life (years)
 
 
5-10
 
 
2.7-9.72
 
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]
The total compensation cost related to all of the Company's equity-based awards, recognized during year ended December 31, 2014 and 2013 was comprised as follows:
 
 
 
Year ended
 
 
 
December 31,
 
 
 
2014
 
2013
 
 
 
 
 
 
 
Cost of revenues
 
$
39
 
$
-
 
Research and development
 
 
409
 
 
612
 
Sales, Marketing and pre-production costs
 
 
29
 
 
212
 
General and administrative (*)
 
 
1,215
 
 
2,389
 
 
 
 
 
 
 
 
 
Total stock-based compensation expenses
 
$
1,692
 
$
3,213
 
 
(*)
Excluding restricted Common Stock and warrants to purchase Common Stock that were granted to service provider and for which expenses amounted to $1,011 were recorded during the year ended December 31, 2013.