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STOCKHOLDERS' DEFICIT AND CONVERTIBLE PREFERRED SHARES (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule of Stockholders Equity [Table Text Block]
The table below presents the September 2014 Private Placement carrying value of the warrants issued in such placement:
 
 
 
Year ended
 
 
 
December 31,
 
 
 
2015
 
Fair value of warrants at beginning of year
 
$
101
 
Revaluation of warrants during the year
 
 
1,099
 
Reclassification of warrants to additional paid-in capital upon warrant replacement agreement in November and December 2015
 
 
(822)
 
 
 
 
 
 
Fair value of warrants at the end of the year
 
$
378
 
Schedule of Stockholders Equity Note, Warrants or Rights [Table Text Block]
o.
The table below summarizes the outstanding warrants as of December 31, 2016:
 
 
 
Warrants
 
 
 
 
 
 
 
 
 
outstanding as of
 
 
Exercise
 
 
 
 
 
December 31, 2016
 
 
price $
 
Expiration date
 
September 2014 PPM
 
 
56,764
 
 
 
8.56
 
September 23, 2018
 
September 2014 PPM-Warrant Replacement Agreement
 
 
264,012
 
 
 
8.56
 
September 23, 2018
 
February 2015 PPM A (*)
 
 
4,630
 
 
 
4.32
 
November 25,2015
 
February 2015 PPM B
 
 
125,903
 
 
 
5.40
 
February 25,2018
 
February 2015 PPM A-Finders
 
 
13,415
 
 
 
3.24
 
February 25,2018
 
February 2015 PPM - C Finders
 
 
3,355
 
 
 
5.40
 
February 25,2018
 
February 2015 PPM - B 2nd closing
 
 
30,866
 
 
 
5.40
 
March 16, 2018
 
July 2015 PPM - 2015 Series A Warrants - 1st Closing
 
 
131,966
 
 
 
6.66
 
July 23, 2017
 
July 2015 PPM - 2015 Series B Warrants - 1st Closing
 
 
138,910
 
 
 
7.20
 
July 23, 2018
 
July 2015 PPM - 2015 Series A Warrants (Finder's warrants)
 
 
17,213
 
 
 
6.66
 
August 28, 2017
 
July 2015 PPM - 2015 Series B Warrants (Finder's warrants)
 
 
17,213
 
 
 
7.20
 
August 28, 2018
 
July 2015 PPM - 2015 Series A Warrants-2nd Closing
 
 
93,077
 
 
 
6.66
 
August 28, 2017
 
July 2015 PPM - 2015 Series B Warrants-2nd Closing
 
 
93,077
 
 
 
7.20
 
August 28, 2018
 
July 2015 PPM (PA) - 1st Closing
 
 
23,613
 
 
 
5.40
 
July 23, 2018
 
July 2015 PPM (PA) - 2015 Series A Warrants  - 1st Closing
 
 
11,807
 
 
 
6.66
 
July 23, 2017
 
July 2015 PPM (PA) – 2015 Series B Warrants – 1st Closing
 
 
11,807
 
 
 
7.20
 
July 23, 2018
 
July 2015 PPM (PA) - 2nd Closing
 
 
1,341
 
 
 
5.40
 
August 28, 2018
 
July 2015 PPM (PA) - 2015 Series A Warrants - 2nd Closing
 
 
671
 
 
 
6.66
 
August 28, 2017
 
July 2015 PPM (PA) - 2015 Series B Warrants - 2nd Closing
 
 
671
 
 
 
7.20
 
August 28, 2018
 
November 2015 PPM - 2015 Series A Warrants (Finder's warrants)
 
 
32,010
 
 
 
6.66
 
March 19, 2017
 
November 2015 PPM - 2015 Series B Warrants (Finder's warrants)
 
 
13,720
 
 
 
7.74
 
November 19, 2018
 
November 2015 PPM - Series A Warrants
 
 
297,445
 
 
 
6.66
 
March 19, 2017
 
November 2015 PPM - Series B Warrants
 
 
127,485
 
 
 
7.74
 
November 19, 2018
 
March 2016 PPM – Warrants
 
 
1,528,333
 
 
 
4.50
 
March 8, 2021
 
March 2016 PPM – (Finder’s Warrants)
 
 
73,333
 
 
 
4.50
 
March 8, 2021
 
March 2016 Public Offering - Warrants
 
 
666,666
 
 
 
4.50
 
March 8, 2021
 
March 2016 Public Offering – Banker Warrants
 
 
143,333
 
 
 
5.625
 
March 8, 2021
 
August 2016 – Settlement - Warrants
 
 
300,000
 
 
 
4.50
 
March 8, 2021
 
 
 
 
 
 
 
 
 
 
 
 
Total outstanding
 
 
4,222,637
 
 
 
 
 
 
 
 
(*)
Warrants for which cash has been received by the Company but no securities issued.
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, 2016 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
 
 
587,678
 
 
16.87
 
 
5.8
 
 
1,264
 
Options granted
 
 
67,667
 
 
4.80
 
 
 
 
 
 
 
Options exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Options expired
 
 
60,218
 
 
6.23
 
 
 
 
 
 
 
Options forfeited
 
 
11,973
 
 
18.29
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Options outstanding at end of year
 
 
583,334
 
 
16.53
 
 
4.87
 
 
7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Options vested and expected to vest at end of year
 
 
529,514
 
 
17.42
 
 
4.27
 
 
7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at end of year
 
 
362,560
 
 
23.12
 
 
4.81
 
 
7
 
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,
 
 
 
2016
 
2015
 
 
 
 
 
 
 
 
 
Volatility
 
 
82.36%-86.03
%
 
82.39%-87.28
%
Risk-free interest rate
 
 
0.91%-0.99
%
 
1.00%-1.54
%
Dividend yield
 
 
0
%
 
0
%
Expected life (years)
 
 
3.5-4.06
 
 
5.68-8.51
 
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, 2016 and 2015 were comprised as follows:
 
 
 
Year ended
 
 
 
December 31,
 
 
 
2016
 
2015
 
 
 
 
 
 
 
Cost of revenues
 
$
73
 
$
183
 
Research and development
 
 
91
 
 
185
 
Sales, Marketing and pre-production costs
 
 
97
 
 
111
 
General and administrative
 
 
777
 
 
1,244
 
 
 
 
 
 
 
 
 
Total stock-based compensation expenses
 
$
1,038
 
$
1,723