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FAIR VALUE MEASUREMENTS (Details) - Investors Warrants [Member] - September 2014 Private Placement [Member]
3 Months Ended
Mar. 31, 2018
$ / shares
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]  
Risk-free interest rate 1.93% [1]
Expected volatility 77.69% [2]
Expected life (in years) 5 months 23 days [3]
Expected dividend yield 0.00% [4]
Fair value per warrant $ 0.0004 [5]
[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 the Company together with 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.
[5] The changes in Level 3 liabilities associated with the warrants are measured at fair value on a recurring basis. The following tabular presentation reflects the components of the liability associated with such warrants as of March 31, 2018: