XML 23 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:      
Cash and cash equivalents $ 215 $ 106 $ 1,614
Trade receivables 3 6 5
Prepaid expenses and other accounts receivable 47 42 86
Inventories 82 67 71
Total current assets 347 221 1,776
NON-CURRENT ASSETS:      
Long-term prepaid expense 110 5 0
Severance pay fund 292 257 197
Property and equipment, net 8 11 10
Total non- current assets 410 273 207
Total assets 757 494 1,983
CURRENT LIABILITIES:      
Trade payables 223 82 58
Other accounts payable 531 483 239
Total current liabilities 754 565 297
LONG-TERM LIABILITIES:      
Convertible promissory notes 713  
Warrants to purchase Common stock 1,948 2,079 [1] 1,696 [1]
Accrued severance pay 393 349 199
Total long-term liabilities 3,054 2,428 1,895
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS' DEFICIENCY:      
Stock capital - Common stock of $ 0.001 par value - Authorized: 24,000,000 shares at June 30, 2017 and December 31, 2016, 20,000,000 shares at December 31, 2015; Issued and outstanding: 2,632,710 and 2,632,710 shares at June 30, 2017 and December 31, 2016; Issued and outstanding: 2,632,710 and 2,611,328 shares at December 31, 2015, respectively. 2 2 2
Additional paid-in capital 22,087 20,073 19,521
Accumulated deficit (25,142) (22,576) (19,734)
Total stockholders' deficiency (3,051) (2,499) (209)
Total liabilities and stockholders' deficiency 757 494 1,983
Series C Preferred Stock [Member]      
STOCKHOLDERS' DEFICIENCY:      
Series C Preferred stock of $ 0.001 par value - Authorized: 5,500,000 shares at June 30, 2017 and December 31, 2016, 5,000,000 shares at December 31, 2015; Issued and outstanding: 1,951,261 shares at June 30, 2017, December 31, 2016 and 2015, respectively $ 2 2 2
Total stockholders' deficiency   $ 2 $ 2
[1] During February 2013 through December 2014, the Company issued to the holders of the Notes, who are related parties of the Company, warrants to purchase 563,910 shares of Common stock. The exercise price at which the warrants may be exercised is $ 2.66 per share, subject to adjustment for stock splits, fundamental transactions or similar events including "down round" protection. The warrants expire on February 2018 through December 2019, based on the issuance date (see also Note 7b).