LIQUIDITY, FINANCIAL CONDITION AND MANAGEMENT PLANS

6 Months Ended

Jun. 30, 2018

Liquidity Financial Condition And Management Plans

LIQUIDITY, FINANCIAL CONDITION AND MANAGEMENT PLANS

NOTE 2:- LIQUIDITY, FINANCIAL CONDITION AND MANAGEMENT PLANS

The Company’s ability to continue to operate is dependent mainly on its ability to successfully market and sell its products and the receipt of additional financing until profitability is achieved. The Company currently and historically incurs losses from operations and expects to do so in the future. As a result, the Company may not have sufficient resources to fund its operations for the next twelve months. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. During the next twelve months management expects that the Company will need to raise additional capital to finance its losses and negative cash flows from operations and may continue to be dependent on additional capital raising as long as its products do not reach commercial profitability. Management’s plans include the continued commercialization of the Company’s products and raising capital through the sale of additional equity securities, debt or capital inflows from strategic partnerships. There are no assurances, however, that the Company will be successful in obtaining the level of financing needed for its operations. If the Company is unsuccessful in commercializing its products and raising capital, it will need to reduce activities, curtail or cease operations. The financial statements do not include any adjustments with respect to the carrying amounts of assets and liabilities and their classification that might be necessary should the Company be unable to continue as a going concern.