Fair Value Measurement

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurement

NOTE 6 - FAIR VALUE MEASURMENT:

The following tables summarize the activity for those financial liabilities where fair value measurements are estimated utilizing Level 3 inputs:

	9 Months Ended
	September 30, 2018
	Derivative liability
Balance as of January 1, 2018	$	-
Classification of Redemption Obligation of preferred shares holder to Mezzanine		620
Conversion of Series C Preferred Stock to common shares		(182	)
Revaluation of embedded derivative- financial income		(438	)
Balance as of September 30, 2018	$	-

Level 3 liabilities include Derivative Liability related to the Company Series C Preferred Stock, as described in Note 4c. The Company values the Level 3 Derivative Liability using multi-period Binomial model, whose inputs include probability of completing fund raising and the related fund raise amounts, volatility of stock prices, stock prices, term to extinguish the Series C preferred shares held by the Series D investor.

In calculating the fair value of Derivative Liability, the Company used the following assumptions: stock price of $4.20 for the transaction date, and Volatility of 140.95% -166.60% for the transaction date.

Fair value of financial instruments

The carrying amounts of financial instruments included in working capital approximate their fair value either because these amounts are presented at fair value or due to the relatively short-term maturities of such instruments.

As of both September 30, 2018, and December 31, 2017, allowance for doubtful accounts was $72,000.