TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company's deferred tax assets are as follows:

	December 31,
	2012		2011
Deferred tax assets:
Net operating loss carry forward	$	854,678	$	127,196
Temporary differences		247,722		13,755
Deferred tax assets before valuation allowance		1,102,400		140,951
Valuation allowance		(1,102,400)		(140,951)
Net deferred tax asset	$	-	$	-

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Loss before taxes on income consists of the following:

	Year ended December 31, 2012		Period from August 11, 2011 (inception date) to December 31, 2011
Domestic	$	2,987,718	$	259,957
Foreign		2,698,855		125,392
	$	5,686,573	$	385,349