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SHAREHOLDERS' EQUITY (DEFICIT) (Tables)
12 Months Ended
Dec. 31, 2015
SHAREHOLDERS' EQUITY (DEFICIT)  
Schedule of share capital

                                                                                                                                                                                    

 

 

 

 

 

 

December 31, 2014

 

 

 

December 31, 2015

 

Authorized

 

 

 

 

 

Authorized

 

Issued and
outstanding

 

Number of
shares

 

Issued and
outstanding

 

Ordinary share of NIS 0.01 par value

 

 

50,000,000 

 

 

13,585,810 

 

 

30,689,077 

 

 

502,224 

 

​  

​  

​  

​  

​  

​  

​  

​  

Series A1 Preferred share of NIS 0.01 par value

 

 

 

 

 

 

32,465 

 

 

32,465 

 

Series A2 Preferred share of NIS 0.01 par value

 

 

 

 

 

 

216,528 

 

 

187,837 

 

Series B Preferred share of NIS 0.01 par value

 

 

 

 

 

 

987,489 

 

 

987,489 

 

Series C Preferred share of NIS 0.01 par value

 

 

 

 

 

 

302,816 

 

 

302,816 

 

Series D Preferred share of NIS 0.01 par value

 

 

 

 

 

 

2,569,125 

 

 

2,119,028 

 

Series E Preferred share of NIS 0.01 par value

 

 

 

 

 

 

3,952,500 

 

 

2,266,022 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

 

 

 

 

8,060,923 

 

 

5,895,657 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

 

50,000,000 

 

 

13,585,810 

 

 

38,750,000 

 

 

6,397,881 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of stock options roll forward

                                                                                                                                                                                    

 

 

Number of
options

 

Weighted
average
exercise
price

 

Weighted
average
remaining
contractual
life

 

Aggregate
intrinsic
value

 

 

 

 

 

$

 

(years)

 

$

 

Options outstanding at January 1, 2015

 

 

919,744

 

 

3.54

 

 

5.67

 

 

2.18

 

Options granted

 

 

463,811

 

 

5.74

 

 

 

 

 

 

 

Options expired

 

 

(77,291

)

 

2.29

 

 

 

 

 

 

 

Options exercised

 

 

(56,366

)

 

2.57

 

 

 

 

 

 

 

​  

​  

​  

​  

Options outstanding at end of year

 

 

1,249,898

 

 

4.39

 

 

5.78

 

 

8.99

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Options vested and expected to be vested at end of year

 

 

1,241,716

 

 

4.39

 

 

5.76

 

 

8.84

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Options vested at end of year

 

 

517,153

 

 

2.57

 

 

4.13

 

 

8.84

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of options outstanding based on exercise price

                                                                                                                                                                                    

Exercise price

 

Options
outstanding as of
December 31,
2015

 

Weighted average
remaining
contractual term

 

Options
exercisable as of
December 31,
2015

 

Weighted average
remaining
contractual term

 

 

 

 

 

(years)

 

 

 

(years)

 

0.00

 

 

2,713 

 

 

2.90 

 

 

2,713 

 

 

2.90 

 

3.00

 

 

600 

 

 

9.87 

 

 

 

 

 

3.61

 

 

775,624 

 

 

4.64 

 

 

514,440 

 

 

4.14 

 

3.96

 

 

7,750 

 

 

5.79 

 

 

 

 

 

4.38

 

 

3,500 

 

 

9.58 

 

 

 

 

 

5.55

 

 

5,000 

 

 

9.58 

 

 

 

 

 

5.60

 

 

200,100 

 

 

9.61 

 

 

 

 

 

5.84

 

 

248,798 

 

 

5.98 

 

 

 

 

 

7.45

 

 

5,813 

 

 

8.85 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

1,249,898 

 

 

5.76 

 

 

517,153 

 

 

4.13 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of the assumptions used to estimate the fair values of the options granted

                                                                                                                                                                                    

 

 

Year ended December 31

 

 

2015

 

2014

Volatility

 

61.1% - 61.49%

 

55.77% - 59.62%

Risk-free interest rate

 

1.17% - 1.97%

 

1.19% - 1.6%

Dividend yield

 

0%

 

0%

Expected life (years)

 

4.33 - 5.91

 

3.5 - 4.52

 

Schedule of total compensation cost related to all of the Company's equity-based awards

                                                                                                                                                                                    

 

 

Year ended
December 31,

 

 

 

2015

 

2014

 

Research and development

 

$

145 

 

$

72 

 

Marketing

 

 

11 

 

 

30 

 

General and administrative

 

 

427 

 

 

131 

 

​  

​  

​  

​  

 

 

$

583 

 

$

233 

 

​  

​  

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​  

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​