SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2017

SHAREHOLDERS' EQUITY

Schedule of stock options

	Number of		Weighted average exercise price	Weighted average remaining contractual life	Aggregate intrinsic value
	options		$	(years)	$
Options outstanding at January 1, 2017	1,689,555		4.025	6.06	*	)
Options granted	68,107		3.35
Options forfeited	(5,178	)	3.96
Options outstanding at end of the period	1,752,484		3.99	5.98	3,188
Options vested at end of the period	1,010,835		4.24	4.13	1,593

*) Represent amount less than $1.

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

	Three months ended
	March 31, 2017
Risk-free interest rate	2.15	%
Volatility	82.8	%
Expected life (in years)	5.87
Dividend yield	0	%

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

	Three months ended March 31,
	2017		2016
	Unaudited
Research and development	$	46	$	33
Sales and marketing	14		1
General and administrative	185		174
	$	245	$	208