RESEARCH AND DEVELOPMENT EXPENSES, NET

12 Months Ended

Dec. 31, 2016

Research, Development, and Computer Software Disclosure [Text Block]

NOTE 12 – RESEARCH AND DEVELOPMENT EXPENSES, NET

	Year ended December 31
	2016		2015		2014
	US Dollars

Salaries and related expenses		136,578		166,849		215,315
Stock-based compensation		48,056		-		-
Professional fees		56,377		53,750		75,566
Laboratory and materials		124,748		50,858		18,828
Patent expenses		24,956		51,846		24,292
Royalties (*)		50,000		35,000		-
Depreciation		20,526		11,369		434
Travel expenses		19,419		-		2,039
Insurance and other expenses		3,293		4,351		-
		483,953		374,023		336,474
Less: Grants from the OCS and others		(166,046)		-		-
		317,907		374,023		336,474

(*) liability for minimum royalties - see Note 9B.

- Definition

The entire disclosure for research, development, and computer software activities, including contracts and arrangements to be performed for others and with federal government. Includes costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility and in-process research and development acquired in a business combination consummated during the period.

+ References + Details