RESEARCH EXPENSES, NET

9 Months Ended

12 Months Ended

Sep. 30, 2016

Dec. 31, 2015

NOTE 11 - RESEARCH AND DEVELOPMENT EXPENSES, NET


	Nine months ended September 30,						Three months ended September 30,						Year ended December 31,
	2016			2015			2016			2015			2015
	Unaudited						Unaudited
Wages and related expenses	$	350,250		$	345,802		$	121,593		$	109,933		$	464,481
Materials		90,717			10,580			40,802			190			11,072
Patents		60,084			24,021			41,310			6,720			36,967
Office and maintenance		8,868			46,614			4,538			42,139			11,122
Rent		36,282			18,454			10,941			17,722			29,442
Professional services		131,935			272,441			119,511			46,326			364,638
Depreciation		3,715			7,269			2,128			4,221			6,392
Other		31,769			20,693			20,872			15,377			100,033

		713,620			745,874			361,695			211,874			1,024,147
Less grants received from chief scientist		(111,045	)		(268,267	)		(21,644	)		(196,261	)		(201,388	)

	$	602,575		$	477,607		$	340,051		$	15,613		$	822,759

NOTE 11 - RESEARCH EXPENSES, NET


	Year ended December 31,
	2015			2014
Wages and related expenses	$	464,481		$	479,717
Materials		11,072			27,083
Patents		36,967			115,853
Office and maintenance		11,122			15,258
Rent		29,442			28,689
Professional services		364,638			537,422
Depreciation		6,392			5,223
Other		100,033			57,086

		1,024,147			1,266,331
Less grants received from chief scientist		(201,388	)		(429,633	)

	$	822,759		$	836,698

- 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