Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets

B. The Company is still in its development stage and has not yet generated revenues, therefore, it is more likely than not that sufficient taxable income will not be available for the tax losses to be utilized in the future. Therefore, a valuation allowance was recorded to reduce the deferred tax assets to its recoverable amounts.

	As of December 31,
	2017			2016
Net operating loss carry-forward	$	488,603		$	481,052
Total deferred tax assets		117,265			120,263
Valuation allowance		(117,265	)		(120,263	)
Net deferred tax assets	$	-		$	-

Schedule of Statutory Corporate Tax Rate and Effective Income Tax Rate

The following is a reconciliation of the taxes on income assuming that all income is taxed at the ordinary statutory corporate tax rate in Israel and the effective income tax rate:

	As of December 31,
	2017			2016
	(in thousands)
Net loss as reported in the statements of operations	$	7,589		$	9,663
Statutory tax rate		24	%		25	%
Income Tax under statutory tax rate		1,821			2,416
Change in valuation allowance		(1,821	)		(2,416	)
Actual income tax	$	-		$	-