0001137883 2000-09-21 0001137883 us-gaap:CommonStockMember 2000-09-21 0001137883 us-gaap:AdditionalPaidInCapitalMember 2000-09-21 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2000-09-21 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2000-09-21 0001137883 2000-09-22 0001137883 us-gaap:CommonStockMember 2000-09-22 0001137883 us-gaap:AdditionalPaidInCapitalMember 2000-09-22 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2000-09-22 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2000-09-22 0001137883 2000-09-24 0001137883 us-gaap:CommonStockMember 2000-09-24 0001137883 us-gaap:AdditionalPaidInCapitalMember 2000-09-24 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2000-09-24 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2000-09-24 0001137883 2000-09-23 2001-03-31 0001137883 us-gaap:CommonStockMember 2000-09-23 2001-03-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2000-09-23 2001-03-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2000-09-23 2001-03-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2000-09-23 2001-03-31 0001137883 2001-03-31 0001137883 us-gaap:CommonStockMember 2001-03-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2001-03-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2001-03-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2001-03-31 0001137883 2001-04-01 2002-03-31 0001137883 us-gaap:CommonStockMember 2001-04-01 2002-03-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2001-04-01 2002-03-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2001-04-01 2002-03-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2001-04-01 2002-03-31 0001137883 2002-03-31 0001137883 us-gaap:CommonStockMember 2002-03-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2002-03-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2002-03-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2002-03-31 0001137883 2002-04-01 2003-03-31 0001137883 us-gaap:CommonStockMember 2002-04-01 2003-03-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2002-04-01 2003-03-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2002-04-01 2003-03-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2002-04-01 2003-03-31 0001137883 2003-03-31 0001137883 us-gaap:CommonStockMember 2003-03-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2003-03-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2003-03-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2003-03-31 0001137883 2003-04-01 2004-03-31 0001137883 us-gaap:CommonStockMember 2003-04-01 2004-03-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2003-04-01 2004-03-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2003-04-01 2004-03-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2003-04-01 2004-03-31 0001137883 2004-03-31 0001137883 us-gaap:CommonStockMember 2004-03-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2004-03-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2004-03-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2004-03-31 0001137883 2000-09-23 2004-03-31 0001137883 2004-05-21 0001137883 bcli:PurchaseAgreementMember 2004-05-21 0001137883 bcli:FilingServiceMember 2004-06-01 2004-06-30 0001137883 us-gaap:MaximumMember bcli:FilingServiceMember 2004-06-01 2004-06-30 0001137883 us-gaap:MinimumMember bcli:FilingServiceMember 2004-06-01 2004-06-30 0001137883 us-gaap:PrivatePlacementMember 2004-01-01 2004-12-31 0001137883 bcli:GlobalShareOptionPlan2004AndUSStockOptionAndIncentivePlan2005Member 2004-01-01 2004-12-31 0001137883 bcli:GlobalShareOptionPlan2004Member 2004-01-01 2004-12-31 0001137883 bcli:USStockOptionAndIncentivePlanMember 2004-01-01 2004-12-31 0001137883 bcli:EldadMelamedAndDanielOffenConsultantsMember 2004-01-01 2004-12-31 0001137883 us-gaap:PrivatePlacementMember 2005-02-01 2005-02-28 0001137883 bcli:USStockOptionAndIncentivePlanMember 2005-02-01 2005-02-28 0001137883 2004-04-01 2005-03-31 0001137883 us-gaap:CommonStockMember 2004-04-01 2005-03-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2004-04-01 2005-03-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2004-04-01 2005-03-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2004-04-01 2005-03-31 0001137883 2005-03-31 0001137883 us-gaap:CommonStockMember 2005-03-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2005-03-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2005-03-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2005-03-31 0001137883 bcli:USStockOptionAndIncentivePlanMember 2005-03-01 2005-04-30 0001137883 bcli:USStockOptionAndIncentivePlanMember bcli:ScientificAdvisoryBoardOneMember 2005-03-01 2005-04-30 0001137883 bcli:USStockOptionAndIncentivePlanMember bcli:ScientificAdvisoryBoardTwoMember 2005-03-01 2005-04-30 0001137883 bcli:USStockOptionAndIncentivePlanMember bcli:ScientificAdvisoryBoardThreeMember 2005-03-01 2005-04-30 0001137883 bcli:USStockOptionAndIncentivePlanMember bcli:ScientificAdvisoryBoardFourMember 2005-03-01 2005-04-30 0001137883 us-gaap:PrivatePlacementMember 2005-08-01 2005-08-31 0001137883 us-gaap:PrivatePlacementMember 2005-09-01 2005-09-30 0001137883 us-gaap:PrivatePlacementMember 2005-01-01 2005-12-31 0001137883 us-gaap:PrivatePlacementMember 2005-12-01 2005-12-31 0001137883 2005-04-01 2006-03-31 0001137883 us-gaap:CommonStockMember 2005-04-01 2006-03-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2005-04-01 2006-03-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2005-04-01 2006-03-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2005-04-01 2006-03-31 0001137883 2006-03-31 0001137883 us-gaap:CommonStockMember 2006-03-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2006-03-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2006-03-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2006-03-31 0001137883 bcli:EmployeeMember 2006-06-01 2006-06-30 0001137883 us-gaap:MaximumMember bcli:EmployeeMember 2006-06-01 2006-06-30 0001137883 us-gaap:MinimumMember bcli:EmployeeMember 2006-06-01 2006-06-30 0001137883 2006-04-01 2006-12-31 0001137883 us-gaap:CommonStockMember 2006-04-01 2006-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2006-04-01 2006-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2006-04-01 2006-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2006-04-01 2006-12-31 0001137883 2006-12-31 0001137883 us-gaap:CommonStockMember 2006-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2006-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2006-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2006-12-31 0001137883 bcli:ConvertiblePromissoryNoteToThirdPartyMember 2007-03-05 0001137883 us-gaap:DirectorMember us-gaap:RestrictedStockMember 2006-05-01 2007-04-30 0001137883 us-gaap:PrivatePlacementMember bcli:InvestmentAgreementMember 2007-07-31 0001137883 2007-07-01 2007-07-31 0001137883 us-gaap:PrivatePlacementMember bcli:InvestmentAgreementMember 2007-07-01 2007-07-31 0001137883 bcli:DirectorOneMember 2007-07-01 2007-07-31 0001137883 us-gaap:PrivatePlacementMember bcli:WarrantIssuedOneMember bcli:InvestmentAgreementMember 2007-07-01 2007-07-31 0001137883 us-gaap:PrivatePlacementMember bcli:WarrantIssuedTwoMember bcli:InvestmentAgreementMember 2007-07-01 2007-07-31 0001137883 bcli:ScientificAdvisoryBoardMember 2007-10-01 2007-10-31 0001137883 2007-01-01 2007-12-31 0001137883 us-gaap:CommonStockMember 2007-01-01 2007-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2007-01-01 2007-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2007-01-01 2007-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2007-01-01 2007-12-31 0001137883 2007-12-31 0001137883 us-gaap:CommonStockMember 2007-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2007-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2007-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2007-12-31 0001137883 bcli:BreachOfContractMember 2008-04-01 2008-04-30 0001137883 bcli:FinancialAdvisorMember 2008-05-01 2008-05-20 0001137883 us-gaap:DirectorMember us-gaap:RestrictedStockMember 2008-08-01 2008-08-31 0001137883 2008-01-01 2008-12-31 0001137883 us-gaap:CommonStockMember 2008-01-01 2008-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2008-01-01 2008-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2008-01-01 2008-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2008-01-01 2008-12-31 0001137883 bcli:GlobalShareOptionPlan2004AndUSStockOptionAndIncentivePlan2005Member 2008-01-01 2008-12-31 0001137883 2008-12-31 0001137883 us-gaap:CommonStockMember 2008-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2008-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2008-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2008-12-31 0001137883 bcli:ChiefTechnologyAdvisorMember 2009-04-05 0001137883 bcli:ChiefTechnologyAdvisorMember 2009-04-01 2009-04-30 0001137883 bcli:FormerChiefExecutiveOfficerMember 2009-06-01 2009-06-30 0001137883 bcli:FormerChiefFinancialOfficerMember 2009-06-01 2009-06-30 0001137883 bcli:ServiceProviderOneMember 2009-10-01 2009-10-31 0001137883 bcli:ServiceProviderMember 2009-10-01 2009-10-31 0001137883 bcli:ConvertiblePromissoryNoteToLegalAdvisorMember 2009-12-13 0001137883 2009-12-24 0001137883 bcli:InitialResearchPeriodMember 2009-12-24 0001137883 bcli:ExtendedResearchPeriodMember 2009-12-24 0001137883 2009-01-01 2009-12-31 0001137883 us-gaap:CommonStockMember 2009-01-01 2009-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2009-01-01 2009-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2009-01-01 2009-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2009-01-01 2009-12-31 0001137883 2009-12-31 0001137883 us-gaap:CommonStockMember 2009-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2009-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2009-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2009-12-31 0001137883 bcli:ServiceProviderMember 2005-01-01 2009-12-31 0001137883 us-gaap:DirectorMember 2005-01-01 2009-12-31 0001137883 bcli:ConvertiblePromissoryNoteToThirdPartyMember 2010-01-27 0001137883 bcli:ConvertiblePromissoryNoteToThirdPartyMember 2010-01-01 2010-01-27 0001137883 us-gaap:PrivatePlacementMember 2010-01-01 2010-01-31 0001137883 bcli:ServiceProviderMember 2010-01-01 2010-01-31 0001137883 bcli:PublicRelationsAdvisorMember 2010-01-01 2010-01-31 0001137883 us-gaap:PrivatePlacementMember 2010-02-01 2010-02-28 0001137883 bcli:LegalAdvisorMember 2010-02-01 2010-02-28 0001137883 us-gaap:PrivatePlacementMember bcli:InvestorOneMember 2010-02-01 2010-02-28 0001137883 us-gaap:PrivatePlacementMember bcli:InvestorTwoMember 2010-02-01 2010-02-28 0001137883 us-gaap:PrivatePlacementMember bcli:InvestorThreeMember 2010-02-01 2010-02-28 0001137883 bcli:MrIsraeliMember 2010-04-01 2010-04-30 0001137883 bcli:HadasitMember 2010-04-01 2010-04-30 0001137883 bcli:ProfMelamedMember 2010-04-01 2010-04-30 0001137883 us-gaap:RestrictedStockMember bcli:PublicRelationsAdvisorMember 2010-05-01 2010-05-31 0001137883 us-gaap:ManagementMember 2010-05-01 2010-06-30 0001137883 2010-01-01 2010-12-31 0001137883 us-gaap:CommonStockMember 2010-01-01 2010-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2010-01-01 2010-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2010-01-01 2010-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2010-01-01 2010-12-31 0001137883 bcli:EldadMelamedAndDanielOffenConsultantsMember 2010-01-01 2010-12-31 0001137883 us-gaap:WarrantMember 2010-01-01 2010-12-31 0001137883 us-gaap:MaximumMember us-gaap:WarrantMember 2010-01-01 2010-12-31 0001137883 us-gaap:MinimumMember us-gaap:WarrantMember 2010-01-01 2010-12-31 0001137883 us-gaap:MinimumMember bcli:WarrantIssuedOneMember 2010-01-01 2010-12-31 0001137883 us-gaap:MaximumMember bcli:WarrantIssuedOneMember 2010-01-01 2010-12-31 0001137883 2010-12-31 0001137883 us-gaap:CommonStockMember 2010-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2010-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2010-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2010-12-31 0001137883 bcli:EldadMelamedAndDanielOffenConsultantsMember 2010-12-31 0001137883 bcli:DirectorOneMember 2010-12-01 2010-12-31 0001137883 bcli:ServiceProviderMember 2010-12-01 2010-12-31 0001137883 bcli:ScientificBoardMember 2010-12-01 2010-12-31 0001137883 us-gaap:DirectorMember 2010-12-01 2010-12-31 0001137883 bcli:ConsultantsMember 2010-12-01 2010-12-31 0001137883 2011-01-31 0001137883 2011-01-01 2011-01-31 0001137883 bcli:FormerChiefExecutiveOfficerMember 2011-01-01 2011-01-31 0001137883 us-gaap:PrivatePlacementMember bcli:InvestmentAgreementMember 2011-02-23 0001137883 2011-02-01 2011-02-28 0001137883 us-gaap:PrivatePlacementMember 2011-02-01 2011-02-28 0001137883 us-gaap:PrivatePlacementMember bcli:InvestmentAgreementMember 2011-02-01 2011-02-28 0001137883 bcli:LegalAdvisorMember 2011-02-01 2011-02-28 0001137883 us-gaap:PrivatePlacementMember bcli:WarrantIssuedOneMember bcli:InvestmentAgreementMember 2011-02-01 2011-02-28 0001137883 us-gaap:PrivatePlacementMember bcli:WarrantIssuedTwoMember bcli:InvestmentAgreementMember 2011-02-01 2011-02-28 0001137883 us-gaap:PrivatePlacementMember us-gaap:CommonStockMember 2011-02-01 2011-02-28 0001137883 us-gaap:PrivatePlacementMember us-gaap:CashMember 2011-02-01 2011-02-28 0001137883 us-gaap:PrivatePlacementMember bcli:RelatedPartyMember 2011-01-01 2011-03-31 0001137883 2011-03-31 0001137883 us-gaap:PrivatePlacementMember us-gaap:CommonStockMember 2011-03-01 2011-03-31 0001137883 us-gaap:PrivatePlacementMember us-gaap:CashMember 2011-03-01 2011-03-31 0001137883 2011-06-30 0001137883 bcli:DirectorOneMember 2011-06-01 2011-06-30 0001137883 us-gaap:ChiefExecutiveOfficerMember 2011-06-01 2011-06-30 0001137883 us-gaap:DirectorMember us-gaap:RestrictedStockMember 2011-06-01 2011-06-30 0001137883 bcli:ServiceProviderMember 2011-06-01 2011-06-30 0001137883 bcli:LegalAdvisorMember 2011-06-01 2011-06-30 0001137883 bcli:MrIsraeliMember 2011-06-01 2011-06-30 0001137883 bcli:HadasitMember 2011-06-01 2011-06-30 0001137883 us-gaap:DirectorMember 2011-06-01 2011-06-30 0001137883 bcli:ConsultantsMember 2011-06-01 2011-06-30 0001137883 bcli:FormerChiefExecutiveOfficerMember 2011-07-25 0001137883 bcli:FormerChiefExecutiveOfficerMember 2011-07-01 2011-07-31 0001137883 us-gaap:ChiefExecutiveOfficerMember 2011-08-01 2011-08-31 0001137883 bcli:MrSchorMember us-gaap:RestrictedStockMember 2011-08-01 2011-08-31 0001137883 bcli:ScientificBoardMember us-gaap:RestrictedStockMember 2011-08-01 2011-08-31 0001137883 bcli:MrSchorMember 2011-08-01 2011-08-31 0001137883 bcli:ScientificAdvisoryBoardMember 2011-11-01 2011-11-30 0001137883 bcli:FormerDirectorMember 2011-11-01 2011-11-30 0001137883 bcli:ScientificAdvisoryBoardOneMember 2011-11-01 2011-11-30 0001137883 bcli:ScientificAdvisoryBoardTwoMember 2011-11-01 2011-11-30 0001137883 bcli:ScientificAdvisoryBoardThreeMember 2011-11-01 2011-11-30 0001137883 bcli:ScientificAdvisoryBoardFourMember 2011-11-01 2011-11-30 0001137883 bcli:BoardMember us-gaap:RestrictedStockMember 2011-11-01 2011-11-30 0001137883 bcli:FormerDirectorMember us-gaap:RestrictedStockMember 2011-11-01 2011-11-30 0001137883 2011-01-01 2011-12-31 0001137883 bcli:GlobalShareOptionPlan2004AndUSStockOptionAndIncentivePlan2005Member 2011-01-01 2011-12-31 0001137883 bcli:RelatedPartyMember 2011-01-01 2011-12-31 0001137883 us-gaap:GeneralAndAdministrativeExpenseMember 2011-01-01 2011-12-31 0001137883 bcli:HadasitMember us-gaap:RestrictedStockMember 2011-01-01 2011-12-31 0001137883 bcli:HadasitMedicalResearchServicesAndDevelopmentLtdClinicalAgreementRevisedMember 2011-01-01 2011-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2011-01-01 2011-12-31 0001137883 bcli:ProfDanielOffenConsultantMember 2011-01-01 2011-12-31 0001137883 us-gaap:CommonStockMember 2011-01-01 2011-12-31 0001137883 us-gaap:ResearchAndDevelopmentExpenseMember 2011-01-01 2011-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2011-01-01 2011-12-31 0001137883 bcli:TotalStockBasedCompensationMember 2011-01-01 2011-12-31 0001137883 bcli:PreferredAreaMember 2011-01-01 2011-12-31 0001137883 us-gaap:MaximumMember 2011-01-01 2011-12-31 0001137883 us-gaap:MinimumMember 2011-01-01 2011-12-31 0001137883 bcli:InterestExpensesMember 2011-01-01 2011-12-31 0001137883 bcli:OtherThanPreferredAreaMember 2011-01-01 2011-12-31 0001137883 bcli:FacilitiesMember 2011-01-01 2011-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2011-01-01 2011-12-31 0001137883 2011-12-31 0001137883 us-gaap:CommonStockMember 2011-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2011-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2011-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2011-12-31 0001137883 bcli:ProfDanielOffenConsultantMember 2011-12-31 0001137883 us-gaap:OfficeEquipmentMember 2011-12-31 0001137883 us-gaap:LandImprovementsMember 2011-12-31 0001137883 us-gaap:ComputerEquipmentMember 2011-12-31 0001137883 bcli:LaboratoryEquipmentMember 2011-12-31 0001137883 bcli:FormerChiefExecutiveOfficerMember 2012-04-01 2012-04-30 0001137883 bcli:MrIsraeliMember 2012-04-01 2012-04-30 0001137883 bcli:HadasitMember 2012-04-01 2012-04-30 0001137883 2012-06-30 0001137883 bcli:PublicOfferingMember us-gaap:CommonStockMember 2012-07-31 0001137883 2012-07-01 2012-07-31 0001137883 bcli:PrivateInvestorsMember 2012-07-01 2012-07-31 0001137883 bcli:PublicOfferingMember us-gaap:CommonStockMember 2012-07-01 2012-07-31 0001137883 us-gaap:ManagementMember 2012-08-01 2012-08-31 0001137883 bcli:BreachOfContractMember 2012-10-24 0001137883 2012-01-01 2012-12-31 0001137883 us-gaap:SubsequentEventMember us-gaap:ChiefExecutiveOfficerMember 2012-01-01 2012-12-31 0001137883 bcli:HadasitMember 2012-01-01 2012-12-31 0001137883 us-gaap:MinimumMember bcli:IssuanceDateNovDec2004Member 2012-01-01 2012-12-31 0001137883 bcli:ConsultantsMember 2012-01-01 2012-12-31 0001137883 bcli:GlobalShareOptionPlan2004AndUSStockOptionAndIncentivePlan2005Member 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateFeb2010TwoMember 2012-01-01 2012-12-31 0001137883 bcli:ExercisePrice0067Member 2012-01-01 2012-12-31 0001137883 us-gaap:GeneralAndAdministrativeExpenseMember 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateMar2007Member 2012-01-01 2012-12-31 0001137883 us-gaap:ManagementMember 2012-01-01 2012-12-31 0001137883 bcli:ExercisePrice015Member 2012-01-01 2012-12-31 0001137883 us-gaap:LandImprovementsMember 2012-01-01 2012-12-31 0001137883 us-gaap:MinimumMember bcli:IssuanceDateFebDec2005Member 2012-01-01 2012-12-31 0001137883 us-gaap:MinimumMember bcli:IssuanceDateAprOct2009Member 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateFeb2011TwoMember 2012-01-01 2012-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateApr2010Member 2012-01-01 2012-12-31 0001137883 us-gaap:SubsequentEventMember bcli:PrivateInvestorMember 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateNovDec2004Member 2012-01-01 2012-12-31 0001137883 bcli:ExercisePrice032Member 2012-01-01 2012-12-31 0001137883 bcli:ExercisePrice026Member 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateJuly2012OneMember 2012-01-01 2012-12-31 0001137883 bcli:ProfDanielOffenConsultantMember 2012-01-01 2012-12-31 0001137883 us-gaap:CommonStockMember 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateFebDec2006Member 2012-01-01 2012-12-31 0001137883 us-gaap:ChiefExecutiveOfficerMember 2012-01-01 2012-12-31 0001137883 us-gaap:SubsequentEventMember bcli:ChiefExecutiveOfficerOneMember 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateJuly2012TwoMember 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateFeb2010Member 2012-01-01 2012-12-31 0001137883 us-gaap:MinimumMember bcli:IssuanceDateApr2008Member 2012-01-01 2012-12-31 0001137883 us-gaap:ComputerEquipmentMember 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateJan2010Member 2012-01-01 2012-12-31 0001137883 us-gaap:ResearchAndDevelopmentExpenseMember 2012-01-01 2012-12-31 0001137883 us-gaap:MaximumMember bcli:IssuanceDateAprOct2009Member 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateFebDec2005Member 2012-01-01 2012-12-31 0001137883 bcli:ExercisePrice02Member 2012-01-01 2012-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2012-01-01 2012-12-31 0001137883 us-gaap:MaximumMember bcli:IssuanceDateMar2007Member 2012-01-01 2012-12-31 0001137883 bcli:TotalStockBasedCompensationMember 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateApr2011Member 2012-01-01 2012-12-31 0001137883 us-gaap:MinimumMember bcli:IssuanceDateMar2007Member 2012-01-01 2012-12-31 0001137883 bcli:LeaseAgreementMember 2012-01-01 2012-12-31 0001137883 bcli:ExercisePrice04Member 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateFeb2010OneMember 2012-01-01 2012-12-31 0001137883 us-gaap:MaximumMember bcli:IssuanceDateNovDec2004Member 2012-01-01 2012-12-31 0001137883 us-gaap:SubsequentEventMember us-gaap:InvestorMember 2012-01-01 2012-12-31 0001137883 bcli:ConsultantsMember 2012-01-01 2012-12-31 0001137883 us-gaap:MinimumMember bcli:IssuanceDateFebDec2006Member 2012-01-01 2012-12-31 0001137883 bcli:LaboratoryEquipmentMember 2012-01-01 2012-12-31 0001137883 us-gaap:SubsequentEventMember bcli:ConsultantMember 2012-01-01 2012-12-31 0001137883 bcli:ExercisePrice075Member 2012-01-01 2012-12-31 0001137883 bcli:ExercisePrice039Member 2012-01-01 2012-12-31 0001137883 bcli:InterestExpensesMember 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateJan2011Member 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateFeb2011OneMember 2012-01-01 2012-12-31 0001137883 bcli:IsraelCountryMember 2012-01-01 2012-12-31 0001137883 bcli:ExercisePrice018Member 2012-01-01 2012-12-31 0001137883 us-gaap:MaximumMember bcli:IssuanceDateFebDec2005Member 2012-01-01 2012-12-31 0001137883 bcli:ExercisePrice000005Member 2012-01-01 2012-12-31 0001137883 us-gaap:OfficeEquipmentMember 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateApr2008Member 2012-01-01 2012-12-31 0001137883 bcli:FacilitiesMember 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateAprOct2009Member 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateJuly2012Member 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateApril2012Member 2012-01-01 2012-12-31 0001137883 bcli:ExercisePrice047Member 2012-01-01 2012-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2012-01-01 2012-12-31 0001137883 us-gaap:MaximumMember bcli:IssuanceDateFebDec2006Member 2012-01-01 2012-12-31 0001137883 us-gaap:MaximumMember bcli:IssuanceDateApr2008Member 2012-01-01 2012-12-31 0001137883 bcli:IssuanceDateFeb2011Member 2012-01-01 2012-12-31 0001137883 bcli:IsraelCountryMember us-gaap:SubsequentEventMember 2012-01-01 2012-12-31 0001137883 2012-12-31 0001137883 bcli:ConsultantsMember 2012-12-31 0001137883 bcli:IssuanceDateFeb2010TwoMember 2012-12-31 0001137883 bcli:ExercisePrice0067Member 2012-12-31 0001137883 bcli:IssuanceDateMar2007Member 2012-12-31 0001137883 bcli:ExercisePrice015Member 2012-12-31 0001137883 bcli:IssuanceDateFeb2011TwoMember 2012-12-31 0001137883 us-gaap:DeferredCompensationShareBasedPaymentsMember 2012-12-31 0001137883 bcli:IssuanceDateApr2010Member 2012-12-31 0001137883 bcli:IssuanceDateNovDec2004Member 2012-12-31 0001137883 bcli:ExercisePrice032Member 2012-12-31 0001137883 us-gaap:ComputerEquipmentMember 2012-12-31 0001137883 bcli:ExercisePrice026Member 2012-12-31 0001137883 bcli:IssuanceDateJuly2012OneMember 2012-12-31 0001137883 us-gaap:CommonStockMember 2012-12-31 0001137883 bcli:IssuanceDateFebDec2006Member 2012-12-31 0001137883 bcli:IssuanceDateJuly2012TwoMember 2012-12-31 0001137883 bcli:IssuanceDateFeb2010Member 2012-12-31 0001137883 us-gaap:OfficeEquipmentMember 2012-12-31 0001137883 bcli:IssuanceDateJan2010Member 2012-12-31 0001137883 bcli:FacilitiesMember 2012-12-31 0001137883 bcli:LaboratoryEquipmentMember 2012-12-31 0001137883 bcli:BreachOfContractMember 2012-12-31 0001137883 bcli:IssuanceDateFebDec2005Member 2012-12-31 0001137883 bcli:ExercisePrice02Member 2012-12-31 0001137883 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2012-12-31 0001137883 bcli:IssuanceDateApr2011Member 2012-12-31 0001137883 us-gaap:LandImprovementsMember 2012-12-31 0001137883 bcli:ExercisePrice04Member 2012-12-31 0001137883 bcli:IssuanceDateFeb2010OneMember 2012-12-31 0001137883 bcli:ExercisePrice075Member 2012-12-31 0001137883 bcli:ExercisePrice039Member 2012-12-31 0001137883 bcli:IssuanceDateJan2011Member 2012-12-31 0001137883 bcli:IssuanceDateFeb2011OneMember 2012-12-31 0001137883 bcli:IsraelCountryMember 2012-12-31 0001137883 bcli:ExercisePrice018Member 2012-12-31 0001137883 bcli:ExercisePrice000005Member 2012-12-31 0001137883 bcli:IssuanceDateApr2008Member 2012-12-31 0001137883 bcli:IssuanceDateAprOct2009Member 2012-12-31 0001137883 bcli:IssuanceDateJuly2012Member 2012-12-31 0001137883 bcli:IssuanceDateApril2012Member 2012-12-31 0001137883 bcli:ExercisePrice047Member 2012-12-31 0001137883 us-gaap:AdditionalPaidInCapitalMember 2012-12-31 0001137883 us-gaap:VehiclesMember 2012-12-31 0001137883 bcli:IssuanceDateFeb2011Member 2012-12-31 0001137883 2000-09-23 2012-12-31 0001137883 us-gaap:GeneralAndAdministrativeExpenseMember 2000-09-23 2012-12-31 0001137883 bcli:TotalStockBasedCompensationMember 2000-09-23 2012-12-31 0001137883 us-gaap:ResearchAndDevelopmentExpenseMember 2000-09-23 2012-12-31 0001137883 bcli:InterestExpensesMember 2000-09-23 2012-12-31 0001137883 bcli:BreachOfContractMember 2012-10-25 2012-12-31 xbrli:shares iso4217:USD iso4217:USDxbrli:shares xbrli:pure iso4217:ILS BRAINSTORM CELL THERAPEUTICS INC. 0001137883 --12-31 Smaller Reporting Company bcli 151260480 10-K false 2012-12-31 FY 2012 No No Yes 26708644 0 0 0 1000 93000 3664000 2899000 1923000 843000 1317000 312000 742000 69000 46000 2304000 4874000 17000 17000 109000 172000 126000 189000 314000 247000 2744000 5310000 244000 358000 750000 605000 141000 176000 1135000 1139000 121000 189000 1256000 1328000 6000 7000 45560000 51483000 44078000 47508000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68000 1000 84000 0 -17000 53000 1000 95000 0 -43000 21000 1000 110000 0 -90000 -31000 1000 131000 0 -163000 704000 1000 25101000 -5395000 -19003000 -7911000 1000 15803000 -1395000 -22320000 -1816000 1000 24427000 0 -26244000 -2428000 2000 30058000 0 -32488000 -2076000 3000 33881000 0 -35960000 -1743000 4000 35994000 0 -37741000 -459000 5000 36696000 0 -40160000 1488000 6000 45560000 0 -44078000 3982000 0 7000 -47508000 51483000 2744000 5310000 0 2769000 0.00005 0.00005 0.00005 800000000 800000000 10238000 126444309 150085035 10238000 126444309 150085035 220000 1689000 192000 1770000 162000 26189000 2205000 1748000 18751000 3894000 3518000 44940000 151000 -93000 2454000 132000 0 132000 -3913000 -3425000 -47262000 5000 5000 82000 -3918000 -3430000 -47344000 0 0 -164000 -17000 0 0 0 -17000 -26000 0 0 0 -26000 -47000 0 0 0 -47000 -73000 0 0 0 -73000 -18840000 0 0 0 -18840000 -3317000 0 0 0 -3317000 -3924000 0 0 0 -3924000 -6244000 0 0 0 -6244000 -3472000 0 0 0 -3472000 -1781000 0 0 0 -1781000 -2419000 -2419000 -3918000 0 0 -3918000 0 -3430000 -3430000 -47508000 -0.03 -0.02 120117724 137596391 0 10100000 10100000 10100000 10238000 20867808 22854587 24201812 41004409 55241418 76309152 95832978 126444309 150085035 17506000 0 17506000 0 0 662000 0 662000 0 0 453000 0 453000 0 0 1446000 1446000 0 0 33000 0 33000 0 0 775000 0 775000 0 96000 0 96000 0 0 449000 0 0 0 449000 195000 0 0 195000 2025000 934904 1147225 544095 90000 5284284 443333 474203 794423 0 0 5979000 -5979000 0 0 0 486000 -486000 0 1168000 0 1168000 0 0 1232000 0 1232000 0 0 731000 0 731000 0 0 409000 0 409000 0 388000 0 388000 0 0 1135000 0 0 0 1135000 560000 0 0 560000 200000 200000 200000 466667 2025040 885000 135000 0 135000 0 0 140000 0 0 0 140000 402385 755594 3000 0 3000 0 0 77000 0 77000 0 0 137000 243000 0 0 0 243000 0 0 137000 0 8000 137000 17399 1540885 946834 1648728 -1182606 0 0 0 0 14396010 0 1182606 727696 1182606 0 125000 0 173000 0 0 959729 0 946834 0 100000 0 0 0 214000 0 214000 0 0 0 0 0 0 0 0 0 0 0 11000 0 11000 0 0 272000 0 0 0 272000 9000 0 0 0 9000 3832621 1860000 3366783 3929446 1046834 959729 3602000 0 1000 0 3601000 5023000 1000 5022000 14160933 19818968 0 0 0 0 0 24000 0 0 0 24000 2000001 10499999 17000 1000 16000 0 0 8500000 60000 0 60000 0 0 1600000 0 0 0 0 0 10100000 6000 0 6000 0 0 100000 0 0 0 0 0 0 0 0 0 10062000 1800000 60000 0 60000 0 0 8510000 8000 0 8000 0 0 11000 0 11000 0 0 15000 0 15000 0 0 15000 0 15000 0 0 7000 0 7000 0 0 1418000 0 1418000 0 0 2000000 1000 1999000 0 0 1500000 1000 1499000 0 0 1000 1000 0 0 1751000 1000 1750000 0 0 1894808 11500000 8625000 9916667 7250000 584000 0 0 584000 0 1174000 0 51000 1123000 0 149000 0 149000 0 0 186875 99000 0 99000 0 0 165000 225000 0 225000 0 0 312500 135000 0 135000 0 0 187500 0 0 -3363000 3363000 0 -7906000 0 -7906000 7191000 0 7191000 0 0 164000 0 164000 0 0 1086000 0 1086000 0 0 407000 0 407000 0 0 0 0 -1395000 1395000 0 11000 0 11000 0 0 109000 0 109000 0 0 110000 0 110000 0 0 224000 0 224000 0 0 1276000 0 1276000 0 0 200000 0 200000 0 189000 0 189000 0 0 725881 3644610 2500000 1016109 5000000 400000 400000 5700000 150000 40000 8861875 100000 400000 100000 100000 100000 100000 8861875 400000 41666667 960000 6000000 2000000 2000000 2000000 100000 800000 2475000 300000 400000 1100000 833333 12815000 1250000 476666 923374 300000 500000 250000 1250000 19818968 833334 126111 201000 201000 200000 281000 0 281000 0 0 729000 0 729000 0 455000 455000 0 0 0.00188 0.0375 0.065 0.01 25000 0.75 0.1818 0.1818 0.80 0.60 0.80 0.80 0.1818 0.12 153000 157000 1158000 -23000 5000 17000 3000 0 451000 0 0 1864000 0 0 795000 449000 195000 21681000 1135000 560000 7381000 -105000 407000 788000 -63000 114000 831000 -64000 -110000 1287000 0 0 6000 -2223000 -2916000 -14263000 36000 0 0 -23000 -2223000 -2916000 -14286000 48000 90000 1223000 0 0 -6000 -16000 0 -17000 -64000 -2859000 -4003000 16000 0 0 -16000 -64000 -2859000 -4019000 1418000 225000 308000 135000 250000 1500000 500000 500000 500000 250000 3602000 4900000 5023000 17342000 0 2061000 0 0 0 515000 146000 777000 0 0 601000 4117000 5169000 19579000 57000 0 0 43000 4117000 5169000 19622000 1830000 -606000 1317000 140000 0 -24000 0 0 0 0 2769000 2769000 84000 <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">NOTE 1 - GENERAL:</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">A.</font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Brainstorm Cell Therapeutics Inc. (formerly: Golden Hand Resources Inc. - the "Company") was incorporated in the State of Washington on September 22, 2000.</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">B.</font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On May 21, 2004, the former major stockholders of the Company entered into a purchase agreement with a group of private investors, who purchased from the former major stockholders 6,880,000 shares of the then issued and outstanding 10,238,000 shares of Common Stock.</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times"><b>C.</b></font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On July 8, 2004, the Company entered into a licensing agreement with Ramot of Tel Aviv University Ltd. ("Ramot"), to acquire certain stem cell technology (see Note 3). Subsequent to this agreement, the Company decided to focus on the development of novel cell therapies for neurodegenerative diseases based on the acquired technology and research to be conducted and funded by the Company.</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-decoration: none;"><font style="font-style: normal; font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></td> <td style="text-align: justify; text-decoration: none;"><font style="font-style: normal; font-weight: normal;; font-family:times new roman,times" size="2">Following the licensing agreement dated July 8, 2004, the management of the Company decided to abandon all old activities related to the sale of the digital data recorder product. The discontinuation of this activity was accounted for under the provision of Statement of Financial Accounting Standard ASC 360-10, "Accounting for the Impairment or Disposal of Long-Lived Assets".</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 84.45pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">D.</font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On October 25, 2004, the Company formed a wholly-owned subsidiary in Israel, Brainstorm Cell Therapeutics Ltd. ("BCT").</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times"><b>E.</b></font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On November 22, 2004, the Company changed its name from Golden Hand Resources Inc. to Brainstorm Cell Therapeutics Inc. to better reflect its new line of business in the development of novel cell therapies for neurodegenerative diseases. BCT, as defined above, owns all operational property and equipment.</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">The Common Stock is registered and publicly traded on the OTC Markets Group service of the National Association of Securities Dealers, Inc. under the symbol BCLI.</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 85.05pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;<font style="font-weight: normal;">&#160;</font></font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">F.</font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On September 17, 2006, the Company changed the Company's fiscal year-end from March 31 to December 31. </font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">G.</font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In December 2006, the Company changed its state of incorporation from Washington to Delaware. </font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">H.</font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Since its inception, the Company has devoted substantially all of its efforts to research and development, recruiting management and technical staff, acquiring assets and raising capital. In addition, the Company has not generated revenues. Accordingly, the Company is considered to be in the development stage, as defined in Statement of Financial Accounting Standards No. 7, "Accounting and reporting by development Stage Enterprises" ASC 915-10.</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>I.</b></font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times"><font style="font: 10pt times new roman, times, serif;">In October 2010, the Israeli Ministry of Health (&#8220;MOH&#8221;) granted clearance for a Phase I/II clinical trial using the Company&#8217;s autologous NurOwn stem cell therapy in patients with </font>amyotrophic lateral sclerosis (&#8220;<font style="font: 10pt times new roman, times, serif;">ALS&#8221;), subject to some additional process specifications as well as completion of the sterility validation study for tests performed. </font></font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">On February 23, 2011, the Company submitted, to the MOH, all the required documents. Following approval of the MOH, a Phase I/II clinical study for ALS patients using the Company&#8217;s autologous NurOwn stem cell therapy (the &#8220;Clinical Trial&#8221;) was initiated in June 2011. </font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times"><b>J. </b></font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times"><b></b>In February 2011, the U.S. Food and Drug Administration (&#8220;FDA&#8221;) granted orphan drug designation to the Company&#8217;s NurOwn autologous adult stem cell product for the treatment of ALS.</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: left; margin: 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>GOING CONCERN:</b></font></p> <p style="text-align: left; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">As reflected in the accompanying financial statements, the Company&#8217;s operations for the year ended December 31, 2012, resulted in a net loss of $3,430. The Company&#8217;s balance sheet reflects an accumulated deficit of $47,508. These conditions, together with the fact that the Company is a development stage Company and has no revenues nor are revenues expected in the near future, raise substantial doubt about the Company's ability to continue to operate as a going concern. The Company&#8217;s ability to continue operating as a &#8220;going concern&#8221; is dependent on several factors, among them is its ability to raise sufficient additional working capital.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In 2009, the Company decided to focus only on the effort to commence clinical trials for ALS and such trials did commence in 2011.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In July 2012, the Company raised $4.9 million, net, in a public offering (See Note 8B (i)). However, there can be no assurance that additional funds will be available on terms acceptable to the Company, or at all.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">These financial statements do not include any adjustments relating to the recoverability and classification of assets, carrying amounts or the amount and classification of liabilities that may be required should the Company be unable to continue as a going concern.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES</font></p> <p style="text-align: justify; text-indent: -56.7pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">A.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Basis of presentation:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The consolidated financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (&#8220;GAAP&#8221;) applied on a consistent basis.</font></p> <p style="text-align: justify; text-indent: -27.75pt; margin: 0pt 0px 0pt 112.8pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">B.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Use of estimates:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">C.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Financial statement in U.S. dollars:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The functional currency of the Company is the U.S dollar ("dollar") since the dollar is the currency of the primary economic environment in which the Company has operated and expects to continue to operate in the foreseeable future. Part of the transactions of BCT are recorded in new Israeli shekels ("NIS"); however, a substantial portion of BCT&#8217;s costs are incurred in dollars or linked to the dollar. Accordingly, management has designated the dollar as the currency of BCT&#8217;s primary economic environment and thus it is their functional and reporting currency.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Transactions and balances denominated in dollars are presented at their original amounts. Non-dollar transactions and balances have been re-measured to dollars in accordance with the provisions of ASC 830-10, "Foreign Currency Translation". All transaction gains and losses from re-measurement of monetary balance sheet items denominated in non-dollar currencies are reflected in the statement of operations as financial income or expenses, as appropriate.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">D.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Principles of consolidation:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: bold 10pt times new roman, times, serif;"><font style="font-size: 10pt; font-weight: normal;; font-family:times new roman,times" size="2">The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, BCT. Intercompany balances and transactions have been eliminated upon consolidation.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">E.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Cash and cash equivalents:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Cash equivalents are short-term highly liquid investments that are readily convertible to cash with maturities of three months or less as of the date acquired.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">F.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Property and equipment:</font></td> </tr> </table> <p style="text-align: justify; margin: 0pt 85.05pt 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Property and equipment are stated at cost, less accumulated depreciation. Depreciation is calculated by the straight-line method over the estimated useful lives of the assets.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="font-weight: normal;">The annual depreciation rates are as follows:</font>&#160;</font></p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"></p> <table align="right" style="width: 90%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="background-color: #ccffcc; vertical-align: top;"> <td style="text-indent: 0.125in; padding-left: 0.125in; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">%</font></td> </tr> <tr style="background-color: white; vertical-align: top;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: top;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Office furniture and equipment</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">7</font></td> </tr> <tr style="background-color: white; vertical-align: top;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Computer software and electronic equipment</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">33</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: top;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Laboratory equipment</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">15</font></td> </tr> <tr style="background-color: white; vertical-align: top;"> <td><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Leasehold improvements</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">Over the shorter of the lease term (including the option) or useful life</font></td> </tr> </table> <div>&#160;</div> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="font-weight: normal;"></font>&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"></p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">G.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Impairment of long-lived assets:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The Company&#8217;s and BCT&#8217;s long-lived assets are reviewed for impairment in accordance with ASC 360-10, "Accounting for the Impairment or Disposal of Long-Lived Assets,&#8221; whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds their fair value. During 2012 and 2011, no impairment losses were identified.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">H.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Severance pay:</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The liability of BCT for severance pay is calculated pursuant to the Severance Pay Law in Israel, based on the most recent salary of the employees multiplied by the number of years of employment as of the balance sheet date and is presented on an undiscounted basis.</font></p> <p style="text-align: justify; text-indent: -56.7pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">BCT&#8217;s employees are entitled to one month's salary for each year of employment or a portion thereof. BCT&#8217;s liability for all of its employees is fully provided by monthly deposits with insurance policies and by an accrual. The value of these policies is recorded as an asset in the Company's balance sheet.</font></p> <p style="text-align: justify; text-indent: -56.7pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to Severance Pay Law in Israel or labor agreements. The value of the deposited funds is based on the cash surrendered value of these policies.</font></p> <p style="text-align: justify; text-indent: -56.7pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2"></font>&#160;</p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times"><b>I.</b></font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times"><b>Fair value of financial instruments:</b></font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="font-size: 10pt; font-weight: normal;">The carrying values of cash and cash equivalents,</font> <font style="font-weight: normal;">deposits</font>,<font style="font-size: 10pt; font-weight: normal;"> accounts receivable and prepaid expenses, trade payables and other accounts payable approximate their fair value due to the short-term maturity of these instruments.</font></font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">J.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Accounting for stock-based compensation:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="font-size: 10pt; font-weight: normal;">The Company </font>applies<font style="font-size: 10pt;"> ASC 718-10, "Share-Based Payment,&#8221; which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors including employee stock options under the Company's stock plans based on estimated fair values. </font></font></p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">ASC 718-10 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as expense over the requisite service periods in the Company's consolidated statement of operations.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The Company recognizes compensation expense for the value of non-employee awards, which have graded vesting, based on the accelerated attribution method over the requisite service period of each award, net of estimated forfeitures.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The Company recognizes compensation expense for the value of employee awards that have graded vesting, based on the straight-line method over the requisite service period of each of the awards, net of estimated forfeitures.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The Company estimates the fair value of restricted shares based on the market price of the shares at the grant date and estimates the fair value of stock options granted using a Black-Scholes options pricing model. The option-pricing model requires a number of assumptions, of which the most significant are, expected stock price volatility and the expected option term (the time from the grant date until the options are exercised or expire). Expected volatility was calculated based upon actual historical stock price movements over the period, equal to the expected option term. The expected option term was calculated for options granted to employees and directors in accordance with SAB 107 and SAB 110, using the "simplified" method. Grants to non-employees are based on the contractual term. The Company has historically not paid dividends and has no foreseeable plans to issue dividends. The risk-free interest rate is based on the yield from U.S. Treasury zero-coupon bonds with an equivalent term. </font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">K.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Basic and diluted net loss per share:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Basic net loss per share is computed based on the weighted average number of shares outstanding during each year. Diluted net loss per share is computed based on the weighted average number of shares outstanding during each year, plus the dilutive potential of the Common Stock considered outstanding during the year, in accordance with ASC 260-10, "Earnings per Share".</font></p> <p style="text-align: justify; text-indent: -56.7pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">All outstanding stock options and warrants have been excluded from the calculation of the diluted loss per share for the year ended December 31, 2012 and December 31, 2011, since all such securities have an anti-dilutive effect.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">L.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Research and development expenses, net:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Research and development expenses, are charged to the statement of operations as incurred.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Royalty-bearing grants from the Government of Israel for funding approved research and development projects are recognized at the time the Company is entitled to such grants, on the basis of the costs incurred and applied as a deduction from research and development expenses. <font style="color: black;">Such grants are included as a deduction of research and development costs since at the time received it is not probable the Company will generate sales from these projects and pay the royalties resulting from such sales.</font></font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="text-align: left; width: 28.35pt;"><font size="2" style="font-family:times new roman,times"><b>M</b>.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times"><b>Income taxes:</b></font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The Company and BCT accounts for income taxes utilizing the asset and liability method in accordance with ASC 740, &#8220;Income Taxes&#8221;. Current tax liabilities are recognized for the estimated taxes payable on tax returns for the current year. Deferred tax liabilities or assets are recognized for the estimated future tax effects attributable to temporary differences between the income tax bases of assets and liabilities and their reported amounts in the financial statements, and for tax loss carry forwards. Measurement of current and deferred tax liabilities and assets is based on provisions of enacted tax laws, and deferred tax assets are reduced, if necessary, by the amount of tax benefits, the realization of which is not considered more likely than not based on available evidence.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">ASC 740-10 requires a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount which is more than 50% likely of being realized upon ultimate settlement.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">NOTE 3 - RESEARCH AND LICENSE AGREEMENT</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The Company has a Research and License Agreement, as amended and restated, with Ramot. The Company obtained a waiver and release from Ramot pursuant to which Ramot agreed to an amended payment schedule regarding the Company's payment obligations under the Research and License Agreement and waived all claims against the Company resulting from the Company's previous defaults and non-payment under the Research and License Agreement. The waiver and release amended and restated the original payment schedule under the original agreement providing for payments during the initial research period and additional payments for any extended research period.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">As of December 24, 2009, the Company had paid to Ramot $400 but did not make payments totaling $240 for the initial research period and payments totaling $380 for the extended research period. </font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On December 24, 2009, the Company and Ramot entered into a settlement agreement which amended the Research and License Agreement, as amended and restated pursuant to which, among other things, the following matters were agreed upon:</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">A.</font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Ramot released the Company from its obligation to fund the extended research period in the total amount of $1,140. Therefore, the Company reversed an amount in 2009, equal to $760, from it research and development expenses that were previously expensed.</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="font-weight: normal;">&#160;</font>&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">B.</font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Past due amounts of $240 for the initial research period plus interest of $32 owed by the Company to Ramot was converted into 1,120,000 shares of common stock on December 30, 2009. Ramot was required to deposit the shares with a broker and only sell the shares in the open market after 185 days from the issuance date.</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">C.</font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In the event that the total proceeds generated by sales of the shares on December 31, 2010, together with the March 31, 2010 payment, were less than $240 on or prior to December 31, 2010, then on such date the Company would pay to Ramot the difference between the proceeds that Ramot has received from sales of the shares up to such date together with the September Payment (if any) that has been transferred to Ramot up to such date, and $240. Related compensation in the amount of $51 was recorded as research and development expenses.</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In January 2011, Ramot sold an additional 167,530 shares of Common Stock of the Company, for $35, which finalized the sale of the 1,120,000 Common Stock of the Company granted to Ramot for $235. In February 2011, the Company paid the remaining $5 and finalized the balance due to Ramot according to the settlement agreement between the parties dated December 24, 2009.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">NOTE 4 - CONSULTING AGREEMENTS</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font style="font-family: times new roman,times;" size="2">A.</font></td> <td style="text-align: justify;"><font style="font-weight: normal; ; font-family: times new roman,times;" size="2">On July 8, 2004, the Company entered into two consulting agreements with Prof. Eldad Melamed and Dr. Daniel Offen (together, the "Consultants"), under which the Consultants provide the Company scientific and medical consulting services in consideration for a monthly payment of $6 each. In addition, the Company granted each of the Consultants, a fully vested warrant to purchase 1,097,215 shares of Common Stock at an exercise price of $0.01 per share. The warrants issued pursuant to the agreement were issued to the Consultants effective as of November 4, 2004. Each of the warrants is exercisable for a seven-year period beginning on November 4, 2005. As of September 2010, all the above warrants had been exercised. In June 2012 an amendment was signed with Dr. Daniel Offen, according to which the company pays Daniel Offen a monthly payment of $6, out of which $3 in cash and $3 by grant of Company stock.</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="text-align: left; width: 28.35pt;"><font style="font-family: times new roman,times;" size="2">B<font style="font-weight: normal;">.</font></font></td> <td style="text-align: justify;"><font style="font-family: times new roman,times;" size="2"><font style="font-weight: normal;">On December 16, 2010, the Company approved a grant of 1,100,000</font> <font style="font-weight: normal;">shares of the Company's Common Stock to the two Consultants, for services rendered through December 31, 2010. Related compensation in the amount of $220 was recorded as research and development expense. A sum of $487 was cancelled concurrently with the issuance of the 1,100,000 shares of Common Stock of the Company.</font></font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal; ; font-family: times new roman,times;" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="text-align: left; width: 28.35pt;"><font style="font-family: times new roman,times;" size="2">C<font style="font-weight: normal;">.</font></font></td> <td style="text-align: justify;"><font style="font-family: times new roman,times;" size="2"><font style="font-weight: normal;">On June 27, 2011, the Company approved an additional grant of 400,000</font> <font style="font-weight: normal;">shares of the Company's Common Stock to Prof. Daniel Offen, for services rendered through December 31, 2009. Related compensation in the amount of $192 was recorded as research and development expense.</font></font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal; ; font-family: times new roman,times;" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="text-align: left; width: 28.35pt;"><font style="font-family: times new roman,times;" size="2">D<font style="font-weight: normal;">.</font></font></td> <td style="text-align: justify;"><font style="font-family: times new roman,times;" size="2"><font style="font-weight: normal;">On August 1, 2012, the Company approved an additional grant of 623,077</font> <font style="font-weight: normal;">shares of the Company's Common Stock to the Consultants, for services rendered from January 1, 2011 through June 30, 2012. Related compensation in the amount of $162 was recorded as research and development expense.</font></font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: bold 10pt times new roman, times, serif;"><font style="font-family: times new roman,times;" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="text-align: left; width: 28.35pt;"><font style="font-family: times new roman,times;" size="2"><font style="font: 10pt times new roman, times, serif;">E</font>.</font></td> <td style="text-align: justify;"><font style="font: 10pt times new roman, times, serif; ; font-family: times new roman,times;" size="2">As of December 31, 2012, the Company has a total obligation of $57 for services rendered by the Consultants under the above-mentioned agreements.</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal; ; font-family: times new roman,times;" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font style="font-family: times new roman,times;" size="2">F.</font></td> <td style="text-align: justify;"><font style="font-weight: normal; ; font-family: times new roman,times;" size="2">After the balance sheet date, on January 16, 2013, the Company granted the Consultants 216,000 shares of Common Stock each for their services through December 31, 2012 (See Note 12A).</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">NOTE 5 - ACCOUNTS RECEIVABLE</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">U.S. $ in thousands</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; width: 56%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Government institutions</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">108</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">76</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Grants receivable from the CSO</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">634</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">236</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">742</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">312</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">NOTE 6 - PROPERTY AND EQUIPMENT</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">U.S. $ in thousands</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Cost:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.65pt; width: 56%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Office furniture and equipment</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">9</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">9</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Computer software and electronic equipment</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">120</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">106</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Laboratory equipment</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">437</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">361</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Leasehold improvements</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">690</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">690</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,256</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,166</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Accumulated depreciation:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Office furniture and equipment</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">4</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">4</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Computer software and electronic equipment</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">106</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">103</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Laboratory equipment</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">306</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">252</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Leasehold improvements</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">593</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">493</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,009</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">852</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Depreciated cost</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">247</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">314</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Depreciation expenses for the year ended December 31, 2012 and December 31, 2011 were $157, and $153, respectively. </font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;">NOTE 7 - COMMITMENTS AND CONTINGENCIES</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;">&#160;</p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;">A.</td> <td style="text-align: justify;"><font style="font-weight: normal;">In November, 2012, BCT entered into an amended lease agreement for the lease of its facilities. The term of the lease is 60 months, commencing on April 1, 2013, with an option to terminate the agreement with 6 month notice, after 36 months. Rent is paid on a monthly basis in the amount of NIS&#160;35</font>,<font style="font-weight: normal;">000 (approximately $10) per month.</font></td> </tr> </table> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">The facilities and vehicles of the Company and BCT are rented under operating leases that expire on various dates. Aggregate minimum rental commitments under non-cancelable leases as of December 31, 2012 are as follows:</p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"></p> <table style="width: 90%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; font-weight: bold;"><font style="font: 10pt times new roman, times, serif;"><b>Period ending December 31, 2012</b></font></td> <td style="font-weight: bold;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2"><font style="font: 10pt times new roman, times, serif;"><b>Facilities</b></font></td> <td style="font-weight: bold;">&#160;</td> <td style="font-weight: bold;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2"><font style="font: 10pt times new roman, times, serif;"><b>Vehicles</b></font></td> <td style="font-weight: bold;">&#160;</td> <td style="font-weight: bold;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2"><font style="font: 10pt times new roman, times, serif;"><b>Total</b></font></td> <td style="font-weight: bold;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-left: 5.4pt; width: 55%;"><font style="font: 10pt times new roman, times, serif;">2013</font></td> <td style="width: 1%;">&#160;</td> <td style="width: 1%;">&#160;</td> <td style="text-align: right; width: 12%;"><font style="font: 10pt times new roman, times, serif;">119</font></td> <td style="width: 1%;">&#160;</td> <td style="width: 1%;">&#160;</td> <td style="width: 1%;">&#160;</td> <td style="text-align: right; width: 12%;"><font style="font: 10pt times new roman, times, serif;">7</font></td> <td style="width: 1%;">&#160;</td> <td style="width: 1%;">&#160;</td> <td style="width: 1%;">&#160;</td> <td style="text-align: right; width: 12%;"><font style="font: 10pt times new roman, times, serif;">126</font></td> <td style="width: 1%;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-left: 5.4pt;"><font style="font: 10pt times new roman, times, serif;">2014</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;">120</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;">120</font></td> <td>&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-left: 5.4pt;"><font style="font: 10pt times new roman, times, serif;">2015</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;">120</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;">120</font></td> <td>&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-left: 5.4pt;"><font style="font: 10pt times new roman, times, serif;">2016</font></td> <td>&#160;</td> <td style="border-bottom: black 1pt solid;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font: 10pt times new roman, times, serif;">90</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1pt solid;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font: 10pt times new roman, times, serif;">-</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1pt solid;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font: 10pt times new roman, times, serif;">90</font></td> <td>&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-left: 5.4pt;">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double;">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right;"><font style="font: 10pt times new roman, times, serif;">449</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double;">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right;"><font style="font: 10pt times new roman, times, serif;">7</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double;">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right;"><font style="font: 10pt times new roman, times, serif;">456</font></td> <td>&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-left: 5.4pt;">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right;">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right;">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right;">&#160;</td> <td>&#160;</td> </tr> </table> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"></p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">&#160;&#160;</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 78pt; font: 10pt times new roman, times, serif;">Total facilities rent expenses for the year ended December 31, 2012 and 2011 were $106 and $111, respectively.</p> <p style="text-align: left; margin: 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;"></font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;">B.</td> <td style="text-align: justify;"><font style="font-weight: normal;">Commitments to pay royalties to the Chief Scientist</font>: <font style="font-weight: normal;"></font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: bold 10pt times new roman, times, serif;"><font style="font-weight: normal;">BCT obtained from the Chief Scientist of the State of Israel grants for participation in research and development for the years 2007 through 2012, and, in return, BCT is obligated to pay royalties amounting to 3% of its future sales up to the amount of the grant. The grant is linked to the exchange rate of the dollar and bears interest of Libor per annum</font>.</p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: bold 10pt times new roman, times, serif;"><font style="font-weight: normal;">Through December 31, 2012, total grants received amounted to $533</font>.</p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><b>C.</b></td> <td style="text-align: justify;">On February 17, 2010, BCT entered into an agreement with Hadasit Medical Research Services and Development Ltd ("Hadasit") to conduct clinical trials in ALS patients. The agreement was revised in June 2011 according to which, in connection with the trials, BCT will pay Hadasit $32<b> </b>per patient totaling up to $773, as well as $65 per month for rental and operation of two clean rooms. The Company has the right to cease the rental of the clean rooms at any time upon 30 days prior notice.</td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: bold 10pt times new roman, times, serif;">&#160;</p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><b>D.</b></td> <td style="text-align: justify;">In April 2008, Chapman, Spira &amp; Carson, LLC (&#8220;CSC&#8221;) filed a breach of contract complaint in the Supreme Court of the State of New York (the &#8220;Court&#8221;) against the Company. The complaint alleges that the Company improperly terminated its contract with CSC. The complaint seeks, among other things, the following relief: (i) 400,000 shares of the common stock of the Company and (ii) warrants to purchase 250,000 shares of the common stock of the Company at an exercise price of $0.30 per share. Further, the complaint alleges that CSC performed its obligations under the contract and has suffered compensatory damages in an amount up to approximately $672. CSC also seeks costs and attorneys&#8217; fees.</td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">On October 24, 2012, the Company reached an understanding with CSC pursuant to which the Company will pay CSC $125 in full satisfaction of CSC&#8217;s claims against the Company, out of which $80 was paid to CSC and a $45 accrual was included in the financial statements accordingly.</p> <p style="text-align: left; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">NOTE 8 - STOCK CAPITAL</font></p> <p style="text-align: justify; text-indent: -27pt; margin: 0pt 0px 0pt 112.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">A.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">The rights of Common Stock are as follows:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Holders of Common Stock have the right to receive notice to participate and vote in general meetings of the Company, the right to a share in the excess of assets upon liquidation of the Company and the right to receive dividends, if declared.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The Common Stock is registered and publicly traded on the OTC Markets Group service of the National Association of Securities Dealers, Inc. under the symbol BCLI.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">B.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Issuance of shares warrants and options:</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1. Private placements and public offering:</font></p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="width: 113.4pt;"></td> <td style="text-align: left; width: 28.35pt;"><font size="2" style="font-family:times new roman,times">(a)</font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">During 2004 and 2005 the Company issued, in separate transactions, 8,861,875 shares of Common Stock of the Company for total proceeds of $308</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 159.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 113.4pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">(b)</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times"><font style="font-weight: normal;">On February 23, 2005, the Company completed a private placement for sale of 1,894,808 units for total proceeds of $1,418. Each unit consisted of one share of Common Stock and a three-year warrant to purchase one share of Common Stock </font><font style="font-weight: normal;">at $2.50 per share. This private placement was consummated in three tranches which closed in October 2004, November 2004 and February 2005.</font> <font style="font-weight: normal;">All warrants are no longer valid.</font></font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: bold 10pt times new roman, times, serif;"></p> <p style="text-align: justify; text-indent: -56.7pt; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 170.1pt; font: 10pt times new roman, times, serif;"></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="width: 113.4pt;"></td> <td style="text-align: left; width: 28.35pt;"><font size="2" style="font-family:times new roman,times">(c)</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times"><font style="font-weight: normal;">On August 11, 2005, the Company signed a private placement agreement with investors for the sale of up to 1,250,000 units at a price of $0.80 per unit. Each unit consisted of one share of Common Stock and one warrant to purchase one share of Common Stock at $1.00 per share. The warrants were exercisable for a period of three years from issuance. On September 30, 2005, the Company sold 312,500 units for total net proceeds of $225. On December 7, 2005, the Company sold 187,500 units for total net proceeds of $135. .</font> <font style="font-weight: normal;">All warrants are no longer valid.</font></font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 113.4pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">(d)</font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In July 2007, the Company entered into an investment agreement, that was amended in August 2009, according to which for an aggregate subscription price of up to $5 million, the Company issued 41,666,667 shares of Common Stock and a warrant to purchase 10,083,333 shares of the Company's common stock at an exercise price of $0.20 per share and a warrant to purchase 20,166,667 shares of common stock at an exercise price of $0.29 per share. The warrants may be exercised at any time and expire on November 5, 2013. </font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 2in; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In January 2011, the Company and an investor signed an agreement to balance the remaining amount due to the investor, totaling $22, against the remaining balance of the investment and the Company issued the above shares and warrants.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 2in; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 2in; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In addition, the Company issued an aggregate of 1,250,000 shares of Common Stock to a related party as an introduction fee for the investment. As of the balance sheet date, no warrants have been exercised.</font></p> <p style="text-align: left; margin: 0pt 0px 0pt 170.1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 120.5pt;"></td> <td style="width: 23.5pt;"><font size="2" style="font-family:times new roman,times">(e)</font></td> <td style="text-align: justify;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In January 2010, the Company issued 1,250,000 units to a private investor for total proceeds of $250. Each unit consisted of one share of Common Stock and a two-year warrant to purchase one share of Common Stock at $0.50 per share. All warrants are no longer valid.</font></td> </tr> </table> <p style="text-align: justify; text-indent: -31.5pt; margin: 0pt 0px 0pt 2in; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 112.5pt;"></td> <td style="width: 31.5pt;"><font size="2" style="font-family:times new roman,times"><b>(f)</b></font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">In February 2010, the Company issued 6,000,000 shares of Common Stock to three investors (2,000,000 to each investor) and warrants to purchase an aggregate of 3,000,000 shares of Common Stock (1,000,000 to each investor) with an exercise price of $0.50 for aggregate proceeds of $1,500 ($500 each).</font></td> </tr> </table> <p style="text-align: left; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 113.4pt;"></td> <td style="width: 30.6pt;"><font size="2" style="font-family:times new roman,times"><b>(g)</b></font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">In February 2011, the Company issued 833,333 shares of Common Stock, at a price of $0.30 per share, and a warrant to purchase 641,026 shares of the Company's Common Stock at an exercise price of $0.39 per share exercisable for one year for total proceeds of $250. The warrants are no longer valid.</font></td> </tr> </table> <p style="text-align: justify; text-indent: -31.5pt; margin: 0pt 0px 0pt 2in; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 112.5pt;"></td> <td style="width: 31.5pt;"><font size="2" style="font-family:times new roman,times"><b>(h)</b></font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">On February 23, 2011, the Company entered into an investment agreement, pursuant to which the Company agreed to sell up to 12,815,000 shares of Common Stock, for an aggregate subscription price of up to $3.6 million and warrants to purchase up to 19,222,500 shares of Common Stock as follows: warrant to purchase 12,815,000 shares of Common Stock at $0.5 for two years, and warrants to purchase 6,407,500 shares of Common Stock at $0.28 for one year, out of which 946,834 were exercised, and 5,460,666 were cancelled.</font></td> </tr> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 112.5pt;"></td> <td style="width: 31.5pt;"></td> <td style="text-align: justify;"></td> </tr> </table> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 112.5pt;"></td> <td style="width: 31.5pt;"></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">In addition, the Company agreed to pay 10% of the funds received for the distribution services received, out of this amount, 4% was be paid in stock and the remaining 6% in cash. Accordingly, in March 2011, the Company issued 512,600 shares of Common Stock and paid $231.</font></td> </tr> </table> <p style="text-align: justify; text-indent: -31.5pt; margin: 0pt 0px 0pt 2in; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="width: 112.5pt;"></td> <td style="text-align: left; width: 31.5pt;"><font size="2" style="font-family:times new roman,times">(<b>I)</b></font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">On July 17, 2012, the Company raised a $5.7 million gross proceeds through a public offering (&#8220;Public Offering&#8221;) of its common stock. The Company issued a total of 19,818,968 common stock of $0.00005 par value, ($0.29 per share) and 14,864,228 warrants to purchase 0.75 shares of Common Stock for every share purchased in the Public Offering, at an exercise price of $0.29 per share. The Warrants are exercisable until the 30 month anniversary of the date of issuance. After deducting closing costs and fees, the Company received net proceeds of approximately $4.9&#160;million.</font></td> </tr> </table> <p style="text-align: justify; text-indent: -31.5pt; margin: 0pt 0px 0pt 2in; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The Company paid to the Placement Agency, Maxim Group LLC (the &#8220;Placement Agent&#8221;) a cash fee equal to 6% of the gross proceeds of the Public Offering and a corporate finance fee of 1% of the gross proceeds of the Public Offering, as well as fees and expenses of the Placement Agent of $1,000.&#160;&#160;In addition, the Company issued to the Placement Agent a two year warrant to purchase up to 493,966 shares of Common Stock (equal to 3% of the number of shares sold in the Public Offering), with an exercise price equal to $0.348 (120% of the Public offering price). The Warrants are exercisable until the 30 month anniversary of the date of issuance. In addition, the Company issued to Leader Underwriters (1993) Ltd, warrants to purchase 232,758 shares of Common stock, at an exercise price of $0.29 per share. The warrants are exercisable until the 30 month anniversary of the date of issuance.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">2.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Share-based compensation to employees and to directors:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 113.4pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">(a)</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Options to employees and directors:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On November 25, 2004, the Company's stockholders approved the 2004 Global Stock Option Plan and the Israeli Appendix thereto (which applies solely to participants who are residents of Israel) and on March 28, 2005, the Company's stockholders approved the 2005 U.S. Stock Option and Incentive Plan, and the reservation of 9,143,462 shares of Common Stock for issuance in the aggregate under these stock plans.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Each option granted under the plans is exercisable until the earlier of ten years from the date of grant of the option or the expiration dates of the respective option plans. The 2004 and 2005 options plans will expire on November 25, 2014 and March 28, 2015, respectively. The exercise price of the options granted under the plans may not be less than the nominal value of the shares into which such options are exercised. The options vest primarily over three years. Any options that are canceled or forfeited before expiration become available for future grants.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In June 2008, June 2011 and in June 2012, the Company's stockholders approved increases in the number of shares of common stock available for issuance under these stock option plans by 5,000,000, 5,000,000 and 9,000,000 shares, respectively.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">From 2005 through 2009, the Company granted its directors options to purchase 800,000 (in total) shares of Common Stock of the Company at an exercise price of $0.15 per share. The options are fully vested and will expire after 10 years.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On June 22, 2006, the Company entered into an amendment to the Company's option agreement with two of its employees. The amendment changed the exercise price of 270,000 options granted to them from $0.75 to $0.15 per share. The excess of the fair value resulting from the modification, in the amount of $2, was recorded as general and administration expense over the remaining vesting period of the options.</font></p> <p style="text-align: left; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On October 23, 2007, the Company granted to its former Chief Executive Officer an option to purchase 1,000,000 shares of Common Stock at an exercise price of $0.87 per share. On November 5, 2008, the Company amended the exercise price to $0.15 per share. The option is fully vested and expires after 10 years. The total compensation related to the option is $737, which was recorded as general and administrative expense. The options were all exercised for $150.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On June 29, 2009, the Company granted to its former Chief Executive Officer and director an option to purchase 1,000,000 shares of Common Stock at an exercise price of $0.067 per share. The option vests with respect to 1/3 of the shares subject to the option on each anniversary of the date of grant and expires after 10 years. Out of which 483,333 were exercised for $32 and 516,667 were cancelled.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 170.25pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The total compensation related to the option is $68, which is amortized over the vesting period as general and administrative expense. In February 2011, the former CEO resigned. On July 25, 2011, the Company signed a settlement agreement</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">with the former CEO under which 483,333 shares out of the above grant became fully vested and exercisable through April 30, 2012. An additional $30 was written as compensation in general and administrative expense. In April 2012, the former CEO exercised the option to 483,333 shares of Common Stock for an exercise price of $32.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="font-family: times new roman, times, serif; font-weight: normal;">On June 29, 2009, the Company granted to its former Chief Financial Officer an option to purchase 200,000 shares of Common Stock at an exercise price of $0.067 per share. The option vested with respect to 1/3 of the shares subject to the option. In connection with the former Chief Financial Officer&#8217;s resignation,</font> <font style="font-family: times new roman, times, serif;">2/3 of the above shares were cancelled and the remaining 66,667 were exercised for $4.</font></font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On April 13, 2010, the Company, Abraham Israeli and Hadasit Medical Research Services and Development Ltd. (&#8220;Hadasit&#8221;) entered into an Agreement (the &#8220;Agreement&#8221;) pursuant to which Prof. Israeli agreed, during the term of the Agreement, to serve as (i) the Company&#8217;s Clinical Trials Advisor and (ii) a member of the Company&#8217;s Board of Directors.&#160;&#160;In consideration of the services to be provided by Prof. Israeli to the Company under the Agreement, the Company agreed to grant options annually during the term of the Agreement for the purchase of its Common Stock, as follows:</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 141.75pt;"></td> <td style="width: 17.85pt;"><font style="font-family: symbol; font-weight: normal;; font-family:times new roman,times" size="2">&#183;</font></td> <td style="text-align: justify;"><font style="font-family: times new roman, times, serif; font-weight: normal;; font-family:times new roman,times" size="2">An option for the purchase of 166,666 shares of Common Stock at an exercise price equal to $0.00005 per share to Prof. Israeli; and</font></td> </tr> </table> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: top;"> <td style="width: 141.75pt;"></td> <td style="width: 17.85pt;"><font style="font-family: symbol; font-weight: normal;; font-family:times new roman,times" size="2">&#183;</font></td> <td style="text-align: justify;"><font style="font-family: times new roman, times, serif; font-weight: normal;; font-family:times new roman,times" size="2">An option for the purchase of 33,334 shares of Common Stock at an exercise price equal to $0.00005 per share to Hadasit,</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Such options will vest and become exercisable in twelve (12) consecutive equal monthly amounts.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Accordingly, the Company granted to Prof. Israeli in each of April 2010, June 2011 and April 2012, an option to purchase 166,666 shares of Common Stock at an exercise price equal to $0.00005 per share. The aggregated compensation related to the options recorded as of December 31, 2012 is $126 was classified as general and administrative expense.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">In addition, the Company granted Hadasit, in each of April 2010, June 2011 and April 2012, an option to purchase 33,334 shares of Common Stock at an exercise price equal to $0.00005 per share. The aggregated compensation related to the options recorded as of December 31, 2012 is $24 was classified as research and development expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On December 16, 2010, the Company granted to two of its directors an option to purchase 400,000 shares of Common Stock at an exercise price of $0.15 per share. The options are fully vested and are exercisable for a period of 10 years. The compensation related to the option, in the amount of $78, was recorded as general and administrative expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On December 16, 2010, the Company approved the grant to its three Scientific Board members 300,000 shares of Common Stock of the Company. The compensation related to the option, in the amount of $60, was recorded as research and development expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In January 2011, the Company granted to its former CEO, an option to purchase 450,000 shares of Common Stock of the Company at $0.20. The total compensation related to the option is $177, which is amortized over the vesting period as general and administrative expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On June 27, 2011, the Company granted to three of its directors options to purchase an aggregate of 634,999 shares of Common Stock of the Company at $0.15. The total compensation related to the option was $287, which is amortized over the vesting period as general and administrative expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On August 10, 2011, the Company granted to its CEO, an option to purchase 70,000 shares of Common Stock of the Company at $0.20. The total compensation related to the option was $26, which was amortized as general and administrative expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On August 1, 2012, the Company granted to three of its directors options to purchase an aggregate of 460,000 shares of Common Stock of the Company at $0.15. The total compensation related to the option was $105, which is amortized over the vesting period as general and administrative expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On August 1, 2012, the Company granted to its former CEO, an option to purchase 70,000 shares of Common Stock of the Company at $0.26. The total compensation related to the option was $16, which was amortized as general and administrative expense.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">In the year ended December 31, 2012, 1,182,606 options were exercised by a former CEO of the Company for $137.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">A summary of the Company's option activity related to options to employees and directors, and related information is as follows:</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"></p> <p style="text-align: left; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="10"><font size="2" style="font-family:times new roman,times">For the year ended </font><br /><font size="2" style="font-family:times new roman,times">December 31, 2012</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Amount of options</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Weighted average exercise price</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Aggregate intrinsic value</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: bold 10pt times new roman, times, serif;"> <p style="border-bottom: black 0.5pt solid; text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>$</b></font></p> </td> <td style="text-align: left; padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: bold 10pt times new roman, times, serif;"> <p style="border-bottom: black 0.5pt solid; text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>$</b></font></p> </td> <td style="text-align: left; padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; width: 46%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Outstanding at beginning of period</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">4,938,821</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.168</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Granted</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">981,666</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.164</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Exercised</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(1,182,606</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.116</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Cancelled</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">13,784</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.067</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Outstanding at end of period</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,751,665</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">0.180</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">190,067</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Vested and expected-to-vest at end of period</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,848,610</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">0.18</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">153,944</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: left; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b></b></font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The aggregate intrinsic value in the table above represents the total intrinsic value (the difference between the fair market value of the Company&#8217;s shares on December 31, 2012 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on December 31, 2012.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The options outstanding as of December 31, 2012, have been separated into exercise prices, as follows:</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">Options outstanding as of</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">Weighted average remaining</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">Options exercisable as of</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">contractual</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Exercise price</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Life</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Years</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; width: 20%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.00005</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 5%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 19%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">499,998</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 5%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 19%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">7.95</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 5%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 19%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">444,443</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.067</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">116,668</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">6.50</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">116,668</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.15</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">2,144,999</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">7.33</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,838,332</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.18</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">670,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">7.47</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">528,333</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.2</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">520,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">8.51</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">357,500</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.26</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">355,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">9.59</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">118,333</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.32</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">30,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">7.12</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">30,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.39</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">115,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">4.50</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">115,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.4</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">110,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">3.47</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">110,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.47</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">110,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">4.22</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">110,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.75</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">80,000</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2.18</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">80,000</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,751,665</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">6.26</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,848,609</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 170.1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font><font size="2" style="font-family:times new roman,times">Compensation expense recorded by the Company in respect of its stock-based employee compensation award in accordance with ASC 718-10 for the year ended December 31, 2012 and 2011 amounted to $560 and $1,135, respectively.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The fair value of the options is estimated at the date of grant using a Black-Scholes options pricing model with the following assumptions used in the calculation:</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Year ended December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: bold 10pt times new roman, times, serif;"> <p style="border-bottom: black 0.5pt solid; text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>2 0 1 2</b></font></p> </td> <td style="text-align: left; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: bold 10pt times new roman, times, serif;"> <p style="border-bottom: black 0.5pt solid; text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>2 0 1 1</b></font></p> </td> <td style="text-align: left; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; width: 56%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Expected volatility</font></td> <td style="width: 1%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">132</font></td> <td style="text-align: left; width: 1%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">%</font></td> <td style="width: 1%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; color: black; font-size: 10pt;"><font style="color: black;; font-family:times new roman,times" size="2">134%-141%</font></td> <td style="text-align: left; width: 1%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Risk-free interest</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.63</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">%</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font style="color: black;; font-family:times new roman,times" size="2">0.93%-2.93%</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Dividend yield</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">%</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">%</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Expected life of up to (years)</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">5.5</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font style="color: black;; font-family:times new roman,times" size="2">5-6</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Forfeiture rate</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">%</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font style="color: black;; font-family:times new roman,times" size="2">0%-10%</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 113.4pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(b) Restricted shares to directors:</font></p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">From May 2006 through April 2007, the Company issued to its directors 400,000 restricted shares of Common Stock (100,000 each). The restrictions on the shares have fully lapsed. The compensation related to the stocks issued amounted to $198, which was amortized over the vesting period as general and administrative expenses. On August 27, 2008, the Company issued to its director 960,000 shares of Common Stock upon a cashless exercise by a shareholder of a warrant to purchase 1,000,000 shares of Common Stock at an exercise price of $.01 per share that was acquired by the shareholder from Ramot. The shares were allocated to the director by the shareholder.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In May and June 2010, based on a board resolution dated June 29, 2009, the Company issued to three directors, three of its Scientific Advisory Board members and two of its Advisory Board members 800,000 restricted shares of Common Stock. The shares will vest in three annual and equal portions commencing with the grant date.</font></p> <p style="text-align: justify; text-indent: 0.5in; margin: 0pt 0px 0pt 141.75pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On December 16, 2010, the Company approved a grant to two of its directors 400,000 (total) shares of Common Stock. Related compensation in the amount of $80 was recorded as general and administrative costs in 2010. These shares were actually granted in June 2011, and an additional related compensation in the amount of $112 was recorded as general and administrative expense.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On June 27, 2011, the Company granted to two of its directors 476,666 (total) shares of Common Stock, which shares are fully vested as of December 31, 2012. Related compensation in the amount of $229 will be recorded as general and administrative expense.</font></p> <p style="text-align: left; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="font: 10pt times new roman, times, serif;">On August 22, 2011, the Company entered into an agreement with Chen Schor (the &#8220;Executive Director Agreement&#8221;) pursuant to which the Company granted to Mr. Schor 923,374 shares of restricted Common Stock of the Company.&#160;&#160; The shares will vest over 3 years - 1/3 upon each anniversary of the Grant Date.</font> <font style="font: 10pt times new roman, times, serif;">In addition, the Company will pay $15 per quarter to Mr. Schor for his services as an Executive Board Member. </font></font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In August 2011, the Company issued to three of its Scientific Advisory Board members and three of its Advisory Board members a total of 300,000 restricted shares of Common Stock. The shares will vest in equal monthly portions over the service period.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In November 2011, the Company issued to four of its Advisory Board members a total of 500,000 restricted shares of Common Stock. The shares will vest in equal monthly portions over the service period.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In addition, in November 2011, the Company issued to a former director 250,000 shares of Common Stock. Related compensation in the amount of $70 was recorded as general and administrative expense.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">In August 2012, the Company issued to two directors, four of its Scientific Advisory Board members and three of its Advisory Board members a total of 885,000 restricted shares of Common Stock. The shares will vest in 12 equal monthly portions over the service period. Related compensation in the amount of $198 will be recorded as general and administrative expense, out of which $48 was recorded in year ended December 31, 2012.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">3.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Shares and warrants to service providers:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 113.4pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="font-size: 10pt; font-weight: normal;">The Company accounts for shares and warrant grants issued to non-employees using the guidance of</font> <font style="font-size: 10pt; font-weight: normal;">ASC 505-50, "Equity-Based Payments to Non-Employees" (EITTF 96-18, "Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling, Goods or Services"), whereby the fair value of such option and warrant grants is determined using a Black-Scholes options pricing model at the earlier of the date at which the non-employee's performance is completed or a performance commitment is reached.</font></font></p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 134.85pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times"><b>(a)</b></font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times"><b>Warrants to investors and service providers and investors: </b></font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Issuance date</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Number of warrants issued</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Exercised</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Forfeited</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Outstanding</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Exercise Price $</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Warrants exercisable</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Exercisable through</font></td> <td style="padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; width: 30%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">November-December2004</font></td> <td style="width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 6%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">14,600,845</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 2%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 6%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">14,396,010</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 6%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">204,835</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 6%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font-size: 8pt;"><font style="font-size: 8pt;; font-family:times new roman,times" size="2">0.00005 - 0.01</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 6%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 8%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February-December2005</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">3,058,471</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">173,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">2,548,308</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">337,163</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font style="font-size: 8pt;; font-family:times new roman,times" size="2">0.15 - 2.5 </font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">337,163</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Jun - Dec 2015</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February-December2006</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">1,686,355</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">727,696</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">478,659</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">480,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font style="font-size: 8pt;; font-family:times new roman,times" size="2">0.005 &#8211; 1.5</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">480,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Feb - May 2016</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">March 2007</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">14,803,300</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">1,003,300</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">13,800,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font style="font-size: 8pt;; font-family:times new roman,times" size="2">0.15 - 0.47</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">13,800,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Nov 2013 &#8211; Oct 2017</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">April 2008</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">9,175,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">9,175,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font style="font-size: 8pt;; font-family:times new roman,times" size="2">0.15 - 0.29</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">9,175,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Nov 2013 &#8211; Sep 2018</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Apr-Oct2009</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">4,937,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">100,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">4,837,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font style="font-size: 8pt;; font-family:times new roman,times" size="2">0.067 &#8211; 0.29</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">4,837,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Nov 2013 &#8211; Oct 2019</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">January 2010</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">1,250,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">1,250,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.5</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February 2010</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">125,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">125,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.01</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February 2010</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">3,000,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">3,000,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.5</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February 2010</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">1,500,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">1,500,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">500,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Feb 2020</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">April 2010</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.00005</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Apr 2020</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">January 2011</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">4,537,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">4,537,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.29</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">4,537,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Nov 2013</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February 2011</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">641,026</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">641,026</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.39</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February 2011</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">6,407,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">946,834</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">5,460,666</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.28</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February 2011</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">12,815,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">12,815,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.5</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">12,815,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Feb 2013</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">April 2011</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.01</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Apr 2021</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">April 2012</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.01</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">22,223</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Apr 2022</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">July 2012</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">493,966</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">493,966</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.348</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">493,966</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Jul 2014</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">July 2012</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">232,758</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">232,758</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.29</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">232,758</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Jan 2015</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">July 2012</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">14,864,228</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">14,864,228</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.29</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">14,864,228</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Jan 2015</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">94,228,451</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">16,468,540</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">14,586,794</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">63,173,117</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">62,162,006</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The fair value for the warrants to service providers was estimated on the measurement date determined using a Black-Scholes option pricing model, with the following weighted-average assumptions for the year ended December 31, 2010; weighted average volatility of 140%, risk free interest rates of 2.39%-3.14%, dividend yields of 0% and a weighted average life of the options of 5-5.5 and 1-9 years. There were no grants to service providers during 2011 and 2012 using Black-Scholes calculation. </font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 113.4pt;"></td> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">(b)</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Shares:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On June 1 and June 4, 2004, the Company issued 40,000 and 150,000 shares of Common Stock for 12 months of filing services and legal and due-diligence services, respectively, with respect to a private placement. Compensation expense related to filing services, totaling $26, was amortized over a 12-month period. Compensation related to legal services, totaling $105 was recorded as equity issuance cost and had no effect on the statement of operations.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On February 10, 2005, the Company signed an agreement with one of its service providers under which the Company issued to the service provider 100,000 restricted shares at a purchase price of $0.00005 par value under the U.S. Stock Option and Incentive Plan of the Company. All restrictions on these shares have lapsed.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="font: 10pt times new roman, times, serif;">In March and in April 2005, the Company signed an agreement with four members of its Scientific Advisory Board under which the Company issued to the members of the Scientific Advisory Board 400,000 restricted shares at a purchase price of $0.00005 par value under the U.S. Stock Option and Incentive Plan (100,000 each). All restrictions on these shares have lapsed</font>.<font style="font: 10pt times new roman, times, serif;"> </font></font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Between the years 2004 through 2009, the Company issued to several services providers, in separate transactions, 3,045,508 shares of Common Stock in total. The total related compensation, in the amount of $758, was recorded as general and administrative expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On March 5, 2007, the Company issued a $150 Convertible Promissory Note to a third party. Interest on the note accrued at the rate of 8% per annum for the first year and 10% per annum after the first year. On January 27, 2010, the third party converted the entire accrued principle and interest outstanding under the note, amounting to $189, into 1,016,109 shares of Common Stock.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On October 29, 2007, the Company issued to a Scientific Advisory Board member 80,000 shares of the Company&#8217;s Common Stock for scientific services. Compensation of $67 was recorded as research and development expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On May 20, 2008, the Company issued to its finance advisor 90,000 shares of the Company's common stock. The shares are for $35 payable to the finance advisor for introduction fee of past convertible loans. Related compensation in the amount of $36 is recorded as finance expenses.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On April 5, 2009, the Company issued to its Chief Technology Advisor 1,800,000 shares of Common Stock. The shares are for $180 payable to the advisor. Related compensation in the amount of $144 was recorded as research and development expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On October 1, 2009, the Company issued to its service provider 150,000 shares of the Company's Common Stock. The shares are for financial and investor relation services done by the provider. Related compensation in the amount of $51 is recorded as general and administrative expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On October 2, 2009, the Company issued to its service provider 1,250,000 shares of the Company's Common Stock. The shares are for investor and public relation services. Related compensation in the amount of $400 was recorded as general and administrative expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On December 30, 2009, the Company issued to Ramot 1,120,000 shares of the Company's Common Stock (See Note 3).</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On December 13, 2009, the Company issued a $135 Convertible Promissory Note to it legal advisor for $217 in legal fees accrued through October 31, 2009. Interest on the note accrued at the rate of 4%.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On January 5, 2010, the Company issued to its public relations advisor 50,000 shares of the Company's Common Stock for six months service. The issuance of the shares is part of the agreement with the public relations advisor that entitles it to a monthly grant of 8,333 shares of the Company's Common Stock. Related compensation in the amount of $12 was recorded as general and administrative expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On January 6, 2010, the Company issued to its service provider 60,000 shares of the Company's Common Stock. The shares are for $15 payable to the service provider for insurance and risk management consulting and agency services for three years. Related compensation in the amount of $16 was recorded as general and administrative expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On February 19, 2010, the Company's legal advisor converted the entire accrued principal and interest amount outstanding under the note into 402,385 shares of Common Stock.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 143pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On April 6, 2010, Prof. Melamed fully exercised his warrant to purchase 1,097,215 shares of the Company&#8217;s Common Stock. The warrant was issued to him pursuant to the agreement with the Consultants effective as of November 4, 2004 (See Note 4a).</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">In May 2010, based on a board resolution dated June 29, 2009, the Company issued to one of its public relations advisors 100,000 restricted shares of Common Stock. The shares will vest in three annual and equal portions commencing with the grant date. </font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On December 16, 2010, the Company granted to its service provider 200,000 shares of the Company's Common Stock. The shares are for investor and public relations services. Related compensation in the amount of $40 was recorded as general and administrative expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">On December 16, 2010, the Company granted to its two consultants 1,100,000 shares of the Company's Common Stock (See Note 4B).</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On February 18, 2011, the Company's legal advisor converted the entire accrued principal and interest of the Convertible Promissory Note granted on September 15, 2010, totaling $137, into 445,617 shares of Common Stock.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On June 27, 2011, the Company granted to its legal advisor 180,000 shares of Common Stock for 2011 legal services. Related compensation in the amount of $86 was recorded as general and administrative expense.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On June 27, 2011, the Company granted to its consultant 400,000 shares of the Company's Common Stock, for services rendered through December 31, 2009.</font></p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 170.1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Related compensation in the amount of $192 was recorded as research and development expense.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On June 27, 2011, the Company granted to a service provider 10,870 shares of the Company's Common Stock. Related compensation in the amount of $5 was recorded as general and administrative expense.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">On December 31, 2011, the Company issued to Hadasit warrants to purchase up to 1,500,000 restricted shares of the Company's Common Stock at an exercise price of $0.001 per share, exercisable for a period of 5 years.&#160;&#160;The warrants shall vest over the course of the trials as follows: 500,000 upon enrollment of 1/3 of the patients; an additional 500,000 upon enrollment of all the patients and the final 500,000 upon completion of the study.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 2in; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 2in; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">In 2012, two consultants of the Company exercised 959,729 warrants for $8.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 2in; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">A summary of the Company's stock awards activity related to shares issued to service providers and related information is as follows:</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Year ended </font><br /><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Year ended </font><br /><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">2 0 1 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Amount of shares</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Weighted average issue price</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Amount of shares</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Weighted average issue price</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; text-indent: -5.65pt; padding-left: 5.65pt; width: 40%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Outstanding at beginning of period</font></td> <td style="width: 3%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">11,001,378</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.27</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 3%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">9,735,508</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.25</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; text-indent: -5.65pt; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Issued</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">794,423</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.26</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,265,870</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.41</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; text-indent: -5.65pt; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Outstanding at end of period</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">11,795,801</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.27</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">11,001,378</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.27</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Stock-based compensation and issuance of shares recorded by the Company in respect of shares and warrants granted to service providers amounted to $195 and $449 for the year ended December 31, 2012 and 2011, respectively. </font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The total stock-based compensation expense, related to shares, options and warrants granted to employees and service providers, was comprised, at each period, as follows: </font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Year ended</font><br /><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"> <p style="margin-top: 0px; margin-bottom: 0px;"><font size="2" style="font-family:times new roman,times">Period from September 22, 2000 (inception date) through</font></p> <p style="margin-top: 0px; margin-bottom: 0px;"><font size="2" style="font-family:times new roman,times">December 31,</font></p> </td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="10"><font size="2" style="font-family:times new roman,times">U.S. $ in thousands</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 50%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Research and development</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">210</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">316</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">17,766</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">General and administrative</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">545</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,075</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">10,658</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Financial expenses, net</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">192</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">248</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -5.65pt; padding-left: 0.25in; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Total stock-based compensation expense</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">755</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,584</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">28,672</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;">NOTE 9 - RESEARCH AND DEVELOPMENT, NET</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;">&#160;</p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">Year ended<br />December 31,</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"> <p style="margin-top: 0px; margin-bottom: 0px;">Period from September 22, 2000 (inception date) through</p> <p style="margin-top: 0px; margin-bottom: 0px;">December 31,</p> </td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2 0 1 2</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2 0 1 1</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2 0 1 2</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="10">U.S. $ in thousands</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 50%; font-size: 10pt;">Research and development</td> <td style="width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: right; width: 11%; font-size: 10pt;">2,688</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: right; width: 11%; font-size: 10pt;">2,077</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: right; width: 11%; font-size: 10pt;">29,521</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">Less : Ramot reverse accruals (See Note 3)</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">-</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">-</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">(760</td> <td style="text-align: left; font-size: 10pt;">)</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Less : Participation by the Israeli Office of the Chief Scientist</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(918</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(388</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(2,572</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,770</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,689</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">26,189</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;">NOTE 10 - TAXES ON INCOME</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 56.7pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;">A.</td> <td style="text-align: justify;">Tax rates applicable to the income of the subsidiary:</td> </tr> </table> <p style="text-align: justify; text-indent: -28.1pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; margin: 0pt 0.2pt 0pt 84pt; font: 10pt times new roman, times, serif;">The corporate tax rate in Israel is 25%.</p> <p style="text-align: justify; margin: 0pt 0.2pt 0pt 84pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; margin: 0pt 0.2pt 0pt 84pt; font: 10pt times new roman, times, serif;">On September 26, 2011 the Social-Economic Reform Committee headed by Professor Manuel Trajtenberg published a report with its recommendations. Consequently, on December 6, 2011, the Law for Change in the Tax Burden (Legislative Amendments), based on the recommendations in the Tax Section of that report, was published, after being approved in a third reading in the Israeli Knesset.</p> <p style="text-align: justify; margin: 0pt 0.2pt 0pt 84pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; margin: 0pt 0.2pt 0pt 84pt; font: 10pt times new roman, times, serif;">The main changes of the new law regarding corporate income taxes are as follows:</p> <p style="text-align: justify; margin: 0pt 0.2pt 0pt 84pt; font: 10pt times new roman, times, serif;">&#160;</p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 84pt;"></td> <td style="width: 29.4pt;">1.</td> <td style="text-align: justify; padding-right: 0.2pt;">Cancellation of the planned gradual reduction of income taxes and corporate income taxes commencing in 2012.</td> </tr> </table> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="width: 84pt;"></td> <td style="text-align: left; width: 29.4pt;">2.</td> <td style="text-align: justify;">Increase of the corporate income tax rate to 25% in 2012.</td> </tr> </table> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="width: 84pt;"></td> <td style="text-align: left; width: 29.4pt;">3.</td> <td style="text-align: justify;">Increase of the capital gains tax rate and betterment tax rate to 25%.</td> </tr> </table> <p style="text-align: justify; margin: 0pt 0.2pt 0pt 84pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; margin: 0pt 0.2pt 0pt 84pt; font: 10pt times new roman, times, serif;">Such tax rate changes have no significant impact on the Company's financial statements.</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 84pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;">B.</td> <td style="text-align: justify;">Tax laws applicable to the income of the Subsidiary:</td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><u>The Law for the Encouragement of Capital Investments, 1959 ("the Law"):</u></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">According to the Law, BCT is entitled to various tax benefits by virtue of "beneficiary enterprise" status granted, as defined by this Law.</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">In March 2005, the Israeli Parliament passed the Arrangements Law for fiscal year 2005, which includes a broad and comprehensive amendment to the provisions of the Law ("Amendment No. 60 to the Law").</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">The principal benefits by virtue of the Law are:</p> <p style="text-align: justify; text-indent: -56.7pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">Tax benefits and reduced tax rates under the Alternative Track of Benefits: </font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">The Company is tax exempt for a benefit period of two years and in the five/eight subsequent years of the benefit period is subject to a reduced tax rate of 10%-25%.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">In January 6, 2011 an amendment to the Law for the Encouragement of Capital Investment-1959 (the "Law") was published. The amendment has a substantial effect on the current provisions of the Law. The followings are the major changes in the amendment:</p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">&#160;</p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="text-align: left; width: 28.35pt;">1.</td> <td style="text-align: justify;">A company located in Preferred Area A can file for both grants and tax benefits.</td> </tr> </table> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">&#160;</p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 28.35pt;">2.</td> <td style="text-align: justify;">The requisites for benefits were changed with most significant change is that the minimum investment requirement was removed. In addition the definition of approved entity was changed.</td> </tr> </table> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">&#160;</p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 28.35pt;">3.</td> <td style="text-align: justify;">The income attribution based on revenues was cancelled, the result is that approved entity would be taxable on it entire income at a fixed rate.</td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;">&#160;</p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 28.35pt;">4.</td> <td style="text-align: justify;">Tax exemption was cancelled.</td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;">&#160;</p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 28.35pt;">5.</td> <td style="text-align: justify;">Dividend payable to Israeli corporations from preferred income would be tax exempted.</td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;">&#160;</p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 28.35pt;">6.</td> <td style="text-align: justify;">The Grant Rate out of the approved investment would be up to 24%.</td> </tr> </table> <p style="text-align: justify; margin: 0pt 0px 0pt 84pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;">The Tax rates applicable to Approved Industrial Enterprise would be 6% and 12% for those located in Preferred Area A or elsewhere, respectively, with effectiveness for the taxable year 2 of 2015 and onwards. Prior to 2015 the following tax rates will be applicable:</p> <p style="text-align: justify; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;">For the years 2011-2012 10% and 15%, respectively and for the years 2013-2014 7% and 12.5%, respectively. The amendment to the law is not expected to have material impact on the Company's consolidated financial statements.</p> <p style="text-align: justify; text-indent: -28.1pt; margin: 0pt 0px 0pt 113.15pt; font: 10pt times new roman, times, serif;">&#160;</p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;">C.</td> <td style="text-align: justify;">Deferred income taxes:</td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets are as follows:</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">December 31,</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2 0 1 2</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2 0 1 1</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">U.S. $ in thousands</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt; width: 56%; font-size: 10pt;">Operating loss carryforward</td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; width: 12%; font: 10pt times new roman, times, serif;">22,067</td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; width: 12%; font: 10pt times new roman, times, serif;">19,704</td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">Net deferred tax asset before valuation allowance</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">8,340</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">7,467</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt; font-size: 10pt;">Valuation allowance</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(8,340</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(7,467</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;">Net deferred tax asset</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">-</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">-</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">As of December 31, 2012, the Company has provided valuation allowances of $8,340 in respect of deferred tax assets resulting from tax loss carryforward and other temporary differences. Management currently believes that because the Company has a history of losses, it is more likely than not that the deferred tax regarding the loss carryforward and other temporary differences will not be realized in the foreseeable future.</font></p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;">D.</td> <td style="text-align: justify;">Available carryforward tax losses:</td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">As of December 31, 2012, the Company has an accumulated tax loss carryforward of approximately $22,067. Carryforward tax losses in Israel are unlimited duration and carryforward tax losses in the U.S. can be carried forward and offset against taxable income in the future for a period of 20 years. Utilization of U.S. net operating losses may be subject to substantial annual limitations due to the "change in ownership" provisions of the Internal Revenue Code of 1986 and similar state provisions. The annual limitation may result in the expiration of net operating losses before utilization.</font></p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;">E.</td> <td style="text-align: justify;">Loss from continuing operations, before taxes on income, consists of the following:</td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;">&#160;</p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">Year ended December 31,</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2 0 1 2</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2 0 1 1</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">U.S. $ in thousands</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; text-indent: -11.35pt; padding-left: 11.35pt; width: 56%; font-size: 10pt;">United States</td> <td style="width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: right; width: 12%; font-size: 10pt;">(1,197</td> <td style="text-align: left; width: 1%; font-size: 10pt;">)</td> <td style="width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: right; width: 12%; font-size: 10pt;">(1,886</td> <td style="text-align: left; width: 1%; font-size: 10pt;">)</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -11.35pt; padding-left: 11.35pt; font-size: 10pt;">Israel</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(2,233</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(2,032</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -11.35pt; padding-left: 11.35pt; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">(3,430</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">(3,918</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="text-align: left; width: 28.35pt;"><b>F<font style="font-size: 10pt;">.</font></b></td> <td style="text-align: justify;"><font style="font-size: 10pt;"><b>Due to the Company&#8217;s cumulative losses, the effect of ASC 740 as codified from ASC 740-10 is not material.</b></font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 56.7pt;"></td> <td style="width: 28.35pt;"><b>G.</b></td> <td style="text-align: justify;"><b>BCT has not received final tax assessments since its incorporation.</b></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">NOTE 11 - TRANSACTIONS WITH RELATED PARTIES</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Year ended December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">U.S. $ in thousands</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -28.35pt; padding-left: 28.35pt; width: 56%; font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times"><b>A.</b><font style="font-style: normal; font-weight: normal;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;Fees and related benefits and compensation expenses in respect of options granted to a member of the Board who is a related party</font></font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 12%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">239</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 12%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">173</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; text-indent: -28.35pt; padding-left: 28.35pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -28.35pt; padding-left: 28.35pt; font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times"><b>B. &#160;&#160;&#160;&#160;&#160;&#160;&#160;</b><font style="font-weight: normal;">As for transactions with Ramot, see Note 3.</font></font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px; font: bold 10pt times new roman, times, serif;"><font size="2">NOTE 12 - SUBSEQUENT EVENTS</font></p> <p style="text-align: justify; text-indent: -26.55pt; margin: 0pt 0px 0pt 1.55in; font: 10pt times new roman, times, serif;"><font size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 18pt;"><font size="2">A.</font></td> <td style="text-align: justify;"><font size="2"><font style="font-weight: normal;">On January 16, 2013, the Company granted 216,000</font> <font style="font-weight: normal;">shares of Common Stock of the Company to two consultants, for services rendered through December 31, 2012. Related compensation in the amount of $54 was recorded as research and development expense.</font></font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 18pt;"><font size="2">B.</font></td> <td style="text-align: justify;"><font style="font-weight: normal;" size="2">On January 24, 2013 the Company granted its Chief Executive Officer an option to purchase 4,000,000 shares of Common Stock at an exercise price of $0.29 per share. The option will vest 33% of the shares subject thereto on the first anniversary of the date of grant and the remainder shall vest over 36 consecutive months.</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 103.05pt; font: 10pt times new roman, times, serif;"><font size="2">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 1.4in; font: 10pt times new roman, times, serif;"><font size="2">The Company also granted its Chief Executive Officer an additional option to purchase 2,000,000 shares of Common Stock, subject to certain conditions precedent occur prior to January 24 2014, at an exercise price of $0.29. Such option to vest as to 33.33% of the number of shares after one year, and the remainder of the shares become exercisable in 36 consecutive, equal monthly installments thereafter.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 1.4in; font: 10pt times new roman, times, serif;"><font size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" border="0" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 18pt;"><font size="2">C.</font></td> <td style="text-align: justify;"><font style="font-weight: normal;" size="2">On January 25, 2013 the European Medicine Agency (EMA) Committee for Advanced Therapies (CAT) classified Brainstorm&#8217;s MSC-NTF cells (NurOwn) as an Advanced Therapy Medicinal Product (ATMP).</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;" size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 18pt;"><font size="2">D.</font></td> <td style="text-align: justify;"><font style="font-weight: normal;" size="2">On February 4, 2013, the Company issued 126,111 shares of Common Stock to an investor, according to a settlement agreement, for the amendment of the conversion rate of a $200 convertible loan. The convertible loan was granted in 2007 and converted in 2010.</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 103.05pt; font: 10pt times new roman, times, serif;"><font size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 18pt;"><font size="2"><b>E.</b></font></td> <td style="text-align: justify;"><font size="2">On February 7, 2013, the Company issued 833,334 shares of Common Stock to a private investor, at a price of $0.30 per share, and a warrant to purchase 833,334 shares of Common Stock of the Company at an exercise price of $0.50 per share exercisable for 32 months for total proceeds of $250.</font></td> </tr> </table> <p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif; color: #1f497d;"><font size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 18pt;"><font size="2"><b>F.</b></font></td> <td style="text-align: justify;"><font size="2">On February 19, 2013, Brainstorm Ltd established a wholly-owned subsidiary, Brainstorm Cell Therapeutics UK Ltd. (&#8220;Brainstorm UK&#8221;). Brainstorm UK will act on behalf of the parent Company in the EU.</font></td> </tr> </table> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2">&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 85.05pt;"></td> <td style="width: 18pt;"><font size="2"><b>G.</b></font></td> <td style="text-align: justify;"><font size="2">On February 21, 2013, Brainstorm UK filed a request for Orphan Medicinal Product Designation by the European Medicine Agency (EMA) for its Autologous Bone Marrow derived Mesenchyme Stromal cells Secreting Neurotropic factors (MSC-NTF, NurOwn).</font></td> </tr> </table> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">A.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Basis of presentation:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The consolidated financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (&#8220;GAAP&#8221;) applied on a consistent basis.</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;">B.</td> <td style="text-align: justify;">Use of estimates:</td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">C.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Financial statement in U.S. dollars:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The functional currency of the Company is the U.S dollar ("dollar") since the dollar is the currency of the primary economic environment in which the Company has operated and expects to continue to operate in the foreseeable future. Part of the transactions of BCT are recorded in new Israeli shekels ("NIS"); however, a substantial portion of BCT&#8217;s costs are incurred in dollars or linked to the dollar. Accordingly, management has designated the dollar as the currency of BCT&#8217;s primary economic environment and thus it is their functional and reporting currency.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Transactions and balances denominated in dollars are presented at their original amounts. Non-dollar transactions and balances have been re-measured to dollars in accordance with the provisions of ASC 830-10, "Foreign Currency Translation". All transaction gains and losses from re-measurement of monetary balance sheet items denominated in non-dollar currencies are reflected in the statement of operations as financial income or expenses, as appropriate.</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;">D.</td> <td style="text-align: justify;">Principles of consolidation:</td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: bold 10pt times new roman, times, serif;"><font style="font-size: 10pt; font-weight: normal;">The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, BCT. Intercompany balances and transactions have been eliminated upon consolidation.&#160;</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;">E.</td> <td style="text-align: justify;">Cash and cash equivalents:</td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">Cash equivalents are short-term highly liquid investments that are readily convertible to cash with maturities of three months or less as of the date acquired.</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;">F.</td> <td style="text-align: justify;">Property and equipment:</td> </tr> </table> <p style="text-align: justify; margin: 0pt 85.05pt 0pt 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">Property and equipment are stated at cost, less accumulated depreciation. Depreciation is calculated by the straight-line method over the estimated useful lives of the assets.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">The annual depreciation rates are as follows:</font>&#160;</p> <p style="text-align: justify; text-indent: 0.25in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"></p> <table align="right" style="width: 90%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="background-color: #ccffcc; vertical-align: top;"> <td style="text-indent: 0.125in; padding-left: 0.125in; padding-right: 5.4pt;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;"><font style="font: 10pt times new roman, times, serif;">%</font></td> </tr> <tr style="background-color: white; vertical-align: top;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt;">&#160;</td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: top;"> <td><font style="font: 10pt times new roman, times, serif;">Office furniture and equipment</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"><font style="font: 10pt times new roman, times, serif;">7</font></td> </tr> <tr style="background-color: white; vertical-align: top;"> <td><font style="font: 10pt times new roman, times, serif;">Computer software and electronic equipment</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;"><font style="font: 10pt times new roman, times, serif;">33</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: top;"> <td><font style="font: 10pt times new roman, times, serif;">Laboratory equipment</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;"><font style="font: 10pt times new roman, times, serif;">15</font></td> </tr> <tr style="background-color: white; vertical-align: top;"> <td><font style="font: 10pt times new roman, times, serif;">Leasehold improvements</font></td> <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt;"><font style="font: 10pt times new roman, times, serif;">Over the shorter of the lease term (including the option) or useful life</font></td> </tr> </table> <div>&#160;</div> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">G.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Impairment of long-lived assets:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The Company&#8217;s and BCT&#8217;s long-lived assets are reviewed for impairment in accordance with ASC 360-10, "Accounting for the Impairment or Disposal of Long-Lived Assets,&#8221; whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds their fair value. During 2012 and 2011, no impairment losses were identified.</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0" > <tr style="vertical-align: top;"> <td style="width: 28.35pt;">L.</td> <td style="text-align: justify;">Research and development expenses, net:</td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">Research and development expenses, are charged to the statement of operations as incurred.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">Royalty-bearing grants from the Government of Israel for funding approved research and development projects are recognized at the time the Company is entitled to such grants, on the basis of the costs incurred and applied as a deduction from research and development expenses. <font style="color: black;">Such grants are included as a deduction of research and development costs since at the time received it is not probable the Company will generate sales from these projects and pay the royalties resulting from such sales.</font></font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;">H.</td> <td style="text-align: justify;">Severance pay:</td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">The liability of BCT for severance pay is calculated pursuant to the Severance Pay Law in Israel, based on the most recent salary of the employees multiplied by the number of years of employment as of the balance sheet date and is presented on an undiscounted basis.</font></p> <p style="text-align: justify; text-indent: -56.7pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">BCT&#8217;s employees are entitled to one month's salary for each year of employment or a portion thereof. BCT&#8217;s liability for all of its employees is fully provided by monthly deposits with insurance policies and by an accrual. The value of these policies is recorded as an asset in the Company's balance sheet.</font></p> <p style="text-align: justify; text-indent: -56.7pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to Severance Pay Law in Israel or labor agreements. The value of the deposited funds is based on the cash surrendered value of these policies.</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">J.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Accounting for stock-based compensation:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="font-size: 10pt; font-weight: normal;">The Company </font>applies<font style="font-size: 10pt;"> ASC 718-10, "Share-Based Payment,&#8221; which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors including employee stock options under the Company's stock plans based on estimated fair values. </font></font></p> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">ASC 718-10 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as expense over the requisite service periods in the Company's consolidated statement of operations.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The Company recognizes compensation expense for the value of non-employee awards, which have graded vesting, based on the accelerated attribution method over the requisite service period of each award, net of estimated forfeitures.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The Company recognizes compensation expense for the value of employee awards that have graded vesting, based on the straight-line method over the requisite service period of each of the awards, net of estimated forfeitures.</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The Company estimates the fair value of restricted shares based on the market price of the shares at the grant date and estimates the fair value of stock options granted using a Black-Scholes options pricing model. The option-pricing model requires a number of assumptions, of which the most significant are, expected stock price volatility and the expected option term (the time from the grant date until the options are exercised or expire). Expected volatility was calculated based upon actual historical stock price movements over the period, equal to the expected option term. The expected option term was calculated for options granted to employees and directors in accordance with SAB 107 and SAB 110, using the "simplified" method. Grants to non-employees are based on the contractual term. The Company has historically not paid dividends and has no foreseeable plans to issue dividends. The risk-free interest rate is based on the yield from U.S. Treasury zero-coupon bonds with an equivalent term. </font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times">K.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Basic and diluted net loss per share:</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">Basic net loss per share is computed based on the weighted average number of shares outstanding during each year. Diluted net loss per share is computed based on the weighted average number of shares outstanding during each year, plus the dilutive potential of the Common Stock considered outstanding during the year, in accordance with ASC 260-10, "Earnings per Share".</font></p> <p style="text-align: justify; text-indent: -56.7pt; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">All outstanding stock options and warrants have been excluded from the calculation of the diluted loss per share for the year ended December 31, 2012 and December 31, 2011, since all such securities have an anti-dilutive effect.</font></p> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="text-align: justify; vertical-align: top;"> <td style="text-align: left; width: 28.35pt;"><font size="2" style="font-family:times new roman,times"><b>M</b>.</font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times"><b>Income taxes:</b></font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The Company and BCT accounts for income taxes utilizing the asset and liability method in accordance with ASC 740, &#8220;Income Taxes&#8221;. Current tax liabilities are recognized for the estimated taxes payable on tax returns for the current year. Deferred tax liabilities or assets are recognized for the estimated future tax effects attributable to temporary differences between the income tax bases of assets and liabilities and their reported amounts in the financial statements, and for tax loss carry forwards. Measurement of current and deferred tax liabilities and assets is based on provisions of enacted tax laws, and deferred tax assets are reduced, if necessary, by the amount of tax benefits, the realization of which is not considered more likely than not based on available evidence.</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">ASC 740-10 requires a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount which is more than 50% likely of being realized upon ultimate settlement.</font></p> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;"><font size="2" style="font-family:times new roman,times"><b>I.</b></font></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times"><b>Fair value of financial instruments:</b></font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><font style="font-size: 10pt; font-weight: normal;">The carrying values of cash and cash equivalents,</font> <font style="font-weight: normal;">deposits</font>,<font style="font-size: 10pt; font-weight: normal;"> accounts receivable and prepaid expenses, trade payables and other accounts payable approximate their fair value due to the short-term maturity of these instruments.</font></font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;" size="2">The annual depreciation rates are as follows:</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;" size="2">&#160;</font></p> <table align="center" style="width: 67%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left;"><font size="2">&#160;</font></td> <td style="padding-bottom: 1pt;"><font size="2">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center;" colspan="2"><font size="2">%</font></td> <td style="padding-bottom: 1pt;"><font size="2">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left;"><font size="2">&#160;</font></td> <td><font size="2">&#160;</font></td> <td style="text-align: center;" colspan="2"><font size="2">&#160;</font></td> <td><font size="2">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 67%;"><font size="2">Office furniture and equipment</font></td> <td style="width: 1%;"><font size="2">&#160;</font></td> <td style="text-align: left; width: 1%;"><font size="2">&#160;</font></td> <td style="text-align: right; width: 30%;"><font size="2">7</font></td> <td style="text-align: left; width: 1%;"><font size="2">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left;"><font size="2">Computer software and electronic equipment</font></td> <td><font size="2">&#160;</font></td> <td style="text-align: left;"><font size="2">&#160;</font></td> <td style="text-align: right;"><font size="2">33</font></td> <td style="text-align: left;"><font size="2">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left;"><font size="2">Laboratory equipment</font></td> <td><font size="2">&#160;</font></td> <td style="text-align: left;"><font size="2">&#160;</font></td> <td style="text-align: right;"><font size="2">15</font></td> <td style="text-align: left;"><font size="2">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left;"><font size="2">Leasehold improvements</font></td> <td><font size="2">&#160;</font></td> <td style="text-align: left;"><font size="2">&#160;</font></td> <td style="text-align: right;"><font size="2">Over the shorter of the lease term (including the option) or useful life</font></td> <td style="text-align: left;"></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">U.S. $ in thousands</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; width: 56%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Government institutions</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">108</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">76</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Grants receivable from the CSO</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">634</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">236</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">742</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">312</font></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">U.S. $ in thousands</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Cost:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.65pt; width: 56%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Office furniture and equipment</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">9</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">9</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Computer software and electronic equipment</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">120</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">106</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Laboratory equipment</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">437</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">361</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Leasehold improvements</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">690</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">690</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,256</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,166</font></td> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Accumulated depreciation:</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Office furniture and equipment</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">4</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">4</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Computer software and electronic equipment</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">106</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">103</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Laboratory equipment</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">306</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">252</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;&#160;Leasehold improvements</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">593</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">493</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,009</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">852</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 1pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Depreciated cost</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">247</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">314</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <div><font size="2" style="font-family:times new roman,times">Aggregate minimum rental commitments under non-cancelable leases as of December 31, 2012 are as follows:</font></div> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; font-weight: bold;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Period ending December 31, 2012</b></font></td> <td style="font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Facilities</b></font></td> <td style="font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Vehicles</b></font></td> <td style="font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2"><b>Total</b></font></td> <td style="font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-left: 5.4pt; width: 55%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">2013</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">119</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">7</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">126</font></td> <td style="width: 1%;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-left: 5.4pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">2014</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">120</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">-</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">120</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-left: 5.4pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">2015</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">120</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">-</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">120</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="padding-left: 5.4pt;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">2016</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">90</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">-</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">90</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="padding-left: 5.4pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.25pt double;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.25pt double; text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">449</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.25pt double;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.25pt double; text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">7</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.25pt double;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.25pt double; text-align: right;"><font style="font: 10pt times new roman, times, serif;; font-family:times new roman,times" size="2">456</font></td> <td><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;">A summary of the Company's option activity related to options to employees and directors, and related information is as follows:</font></p> <p style="text-align: justify; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"></p> <p style="text-align: left; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>&#160;</b></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="10">For the year ended <br />December 31, 2012</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Amount of options</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Weighted average exercise price</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">Aggregate intrinsic value</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;"></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: bold 10pt times new roman, times, serif;"> <p style="border-bottom: black 0.5pt solid; text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>$</b></p> </td> <td style="text-align: left; padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: bold 10pt times new roman, times, serif;"> <p style="border-bottom: black 0.5pt solid; text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>$</b></p> </td> <td style="text-align: left; padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; width: 46%; font-size: 10pt;">Outstanding at beginning of period</td> <td style="width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: right; width: 11%; font-size: 10pt;">4,938,821</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: right; width: 11%; font-size: 10pt;">0.168</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: right; width: 11%; font-size: 10pt;">&#160;</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;">Granted</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">981,666</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">0.164</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;">Exercised</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">(1,182,606</td> <td style="text-align: left; font-size: 10pt;">)</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">0.116</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;">Cancelled</td> <td style="font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">13,784</td> <td style="text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">0.067</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;">Outstanding at end of period</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">4,751,665</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">0.180</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">190,067</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: justify; padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;">Vested and expected-to-vest at end of period</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">3,848,610</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">0.18</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">153,944</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: justify; padding-left: 5.4pt; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The options outstanding as of December 31, 2012, have been separated into exercise prices, as follows:</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">Options outstanding as of</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">Weighted average remaining</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2"><font size="2" style="font-family:times new roman,times">Options exercisable as of</font></td> <td style="font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">contractual</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Exercise price</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Life</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Years</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: justify; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; width: 20%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.00005</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 5%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 19%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">499,998</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 5%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 19%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">7.95</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 5%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 19%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">444,443</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.067</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">116,668</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">6.50</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">116,668</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.15</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">2,144,999</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">7.33</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,838,332</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.18</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">670,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">7.47</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">528,333</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.2</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">520,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">8.51</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">357,500</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.26</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">355,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">9.59</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">118,333</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.32</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">30,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">7.12</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">30,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.39</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">115,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">4.50</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">115,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.4</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">110,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">3.47</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">110,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.47</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">110,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">4.22</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">110,000</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.75</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">80,000</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">2.18</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">80,000</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">4,751,665</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">6.26</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">3,848,609</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">The fair value of the options is estimated at the date of grant using a Black-Scholes options pricing model with the following assumptions used in the calculation:</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Year ended December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: bold 10pt times new roman, times, serif;"> <p style="border-bottom: black 0.5pt solid; text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>2 0 1 2</b></font></p> </td> <td style="text-align: left; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font: bold 10pt times new roman, times, serif;"> <p style="border-bottom: black 0.5pt solid; text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>2 0 1 1</b></font></p> </td> <td style="text-align: left; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; width: 56%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Expected volatility</font></td> <td style="width: 1%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">132</font></td> <td style="text-align: left; width: 1%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">%</font></td> <td style="width: 1%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; color: black; font-size: 10pt;"><font style="color: black;; font-family:times new roman,times" size="2">134%-141%</font></td> <td style="text-align: left; width: 1%; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Risk-free interest</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.63</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">%</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font style="color: black;; font-family:times new roman,times" size="2">0.93%-2.93%</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Dividend yield</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">%</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">%</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Expected life of up to (years)</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">5.5</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font style="color: black;; font-family:times new roman,times" size="2">5-6</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Forfeiture rate</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">%</font></td> <td style="color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; color: black; font-size: 10pt;"><font style="color: black;; font-family:times new roman,times" size="2">0%-10%</font></td> <td style="text-align: left; color: black; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <table style="margin-top: 0pt; width: 100%; font: 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;"></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times"><b>Warrants to investors and service providers and investors: </b></font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"><b>&#160;</b></font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">Issuance date</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Number of warrants issued</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Exercised</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Forfeited</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Outstanding</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Exercise Price $</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Warrants exercisable</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: bold 8pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Exercisable through</font></td> <td style="padding-bottom: 1pt; font: bold 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; width: 30%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">November-December2004</font></td> <td style="width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 6%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">14,600,845</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 2%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 6%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">14,396,010</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 6%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">204,835</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 6%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font-size: 8pt;"><font style="font-size: 8pt;; font-family:times new roman,times" size="2">0.00005 - 0.01</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 6%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 8%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; width: 1%; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February-December2005</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">3,058,471</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">173,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">2,548,308</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">337,163</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font style="font-size: 8pt;; font-family:times new roman,times" size="2">0.15 - 2.5 </font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">337,163</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Jun - Dec 2015</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February-December2006</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">1,686,355</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">727,696</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">478,659</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">480,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font style="font-size: 8pt;; font-family:times new roman,times" size="2">0.005 &#8211; 1.5</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">480,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Feb - May 2016</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">March 2007</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">14,803,300</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">1,003,300</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">13,800,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font style="font-size: 8pt;; font-family:times new roman,times" size="2">0.15 - 0.47</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">13,800,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Nov 2013 &#8211; Oct 2017</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">April 2008</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">9,175,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">9,175,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font style="font-size: 8pt;; font-family:times new roman,times" size="2">0.15 - 0.29</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">9,175,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Nov 2013 &#8211; Sep 2018</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Apr-Oct2009</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">4,937,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">100,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">4,837,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font style="font-size: 8pt;; font-family:times new roman,times" size="2">0.067 &#8211; 0.29</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">4,837,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Nov 2013 &#8211; Oct 2019</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">January 2010</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">1,250,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">1,250,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.5</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February 2010</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">125,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">125,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.01</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February 2010</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">3,000,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">3,000,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.5</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February 2010</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">1,500,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">1,500,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">500,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Feb 2020</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">April 2010</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.00005</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Apr 2020</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">January 2011</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">4,537,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">4,537,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.29</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">4,537,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Nov 2013</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February 2011</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">641,026</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">641,026</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.39</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February 2011</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">6,407,500</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">946,834</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">5,460,666</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.28</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">February 2011</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">12,815,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">12,815,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.5</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">12,815,000</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Feb 2013</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">April 2011</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.01</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Apr 2021</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">April 2012</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">33,334</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.01</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">22,223</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Apr 2022</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">July 2012</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">493,966</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">493,966</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.348</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">493,966</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Jul 2014</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">July 2012</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">232,758</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">232,758</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.29</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">232,758</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Jan 2015</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">July 2012</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">14,864,228</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">14,864,228</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">0.29</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">14,864,228</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">Jan 2015</font></td> <td style="text-align: left; padding-bottom: 1pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; font-size: 8pt; vertical-align: bottom;"> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; font-size: 8pt; vertical-align: bottom;"> <td style="padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">94,228,451</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">16,468,540</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">14,586,794</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">63,173,117</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">62,162,006</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 8pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font-size: 8pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">A summary of the Company's stock awards activity related to shares issued to service providers and related information is as follows:</font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Year ended </font><br /><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Year ended </font><br /><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">2 0 1 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Amount of shares</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Weighted average issue price</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Amount of shares</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">Weighted average issue price</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: center; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">$</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; text-indent: -5.65pt; padding-left: 5.65pt; width: 40%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Outstanding at beginning of period</font></td> <td style="width: 3%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">11,001,378</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.27</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 3%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">9,735,508</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 10%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.25</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; text-indent: -5.65pt; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Issued</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">794,423</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.26</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,265,870</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.41</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; text-indent: -5.65pt; padding-left: 5.65pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Outstanding at end of period</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">11,795,801</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.27</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">11,001,378</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">0.27</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">The total stock-based compensation expense, related to shares, options and warrants granted to employees and service providers, was comprised, at each period, as follows: </font></p> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 141.75pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Year ended</font><br /><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"> <p style="margin-top: 0px; margin-bottom: 0px;"><font size="2" style="font-family:times new roman,times">Period from September 22, 2000 (inception date) through</font></p> <p style="margin-top: 0px; margin-bottom: 0px;"><font size="2" style="font-family:times new roman,times">December 31,</font></p> </td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="10"><font size="2" style="font-family:times new roman,times">U.S. $ in thousands</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 50%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Research and development</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">210</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">316</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 11%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">17,766</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">General and administrative</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">545</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">1,075</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">10,658</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Financial expenses, net</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">192</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">248</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -5.65pt; padding-left: 0.25in; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Total stock-based compensation expense</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">755</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">1,584</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">28,672</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"></td> </tr> </table> <div>&#160;</div> <table style="width: 90%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6">Year ended<br />December 31,</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"> <p style="margin-top: 0px; margin-bottom: 0px;">Period from September 22, 2000 (inception date) through</p> <p style="margin-top: 0px; margin-bottom: 0px;">December 31,</p> </td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2 0 1 2</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2 0 1 1</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2">2 0 1 2</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="10">U.S. $ in thousands</td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;" colspan="2">&#160;</td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; width: 50%; font-size: 10pt;">Research and development</td> <td style="width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: right; width: 11%; font-size: 10pt;">2,688</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: right; width: 11%; font-size: 10pt;">2,077</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> <td style="text-align: right; width: 11%; font-size: 10pt;">29,521</td> <td style="text-align: left; width: 1%; font-size: 10pt;">&#160;</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;">Less : Ramot reverse accruals (See Note 3)</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">-</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">-</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">(760</td> <td style="text-align: left; font-size: 10pt;">)</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Less : Participation by the Israeli Office of the Chief Scientist</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(918</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(388</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;">(2,572</td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;">)</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,770</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">1,689</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;">&#160;</td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;">26,189</td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;">&#160;</td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> <td style="text-align: right; font-size: 10pt;">&#160;</td> <td style="text-align: left; font-size: 10pt;">&#160;</td> </tr> </table> <div><font size="2" style="font-family:times new roman,times">Significant components of the Company's deferred tax assets are as follows:</font></div> <p style="text-align: justify; text-indent: 0in; margin: 0pt 0px 0pt 85.05pt; font: 10pt times new roman, times, serif;"><font style="font-weight: normal;; font-family:times new roman,times" size="2">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">U.S. $ in thousands</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt; width: 56%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Operating loss carryforward</font></td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; width: 12%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">22,067</font></td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; width: 12%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">19,704</font></td> <td style="text-align: left; padding-bottom: 1pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Net deferred tax asset before valuation allowance</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">8,340</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">7,467</font></td> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Valuation allowance</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(8,340</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(7,467</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Net deferred tax asset</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">-</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> <table style="margin-top: 0pt; width: 100%; font: bold 10pt times new roman, times, serif; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: top;"> <td style="width: 28.35pt;"></td> <td style="text-align: justify;"><font size="2" style="font-family:times new roman,times">Loss from continuing operations, before taxes on income, consists of the following:</font></td> </tr> </table> <p style="text-align: justify; text-indent: -28.35pt; margin: 0pt 0px 0pt 113.4pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></p> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Year ended December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">U.S. $ in thousands</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; text-indent: -11.35pt; padding-left: 11.35pt; width: 56%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">United States</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(1,197</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; width: 12%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">(1,886</font></td> <td style="text-align: left; width: 1%; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -11.35pt; padding-left: 11.35pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">Israel</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(2,233</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(2,032</font></td> <td style="text-align: left; padding-bottom: 1pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -11.35pt; padding-left: 11.35pt; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(3,430</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> <td style="padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">(3,918</font></td> <td style="text-align: left; padding-bottom: 2.5pt; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">)</font></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; font: 10pt times new roman, times, serif;" border="0" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">Year ended December 31,</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 2</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="2"><font size="2" style="font-family:times new roman,times">2 0 1 1</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 1pt solid; text-align: center; font: bold 10pt times new roman, times, serif;" colspan="6"><font size="2" style="font-family:times new roman,times">U.S. $ in thousands</font></td> <td style="padding-bottom: 1pt; font: bold 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="text-align: right; font-size: 10pt;" colspan="2"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="font-size: 10pt;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> <tr style="background-color: #ccffcc; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -28.35pt; padding-left: 28.35pt; width: 56%; font-size: 10pt; font-weight: bold;"><font size="2" style="font-family:times new roman,times"><b>A.</b><font style="font-style: normal; font-weight: normal;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;Fees and related benefits and compensation expenses in respect of options granted to a member of the Board who is a related party</font></font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 12%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">239</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: left; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> <td style="border-bottom: black 2.5pt double; text-align: right; width: 12%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">173</font></td> <td style="text-align: left; padding-bottom: 2.5pt; width: 1%; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times">&#160;</font></td> </tr> </table> 6880000 0.33 0.15 0.07 400000 5000 1120000 185 days 167530 "Company shall pay to Ramot the difference between the proceeds that Ramot has received from sales of the shares up to such date together with the September Payment (if any) that has been transferred to Ramot up to such date, and $240." 35000 235000 1140000 760000 51000 32000 240000 380000 2004-07-08 6000 6000 1097215 10083333 20166667 3000000 1000000 1000000 1000000 641026 19222500 12815000 6407500 1500000 14864228 833334 0.01 P7Y 1100000000 487000 400000 623077 57000 1166000 9000 690000 106000 361000 1256000 120000 9000 437000 690000 852000 4000 493000 103000 252000 1009000 106000 4000 306000 593000 153000 157000 126000 119000 7000 120000 120000 0 120000 120000 0 456000 449000 7000 November, 2012 60 months monthly 111000 10000 35000000 106000 672000 0.03 The grant is linked to the exchange rate of the dollar and bears interest of Libor per annum. 533000 2011-06-01 32000 773000 65000 Chapman, Spira &amp; Carson, LLC 400000 250000 0.30 125000 45000 4938821 4751665 116668 2144999 30000 355000 520000 110000 80000 115000 670000 499998 110000 1000000 800000 400000 981666 1500000 14803300 12815000 33334 14600845 232758 1686355 14864228 125000 1250000 3058471 33334 3000000 4537500 6407500 9175000 4937500 493966 33334 641026 5460666 13784 0 1003300 0 0 204835 0 478659 0 0 1250000 2548308 0 3000000 0 5460666 0 0 0 0 641026 3848610 0.168 0.180 0.067 0.15 0.32 0.26 0.2 0.4 0.75 0.39 0.18 0.00005 0.47 0.164 0.116 0.067 0.18 190067 153944 P6Y3M3D P6Y6M P7Y3M29D P7Y1M13D P9Y7M2D P8Y6M3D P3Y5M19D P2Y2M5D P4Y6M P7Y5M19D P7Y11M12D P4Y2M19D 3848609 500000 116668 13800000 1838332 12815000 33334 0 30000 118333 232758 480000 14864228 0 0 337163 357500 33334 110000 0 80000 115000 4537500 0 528333 444443 9175000 4837500 493966 22223 110000 0 1.34 1.41 0.0093 0.0293 0.00 0.00 P6Y P5Y P5Y6M 0.10 0.00 0.00 4837500 1500000 13800000 12815000 33334 0 232758 480000 14864228 0 0 337163 33334 0 4537500 0 9175000 4837500 493966 33334 0 2.5 1 0.20 0.29 0.01 0.5 0.5 0.39 0.5 0.28 0.001 0.29 0.5 0.00005 0 0.15 0.067 0.5 0.00005 0.50 0.29 0.29 0.01 0.15 0.5 0.29 0.47 0.01 0.15 0.5 0.01 0.005 0.29 0.28 2.5 0.348 0.01 1.5 0.29 0.39 Nov 2013 - Oct 2019 Feb 2020 Nov 2013 - Oct 2017 Feb 2013 Apr 2020 - Jan 2015 Feb - May 2016 Jan 2015 - - Jun - Dec 2015 Apr 2021 - Nov 2013 - Nov 2013 - Sep 2018 Nov 2013 - Oct 2019 Jul 2014 Apr-2022 - 94228451 16468540 14586794 63173117 62162006 9735508 11001378 11795801 80000 90000 1800000 150000 3045508 60000 50000 200000 1100000 10870 180000 400000 1265870 794423 216000 216000 0.25 0.27 0.27 0.41 0.26 1075000 316000 1584000 192000 545000 210000 755000 0 10658000 28672000 17766000 248000 5000000 5000000 9000000 9143462 1250000 1894808 1250000 312500 187500 105000 0.8 3 Years 2000 198000 737000 68000 400000 51000 758000 12000 80000 40000 78000 177000 112000 177000 229000 5000 86000 287000 30000 26000 140000 70000 70000 126000 198000 48000 0.3 0.29 0.30 5000000 3600000 3 years 10 years 2 year 1 Year 2 Years 1 year 0.75 0.15 0.15 0.87 0.15 0.067 0.067 0.15 0.00005 0.00005 0.15 0.20 0.20 0.00005 0.00005 0.15 0.2 32 0.00005 0.00005 0.29 0.29 1000000 200000 166666 33334 450000 450000 166666 33334 634999 70000 500000 250000 125000 125000 125000 125000 166666 33334 4000000 2000000 1000000 1097215 1.40 0.0314 0.0239 0.00 P5Y6M P5Y P1Y P9Y 26000 12 months 0.00005 0.00005 180000 217000 35000 36000 150000 135000 0.08 0.04 189000 1120000 1016109 402385 445617 0.10 0.04 0.06 512600 231000 2014-11-25 2015-03-28 66667 483333 15000 15000 67000 144000 60000 192000 24000 54000 P3Y P3Y monthly 8333 885000 0.10 22000 270000 2013-11-05 P10Y P10Y P10Y 2077000 2688000 29521000 0 0 760000 388000 918000 2572000 19704000 22067000 7467000 8340000 7467000 8340000 0 0 -1886000 -1197000 -2032000 -2233000 -3918000 -3430000 0.25 0.25 0.24 0.06 0.12 0.10 0.15 0.07 0.1250 8340000 22067000 P20Y 173000 239000 3000 3000 90000 90000 0 80000 0.33 0.3333 2013-01-24 2013-02-07 2013-02-04 2013-01-16 250000 1.32 0.0063 0.75 Out of the which, cash flows used in discontinued operating activities of $36, cash flows used in discontinued investing activities of $16 and cash flows provided in discontinued financing activities of $57, relating to the period from inception to March 31, 2004, is unaudited. Out of which, $163, relating to the period from inception to March 31 2004, is unaudited. Represents an amount less than $1. Over the shorter of the lease term (including the option) or useful life 137000 108000 634000 76000 236000 794423 1265870 2013-01-24 0.06 0.01 1000000 493966 0.03 0.348 1.20 0001137883bcli:LeaderUnderwriters1993LtdMember2012-07-012012-07-17 232758 0.29 30 month 4900000 0001137883bcli:EnrollmentOfOneThirdOfPatientsMember2011-01-012011-12-31 0001137883bcli:EnrollmentOfAllPatientsMember2011-01-012011-12-31 0001137883bcli:CompletionOfStudyMember2011-01-012011-12-31 500000 500000 500000 0.25 0.10 P36M P36M P32M 16000 0 0 0 0.1818 0001137883bcli:FormerChiefExecutiveOfficerMember2008-11-012008-11-30 0001137883bcli:FormerChiefExecutiveOfficerMember2007-10-012007-10-31 0001137883bcli:MrIsraeliMember2012-01-012012-12-31 0001137883us-gaap:DirectorMember2012-08-012012-08-30 460000 0.15 105000 0001137883us-gaap:ChiefExecutiveOfficerMember2012-08-012012-08-31 70000 0.26 16000 150000 32000 516667 4000 0 0 00011378832013-03-08 0 0 0 0 0 0 1250000 483333