SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Summary of Stock Option Activity

 The following is a summary of the Company's stock options transactions in 2015:

 

    Amount    

Weighted

average

exercise

price

    

Weighted average

remaining contractual life

     Aggregate intrinsic value *)  
                         
Options outstanding at beginning of year     66,667     $ 0.97       1.6     $ -  
Granted     2,290,667     $ 1.01       8.5     $ -  
Forfeited     -       -       -       -  
                                 
Options outstanding at end of year     2,357,334     $ 1.01       8.3       -  
                                 
Vested and expected to vest at end of year     2,273,934     $ 1.01       8.3     $ -  
                                 
Options exercisable at end of year     689,334     $ 1.01       7.2     $ -  

 

     *) All options were out of the money as of December 31, 2015 and 2014 and their intrinsic value was considered as zero.
Summary of Restricted Share Activity

The following table summarizes information relating to restricted shares, as well as changes to such awards during 2013, 2014 and 2015:

 

   

Year ended

December 31,

  
    2013     2014     2015  
                   
Outstanding at beginning of year     131,459       19,579       -  
Granted     -       -       -  
Vested     (111,880 )     (19,579 )     -  
                         
Outstanding as of December 31,     19,579       -       -