EZTD (EZTD) 10-Q 17 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 17, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	EZTD Inc
Entity Central Index Key	1,175,442
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,181,948

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
CURRENT ASSETS:
Segregated client cash accounts	$ 3,115	$ 1,501
Restricted cash	112	42
Receivable from credit card companies	868	1,874
Other current assets	629	856
Total current assets	4,724	4,273
NON-CURRENT ASSETS:
Property and equipment, net	958	795
Intangible assets, net	2,533	1,974
Total non-current assets	3,491	2,769
Total assets	8,215	7,042
LIABILITIES AND EQUITY CURRENT LIABILITIES:
Short term bank credit	1,998
Short term loan		594
Obligation to customers	2,390	3,922
Financial liabilities	1,902	109
Convertible loans	4,927	4,943
Accounts payable	1,851	1,235
Accrued expenses and other accounts payable	4,279	1,909
Total current liabilities	17,347	12,712
LONG TERM LIABILITIES:
Accrued severance pay, net	318	230
Total liabilities	17,665	12,942
EQUITY (DEFICIT):
Common stock of $0.03 par value: Authorized: 10,000,000 shares at September 30, 2016 and December 31, 2015; Issued and outstanding: 5,181,948 shares at September 30, 2016 and 3,863,260 shares at December 31, 2015	155	116
Prepayment on account of shares	52
Additional paid-in capital	42,760	34,875
Accumulated deficit	(52,417)	(40,891)
Equity (deficit)	(9,450)	(5,900)
Total liabilities and equity	$ 8,215	$ 7,042

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value per share	$ 0.03	$ 0.03
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	5,181,948	3,863,260
Common stock, shares outstanding	5,181,948	3,863,260

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Revenues	$ 4,545	$ 6,947	$ 16,509	$ 19,492
Operating expenses:
Sales and marketing	4,625	5,601	16,261	15,132
General and administrative	2,264	1,362	6,500	3,202
Research and development	591	477	1,531	1,361
Stock-based compensation	192	369	761	1,279
Expenses related to legal settlement			1,500
Total operating expenses	7,672	7,809	26,553	20,974
Operating loss	(3,127)	(862)	(10,044)	(1,482)
Financial expenses, net	93	312	1,483	2,229
Net loss before taxes on income	(3,220)	(1,174)	(11,527)	(3,711)
Taxes on income
Net loss attributable to the Company	$ (3,220)	$ (1,174)	$ (11,527)	$ (3,711)
Total basic net loss per share	$ (0.64)	$ (0.36)	$ (2.49)	$ (1.16)
Weighted average number of shares of common stock used in computing basic net loss per share	5,018,902	3,277,050	4,627,124	3,203,391

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net loss	$ (11,527)	$ (3,711)
Adjustments required to reconcile net loss to net cash used in operating activities:
Stock-based compensation	761	1,279
Depreciation and amortization	1,127	325
Fair value of warrants granted	33	1,279
Accrued interest and amortization of discount and exchange differences of loans	67	(146)
Decrease in receivables from credit card companies	1,006	425
Decrease (Increase) in other current assets	227	(788)
Increase (Decrease)in accounts payable	616	(69)
Increase (decrease) in obligation to customers and other payables	824	(232)
Increase in financial liabilities	1,793	497
Increase in severance pay, net	88	99
Increase (decrease) in related parties payables	14	(81)
Net cash used in operating activities	(4,971)	(1,123)
Cash flows from investing activities:
Purchase of property and equipment	(1,849)	(1,129)
Decrease (Increase) in segregated client cash accounts	(1,614)	379
Acquisition of license in Japan		(400)
Increase in restricted cash	(71)	1
Net cash used in investing activities	(3,534)	(1,149)
Cash flows from financing activities:
Issuance of shares and warrants	6,349	798
Short term bank credit	1,998
Prepayment on account of shares	52	882
Proceeds received from convertible loans	684	1,000
Repayment of short-term loan	(578)
Repayment of convertible loans		(408)
Net cash provided by financing activities	8,505	2,272
Decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
Supplemental disclosure of cash flows information:
Interest paid	271	256
Conversion of convertible loan to shares	$ 783	$ 364

General

General	9 Months Ended
	Sep. 30, 2016
General [Abstract]
GENERAL	NOTE 1: GENERAL: A. EZTD Inc. (“the Company”) was incorporated in April 2002 under the laws of the State of Nevada. On June 3, 2015, the Company reincorporated in Delaware. The Company is engaged in the business of offering online trading of binary options and forex, enabling trading on contracts for differences in shares, indices, commodities and foreign exchanges. The Company’s shares were quoted on the OTCQB Marketplace in the United States under the symbol “EZTD” from 2010 until August 2013, when the Company terminated its registration under the Securities Exchange Act of 1934, as amended, and as a result the Company’s shares were quoted on the OTC Pink. The Company filed with the Securities and Exchange Commission (“SEC”) a Form 10, which became effective on August 31, 2015 and on October 30, 2015 the Company was officially quoted again on the OTCQB Marketplace. On December 30, 2015, the Company upgraded to be officially quoted in the OTCQX Marketplace. The Company conducts its operations and business with and through its active wholly-owned subsidiaries, (a) Win Global Markets Inc. (Israel) Ltd., an Israeli company, (b) WGM Services Ltd., a company registered in Cyprus (“WGM”), (c) EZ Invest Securities Ltd., a Japanese corporation, (d) SCGP Investments Limited, a Belizean company, (e) EZTD Australia PTY Ltd., an Australian company, and (f) EZ Trader, Ltd, a company registered in Vanuatu. On January 26, 2015, the Company changed its name from EZ Trader, Inc. to EZTD Inc. B. The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has suffered losses from operations and negative cash flows from operations since inception. For the nine months ended September 30, 2016, the net loss attributable to the Company was $11.5 million and the negative cash flows from operations were $4.9 million. As of September 30, 2016, the Company’s obligations to customers amounted to $2.39 million, while current assets were $4.7 million. Customers may withdraw their deposits upon demand. According to regulatory requirements in Cyprus, WGM is required to maintain capital of at least €730 thousand and have funds exceeding client obligations. Funds consist of cash, segregated client cash accounts, restricted cash and receivables from credit card companies. Despite its negative cash flows, the Company has been able to secure financing to support its operations to date based on share issuances and loans. The Company plans to seek additional funds from equity issuances in order to continue its operations and to leverage its binary options business. Although there is a substantial doubt that the Company will continue as a going concern, the consolidated financial statements do not include any adjustments that may result from the outcome of this uncertainty.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company. Operating results for the nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. The interim condensed consolidated financial statements incorporate the financial statements of the Company and all of its subsidiaries. All intercompany balances and transactions have been eliminated on consolidation. Use of Estimates The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. Principles of Consolidation The consolidated financial statements comprise the results and position of the Company and its subsidiaries. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its operating activities. In assessing control, legal and contractual rights are taken into account. The consolidated financial statements of subsidiaries are included in the consolidated financial statements from the date that control is achieved until the date that control ceases. Intercompany transactions and balances are eliminated upon consolidation. Reclassifications Clearance expenses in the comparative figures have been reclassified from sales and marketing expenses to finance expenses to conform to the current presentation. Following the Company's reverse stock split, described in note 6, the comparative loss per share for the period of nine and three months ended September 30, 2015 was amended from $(0.04) to $(1.16), and from $(0.01) to $(0.36), respectively. Recently Issued Accounting Pronouncements: In March 2016, the Financial Accounting Standard Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2016-09, “Improvements to Employee Share-Based Payment Accounting”, which revises the guidance in ASC 718, “Compensation - Stock Compensation”, and will change how companies account for certain aspects of share-based payments to employees, including the income tax impact, classification on the statement of cash flows and forfeitures. The guidance is effective for reporting periods (interim and annual) beginning after December 15, 2017, for public companies. Early adoption is permitted. The Company is currently assessing the potential impact of this ASU on its consolidated financial position and results of operations. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”, which establishes the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. This guidance results in a more faithful representation of the rights and obligations arising from operating and capital leases by requiring lessees to recognize the lease assets and lease liabilities that arise from leases in the statement of financial position and to disclose qualitative and quantitative information about lease transactions, such as information about variable lease payments and options to renew and terminate leases. This guidance is effective prospectively for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. The new guidance must be adopted using a modified retrospective approach. The Company is currently assessing the impact of this guidance. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments – Overall (Subtopic 825-10)” (“ASU 2016-01”), which updates certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU 2016-01 will be effective for the Company beginning in its first quarter of 2019. The Company is currently assessing the potential impact of this ASU on its consolidated financial position and results of operations. In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial statements - Going concern (subtopic 205-40), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern”. The new standard provides guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and about related footnote disclosures. For each reporting period, management will be required to evaluate whether there are conditions or events that raise substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued. ASU 2014-15 applies prospectively to annual periods ending after December 15, 2016, and to annual periods thereafter. Early application is permitted. The Company is currently evaluating the impact of the adoption of ASU 2014-15 on its consolidated financial statements.

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 30, 2016
Fair Value Measurement [Abstract]
FAIR VALUE MEASUREMENT	NOTE 3 - FAIR VALUE MEASUREMENT: The Company measures fair value and discloses fair value measurements for financial and non-financial assets and liabilities. Fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The accounting standard establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below: Level 1 Level 2 Level 3 In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible and considers counterparty credit risk in its assessment of fair value. Items carried at fair value as of September 30, 2016 and December 31, 2015 are classified in the table below in one of the three categories described above. Fair value measurements using input type September 30, U.S. Dollars (in thousands) Level 1 Level 2 Level 3 Total Segregated client cash accounts 3,115 - - 3,115 Restricted cash 112 - - 112 Financial liabilities - Forex - (1,640 ) - (1,640 ) Financial liabilities - Binary - - (262 ) (262 ) 3,227 (1,640 ) (262 ) 1,325 The Company measures changes in the fair value of “long term options” (classified as financial liabilities) through profit or loss using valuation techniques. Total gain for the period recognized in earnings amounted to $1,853 thousand and total unrealized gain related to those financial liabilities at the end of the period recognized in earnings amounted to $392 thousand. All instruments were issued during the period and no transfers took place into or out of Level 3 during the period. The following table summarizes the Level 3 roll-forward: Financial liabilities - Binary as of Net realized / unrealized gain Issuance Transfers Settlements (realized gain) Financial liabilities - Binary as of Unrealized gain- still held U.S. Dollars (in thousands) Derivative options based on commodities (5 ) 93 (168 ) - 73 (13 ) 20 Derivative options based on exchange differences (23 ) 389 (706 ) - 307 (55 ) 82 Derivative options based on equity shares (81 ) 1,371 (2,487 ) - 1,081 (194 ) 290 Total (109 ) 1,853 (3,361 ) - 1,461 (262 ) 392 This fair value measurement of the derivatives in the table above is based on significant unobservable inputs (other than quoted prices in active markets that are observable for liability) and thus represent a Level 3 measurement within the fair value hierarchy. The key inputs used in measuring the fair value of financial liabilities depend upon the type of derivative and the nature of the underlying instrument, and include: risk-free interest rates, quoted foreign exchange rates, quoted market prices, contractual life of the derivative and expected volatility based on past experience. The Company’s financial liabilities are evaluated on a quarterly basis by the Company’s Finance Department based upon the Rubenstein and Reiner pricing model for cash-or-nothing options in determining fair value. These evaluations are independently reviewed on an annual basis by an independent third party. Any changes in fair value of financial liabilities are recorded in the consolidated statement of operations. Changes in fair value of financial liability are recorded in consolidated statement of operations. The measurement of financial liabilities classified within Level 3 of the fair value hierarchy is evaluated by the head of the Company’s risk department and the Company’s Chief Financial Officer. Measurements deemed necessary are reviewed by the Board of Directors. The following table summarizes the valuation techniques and inputs for Level 3 fair value measurements. Fair Weighted Liabilities value Methodology Input Average Derivative options based on $ (13 ) Cash or Nothing- option model Expected volatility 25 % commodities Risk-free interest rate 0.25 % Expected contractual life 0.13 Derivative options based on $ (55 ) Cash or Nothing- option model Expected volatility 15 % exchange differences Risk-free interest rate 0.25 % Expected contractual life 0.11 Derivative options based on $ (194 ) Cash or Nothing- option model Expected volatility 28 % equity shares Risk-free interest rate 0.25 % Expected contractual life 0.15 The following section describes the ranges of the most significant unobservable inputs used by the Company in Level 3 fair value measurements. The level of aggregation and the diversity of instruments held by the Company lead to a wide range of unobservable inputs that may not be evenly distributed across the Level 3 liabilities. Volatility generally depends on the tenor of the underlying instrument and the strike price or level defined in the contract. Volatilities for certain combinations of tenor and strike price are not observable. Generally, as the volatility increases in the long term positions the value of the derivative increases; the inverse is also true. Some instruments are more sensitive to changes in volatility than others. For example, an at-the-money option would experience a larger percentage change in its fair value than a deep-in-the-money option. In addition, the fair value of an option with more than one underlying security depends on the volatility of the individual underlying securities. Specific volatility inputs vary widely by asset type. For example, ranges for foreign exchange volatility are generally lower and narrower than equity volatility. Equity instruments (stock) volatilities are wider due to the nature of the stock market and the terms of certain exotic instruments. For most instruments, the interest rate volatility input is on the lower end of the range; however, for certain structured or exotic instruments (such as market-linked asset or exotic interest rate derivatives), the range is much wider. Volatility represents the speed and severity of market price changes and is a key factor in pricing options. Typically, instruments can become more expensive if volatility increases. For example, as an index becomes more volatile, the cost to maintaining a given level of exposure increases because more frequent rebalancing of the portfolio is required. Fair value measurements using input type December 31, U.S. Dollars (in thousands) Level 1 Level 2 Level 3 Total Segregated client cash accounts 1,501 - - 1,501 Restricted cash 42 - - 42 Financial liabilities - Binary - - (109 ) (109 ) 1,543 - (109 ) 1,434

Intangible Assets, Net

Intangible Assets, Net	9 Months Ended
	Sep. 30, 2016
Intangible Assets, Net [Abstract]
INTANGIBLE ASSETS, NET	NOTE 4 - INTANGIBLE ASSETS, NET: September 30, December 31, U.S. Dollars (in thousands) License 350 380 Software 2,183 1,594 2,533 1,974 The Company capitalizes costs associated with internal-use software development once a project has reached the application development stage. Such capitalized costs include external direct costs utilized in developing or obtaining the software. Capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose. The net book value of capitalized costs associated with internal-use software was $2.18 million as of September 30, 2016 and$1.59 million as of December 31, 2015. Once the internal-use software is ready for its intended use, the assets are depreciated on a straight-line basis over each asset’s estimated useful life, which is generally three years. During the quarter ended September 30, 2016, the Company reclassified the net book value of capitalized costs associated with internal-use software from property and equipment, net to intangible assets, net in the amount mentioned above. In addition, the Company identified and corrected an error in accounting for the costs of software developed for internal use regarding capitalization of some costs not in accordance with ASC 350-40-15, in the amount of $507 thousand. On the other hand, the Company recorded depreciation expenses in the amount of $243 thousand due to costs that were capitalized in accordance with the above ASC, but before the application development stage was finished. Therefore, the net effect is that the Company recorded, in its condensed consolidated statement of comprehensive income for the nine months ended September 30, 2016, additional depreciation expenses in the net amount of $265 thousand. The net effect on the Company's condensed consolidated statement of comprehensive income for the twelve months ended December 31, 2015 amounted to $350 thousand, which the Company evaluated and determined did not have an impact that was material to its results of operations, financial position or cash flows in previously issued financial statements.

Convertible Loans

Convertible Loans	9 Months Ended
	Sep. 30, 2016
Convertible Loans [Abstract]
CONVERTIBLE LOANS	NOTE 5 - CONVERTIBLE LOANS: A. On February 13 and 27, 2014, the Company entered into a Convertible Loan Agreement with some of its shareholders and new investors, in which it borrowed an aggregate amount of $2.8 million. The loans are convertible into a total of 265,451 (in fixed dollar conversion price and fixed Euro - Dollar currency exchange rate) common shares of the Company. Some of the loans are indexed to the Euro, and all of the loans bear interest at an annual rate of 10%. The Company shall repay the loan amount and the interest, in one lump sum, on the “Final Repayment Day”, which is 12 months after the applicable closing date or, if extended by the lender, 24 months from the applicable closing date. The Company recorded issuance costs of approximately $154 thousand, which are amortized using the effective rate of the loan over the loan period. As of September 30, 2016, all the deferred issuance costs were recorded in the Statements of Operations. In 2015, the Company repaid $408 thousand of the February 2014 loans and $364 thousand of the February 2014 loans were converted into 34,686 shares of common stock. The remaining $2 million in loans were extended for one additional year to be repaid with interest in February 2016, in consideration of the issuance of an additional 42,857 warrants at an exercise price of $10.50 per share. In April 2016, $500 thousand of the February 2014 loans were repaid. In March 2016, €364 thousand of the February 2014 loans were converted into 55,556 shares of common stock. In March 2016, the Company and one of the lenders under the Convertible Loan Agreement dated February 13, 2014 agreed to extend the payment date of $1 million, under the same terms until February 13, 2017 with a yearly interest rate of 5%. In addition, one of the lenders under the Convertible Loan Agreement dated February 27, 2014, elected to convert $500 thousand into 55,556 shares of common stock of the Company. On April 7, 2016, the Company repaid one of the February 2014 convertible loans plus interest in the amount of $590 thousand. As of September 30, 2016, the outstanding loan balance amounted to $1 million. The Company determined that the convertible loans do not fall within the scope of ASC 480-10. The embedded conversion feature and the extension clause should not be bifurcated in accordance with ASC 815. In addition, the Company followed ASC 470-20 to determine whether a beneficial conversion feature exists at loan inception and came to the conclusion that a beneficial conversion feature should not be recognized. B. On January 29, 2016, the Company entered into a convertible loan agreement pursuant to which the lender loaned the Company the principal amount of $1.436 million. The loan, which amount is indexed to the GBP, matures in January 2017, and bears an annual interest rate of 12%, to be paid together with the outstanding principal in one lump sum. The loan is convertible into 249,967 shares of common stock of the Company. As of September 30, 2016, the outstanding loan balance amounted to $1.305 million due to the decreased exchange rate of the GBP relative to the U.S. dollar. The Company determined that the convertible loans do not fall within the scope of ASC 480-10. The embedded conversion feature and the extension clause should not be bifurcated in accordance with ASC 815. In addition, the Company followed ASC 470-20 to determine whether a beneficial conversion feature exists at loan inception and came to the conclusion that a beneficial conversion feature should not be recognized.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2016
Contingencies [Abstract]
CONTINGENCIES	NOTE 6 CONTINGENCIES: A. On June 17, 2015, Feyenoord Rotterdam N.V. (“Feyenoord”) instituted an arbitration proceeding against the Company before the Netherlands Arbitration Institute in Rotterdam, the Netherlands. On April 6, 2016, the arbitral tribunal issued the award which stated that the agreement between the Company and Feyenoord was terminated and dissolved as of January 27, 2015, and both parties share responsibility for this termination. In view of this conclusion, a provision was included in the Company's condensed consolidated financial statements. The Company appealed to revert this decision on July 6, 2016. B. On January 11, 2016, the Company received a written “Wells Notice” from SEC staff (the “Staff”) indicating its preliminary determination to recommend that the SEC file an action against the Company for violations of certain federal securities laws primarily related to its binary options platform. A Wells Notice is neither a formal allegation of wrongdoing nor a finding that any violations of law have occurred. Rather, it provides the Company with an opportunity to respond to issues raised by the Staff and offer its perspective prior to any Commission decision to institute proceedings. On February 3, 2016, the Company submitted a written submission to the Staff setting forth reasons why the proposed enforcement should not be filed. See also note 8 below. C. The Company evaluates estimated losses for indemnifications due to product infringement under FASB Topic ASC 450, “Contingencies.” At this time, it is not possible to determine the maximum potential amount under these indemnification clauses due to lack of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Such indemnification agreements may not be subject to maximum loss clauses. Historically, the Company has not incurred material costs as a result of obligations under these agreements and has not accrued any liabilities related to such indemnification obligations in the Company’s financial statements.

Share Capital

Share Capital	9 Months Ended
	Sep. 30, 2016
Share Capital [Abstract]
SHARE CAPITAL	NOTE 7 - SHARE CAPITAL: A. On February 11, 2016, the Company’s Board of Directors and stockholders approved (1) an amendment to the Company’s Certificate of Incorporation to reduce the Company’s authorized Common Stock from 300,000,000 shares, with a par value of $0.001 per share, to 10,000,000 shares with a par value of $0.03 per share (the “Amendment”), and (2) a 1-for-30 reverse stock split of the Company’s issued and outstanding shares of Common Stock, such that each 30 shares of Common Stock held by stockholders of record on April 7, 2016 will be combined into one share of Common Stock, except to the extent that such actions result in any of the Company’s stockholders holding a fractional share of Common Stock (in which instance, because such stockholder’s number of shares is not evenly divisible by the 30:1 ratio, such stockholder will be automatically entitled to receive an additional fraction of a share of common stock to round up to the next whole share) (the “Reverse Stock Split”). On April 7, 2016, the Reverse Stock Split became effective. The number of shares options, warrants, per share data and exercise prices included in these financial statements for all periods presented have been retroactively restated to reflect the Reverse Stock Split. B. During the nine months ended September 30, 2016, the Company granted 86,000 options to employees in accordance with the terms and conditions of the Company’s 2004 Global Share Option Plan. C. On March 31, 2016, the Company entered into a securities purchase agreement with Compagnie Financiere St. Exupery Sicav-Sif, as purchaser, providing for the issuance and sale by the Company to the purchaser, in a private placement, of an aggregate of 1,000,000 shares of the Company’s common stock at a price of $6.00 per share, corresponding to an aggregate purchase price of $6 million, and a warrant to purchase up to an additional 888,889 shares of the Company’s common stock at an exercise price of $6.75 per share, which is exercisable 6 months after the closing. During the third quarter of 2016, several investors exercised 208,333 warrants into shares of common stock, for which the Company received $500 thousand in cash.

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2016
Related Parties [Abstract]
RELATED PARTIES	NOTE 8 - RELATED PARTIES: Transactions Nine months ended 2016 2015 U.S. Dollars (in thousands) Stock-based compensation 417 509 Management fees (1), salaries (2), and bonuses (3) 1,070 737 1,487 1,246 Balances September 30, December 31, 2016 2015 U.S. Dollars (in thousands) Accrued fees and bonuses (82 ) 33 (1) Management fees of $190 thousand and $190 thousand for the nine month periods ended September 30, 2016 and 2015, respectively, were paid to the Company’s Chief Executive Officer (“CEO”) for each of the nine month periods ended September 30, 2016 and 2015. (2) Salaries were paid to the Company’s CEO and Media Manager in the amounts of $86 thousand and $49 thousand, respectively, for the nine month period ended September 30, 2016. Salaries were paid to the Company’s CEO and Media Manager in the amounts of $106 thousand and $59 thousand, respectively, for the nine month period ended September 30, 2015. Fees of $218 thousand and $228 thousand were paid to the Company’s directors for the nine month periods ended September 30, 2016 and 2015, respectively. (3) Bonuses were paid to Company’s CEO in the amount of $230 thousand and $249 thousand for the nine month periods ended September 30, 2016 and 2015, respectively, pursuant to the terms of the consulting agreement by and between the Company and Citron Investments Ltd., dated as of September 23, 2008, as amended; bonuses were paid to the Company’s Media Manager in the amount of $297 thousand and $299 thousand for the nine month periods ended September 30, 2016 and 2015, respectively, pursuant to the terms of the consulting agreement by and between the Company and Yariv Citron Marketing Ltd. dated as of October 1, 2014.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9 - SUBSEQUENT EVENTS: The Company entered into a convertible loan agreement with Finandrea S.P.A., as lender, dated as of October 10, 2016, pursuant to which the lender loaned the Company the principal amount of $1.1 million. The loan matures in October 2017, and bears an annual interest rate of 8%, to be paid together with the outstanding principal in one lump sum. The loan is convertible into 160,025 shares of common stock of the Company. In addition the Company issued to one of its investors 16,667 warrants at an exercise price of $6.00 per share, to expire 5 years from the date of issuance. On October 27, 2016, the Company entered into a Subscription Agreement dated as of October 19, 2016 (the “Subscription Agreement”) with WinnerOption Ltd., a company organized and existing under the laws of the State of Israel (“WinnerOption”), providing for the issuance and sale by WinnerOption to the Company, in a private placement, of an aggregate of 4,996 Ordinary Shares of WinnerOption stock, or approximately 19.99% of WinnerOption’s outstanding Ordinary Shares (collectively, the “Shares”) valued at approximately $1,000,000, in exchange for the Company’s contribution of: (i) certain of its intellectual property relating to social gaming technology, and (ii) payment of $276,000 in cash to WinnerOption at such times after the date of the Subscription Agreement as determined by the Company in consultation with WinnerOption. As a result of its acquisition of the Shares, the Company is subject to the terms of the Shareholders Agreement of WinnerOption (the “Shareholders Agreement”), which includes customary terms and provisions governing the Company’s ownership of the Shares, including restrictions on transferability of the Shares. The Shareholders Agreement also entitles the Company to designate one out of the four directors to serve on WinnerOption’s board of directors. Shimon Citron, the Company’s CEO, is the current controlling shareholder and a director of WinnerOption. The terms of the transaction between the Company and WinnerOption were approved by a Special Committee of the Company’s Board of Directors of which Mr. Citron was not a member. The net book value of capitalized costs of as of September 30, 2016 and as of December 31, 2015 are $327,000 and $248,000, respectively. On February 3, 2016, with respect to the matter described in Note 5.B., the Company submitted a written submission to the Staff setting forth reasons why the proposed enforcement should not be filed. Subsequently, the Company determined to make an offer of settlement, without an admission or denial of liability, and that offer was accepted by the SEC on November 10, 2016. On that same date, and in connection with the settlement, an Administrative Court of the SEC issued an order (the “Order”) that the binary options sold by the Company to U.S. customers between 2011 and 2014, and that the Company’s failure to register its binary options or register as a broker-dealer, were violations of U.S. securities laws. The Order also provided that certain disclosures to the Company’s customers regarding the binary option platform were inadequate. The Order did not contain any findings of fraud. The Wells Notice, settlement offer and Order do not relate to the current business operations of the Company. EZTD had closed its platform to new U.S. customers in January of 2014, and by the end of the third quarter of 2014, the Company had prohibited existing U.S. customers from making additional deposits to their accounts. Accordingly, the SEC proceedings concerned only historical business operations. The Order censures the Company, and requires that it cease and desist from committing or causing any violations and any future violations of Section 10(a)(1) of the Exchange Act and Sections 5(a), 5(c) and 17(a)(2) of the Securities Act of 1933, as amended. The Order further requires that the Company pay disgorgement fees of $1,515,858 reflecting revenues earned during the period in which the Company operated its binary option platform in the United States, together with prejudgment interest of $57,691 and a civil monetary penalty in the amount of $200,000 to the SEC, in twelve monthly installments, within one year from the Order Date. The Company will make its first payment of $147,796 by November 20, 2016, and starting the second month after the Order Date, the Company will pay the remaining eleven monthly installments of $147,796 on the last date of each month. A proper provision was previously included in the Company's condensed consolidated financial statements.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies [Abstract]
Basis of presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company. Operating results for the nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. The interim condensed consolidated financial statements incorporate the financial statements of the Company and all of its subsidiaries. All intercompany balances and transactions have been eliminated on consolidation.
Use of Estimates	Use of Estimates The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.
Principles of consolidation	Principles of Consolidation The consolidated financial statements comprise the results and position of the Company and its subsidiaries. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its operating activities. In assessing control, legal and contractual rights are taken into account. The consolidated financial statements of subsidiaries are included in the consolidated financial statements from the date that control is achieved until the date that control ceases. Intercompany transactions and balances are eliminated upon consolidation.
Reclassifications	Reclassifications Clearance expenses in the comparative figures have been reclassified from sales and marketing expenses to finance expenses to conform to the current presentation. Following the Company's reverse stock split, described in note 6, the comparative loss per share for the period of nine and three months ended September 30, 2015 was amended from $(0.04) to $(1.16), and from $(0.01) to $(0.36), respectively.
Recently Issued Accounting Pronouncements:	Recently Issued Accounting Pronouncements: In March 2016, the Financial Accounting Standard Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2016-09, “Improvements to Employee Share-Based Payment Accounting”, which revises the guidance in ASC 718, “Compensation - Stock Compensation”, and will change how companies account for certain aspects of share-based payments to employees, including the income tax impact, classification on the statement of cash flows and forfeitures. The guidance is effective for reporting periods (interim and annual) beginning after December 15, 2017, for public companies. Early adoption is permitted. The Company is currently assessing the potential impact of this ASU on its consolidated financial position and results of operations. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”, which establishes the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. This guidance results in a more faithful representation of the rights and obligations arising from operating and capital leases by requiring lessees to recognize the lease assets and lease liabilities that arise from leases in the statement of financial position and to disclose qualitative and quantitative information about lease transactions, such as information about variable lease payments and options to renew and terminate leases. This guidance is effective prospectively for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. The new guidance must be adopted using a modified retrospective approach. The Company is currently assessing the impact of this guidance. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments – Overall (Subtopic 825-10)” (“ASU 2016-01”), which updates certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU 2016-01 will be effective for the Company beginning in its first quarter of 2019. The Company is currently assessing the potential impact of this ASU on its consolidated financial position and results of operations. In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial statements - Going concern (subtopic 205-40), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern”. The new standard provides guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and about related footnote disclosures. For each reporting period, management will be required to evaluate whether there are conditions or events that raise substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued. ASU 2014-15 applies prospectively to annual periods ending after December 15, 2016, and to annual periods thereafter. Early application is permitted. The Company is currently evaluating the impact of the adoption of ASU 2014-15 on its consolidated financial statements.

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Measurement [Abstract]
Summary of fair value measurement three categories	Fair value measurements using input type September 30, U.S. Dollars (in thousands) Level 1 Level 2 Level 3 Total Segregated client cash accounts 3,115 - - 3,115 Restricted cash 112 - - 112 Financial liabilities - Forex - (1,640 ) - (1,640 ) Financial liabilities - Binary - - (262 ) (262 ) 3,227 (1,640 ) (262 ) 1,325
Summary of fair value measurement level 3 roll-forward	Financial liabilities - Binary as of Net realized / unrealized gain Issuance Transfers Settlements (realized gain) Financial liabilities - Binary as of Unrealized gain- still held U.S. Dollars (in thousands) Derivative options based on commodities (5 ) 93 (168 ) - 73 (13 ) 20 Derivative options based on exchange differences (23 ) 389 (706 ) - 307 (55 ) 82 Derivative options based on equity shares (81 ) 1,371 (2,487 ) - 1,081 (194 ) 290 Total (109 ) 1,853 (3,361 ) - 1,461 (262 ) 392
Summary of valuation techniques and inputs for level 3 fair value measurements	Fair Weighted Liabilities value Methodology Input Average Derivative options based on $ (13 ) Cash or Nothing- option model Expected volatility 25 % commodities Risk-free interest rate 0.25 % Expected contractual life 0.13 Derivative options based on $ (55 ) Cash or Nothing- option model Expected volatility 15 % exchange differences Risk-free interest rate 0.25 % Expected contractual life 0.11 Derivative options based on $ (194 ) Cash or Nothing- option model Expected volatility 28 % equity shares Risk-free interest rate 0.25 % Expected contractual life 0.15
Summary of unobservable input fair value measurements	Fair value measurements using input type December 31, U.S. Dollars (in thousands) Level 1 Level 2 Level 3 Total Segregated client cash accounts 1,501 - - 1,501 Restricted cash 42 - - 42 Financial liabilities - Binary - - (109 ) (109 ) 1,543 - (109 ) 1,434

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2016
Intangible Assets, Net [Abstract]
Schedule of intangible assets	September 30, December 31, U.S. Dollars (in thousands) License 350 380 Software 2,183 1,594 2,533 1,974

Related Parties (Tables)

Related Parties (Tables)	9 Months Ended
	Sep. 30, 2016
Related Parties [Abstract]
Schedule of related party transactions	Transactions Nine months ended 2016 2015 U.S. Dollars (in thousands) Stock-based compensation 417 509 Management fees (1), salaries (2), and bonuses (3) 1,070 737 1,487 1,246 Balances September 30, December 31, 2016 2015 U.S. Dollars (in thousands) Accrued fees and bonuses (82 ) 33 (1) Management fees of $190 thousand and $190 thousand for the nine month periods ended September 30, 2016 and 2015, respectively, were paid to the Company’s Chief Executive Officer (“CEO”) for each of the nine month periods ended September 30, 2016 and 2015. (2) Salaries were paid to the Company’s CEO and Media Manager in the amounts of $86 thousand and $49 thousand, respectively, for the nine month period ended September 30, 2016. Salaries were paid to the Company’s CEO and Media Manager in the amounts of $106 thousand and $59 thousand, respectively, for the nine month period ended September 30, 2015. Fees of $218 thousand and $228 thousand were paid to the Company’s directors for the nine month periods ended September 30, 2016 and 2015, respectively. (3) Bonuses were paid to Company’s CEO in the amount of $230 thousand and $249 thousand for the nine month periods ended September 30, 2016 and 2015, respectively, pursuant to the terms of the consulting agreement by and between the Company and Citron Investments Ltd., dated as of September 23, 2008, as amended; bonuses were paid to the Company’s Media Manager in the amount of $297 thousand and $299 thousand for the nine month periods ended September 30, 2016 and 2015, respectively, pursuant to the terms of the consulting agreement by and between the Company and Yariv Citron Marketing Ltd. dated as of October 1, 2014.

General (Details)

General (Details) € in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016EUR (€)	Dec. 31, 2015USD ($)
General (Textual)
Net loss attributable to the company	$ (3,220)	$ (1,174)	$ (11,527)	$ (3,711)
Negative cash flows from operations			(4,971)	$ (1,123)
Obligation to customers	2,390		2,390			$ 3,922
Capital | €					€ 730
Total current assets	$ 4,724		$ 4,724			$ 4,273

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Summary Of Significant Accounting Policies Textual [Abstract]
Comparative loss per share	$ (0.64)	$ (0.36)	$ (2.49)	$ (1.16)
Maximum [Member]
Summary Of Significant Accounting Policies Textual [Abstract]
Comparative loss per share		0.36		1.16
Minimum [Member]
Summary Of Significant Accounting Policies Textual [Abstract]
Comparative loss per share		$ 0.01		$ 0.04

Fair Value Measurement (Details

Fair Value Measurement (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items]
Segregated client cash accounts	$ 3,115	$ 1,501
Restricted cash	112	42
Financial liabilities - Forex	(1,640)
Financial liabilities - Binary	262	109
Total fair value of assets and liability	1,325	1,434
Level 1 [Member]
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items]
Segregated client cash accounts	3,115	1,501
Restricted cash	112	42
Financial liabilities - Forex
Financial liabilities - Binary
Total fair value of assets and liability	3,227	1,543
Level 2 [Member]
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items]
Segregated client cash accounts
Restricted cash
Financial liabilities - Forex	(1,640)
Financial liabilities - Binary
Total fair value of assets and liability	(1,640)
Level 3 [Member]
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items]
Segregated client cash accounts
Restricted cash
Financial liabilities - Forex
Financial liabilities - Binary	(262)	(109)
Total fair value of assets and liability	$ (262)	$ (109)

Fair Value Measurement (Detai22

Fair Value Measurement (Details 1) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial liabilities - Binary, Beginning balance	$ (109)
Net realized / unrealized gain	1,853
Issuance	(3,361)
Transfers out of (into) Level 3
Settlements (realized gain)	1,461
Financial liabilities - Binary, Ending balance	(262)
Unrealized gain- still held	392
Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial liabilities - Binary, Beginning balance	109
Financial liabilities - Binary, Ending balance	262
Level 3 [Member] | Derivative options based on equity shares [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial liabilities - Binary, Beginning balance	(81)
Net realized / unrealized gain	1,371
Issuance	(2,487)
Transfers out of (into) Level 3
Settlements (realized gain)	1,081
Financial liabilities - Binary, Ending balance	(194)
Unrealized gain- still held	290
Level 3 [Member] | Derivative options based on commodities [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial liabilities - Binary, Beginning balance	(5)
Net realized / unrealized gain	93
Issuance	(168)
Transfers out of (into) Level 3
Settlements (realized gain)	73
Financial liabilities - Binary, Ending balance	(13)
Unrealized gain- still held	20
Level 3 [Member] | Derivative options based on exchange differences [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial liabilities - Binary, Beginning balance	(23)
Net realized / unrealized gain	389
Issuance	(706)
Transfers out of (into) Level 3
Settlements (realized gain)	307
Financial liabilities - Binary, Ending balance	(55)
Unrealized gain- still held	$ 82

Fair Value Measurement (Detai23

Fair Value Measurement (Details 2) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair value	$ (262)	$ (109)
Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair value	262	109
Level 3 [Member] | Derivative options based on equity shares [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair value	$ (194)	(81)
Methodology	Cash or Nothing- option model
Expected volatility	28.00%
Risk-free interest rate	0.25%
Expected contractual life	1 month 24 days
Level 3 [Member] | Derivative options based on commodities [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair value	$ (13)	(5)
Methodology	Cash or Nothing- option model
Expected volatility	25.00%
Risk-free interest rate	0.25%
Expected contractual life	1 month 17 days
Level 3 [Member] | Derivative options based on exchange differences [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair value	$ (55)	$ (23)
Methodology	Cash or Nothing- option model
Expected volatility	15.00%
Risk-free interest rate	0.25%
Expected contractual life	1 month 10 days

Fair Value Measurement (Detai24

Fair Value Measurement (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Fair Value Measurement (Textual)
Total gain recognized in earnings	$ 1,853
Total unrealized gain recognized in earnings	$ 392

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Intangible Assets, Net [Line Items]
Intangible assets, net	$ 2,533	$ 1,974
License [Member]
Intangible Assets, Net [Line Items]
Intangible assets, net	350	380
Software [Member]
Intangible Assets, Net [Line Items]
Intangible assets, net	$ 2,183	$ 1,594

Intangible Assets, Net (Detai26

Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Indefinite-lived Intangible Assets [Line Items]
Intangible assets, net	$ 2,533	$ 1,974
Depreciation expenses	265	350
Software [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible assets, net	2,183	$ 1,594
Corrected an error in accounting for the costs	507
Depreciation expenses	$ 243

Convertible Loans (Details)

Convertible Loans (Details) $ / shares in Units, € in Thousands, $ in Thousands	Apr. 07, 2016USD ($)	Jan. 29, 2016USD ($)shares	Apr. 30, 2016USD ($)	Mar. 31, 2016USD ($)shares	Mar. 31, 2016EUR (€)shares	Feb. 29, 2016$ / sharesshares	Feb. 27, 2014USD ($)shares	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)shares
Convertible Loans (Textual)
Conversion of loan into shares | shares				55,556	55,556
Conversion of loan amount | €					€ 364
Convertible Loan Agreement [Member]
Convertible Loans (Textual)
Convertible loans		$ 1,436		$ 1,000			$ 2,800
Debt instrument maturity date		Jan. 31, 2017		Feb. 13, 2017	Feb. 13, 2017
Debt instrument interest percentage		12.00%		5.00%			10.00%
Conversion of loan into shares | shares		249,967		55,556	55,556		265,451		34,686
Repayments of debt	$ 590		$ 500						$ 408
Conversion of loan amount				$ 500					$ 364
Issuance costs								$ 154
Outstanding loan balance								1,000
Warrants exercise price | $ / shares						$ 10.50
Warrants exercisable into common shares | shares						42,857
Debt instrument description						The remaining $2 million in loans were extended for one additional year to be repaid with interest in February 2016
Convertible Loans Agreement One [Member]
Convertible Loans (Textual)
Outstanding loan balance								$ 1,305

Share Capital (Details)

Share Capital (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Mar. 31, 2016	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015
Share Capital (Textual)
Cash received		$ 500	$ 783	$ 364
Warrants converted into shares		208,333
Stock option [Member]
Share Capital (Textual)
Stock option granted			86,000
Share capital [Member] | Private Placement [Member]
Share Capital (Textual)
Number of warrants exercised	888,889
Exercise price of warrants	$ 6.75
Term of warrants	6 months
Share price	$ 6
Shares issued	1,000,000
Issuance of shares	$ 6,000
Share capital [Member] | Board of Directors [Member]
Share Capital (Textual)
Description of amendment certificate of incorporation			(1) an amendment to the Company's Certificate of Incorporation to reduce the Company's authorized Common Stock from 300,000,000 shares, with a par value of $0.001 per share, to 10,000,000 shares with a par value of $0.03 per share (the "Amendment"), and (2) a 1-for-30 reverse stock split of the Company's issued and outstanding shares of Common Stock, such that each 30 shares of Common Stock held by stockholders of record on April 7, 2016 will be combined into one share of Common Stock, except to the extent that such actions result in any of the Company's stockholders holding a fractional share of Common Stock (in which instance, because such stockholder's number of shares is not evenly divisible by the 30:1 ratio, such stockholder will be automatically entitled to receive an additional fraction of a share of common stock to round up to the next whole share) (the "Reverse Stock Split").

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Transactions [Member]
Related Party Transaction [Line Items]
Stock-based compensation		$ 417	$ 509
Management fees (1), salaries (2), and bonuses (3)	[1],[2],[3]	1,070	737
Related parties		1,487	$ 1,246
Balances [Member]
Related Party Transaction [Line Items]
Accrued fees and bonuses		$ (82)		$ 33
[1]	Bonuses were paid to Company's CEO in the amount of $230 thousand and $249 thousand for the nine month periods ended September 30, 2016 and 2015, respectively, pursuant to the terms of the consulting agreement by and between the Company and Citron Investments Ltd., dated as of September 23, 2008, as amended; bonuses were paid to the Company's Media Manager in the amount of $297 thousand and $299 thousand for the nine month periods ended September 30, 2016 and 2015, respectively, pursuant to the terms of the consulting agreement by and between the Company and Yariv Citron Marketing Ltd. dated as of October 1, 2014.
[2]	Management fees of $190 thousand and $190 thousand for the nine month periods ended September 30, 2016 and 2015, respectively, were paid to the Company's Chief Executive Officer ("CEO") for each of the nine month periods ended September 30, 2016 and 2015.
[3]	Salaries were paid to the Company's CEO and Media Manager in the amounts of $86 thousand and $49 thousand, respectively, for the nine month period ended September 30, 2016. Salaries were paid to the Company's CEO and Media Manager in the amounts of $106 thousand and $59 thousand, respectively, for the nine month period ended September 30, 2015. Fees of $218 thousand and $228 thousand were paid to the Company's directors for the nine month periods ended September 30, 2016 and 2015, respectively.

Related Parties (Details Textua

Related Parties (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CEO [Member]
Related Party Transaction [Line Items]
Management fees	$ 190	$ 190
Salaries	86	106
Bonuses	230	249
Media manager [Member]
Related Party Transaction [Line Items]
Salaries	49	59
Bonuses	297
Director [Member]
Related Party Transaction [Line Items]
Fees	$ 218	$ 228

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Nov. 10, 2016	Oct. 27, 2016	Oct. 10, 2016	Mar. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Subsequent Event [Line Items]
Conversion of loan into shares				55,556
Net book of value capitalized costs					$ 327,000	$ 248,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Convertible debt, principal amount			$ 1,100,000
Debt instrument maturity date			Oct. 31, 2017
Debt instrument interest percentage			8.00%
Conversion of loan into shares			160,025
Disgorgement fees	$ 1,515,858
Prejudgment interest	57,691
Penalty	$ 200,000
Contingencies Description	The Company will make its first payment of $147,796 by November 20, 2016, and starting the second month after the Order Date, the Company will pay the remaining eleven monthly installments of $147,796 on the last date of each month.
Subsequent Event [Member] | Investor [Member]
Subsequent Event [Line Items]
Warrants issued			16,667
Warrants Term			5 years
Exercise price of warrants			$ 6
Subsequent Event [Member] | Winner Option Ltd [Member]
Subsequent Event [Line Items]
Ordinary shares, issued		4,996
Conversion of stock, amount issued		$ 1,000,000,000
Subscription agreement, description		(i) certain of its intellectual property relating to social gaming technology, and (ii) payment of $276,000 in cash to WinnerOption at such times after the date of the Subscription Agreement.