Oramed Pharmaceuticals (ORMP) 10-K 25 Nov 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Aug. 31, 2016	Nov. 22, 2016	Feb. 29, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	ORAMED PHARMACEUTICALS INC.
Entity Central Index Key	1,176,309
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Document Type	10-K
Document Period End Date	Aug. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 73,576,787
Entity Common Stock, Shares Outstanding		13,264,189

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2016	Aug. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 3,907	$ 3,213
Short-term deposits (note 2)	24,254	11,928
Marketable securities (note 3)	2,855	2,088
Restricted cash	16	16
Prepaid expenses and other current assets	198	127
Total current assets	31,230	17,372
LONG -TERM ASSETS:
Long-term deposits and investment (note 4)	11,043	8,022
Marketable securities (note 3c)	530	940
Amounts funded in respect of employee rights upon retirement	11	9
Property and equipment, net	16	11
Total long-term assets	11,600	8,982
Total assets	42,830	26,354
CURRENT LIABILITIES:
Accounts payable and accrued expenses	1,411	953
Deferred revenues (note 1a1)	2,162	500
Related parties (note 11c)	48	36
Total current liabilities	3,621	1,489
LONG-TERM LIABILITIES:
Deferred revenues (note 1a1)	12,604
Employee rights upon retirement	14	11
Provision for uncertain tax position (note 10e)	11	26
Other liabilities	390
Total long term liabilities	13,019	37
COMMITMENTS (note 6)
STOCKHOLDERS' EQUITY:
Common stock, $ 0.012 par value (30,000,000 authorized shares as of August 31, 2016 and 2015; 13,183,425 and 11,563,077 shares issued and outstanding as of August 31, 2016 and 2015, respectively)	157	138
Additional paid-in capital	71,943	59,184
Accumulated other comprehensive income	106	558
Accumulated loss	(46,016)	(35,052)
Total stockholders' equity	26,190	24,828
Total liabilities and stockholders' equity	$ 42,830	$ 26,354

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Aug. 31, 2016	Aug. 31, 2015
Balance Sheets [Abstract]
Common stock, par value	$ 0.012	$ 0.012
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	13,183,425	11,563,077
Common stock, shares outstanding	13,183,425	11,563,077

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Income Statement [Abstract]
REVENUES	$ (641)
COST OF REVENUES (notes 6j, 6k)	490
RESEARCH AND DEVELOPMENT EXPENSES, NET	7,709	4,781	3,277
GENERAL AND ADMINISTRATIVE EXPENSES	2,452	2,602	2,629
OPERATING LOSS	10,010	7,383	5,906
FINANCIAL INCOME (note 9a)	(474)	(168)	(225)
FINANCIAL EXPENSES (note 9b)	93	18	11
LOSS BEFORE TAXES ON INCOME	9,629	7,233	5,692
TAXES ON INCOME (TAX BENEFIT) (note 10c)	1,335	(1)	4
NET LOSS FOR THE YEAR	10,964	7,232	5,696
RECLASSIFICATION ADJUSTMENT FOR GAINS INCLUDED IN NET LOSS			80
UNREALIZED LOSS (GAIN) ON AVAILABLE FOR SALE SECURITIES	452	(106)	(228)
TOTAL OTHER COMPREHENSIVE LOSS (INCOME)	452	(106)	(148)
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD	$ 11,416	$ 7,126	$ 5,548
LOSS PER SHARE OF COMMON STOCK:
BASIC AND DILUTED LOSS PER SHARE OF COMMON STOCK	$ 0.87	$ 0.67	$ 0.62
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK USED IN COMPUTING BASIC AND DILUTED LOSS PER SHARE OF COMMON STOCK	12,624,356	10,820,465	9,244,059

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock		Additional paid-in capital	Accumulated other comprehensive income	Accumulated loss
BALANCE at Aug. 31, 2013	$ 8,131	$ 95		$ 29,856	$ 304	$ (22,124)
BALANCE, SHARES at Aug. 31, 2013		7,938
SHARES ISSUED FOR CASH, NET	14,887	$ 19		14,868
SHARES ISSUED FOR CASH, NET, SHARES		1,580
SHARES ISSUED FOR SERVICES	102		[1]	102
SHARES ISSUED FOR SERVICES, SHARES		16
EXERCISE OF WARRANTS AND OPTIONS	1,753	$ 7		1,746
EXERCISE OF WARRANTS AND OPTIONS, SHARES		569
STOCK BASED COMPENSATION	1,468			1,468
OTHER COMPREHENSIVE INCOME LOSS	148				148
NET LOSS	(5,696)					(5,696)
BALANCE at Aug. 31, 2014	20,793	$ 121		48,040	452	(27,820)
BALANCE, SHARES at Aug. 31, 2014		10,103
SHARES, OPTIONS AND WARRANTS ISSUED FOR CASH, NET	9,713	$ 17		9,696
SHARES, OPTIONS AND WARRANTS ISSUED FOR CASH, NET, SHARES		1,411
SHARES ISSUED FOR SERVICES	93		[1]	93
SHARES ISSUED FOR SERVICES, SHARES		15
EXERCISE OF OPTIONS	8		[1]	8
EXERCISE OF OPTIONS, SHARES		1
STOCK BASED COMPENSATION	1,347		[1]	1,347
STOCK BASED COMPENSATION, SHARES		33
OTHER COMPREHENSIVE INCOME LOSS	106				106
NET LOSS	(7,232)					(7,232)
BALANCE at Aug. 31, 2015	24,828	$ 138		59,184	558	(35,052)
BALANCE, SHARES at Aug. 31, 2015		11,563
SHARES ISSUED FOR SERVICES	101		[1]	101
SHARES ISSUED FOR SERVICES, SHARES		14
ISSUANCE OF COMMON STOCK, NET	10,594	$ 14		10,580
ISSUANCE OF COMMON STOCK, NET, SHARES		1,155
EXERCISE OF WARRANTS AND OPTIONS	1,449	$ 4		1,445
EXERCISE OF WARRANTS AND OPTIONS, SHARES		350
STOCK BASED COMPENSATION	634	$ 1		633
STOCK BASED COMPENSATION, SHARES		101
OTHER COMPREHENSIVE INCOME LOSS	(452)				(452)
NET LOSS	(10,964)					(10,964)
BALANCE at Aug. 31, 2016	$ 26,190	$ 157		$ 71,943	$ 106	$ (46,016)
BALANCE, SHARES at Aug. 31, 2016		13,183
[1]	Represents an amount of less than $1.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (10,964)	$ (7,232)	$ (5,696)
Adjustments required to reconcile net loss to net cash used in operating activities:
Depreciation	4	4	6
Exchange differences and interest on deposits and held to maturity bonds	(163)	(20)	(29)
Stock-based compensation	634	1,347	1,468
Shares issued for services	101	93	102
Gain on sale of investment			(80)
Changes in operating assets and liabilities:
Prepaid expenses, other current assets and related parties	(71)	345	(319)
Accounts payable, accrued expenses and related parties	470	16	475
Deferred revenue	14,266	500
Liability for employee rights upon retirement	3	2	1
Provision for uncertain tax position	(15)	(1)	4
Other liabilities	390
Total net cash provided by (used in) operating activities	4,655	(4,946)	(4,068)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(9)	(1)	(14)
Purchase of short-term deposits	(7,010)	(3,673)	(49,250)
Purchase of long-term deposits	(22,274)	(17,452)	(6,500)
Purchase of held to maturity securities	(1,775)	(1,885)
Proceeds from sale of short-term deposits	14,160	19,701	42,539
Proceeds from maturity of held to maturity securities	900
Proceeds from sale of available-for-sale securities			137
Funds in respect of employee rights upon retirement	(2)	(2)	(2)
Other			2
Total net cash used in investing activities	(16,010)	(3,312)	(13,088)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock, options and warrants - net of issuance expenses	10,594	9,713	14,887
Proceeds from exercise of warrants and options	1,449	8	1,753
Total net cash provided by financing activities	12,043	9,721	16,640
EFFECT OF EXCHANGE RATE CHANGES ON CASH	6	(12)	6
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	694	1,451	(510)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	3,213	1,762	2,272
CASH AND CASH EQUIVALENTS AT END OF PERIOD	3,907	3,213	1,762
SUPPLEMENTARY DISCLOSURE ON CASH FLOWS
Interest received	$ 256	$ 115	$ 107

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Aug. 31, 2016
Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES: a. General 1) Incorporation and operations Oramed Pharmaceuticals Inc. (collectively with its subsidiary, the “Company”, unless the context indicates otherwise) was incorporated on April 12, 2002, under the laws of the State of Nevada. From incorporation until March 3, 2006, the Company was an exploration stage company engaged in the acquisition and exploration of mineral properties. On February 17, 2006, the Company entered into an agreement with Hadasit Medical Services and Development Ltd. (“Hadasit”) to acquire the provisional patent related to orally ingestible insulin capsule to be used for the treatment of individuals with diabetes. On May 14, 2007, the Company incorporated a wholly-owned subsidiary in Israel, Oramed Ltd. (the “Subsidiary”), which is engaged in research and development. On March 11, 2011, the Company was reincorporated from the State of Nevada to the State of Delaware. On November 30, 2015, the Company entered into a Technology License Agreement with Hefei Tianhui Incubation of Technologies Co. Ltd. (“HTIT”) and on December 21, 2015, the parties entered into an Amended and Restated Technology License Agreement, that was further amended by the parties on June 3, 2016 and July 24, 2016 (the “License Agreement”). According to the License Agreement, the Company granted HTIT an exclusive commercialization license in the territory of the Peoples Republic of China, Macau and Hong Kong (the “Territory”), related to the Company’s oral insulin capsule, ORMD-0801. Pursuant to the License Agreement, HTIT will conduct, at its own expense, certain pre-commercialization and regulatory activities with respect to the Subsidiary’s technology and ORMD-0801 capsule, and will pay to the Subsidiary (i) royalties of 10% on net sales of the related commercialized products to be sold by HTIT in the Territory (“Royalties”), and (ii) an aggregate of $37,500, of which $3,000 is payable immediately, $8,000 will be paid subject to the Company entering into certain agreements with certain third parties, and $26,500 will be payable upon achievement of certain milestones and conditions. In the event that the Company does not meet certain conditions, the Royalties rate may be reduced to a minimum of 8%. Following the expiration of the Company's patents covering the technology in the Territory (the “Patents”), the Royalties rate may be reduced, under certain circumstances, to 5%. The Royalties term will commence upon the commercialization of the product and will end upon the later of the expiration of the Patents or fifteen years after the first commercialization of the product in the Territory. Among others, the Company's involvement through the product submission date will include consultancy for the pre-commercialization activities in the Territory, as well as provide advice to HTIT on an ongoing basis. The closing of the License Agreement was conditioned upon the approval of the Israel Innovation Authority (previously the Office of the Chief Scientist) of the Israeli Ministry of Economy & Industry (“IIA”), which was received on December 21, 2015. The initial payment of $3,000 was received in January 2016 and the second payment of $6,500 was received in July 2016 following achievement of certain milestones. Since the Company entered into the required agreements with certain third parties, as detailed in notes 6h and 6i, it was entitled to $8,000 as of August 31, 2016, of which $4,000 was received in July 2016 and $4,000 was received in October 2016. In addition, on November 30, 2015, the Company entered into a Stock Purchase Agreement with HTIT (the “SPA”). According to the SPA, the Company issued 1,155,367 shares of common stock to HTIT for $12,000. The transaction closed on December 28, 2015. The License Agreement and the SPA were considered a single arrangement with multiple deliverables. The Company allocated the total consideration of $49,500 between the License Agreement and the SPA according to their fair value, as follows: $10,617 was allocated to the issuance of common stock (less issuance expenses of $23), based on the quoted price of the Company's shares on the closing date of the SPA on December 28, 2015, and $38,883 to the License Agreement. Given the Company's continuing involvement through the expected product submission (June 2023), amounts received relating to the License Agreement are recognized over the period from which the Company is entitled to the respective payment, and the expected product submission date using a time-based model approach over the periods that the fees are earned. In July 2015, according to the letter of intent signed between the parties or their affiliates, HTIT's affiliate paid the Subsidiary a non-refundable amount of $500 as a no-shop fee. The no-shop fee was deferred and the related revenue is recognized over the estimated term of the License Agreement. Amounts that were allocated to the License Agreement and milestone payments that the Company was entitled to receive as of August 2016, aggregated $19,383, all of which were received through October 2016. Through August 31, 2016, the Company recognized revenue in the amount of $641, and deferred the remaining amount of $14,766. 2) Development and liquidity risks The Company is engaged in research and development in the biotechnology field for innovative pharmaceutical solutions, including an orally ingestible insulin capsule to be used for the treatment of individuals with diabetes, and the use of orally ingestible capsules for delivery of other polypeptides, and has not generated significant revenues from its operations. Continued operation of the Company is contingent upon obtaining sufficient funding until it becomes profitable. Successful completion of the Company’s development programs and its transition to normal operations is dependent upon obtaining necessary regulatory approvals from the U.S. Food and Drug Administration prior to selling its products within the United States, and foreign regulatory approvals to sell its products internationally, or entering into licensing agreements with third parties. There can be no assurance that the Company will receive regulatory approval of any of its product candidates, and a substantial amount of time may pass before the Company achieves a level of revenues adequate to support its operations, if at all. The Company also expects to incur substantial expenditures in connection with the regulatory approval process for each of its product candidates during their respective developmental periods. Obtaining marketing approval will be directly dependent on the Company’s ability to implement the necessary regulatory steps required to obtain marketing approval in the United States and in other countries. The Company cannot predict the outcome of these activities. b. Basis of presentation The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). c. Use of estimates in the preparation of financial statements The preparation of the consolidated 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 financial statements date and the reported expenses during the reporting periods. Actual results could differ from those estimates. As applicable to these consolidated financial statements, the most significant estimates and assumptions relate to stock-based compensation and to the expected product submission date for revenue recognition purposes. d. Functional currency The currency of the primary economic environment in which the operations of the Company and its Subsidiary are conducted is the U.S. dollar (“$” or “dollar”). Therefore, the functional currency of the Company and its Subsidiary is the dollar. Transactions and balances originally denominated in dollars are presented at their original amounts. Balances in foreign currencies are translated into dollars using historical and current exchange rates for non-monetary and monetary balances, respectively. For foreign transactions and other items reflected in the statements of operations, the following exchange rates are used: (1) for transactions - exchange rates at transaction dates or average rates and (2) for other items (derived from non-monetary balance sheet items such as depreciation) - historical exchange rates. The resulting transaction gains or losses are carried to financial income or expenses, as appropriate. e. Principles of consolidation The consolidated financial statements include the accounts of the Company and its Subsidiary. All inter-company transactions and balances have been eliminated in consolidation. f. Cash equivalents The Company considers all short-term, highly liquid investments, which include short-term deposits with original maturities of three months or less from the date of purchase that are not restricted as to withdrawal or use and are readily convertible to known amounts of cash, to be cash equivalents. g. Fair value measurement: The Company measures fair value and discloses fair value measurements for 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. In order to increase consistency and comparability in fair value measurements, the guidance establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described as follows: Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. Level 2: Observable prices that are based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs. As of August 31, 2016, the assets or liabilities measured at fair value are comprised of available for sale equity securities (level 1). 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. As of August 31, 2016, the carrying amount of cash and cash equivalents, short-term deposits, other current assets, accounts payable and accrued expenses approximate their fair values due to the short-term maturities of these instruments. As of August 31, 2016, the carrying amount of long-term deposits approximates their fair values due to the stated interest rates which approximate market rates. The fair value of held to maturity bonds as presented in note 3 was based on a level 1 measurement. The amounts funded in respect of employee rights are stated at cash surrender value which approximates its fair value. h. Marketable securities 1) Available-for-sale securities Available-for-sale equity securities are reported at fair value, with unrealized gains and losses, net of related tax recorded as a separate component of other comprehensive income loss (income) in equity until realized. Unrealized losses that are considered to be other-than-temporary are charged to statement of operations as an impairment charge and are included in the consolidated statement of operations under impairment of available-for-sale securities. The Company considers available evidence in evaluating potential impairments of its investments, including the duration and extent to which fair value is less than cost, and the Company’s ability and intent to hold the investment. Realized gains and losses on sales of the securities are included in the consolidated statement of operations as financial income or expenses. 2) Held to maturity securities All debt securities are classified as held-to-maturity because the Company has the positive intent and ability to hold the securities to maturity. Held-to-maturity securities are stated at amortized cost, adjusted for amortization of premiums and accretion of discounts to maturity. On a continuous basis, management assesses whether there are any indicators that the value of the Company’s marketable securities may be impaired, which includes reviewing the underlying cause of any decline in value and the estimated recovery period, as well as the severity and duration of the decline. In the Company’s evaluation, the Company considers its ability and intent to hold these investments for a reasonable period of time sufficient for the Company to recover its cost basis. A marketable security is impaired if the fair value of the security is less than the carrying value of the security and such difference is deemed to be other-than temporary. To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the security over the estimated fair value in the security. i. Concentration of credit risks Financial instruments that subject the Company to credit risk consist primarily of cash and cash equivalents, short and long-term deposits and marketable securities which are deposited in major financial institutions. The Company is of the opinion that the credit risk in respect of these balances is remote. As of the date of issuing these financial statements, all amounts due from HTIT have been received, as described in note 1 above. j. Property and equipment Property and equipment are recorded at cost and depreciated by the straight-line method over the estimated useful lives of the assets. Annual rates of depreciation are as follows: % Computers and peripheral equipment 33 Office furniture and equipment 15-33 Leasehold improvements are amortized over the term of the lease which is shorter than the estimated useful life of the improvements. k. Income taxes 1. Deferred taxes Deferred taxes are determined utilizing the asset and liability method based on the estimated future tax effects of differences between the financial accounting and tax bases of assets and liabilities under the applicable tax laws. Deferred tax balances are computed using the tax rates expected to be in effect when those differences reverse. A valuation allowance in respect of deferred tax assets is provided if, based upon the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company has provided a full valuation allowance with respect to its deferred tax assets. See note 10. Regarding the Subsidiary, the recognition is prohibited for deferred tax liabilities or assets that arise from differences between the financial reporting and tax bases of assets and liabilities that are measured from the local currency into dollars using historical exchange rates, and that result from changes in exchange rates or indexing for tax purposes. Consequently, the abovementioned differences were not reflected in the computation of deferred tax assets and liabilities. Taxes that would apply in the event of disposal of investments in the Subsidiary have not been taken into account in computing deferred taxes, as it is the Company’s intention to hold this investment, not to realize it. 2. Uncertainty in income tax The Company follows 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. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement. Such liabilities are classified as long-term, unless the liability is expected to be resolved within twelve months from the balance sheet date. The Company’s policy is to include interest and penalties related to unrecognized tax benefits within income tax expenses. l. Revenue recognition Revenue is recognized when delivery has occurred, evidence of an arrangement exists, title and risks and rewards for the products are transferred to the customer, collection is reasonably assured and product returns can be reliably estimated. Given the Company's continuing involvement through the expected product submission (June 2023), revenue from the License Agreement is recognized over the periods from which the Company is entitled to the respective payments (including milestones), and through the expected product submission date. m. Research and development, net Research and development expenses include costs directly attributable to the conduct of research and development programs, including the cost of salaries, employee benefits, the cost of supplies, the cost of services provided by outside contractors, including services related to the Company’s clinical trials, clinical trial expenses and the full cost of manufacturing drug for use in research and preclinical development. All costs associated with research and development are expensed as incurred. Clinical trial costs are a significant component of research and development expenses and include costs associated with third-party contractors. The Company outsources a substantial portion of its clinical trial activities, utilizing external entities such as Contract Research Organizations, independent clinical investigators, and other third-party service providers to assist the Company with the execution of its clinical studies. For each clinical trial that the Company conducts, clinical trial costs are expensed immediately. Grants received from the IIA and from the Bio-Jerusalem fund (“Bio-Jerusalem”) are recognized as grant income when the grants become receivable, provided there is reasonable assurance that the Company will comply with the conditions attached to the grant and there is reasonable assurance the grant will be received. The grants are deducted from the related research and development expenses as the costs are incurred and are presented in R&D expenses, net. See also notes 6(j) and 6(k). n. Stock-based compensation Equity awards granted to employees are accounted for using the grant date fair value method. The fair value of share based payment transactions is recognized as an expense over the requisite service period. The expected service period is estimated using the simplified method due to insufficient specific historical information of employees' exercise behavior. The Company elected to recognize compensation cost for an award with only service conditions that has a graded vesting schedule using the accelerated method based on the multiple-option award approach. When stock options are granted as consideration for services provided by consultants and other non-employees, the transaction is accounted for based on the fair value of the consideration received or the fair value of the stock options issued, whichever is more reliably measurable. The fair value of the options granted is measured on a final basis at the end of the related service period and is recognized over the related service period using the straight-line method. o. Loss per common share Basic and diluted net loss per common share are computed by dividing the net loss for the period by the weighted average number of shares of common stock outstanding for each period. Outstanding stock options, warrants and restricted stock units have been excluded from the calculation of the diluted loss per share because all such securities are anti-dilutive for all periods presented. The total number of common stock options, warrants and restricted stock units excluded from the calculation of diluted net loss was 2,676,573, 2,249,164 and 2,159,046 for the years ended August 31, 2016, 2015 and 2014, respectively. p. Newly issued and recently adopted Accounting Pronouncements 1) In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance on revenue from contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance. The underlying principle is that an entity will recognize revenue upon the transfer of goods or services to customers in an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of the time value of money in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The guidance is effective for the interim and annual periods beginning on or after December 15, 2017 (early adoption is permitted for the interim and annual periods beginning on or after December 15, 2016). The Company is currently evaluating the impact of the guidance on its consolidated financial statements. 2) In January 2016, the FASB issued guidance on recognition and measurement of financial assets and financial liabilities (Accounting Standards Update No. 2016-01) that will supersede most current guidance. Changes to the U.S. GAAP model primarily affect the accounting for equity investments, financial liabilities under the fair value option and the presentation and disclosure requirements for financial instruments. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The accounting for other financial instruments, such as loans, investments in debt securities, and financial liabilities, is largely unchanged. The classification and measurement guidance will be effective in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years (early adoption of the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income is permitted). The Company is currently evaluating the impact of the guidance on its consolidated financial statements. 3) In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)" (“ASU 2016-02”), which supersedes the existing guidance for lease accounting, "Leases (Topic 840)". ASU 2016-02 requires lessees to recognize leases on their balance sheets, and leaves lessor accounting largely unchanged. The amendments in ASU 2016-02 are effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early application is permitted for all entities. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. The Company is currently evaluating the impact of this new standard on its consolidated financial statements. 4) In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718)" ("ASU 2016-09") which simplifies certain aspects of the accounting for share-based payments, including accounting for income taxes, classification of awards as either equity or liabilities, classification on the statement of cash flows as well as allowing an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures as they occur. ASU 2016-09 is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted in any annual or interim period for which financial statements have not yet been issued, and all amendments in the ASU that apply must be adopted in the same period. The Company adopted ASU 2016-09 in the fourth quarter of fiscal 2016 and the implementation of this standard did not have material impact on the consolidated financial statements. 5) In June 2016, the FASB issued ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326)” ("ASU 2016-13"). ASU 2016-13 requires that financial assets measured at amortized cost be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis. The income statement reflects the measurement of credit losses for newly recognized financial assets, as well as the expected credit losses during the period. The measurement of expected credit losses is based upon historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses rather than as a direct write-down to the security. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact of the guidance on its consolidated financial statements. 6) In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flow - Classification of Certain Cash Receipts and Cash Payments (Topic 230)” ("ASU 2016-15"), which addresses a few specific cash flow issues with the objective of reducing the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of this new pronouncement on its consolidated statements of cash flows.

Short Term Deposits

Short Term Deposits	12 Months Ended
	Aug. 31, 2016
Short Term Deposits/ Long Term Deposits [Abstract]
SHORT TERM DEPOSITS	NOTE 2 - SHORT-TERM DEPOSITS: Composition August 31, 2016 2015 Annual interest Amount Annual Amount Dollar deposits 0.85-2 % $ 24,254 0.3-1.52 % $ 11,928

Marketable Securities

Marketable Securities	12 Months Ended
	Aug. 31, 2016
Marketable Securities [Abstract]
MARKETABLE SECURITIES	NOTE 3 - MARKETABLE SECURITIES: a. Composition: The Company's marketable securities include investments in equity securities of D.N.A Biomedical Solutions Ltd (“D.N.A”) and in held to maturity bonds. Composition: August 31, 2016 2015 Short-term: D.N.A (see b below) $ 701 $ 1,153 Held to maturity bonds (see c below) 2,154 935 $ 2,855 $ 2,088 Long-term: Held to maturity bonds (see c below) $ 530 $ 940 b. D.N.A The D.N.A ordinary shares are traded on the Tel Aviv Stock Exchange and have a quoted price. The fair value of those securities is measured at the quoted prices of the securities on the measurement date. D.N.A consummated a reverse stock split at a ratio of one-for-two, effective October 4, 2015, and unless otherwise indicated, share amounts of D.N.A included in these financial statements have been adjusted to reflect the effects of the reverse stock split. During the years ended August 31, 2016 and 2015, the Company did not sell any of the D.N.A ordinary shares. During the year ended August 31, 2014, the Subsidiary sold in aggregate 1,312,995 of the D.N.A ordinary shares for a total of $138. As of August 31, 2016, the Company owns approximately 8.7% of D.N.A’s outstanding ordinary shares. The cost of the securities as of August 31, 2016 and 2015 is $595. The cost of the securities sold and the amount reclassified out of accumulated other comprehensive income into financial income (amounting to $80 during the year ended August 31, 2014), were determined by specific identification. c. Held to maturity bonds The amortized cost and estimated fair value of held-to-maturity securities at August 31, 2016, are as follows: August 31, 2016 Amortized cost Gross Estimated Short-term: Commercial bonds $ 2,118 $ - $ 2,118 Accrued interest 36 - 36 Long-term 530 1 531 $ 2,684 $ 1 $ 2,685 As of August 31, 2016, the contractual maturities of debt securities classified as held-to-maturity are as follows: after one year through two years, $530 and the yield to maturity rates vary between 0.96% to 1.8%. The amortized cost and estimated fair value of held-to-maturity securities at August 31, 2015, are as follows: August 31, 2015 Amortized Gross Estimated Short-term: Commercial bonds $ 914 $ (1 ) $ 913 Accrued interest 21 - 21 Long-term 940 (3 ) 937 $ 1,875 $ (4 ) $ 1,871 As of August 31, 2015, the contractual maturities of debt securities classified as held-to-maturity are as follows: after one year through two years, $940, and the yield to maturity rates vary between 0.57% to 1.31%.

Long Term Deposits

Long Term Deposits	12 Months Ended
	Aug. 31, 2016
Short Term Deposits/ Long Term Deposits [Abstract]
LONG TERM DEPOSITS	NOTE 4 - LONG TERM DEPOSITS: Composition: August 31, 2016 2015 Bank deposits (1) $ 11,038 $ 8,017 Lease car deposits 4 4 Investment 1 1 $ 11,043 $ 8,022 (1) Represents U.S. dollar bank deposits which carry fixed annual interest rates between 1.84% to 2.01%, with maturities of more than one year from balance sheet date. The latest maturity date is during the year ending August 31, 2018.

Warrants

Warrants	12 Months Ended
	Aug. 31, 2016
Warrants [Abstract]
WARRANTS	NOTE 5 - WARRANTS As part of the Company’s private placements in 2011 and 2012, three warrants to purchase in aggregate 311,797 shares were granted to one of the Company’s existing investors (the "Prior Investor") (collectively, the “Warrants”). The Warrants were granted for five years at an initial exercise price of $6.00 per share. The Prior Investor was granted the right to maintain its percentage of the shares of the Company’s common stock outstanding by purchasing more shares whenever the Company proposes to issue certain additional shares to other investors. Such right only exists so long as the Prior Investor holds at least 5% of the Company's outstanding common stock. In addition, the Prior Investor's Warrants included a full ratchet anti-dilution protection from the second year anniversary date after issuing the warrant, subject to certain limitations. In the event the Company was to issue or sell any common stock for a consideration per share lower than the exercise price then in effect, or was to issue or sell any options, warrants or other rights for the purchase or acquisition of such shares at a consideration per share of less than the exercise price then in effect, the warrants were to be amended to (a) reduce the exercise price to an amount equal to the per share consideration payable to the company in such sale or issuance, and (b) the quantity of warrants were to be updated. As a result of a private placement in August 2012, and an agreement with D.N.A from October 2012, the warrant that was issued in 2011 was twice amended in such that its exercise price was reduced to $3.7656 per share and the number of shares issuable upon its exercise was increased to 290,459. On November 29, 2012, the Company and the Prior Investor entered into a letter agreement (the “Agreement”) in connection with the Warrants, pursuant to the which, the Company and the Prior Investor agreed to amend the Warrants to remove the anti-dilution protection in its entirety. Following the removal of the anti-dilution protection, the Warrants were no longer classified as liabilities and were recorded as stockholders' equity. In addition, as to the Warrants issued in August and November 2012, the exercise price was reduced to $3.7656 per share. On that day, the Company also issued to the Prior Investor an additional warrant to purchase up to 137,311 shares of the Company over a period of four years at an exercise price of $7.20 per share. The fair value of the new warrant at the date of grant was $145, based on the Monte Carlo type model. In addition to the new warrant, the Company’s President, Chief Executive Officer and director (the “CEO”), in his personal capacity as a shareholder of the Company, undertook and agreed that following the execution and delivery of the Agreement, in the event that an adjustment pursuant to the anti-dilution protection of any of the Warrants, as amended, would have been triggered and the number of shares of common stock of the Company that the Prior Investor would have been able to purchase under the Warrants would have increased by an aggregate number in excess of 137,311 shares, then the Prior Investor shall have the right to purchase from the CEO such number of shares of common stock of the Company owned by the CEO equal to such excess, up to a maximum of 112,690 shares of common stock of the Company (the “CEO Option”). The foregoing right shall survive until the expiration date of such Warrants. The fair value of the CEO Option on the date of grant was $168, based on the Monte Carlo type model and was recognized as an expense against the stockholders' equity. On January 4, 2016, the CEO and the Prior Investor terminated the CEO Option. There were no Level 3 items for the years ended August 31, 2016, 2015 and 2014. See note 7f with respect to outstanding warrants.

Commitments

Commitments	12 Months Ended
	Aug. 31, 2016
Commitments [Abstract]
COMMITMENTS	NOTE 6 - COMMITMENTS: a. In March 2011, the Subsidiary sold shares of its investee company, Entera Bio Ltd (“Entera”) to D.N.A, retaining a 3% interest as of March 2011, which is accounted for as a cost method investment (amounting to $1). In consideration for the shares sold to D.N.A, the Company received, among other payments, 4,202,334 ordinary shares of D.N.A (see also note 3). As part of this agreement, the Subsidiary entered into a patent transfer agreement according to which the Subsidiary assigned to Entera all of its right, title and interest in and to the patent application that it has licensed to Entera since August 2010. Under this agreement, the Subsidiary is entitled to receive from Entera royalties of 3% of Entera’s net revenues (as defined in the agreement) and a license back of that patent application for use in respect of diabetes and influenza. As of August 31, 2016, Entera had not yet realized any revenues and had not paid any royalties to the Subsidiary. In addition, as part of a consulting agreement with a third party, dated February 15, 2011, the Subsidiary is obliged to pay this third party royalties of 8% of the net royalties received in respect of the patent that was sold to Entera in March 2011. b. On April 28, 2013, the Subsidiary entered into a lease agreement for its office facilities in Israel. The lease agreement was for a period of 35 months commencing November 1, 2013. The annual lease payment was New Israeli Shekel 89 thousands ($23) from 2014 through 2016, and was linked to the increase in the Israeli consumer price index (“CPI”) (as of August 31, 2016, the future lease payments until the expiration of the lease agreement were $2, based on the exchange rate as of August 31, 2016). The lease expenses for the years ended August 31, 2016, 2015 and 2014 were $23, $23 and $27, respectively . As security for its obligation under this lease agreement the Company provided a bank guarantee in an amount equal to three monthly lease payments. c. The Subsidiary has entered into operating lease agreements for vehicles used by its employees for a period of 3 years. The future lease payments under the lease agreement are $18 and $16 for the years ending August 31, 2017 and 2018, respectively. The lease expenses for the years ended August 31, 2016, 2015 and 2014 were $17, $16 and $28, respectively. As security for its obligation under the lease agreements the Subsidiary deposited $4, which are classified as long-term deposits. d. On May 31, 2016, the Company entered into a consulting agreement with a third party advisor for a period of one year, pursuant to which such advisor will provide investor relations services and will be entitled to receive a monthly cash fee and 10,000 shares of the Company’s common stock that will be issued in four equal quarterly installments commencing August 1, 2016. As of August 31, 2016, the Company had issued to such advisor 2,500 shares. The fair value of the shares at the grant date was $20. e. On July 22, 2014, the Subsidiary entered into a Clinical Research Organization Service Agreement (“CRO Service Agreement”) and on February 29, 2016 into an amendment to the CRO Service Agreement with a third party, to retain it as a Clinical Research Organization (“CRO”), for its Phase 2b clinical trial for an oral insulin capsule for type 2 diabetes patients, which began in the second quarter of calendar year 2015 and was completed in the second quarter of calendar year 2016. As consideration for its services, the Subsidiary will pay the CRO a total amount of approximately $3,841 during the term of the engagement and based on achievement of certain milestones, $3,660 of which were recognized through August 31, 2016. f. On March 3, 2016, the Subsidiary entered into an agreement with a vendor for process development and production of its capsules in an amount of up to CHF 960 thousand ($976), none of which was recognized through August 31, 2016. g. On May 11, 2016, the Subsidiary entered into a Master Service Agreement with a vendor to retain its services for a pre-clinical toxicology trial for an oral GLP-1 analog capsule for type 2 diabetes patients. As consideration for its services, the Subsidiary will pay the vendor a total amount of $1,200 during the term of the engagement and based on achievement of certain milestones, of which $333 was recognized through August 31, 2016. h. On June 13, 2016, the Subsidiary entered into a four-year service agreement with a third party. This agreement is part of the requirements of the License Agreement as described in note 1. This agreement will support the Company’s research and development. The Subsidiary is obligated to pay the third party a total amount of up to €2,360 thousand ($2,630), out of which €800 thousand ($892) is a non-refundable fee to be paid within 12 months from the effective date, €300 thousand ($336) of which were recognized in research and development through August 31, 2016. The remaining fee will be paid over the term of the engagement and will be based on achievement of certain milestones. i. On March 3, 2014, the Subsidiary entered into a Master Service Agreement with a vendor for the process development and production of one of its oral capsule ingredients in the amount of $311, $40 of which was recognized through August 31, 2016, and bonus payments of up to $600 that will be paid upon achieving certain milestones, as described in the agreement, none of which was recognized through August 31, 2016. On July 24, 2016, the Subsidiary entered into a General Technical Agreement with the same vendor, for the scale-up process development and production of the same capsule ingredients in the amount of $4,300 that will be paid over the term of the engagement and based on the achievement of certain development milestones, $1,225 of which were recognized in research and development through August 31, 2016. This agreement is part of the requirements of the License Agreement as described in note 1. j. Grants from Bio-Jerusalem The Subsidiary is committed to pay royalties to Bio-Jerusalem on proceeds from future sales at a rate of 4% and up to 100% of the amount of the grant received (Israeli CPI linked) at the total amount of $65. During the years ended August 31, 2016, 2015 and 2014, the Company received no grants from Bio-Jerusalem. Royalty expenses for the year ended August 31, 2016 of $18 are included in cost of revenues. As of August 31, 2016, the Subsidiary had realized revenues from its project in the amount of $444. k. Grants from the IIA Under the terms of the Company’s funding from the IIA, royalties of 3.5% are payable on sales of products developed from a project so funded, up to a maximum amount equaling 100%-150% of the grants received (dollar linked) with the addition of interest at an annual rate based on LIBOR. At the time the grants were received, successful development of the related projects was not assured. In case of failure of a project that was partly financed as above, the Company is not obligated to pay any such royalties. The total amount that was received through August 31, 2016 was $2,194. Royalty expenses for the year ended August 31, 2016 of $472 are included in cost of revenues and will be paid over the term of the License Agreement in accordance with the revenue recognized from the related project. As of August 31, 2016, the Subsidiary had realized revenues from its project in the amount of $444. l. For the years ended August 31, 2015 and 2014, the research and development expenses are presented net of IIA grants in the total amount of $49 and $428, respectively. For the year ended August 31 2016, no grants were recognized.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Aug. 31, 2016
Stockholders' Equity [Abstract]
STOCK HOLDERS' EQUITY	NOTE 7 - STOCKHOLDERS’ EQUITY: The following are the significant capital stock transactions that took place during the years ended August 31, 2016, 2015 and 2014: a. On December 24, 2013, the Company entered into a Placement Agency Agreement with Aegis Capital Corp. as representative of the several placement agents (the “Placement Agents”), pursuant to which the Placement Agent agreed to use its reasonable best efforts to arrange for the sale of up to 1,580,000 shares of the Company’s common stock. In connection therewith, on December 24, 2013, the Company entered into a Securities Purchase Agreement, pursuant to which the Company agreed to sell an aggregate of 1,580,000 shares of common stock, at a price of $10.00 per share, to two institutional investors in a registered direct offering (the "Offering"). The net proceeds to the Company from the Offering were approximately $14,887, after deducting Placement Agent's commissions of $816 and other offering expenses of the Company. b. On November 3, 2014, the Company entered into a Stock Purchase Agreement with Guangxi Wuzhou Pharmaceutical (Group) Co., Ltd., pursuant to which the Company issued to such investor an aggregate of 696,378 shares of common stock, at a price of $7.18 per share, which was equal to the closing price of the Company’s common stock on the Nasdaq Capital Market on October 31, 2014, for aggregate gross proceeds of approximately $5,000. The net proceeds to the Company from the offering were approximately $4,833, after deducting a finder's fee of $150 and other offering expenses of the Company. The offering closed on November 28, 2014. c. On April 2, 2015, the Company entered into an at the market issuance sales agreement (the “Sales Agreement”) with MLV & Co. LLC (“MLV”) pursuant to which the Company may issue and sell shares of its common stock having an aggregate offering price of up to $25,000 from time to time, at its option, through MLV as its sales agent, subject to certain terms and conditions. Any shares sold will be sold pursuant to the Company’s effective shelf registration statement on Form S-3. The Company will pay MLV a commission of 3.0% of the gross proceeds of the sale of any shares sold through MLV. To date, no shares have been sold under the Sales Agreement. d. On June 4, 2015, the Company entered into a letter of agreement (the “Engagement Letter”) with H.C. Wainwright & Co., LLC (“HCW”), pursuant to which HCW agreed to serve as exclusive agent, advisor or underwriter in any offering of the Company occurring between June 4, 2015 and July 4, 2015. On June 5, 2015, the Company entered into a Securities Purchase Agreement, pursuant to which the Company agreed to sell, in a registered direct offering (the “June 2015 Offering”): (1) an aggregate of 714,286 shares (the “Shares”) of the Company’s common stock at a price of $7.50 per Share to six investors (the “Purchasers”) and (2) at the option of each Purchaser (the “Overallotment Right”), additional shares of the Company’s common stock (the “Overallotment Shares”) up to the number equal to the number of the Shares purchased by such Purchaser and at a price of $10.00 per Overallotment Share. The closing of the sale of the Shares occurred on June 10, 2015. The Overallotment Right shall be exercisable beginning December 10, 2015, and shall remain exercisable until December 10, 2016. Pursuant to the Engagement Letter, HCW received, for its services in the June 2015 Offering, a fee equal to 7% of the gross proceeds raised in the June 2015 Offering and an expense allowance of 1% of the gross proceeds raised in the June 2015 Offering, and affiliates of HCW received warrants to purchase 28,571 shares of common stock of the Company, exercisable immediately and expires after a period of three years and with an exercise price of $10.00 per share. The net proceeds to the Company from the June 2015 Offering were approximately $4,880, after deducting HCW’s expenses and other offering expenses of the Company totaling $478. e. On December 28, 2015, the Company completed a private placement of 1,155,367 shares of the Company's common stock to HTIT. See also note 1. f. As of August 31, 2016, the Company had outstanding warrants exercisable for 615,338 shares of common stock at exercise prices ranging from $3.7656 to $10.00 per share and expiring at various dates between November 29, 2016 and June 10, 2018. The following table presents the warrant activity for the years ended August 31, 2016, 2015 and 2014: 2016 2015 2014 Warrants Weighted- Warrants Weighted- Average Warrants Weighted- Warrants outstanding as of September 1 981,940 $ 5.29 953,369 $ 5.15 1,215,034 $ 5.33 Issued - $ - 28,571 $ 10.00 - $ - Exercised (331,054 ) $ 4.04 - $ - (261,665 ) $ 6.00 Expired (35,548 ) $ 6.00 - $ - - $ - Warrants outstanding as of August 31 615,338 $ 5.92 981,940 $ 5.29 953,369 $ 5.15 Warrants exercisable as of August 31 615,338 $ 5.92 981,496 $ 5.29 952,258 $ 5.15

Stock Based Compensation

Stock Based Compensation	12 Months Ended
	Aug. 31, 2016
Stock Based Compensation [Abstract]
STOCK BASED COMPENSATION	NOTE 8 - STOCK-BASED COMPENSATION: As of August 31, 2016, the Company has one stock option plan, the Second Amended and Restated 2008 Stock Incentive Plan, under which, the Company had reserved a pool of 2,400,000 shares of the Company’s common stock which may be issued at the discretion of the Company’s Board of Directors from time to time. Under this Plan, each option is exercisable into one share of common stock of the Company. The options may be exercised after vesting and in accordance with vesting schedules which will be determined by the Board of Directors for each grant. The maximum term of the options is 10 years. The fair value of each stock option grant is estimated at the date of grant using a Black Scholes option pricing model. The volatility is based on a historical volatility, by statistical analysis of the weekly share price for past periods. The expected term is the length of time until the expected dates of exercising the options, and is estimated with respect to awards granted to employees using the simplified method due to insufficient specific historical information of employees' exercise behavior. The following are the significant stock options transactions with employees, board members and non-employees made during the years ended August 31, 2016, 2015 and 2014: a. On April 9, 2014, options to purchase an aggregate of 94,268 shares of the Company were granted to the CEO and to the Chief Technology Officer (the "CTO"), both related parties, at an exercise price of $12.45 per share (equivalent to the traded market price on the date of grant). The options vested with respect to 31,420 shares of common stock on April 30, 2014, and the remaining shares of common stock vested in eight equal monthly installments of 7,586 each. These options expire on April 9, 2024. The fair value of these options on the date of grant was $781, using the Black Scholes option-pricing model and was based on the following assumptions: dividend yield of 0% for all years; expected volatility of 82.06%; risk-free interest rates of 1.65%; and expected term of 5.21 years. b. On April 9, 2014, options to purchase an aggregate of 52,376 shares of the Company were granted to four members of the Company’s Board of Directors (“Directors”) at an exercise price of $12.45 per share (equivalent to the traded market price on the date of grant). The options vested in two equal installments, on July 1, 2014 and January 1, 2015, and expire on April 9, 2024. The fair value of these options on the date of grant was $435, using the Black Scholes option-pricing model and was based on the following assumptions: dividend yield of 0% for all years; expected volatility of 82.06%; risk-free interest rates of 1.65%; and expected term of 5.21 years. On August 29, 2016, the service period of three Directors was ended and the expiration period of their options was amended to November 29, 2016. c. On November 13, 2014, the Company granted a total of 19,576 restricted stock units (“RSUs”) representing a right to receive shares of the Company’s common stock to the CEO, and the Company’s CTO, both related parties. The RSUs vested in two equal installments, each of 9,788 shares, on November 30 and December 31, 2014. The total fair value of these RSUs on the date of grant was $135, using the quoted closing market share price of $6.90 on the Nasdaq Capital Market on the date of grant. The shares of common stock underlying the RSUs will be issued upon request of the grantee. As of August 31, 2016, a total of 19,576 RSUs were vested and outstanding. d. On November 13, 2014, the Company granted a total of 10,872 RSUs representing a right to receive shares of the Company’s common stock to four members of the Company's Board of Directors. The RSUs vested on January 1, 2015. The total fair value of these RSUs on the date of grant was $75, using the quoted closing market share price of $6.90 on the Nasdaq Capital Market on the date of grant. e. On February 23, 2015, the Company granted a total of 159,696 RSUs representing a right to receive shares of the Company’s common stock to the Company’s CEO and the CTO, both related parties. The RSUs vest in 23 installments consisting of one installment of 13,308 shares on February 28, 2015 and 22 equal monthly installments of 6,654 shares each, commencing March 31, 2015. The total fair value of these RSUs on the date of grant was $728, using the quoted closing market share price of $4.56 on the Nasdaq Capital Market on the date of grant. The shares of common stock underlying the RSUs will be issued upon request of the grantee. As of August 31, 2016, a total of 133,080 RSUs were vested and outstanding. f. On February 23, 2015, the Company granted a total of 88,712 RSUs representing a right to receive shares of the Company’s common stock to four members of the Company's Board of Directors (22,178 RSUs to each director). The RSUs vest in two equal installments, each of 44,356 shares, on December 31, 2015 and December 31, 2016. The total fair value of these RSUs on the date of grant was $405, using the quoted closing market share price of $4.56 on the Nasdaq Capital Market on the date of grant. On August 24, 2016 the Company determined, with respect to three of these members of the Company's Board of Directors, to accelerate the second installment of their RSUs, such that 22,179 RSUs were vested on August 29, 2016 and their remaining 11,088 RSUs were forfeited. g. On February 23, 2015, the Company granted a total of 63,216 RSUs to three employees of the Subsidiary. The RSUs vest in 23 installments, consisting of one installment of 5,268 shares on February 28, 2015 and 22 equal monthly installments of 2,634 shares each, commencing March 31, 2015. The total fair value of these RSUs on the date of grant was $288, using the quoted closing market share price of $4.56 on the Nasdaq Capital Market on the date of grant. h. On November 19, 2015, options to purchase an aggregate of 22,000 of the Company’s shares of common stock were granted to two consultants at an exercise price of $7.36 per share (equivalent to the traded market price on the date of grant) and expiration date of November 19, 2025. 10,000 of the options vested in one installment on December 1, 2015, and the remaining 12,000 options vest in twelve equal quarterly installments, commencing January 1, 2016. On August 3, 2016 the consulting agreement with one of these consultants, to whom 12,000 options were granted, was terminated. As a result, as of August 31, 2016 only 3,000 options were vested, and the remaining 9,000 unvested options were forfeited. In addition, the expiration date of the 3,000 vested options was updated to November 3, 2016 (3 months following the termination date of the agreement). As of August 31, 2016, the Company recorded stock based compensation expenses of $93 related to these awards. i. Options to employees, directors and non-employees The fair value of each option grant is estimated on the date of grant using the Black Scholes option-pricing model with the following assumptions: For options granted in 2016 2014 Expected option life (years) 10.00 5.21 Expected stock price volatility (%) 80.46 82.06 Risk free interest rate (%) 2.24 1.65 Expected dividend yield (%) 0.0 0.0 No options were granted in fiscal 2015. A summary of the status of the stock options granted to employees and directors as of August 31, 2016, 2015 and 2014, and changes during the years ended on those dates, is presented below: Year ended August 31, 2016 2015 2014 Number of options Weighted Number Weighted Number Weighted $ $ $ Options outstanding at beginning of year 904,234 6.75 908,901 6.75 1,049,249 4.13 Changes during the year: Granted - at market price - - - - 149,200 12.45 Forfeited - - (3,297 ) 6.00 - - Exercised - - (1,370 ) 6.00 (289,548 ) 0.18 Options outstanding at end of year 904,234 6.75 904,234 6.75 908,901 6.75 Options exercisable at end of year 904,234 883,234 786,328 Weighted average fair value of options granted during the year $ - $ - $ 8.31 Costs incurred in respect of stock-based compensation for employees and directors, for the years ended August 31, 2016, 2015 and 2014 were $14, $278 and $1,422, respectively. The total intrinsic value of employees' options exercised during the year ended August 31, 2014 was $2,847. The options exercised during the year ended August 31, 2015, were at a price equal to the market price at the exercise date. None of the options were exercised by employees during the year ended August 31, 2016. The following table presents summary information concerning the options granted to employees and directors outstanding as of August 31, 2016: Range of Number Weighted Weighted Aggregate $ Years $ $ 4.08 to 6.00 510,234 3.98 4.94 1,157,359 6.48 to 7.88 244,800 3.72 7.06 105,120 12.45 149,200 5.67 12.45 - 904,234 4.19 6.75 1,262,479 All options granted to employees and directors that were outstanding as of August 31, 2016, were also exercisable as of August 31, 2016. As of August 31, 2016, there were no unrecognized compensation costs related to non-vested options previously granted to employees and directors. A summary of the status of the stock options granted to non-employees outstanding as of August 31, 2016, 2015 and 2014, and changes during the years ended on this date, is presented below: Year ended August 31, 2016 2015 2014 Number Weighted Number Weighted Number Weighted $ $ $ Options outstanding at beginning of year 40,286 7.29 62,221 7.13 79,689 7.21 Changes during the year: Granted 22,000 7.36 Exercised (18,718 ) 6.00 - - (17,468 ) 7.49 Forfeited (9,000 ) 7.36 Expired (4,900 ) 6.00 (21,935 ) 6.82 - - Options outstanding at end of year 29,668 8.35 40,286 7.29 62,221 7.13 Options exercisable at end of year 29,668 36,119 53,888 The Company recorded stock-based compensation of $102, $3 and $46 during the years ended August 31, 2016, 2015 and 2014, respectively, related to non-employees' awards. The total intrinsic value of non-employees' options exercised during the years ended August 31, 2016 and 2014, was $37 and $187, respectively. None of the options were exercised by non-employees during the year ended August 31, 2015. The following table presents summary information concerning the options granted to non-employees outstanding as of August 31, 2016: Range of Number outstanding Weighted Weighted Aggregate $ Years $ $ 7.36 13,000 7.13 7.36 - 9.12 16,668 2.36 9.12 - 29,668 4.45 8.35 - All options granted to non-employees and directors that were outstanding as of August 31, 2016, were also exercisable as of August 31, 2016. As of August 31, 2016, there were no unrecognized compensation costs related to non-vested non-employee options. k. Restricted stock units The following table summarizes the activities for unvested RSUs granted to employees and directors for the years ended August 31, 2016 and 2015: Year ended August 31, 2016 2015 Number of RSUs Unvested at the beginning of period 313,216 - Granted 1,000 346,704 Vested and issued (101,459 ) (33,488 ) Forfeited (11,088 ) - Outstanding at the end of the period 201,669 313,216 Vested and unissued (see notes 8c and 8e) 152,656 72,808 The Company recorded stock-based compensation of $518 and $1,066, during the years ended August 31, 2016 and 2015, respectively, related to RSU awards. As of August 31, 2016, there were $29 of unrecognized compensation costs related to RSUs, to be recorded over the next 12 months.

Financial Income and Expenses

Financial Income and Expenses	12 Months Ended
	Aug. 31, 2016
Financial Income and Expenses [Abstract]
FINANCIAL INCOME AND EXPENSES	NOTE 9 - FINANCIAL INCOME AND EXPENSES a. Financial income Year ended August 31, 2016 2015 2014 Gain on sale of marketable securities (note 3b) $ - $ - $ 80 Income from interest on deposits 378 160 138 Exchange rate differences - - 7 Income from interest on corporate bonds 96 8 - $ 474 $ 168 $ 225 b. Financial expenses Year ended August 31, 2016 2015 2014 Exchange rate differences $ 17 $ 3 $ - Bank commissions 11 9 11 Other 65 6 - $ 93 $ 18 $ 11

Taxes on Income

Taxes on Income	12 Months Ended
	Aug. 31, 2016
Taxes on Income [Abstract]
TAXES ON INCOME	NOTE 10 - TAXES ON INCOME: Taxes on income included in the consolidated statements of operations represent current taxes due to taxable income of the Company and its Subsidiary. a. Corporate taxation in the U.S. The applicable corporate tax rate for the Company is 35%. As of August 31, 2016, the Company has an accumulated tax loss carryforward of approximately $8,370 (as of August 31, 2015, approximately $7,678). Under U.S. tax laws, subject to certain limitations, carryforward tax losses expire 20 years after the year in which incurred. In the case of the Company, subject to potential limitations in accordance with the relevant law, the net loss carryforward will expire in the years 2025 through 2035. b. Corporate taxation in Israel: The Subsidiary is taxed in accordance with Israeli tax laws. The corporate tax rate applicable to 2015 and 2014 is 26.5%. In January 2016, the Law for the Amendment of the Income Tax Ordinance (No.216) was published, enacting a reduction of corporate tax rate beginning in 2016 and thereafter, from 26.5% to 25%. There is no impact on the financial statements of the Company as a result of the changes in the Israeli corporate tax rate as the Subsidiary is in a loss position for tax purposes. As of August 31, 2016, the Subsidiary has an accumulated tax loss carryforward of approximately $25,160 (as of August 31, 2015, approximately $14,245). Under the Israeli tax laws, carryforward tax losses have no expiration date. Deferred income taxes: August 31, 2016 2015 2014 In respect of: Net operating loss carryforward $ 9,219 $ 5,750 $ 4,890 Research and development expenses - 906 688 Less - valuation allowance (9,219 ) (6,656 ) (5,578 ) Net deferred tax assets $ - $ - $ - Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a full valuation allowance. c. Loss before taxes on income and income taxes included in the income statements of operations: Year ended August 31, 2016 2015 2014 Loss before taxes on income: U.S. $ 959 $ 1,226 $ 893 Outside U.S. 8,670 6,007 4,799 $ 9,629 $ 7,233 $ 5,692 Taxes on income (tax benefit): Current: U.S. (15 ) - - Outside U.S. 1,350 (1 ) 4 $ 1,335 $ (1 ) $ 4 Taxes on income of $1,350 is derived from withholding tax deducted from HTIT milestones payments, which were received during the year ended August 31, 2016, according to the License Agreement. As of August 31, 2016, the Company did not expect to reach taxable income in the 5 years following the balance sheet date, and therefore recognized this amount as taxes on income. d. Reconciliation of the statutory tax benefit to effective tax expense Following is a reconciliation of the theoretical tax expense, assuming all income is taxed at the regular tax rates applicable to companies in the United States, and the actual tax expense: Year ended August 31, 2016 2015 2014 Loss before income taxes as reported in the consolidated statement of comprehensive loss $ (9,629 ) $ (7,233 ) $ (5,692 ) Statutory tax benefit (3,370 ) (2,531 ) (1,992 ) Increase (decrease) in income taxes resulting from: Change in the balance of the valuation allowance for deferred tax 2,563 1,599 1,104 Disallowable deductions 167 422 480 Influence of different tax rates and changes in tax rates applicable to the Subsidiary 640 510 408 Withholding tax, see note 10c above 1,350 - - Uncertain tax position (15 ) (1 ) 4 Taxes on income (tax benefit) for the reported year $ 1,335 $ (1 ) $ 4 e. Uncertainty in Income Taxes Accounting Standards Codification No.740 “Income Taxes” requires significant judgment in determining what constitutes an individual tax position as well as assessing the outcome of each tax position. Changes in judgment as to recognition or measurement of tax positions can materially affect the estimate of the effective tax rate and consequently, affect the operating results of the Company. The Company recognizes interest and penalties related to its tax contingencies as income tax expense. For the three years ended August 31, 2016, the Company did not record any amount for penalties related to tax contingencies. The following table summarizes the activity of the Company unrecognized tax benefits: Year ended August 31, 2016 2015 2014 Balance at Beginning of Year $ 26 $ 27 23 Increase (decrease) in uncertain tax positions for the current year (15 ) (1 ) 4 Balance at End of Year $ 11 $ 26 $ 27 The Company does not expect unrecognized tax expenses to change significantly over the next 12 months. The Company is subject to U.S. Federal income tax examinations for the tax years of 2011 through 2016. The Subsidiary is subject to Israeli income tax examinations for the tax years of 2012 through 2016. f. Valuation Allowance Rollforward Year ended August 31, Balance at beginning of period Additions Balance at end of period Allowance in respect of carryforward tax losses: Year ended August 31, 2016 $ 6,656 $ 2,563 $ 9,219 Year ended August 31, 2015 $ 5,578 1,078 6,656 Year ended August 31, 2014 $ 4,332 $ 1,246 $ 5,578

Related Parties - Transactions

Related Parties - Transactions	12 Months Ended
	Aug. 31, 2016
Related Parties - Transactions [Abstract]
RELATED PARTIES - TRANSACTIONS	NOTE 11 - RELATED PARTIES - TRANSACTIONS: a. During each of the fiscal years of 2016, 2015 and 2014 the Company paid to directors $92, $47 and $40, respectively, as directors' fees. b. On July 1, 2008, the Subsidiary entered into two consulting agreements with KNRY Ltd. (“KNRY”), an Israeli company owned by the CEO, whereby the CEO and the CTO, through KNRY, provide services to the Company (the “Consulting Agreements”). The Consulting Agreements are both terminable by either party upon 60 days prior written notice. The Consulting Agreements provide that KNRY (i) will be paid a gross amount of NIS 50,400 ($14) per month for each of the CEO and CTO and (ii) will be reimbursed for reasonable expenses incurred in connection with performance of the Consulting Agreements. The Consulting Agreements have been amended several times. According to the latest amendments on June 6, 2016, the CEO's and CTO's monthly payment was set at NIS 95,460 and NIS 69,960, respectively. c. Balances with related parties: August 31, 2016 2015 Accounts payable and accrued expenses - KNRY $ 48 $ 36 d. Expenses to related parties: Year ended August 31, 2016 2015 2014 KNRY $ 839 $ 586 $ 671

Significant Accounting Polici18

Significant Accounting Policies (Policies)	12 Months Ended
	Aug. 31, 2016
Significant Accounting Policies [Abstract]
General	a. General 1) Incorporation and operations Oramed Pharmaceuticals Inc. (collectively with its subsidiary, the “Company”, unless the context indicates otherwise) was incorporated on April 12, 2002, under the laws of the State of Nevada. From incorporation until March 3, 2006, the Company was an exploration stage company engaged in the acquisition and exploration of mineral properties. On February 17, 2006, the Company entered into an agreement with Hadasit Medical Services and Development Ltd. (“Hadasit”) to acquire the provisional patent related to orally ingestible insulin capsule to be used for the treatment of individuals with diabetes. On May 14, 2007, the Company incorporated a wholly-owned subsidiary in Israel, Oramed Ltd. (the “Subsidiary”), which is engaged in research and development. On March 11, 2011, the Company was reincorporated from the State of Nevada to the State of Delaware. On November 30, 2015, the Company entered into a Technology License Agreement with Hefei Tianhui Incubation of Technologies Co. Ltd. (“HTIT”) and on December 21, 2015, the parties entered into an Amended and Restated Technology License Agreement, that was further amended by the parties on June 3, 2016 and July 24, 2016 (the “License Agreement”). According to the License Agreement, the Company granted HTIT an exclusive commercialization license in the territory of the Peoples Republic of China, Macau and Hong Kong (the “Territory”), related to the Company’s oral insulin capsule, ORMD-0801. Pursuant to the License Agreement, HTIT will conduct, at its own expense, certain pre-commercialization and regulatory activities with respect to the Subsidiary’s technology and ORMD-0801 capsule, and will pay to the Subsidiary (i) royalties of 10% on net sales of the related commercialized products to be sold by HTIT in the Territory (“Royalties”), and (ii) an aggregate of $37,500, of which $3,000 is payable immediately, $8,000 will be paid subject to the Company entering into certain agreements with certain third parties, and $26,500 will be payable upon achievement of certain milestones and conditions. In the event that the Company does not meet certain conditions, the Royalties rate may be reduced to a minimum of 8%. Following the expiration of the Company's patents covering the technology in the Territory (the “Patents”), the Royalties rate may be reduced, under certain circumstances, to 5%. The Royalties term will commence upon the commercialization of the product and will end upon the later of the expiration of the Patents or fifteen years after the first commercialization of the product in the Territory. Among others, the Company's involvement through the product submission date will include consultancy for the pre-commercialization activities in the Territory, as well as provide advice to HTIT on an ongoing basis. The closing of the License Agreement was conditioned upon the approval of the Israel Innovation Authority (previously the Office of the Chief Scientist) of the Israeli Ministry of Economy & Industry (“IIA”), which was received on December 21, 2015. The initial payment of $3,000 was received in January 2016 and the second payment of $6,500 was received in July 2016 following achievement of certain milestones. Since the Company entered into the required agreements with certain third parties, as detailed in notes 6h and 6i, it was entitled to $8,000 as of August 31, 2016, of which $4,000 was received in July 2016 and $4,000 was received in October 2016. In addition, on November 30, 2015, the Company entered into a Stock Purchase Agreement with HTIT (the “SPA”). According to the SPA, the Company issued 1,155,367 shares of common stock to HTIT for $12,000. The transaction closed on December 28, 2015. The License Agreement and the SPA were considered a single arrangement with multiple deliverables. The Company allocated the total consideration of $49,500 between the License Agreement and the SPA according to their fair value, as follows: $10,617 was allocated to the issuance of common stock (less issuance expenses of $23), based on the quoted price of the Company's shares on the closing date of the SPA on December 28, 2015, and $38,883 to the License Agreement. Given the Company's continuing involvement through the expected product submission (June 2023), amounts received relating to the License Agreement are recognized over the period from which the Company is entitled to the respective payment, and the expected product submission date using a time-based model approach over the periods that the fees are earned. In July 2015, according to the letter of intent signed between the parties or their affiliates, HTIT's affiliate paid the Subsidiary a non-refundable amount of $500 as a no-shop fee. The no-shop fee was deferred and the related revenue is recognized over the estimated term of the License Agreement. Amounts that were allocated to the License Agreement and milestone payments that the Company was entitled to receive as of August 2016, aggregated $19,383, all of which were received through October 2016. Through August 31, 2016, the Company recognized revenue in the amount of $641, and deferred the remaining amount of $14,766. 2) Development and liquidity risks The Company is engaged in research and development in the biotechnology field for innovative pharmaceutical solutions, including an orally ingestible insulin capsule to be used for the treatment of individuals with diabetes, and the use of orally ingestible capsules for delivery of other polypeptides, and has not generated significant revenues from its operations. Continued operation of the Company is contingent upon obtaining sufficient funding until it becomes profitable. Successful completion of the Company’s development programs and its transition to normal operations is dependent upon obtaining necessary regulatory approvals from the U.S. Food and Drug Administration prior to selling its products within the United States, and foreign regulatory approvals to sell its products internationally, or entering into licensing agreements with third parties. There can be no assurance that the Company will receive regulatory approval of any of its product candidates, and a substantial amount of time may pass before the Company achieves a level of revenues adequate to support its operations, if at all. The Company also expects to incur substantial expenditures in connection with the regulatory approval process for each of its product candidates during their respective developmental periods. Obtaining marketing approval will be directly dependent on the Company’s ability to implement the necessary regulatory steps required to obtain marketing approval in the United States and in other countries. The Company cannot predict the outcome of these activities.
Basis of presentation	b. Basis of presentation The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”).
Use of estimates in the preparation of financial statements	c. Use of estimates in the preparation of financial statements The preparation of the consolidated 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 financial statements date and the reported expenses during the reporting periods. Actual results could differ from those estimates. As applicable to these consolidated financial statements, the most significant estimates and assumptions relate to stock based compensation and to the expected product submission date for revenue recognition purposes.
Functional currency	d. Functional currency The currency of the primary economic environment in which the operations of the Company and its Subsidiary are conducted is the U.S. dollar (“$” or “dollar”). Therefore, the functional currency of the Company and its Subsidiary is the dollar. Transactions and balances originally denominated in dollars are presented at their original amounts. Balances in foreign currencies are translated into dollars using historical and current exchange rates for non-monetary and monetary balances, respectively. For foreign transactions and other items reflected in the statements of operations, the following exchange rates are used: (1) for transactions - exchange rates at transaction dates or average rates and (2) for other items (derived from non-monetary balance sheet items such as depreciation) - historical exchange rates. The resulting transaction gains or losses are carried to financial income or expenses, as appropriate.
Principles of consolidation	e. Principles of consolidation The consolidated financial statements include the accounts of the Company and its Subsidiary. All inter-company transactions and balances have been eliminated in consolidation.
Cash equivalents	f. Cash equivalents The Company considers all short term, highly liquid investments, which include short-term deposits with original maturities of three months or less from the date of purchase that are not restricted as to withdrawal or use and are readily convertible to known amounts of cash, to be cash equivalents.
Fair value measurement	g. Fair value measurement: The Company measures fair value and discloses fair value measurements for 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. In order to increase consistency and comparability in fair value measurements, the guidance establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described as follows: Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. Level 2: Observable prices that are based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs. As of August 31, 2016, the assets or liabilities measured at fair value are comprised of available for sale equity securities (level 1). 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. As of August 31, 2016, the carrying amount of cash and cash equivalents, short-term deposits, other current assets, accounts payable and accrued expenses approximate their fair values due to the short-term maturities of these instruments. As of August 31, 2016, the carrying amount of long-term deposits approximates their fair values due to the stated interest rates which approximate market rates. The fair value of held to maturity bonds as presented in note 3 was based on a level 1 measurement. The amounts funded in respect of employee rights are stated at cash surrender value which approximates its fair value.
Marketable securities	h. Marketable securities 1) Available-for-sale securities Available-for-sale equity securities are reported at fair value, with unrealized gains and losses, net of related tax recorded as a separate component of other comprehensive income loss (income) in equity until realized. Unrealized losses that are considered to be other-than-temporary are charged to statement of operations as an impairment charge and are included in the consolidated statement of operations under impairment of available-for-sale securities. The Company considers available evidence in evaluating potential impairments of its investments, including the duration and extent to which fair value is less than cost, and the Company’s ability and intent to hold the investment. Realized gains and losses on sales of the securities are included in the consolidated statement of operations as financial income or expenses. 2) Held to maturity securities All debt securities are classified as held-to-maturity because the Company has the positive intent and ability to hold the securities to maturity. Held-to-maturity securities are stated at amortized cost, adjusted for amortization of premiums and accretion of discounts to maturity. On a continuous basis, management assesses whether there are any indicators that the value of the Company’s marketable securities may be impaired, which includes reviewing the underlying cause of any decline in value and the estimated recovery period, as well as the severity and duration of the decline. In the Company’s evaluation, the Company considers its ability and intent to hold these investments for a reasonable period of time sufficient for the Company to recover its cost basis. A marketable security is impaired if the fair value of the security is less than the carrying value of the security and such difference is deemed to be other-than temporary. To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the security over the estimated fair value in the security.
Concentration of credit risks	i. Concentration of credit risks Financial instruments that subject the Company to credit risk consist primarily of cash and cash equivalents, short and long-term deposits and marketable securities which are deposited in major financial institutions. The Company is of the opinion that the credit risk in respect of these balances is remote. As of the date of issuing these financial statements, all amounts due from HTIT have been received, as described in note 1 above.
Property and equipment	j. Property and equipment Property and equipment are recorded at cost and depreciated by the straight-line method over the estimated useful lives of the assets. Annual rates of depreciation are as follows: % Computers and peripheral equipment 33 Office furniture and equipment 15-33 Leasehold improvements are amortized over the term of the lease which is shorter than the estimated useful life of the improvements.
Income taxes	k. Income taxes 1. Deferred taxes Deferred taxes are determined utilizing the asset and liability method based on the estimated future tax effects of differences between the financial accounting and tax bases of assets and liabilities under the applicable tax laws. Deferred tax balances are computed using the tax rates expected to be in effect when those differences reverse. A valuation allowance in respect of deferred tax assets is provided if, based upon the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company has provided a full valuation allowance with respect to its deferred tax assets. See note 10. Regarding the Subsidiary, the recognition is prohibited for deferred tax liabilities or assets that arise from differences between the financial reporting and tax bases of assets and liabilities that are measured from the local currency into dollars using historical exchange rates, and that result from changes in exchange rates or indexing for tax purposes. Consequently, the abovementioned differences were not reflected in the computation of deferred tax assets and liabilities. Taxes that would apply in the event of disposal of investments in the Subsidiary have not been taken into account in computing deferred taxes, as it is the Company’s intention to hold this investment, not to realize it. 2. Uncertainty in income tax The Company follows 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. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement. Such liabilities are classified as long-term, unless the liability is expected to be resolved within twelve months from the balance sheet date. The Company’s policy is to include interest and penalties related to unrecognized tax benefits within income tax expenses.
Revenue recognition	l. Revenue recognition Revenue is recognized when delivery has occurred, evidence of an arrangement exists, title and risks and rewards for the products are transferred to the customer, collection is reasonably assured and product returns can be reliably estimated. Given the Company's continuing involvement through the expected product submission (June 2023), revenue from the License Agreement is recognized over the periods from which the Company is entitled to the respective payments (including milestones), and through the expected product submission date.
Research and development, net	m. Research and development, net Research and development expenses include costs directly attributable to the conduct of research and development programs, including the cost of salaries, employee benefits, the cost of supplies, the cost of services provided by outside contractors, including services related to the Company’s clinical trials, clinical trial expenses and the full cost of manufacturing drug for use in research and preclinical development. All costs associated with research and development are expensed as incurred. Clinical trial costs are a significant component of research and development expenses and include costs associated with third-party contractors. The Company outsources a substantial portion of its clinical trial activities, utilizing external entities such as Contract Research Organizations, independent clinical investigators, and other third-party service providers to assist the Company with the execution of its clinical studies. For each clinical trial that the Company conducts, clinical trial costs are expensed immediately. Grants received from the IIA and from the Bio-Jerusalem fund (“Bio-Jerusalem”) are recognized as grant income when the grants become receivable, provided there is reasonable assurance that the Company will comply with the conditions attached to the grant and there is reasonable assurance the grant will be received. The grants are deducted from the related research and development expenses as the costs are incurred and are presented in R&D expenses, net. See also notes 6(j) and 6(k).
Stock based compensation	n. Stock based compensation Equity awards granted to employees are accounted for using the grant date fair value method. The fair value of share based payment transactions is recognized as an expense over the requisite service period. The expected service period is estimated using the simplified method due to insufficient specific historical information of employees' exercise behavior. The Company elected to recognize compensation cost for an award with only service conditions that has a graded vesting schedule using the accelerated method based on the multiple-option award approach. When stock options are granted as consideration for services provided by consultants and other non-employees, the transaction is accounted for based on the fair value of the consideration received or the fair value of the stock options issued, whichever is more reliably measurable. The fair value of the options granted is measured on a final basis at the end of the related service period and is recognized over the related service period using the straight-line method.
Loss per common share	o. Loss per common share Basic and diluted net loss per common share are computed by dividing the net loss for the period by the weighted average number of shares of common stock outstanding for each period. Outstanding stock options, warrants and restricted stock units have been excluded from the calculation of the diluted loss per share because all such securities are anti-dilutive for all periods presented. The total number of common stock options, warrants and restricted stock units excluded from the calculation of diluted net loss was 2,676,573, 2,249,164 and 2,159,046 for the years ended August 31, 2016, 2015 and 2014, respectively.
Newly issued and recently adopted Accounting Pronouncements	p. Newly issued and recently adopted Accounting Pronouncements 1) In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance on revenue from contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance. The underlying principle is that an entity will recognize revenue upon the transfer of goods or services to customers in an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of the time value of money in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The guidance is effective for the interim and annual periods beginning on or after December 15, 2017 (early adoption is permitted for the interim and annual periods beginning on or after December 15, 2016). The Company is currently evaluating the impact of the guidance on its consolidated financial statements. 2) In January 2016, the FASB issued guidance on recognition and measurement of financial assets and financial liabilities (Accounting Standards Update No. 2016-01) that will supersede most current guidance. Changes to the U.S. GAAP model primarily affect the accounting for equity investments, financial liabilities under the fair value option and the presentation and disclosure requirements for financial instruments. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The accounting for other financial instruments, such as loans, investments in debt securities, and financial liabilities, is largely unchanged. The classification and measurement guidance will be effective in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years (early adoption of the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income is permitted). The Company is currently evaluating the impact of the guidance on its consolidated financial statements. 3) In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)" (“ASU 2016-02”), which supersedes the existing guidance for lease accounting, "Leases (Topic 840)". ASU 2016-02 requires lessees to recognize leases on their balance sheets, and leaves lessor accounting largely unchanged. The amendments in ASU 2016-02 are effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early application is permitted for all entities. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. The Company is currently evaluating the impact of this new standard on its consolidated financial statements. 4) In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718)" ("ASU 2016-09") which simplifies certain aspects of the accounting for share-based payments, including accounting for income taxes, classification of awards as either equity or liabilities, classification on the statement of cash flows as well as allowing an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures as they occur. ASU 2016-09 is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted in any annual or interim period for which financial statements have not yet been issued, and all amendments in the ASU that apply must be adopted in the same period. The Company adopted ASU 2016-09 in the fourth quarter of fiscal 2016 and the implementation of this standard did not have material impact on the consolidated financial statements. 5) In June 2016, the FASB issued ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326)” ("ASU 2016-13"). ASU 2016-13 requires that financial assets measured at amortized cost be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis. The income statement reflects the measurement of credit losses for newly recognized financial assets, as well as the expected credit losses during the period. The measurement of expected credit losses is based upon historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses rather than as a direct write-down to the security. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact of the guidance on its consolidated financial statements. 6) In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flow - Classification of Certain Cash Receipts and Cash Payments (Topic 230)” ("ASU 2016-15"), which addresses a few specific cash flow issues with the objective of reducing the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of this new pronouncement on its consolidated statements of cash flows.

Significant Accounting Polici19

Significant Accounting Policies (Tables)	12 Months Ended
	Aug. 31, 2016
Significant Accounting Policies [Abstract]
Schedule of estimated useful lives	% Computers and peripheral equipment 33 Office furniture and equipment 15-33

Short Term Deposits (Tables)

Short Term Deposits (Tables)	12 Months Ended
	Aug. 31, 2016
Short Term Deposits/ Long Term Deposits [Abstract]
Schedule of short term debt	August 31, 2016 2015 Annual interest Amount Annual Amount Dollar deposits 0.85-2 % $ 24,254 0.3-1.52 % $ 11,928

Marketable Securities (Tables)

Marketable Securities (Tables)	12 Months Ended
	Aug. 31, 2016
Marketable Securities [Abstract]
Schedule of marketable securities include investments in equity securities	August 31, 2016 2015 Short term: D.N.A (see b below) $ 701 $ 1,153 Held to maturity bonds (see c below) 2,154 935 $ 2,855 $ 2,088 Long term: Held to maturity bonds (see c below) $ 530 $ 940
Schedule of amortized cost and estimated fair value of held-to-maturity securities	August 31, 2016 Amortized Gross unrealized Estimated fair value Short term: Commercial bonds $ 2,118 $ - $ 2,118 Accrued interest 36 - 36 Long term 530 1 531 $ 2,684 $ 1 $ 2,685 \ August 31, 2015 Amortized cost Gross unrealized losses Estimated fair value Short term: Commercial bonds $ 914 $ (1 ) $ 913 Accrued interest 21 - 21 Long term 940 (3 ) 937 $ 1,875 $ (4 ) $ 1,871

Long Term Deposits (Tables)

Long Term Deposits (Tables)	12 Months Ended
	Aug. 31, 2016
Short Term Deposits/ Long Term Deposits [Abstract]
Schedule of long-term deposits	August 31, 2016 2015 Bank deposits (1) $ 11,038 $ 8,017 Lease car deposits 4 4 Investment 1 1 $ 11,043 $ 8,022 (1) Represents U.S. dollar bank deposits which carry fixed annual interest rates between 1.84% to 2.01%, with maturities of more than one year from balance sheet date. The latest maturity date is during the year ending August 31, 2018.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Aug. 31, 2016
Stockholders' Equity [Abstract]
Schedule of warrant activity	2016 2015 2014 Warrants Weighted- Warrants Weighted- Warrants Weighted- Warrants outstanding as of September 1 981,940 $ 5.29 953,369 $ 5.15 1,215,034 $ 5.33 Issued - $ - 28,571 $ 10.00 - $ - Exercised (331,054 ) $ 4.04 - $ - (261,665 ) $ 6.00 Expired (35,548 ) $ 6.00 - $ - - $ - Warrants outstanding as of August 31 615,338 $ 5.92 981,940 $ 5.29 953,369 $ 5.15 Warrants exercisable as of August 31 615,338 $ 5.92 981,496 $ 5.29 952,258 $ 5.15

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
	Aug. 31, 2016
Stock Based Compensation [Abstract]
Schedule of fair value of option grant using the Black Scholes option-pricing model	For options granted in the year ended August 31, 2016 2014 Expected option life (years) 10.00 5.21 Expected stock price volatility (%) 80.46 82.06 Risk free interest rate (%) 2.24 1.65 Expected dividend yield (%) 0.0 0.0
Schedule of stock options granted to employees and directors	Year ended August 31, 2016 2015 2014 Number of options Weighted Number Weighted Number Weighted $ $ $ Options outstanding at beginning of year 904,234 6.75 908,901 6.75 1,049,249 4.13 Changes during the year: Granted - at market price - - - - 149,200 12.45 Forfeited - - (3,297 ) 6.00 - - Exercised - - (1,370 ) 6.00 (289,548 ) 0.18 Options outstanding at end of year 904,234 6.75 904,234 6.75 908,901 6.75 Options exercisable at end of year 904,234 883,234 786,328 Weighted average fair value of options granted during the year $ - $ - $ 8.31
Schedule of options granted to employees and directors outstanding and exercisable	Range of Number Weighted Weighted Aggregate $ Years $ $ 4.08 to 6.00 510,234 3.98 4.94 1,157,359 6.48 to 7.88 244,800 3.72 7.06 105,120 12.45 149,200 5.67 12.45 - 904,234 4.19 6.75 1,262,479
Schedule of stock options granted to non-employees outstanding	Year ended August 31, 2016 2015 2014 Number Weighted Number Weighted Number Weighted $ $ $ Options outstanding at beginning of year 40,286 7.29 62,221 7.13 79,689 7.21 Changes during the year: Granted 22,000 7.36 Exercised (18,718 ) 6.00 - - (17,468 ) 7.49 Forfeited (9,000 ) 7.36 Expired (4,900 ) 6.00 (21,935 ) 6.82 - - Options outstanding at end of year 29,668 8.35 40,286 7.29 62,221 7.13 Options exercisable at end of year 29,668 36,119 53,888
Schedule of concerning the options granted to non-employees outstanding and exercisable	Range of Number Weighted Weighted Aggregate $ Years $ $ 7.36 13,000 7.13 7.36 - 9.12 16,668 2.36 9.12 - 29,668 4.45 8.35 -
Schedule of activities for unvested RSUs granted to employees and directors	Year ended August 31, 2016 2015 Number of RSUs Unvested at the beginning of period 313,216 - Granted 1,000 346,704 Vested and issued (101,459 ) (33,488 ) Forfeited (11,088 ) - Outstanding at the end of the period 201,669 313,216 Vested and unissued (see notes 8c and 8e) 152,656 72,808

Financial Income and Expenses (

Financial Income and Expenses (Tables)	12 Months Ended
	Aug. 31, 2016
Financial Income and Expenses [Abstract]
Schedule of financial income	Year ended August 31, 2016 2015 2014 Gain on sale of marketable securities (note 3b) $ - $ - $ 80 Income from interest on deposits 378 160 138 Exchange rate differences - - 7 Income from interest on corporate bonds 96 8 - $ 474 $ 168 $ 225
Schedule of financial expenses	Year ended August 31, 2016 2015 2014 Exchange rate differences $ 17 $ 3 $ - Bank commissions 11 9 11 Other 65 6 - $ 93 $ 18 $ 11

Taxes on Income (Tables)

Taxes on Income (Tables)	12 Months Ended
	Aug. 31, 2016
Taxes on Income [Abstract]
Schedule of deferred income taxes	August 31, 2016 2015 2014 In respect of: Net operating loss carryforward $ 9,219 $ 5,750 $ 4,890 Research and development expenses - 906 688 Less - valuation allowance (9,219 ) (6,656 ) (5,578 ) Net deferred tax assets $ - $ - $ -
Schedule of income taxes included in the income statements	Year ended August 31, 2016 2015 2014 Loss before taxes on income: U.S. $ 959 $ 1,226 $ 893 Outside U.S. 8,670 6,007 4,799 $ 9,629 $ 7,233 $ 5,692 Taxes on income (tax benefit): Current: U.S. (15 ) - - Outside U.S. 1,350 (1 ) 4 $ 1,335 $ (1 ) $ 4
Schedule of reconciliation of income taxes	Year ended August 31, 2016 2015 2014 Loss before income taxes as reported in the consolidated statement of comprehensive loss $ (9,629 ) $ (7,233 ) $ (5,692 ) Statutory tax benefit (3,370 ) (2,531 ) (1,992 ) Increase (decrease) in income taxes resulting from: Change in the balance of the valuation allowance for deferred tax 2,563 1,599 1,104 Disallowable deductions 167 422 480 Influence of different tax rates and changes in tax rates applicable to the Subsidiary 640 510 408 Withholding tax, see note 10c above 1,350 - - Uncertain tax position (15 ) (1 ) 4 Taxes on income (tax benefit) for the reported year $ 1,335 $ (1 ) $ 4
Schedule of unrecognized tax benefits activity	Year ended August 31, 2016 2015 2014 Balance at Beginning of Year $ 26 $ 27 23 Increase (decrease) in uncertain tax positions for the current year (15 ) (1 ) 4 Balance at End of Year $ 11 $ 26 $ 27
Schedule of valuation allowance rollforward	Year ended August 31, Balance at beginning of period Additions Balance at end of period Allowance in respect of carryforward tax losses: Year ended August 31, 2016 $ 6,656 $ 2,563 $ 9,219 Year ended August 31, 2015 $ 5,578 1,078 6,656 Year ended August 31, 2014 $ 4,332 $ 1,246 $ 5,578

Related Parties - Transactions

Related Parties - Transactions (Tables)	12 Months Ended
	Aug. 31, 2016
Related Parties - Transactions [Abstract]
Schedule of balances with related parties	August 31, 2016 2015 Accounts payable and accrued expenses - KNRY $ 48 $ 36
Schedule of expenses to related parties	Year ended August 31, 2016 2015 2014 KNRY $ 839 $ 586 $ 671

Significant Accounting Polici28

Significant Accounting Policies (Details)	Aug. 31, 2016
Computers and peripheral equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated life of useful lives percentage	33.00%
Office furniture and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated life of useful lives percentage	33.00%
Office furniture and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated life of useful lives percentage	15.00%

Significant Accounting Polici29

Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	Oct. 31, 2016	Jul. 31, 2016	Jan. 31, 2016	Dec. 28, 2015	Nov. 30, 2015	Nov. 03, 2014	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Significant Accounting Policies (Textual)
License payment received		$ 4,000	$ 3,000				$ 8,000
Number of common stock issued						696,378
Number of common stock issued ,value				$ 49,500			10,594
Recognize revenue							2,162
Deferred costs							641
Deferred revenues							$ 2,162	$ 500
Securities excluded from the calculation of diluted net loss							2,676,573	2,249,164	2,159,046
Subsequent Event [Member]
Significant Accounting Policies (Textual)
License payment received	$ 4,000
Stock Purchase Agreement [Member]
Significant Accounting Policies (Textual)
Number of common stock issued ,value				10,617
Issuance expenses				23
License Agreement [Member]
Significant Accounting Policies (Textual)
Number of common stock issued ,value				$ 38,883
Recognize revenue							$ 19,383
Second Milestone [Member]
Significant Accounting Policies (Textual)
License payment received		$ 6,500
Second Milestone [Member] | License Agreement [Member]
Significant Accounting Policies (Textual)
Aggregate license costs							$ 19,383
HTIT [Member]
Significant Accounting Policies (Textual)
Percentages of royalties on net sales							10.00%
Aggregate license costs							$ 37,500
License costs payable							3,000
Amount paid subject to the Company entering into certain agreements							8,000
Payable upon achievement of certain milestones and conditions							$ 26,500
Royalty commitment description							In the event that the Company does not meet certain conditions, the Royalties rate may be reduced to a minimum of 8%. Following the expiration of the Company's patents covering the technology in the Territory (the "Patents"), the Royalties rate may be reduced, under certain circumstances, to 5%.
HTIT [Member] | Stock Purchase Agreement [Member]
Significant Accounting Policies (Textual)
Number of common stock issued					1,155,367
Number of common stock issued ,value					$ 12,000

Short Term Deposits (Details)

Short Term Deposits (Details) - Dollar Deposits [Member] - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
Short-term Debt [Line Items]
Short term deposits	$ 24,254	$ 11,928
Minimum [Member]
Short-term Debt [Line Items]
Annual interest rate	0.85%	0.30%
Maximum [Member]
Short-term Debt [Line Items]
Annual interest rate	2.00%	1.52%

Marketable Securities (Details)

Marketable Securities (Details) - USD ($) $ in Thousands	Aug. 31, 2016	Aug. 31, 2015
Short term:
D.N.A (see b below)	$ 701	$ 1,153
Held to maturity bonds (see c below)	2,154	935
Marketable securities	2,855	2,088
Long term:
Held to maturity bonds (see c below)	$ 530	$ 940

Marketable Securities (Details

Marketable Securities (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
Marketable Securities, Current [Abstract]
Maturity securities amortized cost	$ 2,684	$ 1,875
Maturity securities gross unrealized gain (losses)	1	(4)
Maturity securities estimated fair value	2,685	1,871
Long term [Member]
Marketable Securities, Current [Abstract]
Maturity securities amortized cost	530	940
Maturity securities gross unrealized gain (losses)	1	(3)
Maturity securities estimated fair value	531	937
Accrued interest [Member] | Short term [Member]
Marketable Securities, Current [Abstract]
Maturity securities amortized cost	36	21
Maturity securities gross unrealized gain (losses)
Maturity securities estimated fair value	36	21
Commercial bonds [Member] | Short term [Member]
Marketable Securities, Current [Abstract]
Maturity securities amortized cost	2,118	914
Maturity securities gross unrealized gain (losses)		(1)
Maturity securities estimated fair value	$ 2,118	$ 913

Marketable Securities (Detail33

Marketable Securities (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Marketable Securities (Textual)
Number of shares sold			1,312,995
Total consideration			$ 138
Percentage of ownership interest	8.70%
Cost of securities	$ 595	$ 595
Amount reclassified to earnings			$ 80
Marketable securities	$ 530	$ 940
Maximum [Member]
Marketable Securities (Textual)
Yield to cost rates	1.80%	1.31%
Minimum [Member]
Marketable Securities (Textual)
Yield to cost rates	0.96%	0.57%

Long Term Deposits (Details)

Long Term Deposits (Details) - USD ($) $ in Thousands		Aug. 31, 2016	Aug. 31, 2015
Short Term Deposits/ Long Term Deposits [Abstract]
Bank deposits	[1]	$ 11,038	$ 8,017
Lease car deposits		4	4
Investment		1	1
Total long term deposits and investment		$ 11,043	$ 8,022
[1]	Represents U.S. dollar bank deposits which carry fixed annual interest rates between 1.84% to 2.01%, with maturities of more than one year from balance sheet date. The latest maturity date is during the year ending August 31, 2018.

Long Term Deposits (Details Tex

Long Term Deposits (Details Textual)	12 Months Ended
	Aug. 31, 2016
Long Term Deposits (Textual)
Maturity date	Aug. 31, 2018
Maximum [Member]
Long Term Deposits (Textual)
Bank deposits interest rate	2.01%
Minimum [Member]
Long Term Deposits (Textual)
Bank deposits interest rate	1.84%

Warrants (Details)

Warrants (Details)	Jun. 04, 2015$ / shares	Nov. 29, 2012$ / sharesshares	Dec. 31, 2012Warrants$ / sharesshares	Nov. 30, 2012$ / shares	Aug. 31, 2012$ / sharesshares	Dec. 31, 2011Warrants$ / sharesshares	Aug. 31, 2016USD ($)shares	Aug. 31, 2015shares
Warrant (Textual)
Purchase of warrants, Shares							615,338	981,940
Exercise price | $ / shares	$ 10
CEO [Member]
Warrant (Textual)
Fair value of warrants | $							$ 168
Aggregate number in excess of shares							137,311
Number of shares authorized by warrant							112,690
Warrant [Member]
Warrant (Textual)
Fair value of warrants | $							$ 145
Expected term				4 years
Private Placement [Member]
Warrant (Textual)
Number of warrants | Warrants			3			3
Purchase of warrants, Shares			311,797			311,797
Additional warrant issued		137,311
Exercise price | $ / shares		$ 7.20	$ 6	$ 3.7656	$ 3.7656	$ 6
Number of shares authorized by warrant					290,459

Commitments (Details)

Commitments (Details) € in Thousands, SFr in Thousands, $ in Thousands

Jul. 13, 2016USD ($)

Jul. 13, 2016EUR (€)

May 11, 2016USD ($)

Mar. 03, 2016USD ($)

Mar. 03, 2016CHF (SFr)

Jul. 24, 2016USD ($)

May 31, 2016shares

Mar. 31, 2011shares

Aug. 31, 2016USD ($)shares

Aug. 31, 2016EUR (€)shares

Aug. 31, 2015USD ($)

Aug. 31, 2014USD ($)

Long-term Purchase Commitment [Line Items]

Shares issued for services rendered

$ 101

$ 93

$ 102

Total revenue

2,194

Research and development expense

$ 7,709

4,781

3,277

Office Building [Member]

Long-term Purchase Commitment [Line Items]

Operating lease term

35 months

35 months

Annual lease payments 2016

$ 23

Annual lease payments 2017

2

Lease expenses

$ 23

23

27

Vehicles [Member]

Long-term Purchase Commitment [Line Items]

Operating lease term

3 years

3 years

Annual lease payments 2017

$ 18

Annual lease payments 2018

16

Lease expenses

17

16

28

Deposit for lease

$ 4

Bio Jerusalem [Member]

Long-term Purchase Commitment [Line Items]

Royalty percentage

4.00%

Royalty percentage maximum percentage of grants received

100.00%

100.00%

Grants receivable

$ 65

Grants received

444

Royalty expenses

$ 18

Israel Innovation Authority [Member]

Long-term Purchase Commitment [Line Items]

Royalty percentage

3.50%

Total revenue

$ 444

Research and development expense

$ 49

$ 428

Incurred liability royalty

9

Royalty expenses

$ 472

Israel Innovation Authority [Member] | Minimum [Member]

Long-term Purchase Commitment [Line Items]

Royalty percentage

100.00%

Israel Innovation Authority [Member] | Maximum [Member]

Long-term Purchase Commitment [Line Items]

Royalty percentage

150.00%

Entera Bio [Member] | D.N.A. [Member]

Long-term Purchase Commitment [Line Items]

Ownership percentage retained

3.00%

Ordinary shares received | shares

4,202,334

Advisor [Member]

Long-term Purchase Commitment [Line Items]

Shares issued for services | shares

10,000

2,500

2,500

Grants received

$ 20

Clinical Research Organization Service Agreement [Member]

Long-term Purchase Commitment [Line Items]

Commitments for consulting services

3,841

Consulting services

3,660

First Master Service Agreement [Member]

Long-term Purchase Commitment [Line Items]

Commitments for consulting services

$ 1,200

333

Commitments for bonus payments upon achieving certain milestones

600

Third Master Service Agreement [Member]

Long-term Purchase Commitment [Line Items]

Commitments for consulting services

311

Fourth Master Service Agreement [Member]

Long-term Purchase Commitment [Line Items]

Commitments for consulting services

40

Total revenue

$ 2,630

€ 2,360

336

€ 300

Non refundable revenue

892

€ 800

Proposal Agreement [Member]

Long-term Purchase Commitment [Line Items]

Development and production on capsules

$ 976

SFr 960

General Technical Agreement [Member]

Long-term Purchase Commitment [Line Items]

Development and production on capsules

$ 4,300

$ 1,225

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Warrant [Member] - $ / shares	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Warrants
Warrants outstanding as of August 31	981,940	953,369	1,215,034
Issued		28,571
Exercised	(331,054)		(261,665)
Expired	(35,548)
Warrants outstanding as of August 31	615,338	981,940	953,369
Warrants exercisable as of August 31	615,338	981,496	952,258
Weighted-Average Exercise Price
Warrants outstanding as of September 1	$ 5.29	$ 5.15	$ 5.33
Issued		10
Exercised	4.04		6
Expired	6
Warrants outstanding as of August 31	5.92	5.29	5.15
Warrants exercisable as of August 31	$ 5.92	$ 5.29	$ 5.15

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands

Dec. 28, 2015

Jun. 05, 2015

Jun. 04, 2015

Apr. 02, 2015

Nov. 03, 2014

Oct. 31, 2014

Nov. 29, 2012

Aug. 31, 2016

Dec. 24, 2013

Dec. 31, 2012

Nov. 30, 2012

Aug. 31, 2012

Dec. 31, 2011

Aug. 31, 2016

Aug. 31, 2015

Aug. 31, 2014

Jun. 30, 2015

Stockholders Equity (Textual)

Aggregate of common stock shares

696,378

Net proceeds from offering

$ 10,594

$ 9,713

$ 14,887

Common stock offering price

$ 49,500

$ 10,594

Percentage of commission

3.00%

Purchase of warrants, Shares

615,338

615,338

981,940

Exercise price

$ 10

Securities Purchase Agreement [Member]

Stockholders Equity (Textual)

Aggregate of common stock shares

1,580,000

Placement Agency Agreements [Member]

Stockholders Equity (Textual)

Aggregate of common stock shares

1,580,000

Purchase price per share

$ 10

Net proceeds from offering

$ 14,887

Placement agent's commissions

$ 816

Stock Purchase Agreement [Member]

Stockholders Equity (Textual)

Purchase price per share

$ 7.18

Net proceeds from offering

$ 4,833

$ 5,000

Placement agent's commissions

$ 150

Common stock offering price

$ 25,000

Engagement Letter [Member]

Stockholders Equity (Textual)

Aggregate of common stock shares

714,286

Purchase price per share

$ 10

Net proceeds from offering

$ 4,880

Placement agent's commissions

$ 478

Common stock price

$ 7.50

Sale of stock, description

The Overallotment Right shall be exercisable beginning December 10, 2015, and shall remain exercisable until December 10, 2016. Pursuant to the Engagement Letter, HCW received, for its services in the June 2015 Offering, a fee equal to 7% of the gross proceeds raised in the June 2015 Offering and an expense allowance of 1% of the gross proceeds raised in the June 2015 Offering

Purchase of warrants, Shares

28,571

Exercise price

$ 10

Private Placement [Member]

Stockholders Equity (Textual)

Aggregate of common stock shares

1,155,367

Purchase of warrants, Shares

311,797

311,797

Exercise price

$ 7.20

$ 6

$ 3.7656

$ 3.7656

$ 6

Maximum [Member]

Stockholders Equity (Textual)

Exercise price

$ 10

$ 10

Investment warrants expiration date

Jun. 10, 2018

Minimum [Member]

Stockholders Equity (Textual)

Exercise price

$ 3.7656

$ 3.7656

Investment warrants expiration date

Nov. 29, 2016

Stock Based Compensation (Detai

Stock Based Compensation (Details) - Options [Member]	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2014
Schedule of fair value of each option grant using the Black Scholes option-pricing model
Expected option life (years)	10 years	5 years 2 months 16 days
Expected stock price volatility (%)	80.46%	82.06%
Risk free interest rate (%)	2.24%	1.65%
Expected dividend yield (%)	0.00%	0.00%

Stock Based Compensation (Det41

Stock Based Compensation (Details 1) - Employees and directors [Member] - $ / shares	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Number of options
Options outstanding at beginning of year	904,234	908,901	1,049,249
Changes during the year:
Granted - at market price			149,200
Forfeited		(3,297)
Exercised		(1,370)	(289,548)
Options outstanding at end of year	904,234	904,234	908,901
Options exercisable at end of year	904,234	883,234	786,328
Weighted average fair value of options granted during the year			$ 8.31
Weighted average exercise price
Options outstanding at beginning of year	6.75	6.75	4.13
Changes during the year:
Granted - at market price			12.45
Forfeited		6
Exercised		6	0.18
Options outstanding at end of year	$ 6.75	$ 6.75	$ 6.75

Stock Based Compensation (Det42

Stock Based Compensation (Details 2) $ / shares in Units, $ in Thousands	12 Months Ended
	Aug. 31, 2016USD ($)$ / sharesshares
Employees and directors [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number outstanding | shares	904,234
Outstanding, weighted average remaining contractual life, years	4 years 2 months 9 days
Outstanding, weighted average exercise price | $ / shares	$ 6.75
Outstanding, aggregate intrinsic value | $	$ 1,262,479
Employees and directors [Member] | $4.08 to 6.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number outstanding | shares	510,234
Outstanding, weighted average remaining contractual life, years	3 years 11 months 23 days
Outstanding, weighted average exercise price | $ / shares	$ 4.94
Outstanding, aggregate intrinsic value | $	$ 1,157,359
Employees and directors [Member] | $6.48 to 7.88 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number outstanding | shares	244,800
Outstanding, weighted average remaining contractual life, years	3 years 8 months 19 days
Outstanding, weighted average exercise price | $ / shares	$ 7.06
Outstanding, aggregate intrinsic value | $	$ 105,120
Employees and directors [Member] | $12.45 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number outstanding | shares	149,200
Outstanding, weighted average remaining contractual life, years	5 years 8 months 1 day
Outstanding, weighted average exercise price | $ / shares	$ 12.45
Outstanding, aggregate intrinsic value | $
Non-employees [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number outstanding | shares	29,668
Outstanding, weighted average remaining contractual life, years	4 years 5 months 12 days
Outstanding, weighted average exercise price | $ / shares	$ 8.35
Outstanding, aggregate intrinsic value | $
Non-employees [Member] | 7.36 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number outstanding | shares	13,000
Outstanding, weighted average remaining contractual life, years	7 years 1 month 17 days
Outstanding, weighted average exercise price | $ / shares	$ 7.36
Outstanding, aggregate intrinsic value | $
Non-employees [Member] | 9.12 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number outstanding | shares	16,668
Outstanding, weighted average remaining contractual life, years	2 years 4 months 10 days
Outstanding, weighted average exercise price | $ / shares	$ 9.12
Outstanding, aggregate intrinsic value | $

Stock Based Compensation (Det43

Stock Based Compensation (Details 3) - Non Employees [Member] - $ / shares	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Number of options
Options outstanding at beginning of year	40,286	62,221	79,689
Changes during the year:
Granted	22,000
Exercised	(18,718)		(17,468)
Forfeited	(9,000)
Expired	(4,900)	(21,935)
Options outstanding at end of year	29,668	40,286	62,221
Options exercisable at end of year	29,668	36,119	53,888
Weighted average exercise price
Options outstanding at beginning of year	$ 7.29	$ 7.13	$ 7.21
Changes during the year:
Granted	7.36
Exercised	6		7.49
Forfeited	7.36
Expired	6	6.82
Options outstanding at end of year	$ 8.35	$ 7.29	$ 7.13

Stock Based Compensation (Det44

Stock Based Compensation (Details 4) - Restricted Stock Units (RSUs) [Member] - Employees And Directors [Member] - shares	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at the beginning of period	313,216
Granted	1,000	346,704
Vested and issued	(101,459)	(33,488)
Forfeited	(11,088)
Outstanding at the end of the period	201,669	313,216
Vested and unissued (see notes 8c and 8e)	152,656	72,808

Stock Based Compensation (Det45

Stock Based Compensation (Details Textual)	Aug. 03, 2016shares	Feb. 23, 2015USD ($)Installments$ / sharesshares	Nov. 13, 2014USD ($)Installments$ / sharesshares	Apr. 09, 2014USD ($)Installments$ / sharesshares	Aug. 24, 2016shares	Nov. 19, 2015$ / sharesshares	Aug. 31, 2016USD ($)$ / sharesshares	Aug. 31, 2015USD ($)$ / sharesshares	Aug. 31, 2014USD ($)$ / sharesshares
Stock-Based Compensation (Textual)
Stock based compensation | $							$ 634,000	$ 1,347,000	$ 1,468,000
Share based compensation expenses | $							$ 93,000
Employees And Directors [Member]
Stock-Based Compensation (Textual)
Options granted									149,200
Options granted, exercise price | $ / shares									$ 12.45
Stock based compensation | $							$ 14,000	$ 278,000	$ 1,422,000
Intrinsic value of options exercised | $									$ 2,847,000
Unrecognized compensation expense | $
RSU forfeited
Non Employees [Member]
Stock-Based Compensation (Textual)
Options granted							22,000
Options granted, exercise price | $ / shares							$ 7.36
Stock based compensation | $							$ 102,000	$ 3,000	$ 46,000
Intrinsic value of options exercised | $							$ 37,000		$ 187
Amended and Restated 2008 Stock Incentive Plan [Member]
Stock-Based Compensation (Textual)
Number of shares reserved for grant							2,400,000
Restricted stock units [Member]
Stock-Based Compensation (Textual)
Stock based compensation | $							$ 518,000	1,066,000
Unrecognized compensation expense | $							$ 29,000
CEO and CTO [Member]
Stock-Based Compensation (Textual)
Options vested				31,420
Options granted				94,268
Options granted, exercise price | $ / shares				$ 12.45
Number of vesting installments | Installments				8
Fair value of options granted | $				$ 781,000
Number of options to vest each installment				7,586
Expiration date				Apr. 9, 2024
Expected dividend yield				0.00%
Expected volatility				82.06%
Risk-free interest rate				1.65%
Expected term				5 years 2 months 16 days
CEO and CTO [Member] | Restricted stock units [Member]
Stock-Based Compensation (Textual)
Number of shares reserved for grant		159,696	19,576
Number of installments | Installments		23	2
Options vested			9,788
Vested and outstanding RSUs		133,080	19,576
Fair value of restricted stock units | $		$ 728,000	$ 135,000
Quoted closing market share price | $ / shares		$ 4.56	$ 6.90
CEO and CTO [Member] | Restricted stock units [Member] | One installment
Stock-Based Compensation (Textual)
Number of installments | Installments		1
Options vested		13,308
CEO and CTO [Member] | Restricted stock units [Member] | 22 equal monthly installments
Stock-Based Compensation (Textual)
Number of installments | Installments		22
Options vested		6,654
Board of Directors [Member]
Stock-Based Compensation (Textual)
Maximum term of the options							10 years
Unrecognized compensation expense | $
Board of Directors [Member] | Restricted stock units [Member] | Second Installment [Member]
Stock-Based Compensation (Textual)
RSU vested					22,179
RSU forfeited					11,088
Subsidiary Employees Three [Member] | Restricted stock units [Member]
Stock-Based Compensation (Textual)
Share-based Compensation awards granted		63,216
Number of installments | Installments		23
Fair value of restricted stock units | $		$ 288,000
Quoted closing market share price | $ / shares		$ 4.56
Subsidiary Employees Three [Member] | Restricted stock units [Member] | One installment
Stock-Based Compensation (Textual)
Number of installments | Installments		1
Options vested		5,268
Subsidiary Employees Three [Member] | Restricted stock units [Member] | 22 equal monthly installments
Stock-Based Compensation (Textual)
Number of installments | Installments		22
Options vested		2,634
Board of Directors Four [Member]
Stock-Based Compensation (Textual)
Options granted				52,376
Options granted, exercise price | $ / shares				$ 12.45
Number of vesting installments | Installments				2
Fair value of options granted | $				$ 435,000
Expiration date				Apr. 9, 2024
Expected dividend yield				0.00%
Expected volatility				82.06%
Risk-free interest rate				1.65%
Expected term				5 years 2 months 16 days
Board of Directors Four [Member] | Restricted stock units [Member]
Stock-Based Compensation (Textual)
Number of shares reserved for grant		88,712	10,872
Number of installments | Installments		2
Options vested		44,356
Fair value of restricted stock units | $		$ 405,000	$ 75,000
Quoted closing market share price | $ / shares		$ 4.56	$ 6.90
RSUs granted to each director		22,178
Consultants [Member]
Stock-Based Compensation (Textual)
Options vested	3,000
Options granted	12,000
Unvested options forfeited	9,000
Options vested expiration description	In addition, the expiration date of the 3,000 vested options was updated to November 3, 2016 (3 months following the termination date of the agreement).
Two Consultants [Member]
Stock-Based Compensation (Textual)
Options granted						22,000
Options granted, exercise price | $ / shares						$ 7.36
Expiration date						Nov. 19, 2025
Two Consultants [Member] | One installment
Stock-Based Compensation (Textual)
Options vested						10,000
Two Consultants [Member] | Twelve Equal Installments [Member]
Stock-Based Compensation (Textual)
Options vested						12,000

Financial Income and Expenses46

Financial Income and Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Financial income
Gain on sale of marketable securities (note 3b)			$ 80
Income from interest on deposits	378	160	138
Exchange rate differences			7
Income from interest on corporate bonds	96	8
Financial income	$ 474	$ 168	$ 225

Financial Income and Expenses47

Financial Income and Expenses (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Financial expenses
Exchange rate differences	$ 17	$ 3
Bank commissions	11	9	11
Other	65	6
Financial expenses	$ 93	$ 18	$ 11

Taxes on Income (Details)

Taxes on Income (Details) - USD ($) $ in Thousands	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Schedule of deferred income taxes
Net operating loss carryforward	$ 9,219	$ 5,750	$ 4,890
Research and development expenses		906	688
Less - valuation allowance	(9,220)	(6,656)	(5,578)
Net deferred tax assets

Taxes on Income (Details 1)

Taxes on Income (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Loss before taxes on income:
U.S.	$ 959	$ 1,226	$ 893
Outside U.S.	8,670	6,007	4,799
LOSS BEFORE TAXES ON INCOME	9,629	7,233	5,692
Current:
U.S.	(15)
Outside U.S.	1,350	(1)	4
Income tax expenses (benefit), Total	$ 1,335	$ (1)	$ 4

Taxes on Income (Details 2)

Taxes on Income (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Schedule of reconciliation of income taxes
Loss before income taxes as reported in the consolidated statement of comprehensive loss	$ (9,629)	$ (7,233)	$ (5,692)
Statutory tax benefit	(3,370)	(2,531)	(1,992)
Increase (decrease) in income taxes resulting from:
Change in the balance of the valuation allowance for deferred tax	2,563	1,599	1,104
Disallowable deductions	167	422	480
Influence of different tax rates and changes in tax rates applicable to the Subsidiary	640	510	408
Withholding tax, see note 10c above	1,350
Uncertain tax position	(15)	(1)	4
Taxes on income (tax benefit) for the reported year	$ (1,335)	$ 1	$ (4)

Taxes on Income (Details 3)

Taxes on Income (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Schedule of unrecognized tax benefits activity
Balance at Beginning of Year	$ 26	$ 27	$ 23
Increase (decrease) in uncertain tax positions for the current year	(15)	(1)	4
Balance at End of Year	$ 11	$ 26	$ 27

Taxes on Income (Details 4)

Taxes on Income (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Deferred Tax Assets, Net of Valuation Allowance [Abstract]
Balance at beginning of period	$ 6,656	$ 5,578
Balance at end of period	9,220	6,656	$ 5,578
Year ended August 31, 2016 [Member]
Deferred Tax Assets, Net of Valuation Allowance [Abstract]
Balance at beginning of period	6,656
Additions	2,563
Balance at end of period	9,219	6,656
Year ended August 31, 2015 [Member]
Deferred Tax Assets, Net of Valuation Allowance [Abstract]
Balance at beginning of period	$ 6,656	5,578
Additions		1,078
Balance at end of period		6,656	5,578
Year ended August 31, 2014 [Member]
Deferred Tax Assets, Net of Valuation Allowance [Abstract]
Balance at beginning of period		$ 5,578	4,332
Additions			1,246
Balance at end of period			$ 5,578

Taxes on Income (Details Textua

Taxes on Income (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
Taxes on income (Textual)
Carryforward tax losses expire	5 years
Corporate taxation in the U.S. [Member]
Taxes on income (Textual)
Corporate tax rate	35.00%
Accumulated tax loss carryforward	$ 8,370	$ 7,678
Carryforward tax losses expire	20 years
Net loss carryforward will expire years, Description	2025 through 2035.
Corporate taxation in Israel [Member]
Taxes on income (Textual)
Corporate tax rate		26.50%	26.50%
Accumulated tax loss carryforward	$ 25,160	$ 14,245
Corporate taxation in Israel [Member] | Maximum [Member]
Taxes on income (Textual)
Corporate tax rate	26.50%
Corporate taxation in Israel [Member] | Minimum [Member]
Taxes on income (Textual)
Corporate tax rate	25.00%

Related Parties - Transaction54

Related Parties - Transactions (Details) - USD ($) $ in Thousands	Aug. 31, 2016	Aug. 31, 2015
Related Party Transaction [Line Items]
Accounts payable and accrued expenses - KNRY	$ 48	$ 36
KNRY [Member]
Related Party Transaction [Line Items]
Accounts payable and accrued expenses - KNRY	$ 48	$ 36

Related Parties - Transaction55

Related Parties - Transactions (Details 1) - USD ($)	12 Months Ended
	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014
KNRY [Member]
Related Party Transaction [Line Items]
Expenses to related parties	$ 839	$ 586	$ 671

Related Parties - Transaction56

Related Parties - Transactions (Details Textual) ₪ in Thousands, $ in Thousands	Jul. 01, 2008	Aug. 31, 2016USD ($)	Aug. 31, 2015USD ($)	Aug. 31, 2014USD ($)	Jun. 06, 2016ILS (₪)
Related Parties Transactions (Textual)
Directors fees | $		$ 92	$ 47	$ 40
KNRY [Member]
Related Parties Transactions (Textual)
Consulting agreements, description	The Consulting Agreements are both terminable by either party upon 60 days prior written notice. The Consulting Agreements provide that KNRY (i) will be paid a gross amount of NIS 50,400 ($14) per month for each of the CEO and CSO and (ii) will be reimbursed for reasonable expenses incurred in connection with performance of the Consulting Agreements.
CEO [Member]
Related Parties Transactions (Textual)
Monthly payment under consulting agreements					₪ 95,460
CTO [Member]
Related Parties Transactions (Textual)
Monthly payment under consulting agreements					₪ 69,960