| (Mark One) |   |
|------------|--------|
| x          |   | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|       |   | For the quarterly period ended September 30, 2011 |
|       |   |   |
|       |   | or |
|       |   |   |
|  ̈     |   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|       |   | For the transition period from ________________ to ________________ |

| Delaware                                                       |   | 98-0668934                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |
|                                                           |   |                                 |
| 102 Ha’Avoda StreetP.O. Box 432Ashkelon, Israel          |   | L3 78100                             |
| (Address of principal executive offices)                       |   | (Zip Code)                           |

| Large accelerated filer   ̈                                                  | Accelerated filer   ̈ |
|--------------------------------------------------------------------------------------------|-------------------------------------|
| Non-accelerated filer   ̈ (Do not check if a smaller reporting company) | Smaller reporting company x         |

----

|                           |                                                                                        | PageNo. |
|--------------------------------|---------------------------------------------------------------------------------------------|---------|
|                           |                                                                                        |    |
| PART I - FINANCIAL INFORMATION |
|                           |
| Item 1.                        | Financial Statements                                                                        |    |
|                           |                                                                                        |    |
|                           | Condensed Consolidated Balance Sheets                                                       | 3       |
|                           |                                                                                        |    |
|                           | Condensed Consolidated Statements of Operations                                             | 4       |
|                           |                                                                                        |    |
|                           | Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficit)        | 5       |
|                           |                                                                                        |    |
|                           | Condensed Consolidated Statements of Cash Flows                                             | 10      |
|                           |                                                                                        |    |
|                           | Notes to Consolidated Financial Statements                                                  | 11      |
|                           |                                                                                        |    |
| Item 2.                        | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 14      |
|                           |                                                                                        |    |
| Item 3.                        | Quantitative and Qualitative Disclosures About Market Risk                                  | 19      |
|                           |                                                                                        |    |
| Item 4.                        | Controls and Procedures                                                                     | 19      |
|                           |                                                                                        |    |
| PART II - OTHER INFORMATION    |
|                           |
| Item 2.                        | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 20      |
|                           |                                                                                        |    |
| Item 6.                        | Exhibits                                                                                    | 20      |
|                           |                                                                                        |    |
| Signatures                     | 21                                                                                          |
|                           |                                                                                        |
| Exhibit Index                  | 22                                                                                          |

----

|                                                                                                                                                                                                 |   | US dollars (except share data) |        |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|-------------|
|                                                                                                                                                                                                 |   | September 30,                  |        |   | December 31, |   |
|                                                                                                                                                                                                 |   | 2011                           |        |   | 2010 |   |
|                                                                                                                                                                                                 |   | (unaudited)                    |        |   | (audited) |   |
| ASSETS                                                                                                                                                                                               |   |                           |        |   |   |   |
| Current Assets                                                                                                                                                                                       |   |                           |        |   |   |   |
| Cash and cash equivalents                                                                                                                                                                            |   |                           | 2,476,169   |   |   |   | 1,494,248 |   |
| Other current assets                                                                                                                                                                                 |   |                           | 64,055      |   |   |   | 85,704 |   |
| Total current assets                                                                                                                                                                                 |   |                           | 2,540,224   |   |   |   | 1,579,952 |   |
|                                                                                                                                                                                                 |   |                           |        |   |   |   |   |   |
| Property and Equipment, Net                                                                                                                                                                          |   |                           | 89,741      |   |   |   | 57,350 |   |
|                                                                                                                                                                                                 |   |                           |        |   |   |   |   |   |
| Funds in Respect of Employee Rights Upon Retirement                                                                                                                                                  |   |                           | 142,772     |   |   |   | 133,335 |   |
| Total assets                                                                                                                                                                                         |   |                           | 2,772,737   |   |   |   | 1,770,637 |   |
|                                                                                                                                                                                                 |   |                           |        |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                           |   |                           |        |   |   |   |   |   |
| Current Liabilities                                                                                                                                                                                  |   |                           |        |   |   |   |   |   |
| Credit from banking institutions                                                                                                                                                                     |   |                           | -           |   |   |   | 18,843 |   |
| Accounts payable                                                                                                                                                                                     |   |                           | 118,390     |   |   |   | 10,666 |   |
| Other current liabilities                                                                                                                                                                            |   |                           | 188,539     |   |   |   | 258,586 |   |
| Total current liabilities                                                                                                                                                                            |   |                           | 306,929     |   |   |   | 288,095 |   |
|                                                                                                                                                                                                 |   |                           |        |   |   |   |   |   |
| Long-term loans from stockholders                                                                                                                                                                    |   |                           | 625,900     |   |   |   | 625,881 |   |
|                                                                                                                                                                                                 |   |                           |        |   |   |   |   |   |
| Liability for employee rights upon retirement                                                                                                                                                        |   |                           | 280,222     |   |   |   | 258,522 |   |
| Total liabilities                                                                                                                                                                                    |   |                           | 1,213,051   |   |   |   | 1,172,498 |   |
|                                                                                                                                                                                                 |   |                           |        |   |   |   |   |   |
| Stockholders’ Equity                                                                                                                                                                           |   |                           |        |   |   |   |   |   |
| Common stock of US$ 0.001 par value (“Common stock”):                                                                                                                               |   |                           |        |   |   |   |   |   |
| 40,000,000 shares authorized as of September 30, 2011 and December 31, 2010; issued and outstanding 5,295,543 and 4,844,575 shares as of September 30, 2011 and December 31, 2010, respectively |   |                           | 5,296       |   |   |   | 4,845 |   |
| Additional paid in capital                                                                                                                                                                           |   |                           | 13,447,209  |   |   |   | 10,762,892 |   |
| Accumulated other comprehensive income (loss)                                                                                                                                                        |   |                           | 25,990      |   |   |   | (16,418 | ) |
| Deficit accumulated during development stage                                                                                                                                                         |   |                           | (11,918,809 | ) |   |   | (10,153,180 | ) |
| Total stockholders’ equity                                                                                                                                                                     |   |                           | 1,559,686   |   |   |   | 598,139 |   |
| Total liabilities and stockholders’ equity                                                                                                                                                     |   |                           | 2,772,737   |   |   |   | 1,770,637 |   |

----

|                                                                     |   | US dollars (except share data)        |      |
|--------------------------------------------------------------------------|--------|-----------------------------------------------------------|-----------|
|                                                                     |   | Three month periodended September 30, |      |   | Nine month periodended September 30, |   |   | Cumulative periodfromSeptember 30,2001 (date ofinception) throughSeptember 30, |   |
|                                                                     |   | 2011                                                      |      |   | 2010(*) |   |   | 2011 |   |   | 2010(*) |   |   | 2011(*) |   |
|                                                                     |   | (unaudited)                                               |      |   | (unaudited) |   |   | (unaudited) |   |
|                                                                     |   |                                                      |      |   |   |   |   |   |   |
| Research and development expenses, net                                   |   |                                                      | 461,077   |   |   |   | 189,104 |   |   |   | 1,242,191 |   |   |   | 678,200 |   |   |   | 8,008,604 |   |
| General and administrative expenses                                      |   |                                                      | 239,169   |   |   |   | 105,502 |   |   |   | 493,905 |   |   |   | 331,854 |   |   |   | 2,111,494 |   |
| Other income                                                             |   |                                                      | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (912 | ) |
| Operating loss                                                           |   |                                                      | 700,246   |   |   |   | 294,606 |   |   |   | 1,736,096 |   |   |   | 1,010,054 |   |   |   | 10,119,186 |   |
| Financing expenses, net                                                  |   |                                                      | 8,462     |   |   |   | 388,133 |   |   |   | 29,533 |   |   |   | 1,145,136 |   |   |   | 1,799,623 |   |
| Loss for the period                                                      |   |                                                      | 708,708   |   |   |   | 682,739 |   |   |   | 1,765,629 |   |   |   | 2,155,190 |   |   |   | 11,918,809 |   |
|                                                                     |   |                                                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per share (Note 3)                           |   |                                                      | 0.14      |   |   |   | 0.17 |   |   |   | 0.35 |   |   |   | 0.54 |   |   |   |   |   |
|                                                                     |   |                                                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted weighted average number of shares outstanding (Note 3) |   |                                                      | 5,205,640 |   |   |   | 3,999,998 |   |   |   | 5,016,935 |   |   |   | 3,999,998 |   |   |   |   |   |

| (*) | As described in Note 1A, the financial statements were retroactively restated to reflect the historical financial statements of the subsidiary A.D. Integrity Applications Ltd., which merged with a subsidiary of the Company on July 15, 2010. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                             |   | US Dollars (except share data) |      |
|-----------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------|-----------|
|                                                                                                                  |   | Common Stock                                  |      |   | Additional |   |   | Accumulatedother |   |   | Deficitaccumulatedduring |   |   | Total |   |
|                                                                                                                  |   | Numberof shares                               |      |   | Amount |   |   | paid incapital |   |   | comprehensive income (loss) |   |   | developmentalstage |   |   | stockholders’equity (deficit) |   |
| September 30, 2001 (date of inception)                                                                                |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2,136,307 Common Stock of US$ 0.001 per share issued for cash                                                    |   |                                               | 2,136,307 |   |   |   | 2,136 |   |   |   | 38,306 |   |   |   | - |   |   |   | - |   |   |   | 40,442 |   |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss for the period                                                                                                   |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (63,293 | ) |   |   | (63,293 | ) |
| Loss on translation of subsidiary’s financial statements from its functional currency to the reporting currency |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | (5 | ) |   |   | - |   |   |   | (5 | ) |
| Comprehensive loss                                                                                                    |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (63,298 | ) |
| Balance as of December 31, 2002                                                                                       |   |                                               | 2,136,307 |   |   |   | 2,136 |   |   |   | 38,306 |   |   |   | (5 | ) |   |   | (63,293 | ) |   |   | (22,856 | ) |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss for the year                                                                                                     |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (350,290 | ) |   |   | (350,290 | ) |
| Loss on translation of subsidiary’s financial statements from its functional currency to the reporting currency |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | (15,035 | ) |   |   | - |   |   |   | (15,035 | ) |
| Comprehensive loss                                                                                                    |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (365,325 | ) |
| Balance as of December 31, 2003                                                                                       |   |                                               | 2,136,307 |   |   |   | 2,136 |   |   |   | 38,306 |   |   |   | (15,040 | ) |   |   | (413,583 | ) |   |   | (388,181 | ) |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss for the year                                                                                                     |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (288,233 | ) |   |   | (288,233 | ) |
| Loss on translation of subsidiary’s financial statements from its functional currency to the reporting currency |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | (15,069 | ) |   |   | - |   |   |   | (15,069 | ) |
| Comprehensive loss                                                                                                    |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (303,302 | ) |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of 42,727 Common Stock for cash at US$ 1.76 per share on March 16, 2004                            |   |                                               | 42,727    |   |   |   | 43 |   |   |   | 74,957 |   |   |   | - |   |   |   | - |   |   |   | 75,000 |   |
| Issuance of 72,773 Common Stock for cash of US$ 1.72 per share on November 25, 2004                         |   |                                               | 72,773    |   |   |   | 73 |   |   |   | 128,783 |   |   |   | - |   |   |   | - |   |   |   | 128,856 |   |
| Balance as of December 31, 2004                                                                                       |   |                                               | 2,251,807 |   |   |   | 2,252 |   |   |   | 242,046 |   |   |   | (30,109 | ) |   |   | (701,816 | ) |   |   | (487,627 | ) |

| (*) | As described in Note 1A, the financial statements were retroactively restated to reflect the historical financial statements of the subsidiary A.D. Integrity Applications Ltd., which merged with a subsidiary of the Company on July 15, 2010, as part of a structural reorganization of the group. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                             |   | US Dollars (except share data) |      |
|-----------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------|-----------|
|                                                                                                                  |   | Common Stock                                  |      |   | Additional |   |   | Accumulatedother |   |   | Deficitaccumulatedduring |   |   | Total |   |
|                                                                                                                  |   | Numberof shares                               |      |   | Amount |   |   | paid incapital |   |   | comprehensiveincome (loss) |   |   | developmentalstage |   |   | stockholders’equity (deficit) |   |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance as of January 1, 2005                                                                                         |   |                                               | 2,251,807 |   |   |   | 2,252 |   |   |   | 242,046 |   |   |   | (30,109 | ) |   |   | (701,816 | ) |   |   | (487,627 | ) |
| Loss for the year                                                                                                     |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,055,594 | ) |   |   | (1,055,594 | ) |
| Gain on translation of subsidiary’s financial statements from its functional currency to the reporting currency |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | 8,542 |   |   |   | - |   |   |   | 8,542 |   |
| Comprehensive loss                                                                                                    |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,047,052 | ) |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of 218,281 Common Stock for cash of US$ 1.72 per share on January 14, 2005                         |   |                                               | 218,281   |   |   |   | 218 |   |   |   | 374,782 |   |   |   | - |   |   |   | - |   |   |   | 375,000 |   |
| Issuance of 291,051 Common Stock for cash of US$ 1.72 per share on April 5, 2005                                 |   |                                               | 291,051   |   |   |   | 291 |   |   |   | 499,709 |   |   |   | - |   |   |   | - |   |   |   | 500,000 |   |
| Issuance of 59,389 Common Stock for cash of US$ 3.37 per share on May 31, 2005                                   |   |                                               | 59,389    |   |   |   | 60 |   |   |   | 199,940 |   |   |   | - |   |   |   | - |   |   |   | 200,000 |   |
| Stock-based compensation                                                                                              |   |                                               | 52,147    |   |   |   | 52 |   |   |   | 189,564 |   |   |   | - |   |   |   | - |   |   |   | 189,616 |   |
| Balance as of December 31, 2005                                                                                       |   |                                               | 2,872,675 |   |   |   | 2,873 |   |   |   | 1,506,041 |   |   |   | (21,567 | ) |   |   | (1,757,410 | ) |   |   | (270,063 | ) |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss for the year                                                                                                     |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,282,842 | ) |   |   | (1,282,842 | ) |
| Loss on translation of subsidiary’s financial statements from its functional currency to the reporting currency |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | (57,127 | ) |   |   | - |   |   |   | (57,127 | ) |
| Comprehensive loss                                                                                                    |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,339,969 | ) |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of 87,315 Common Stock for cash of US$ 1.47 per share on January 26, 2006                          |   |                                               | 87,315    |   |   |   | 87 |   |   |   | 128,118 |   |   |   | - |   |   |   | - |   |   |   | 128,205 |   |
| Issuance of 1,899 Common Stock for cash of US$ 3.63 per share on March 31, 2006                             |   |                                               | 1,899     |   |   |   | 2 |   |   |   | 6,888 |   |   |   | - |   |   |   | - |   |   |   | 6,890 |   |
| Issuance of 13,786 Common Stock for cash of US$ 3.63 per share on June 16, 2006                             |   |                                               | 13,786    |   |   |   | 14 |   |   |   | 49,986 |   |   |   | - |   |   |   | - |   |   |   | 50,000 |   |
| Issuance of 14,113 Common Stock for cash of US$ 3.63 per share on June 30, 2006                             |   |                                               | 14,113    |   |   |   | 14 |   |   |   | 51,166 |   |   |   | - |   |   |   | - |   |   |   | 51,180 |   |
| Issuance of 51,207 Common Stock for cash of US$ 3.91 per share on August 15, 2006                           |   |                                               | 51,207    |   |   |   | 51 |   |   |   | 199,949 |   |   |   | - |   |   |   | - |   |   |   | 200,000 |   |
| Issuance of 301,948 Common Stock for cash of US$ 4.31 per share on October 5, 2006                          |   |                                               | 301,948   |   |   |   | 302 |   |   |   | 1,299,698 |   |   |   | - |   |   |   | - |   |   |   | 1,300,000 |   |
| Issuance of 348,402 Common Stock for cash of US$ 4.31 per share on December 14, 2006                        |   |                                               | 348,402   |   |   |   | 349 |   |   |   | 1,372,146 |   |   |   | - |   |   |   | - |   |   |   | 1,372,495 |   |
| Stock-based compensation                                                                                              |   |                                               | 63,395    |   |   |   | 63 |   |   |   | 277,434 |   |   |   | - |   |   |   | - |   |   |   | 277,497 |   |
| Balance as of December 31, 2006                                                                                       |   |                                               | 3,754,740 |   |   |   | 3,755 |   |   |   | 4,891,426 |   |   |   | (78,694 | ) |   |   | (3,040,252 | ) |   |   | 1,776,235 |   |

| (*) | As described in Note 1A, the financial statements were retroactively restated to reflect the historical financial statements of the subsidiary A.D. Integrity Applications Ltd., which merged with a subsidiary of the Company on July 15, 2010, as part of a structural reorganization of the group. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                             |   | US Dollars (except share data) |      |
|-----------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------|-----------|
|                                                                                                                  |   | Common Stock                                  |      |   |   |   |   | Accumulatedother |   |   | Receivable in |   |   | Deficitaccumulatedduring |   |   | Total |   |
|                                                                                                                  |   | Numberof shares                               |      |   | Amount |   |   | Additional paidin capital |   |   | comprehensiveincome (loss) |   |   | respect ofstock issuance |   |   | developmentalstage |   |   | stockholders’equity (deficit) |   |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance as of January 1, 2007                                                                                         |   |                                               | 3,754,740 |   |   |   | 3,755 |   |   |   | 4,891,426 |   |   |   | (78,694 | ) |   |   | - |   |   |   | (3,040,252 | ) |   |   | 1,776,235 |   |
| Loss for the year                                                                                                     |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,593,205 | ) |   |   | (1,593,205 | ) |
| Gain on translation of subsidiary’s financial statements from its functional currency to the reporting currency |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | 84,528 |   |   |   | - |   |   |   | - |   |   |   | 84,528 |   |
| Comprehensive loss                                                                                                    |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,508,677 | ) |
| Stock-based compensation                                                                                              |   |                                               | 28,707    |   |   |   | 29 |   |   |   | 274,630 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 274,659 |   |
| Balance as of December 31, 2007                                                                                       |   |                                               | 3,783,447 |   |   |   | 3,784 |   |   |   | 5,166,056 |   |   |   | 5,834 |   |   |   | - |   |   |   | (4,633,457 | ) |   |   | 542,217 |   |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss for the year                                                                                                     |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,528,981 | ) |   |   | (1,528,981 | ) |
| Gain on translation of subsidiary’s financial statements from its functional currency to the reporting currency |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | 110,134 |   |   |   | - |   |   |   | - |   |   |   | 110,134 |   |
| Comprehensive loss                                                                                                    |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,418,847 | ) |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of 61,989 Common Stock for cash of US$ 5.52 per share on September 27, 2008                        |   |                                               | 61,989    |   |   |   | 62 |   |   |   | 341,938 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 342,000 |   |
| Issuance of 104,220 Common Stock for cash of US$ 5.52 per share on October 7, 2008                          |   |                                               | 104,220   |   |   |   | 104 |   |   |   | 574,896 |   |   |   | - |   |   |   | (75,000 | ) |   |   | - |   |   |   | 500,000 |   |
| Stock-based compensation                                                                                              |   |                                               | -         |   |   |   | - |   |   |   | 84,380 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 84,380 |   |
| Balance as of December 31, 2008                                                                                       |   |                                               | 3,949,656 |   |   |   | 3,950 |   |   |   | 6,167,270 |   |   |   | 115,968 |   |   |   | (75,000 | ) |   |   | (6,162,438 | ) |   |   | 49,750 |   |

| (*) | As described in Note 1A, the financial statements were retroactively restated to reflect the historical financial statements of the subsidiary A.D. Integrity Applications Ltd., which merged with a subsidiary of the Company on July 15, 2010, as part of a structural reorganization of the group. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                             |   | US Dollars (except share data) |      |
|-----------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------|-----------|
|                                                                                                                  |   | Common Stock                                  |      |   |   |   |   | Accumulatedother |   |   | Receivable in |   |   | Deficitaccumulatedduring |   |   | Total |   |
|                                                                                                                  |   | Numberof shares                                    |      |   | Amount |   |   | Additional paidin capital |   |   | comprehensiveincome (loss) |   |   | Respect of stockissuance |   |   | developmentalstage |   |   | stockholders’equity (deficit) |   |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance as of January 1, 2009                                                                                         |   |                                               | 3,949,656 |   |   |   | 3,950 |   |   |   | 6,167,270 |   |   |   | 115,968 |   |   |   | (75,000 | ) |   |   | (6,162,438 | ) |   |   | 49,750 |   |
| Loss for the year                                                                                                     |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,202,296 | ) |   |   | (1,202,296 | ) |
| Loss on translation of subsidiary’s financial statements from its functional currency to the reporting currency |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | (13,367 | ) |   |   | - |   |   |   | - |   |   |   | (13,367 | ) |
| Comprehensive loss                                                                                                    |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,215,663 | ) |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of 50,342 Common Stock for cash of US$ 6.02 per share in January 2009                                   |   |                                               | 50,342    |   |   |   | 50 |   |   |   | 302,950 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 303,000 |   |
| Repayment of receivable in respect of stock issuance                                                                  |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 75,000 |   |   |   | - |   |   |   | 75,000 |   |
| Stock-based compensation                                                                                              |   |                                               | -         |   |   |   | - |   |   |   | 12,171 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 12,171 |   |
| Balance as of December 31, 2009                                                                                       |   |                                               | 3,999,998 |   |   |   | 4,000 |   |   |   | 6,482,391 |   |   |   | 102,601 |   |   |   | - |   |   |   | (7,364,734 | ) |   |   | (775,742 | ) |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss for the year                                                                                                     |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,788,446 | ) |   |   | (2,788,446 | ) |
| Loss on translation of subsidiary’s financial statements from its functional currency to the reporting currency |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | (119,019 | ) |   |   | - |   |   |   | - |   |   |   | (119,019 | ) |
| Comprehensive loss                                                                                                    |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,907,465 | ) |
| Issuance of 530,600 Common Stock for cash of US$ 6.25 per share in December 2010, net of related expenses        |   |                                               | 530,600   |   |   |   | 531 |   |   |   | 2,356,501 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,357,032 |   |
| Stock-based interest compensation to convertible notes holders                                                        |   |                                               | 194,391   |   |   |   | 194 |   |   |   | 1,214,749 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,214,943 |   |
| Conversion of convertible notes                                                                                       |   |                                               | 119,586   |   |   |   | 120 |   |   |   | 694,676 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 694,796 |   |
| Stock-based compensation                                                                                              |   |                                               | -         |   |   |   | - |   |   |   | 14,575 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 14,575 |   |
| Balance as of December 31, 2010                                                                                       |   |                                               | 4,844,575 |   |   |   | 4,845 |   |   |   | 10,762,892 |   |   |   | (16,418 | ) |   |   | - |   |   |   | (10,153,180 | ) |   |   | 598,139 |   |

| (*) | As described in Note 1A, the financial statements were retroactively restated to reflect the historical financial statements of the subsidiary A.D. Integrity Applications Ltd., which merged with a subsidiary of the Company on July 15, 2010, as part of a structural reorganization of the group. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                  |   | US Dollars (except share data) |      |
|-----------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------|-----------|
|                                                                                                                  |   | Common Stock                                  |      |   |   |   |   | Accumulatedother |   |   | Receivable in |   |   | Deficitaccumulatedduring |   |   | Total |   |
|                                                                                                                  |   | Numberof shares                                    |      |   | Amount |   |   | Additional paid in capital |   |   | comprehensive income (loss) |   |   | respect of stock issuance |   |   | developmental stage |   |   | stockholders’ equity (deficit) |   |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance as of January 1, 2011                                                                                         |   |                                               | 4,844,575 |   |   |   | 4,845 |   |   |   | 10,762,892 |   |   |   | (16,418 | ) |   |   | - |   |   |   | (10,153,180 | ) |   |   | 598,139 |   |
| Loss for the period of nine months                                                                                    |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,765,629 | ) |   |   | (1,765,629 | ) |
| Gain on translation of subsidiary’s financial statements from its functional currency to the reporting currency |   |                                               | -         |   |   |   | - |   |   |   | - |   |   |   | 42,408 |   |   |   | - |   |   |   | - |   |   |   | 42,408 |   |
| Comprehensive loss                                                                                                    |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,723,221 | ) |
|                                                                                                                  |   |                                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of 16,320 Common Stock for cash of US$ 6.25 per share on January 31, 2011, net of related expenses      |   |                                               | 16,320    |   |   |   | 16 |   |   |   | 83,164 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 83,180 |   |
| Issuance of 90,768 Common Stock for cash of US$ 6.25 per share on March 31, 2011, net of related expenses   |   |                                               | 90,768    |   |   |   | 91 |   |   |   | 479,810 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 479,901 |   |
| Issuance of 40,000 Common Stock for cash of US$ 6.25 per share on April 29, 2011, net of related expenses        |   |                                               | 40,000    |   |   |   | 40 |   |   |   | 191,682 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 191,722 |   |
| Issuance of 34,200 Common Stock for cash of US$ 6.25 per share on May 31, 2011, net of related expenses          |   |                                               | 34,200    |   |   |   | 34 |   |   |   | 179,992 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 180,026 |   |
| Issuance of 34,200 Common Stock for cash of US$ 6.25 per share on July 29, 2011, net of related expenses         |   |                                               | 269,680   |   |   |   | 270 |   |   |   | 1,466,115 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,466,385 |   |
| Stock-based compensation                                                                                              |   |                                               | -         |   |   |   | - |   |   |   | 283,554 |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | 283,554 |   |
| Balance as of September 30, 2011 (unaudited)                                                                          |   |                                               | 5,295,543 |   |   |   | 5,296 |   |   |   | 13,447,209 |   |   |   | 25,990 |   |   |   | - |   |   |   | (11,918,809 | ) |   |   | 1,559,686 |   |

| (*) | As described in Note 1A, the financial statements were retroactively restated to reflect the historical financial statements of the subsidiary A.D. Integrity Applications Ltd., which merged with a subsidiary of the Company on July 15, 2010, as part of a structural reorganization of the group. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                       |   | US dollars (except share data)       |       |
|--------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|------------|
|                                                                                       |   | Nine month periodended September 30, |       |   | Cumulative periodfromSeptember 30,2001 (date ofinception) throughSeptember 30, |   |
|                                                                                       |   | 2011                                                     |       |   | 2010(*) |   |   | 2011(*) |   |
|                                                                                       |   | (unaudited)                                              |       |   | (unaudited) |   |
| Cash flows from operating activities:                                                      |   |                                                     |       |   |   |   |   |   |   |   |   |
|                                                                                       |   |                                                     |       |   |   |   |   |   |   |   |   |   |
| Loss for the period                                                                        |   |                                                     | (1,765,629 | ) |   |   | (2,155,190 | ) |   |   | (11,918,809 | ) |
| Adjustments to reconcile net loss for the period to net cash used in operating activities: |   |                                                     |       |   |   |   |   |   |   |   |   |   |
| Depreciation                                                                               |   |                                                     | 16,687     |   |   |   | 14,370 |   |   |   | 126,128 |   |
| Increase in liability for employee rights upon retirement                                  |   |                                                     | 34,754     |   |   |   | 24,844 |   |   |   | 257,329 |   |
| Stock-based compensation                                                                   |   |                                                     | 283,554    |   |   |   | 12,593 |   |   |   | 1,136,385 |   |
| Stock-based interest compensation to convertible notes holders                             |   |                                                     | -          |   |   |   | 945,468 |   |   |   | 1,214,943 |   |
| Linkage difference on principal of loans from stockholders                                 |   |                                                     | 27,502     |   |   |   | 9,777 |   |   |   | 179,617 |   |
| Interest on convertible notes                                                              |   |                                                     | -          |   |   |   | 50,497 |   |   |   | 78,192 |   |
| Gain on sale of property and equipment                                                     |   |                                                     | -          |   |   |   | - |   |   |   | (912 | ) |
| Gain in respect of trading marketable securities                                           |   |                                                     | -          |   |   |   | - |   |   |   | (12,920 | ) |
|                                                                                       |   |                                                     |       |   |   |   |   |   |   |   |   |   |
| Changes in assets and liabilities:                                                         |   |                                                     |       |   |   |   |   |   |   |   |   |   |
|                                                                                       |   |                                                     |       |   |   |   |   |   |   |   |   |   |
| Decrease (increase) in other current assets                                                |   |                                                     | 17,885     |   |   |   | (14,306 | ) |   |   | (41,434 | ) |
| Increase (decrease) in accounts payable – trade                                      |   |                                                     | 109,968    |   |   |   | (7,950 | ) |   |   | 118,413 |   |
| Increase (decrease) in accounts payable – other                                      |   |                                                     | (62,131    | ) |   |   | 186,082 |   |   |   | 164,936 |   |
| Net cash used in operating activities                                                      |   |                                                     | (1,337,410 | ) |   |   | (933,815 | ) |   |   | (8,698,132 | ) |
|                                                                                       |   |                                                     |       |   |   |   |   |   |   |   |   |   |
| Cash flows from investment activities:                                                     |   |                                                     |       |   |   |   |   |   |   |   |   |   |
|                                                                                       |   |                                                     |       |   |   |   |   |   |   |   |   |   |
| Increase in funds in respect of employee rights upon retirement                            |   |                                                     | (16,080    | ) |   |   | (19,998 | ) |   |   | (133,320 | ) |
| Purchase of property and equipment                                                         |   |                                                     | (53,388    | ) |   |   | (6,589 | ) |   |   | (207,542 | ) |
| Proceeds from sale of property and equipment                                               |   |                                                     | -          |   |   |   | - |   |   |   | 4,791 |   |
| Investment in marketable securities                                                        |   |                                                     | -          |   |   |   | - |   |   |   | (388,732 | ) |
| Sale of marketable securities                                                              |   |                                                     | -          |   |   |   | - |   |   |   | 406,995 |   |
| Short-term loan granted to related party, net of repayments                                |   |                                                     | -          |   |   |   | - |   |   |   | (14,252 | ) |
| Net cash used in investment activities                                                     |   |                                                     | (69,468    | ) |   |   | (26,587 | ) |   |   | (332,060 | ) |
|                                                                                       |   |                                                     |       |   |   |   |   |   |   |   |   |   |
| Cash flows from financing activities                                                       |   |                                                     |       |   |   |   |   |   |   |   |   |   |
|                                                                                       |   |                                                     |       |   |   |   |   |   |   |   |   |   |
| Credit from banking institutions                                                           |   |                                                     | (18,943    | ) |   |   | (4,192 | ) |   |   | (6,492 | ) |
| Proceeds from issuance of convertible notes                                                |   |                                                     | -          |   |   |   | - |   |   |   | 1,144,000 |   |
| Repayment of convertible notes                                                             |   |                                                     | -          |   |   |   | - |   |   |   | (527,396 | ) |
| Proceeds from issuance of Common Stock, net of issuance expenses                           |   |                                                     | 2,401,214  |   |   |   | - |   |   |   | 10,406,381 |   |
| Deferred offering cost                                                                     |   |                                                     | -          |   |   |   | (77,292 | ) |   |   | - |   |
| Proceeds from stockholders loans                                                           |   |                                                     | -          |   |   |   | - |   |   |   | 347,742 |   |
| Convertible notes – net cash received                                                |   |                                                     | -          |   |   |   | 999,000 |   |   |   | - |   |
| Net cash provided by financing activities                                                  |   |                                                     | 2,382,271  |   |   |   | 917,516 |   |   |   | 11,364,235 |   |
| Effect of exchange rate changes on cash and cash equivalents                               |   |                                                     | 6,528      |   |   |   | 627 |   |   |   | 142,126 |   |
|                                                                                       |   |                                                     |       |   |   |   |   |   |   |   |   |   |
| Increase (decrease) in cash and cash equivalents                                           |   |                                                     | 981,921    |   |   |   | (42,259 | ) |   |   | 2,476,169 |   |
| Cash and cash equivalents at beginning of the period                                       |   |                                                     | 1,494,248  |   |   |   | 62,032 |   |   |   | - |   |
| Cash and cash equivalents at end of the period                                             |   |                                                     | 2,476,169  |   |   |   | 19,773 |   |   |   | 2,476,169 |   |

| (*) | As described in Note 1A, the financial statements were retroactively restated to reflect the historical financial statements of the subsidiary A.D. Integrity Applications Ltd., which merged with a subsidiary of the Company on July 15, 2010, as part of a structural reorganization of the group. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| NOTE 1       – | GENERAL |
|---------------------------------------------------------|---------|

|   | A. | Integrity Applications, Inc. (the “Company”) was incorporated on May 18, 2010, under the laws of the State of Delaware.  On July 15, 2010, Integrity Acquisition Corp. Ltd. (hereinafter: “Integrity Acquisition”), a wholly-owned Israeli subsidiary of the Company established on May 23, 2010, completed a merger with A.D. Integrity Applications Ltd. (hereinafter, “Integrity Israel”), an Israeli corporation which was previously held by the stockholders of the Company.  Pursuant to the merger, all stockholders, option holders and warrant holders of Integrity Israel received an equal number of shares, options and warrants of the Company, as applicable, in exchange for their shares, options and/or warrants in Integrity Israel.  Following the merger, Integrity Israel remained a wholly-owned subsidiary of the Company.  As the merger transaction constitutes a structural reorganization, the merger has been accounted for at historical cost in a manner similar to a pooling of interests.  On this basis, stockholders’ equity (deficit) has been retroactively restated such that each ordinary share of Integrity Israel is reflected in stockholders’ equity as a share of Common Stock of the Company as of the date of the issuance thereof by Integrity Israel.  In addition, the historical financial statements of the Company for all dates and periods prior to May 18, 2010 have been retroactively restated to reflect the activities of Integrity Israel. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | B. | Going concern uncertainty |
|--------|----|---------------------------|

|   | C. | Risk factors |
|--------|----|--------------|

----

|   | D. | Use of estimates in the preparation of financial statements |
|--------|----|-------------------------------------------------------------|

| NOTE 2       – | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|----------------------------------------------------|--------------------------------------------|

|   | A. | Basis of presentation |
|--------|----|-----------------------|

|   | B. | Recently issued accounting pronouncements |
|--------|----|-------------------------------------------|

----

| NOTE 3 | LOSS PER SHARE |
|--------|----------------|

|                                                                                              |   | Three month periodended September 30, |      |   | Nine month periodended September 30, |   |
|---------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------|-----------|--------|----------------------------------------------------------|--------|
|                                                                                              |   | 2011                                                      |      |   | 2010                                                     |   |   | 2011 |   |   | 2010 |   |
|                                                                                              |   | (unaudited)                                               |      |   | (unaudited)                                              |   |
| Loss used for the computation of loss per share                                                   |   |                                                      | 708,708   |   |                                                     |   | 682,739 |   |   |   | 1,765,629 |   |   |   | 2,155,190 |   |
| Weighted average number of shares used in the computation of basic and diluted loss per share (*) |   |                                                      | 5,205,640 |   |                                                     |   | 3,999,998 |   |   |   | 5,016,935 |   |   |   | 3,999,998 |   |

|   | (*) | All outstanding stock options and warrants have been excluded from the calculation of the diluted net loss per share for all the reported periods, since the effect of the shares issuable with respect of these instruments was anti-dilutive. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| NOTE 4        – | EVENTS DURING THE REPORTED PERIOD |
|---------------------------------------------------------------|-----------------------------------|

|   | A. | On January 31, 2011, the Company completed a third closing of its previously announced private placement offering (the “Offering”) at which the Company received an amount of US$ 102,000 for 16,320 shares of Common Stock issued to investors in the Offering representing a price per share of US$ 6.25.  The Company issued to the Placement Agent, warrants to purchase an aggregate of 1,632 shares of Common Stock at the third closing with an exercise price of US$ 6.25 and in addition was required to pay US$ 13,260 in cash. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | B. | On March 31, 2011, the Company completed a fourth closing of the Offering at which the Company received an amount of US$ 567,300 for 90,768 shares of Common Stock issued to investors in the Offering representing a price per share of US$ 6.25.  The Company issued to the Placement Agent, warrants to purchase an aggregate of 9,077 shares of Common Stock at the fourth closing with an exercise price of US$ 6.25 and in addition was required to pay US$ 73,749 in cash. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | C. | On April 29, 2011, the Company completed a fifth closing of the Offering at which the Company received an amount of US$ 250,000 for 40,000 shares of common stock issued to investors in the Offering representing a price per share of US$ 6.25.  The Company issued to the Placement Agent, warrants to purchase an aggregate of 4,000 shares of common-stock at the fifth closing with an exercise price of US$ 6.25 and in addition was required to pay US$ 32,500 in cash. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | D. | On May 31, 2011, the Company completed a sixth closing of the Offering at which the Company received an amount of US$ 213,750 for 34,200 shares of common stock issued to investors in the Offering representing a price per share of US$ 6.25.  The Company issued to the Placement Agent, warrants to purchase an aggregate of 3,420 shares of common-stock at the sixth closing with an exercise price of US$ 6.25 and in addition was required to pay US$ 27,788 in cash. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | E. | On July 29, 2011, the Company completed a seventh closing of the Offering at which the Company received an amount of US$ 1,685,500 for 269,680 shares of Common Stock.  The Company issued to the Placement Agent, warrants to purchase an aggregate of 26,968 shares of common-stock at the seventh closing with an exercise price of US$ 6.25 and in addition was required to pay US$ 219,115 in cash. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| NOTE 5        – | SUBSEQUENT EVENTS |
|----------------------------------------------------------|-------------------|

----

----

----

----

----

----

| Item 3. | Quantitative and Qualitative Disclosures About Market Risk. |
|---------|-------------------------------------------------------------|

| Item 4. | Controls and Procedures. |
|---------|--------------------------|

----

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds. |
|---------|--------------------------------------------------------------|

| Item 6. | Exhibits. |
|---------|-----------|

| Exhibit No. |   | Description                                                                                            |
|-------------|--------|--------------------------------------------------------------------------------------------------------|
|        |   |                                                                                                   |
| 3.1         |   | Certificate of Incorporation of Integrity Applications, Inc. (1)                                       |
| 3.2         |   | Certificate of Amendment to Certificate of Incorporation of Integrity Applications, Inc. (1)           |
| 3.3         |   | Bylaws of Integrity Applications, Inc. (1)                                                             |
| 31.1        |   | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002     |
| 31.2        |   | Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 32.1        |   | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002     |
| 32.2        |   | Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| 101.INS     |   | XBRL Instance Document (2)                                                                             |
| 101.SCH     |   | XBRL Schema Document (2)                                                                               |
| 101.CAL     |   | XBRL Calculation Linkbase Document (2)                                                                 |
| 101.LAB     |   | XBRL Label Linkbase Document                                                                           |
| 101.PRE     |   | XBRL Presentation Linkbase Document (2)                                                                |
| 101.DEF     |   | XBRL Definition Linkbase Document (2)                                                                  |

| (1)    | Previously filed as an exhibit to the Company’s Registration Statement on Form S-1, as filed with the SEC on August 22, 2011. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                |
| (2)    | To be filed within 30 days of the filing of this Quarterly Report on Form 10-Q pursuant to Rule 405(a)(2)(ii) of Regulation S-T.    |

----

|                    | INTEGRITY APPLICATIONS, INC. |
|-------------------------|------------------------------|
| Date: December 29, 2011 |                         |
|                    | By:                          |   /s/ Avner Gal |
|                    | Name:                        |   Avner Gal |
|                    | Title                        |   Chairman of the Board and Chief Executive Officer |

|   | By:    |   /s/ Jacob Bar-Shalom           |
|--------|--------|---------------------------------------|
|   | Name:  |   Jacob Bar-Shalom               |
|   | Title  |   Chief Financial Officer        |
|   |   |   (Principal Accounting Officer) |

----

| Exhibit No. |   | Description                                                                                                                                                                     |
|-------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        |   |                                                                                                                                                                            |
| 3.1         |   | Certificate of Incorporation of Integrity Applications, Inc. (1)                                                                                                                |
| 3.2         |   | Certificate of Amendment to Certificate of Incorporation of Integrity Applications, Inc. (1)                                                                                    |
| 3.3         |   | Bylaws of Integrity Applications, Inc. (1)                                                                                                                                      |
| 31.1        |   | Certification of Chief Executive Officer Pursuant to Exchange Act Rule 13a-14(a) or 15(d)-14(a), as Adopted Pursuant to Section 302 of the Sarbanes Oxley Act of 2002           |
| 31.2        |   | Certification of Chief Financial Officer Pursuant to Exchange Act Rule 13a-14(a) or 15(d)-14(a), as Adopted Pursuant to Section 302 of the Sarbanes Oxley Act of 2002 |
| 32.1        |   | Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes Oxley Act of 2002                     |
| 32.2        |   | Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes Oxley Act of 2002                               |
| 101.INS     |   | XBRL Instance Document (2)                                                                                                                                                      |
| 101.SCH     |   | XBRL Schema Document (2)                                                                                                                                                        |
| 101.CAL     |   | XBRL Calculation Linkbase Document (2)                                                                                                                                          |
| 101.LAB     |   | XBRL Label Linkbase Document                                                                                                                                                    |
| 101.PRE     |   | XBRL Presentation Linkbase Document (2)                                                                                                                                         |
| 101.DEF     |   | XBRL Definition Linkbase Document (2)                                                                                                                                           |

| (1)    | Previously filed as an exhibit to the Company’s Registration Statement on Form S-1, as filed with the SEC on August 22, 2011. |
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| (2)    | To be filed within 30 days of the filing of this Quarterly Report on Form 10-Q pursuant to Rule 405(a)(2)(ii) of Regulation S-T.    |

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