A method of forming at least one three dimensional (3D) color image of at least one object in a target space. The method comprises projecting, each of a plurality of projection cycles, a sequence comprising a plurality of gray coded light patterns, each colored in one of red green or blue, on a target space, capturing a plurality of two dimensional (2D) images of the target space during a plurality of acquisition cycles, each the acquisition cycle being timed to correspond with the projection of at least a sub sequence of the sequence, the sub sequence comprising red, green, and blue gray coded light patterns of the plurality of gray coded light patterns, extracting range data and color texture information of at lea one object in the target space from the plurality of 2D images, and forming a 3D color image of the range data and color texture information.