EX-11 4 exhibit_11.htm 20-F

EXHIBIT 11

Statement of Computation of Earnings per Share

Following is the data relating to the weighted average number of shares used in the computation of diluted earning (loss) per share:

Year ended
December 31,
2006
 Year ended
December 31,
2005
 
Weighted average number of shares used in the computation of basic            
  earning (loss) per share    6,675    5,616  
   
Add: Net additional shares from the anticipated exercise of stock  
  options    118    -  
   
Weighted average number of shares used in the computation of basic  
  earning (loss) per share    6,793    5,616  
   
Options which were not included in the computation of diluted  
  earning (loss) per share due to anti dilutive effect    2,199    1,334