TRANSITION PERIOD COMPARATIVE DATA

6 Months Ended

Jun. 30, 2012

TRANSITION PERIOD COMPARATIVE DATA [Abstract]

TRANSITION PERIOD COMPARATIVE DATA

NOTE 14 - TRANSITION PERIOD COMPARATIVE DATA

	Six month period ended June 30,
	2012			2011 (unaudited)
	($ in thousands)
Operating Data:
Revenues	$	2,071		$	2,726
Cost of revenues		1,377			1,539
Gross Profit		694			1,187
Operating expenses:
Research and development		2,607			1,093
Selling and marketing		1,246			1,045
General and administrative (including $1,454 and $99 of share-based compensation for the six month periods ended June 30, 2012 and 2011, respectively)		3,999			2,391
Total operating expenses		7,852			4,529
Loss from operations		(7,158	)		(3,342	)
Financial expenses (income), net		(109	)		787
Loss before income taxes		(7,049	)		(4,129	)
Tax expenses		32			20
Net loss	$	(7,081	)	$	(4,149	)
Net loss per share - basic and diluted	$	(0.10	)	$	(0.07	)
Weighted average number of ordinary shares used in computing net loss per share - basic and diluted		68,176,882			57,312,945
Cash Flow Data:
Net cash used by operating activities	$	(4,363	)	$	(1,786	)
Net cash used by investing activities		(200	)		(144	)
Net cash provided by financing activities		9,753			9,356
Effect of exchange rate changes on cash and cash equivalents					8
Net increase in cash and cash equivalents	$	5,190		$	7,434