XML 99 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
EQUITY (CAPITAL DEFICIENCY) (Tables)
 6 Months Ended
Jun. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Additional Information about Warrants and Share Options
       
  Outstanding as of June 30, 2012
Exercise price Warrants and
options
outstanding		 Weighted average remaining contractual
life (years)		 Warrants and
options
exercisable
0 - 0.001 3,906,137 4.72 3,703,236
0.183 205,012 3.41 205,012
0.188 334,545 3.73 334,545
0.73 505,000 9.92  
0.79 390,000 9.97  
0.8 300,000 9.9  
0.99 584,357 5.76 584,357
1.23 3,450,326 4.59 2,950,722
1.5 3,139,232 3.79 2,719,357
1.725 14,608 6.5 14,608
1.75 81,161 3.92 27,054
1.8 752,717 4.2 752,717
1.93 215,000 3.94 66,666
1.95 3,347,000 9.38 483,333
2.00 40,000 4.18  
2.1 10,000 9.5  
2.5 500,000 9.04  
2.6 5,000 3.98 1,667
  17,780,095 5.85 11,843,274
Schedule of Allocation of Share Based Compensation Expense
    6 months ended     Year ended December 31  
    June 30, 2012     2011     2010     2009  
    ($ in thousands)  
Revenue   $ 68     $ -     $ -     $ -  
Cost of revenues     35       350       160       49  
Research and development     206       267       536       356  
Sales and marketing     181       431       55       92  
General and administrative     1,454       8,542       869       65  
    $ 1,944     $ 9,590     $ 1,620     $ 562  
Options and Warrants Granted to Employees [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Information about Warrants and Share Options
    6 month period ended     Year Ended December 31,  
    June 30, 2012     2011     2010     2009  
    Number
of
warrants
and
options		     Weighted
average
exercise price		     Number
of
warrants
and
options		     Weighted
average
exercise
price		     Number
of
warrants
and
options		     Weighted
average
exercise
price		     Number of
warrants
and options		     Weighted
average
exercise
price		  
Outstanding - beginning of period     8,071,024     $ 1.4       3,502,097     $ 0.69       2,057,430     $ 0.65       2,447,166     $ 0.53  
Granted*     1,335,000       0.89       6,292,416       1.92       1,785,543       0.62       227,251       0.79  
Forfeited     (121,684 )     1.59       (723,489 )     1.68       (340,876 )     0.65       (158,264 )     0.85  
Exercised     -       -       (1,000,000 )     1.5       -       -       (458,723 )     -  
Outstanding -end of period     9,284,331       1.32       8,071,024     $ 1.4       3,502,097     $ 0.69       2,057,430     $ 0.65  
Exercisable at the end of the period     3,616,433     $ 0.88       2,868,463     $ 0.71       2,204,536     $ 0.74       1,034,129     $ 0.3  

 

* Including 40,000 and 1,450,000 options with performance conditions in the period ended June 30, 2012 and the year ended December 31, 2011, respectively. See Note 2m.
Schedule of Assumptions used to determine the Fair Value of Options
    6 months ended     Year ended December 31  
    June 30, 2012     2011     2010     2009  
Expected life     5.5-6.5 years       0.17-6.5 years       5.25-6 years       5.54-6 years  
Risk-free interest rates     0.7%-1.3 %     0.03%-2.79 %     1.7%-2.69 %     1.7%-2.49 %
Volatility     58%-66 %     55%-79 %     79%-80 %     75%-79 %
Dividend yield     0 %     0 %     0 %     0 %
Options and Warrants Granted to Non Employees [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Information about Warrants and Share Options
    6 month period ended     Year Ended December 31,  
    June 30, 2012     2011     2010     2009  
    Number
of
warrants
and
options		     Weighted
average
exercise price		     Number
of
warrants
and
options		     Weighted
average
exercise price		     Number
of
warrants
and
options		     Weighted
average
exercise
price		     Number of
warrants
and options		     Weighted
average
exercise
price		  
Outstanding - beginning of period     8,402,024     $ 0.98       4,697,606     $ 0.39       3,739,908     $ 0.2       3,382,142     $ 0.1  
Granted*     531,446       1.24       3,963,322       1.48       1,079,440       1.21       357,766       1.07  
Forfeited     (437,706 )     0.59       (258,904 )     0.62       (121,742 )     -       -       -  
Exercised     -       -       -       -       -       -       -       -  
Outstanding - end of period     8,495,764     $ 0.95       8,402,024     $ 0.98       4,697,606     $ 0.39       3,739,908     $ 0.2  
Exercisable at the end of the period     8,226,841     $ 0.94       8,199,858     $ 0.96       4,635,583     $ 0.4       3,439,944     $ 0.12  

 

* Including 77,915 and 97,394 options with performance conditions in the period ended June 30, 2012 and the year ended December 31, 2011, respectively. See Note 2m.
Schedule of Assumptions used to determine the Fair Value of Options
    6 month period ended     Year ended December 31  
    June 30, 2012     2011     2010     2009  
Expected life     2-10 years       1-10 years       9.7-10 years       9-10 years  
Risk-free interest rates     0.3%-1.47 %     1.02%-3.39 %     2.65%-3.01 %     3.4%-3.59 %
Volatility     47%-65 %     53%-62 %     87 %     86%-91 %
Dividend yield     0 %     0 %     0 %     0 %