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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 $ (0.41 ) $ (0.29 )
Weighted average number of ordinary shares used in computing net loss per share - basic and diluted 17,044,221 14,328,236
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