XML 43 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
EQUITY (Tables)
 6 Months Ended
Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Additional Information about Warrants and Share Options

The following table provides additional information about all warrants and options outstanding and exercisable:

 

    Outstanding as of December 31, 2013  
Exercise
price		   Warrants and
options
outstanding		     Weighted
average
remaining
contractual
life (years)		     Warrants
and options
exercisable		  
0-0.002     290,608       4.38       290,608  
0.732     37,862       2.78       37,862  
0.752     83,636       2.23       83,636  
1.97     150,000       9.31          
2.05     297,446       9.32          
2.12     125,000       9.67          
2.23     155,000       9.71          
2.75     500,000       9.52          
2.92     118,750       8.42       39,584  
2.95     25,000       9.35          
2.98     21,500       9.35          
3.16     85,417       8.47       31,250  
3.20     75,000       8.40       25,000  
3.40     179,165       9.10          
4.05     600,000       9.01       183,333  
4.72     22,500       3.59       22,500  
4.92     63,661       1.00       63,661  
4.928     375,882       5.19       366,413  
5.80     60,871       0.75       45,653  
6.00     717,241       2.27       677,945  
6.90     3,652       5.00       3,652  
7.00     20,290       2.42       13,527  
7.20     188,169       2.69       188,169  
7.72     53,750       2.44       35,833  
7.80     814,667       7.88       774,778  
8.00     10,000       2.67       6,667  
8.40     2,500       8.00       1,667  
9.00     25,000       8.73       8,333  
9.60     2,500       8.70       833  
10.00     125,000       7.53       125,000  
10.40     1,250       2.47       833  
      5,231,317       6.72       3,026,737  
Schedule of Allocation of Share Based Compensation Expense

The following table summarizes the allocation of total share-based compensation expense in the consolidated statements of operations:

 

    6 month period ended     Year ended June 30,  
    December 31, 2013     2013     2012  
    ($ in thousands)  
                   
Deduction from revenue   $ -     $ -     $ 68  
Cost of revenues     4       44       192  
Research and development     41       284       370  
Sales and marketing     87       78       375  
General and administrative     1,417       3,433       9,549  
    $ 1,549     $ 3,839     $ 10,554  
Employee Share Options and Warrants [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Information about Warrants and Share Options
The following table summarizes information about warrants and share options to employees:

 

    6 month period ended     Year ended June 30,  
    December 31, 2013     2013     2012  
    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     3,407,054     $ 4.71       2,321,083     $ 5.28       1,098,631     $ 3.60  
Granted*     430,000       2.38       1,706,112       3.19       1,579,250       6.80  
Forfeited     77,863       3.50       (194,729 )     4.11       (106,799 )     8.44  
Exercised     71,016       0.001       (425,412 )     0.001       (250,000 )     6.00  
Outstanding -end of period     3,688,175     $ 4.55       3,407,054     $ 4.71       2,321,083     $ 5.28  
Exercisable at the end of the period     1,526,024     $ 6.55       1,316,979     $ 6.23       904,108     $ 3.04  

 

  * Including 372,500 options with performance conditions in the year ended June 30, 2012.
Schedule of Assumptions used to determine the Fair Value of Options
  The following table sets forth the assumptions that were used in determining the fair value of options granted to employees for the six month period ended December 31, 2013, as well as the years ended June 30, 2013 and 2012:

 

    6 month period ended     Year ended June 30,  
    December 31, 2013     2013     2012  
Expected life     5.5-6.5 years       5.04-6.5 years       0.17-6.5 years  
Risk-free interest rates     1.55%-2.23%       0.72%-1.28%       0.03%-2.79%  
Volatility     68%-69%       67%-70%       55%-71%  
Dividend yield     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

The following table summarizes information about warrants and share options to non-employees:

 

    6 month period ended     Year ended June 30,  
    December 31, 2013     2013     2012  
    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     1,634,702     $ 4.57       2,123,943     $ 3.80       1,999,103     $ 3.60  
Granted*                     115,723       5.09       239,086       5.04  
Forfeited     85,474       4.86       (33,486 )     5.79       (114,246 )     2.44  
Exercised     6,087       0.00       (571,478 )     1.86       -       -  
Outstanding - end of period     1,543,141     $ 4.57       1,634,702     $ 4.57       2,123,943     $ 3.80  
Exercisable at the end of the period     1,500,713     $ 4.53       1,546,693     $ 4.51       2,056,710     $ 3.76  

 

  * Including 50,000 and 19,479 options with performance conditions in the years ended June 30, 2013 and 2012, respectively. See Note 2m.
Schedule of Assumptions used to determine the Fair Value of Options

The following table sets forth the assumptions that were used in determining the fair value of warrants and options granted to non-employees for the years ended June 30, 2013 and 2012. No such options were granted during the six month period ended December 31, 2013:

 

    Year ended June 30,  
    2013     2012  
Expected life     2-10 years       2-10 years  
Risk-free interest rates     0.28%-1.79%       0.3%-1.97%  
Volatility     60%-73%       47%-65%  
Dividend yield     0%       0%