EX-99.2 3 exhibit_99-2.htm EXHIBIT 99.2 exhibit_99-2.htm
Exhibit 99.2
 
STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
U.S. dollars in thousands, except share data
 
               
Additional
    
Accumulated Other
          
Total
  
   
Ordinary shares
    
paid-in
    
comprehensive
    
Accumulated
   
shareholders'
  
   
Shares
    
Amount
    
Capital
    
loss
     deficit    
equity
  
Balance as of  December  31, 2011
     9,987,777     $ 1,146     $ 107,572     $ (690 )   $ (102,840 )   $ 5,188  
                                                 
Exercise of options , rights and warrants
     519,715       53       683       -       -       736  
Tax benefit related to exercise of stock options
                     40                       40  
Stock-based compensation
     -       -       736       -       -       736  
Net change in accumulated comprehensive income
     -       -       -       18       -       18  
Conversion of convertible debt
     316,491       61       1,251       -       -       1,311  
Exercise of rights  related to convertible debt
     95,947       10       36                       46  
Net Income
     -       -       -       -       1,486       1,487  
Balance as of  December  31, 2012  (Unaudited)
     10,919,930     $ 1,270     $ 110,318     $ (672 )    $ (101,354 )    $ 9,562  
 
*) On July 19, 2012, the Company performed a reverse stock split of the Company's ordinary shares of four (4) for one (1).
The earning per share figures and the share data presented for all prior periods were restated to reflect the effects of the reverse stock split.