SHAREHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2014

SHAREHOLDERS' EQUITY [Abstract]

SHAREHOLDERS' EQUITY

NOTE 5:- SHAREHOLDERS' EQUITY

 

1. On November 26, 2013, the Company closed a firm commitment underwritten public offering of 2,852,000 ordinary shares (including 372,000 ordinary shares issued to the underwriter upon full exercise of its over-allotment option), at a public offering price of $7.00 per share. The net proceeds for the Company were approximately $18,000.

2. During the six months ended June 30, 2014, 226,967 warrants were exercised into 226,967 of the Company's ordinary shares for a total amount of $109.

3. The fair value for options granted in the periods presented is estimated at the date of grant using a Black-Scholes option-pricing model with the following weighted average assumptions:

	Six months ended June 30,
	2014			2013
	Unaudited
Risk free interest		1.16	%		0.57	%
Dividend yields		0	%		0	%
Volatility		63	%		81	%
Expected life (in years)		4			4

4. The following is a summary of the Company's stock options activity for the six months ended June 30, 2014:

	Number of options (in thousands)			Weighted Average exercise price		Weighted- average remaining contractual term (in years)		Aggregate  intrinsic value
	Unaudited
Outstanding at December 31, 2013		1,715		$	3.47
Granted		432			11.10
Exercised		(425	)		1.56
Canceled or forfeited		(17	)		7.36
Outstanding at June 30, 2014		1,705		$	5.85		3.79	$	5,153
Exercisable at June 30, 2014		868		$	2.59		2.30	$	4,574
Vested and expected to vest at June 30, 2014		1,623		$	5.64		3.70	$	5,129

5. The weighted average fair value of options granted during the six months ended June 30, 2014 was $5.40.

6. The following table shows the total stock-based compensation expense included in the interim consolidated statements of operations:

	Six months ended June  30,
	2014		2013
	Unaudited
Research and development	$	191	$	132
Selling and marketing		298		88
General and administrative		188		86
Total stock-based compensation expense	$	677	$	306