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SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2015

						Weighted average
						remaining
				Weighted average		contractual		Aggregate
	Number of options			exercise price		term (in years)		intrinsic value

Outstanding at January 1, 2015		766,125			5.38		3.55	$	5,221
Granted		285,250			11.76
Exercised		(185,989	)		3.94
Expired & forfeited		(8,400	)		12.25

Outstanding at December 31, 2015		856,986			7.75		3.28	$	6,157

Vested and expected to vest at December 31, 2015		856,986			7.75		3.28	$	6,157

Exercisable at December 31, 2015		684,050			6.89		2.94	$	5,499

Schedule of RSUs

	Number of RSUs			Weighted average remaining contractual term (in years)		Aggregate intrinsic value

Outstanding at January 1, 2015		-			-		-
Granted		35,000
Vested		(18,500	)
Cancelled & forfeited		(1,500	)

Outstanding at December 31, 2015		15,500			0.1	$	231

Vested and expected to vest at December 31, 2015		15,500			0.1	$	231

Stock Options Under the Plans by Exercise Price

	Options outstanding at December 31, 2015			Options exercisable at December 31, 2015
Exercise price	Number outstanding	Weighted average exercise price	Weighted average remaining contractual life	Number exercisable	Weighted average exercise price	Weighted average remaining contractual life
$		$	In years		$	In years

0.7 - 1.95	7,950	1.23	0.44	7,950	1.23	0.44
2.56 - 4.86	259,061	3.50	2.79	239,061	3.53	2.70
5.0 - 9.64	213,225	6.02	3.44	211,225	5.98	3.43
10.49 - 14.52	376,750	11.78	3.58	225,814	11.49	2.83

	856,986			684,050

Departmental Allocation of Share-based Compensation Charge

	Year ended December 31,
	*2015 ()**		2014		2013

Cost of sales	$	33	$	12	$	7
Research and development, net		529		178		117
Selling and marketing, net		380		146		82
General and administrative		467		243		293

	$	1,409	$	579	$	499

(*)

Including $342 compensation cost related to RSUs for the year ended December 31, 2015.

Outstanding Warrants and Rights

Issuance date	Outstanding and exercisable	Exercise price	Exercisable through
April 24, 2013	135,537	3.49	July 2 , 2016
April 24, 2013	175,448	3.49	April 23, 2016

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details