EX-11 8 exhibit_11.htm

F-1/A

EXHIBIT 11

Statement of Computation of Earnings per Share

Following is the data relating to the weighted average number of shares used in the computation of diluted earning (loss) per share:

			Six months ended June 30,						Year ended December 31, 2005
			2006			2005
			Unaudited
Weighted average number of shares used in the
computation of basic earning (loss) per share				6,625			4,793			5,616
Add: Net additional shares from the anticipated
exercise of stock options				104			-			-
Weighted average number of shares used in the
computation of basic earning (loss) per share				6,729			4,793			5,616
Options which were not included in the computation
of diluted earning (loss) per share due to anti
dilutive effect				2,029			1,331			1,334