EX-11 9 exhibit_11.htm

20-F

Exhibit 11

Statement of Computation of Earnings per Share (in thousands)

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

			Year ended December 31, 2008			Year ended December 31, 2007
Weighted average number of shares used in the
computation of basic earning (loss) per share			$	11,979		$	8,651
Add: Net additional shares from the anticipated
exercise of stock options				-			3,132
Weighted average number of shares used in the
computation of diluted earning per share				11,979			11,783
Options which were not included in the computation
of diluted earning (loss) per share due to anti
dilutive effect			$	2,322		$	173