EX-11 9 exhibit_11.htm EXHIBIT 11

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, |  |  | Year ended December 31, |
|  | 2012 |  |  | 2011 |
Weighted average number of shares used in the computation of basic earnings (loss) per share |  |  | 1,118 |  |  |  | 705 |
Weighted average number of shares used in the computation of diluted earnings (loss) per share |  |  | 1,118 |  |  |  | 705 |
Options and warrants which were not included in the computation of diluted earnings (loss) per share due to anti-dilutive effect |  |  | 294 |  |  |  | 381 |