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FINANCING EXPENSES, NET

12 Months Ended

Dec. 31, 2011

FINANCING EXPENSES, NET [Abstract]

FINANCING EXPENSES, NET

NOTE 13 - FINANCING EXPENSES, NET

		US dollars
		Year ended December 31,												Cumulative period from September 30, 2001 (date of inception) through December 31
		2011				2010				2009				2011
Linkage difference on principal of loans from stockholders			24,934				15,909				10,617				177,049
Exchange rate differences			(4,638	)			(51,844	)			18,210				233,897
Stock-based interest compensation to holders of convertible notes (see Note 10C)			-				1,214,943				-				1,214,943
Interest expenses on credit from banks and other			10,597				17,987				3,205				(25,718	)
Interest expenses and other, related to convertible notes			-				200,812				-				200,812
			30,893				1,397,807				32,032				1,800,983

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The entire disclosure relating to financing expenses, net.

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