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SHARE CAPITAL (Tables) | 6 Months Ended
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Jun. 30, 2012
SHARE CAPITAL [Abstract] |
Schedule of Stock Grants Activity |
|  | Number |  |  | Weighted average exercise price (US$) |
Six month period ended June 30, 2012 (unaudited) |  |  |  |  |  |
Balance outstanding at beginning of period |  |  | 454,354 |  |  |  | 5.44 |
Granted |  |  | 17,500 |  |  |  | 6.25 |
Exercised |  |  | - |  |  |  | - |
Forfeited |  |  | - |  |  |  | - |
Balance outstanding at end of the period |  |  | 471,854 |  |  |  | 5.47 |
Balance exercisable at the end of the period |  |  | 113,342 |  |  |  | 2.99 |
|  | Number |  |  | Weighted average exercise price (US$) |
Year ended December 31, 2011 |  |  |  |  |  |
Balance outstanding at beginning of year |  |  | 428,367 |  |  |  | 5.37 |
Granted (*) |  |  | 29,315 |  |  |  | 6.25 |
Exercised |  |  | - |  |  |  | - |
Forfeited |  |  | (3,328 | ) |  |  | 3.84 |
Balance outstanding at end of the year |  |  | 454,354 |  |  |  | 5.44 |
Balance exercisable at the end of the year |  |  | 110,142 |  |  |  | 2.9 |
| (*) | Represents the additional number of options, as of the date indicated, that was required to be issued to Messrs. Gal and Malka following the completion of the Offering, the number of which was finalized in August 2011 upon the completion of the Offering. See Note 16 for a discussion regarding the total number of options to be issued to related parties in connection with the Offering.
|  | Number |  |  | Weighted average exercise price (US$) |
Year ended December 31, 2010 |  |  |  |  |  |
Balance outstanding at beginning of year |  |  | 109,197 |  |  |  | 2.81 |
Granted (*) |  |  | 314,897 |  |  |  | 6.25 |
Granted |  |  | 4,273 |  |  |  | 6.02 |
Exercised |  |  | - |  |  |  | - |
Forfeited |  |  | - |  |  |  | - |
Balance outstanding at end of the year |  |  | 428,367 |  |  |  | 5.37 |
Balance exercisable at the end of the year |  |  | 109,197 |  |  |  | 2.81 |
| (*) | Represents the additional number of options, as of the date indicated, that was required to be issued to Messrs. Gal and Malka following the completion of the Offering, the number of which was finalized in August 2011 upon the completion of the Offering. See Note 16 for a discussion regarding the total number of options to be issued to related parties in connection with the Offering.
|  | Number |  |  | Weighted average exercise price (US$) |
Year ended December 31, 2009 |  |  |  |  |  |
Balance outstanding at beginning of year |  |  | 106,213 |  |  |  | 2.73 |
Granted |  |  | 2,984 |  |  |  | 5.52 |
Exercised |  |  | - |  |  |  | - |
Forfeited |  |  | - |  |  |  | - |
Balance outstanding at end of the year |  |  | 109,197 |  |  |  | 2.81 |
Balance exercisable at the end of the year |  |  | 106,213 |  |  |  | 2.73 |
Schedule of Stock Grants, by Exercise Price Range |
(Unaudited) |
Exercise prices |  | Outstanding at June 30, 2012 |  |  | Weighted average remaining contractual life years |  |  | Weighted average exercise price |  |  | Exercisable at June 30, 2012 |  |  | Weighted average exercise price |
US$ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1.72 |  |  | 46,004 |  |  |  | 5.1 |  |  |  | 1.72 |  |  |  | 46,004 |  |  |  | 1.72 |
3.27 |  |  | 30,966 |  |  |  | 3.4 |  |  |  | 3.27 |  |  |  | 30,966 |  |  |  | 3.27 |
3.48 |  |  | 4,486 |  |  |  | 3.4 |  |  |  | 3.48 |  |  |  | 4,486 |  |  |  | 3.48 |
3.63 |  |  | 4,849 |  |  |  | 5.1 |  |  |  | 3.63 |  |  |  | 4,849 |  |  |  | 3.63 |
3.84 |  |  | 16,580 |  |  |  | 4.5 |  |  |  | 3.84 |  |  |  | 16,580 |  |  |  | 3.84 |
5.52 |  |  | 2,984 |  |  |  | 7.1 |  |  |  | 5.52 |  |  |  | 2,984 |  |  |  | 5.52 |
6.02 |  |  | 4,273 |  |  |  | 4.6 |  |  |  | 6.02 |  |  |  | 4,273 |  |  |  | 6.02 |
6.25 |  |  | 344,212 | (*) |  |  | 8.5 |  |  |  | - |  |  |  | - |  |  |  | - |
6.25 |  |  | 17,500 |  |  |  | 8.5 |  |  |  | 6.25 |  |  |  | 3,200 |  |  |  | 6.25 |
|  |  | 471,854 |  |  |  |  |  |  |  |  |  |  |  | 113,342 |  |  |  |  |
| (*) | Represents the additional number of options, as of the date indicated, to be issued to Messrs. Gal and Malka following the completion of the Offering, the number of which was finalized in August 2011 upon the completion of the Offering. See Note 16 for a discussion regarding the total number of options to be issued in connection with the Offering.
Exercise prices |  | Outstanding at December 31, 2011 |  |  | Weighted average remaining contractual life years |  |  | Weighted average exercise price |  |  | Exercisable at December 31, 2011 |  |  | Weighted average exercise price |
US$ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1.72 |  |  | 46,004 |  |  |  | 5.6 |  |  |  | 1.72 |  |  |  | 46,004 |  |  |  | 1.72 |
3.27 |  |  | 30,966 |  |  |  | 3.9 |  |  |  | 3.27 |  |  |  | 30,966 |  |  |  | 3.27 |
3.48 |  |  | 4,486 |  |  |  | 3.9 |  |  |  | 3.48 |  |  |  | 4,486 |  |  |  | 3.48 |
3.63 |  |  | 4,849 |  |  |  | 5.6 |  |  |  | 3.63 |  |  |  | 4,849 |  |  |  | 3.63 |
3.84 |  |  | 16,580 |  |  |  | 5.0 |  |  |  | 3.84 |  |  |  | 16,580 |  |  |  | 3.84 |
5.52 |  |  | 2,984 |  |  |  | 7.6 |  |  |  | 5.52 |  |  |  | 2,984 |  |  |  | 5.52 |
6.02 |  |  | 4,273 |  |  |  | 5.1 |  |  |  | 6.02 |  |  |  | 4,273 |  |  |  | 6.02 |
6.25 |  |  | 344,212 | (*) |  |  | 9.0 |  |  |  | - |  |  |  | - |  |  |  | - |
|  |  | 454,354 |  |  |  |  |  |  |  |  |  |  |  | 110,142 |  |  |  |  |
| (*) | Represents the additional number of options, as of the date indicated, to be issued to Messrs. Gal and Malka following the completion of the Offering, the number of which was finalized in August 2011 upon the completion of the Offering. See Note 16 for a discussion regarding the total number of options to be issued in connection with the Offering.
Exercise prices |  | Outstanding at December 31, 2010 |  |  | Weighted average remaining contractual life years |  |  | Weighted average exercise price |  |  | Exercisable at December 31, 2010 |  |  | Weighted average exercise price |
US$ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1.72 |  |  | 46,004 |  |  |  | 6.6 |  |  |  | 1.72 |  |  |  | 46,004 |  |  |  | 1.72 |
3.27 |  |  | 30,966 |  |  |  | 4.9 |  |  |  | 3.27 |  |  |  | 30,966 |  |  |  | 3.27 |
3.48 |  |  | 4,486 |  |  |  | 4.9 |  |  |  | 3.48 |  |  |  | 4,486 |  |  |  | 3.48 |
3.63 |  |  | 4,849 |  |  |  | 6.6 |  |  |  | 3.63 |  |  |  | 4,849 |  |  |  | 3.63 |
3.84 |  |  | 19,908 |  |  |  | 6.0 |  |  |  | 3.84 |  |  |  | 19,908 |  |  |  | 3.84 |
5.52 |  |  | 2,984 |  |  |  | 8.6 |  |  |  | 5.52 |  |  |  | 1,493 |  |  |  | 5.52 |
6.02 |  |  | 4,273 |  |  |  | 6.12 |  |  |  | 6.02 |  |  |  | 1,491 |  |  |  | 6.02 |
6.25 |  |  | 314,897 | (*) |  |  | 10.0 |  |  |  | - |  |  |  | - |  |  |  | - |
|  |  | 428,367 |  |  |  |  |  |  |  |  |  |  |  | 109,197 |  |  |  |  |
| (*) | Represents the additional number of options, as of the date indicated, to be issued to Messrs. Gal and Malka following the completion of the Offering, the number of which was finalized in August 2011 upon the completion of the Offering. See Note 16 for a discussion regarding the total number of options to be issued in connection with the Offering.
Schedule of Assumptions Used to Value Options |
|  |  | 1-6/2012 |  |  |  | 2011 |  |  |  | 2010 |  |  |  | 2009 |
Dividend yield (%) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Expected volatility (%) (*) |  |  | 50 |  |  |  | 50 |  |  |  | 50 |  |  |  | 50 |
Risk free interest rate (%) |  |  | 2 |  |  |  | 2 |  |  |  | 2 |  |  |  | 2 |
Expected term of options (years) (**) |  |  | 3-6 |  |  |  | 5-6 |  |  |  | 5-6 |  |  |  | 5-6 |
Exercise price (US dollars) |  |  | 6.25 |  |  |  | 6.25 |  |  |  | 6.02/6.25 |  |  |  | 5.52 |
Share price (US dollars) (***) |  |  | 6.25 |  |  |  | 6.25 |  |  |  | 6.02/6.25 |  |  |  | 5.52 |
Fair value (US dollars) |  |  | 3.08 |  |  |  | 3.08 |  |  |  | 2.81/3.08 |  |  |  | 1.42 |
| (*) | Due to the fact that the Company was a nonpublic entity until November 2011, the expected volatility was based on the historic volatility of public companies which operate in the same industry sector.
| (**) | Due to the fact that the Company does not have sufficient historical exercise data, the expected term was determined based on the "simplified method" in accordance with Staff Accounting Bulletin No. 110.
| (***) | The fair value of the share was based on the most recent share prices, as applicable to each grant.

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