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LOSS PER SHARE | 6 Months Ended
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Jun. 30, 2012
LOSS PER SHARE [Abstract] |
LOSS PER SHARE |
NOTE 15 | - | LOSS PER SHARE
The loss and the weighted average number of shares used in computing basic and diluted loss per share for the six and three month periods ended June 30, 2012 and 2011, and for the years ended December 31, 2011, 2010 and 2009, are as follows:
|  | US dollars |
|  | Six month period ended June 30, |  |  | Three month period ended June 30, |  |  | Year ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |  |  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (unaudited) |  |  | (unaudited) |  |  |  |
Loss for the period |  |  | 1,372,411 |  |  |  | 1,056,921 |  |  |  | 737,458 |  |  |  | 516,657 |  |  |  | 2,364,339 |  |  |  | 2,788,446 |  |  |  | 1,202,296 |
|  | Number of shares |
|  | Six month period ended June 30, |  |  | Three month period ended June 30, |  |  | Year ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |  |  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (unaudited) |  |  | (unaudited) |  |  |  |
Weighted average number of shares used in the computation of basic and diluted earnings per share |  |  | 5,295,543 |  |  |  | 4,922,582 |  |  |  | 5,295,543 |  |  |  | 4,989,720 |  |  |  | 5,091,330 |  |  |  | 4,034,706 |  |  |  | 3,995,805 |
Total weighted average number of ordinary shares related to outstanding options and warrants excluded from the calculations of diluted loss per share (*) |  |  | 600,232 |  |  |  | 555,764 |  |  |  | 600,232 |  |  |  | 555,764 |  |  |  | 582,732 |  |  |  | 511,648 |  |  |  | 109,197 |
| (*) | All stock issuable upon the exercise of all outstanding stock options and warrants and conversion of convertible notes (with respect to fiscal year 2010 calculation of EPS) have been excluded from the calculation of the diluted net loss per share for all the reported periods, since the effect of the shares issuable with respect of these instruments was anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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