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INCOME (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2014

INCOME (LOSS) PER SHARE [Abstract]

Schedule of Loss and Weighted Average Number of Shares

The income (loss) and the weighted average number of shares used in computing basic and diluted income (loss) per share for the six and three month periods ended June 30, 2014 and 2013 are as follows:

		US dollars								US dollars
		Six month period ended June 30,								Three month period ended June 30,
		2014				2013				2014				2013
		(unaudited)								(unaudited)
Income (loss) for the period			4,525,009				(1,920,192	)			5,261,928				(576,597	)
Dividend on Preferred Stock			(185,263	)			(102,819	)			(92,589	)			(87,069	)
Income attributable to participating securities (Preferred Stock)			(842,475	)			-				(1,003,097	)			-
Income (loss) for the period attributable to common stockholders			3,497,271				(2,023,011	)			4,166,242				(663,666	)

		Number of shares								Number of shares
		Six month period ended June 30,								Three month period ended June 30,
		2014				2013				2014				2013
Number of shares:
Common shares used in computing Basic income (loss) per share			5,303,529				5,363,302				5,304,072				5,297,693
Common shares used in computing Diluted income (loss) per share (*)			5,361,570				5,363,302				5,336,019				5,297,693
Total weighted average number of common shares related to outstanding convertible Preferred Stock, options and warrants excluded from the calculations of diluted loss per share (**)			3,324,535				3,422,551				3,369,743				3,422,551

(*) In applying the treasury method, the average market price of Common Stock was based on management estimate (see Note 2B, above).

(**) The Company excludes from the calculation of diluted income per share, shares that will be issued upon the exercise of options and warrants with exercise prices, that are greater than the estimated average market value of the Company's Common Stock and shares issuable upon conversion of Preferred Stock because their effect would be anti-dilutive.

Schedule of Loss and the Weighted Average Number of Shares Used In Computing Basic and Diluted Loss Per Share

		Number of shares								Number of shares
		Six month period ended June 30,								Three month period ended June 30,
		2014				2013				2014				2013
Number of shares:
Common shares used in computing Basic income (loss) per share			5,303,529				5,363,302				5,304,072				5,297,693
Common shares used in computing Diluted income (loss) per share (*)			5,361,570				5,363,302				5,336,019				5,297,693
Total weighted average number of common shares related to outstanding convertible Preferred Stock, options and warrants excluded from the calculations of diluted loss per share (**)			3,324,535				3,422,551				3,369,743				3,422,551

(*) In applying the treasury method, the average market price of Common Stock was based on management estimate (see Note 2B, above).

(**) The Company excludes from the calculation of diluted income per share, shares that will be issued upon the exercise of options and warrants with exercise prices, that are greater than the estimated average market value of the Company's Common Stock and shares issuable upon conversion of Preferred Stock because their effect would be anti-dilutive.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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