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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2012	Aug. 14, 2012
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
Trading Symbol	VRNG
Entity Registrant Name	VRINGO INC
Entity Central Index Key	0001410428
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		58,245,125

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 3,374	$ 1,190
Accounts receivable	126	341
Prepaid expenses and other current assets	106	187
Total current assets	3,606	1,718
Long-term deposit	8	8
Property and equipment, at cost, net of $485 and $454 accumulated depreciation and amortization, as of June 30, 2012 and December 31, 2011, respectively	121	144
Deferred tax assets-long-term		25
Total assets	3,735	1,895
Current liabilities
Deferred short-term tax liabilities, net	103	67
Accounts payable and accrued expenses	953	428
Accrued employee compensation	341	228
Accrued short-term severance pay	155
Total current liabilities	1,552	723
Long-term liabilities
Accrued severance pay		165
Derivative liabilities on account of warrants	3,555	2,172
Total long-term liabilities	3,555	2,337
Commitments and contingencies
Stockholders' equity (deficit)
Preferred stock, $0.01 par value per share; 5,000,000 authorized; none issued and outstanding as of June 30, 2012 and December 31, 2011
Common stock, $0.01 par value per share 28,000,000 authorized; 15,051,964 and 9,954,516 issued and outstanding as of June 30, 2012 and December 31, 2011, respectively	151	100
Additional paid-in capital	46,836	36,281
Deficit accumulated during the development stage	(48,359)	(37,546)
Total deficit in stockholders' equity	(1,372)	(1,165)
Total liabilities and deficit in stockholders' equity	$ 3,735	$ 1,895

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Property and equipment, accumulated depreciation and amortization	$ 485	$ 454
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	5,000,000	5,000,000
Preferred stock, issued
Preferred stock, outstanding
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	28,000,000	28,000,000
Common stock, issued	15,051,964	9,954,516
Common stock, outstanding	15,051,964	9,954,516

- Definition

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

+ References + Details

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

78 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2012

Revenue

$ 100

$ 227

$ 206

$ 374

$ 1,155

Costs and Expenses

Cost of revenue

428

Research and development

418

460

930

979

14,301

Marketing

340

685

1,099

1,306

12,310

General and administrative

1,282

690

2,742

1,355

11,011

Total operating expenses

^[1]

2,071

1,880

4,833

3,710

38,050

Operating loss

(1,971)

(1,653)

(4,627)

(3,336)

(36,895)

Non-operating income

493

Non-operating expenses

(29)

(7)

(32)

(18)

(206)

Interest and amortization of debt discount expense

(118)

(227)

(6,657)

Gain (loss) on revaluation of warrants

(3,086)

(663)

(3,497)

(2,947)

Issuance of preferential reload warrants

(1,476)

Issuance of non-preferential reload warrants

(1,091)

Gain on restructuring of venture loan

963

Loss on extinguishment of debt

(321)

Loss before taxes on income

(5,086)

(1,478)

(10,710)

(2,569)

(48,137)

Income tax expense

(83)

(26)

(103)

(44)

(222)

Net loss

$ (5,169)

$ (1,504)

$ (10,813)

$ (2,613)

$ (48,359)

Basic and diluted net loss per common share

$ (0.36)

$ (0.26)

$ (0.81)

$ (0.45)

$ (17.54)

Weighted average number of shares used in computing basic and dilutive net loss per common share

14,361,100

5,845,738

13,407,668

5,784,337

2,756,647

[1]	The amount recorded for the three and six months ending June 30, 2012 and 2011 and the cumulative period from inception include $0, $31, $20, $162 and $1,123, respectively, to related parties.

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		78 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
Operating expenses, related party	$ 0	$ 31	$ 20	$ 162	$ 1,123

STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Thousands

Total

Convertible Notes Payable

Employees

Non Employees

Charity

Lead investors

Common stock

Convertible Notes Payable

Common stock

Charity

Series A convertible preferred stock

Additional paid-in capital

Convertible Notes Payable

Additional paid-in capital

Employees

Additional paid-in capital

Non Employees

Additional paid-in capital

Charity

Additional paid-in capital

Lead investors

Deficit accumulated during the development stage

Beginning Balance at Dec. 31, 2006

$ 851

$ 20

$ 24

$ 2,288

$ (1,481)

Grants of stock options, net of forfeitures

$ 98

$ 15

$ 98

$ 15

Discounts to temporary equity

Issuance of shares | Common Stock

$ 140

$ 2

$ 138

Amortization of discounts to temporary equity

(4)

Net loss for the period

(5,163)

Ending Balance at Dec. 31, 2007

(4,020)

2,578

(6,644)

Grants of stock options, net of forfeitures

Issuance of warrants

360

Amortization of discounts to temporary equity

(7)

Net loss for the period

(7,332)

Ending Balance at Dec. 31, 2008

(10,970)

2,960

(13,976)

Grants of stock options, net of forfeitures

178

Issuance of warrants

Loan modification

500

Amortization of discounts to temporary equity

(7)

Net loss for the period

(6,149)

Ending Balance at Dec. 31, 2009

(16,378)

3,701

(20,125)

Grants of stock options, net of forfeitures

883

Exchange of convertible preferred stock for common stock | Series A convertible preferred stock

$ (24)

Exercise of warrants | Cashless

^[1]

Exercise of warrants

^[1]

Conversion of Bridge notes

2,545

2,536

Issuance of shares | Common Stock

9,263

9,239

Amortization of discounts to temporary equity

(3)

Grants of warrants

$ 1,342

Exercise of stock options

Stock dividend

(19)

Reverse stock split

(93)

Exchange of convertible preferred stock for common stock | Series B convertible preferred stock

11,971

11,925

Net loss for the period

(9,942)

Ending Balance at Dec. 31, 2010

(239)

29,774

(30,067)

Grants of stock options, net of forfeitures

1,300

131

1,300

131

Exercise of warrants

Conversion of convertible notes and accrued interest

2,511

2,484

Issuance of shares

785

777

Issuance of shares to a consultant

295

293

Issuance of shares in connection with restructuring of venture loan

213

210

Grants of warrants

$ 43

^[1]

$ 43

Exercise of stock options

Beneficial conversion feature recorded in connection with convertible notes

1,269

Net loss for the period

(7,479)

Ending Balance at Dec. 31, 2011

(1,165)

100

36,281

(37,546)

Grants of stock options, net of forfeitures

$ 1,017

$ 180

$ 1,017

$ 180

Exercise of warrants

8,283

8,236

Issuance of non-preferential reload warrants

1,091

Exercise of stock options

Net loss for the period

(10,813)

Ending Balance at Jun. 30, 2012

$ (1,372)

$ 151

$ 46,836

$ (48,359)

[1]	Consideration for less than $1.

STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2006
Issuance of stock, issuance costs	$ 65
Common Stock
Issuance of stock, issuance costs		$ 1,768
Series A convertible preferred stock
Issuance of stock, issuance costs			$ 33

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended		78 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
Cash flows from operating activities
Net loss	$ (10,813)	$ (2,613)	$ (48,359)
Adjustments to reconcile net cash flows used in operating activities: Items not affecting cash flows
Depreciation and amortization	31	38	485
Change in deferred tax assets and liabilities	60	16	112
Increase (decrease) in accrued severance pay	(6)	(179)	144
Share-based payment expenses	1,197	883	5,659
Accrued interest expense		98	2,855
Interest and amortization of discount in connection with convertible notes			1,280
Issuance of non-preferential reload warrants	1,091		1,091
Issuance of preferential reload warrants	1,476		1,476
Decrease (increase) in fair value of warrants	3,497	(45)	2,947
Gain on restructuring of venture loan		(963)	(963)
Loss on extinguishment of debt			321
Exchange rate (gains) losses	(8)	(24)	73
Changes in current assets and liabilities
Decrease (increase) in receivables, prepaid expenses and other current assets	295	(145)	(237)
Increase in payables and accruals	649	18	1,282
Net cash used in operating activities	(2,531)	(2,916)	(31,834)
Cash flows from investing activities
Acquisition of property and equipment	(8)	(28)	(606)
Decrease in lease deposits			(8)
Investment in restricted short-term deposits and cash equivalents		(1,031)
Net cash used in investing activities	(8)	(1,059)	(614)
Cash flows from financing activities
Receipt of a venture loan			5,000
Repayment on account of venture loan		(1,034)	(3,651)
Issuance of common stock and warrants, net			10,048
Issuance of warrants			1,070
Issuance of convertible preferred stock			12,195
Exercise of common stock options and warrants	4,728	3	4,750
Net cash provided by (used in) financing activities	4,728	(1,031)	35,888
Effect of exchange rate changes on cash and cash equivalents	(5)	6	(66)
Increase (decrease) in cash and cash equivalents	2,184	(5,000)	3,374
Cash and cash equivalents at beginning of period	1,190	5,407
Cash and cash equivalents at end of period	3,374	407	3,374
Supplemental disclosure of cash flows information
Interest paid		151	1,137
Income taxes paid	11	12	51
Non-cash investing and financing transactions
Conversion of convertible loan into convertible preferred stock			1,964
Extinguishment of debt			321
Discount to the series B convertible preferred stock			43
Conversion of bridge notes into common stock			2,545
Amortization of discounts to temporary equity			21
Issuance of shares in consideration of restructuring of venture loan		$ 213	213
Beneficial conversion feature recorded in connection with convertible notes			1,269
Conversion of convertible notes into common stock			2,511
Conversion of derivative liabilities into common stock	$ 3,590		3,590
Convertible Loans
Cash flows from financing activities
Receipt of convertible loans			6,476
Loan warrants
Non-cash investing and financing transactions
Allocation of fair value			334
Conversion warrants
Non-cash investing and financing transactions
Allocation of fair value			1,564
Series B convertible preferred stock
Non-cash investing and financing transactions
Exchange of convertible preferred stock for common stock			11,971
Series A convertible preferred stock
Non-cash investing and financing transactions
Exchange of convertible preferred stock for common stock			$ 24

General

6 Months Ended

Jun. 30, 2012

General

Note 1—General

Vringo, Inc. (a Development Stage Company) (the "Parent") was incorporated in Delaware on January 9, 2006 and commenced operations during the first quarter of 2006. In March 2006, the Parent formed a wholly-owned subsidiary, Vringo (Israel) Ltd., primarily for the purpose of providing research and development services, as detailed in the intercompany service agreement. On March 13, 2012, the Company entered into a Merger Agreement (“Merger Agreement”) with Innovate/Protect, Inc. (“I/P”). For the purpose of the Merger Agreement, the Company formed a wholly owned subsidiary VIP Merger Sub, Inc. (“Merger Sub”), incorporated in Delaware on March 8, 2012. Merger Sub has not carried on any activities to date, except for activities incidental to its formation and activities undertaken in connection with the transactions contemplated by the Merger Agreement. On July 19, 2012, pursuant to the Merger Agreement, I/P merged with and into Merger Sub, with Merger Sub being the surviving corporation through an exchange of capital stock of I/P for capital stock of the Company (the “Merger”). Merger Sub changed its name to Innovate/Protect, Inc. I/P was a holding company, incorporated under the laws of Delaware on June 8, 2011, as Labrador Search Corporation, which holds two wholly-owned subsidiaries: I/P Engine Inc. (“I/P Engine”), formed under the laws of Virginia on June 14, 2011, as Smart Search Labs Inc., which operates for the purpose of realizing economic benefits, and I/P Labs (“I/P Labs”), incorporated in Delaware on June 8, 2011 as Scottish Terrier Capital Inc., which operates to acquire and develop other patented technologies or intellectual property. Except as described in Note 8 “Subsequent Events” or otherwise indicated, the accompanying unaudited condensed financial statements do not give effect to the Merger. The Merger will be accounted for as a “reverse acquisition”. See also Note 8. The Parent and its two Subsidiaries are collectively referred to herein as the "Company".

Prior to the Merger, the Company has been engaged in developing software platforms and applications for mobile phones. The Company develops and provides a wide variety of mobile video services, including a comprehensive platform that allows users to create, download and share video ringtones. The Company's proprietary ringtone platform includes social networking capability and integration with web systems. Pursuant to the consummation of the Merger Agreement, the combined company will also pursue the realization of economic benefits of intellectual property, and will operate to acquire and develop other patented technologies and intellectual property.

The Company is still in the development stage. There is no certainty regarding the Company's ability to complete the development of its products, nor its ability to ensure the success of its marketing. The continuation of the stages of development and the realization of assets related to the planned activities will depend on future events, including future financings, timing and amount of any recovery, if any, resulting from patent litigation, as well as from achieving operational profitability.

In June 2010, the Company completed an initial public offering (the "IPO") of 2,392,000 units, each containing one share of common stock and two warrants, at an issue price of $4.60 per unit. Each warrant in the IPO unit is exercisable for five years after the IPO at an exercise price of $5.06. Gross proceeds of the IPO totaled approximately $11 million, of which the Company received approximately $9.3 million in net proceeds after deducting underwriting discounts, commissions and other offering costs. Immediately prior to the closing of the IPO, the Company's outstanding shares of preferred stock were exchanged for shares of common stock and the Company effected a 1 for 6 reverse stock split of its common stock. The Company issued a stock dividend to holders of the preferred stock prior to the split and exchange. Pursuant to the IPO, all share and per-share information in these consolidated financial statements have been adjusted to give effect to the reverse stock split. On July 27, 2010, the units were separated into their components and the shares and warrants began to trade separately. Upon separation of the units into shares and warrants, the units ceased trading.

Despite the foregoing, there is still substantial doubt as to the ability of the Company to continue operating as a "going concern". The Company has incurred significant losses since its inception, and expects that it will continue to operate at a net loss in the foreseeable future. For the three and six month periods ended June 30, 2012 and for the cumulative period from inception (January 9, 2006) until June 30, 2012, the Company incurred net losses of $5.2 million, $10.8 million and $48.4 million, respectively. Based on current operating plans, the current resources of the combined company, after taking into account the $31.2 million received in a private registered direct offering, offset by $22 million paid for the acquisition of patent assets, as described in Note 8, are expected to be sufficient for at least the next twelve months from the balance sheet date. The Company may need to raise additional funds in connection with any acquisition of patent portfolios or other intellectual property assets that it may pursue. Moreover, a significant portion of the Company’s issued and outstanding warrants are currently “in the money” and the shares of common stock underlying such warrants will become freely tradable upon exercise after registration, with the potential of up to $31 million of incoming funds. There can be no assurance, however, that any such opportunities will materialize, moreover, any such financing would likely be dilutive to the Company’s current stockholders.

These financial statements were prepared using principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business for the foreseeable future, and do not include any adjustments to reflect the possible effects on the recoverability and classification of assets, or the amounts and classification of liabilities that may result should the Company not be able to continue as a going concern.

As of June 30, 2012, approximately $405 thousand of the Company's net assets were located outside of the United States.

Significant Accounting and Reporting Policies

6 Months Ended

Jun. 30, 2012

Significant Accounting and Reporting Policies

Note 2—Significant Accounting and Reporting Policies

(a) Basis of presentation

The accompanying consolidated financial statements include the accounts of the Parent and the two fully-owned Subsidiaries are presented in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). All significant intercompany balances and transactions have been eliminated in consolidation.

The accompanying unaudited consolidated financial statements were prepared in accordance with U.S. GAAP and instructions to Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of financial position, results of operations, and cash flows in conformity with generally accepted accounting principles. These financial statements should be read in conjunction with the consolidated financial statements and related notes for the year ended December 31, 2011. The results of operations for the three and six month period ended June 30, 2012, are not necessarily indicative of the results that may be expected for the entire fiscal year or for any other interim period. For subsequent to the balance sheet date changes related to the Merger see Note 8.

(b) Development stage enterprise

The Company's principal activities to date have been the research and development of its products and the Company has not generated significant revenues from its planned, principal operations. Accordingly, the Company's financial statements are presented as those of a development stage enterprise.

(c) Translation into U.S. dollars

The currency of the primary economic environment in which the operations of the Company are conducted is the U.S. dollar ("dollar" or “U.S. $”). Therefore, the dollar has been determined to be the Company's functional currency.

Transactions in foreign currency (primarily in New Israeli Shekels or "NIS") are recorded at the exchange rate as of the transaction date. All exchange gains and losses from re-measurement of monetary balance sheet items denominated in non-dollar currencies are reflected as finance expense in the statement of operations, as they arise.

At June 30, 2012, the exchange rate was U.S. $1 = NIS 3.923 (December 31, 2011—U.S. $1 = NIS 3.821). The average exchange rate for the three and six months ended June 30, 2012 was U.S. $1 = NIS 3.824 and U.S. $1 = NIS 3.782, respectively (three and six months ended June 30, 2011— U.S. $1 = NIS 3.441 and US $1 = NIS 3.521, respectively).

(d) Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results may differ from such estimates. Significant items subject to such estimates and assumptions include deferred tax assets and liabilities, valuation of warrants, valuation of common stock share-based compensation, income tax uncertainties and other contingencies. The current economic environment has increased the degree of uncertainty inherent in those estimates and assumptions.

(e) Accounts receivables and allowance for doubtful accounts

Trade accounts receivable are recorded at the invoiced amount and do not bear interest. Amounts collected on trade accounts receivable are included in net cash provided by operating activities in the consolidated statements of cash flows. The need for an allowance for doubtful accounts is based on the Company’s best estimate of the amount of credit loss in the Company’s existing receivables. The need for an allowance is determined on an individual account receivable basis. The Company considers customers’ historical payment patterns, general and industry specific economic factors in determining their customers’ probability of default. The Company reviews the need for an allowance for doubtful accounts on a monthly basis. From inception through June 30, 2012, no significant write-offs, or provision for doubtful accounts was created. The Company does not have any significant off-balance-sheet credit exposurerelated to its customers.

(f) Impact of recently implemented accounting standards

In April 2011, the Financial Accounting Standards Board (FASB) issued ASU 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS. This ASU amends current fair value measurement and disclosure guidance to include increased transparency around valuation input and investment categorization. ASU 2011-04 is effective for fiscal years and interim periods beginning after December 15, 2011, with early adoption not permitted. The adoption of ASU 2011-04 in 2012 did not have an impact on the Company’s financial position, results of operations, or cash flows.

In June 2011, the FASB issued ASU 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. ASU 2011-05 allows an entity to present components of net income and other comprehensive income in one continuous statement, referred to as the statement of comprehensive income, or in two separate, but consecutive statements. ASU 2011-05 eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders’ equity. In December 2011, the FASB issued ASU 2011-12 Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05.”ASU 2011-12 deferred the effective date of the specific requirement to present items that are reclassified out of accumulated other comprehensive income to net income alongside their respective components of net income and other comprehensive income. While the new guidance changes the presentation of comprehensive income, there are no changes to the components that are recognized in net income or other comprehensive income under current accounting guidance. ASU 2011-05 is effective for fiscal years and interim periods beginning after December 15, 2011 and must be applied retrospectively. The adoption of ASU 2011-05 in 2012 did not have an impact on the Company’s financial position, results of operations, or cash flows, because the Company does not have elements of other comprehensive income.

(g) Impact of recently issued accounting standards

In December 2011, the FASB issued ASU 2011-11, Balance Sheet (Topic 210), Disclosures about Offsetting Assets and Liabilities, which require companies to disclose information about financial instruments that have been offset and related arrangements to enable users of their financial statements to understand the effect of those arrangements on their financial position. Companies will be required to provide both net (offset amounts) and gross information in the notes to the financial statements for relevant assets and liabilities that are offset. ASU 2011-11 is effective for fiscal years, and interim periods within those years, beginning on or after January 1, 2013. The Company does not expect the adoption of ASU 2011-11 in the first quarter of 2013 to have an impact on its financial position, results of operations, or cash flows.

(h) Net loss per share data

Basic net loss per share share is computed by dividing the net loss for the period by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing the net loss for the period by the weighted-average number of shares of common stock plus dilutive potential common stock considered outstanding during the period. However, as the Company generated net losses in all periods presented, potentially dilutive securities, comprised mainly of warrants and stock options, are not reflected in diluted net loss per share because such shares are anti-dilutive.

The table below presents the computation of basic and diluted net losses per common share:

													Cumulative
													from inception
	Three months ended June 30,						Six months ended June 30,						to June 30,
	2012			2011			2012			2011			2012
Numerator:	(in thousands, except share and per share data)

Net loss attributable to common stock shares (basic and diluted)		(5,169	)		(1,504	)		(10,813	)		(2,613	)		(48,359	)
Denominator:
Weighted average number of common stock shares outstanding during the period (basic and diluted)		14,145,406			5,756,345			13,159,407			5,654,929			2,678,643
Weighted average number of penny stock options (basic and diluted)		215,694			89,393			248,281			129,408			78,004
Basic and diluted common stock share outstanding		14,361,100			5,845,738			13,407,668			5,784,337			2,756,647
Basic and diluted net losses per common stock share		(0.36	)		(0.26	)		(0.81	)		(0.45	)		(17.54	)

Fair Value Measurements

6 Months Ended

Jun. 30, 2012

Fair Value Measurements

Note 3—Fair Value Measurements

The Company measures fair value in accordance with ASC 820-10, "Fair Value Measurements and Disclosures" (formerly SFAS 157, "Fair Value Measurements"). ASC 820-10 clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, ASC 820-10 establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:

Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.

Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

The Company measures its derivative liabilities at fair value. The Special Bridge Warrants, Conversion Warrants and Preferential Reload Warrants are classified within Level 3 because they are valued using the Black-Scholes-Merton and the Monte-Carlo models (as these warrants include a down-round protection clauses), which utilize significant inputs that are unobservable in the market such as the expected stock price volatility and the dividend yield, and the remaining period of time the warrants will be outstanding before they expire.

The following table presents the Company's assets and liabilities measured at fair value on a recurring basis as of June 30, 2012 and December 31, 2011, aggregated by the level in the fair-value hierarchy within which those measurements fall:

Fair value measurement at reporting date using

June 30,
2012

Quoted prices in
active markets
for identical
assets (Level 1)

Significant other
observable
inputs (Level 2)

Significant
unobservable
inputs (Level 3)

Description

U.S.$ thousands

Liabilities

Derivative liabilities on account of warrants

3,555

—

3,555

Total liabilities

3,555

—

3,555

			Fair value measurement at reporting date using
	December 31, 2011		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Description	U.S.$ thousands
Liabilities
Derivative liabilities on account of warrants		2,172		—		—		2,172
Total liabilities		2,172		—		—		2,172

In addition to the above, the Company's financial instruments at June 30, 2012 and December 31, 2011 consisted of cash, accounts receivable, long-term deposits and accounts payable. The carrying amounts of all the aforementioned financial instruments approximate fair value.

The following table summarizes the changes in the Company's liabilities measured at fair value using significant unobservable inputs (Level 3) during the three and six month periods ended June 30, 2012 and 2011:

	Level 3
	2012			2011
	U.S.$			U.S.$
Balance at January 1,		2,172			1,770
Issuance of Preferential Reload Warrants		1,476			—
Fair value adjustment prior to exercise of warrants, included in statement of operations		270			(708	)
Exercise of derivative warrants		(2,223	)		—
Fair value adjustment at end of period, included in statement of operations		141			—
Balance at March 31,		1,836			1,062
Fair value adjustment prior to exercise of warrants, included in statement of operations		750			—
Exercise of derivative warrants		(1,367	)		—
Fair value adjustment at end of period, included in statement of operations		2,336			663
Balance at June 30,		3,555			1,725

Valuation processes for Level 3 Fair Value Measurements

Fair value measurement of the derivative liability on account of Special Bridge Warrants, Conversion Warrants and Preferential Reload Warrants, which fall within Level 3 of the fair value hierarchy are determined and then reviewed within the Company’s accounting department, who reports to the Chief Financial Officer. The fair value measurements are compared to those of the prior reporting periods to ensure that changes are consistent with expectations of management based upon the sensitivity and nature of the inputs

	Valuation	Unobservable
Description	Technique	Inputs	Range

Special Bridge Warrants, Conversion Warrants and Preferential Reload Warrants	Black-Scholes-Merton and the Monte-Carlo models	Volatility	78.23% - 84.45	%
		Risk free interest rate	0.38% - 0.77	%
		Expected term, in years	2.50 - 4.61
		Dividend yield	0.0	%
		Probability and timing of down-round triggering event	15% occurrence in December 2012

Sensitivity of Level 3 measurements to changes in significant unobservable inputs

The inputs to estimate the fair value of the Company’s derivative warrant liability are the current market price of the Company’s common stock, the exercise price of the warrant, its remaining term, the volatility of the Company’s common stock market price, Company’s estimations regarding the probability and timing of a down-round protection triggering event and the risk-free interest rate. Significant changes in any of those inputs in the isolation can result in a significant change in the fair value measurement. Generally, a positive change in the market price of the Company’s common stock, and an increase in the volatility of the Company’s common stock, or an increase in the remaining term of the warrant, or an increase of a probability of a down-round triggering event would each result in a directionally similar change in the estimated fair value of the Company’s warrants and thus an increase in the associated liability and vice-versa. An increase in the risk-free interest rate or a decrease in the positive differential between the warrant’s exercise price and the market price of the Company’s common stock would result in a decrease in the estimated fair value measurement of the warrants and thus a decrease in the associated liability. The Company has not, nor plans to, declare dividends on its common stock, and thus, there is no change in the estimated fair value of the warrants due to the dividend assumption.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 44A, 44B
-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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-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 10: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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+ Details

Accrued Severance Pay

6 Months Ended

Jun. 30, 2012

Accrued Severance Pay

Note 4 - Accrued Severance Pay

Under Israeli law, the subsidiary in Israel is required to make severance payments to dismissed employees, and employees leaving employment in certain other circumstances. All of the Israeli subsidiary’s employees signed agreements, limiting the subsidiary in Israel’s severance liability to actual deposits in the insurance policies, as per Section 14 of the Severance Payment Law of 1963.

In March 2012, the Company signed a separation agreement with its former CEO. According to the terms of the separation agreement and consistent with the employment agreement and amendment hereto, the former CEO will be entitled to receive salary and benefits during a ninety day notice period and a nine month severance period, until February 2013, and stock options granted to him will become exercisable over a certain period after his termination. As a result of the above mentioned termination, during the three month period ended March 31, 2012, the accrued severance provision was reclassified to a short-term liability, an additional severance expense in the total amount of $68 thousand and an additional share-based compensation expense of approximately $526 thousand were recorded.

There are no statutory or agreed-upon severance arrangements with U.S. employees, other than with the current CEO, should there be a merger subsequent to the Merger with I/P (as described in Note 1) and it is not accrued for, as it is not probable.

Stockholders' Equity

6 Months Ended

Jun. 30, 2012

Stockholders' Equity

Note 5—Stockholders' Equity

Stock Options

In January 2012, the Company’s board of directors (the “Board”) approved a one year acceleration of option vesting for all option holders, except for the Company’s Chief Executive Officer (CEO) who will obtain 50% acceleration on all his unvested options, should the Company be subject to a change of control in a merger and/or acquisition transaction. In addition, in March 2012, the Board approved participation of all outstanding options, as of the consummation of the Merger with I/P, except for grants pursuant to separation arrangements, in future dividends, if any, as well as the acceleration of vesting of certain outstanding options, according to the following market conditions: should the target of a $5.00 price or $250 million market capitalization be reached for twenty of thirty consecutive trading days, a 50% acceleration of all granted would occur; should the target of a $10.00 price or $500 million market capitalization be reached for twenty of thirty consecutive trading days, a 75% acceleration of all granted would occur; should the target of a $20.00 price or $1,000 million market capitalization be reached for twenty of thirty consecutive trading days, a 100% acceleration of all granted would occur. In addition, upon a subsequent change of control, defined as a more than 50% change in shareholder ownership excluding the transaction with I/P, 75% of the then unvested options held by each grantee shall automatically vest. Moreover, all outstanding options granted to members of the Board shall fully vest if a Board member ceases to be a director at any time during the six-month period immediately following a change of control. For subsequent to the balance sheet date impact on the Company’s financial statements see Note 8.

For the three month periods ended June 30, 2012 and 2011, the Company recorded stock compensation expense of $333 thousand and $452 thousand, respectively. For the six month period ended June 30, 2012 and 2011 the Company recorded stock compensation expense of $1,197 and thousand $883 thousand, respectively. Cumulative from inception through June 30, 2012, the Company has recorded stock compensation expense of $5,659 thousand, in respect of stock options granted.

As of June 30, 2012, there was approximately $2.5 million of total unrecognized share-based payment cost related to non-vested share-based compensation arrangements granted under the incentive stock option plan. That cost is expected to be recognized over an estimated 4 year period. As of June 30, 2012, there were approximately 9.1 million shares of common stock available for grant under the incentive stock option plan. For subsequent events see also Note 8.

During the three month period ended June 30, 2012 and 2011, 1 thousand and 120 thousand stock options were forfeited, 67 thousand and 29 thousand stock options expired and 337 thousand and 20 thousand stock options were exercised, respectively. During the six month period ended June 30, 2011, 234 thousand stock options were forfeited, 104 thousand stock options expired and 20 thousand stock options were exercised. The following table summarizes information about option activity for the six month period endedsix month period ended June 30, 2012:

	No. of options			Weighted average exercise price		Exercise price range
				U.S.$		U.S.$
Outstanding at January 1, 2012		2,228,400		$	3.17	$	0.01 – 5.50
Granted		2,576,800		$	1.49	$	0.01 – 3.40
Exercised		(363,943	)	$	0.10	$	0.01 – 1.65
Expired		(67,812	)	$	2.24	$	1.50 – 5.50
Forfeited		(104,775	)	$	4.99	$	0.01 – 5.50
Outstanding at June 30, 2012		4,268,670		$	2.35	$	0.01 – 5.50
Exercisable at June 30, 2012		1,322,756

The following table summarizes the the option grants for the six month period ended June 30, 2012:

	No. of options to Employees, Management and Directors		No. of options to Consultants		Exercise price		Average fair value of granted option
					U.S.$		U.S.$
January 2012		599,500		5,000	$	0.96	$	0.50
January – February 2012		20,000		61,300	$	0.01	$	0.95 – $1.2
February 2012		130,000		—	$	1.21	$	0.68
March 2012		1,600,000		100,000	$	1.65	$	0.99
May – June 2012		16,000		45,000	$	3.33-$3.40	$	2.02 – $2.27
Total as of June 30, 2012		2,365,500		211,300

The following table summarizes information about warrant activity for the six month period ended June 30, 2012:

	No. of warrants			Weighted average exercise price		Exercise price range
				U.S.$		U.S.$
Outstanding at January 1, 2012		9,096,943		$	3.10	$	0.94 – $5.06
Granted		2,672,756		$	1.76	$	1.76
Exercised		(4,879,972	)	$	1.07	$	0.94 – $1.76
Outstanding at June 30, 2012		6,889,727		$	4.02	$	0.94 – $5.06

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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Reference 20: http://www.xbrl.org/2003/role/presentationRef
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-Article 3

+ Details

Commitments and Contingencies

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies

Note 6—Commitments and Contingencies

Future minimum lease payments under non-cancelable operating leases for office space and cars, as of June 30, 2012, are as follows (see Note 8 for subsequent events):

	U.S.$
	thousands
Year ending December 31,
2012 (six months ending December 31, 2012)		48
2013		53
		101

Rental expense for operating leases for both office space and cars for the six months ended June 30, 2012 and 2011 was $66 thousand and $55 thousand, respectively. Rental expense for operating leases for both office space and cars for the three months ended June 30, 2012 and 2011 was $32 thousand and $22 thousand, respectively.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
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+ Details

Risks and Uncertainties

6 Months Ended

Jun. 30, 2012

Risks and Uncertainties

Note 7—Risks and Uncertainties

(a)

Financial instruments which potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents with various major financial institutions. These major financial institutions are located in Israel and the United States, and the Company’s policy is designed to limit exposure to any one institution. With respect to accounts receivable, the Company is subject to a concentration of credit risk, as a majority of its outstanding trade receivables relate to sales to a limited number of customers.

(b)

The Company's video ringtone data is hosted at a remote location. Although the Company has full alternative site data backed up, it does not have data hosting redundancy and are thus exposed to the business risk of significant service interruptions to its video ringtone service.

(c)

The Company’s subscription based video ringtone products are subject to regulation in the markets in which the service operates. Regulatory changes can adversely affect the Company’s ability to generate revenue from its products in that market.

(d)

The Company’s Facetones® application creates an automated video slideshow using friends' photos from social media web sites, primarily from Facebook®, the world's leading social media site. In the event Facebook® prohibits or restricts the ability of the Company’s application to access photos on its site, the Company’s revenue from this application and projected growth could be harmed.

	(e)	A significant portion of the Company's expenses are denominated in NIS. The Company expects this level of NIS expenses to continue for the foreseeable future. If the value of the U.S. dollar weakens against the value of NIS, there will be a negative impact on the Company's operating costs. In addition, to the extent the Company holds monetary assets and liabilities that are denominated in currencies other than the U.S. dollar, the Company will be subject to the risk of exchange rate fluctuations.

	(f)	The wireless industry in which the Company conducts its business is characterized by rapid technological changes, frequent new product innovations, changes in customer requirements and expectations and evolving industry standards.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13531-108611

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6404-108592

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6442-108592

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6351-108592

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 94-6
-Paragraph 21, 22, 24
-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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-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.

+ Details

Subsequent Events

6 Months Ended

Jun. 30, 2012

Subsequent Events

Note 8—Subsequent Events

(a)

On July 19, 2012, the Company consummated the Merger with I/P, as also discussed in Note 1. The purpose of the Merger is to increase the Company's intellectual property portfolio, which it intends to monetize, together with additional intellectual property, acquired both internally and through acquisition, including a potential successful outcome of I/P's litigation against online search companies. The Merger is also intended to add expertise in technological innovation in order to increase revenue generation. Upon completion of the Merger (i) 6,169,661 shares common stock of I/P, par value $0.0001 per share were exchanged for 18,617,569, shares of the Company’s common stock, par value $0.01, per share and (ii) all outstanding shares of Series A Convertible Preferred Stock of I/P, par value $0.0001 per share were exchanged for 6,673 shares of the Company’s Series A Convertible Preferred Stock, which shares are convertible into 20,136,445 shares of common stock of the Company. In addition, the Company issued to the holders of I/P capital stock, an aggregate of 15,959,838 warrants to purchase an aggregate of 15,959,838 shares of the Company’s common stock with an exercise price of $1.76 per share. In addition, each outstanding and unexercised option to purchase I/P common stock, whether vested or unvested was converted into 41,178 options to purchase the Company’s common stock. Immediately following the completion of the Merger, the former stockholders of I/P own approximately 55.04% of the outstanding common stock of the combined company, and the Company’s stockholders prior to the Merger own approximately 44.96% of the outstanding common stock of the combined company. On a fully diluted basis, the former stockholders of I/P own approximately 67.61% of the outstanding common stock of the combined company, and the Company’s stockholders prior to the Merger own approximately 32.39% of the outstanding common stock of the combined company. For accounting purposes, I/P was identified as the accounting “Acquirer”, as it is defined in FASB Topic ASC 805. As a result, in the post-combination consolidated financial statements, I/P’s assets and liabilities will be presented at its pre-combination amounts, and the Company’s assets and liabilities will be recognized and measured in accordance with the guidance for business combinations in ASC 805. The Company is in the process of evaluating the accounting treatment of the Merger. In particular, the value of the consideration transferred is determined based on the outstanding equity interests in the Company as of transaction date, the value of which has not yet been determined. Such equity interests include approximately 15.2 million of the Company’s outstanding shares of common stock, approximately 5.6 million warrants, classified as equity, as well as approximately 3.3 million vested stock options granted to employees, management and consultants.

	(b)	Upon the consummation of the Merger, subsequent to the balance sheet date, the Company entered into an Amended and Restated Pledge and Security Agreement and an Amended and Restated Guaranty with each of its subsidiaries to guaranty the obligations of I/P under certain Amended and Restated Senior Secured Promissory Note (the “Secured Note”), dated July 19, 2012, by and between I/P and Hudson Bay, an investor in I/P. As of June 30, 2012, the outstanding balance under the Secured Note was $3.2 million. The Secured Note accrues interest at 0.46% per annum and matures on June 22, 2013. From and after the date upon which (i) the Company and its subsidiaries have more than $15 million in the aggregate of cash and cash equivalents, Hudson Bay may require the Company to redeem up to 50% of the outstanding principal amount of the Secured Note, (ii) the Company has more than $20 million in the aggregate of cash and cash equivalents, Hudson Bay may require the Company to redeem up to 100% of the outstanding principal of the Secured Note, and (iii) the Company receive proceeds in excess of $500 thousand in the aggregate from the issuance of any equity or indebtedness, Hudson Bay may require the Company to redeem the outstanding principal under the note in an amount equal to up to 20% of the proceeds of the issuance of any such equity or indebtedness. In addition, the Secured Note provides that in the event of a change of control, Hudson Bay may require the Company to redeem all or any portion of the Secured Note at a price in cash equal to 125% of the amount redeemed. I/P has granted Hudson Bay a security interest in all of its tangible and intangible personal property (including the Lycos’s patents) to secure its obligations under the Secured Note. In connection with the Merger, the Company assumed the Secured Note and guaranteed the obligations thereunder.

	(c)	Effective upon the consummation of the Merger and subsequent to the balance sheet date, Hudson Bay committed on June 1, 2012, that, at any time within 18 months following the closing of the Merger it shall provide, upon request, debt financing to the combined company, in the aggregate principal amount of up to $6 million. Hudson Bay’s commitment shall be reduced, on a dollar for dollar basis, by (i) any cash or capital raised by the Company, including, without limitation, through the issuance of any debt, equity and/or securities convertible, exercisable or exchangeable into equity of the Company or the incurrence of indebtedness of the Company and (ii) any cash received by the Company in connection with the exercise of any of its outstanding warrants. Following the fund raised in a registered direct offering, as it is described in Note 8(i) below, the commitment was rescinded, as per the agreement.

	(d)	In July 2012, the Company signed a rental agreement for its new headquarters in New York. According to the new agreement, the Company shall pay an annual fee of approximately $137 thousand (subject to certain adjustments). The term of the lease agreement is 3 years and 1 month.

	(e)	The Company estimates that the total additional compensation cost, which may also include costs to be absorbed due to option-related tax matters, to be recorded in connection with the impact of acceleration of vesting triggered by the Merger is approximately $1.9 million. The additional cost is to be recognized as a part of the value of consideration transferred in the Merger, as it is described in Note 8 (a). Currently, the Company does not expect to account for any dividend payouts. Moreover, the Company estimates that the effect of acceleration under the new market conditions terms to be immaterial, due to low probability of occurrence. Refer also to Note 5.

	(f)	On July 19, 2012, the Company’s stockholders approved the 2012 Employee, Director and Consultant Equity Incentive Plan (“2012 Plan”), replacing the existing 2006 Stock Option Plan, which was terminated with the remaining 9.1 million authorized shares thereunder cancelled. The 2012 Plan was replaced in order to ensure full compliance with legal and tax requirements under U.S. law. The number of shares subject to the 2012 Plan is the sum of: (i) 15.6 million shares of common stock, which constitutes 6.5 million new shares and 9.1 million previously authorized but unissued shares under the 2006 Stock Option Plan and (ii) any shares of common stock that are represented by awards granted under Vringo's 2006 Stock Option Plan that are forfeited, expire or are cancelled without delivery of shares of common stock or which result in the forfeiture of shares of common stock back to the Company, or the equivalent of such number of shares after the administrator, in its sole discretion, has interpreted the effect of any stock split, stock dividend, combination, recapitalization or similar transaction in accordance with the 2012 Plan; provided, however, that no more than 3.2 million shares shall be added to the 2012 Plan.

	(g)	On July 26, 2012, the Board approved a new grant of 5.5 million options, at an exercise price range of $3.72-$3.9, and 3.2 million restricted stock unit awards to the Company’s directors, management, employees and consultants to be granted under the recently adopted 2012 Plan (see Note 8 (f) above). These options and restricted stock unit awards will vest over a three to four year period (according to the applicable schedule of each recipient). In addition, the Board approved an acceleration of vesting, in respect of certain grants, upon future change of control. The full impact of these events on the Company’s financial statements has not yet been determined, however, the Company believes that such effect will be material.

(h)

In July 2012, following the consummation of the Merger, 3,592 of the Company’s Series A Preferred stock shares were converted into approximately 10.8 million of its shares of common stock.

(i)

On August 9, 2012, the Company entered into subscription agreements for the sale of 9.6 million shares of its common stock in a registered direct offering at a price of $3.25 per share, for gross proceeds of approximately $31.2 million. The Company intends to use the proceeds of the offering to acquire a portfolio of intellectual property from Nokia Corporation, as further described in Note 8 (j) below, to repay all outstanding indebtedness and for its ongoing operational needs.

(j)

On August 9, 2012, the Company announced that it had entered into a patent purchase agreement with Nokia Corporation, pursuant to which Nokia agreed to sell it a portfolio consisting of various patents and patent applications worldwide. The purchase price for the portfolio is $22 million, plus to the extent that the gross revenue generated by such portfolio exceeds $22 million, a royalty of 35% of such excess. The portfolio encompasses a broad range of technologies relating to cellular infrastructure, including communication management, data and signal transmission, mobility management, radio resources management and services.

Significant Accounting and Reporting Policies (Policies)

6 Months Ended

Jun. 30, 2012

Basis of presentation

(a) Basis of presentation

Development stage enterprise

(b) Development stage enterprise

Translation into U.S. dollars

(c) Translation into U.S. dollars

Use of estimates

(d) Use of estimates

Accounts receivables and allowance for doubtful accounts

(e) Accounts receivables and allowance for doubtful accounts

Impact of recently implemented accounting standards

(f) Impact of recently implemented accounting standards

Impact of recently issued accounting standards

(g) Impact of recently issued accounting standards

Net loss per share data

(h) Net loss per share data

Basic net loss per share is computed by dividing the net loss for the period by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing the net loss for the period by the weighted-average number of shares of common stock plus dilutive potential common stock considered outstanding during the period. However, as the Company generated net losses in all periods presented, potentially dilutive securities, comprised mainly of warrants and stock options, are not reflected in diluted net loss per share because such shares are anti-dilutive.

The table below presents the computation of basic and diluted net losses per common share:

													Cumulative
													from inception
	Three months ended June 30,						Six months ended June 30,						to June 30,
	2012			2011			2012			2011			2012
Numerator:	(in thousands, except share and per share data)

Net loss attributable to common stock shares (basic and diluted)		(5,169	)		(1,504	)		(10,813	)		(2,613	)		(48,359	)
Denominator:
Weighted average number of common stock shares outstanding during the period (basic and diluted)		14,145,406			5,756,345			13,159,407			5,654,929			2,678,643
Weighted average number of penny stock options (basic and diluted)		215,694			89,393			248,281			129,408			78,004
Basic and diluted common stock share outstanding		14,361,100			5,845,738			13,407,668			5,784,337			2,756,647
Basic and diluted net losses per common stock share		(0.36	)		(0.26	)		(0.81	)		(0.45	)		(17.54	)

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ References + Details

- Definition

Disclosure of accounting policy for trade and other accounts receivables. This disclosure may include the basis at which such receivables are carried in the entity's statements of financial position (for example, net realizable value), how the entity determines the level of its allowance for doubtful accounts, when impairments, charge-offs or recoveries are recognized, and the entity's income recognition policies for such receivables, including its treatment of related fees and costs, its treatment of premiums, discounts or unearned income, when accrual of interest is discontinued, how the entity records payments received on nonaccrual receivables and its policy for resuming accrual of interest on such receivables. If the enterprise holds a large number of similar loans, disclosure may include the accounting policy for the anticipation of prepayments and significant assumptions underlying prepayment estimates for amortization of premiums, discounts, and nonrefundable fees and costs.

+ References + Details

Significant Accounting and Reporting Policies (Tables)

6 Months Ended

Jun. 30, 2012

Computation of Basic and Diluted Net Losses Per Common Share

The table below presents the computation of basic and diluted net losses per common share:

													Cumulative
													from inception
	Three months ended June 30,						Six months ended June 30,						to June 30,
	2012			2011			2012			2011			2012
Numerator:	(in thousands, except share and per share data)

Net loss attributable to common stock shares (basic and diluted)		(5,169	)		(1,504	)		(10,813	)		(2,613	)		(48,359	)
Denominator:
Weighted average number of common stock shares outstanding during the period (basic and diluted)		14,145,406			5,756,345			13,159,407			5,654,929			2,678,643
Weighted average number of penny stock options (basic and diluted)		215,694			89,393			248,281			129,408			78,004
Basic and diluted common stock share outstanding		14,361,100			5,845,738			13,407,668			5,784,337			2,756,647
Basic and diluted net losses per common stock share		(0.36	)		(0.26	)		(0.81	)		(0.45	)		(17.54	)

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

Assets and Liabilities Measured at Fair Value on Recurring Basis

Fair value measurement at reporting date using

June 30,
2012

Quoted prices in
active markets
for identical
assets (Level 1)

Significant other
observable
inputs (Level 2)

Significant
unobservable
inputs (Level 3)

Description

U.S.$ thousands

Liabilities

Derivative liabilities on account of warrants

3,555

—

3,555

Total liabilities

3,555

—

3,555

			Fair value measurement at reporting date using
	December 31, 2011		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Description	U.S.$ thousands
Liabilities
Derivative liabilities on account of warrants		2,172		—		—		2,172
Total liabilities		2,172		—		—		2,172

Changes in Liabilities Measured at Fair Value Using Significant Unobservable Inputs

	Level 3
	2012			2011
	U.S.$			U.S.$
Balance at January 1,		2,172			1,770
Issuance of Preferential Reload Warrants		1,476			—
Fair value adjustment prior to exercise of warrants, included in statement of operations		270			(708	)
Exercise of derivative warrants		(2,223	)		—
Fair value adjustment at end of period, included in statement of operations		141			—
Balance at March 31,		1,836			1,062
Fair value adjustment prior to exercise of warrants, included in statement of operations		750			—
Exercise of derivative warrants		(1,367	)		—
Fair value adjustment at end of period, included in statement of operations		2,336			663
Balance at June 30,		3,555			1,725

Fair Value Measurements Based Upon Sensitivity and Nature of Inputs

The fair value measurements are compared to those of the prior reporting periods to ensure that changes are consistent with expectations of management based upon the sensitivity and nature of the inputs

	Valuation	Unobservable
Description	Technique	Inputs	Range

Special Bridge Warrants, Conversion Warrants and Preferential Reload Warrants	Black-Scholes-Merton and the Monte-Carlo models	Volatility	78.23% - 84.45	%
		Risk free interest rate	0.38% - 0.77	%
		Expected term, in years	2.50 - 4.61
		Dividend yield	0.0	%
		Probability and timing of down-round triggering event	15% occurrence in December 2012

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References + Details

Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2012

Option Activity

The following table summarizes information about option activity for the six month period ended June 30, 2012:

	No. of options			Weighted average exercise price		Exercise price range
				U.S.$		U.S.$
Outstanding at January 1, 2012		2,228,400		$	3.17	$	0.01 – 5.50
Granted		2,576,800		$	1.49	$	0.01 – 3.40
Exercised		(363,943	)	$	0.10	$	0.01 – 1.65
Expired		(67,812	)	$	2.24	$	1.50 – 5.50
Forfeited		(104,775	)	$	4.99	$	0.01 – 5.50
Outstanding at June 30, 2012		4,268,670		$	2.35	$	0.01 – 5.50
Exercisable at June 30, 2012		1,322,756

Option Grant

The following table summarizes the option grants for the six month period ended June 30, 2012:

	No. of options to Employees, Management and Directors		No. of options to Consultants		Exercise price		Average fair value of granted option
					U.S.$		U.S.$
January 2012		599,500		5,000	$	0.96	$	0.50
January – February 2012		20,000		61,300	$	0.01	$	0.95 – $1.2
February 2012		130,000		—	$	1.21	$	0.68
March 2012		1,600,000		100,000	$	1.65	$	0.99
May – June 2012		16,000		45,000	$	3.33-$3.40	$	2.02 – $2.27
Total as of June 30, 2012		2,365,500		211,300

Warrant Activity

The following table summarizes information about warrant activity for the six month period ended June 30, 2012:

	No. of warrants			Weighted average exercise price		Exercise price range
				U.S.$		U.S.$
Outstanding at January 1, 2012		9,096,943		$	3.10	$	0.94 – $5.06
Granted		2,672,756		$	1.76	$	1.76
Exercised		(4,879,972	)	$	1.07	$	0.94 – $1.76
Outstanding at June 30, 2012		6,889,727		$	4.02	$	0.94 – $5.06

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2012

Future Minimum Lease Payments Under Non Cancelable Operating Leases

Future minimum lease payments under non-cancelable operating leases for office space and cars, as of June 30, 2012, are as follows (see Note 8 for subsequent events):

	U.S.$
	thousands
Year ending December 31,
2012 (six months ending December 31, 2012)		48
2013		53
		101

General - Additional Information (Detail) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended						78 Months Ended
	Jun. 30, 2010 USD ($) $ / shares $ / Right shares	Jun. 30, 2012 USD ($)	Jun. 30, 2011 USD ($)	Jun. 30, 2012 USD ($)	Jun. 30, 2011 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Dec. 31, 2008 USD ($)	Dec. 31, 2007 USD ($)	Dec. 31, 2006 USD ($)	Jun. 30, 2012 USD ($)
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of subsidiaries				2
Initial Public offering,units issued \| shares	2,392,000
Initial Public offering,number of common stock in each unit \| shares	1
Initial Public offering number of warrants in each unit \| shares	2
Initial Public offering,Issue price per unit \| $ / shares	$ 4.60
Initial Public offering,warrant exercisable period	5 years
Initial Public offering,warrant exercise price \| $ / Right	5.06
Initial Public offering,total gross proceeds received	$ 11,000
Initial Public offering,net proceeds received	$ 9,300
Exchange of preferred stock to common stock, reverse stock split description	1 for 6
Net loss		$ (5,169)	$ (1,504)	$ (10,813)	$ (2,613)	$ (7,479)	$ (9,942)	$ (6,149)	$ (7,332)	$ (5,163)	$ (1,481)	$ (48,359)
Proceed from private registered direct offering				31,200
Payment to acquire patent assets				22,000
Funds from potential exercise of issued and outstanding warrants	$ 31,000
Outside of United States
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Net asset		$ 405		$ 405								$ 405

Significant Accounting and Reporting Policies - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Significant Accounting Policies [Line Items]
Foreign exchange rate, per US dollar	3.923		3.923		3.821
Average foreign exchange rate, per US dollar	3.824	3.441	3.782	3.521

Computation of Basic and Diluted Net Losses Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended						78 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2007	Dec. 31, 2006	Jun. 30, 2012
Numerator:
Net loss attributable to common stock shares (basic and diluted)	$ (5,169)	$ (1,504)	$ (10,813)	$ (2,613)	$ (7,479)	$ (9,942)	$ (6,149)	$ (7,332)	$ (5,163)	$ (1,481)	$ (48,359)
Denominator:
Weighted average number of common stock shares outstanding during the period (basic and diluted)	14,145,406	5,756,345	13,159,407	5,654,929							2,678,643
Weighted average number of penny stock options (basic and diluted)	215,694	89,393	248,281	129,408							78,004
Basic and diluted common stock share outstanding	14,361,100	5,845,738	13,407,668	5,784,337							2,756,647
Basic and diluted net losses per common stock share	$ (0.36)	$ (0.26)	$ (0.81)	$ (0.45)							$ (17.54)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: 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

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph d
-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 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
-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 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-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 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-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 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
-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 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

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

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-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 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-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 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-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.

+ Details

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Liabilities
Total liabilities	$ 3,555	$ 2,172
Conversion warrants
Liabilities
Derivative liabilities on account of warrants	3,555	2,172
Fair Value, Inputs, Level 3
Liabilities
Total liabilities	3,555	2,172
Fair Value, Inputs, Level 3 \| Conversion warrants
Liabilities
Derivative liabilities on account of warrants	$ 3,555	$ 2,172

Changes in Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Detail) - USD ($)	3 Months Ended
	Jun. 30, 2012	Mar. 31, 2012	Jun. 30, 2011	Mar. 31, 2011
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 1,836	$ 2,172	$ 1,062	$ 1,770
Issuance of Preferential Reload Warrants		1,476
Exercise of derivative warrants	(1,367)	(2,223)
Fair value adjustment at end of period, included in statement of operations	2,336	141	663
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	3,555	1,836	$ 1,725	1,062
Prior to exercise of warrants
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value adjustment at end of period, included in statement of operations	$ 750	$ 270		$ (708)

Fair Value Measurements Based Upon Sensitivity and Nature of Inputs (Detail)	6 Months Ended
	Jun. 30, 2012
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Dividend yield	0.00%
Probability of down-round triggering event	15.00%
Timing of down-round triggering event	2012-12
Minimum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Volatility	78.23%
Risk free interest rate	0.38%
Expected term, in years	2 years 6 months
Maximum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Volatility	84.45%
Risk free interest rate	0.77%
Expected term, in years	4 years 7 months 6 days

Accrued Severance Pay - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2012 USD ($)
Restructuring Cost and Reserve [Line Items]
Severance expense	$ 68
Share-based compensation expense	$ 526

- Definition

Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.

+ References + Details

- Definition

The charge against earnings in the period for known and estimated costs of termination benefits provided to current employees that are involuntarily terminated under a benefit arrangement associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding costs or losses pertaining to an entity newly acquired in a business combination or a discontinued operation as defined by generally accepted accounting principles and costs associated with one-time termination benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4(b))
-URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)(10)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5-8
-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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 5
-Section P
-Subsection 3, 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 146
-Paragraph 8-13, 20
-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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS146-1
-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 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 112
-Paragraph 7
-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.

+ Details

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		78 Months Ended
	Mar. 31, 2012	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jan. 31, 2012
Stockholders Equity [Line Items]
Share based compensation, expense				$ 1,197	$ 883	$ 5,659
Stock option expense						5,659
Non-vested share-based compensation arrangements, total unrecognized share-based payment costs		$ 2,500		$ 2,500		$ 2,500
Non-vested share-based compensation arrangements, expected period of recognition				4 years
Shares of common stock available for future grants				9,100,000
Stock options, forfeited		1,000	120,000	104,775	234,000
Options expired		67,000	29,000	67,812	104,000
Stock options, exercised		337,000	20,000	363,943	20,000
Consultant
Stockholders Equity [Line Items]
Share based compensation, expense		$ 333	$ 452	$ 1,197	$ 883
Change in Control of Company \| Chief Executive Officer
Stockholders Equity [Line Items]
Percentage of stock option acceleration							50.00%
Target of a $5.00 price or $250 million market capitalization
Stockholders Equity [Line Items]
Target price per share conditions for acceleration of option vesting	$ 5.00
Target market capitalization conditions for acceleration of option vesting	$ 250,000
Consecutive trading days for of target market conditions	30 days
Percentage of stock option acceleration	50.00%
Target of a $5.00 price or $250 million market capitalization \| Market Capitalization
Stockholders Equity [Line Items]
Consecutive trading days for of target market conditions	20 days
Target of a $10.00 price or $500 million market capitalization
Stockholders Equity [Line Items]
Target price per share conditions for acceleration of option vesting	$ 10.00
Target market capitalization conditions for acceleration of option vesting	$ 500,000
Consecutive trading days for of target market conditions	30 days
Percentage of stock option acceleration	75.00%
Target of a $10.00 price or $500 million market capitalization \| Market Capitalization
Stockholders Equity [Line Items]
Consecutive trading days for of target market conditions	20 days
Target of a $20.00 price or $1,000 million market capitalization
Stockholders Equity [Line Items]
Target price per share conditions for acceleration of option vesting	$ 20.00
Target market capitalization conditions for acceleration of option vesting	$ 1,000,000
Consecutive trading days for of target market conditions	30 days
Percentage of stock option acceleration	100.00%
Target of a $20.00 price or $1,000 million market capitalization \| Market Capitalization
Stockholders Equity [Line Items]
Consecutive trading days for of target market conditions	20 days
March 2012
Stockholders Equity [Line Items]
Percentage of stock option acceleration	75.00%
Shareholder ownership	50.00%

Option Activity (Detail) - $ / shares	3 Months Ended		6 Months Ended
Option Activity (Detail) - $ / shares	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Exercise price range
Outstanding at January 1, 2012			2,228,400
Granted			2,576,800
Exercised	(337,000)	(20,000)	(363,943)	(20,000)
Expired	(67,000)	(29,000)	(67,812)	(104,000)
Forfeited	(1,000)	(120,000)	(104,775)	(234,000)
Outstanding at June 30, 2012	4,268,670		4,268,670
Exercisable at June 30, 2012	1,322,756		1,322,756
Weighted average exercise price
Outstanding at January 1, 2012			$ 3.17
Granted			1.49
Exercised			0.10
Expired			2.24
Forfeited			4.99
Outstanding at June 30, 2012	$ 2.35		2.35
Minimum
Weighted average exercise price
Outstanding at January 1, 2012			0.01
Granted			0.01
Exercised			0.01
Expired			1.50
Forfeited			0.01
Outstanding at June 30, 2012	0.01		0.01
Maximum
Weighted average exercise price
Outstanding at January 1, 2012			5.50
Granted			3.40
Exercised			1.65
Expired			5.50
Forfeited			5.50
Outstanding at June 30, 2012	$ 5.50		$ 5.50

Option Grant (Detail)	6 Months Ended
Option Grant (Detail)	Jun. 30, 2012 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
No. of options \| shares	2,576,800
January 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price	$ 0.96
Average fair value of granted option	0.50
January - February 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price	0.01
January - February 2012 \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Average fair value of granted option	0.95
January - February 2012 \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Average fair value of granted option	1.20
February 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price	1.21
Average fair value of granted option	0.68
March 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price	1.65
Average fair value of granted option	0.99
May - June 2012 \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price	3.33
Average fair value of granted option	2.02
May - June 2012 \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price	3.40
Average fair value of granted option	$ 2.27
Employees, Management and Consultants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
No. of options \| shares	2,365,500
Employees, Management and Consultants \| January 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
No. of options \| shares	599,500
Employees, Management and Consultants \| January - February 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
No. of options \| shares	20,000
Employees, Management and Consultants \| February 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
No. of options \| shares	130,000
Employees, Management and Consultants \| March 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
No. of options \| shares	1,600,000
Employees, Management and Consultants \| May - June 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
No. of options \| shares	16,000
Consultant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
No. of options \| shares	211,300
Consultant \| January 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
No. of options \| shares	5,000
Consultant \| January - February 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
No. of options \| shares	61,300
Consultant \| March 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
No. of options \| shares	100,000
Consultant \| May - June 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
No. of options \| shares	45,000

Warrant Activity (Detail)	6 Months Ended
Warrant Activity (Detail)	Jun. 30, 2012 $ / Right shares
No. of warrants
Outstanding at January 1, 2012 \| shares	9,096,943
Granted \| shares	2,672,756
Exercised \| shares	(4,879,972)
Outstanding at June 30, 2012 \| shares	6,889,727
Weighted average exercise price
Outstanding at January 1, 2012	3.10
Granted	1.76
Exercised	1.07
Outstanding at June 30, 2012	4.02
Minimum
Exercise price range
Outstanding at January 1, 2012	0.94
Granted	1.76
Exercised	0.94
Outstanding at June 30, 2012	0.94
Maximum
Exercise price range
Outstanding at January 1, 2012	5.06
Granted	1.76
Exercised	1.76
Outstanding at June 30, 2012	5.06

Future Minimum Lease Payments Under Non Cancelable Operating Leases (Detail) $ in Thousands	Jun. 30, 2012 USD ($)
Future Minimum Payments Under Non-Cancelable Operating Leases With Initial Terms Of One-Year Or More [Line Items]
2012 (six months ending December 31, 2012)	$ 48
2013	53
Operating Leases, Future Minimum Payments Due, Total	$ 101

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Operating Leased Assets [Line Items]
Rental expense for operating leases	$ 32	$ 22	$ 66	$ 55

Subsequent Events - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			3 Months Ended		6 Months Ended		78 Months Ended
	Aug. 31, 2012	Jul. 31, 2012	Jun. 30, 2012	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jul. 19, 2012	Jun. 01, 2012	Dec. 31, 2011	Dec. 31, 2010
Subsequent Event [Line Items]
Common stock converted upon completion of merger, par value			$ 0.01	$ 0.01		$ 0.01		$ 0.01			$ 0.01
Series A convertible preferred stock converted upon completion of merger, par value			$ 0.01	$ 0.01		$ 0.01		$ 0.01			$ 0.01
Aggregate Cash and cash equivalents			$ 3,374	$ 3,374	$ 407	$ 3,374	$ 407	$ 3,374			$ 1,190	$ 5,407
Line of credit facility, aggregate principal amount available										$ 6,000
Line of credit facility, period of availability			18 months
Annual rental fee commitment				32	22	66	55
Estimated additional compensation cost upon vesting						$ 1,900
Option granted						2,576,800
Proceed from private registered direct offering						$ 31,200
Revenue				100	$ 227	206	$ 374	1,155
Following registered direct offering
Subsequent Event [Line Items]
Line of credit facility, aggregate principal amount available										$ 0
Common stock
Subsequent Event [Line Items]
Equity instruments									$ 15,200
Equity warrants
Subsequent Event [Line Items]
Equity instruments									5,600
Stock Option
Subsequent Event [Line Items]
Equity instruments									$ 3,300
Scenario Amended Contractual Terms \| May - June 2012
Subsequent Event [Line Items]
Aggregate Cash and cash equivalents			$ 15,000	15,000		$ 15,000		15,000
Percentage redeemable, outstanding amount						50.00%
Scenario Amended Contractual Terms \| February 2012
Subsequent Event [Line Items]
Aggregate Cash and cash equivalents			20,000	20,000		$ 20,000		20,000
Percentage redeemable, outstanding amount						100.00%
Scenario Amended Contractual Terms \| Scenario 7
Subsequent Event [Line Items]
Percentage redeemable, outstanding amount						20.00%
Proceed from issuance equity/debt						$ 500
Price in cash equal to the amount redeemed						125.00%
Secured Promissory Note
Subsequent Event [Line Items]
Secured Note			$ 3,200	$ 3,200		$ 3,200		$ 3,200
Annual interest rate			0.46%	0.46%		0.46%		0.46%
Maturity date						Jun. 22, 2013
Lease Agreements
Subsequent Event [Line Items]
Annual rental fee commitment		$ 137
Term of lease agreement		3 years 1 month
Merger Agreement
Subsequent Event [Line Items]
Common stock converted upon completion of merger, par value									$ 0.01
Options issued for conversion upon merge		41,178
Percentage of ownership of outstanding common stock									44.96%
Percentage of ownership of fully diluted common stock									32.39%
Merger Agreement \| Common stock
Subsequent Event [Line Items]
Common stock converted upon completion of merger, shares		6,169,661
Common stock converted upon completion of merger, par value									$ 0.0001
Issuance of stock		18,617,569
Merger Agreement \| Series A Convertible Preferred Stock
Subsequent Event [Line Items]
Issuance of stock		6,673
Series A convertible preferred stock converted upon completion of merger, par value									$ 0.0001
Convertible preferred stock, shares of common stock in to which it is convertible		20,136,445
Merger Agreement \| Conversion warrants
Subsequent Event [Line Items]
Warrant issued for conversion upon merger, par value		15,959,838
Aggregate of shares of common stock purchased by warrant									15,959,838
Warrants exercise price per share		$ 1.76
Merger Agreement \| Innovate Protect Incorporated
Subsequent Event [Line Items]
Percentage of ownership of outstanding common stock									55.04%
Percentage of ownership of fully diluted common stock									67.61%
Employee Share Option Plan Twenty Zero Six
Subsequent Event [Line Items]
Common stock cancelled		9,100,000
Employee Share Option Plan Twenty Zero Six \| Previously authorized but unissued shares
Subsequent Event [Line Items]
Common stock authorized									9,100,000
Employee Stock Plan 2012
Subsequent Event [Line Items]
Common stock authorized									15,600,000
Employee Stock Plan 2012 \| Maximum
Subsequent Event [Line Items]
Common stock newly authorized		3,200,000
Employee Stock Plan 2012 \| Newly shares
Subsequent Event [Line Items]
Common stock authorized									6,500,000
Subsequent Event
Subsequent Event [Line Items]
Option granted		5,500,000
Restricted stock award		$ 3,200
Subsequent Event \| Stock Option \| Maximum
Subsequent Event [Line Items]
Exercise price		$ 3.9
Subsequent Event \| Stock Option \| Minimum
Subsequent Event [Line Items]
Exercise price		$ 3.72
Issuance of Equity
Subsequent Event [Line Items]
Issuance of stock	9,600,000
Series A Preferred stock converted to common stock		3,592
Common stock issued up on conversion of Series A Preferred stock		10,800,000
Issuance of stock, price per share	$ 3.25
Proceed from private registered direct offering	$ 31,200
Business Acquisition
Subsequent Event [Line Items]
Payment to acquire patent assets	22,000
Royalty of 35% on gross revenue in exceeds $22 million
Subsequent Event [Line Items]
Revenue	$ 22,000
Royalty payment rate on revenue in excess of $22 million	35.00%