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INVESTMENTS IN AFFILIATED AND OTHER COMPANY | 12 Months Ended
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Dec. 31, 2014
INVESTMENTS IN AFFILIATED AND OTHER COMPANY [Abstract] |
INVESTMENTS IN AFFILIATED AND OTHER COMPANY | #### NOTE 4 - INVESTMENTS IN AFFILIATED AND OTHER COMPANY A. Investment in affiliated companies 1. Ecomtrade Ltd. (“Ecomtrade”) The Company held 50% of the shares of Ecomtrade. In December 2013, the Company sold its entire investment in Ecomtrade which amounted to a net amount of US$ 166,000 (including a loan in an amount fo US$ 273,000) for no proceeds. 2. BRINGG Delivery Technologies Ltd. ("BRINGG") Formerly Overvyoo Ltd In December 2013, the Company purchased 27.5% of BRINGG's shares for an amount of US$ 1.4 million. BRINGG is an Israeli start-up Company developing solutions of the management of mobile/field workforce. See also Note 20. B. Investment in other company Locationet Systems Ltd. (“Locationet”) The Company holds 10.64% of the shares of Locationet. The balance of the Company's investment in Locationet as of December 31, 2014 and 2013 was US$ 79,000 and US$ 88,000 respectively.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=35687916&loc=d3e32787-111569 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=35687916&loc=d3e32847-111569 + Details
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