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Commitments and Contingencies | 12 Months Ended
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Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Note 10 - Commitments and Contingencies
Lease commitments
The premises and facilities occupied by the Company are leased under various operating lease agreements. Furthermore, the Company has entered into several operating lease agreements for motor vehicles in Israel.
The agreements related to leases in Israel are in Israeli Shekel (“ILS”) or in ILS, linked to the Israeli Consumer Price Index or to the US Dollars. The agreements related to leases in the USA are in US Dollars and the agreements related to leases in Denmark are in Danish Krone (“DKK”).
The minimum future rental payments under the above leases at exchange rates in effect on December 31, 2015, are as follows:
Year ended December 31 |  |  | US$ thousands |
2016 |  |  |  | 1,434 |
2017 |  |  |  | 582 |
2018 and on |  |  |  | 861 |
Of the amounts above, US$ 24 thousand in 2016, relate to related parties. Rental expenses under the lease agreements for the years ended December 31, 2013, 2014 and 2015 were US$ 837 thousand, US$ 1,243 thousand and US$ 1,403 thousand, respectively.

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