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TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Profit Before Income Tax Expense (Benefit) Included In The Statement Of Operations

Profit before tax and income tax expense (benefit) included in the consolidated statements of comprehensive income:

		Year ended December 31,
		2017				2016				2015
		US Dollars in thousands
Profit (loss) before income tax expense:
Israel			(3,701	)			(2,767	)			1,038
Foreign jurisdictions			-				200				206
			(3,701	)			(2,567	)			1,244

Current tax expense (benefit):
Israel			-				-				(3	)
Foreign jurisdictions			74				73				72
			74				73				69
Deferred taxes:
Israel			-				1,085				149
Foreign jurisdictions			-				-				-
			-				1,085				149
Income tax expense			74				1,158				218

Reconciliation Of The Theoretical Income Tax Expense To The Actual Income Tax Expense

A reconciliation of the theoretical income tax (expense) benefit, assuming all income is taxable at the statutory rates applicable in Israel, and the actual income tax expense, is as follows:

		Year ended December 31,
		2017				2016				2015
		US Dollars in thousands
Profit (loss) before income tax expense (benefit) as reported in the consolidated  statements of comprehensive income			(3,701	)			(2,567	)			1,244
Statutory tax rates			24	%			25	%			26.5	%
Theoretical tax expense (benefit) calculated			(888	)			(642	)			330
Other			574				(138	)			36
Changed in liability for undistributed income of subsidiaries			29				37				38
Change in valuation allowance			(80	)			(2,075	)			(92	)
Increase in capital loss for tax purposes			0				915				-
Change in effective on corporate tax rate			(49	)			(17	)			-
Changes in deferred tax of carryforward losses due to sale of investment in previously consolidated subsidiaries:			-				492				-
Tax benefit (expense) arising from "Beneficiating and Preferred enterprises"			296				250				(109	)
Foreign tax rate differential in  subsidiaries			44				20				15
Total			814				(516	)			(112	)
Income tax (expense) benefit			(74	)			(1,158	)			218

Deferred Tax Assets And Liabilities

Deferred taxes reflect the tax effects of temporary differences were been the carrying amounts of assets and liabilities for financial reporting purposes and such amounts for income tax purposes.  Significant components of the Company's deferred tax liabilities and assets are as follows:

		December 31,
		2017				2016
		US Dollars in thousands
Deferred tax assets:
Net operating loss carryforwards (in Israel)			3,614				2,772
Capital loss carryforwards (in Israel)			1,170				1,957
Severance benefits			28				23
Provision for vacation pay			218				202
Tax credit carryforward			1,065				926
Allowance for doubtful accounts			37				26
Total gross deferred tax assets			6,132				5,906

Less valuation allowance			(5,256	)			(5,175	)
Net deferred tax assets			876				731
Deferred tax liabilities:
Undistributed income of subsidiaries			(275	)			(197	)
Fixed assets - differences in depreciation			(601	)			(534	)
Total gross deferred tax liabilities			(876	)			(731	)

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- References

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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