XML 29 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMMITMENTS AND CONTINGENT LIABILITIES:
 12 Months Ended
Dec. 31, 2011
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

NOTE 6      - COMMITMENTS AND CONTINGENT LIABILITIES:

 

a. Commitments

 

The Company and its subsidiaries entered into premises lease agreements that will expire between 2012 to 2015.

 

Future minimum lease commitments of the Company and its subsidiaries under the above leases, at exchange rates in effect on December 31, 2011, are as follows:

    U.S. dollars
in thousands		  
Years ending December 31:        
2012   $ 484  
2013     434  
2014     434  
2015     147  
    $ 1,499  

 

Rental expense totaled $585 thousand, $584 thousand, and $861 thousand in the years ended December 31, 2011, 2010 and 2009, respectively.

 

b. Contingent liabilities:

 

The Company has provided bank guarantees relating to future performance on certain contracts. As of December 31, 2011, contingent liabilities on outstanding bank guarantees aggregated to an amount of approximately $66 thousand. These amounts are secured by bank deposits.