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EMPLOYEES' RIGHTS UPON RETIREMENT | 12 Months Ended
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Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract] |
Pension and Other Postretirement Benefits Disclosure [Text Block] |
| NOTE 5 - | EMPLOYEES' RIGHTS UPON RETIREMENT
| a. | Israeli law generally requires payment of severance pay upon dismissal of an employee or upon termination of employment in certain other circumstances. The severance pay liability of the Company to its Israeli employees, based upon the number of years of service and the latest monthly salary, is partly covered by regular deposits with severance pay funds and pension funds, and by purchase of insurance policies; under labor agreements, the deposits with recognized pension funds and the insurance policies, as above, are in the employees' names and are, subject to certain limitations, the property of the employees.
The amounts accrued and the portions funded, with severance pay funds and by the insurance policies are reflected in the financial statements as follows:
|  | December 31 |
|  | 2013 |  | 2012 |
|  | U.S. dollars in thousands |
Accrued severance pay |  | $ | 1,804 |  | $ | 1,615 |
Less - amounts funded (presented in “Investment and other non-current assets”) |  |  | (1,673) |  |  | (1,399) |
Unfunded balance |  | $ | 131 |  | $ | 216 |
The amounts of accrued severance pay as above cover the Company’s severance pay liability in accordance with labor agreements in force and based on salary components which, in management’s opinion, create entitlement to severance pay. The Company records the obligation as if it was payable at each balance sheet date on an undiscounted basis. Withdrawals from the funds are generally made for the purpose of paying severance pay.
| b. | The severance pay expenses were $139 thousand, $142 thousand and $290 thousand in the years ended December 31, 2013, 2012 and 2011, respectively.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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