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AVAILABLE FOR SALE SECURITIES AND MARKETABLE SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2013
Available-For-Sale Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]
 
 
 
 
December 31
 
 
 
Maturity year
 
2013
 
2012
 
 
 
 
 
U.S. dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
Short-term: (a)
 
 
 
 
 
 
 
 
 
Municipal bond
 
 
 
$
2,757
 
$
-
 
Corporate bond
 
 
 
 
79
 
 
-
 
 
 
 
 
$
2,836
 
$
-
 
 
 
 
 
 
 
 
 
 
 
Long-term - security bond (b)
 
Perpetual
 
$
517
 
$
504
 
 
a.
The Company invests in highly-rated marketable securities, and its policy limits the amount of credit exposure to any one issuer. The Company’s investment policy requires investments to be investment grade, rated single-A or better, with the objective of minimizing the potential risk of principal loss. Fair values were determined for each individual security in the investment portfolio based on quoted prices in active markets.
 
b.
As of December 31, 2013 the company held a long term security bond which is classified as available for sale security and is presented in its fair value. The fair value of the available for sale securities based on quoted prices in active markets for identical instruments (Level 1 as defined under ASC820).