XML 59 R12.htm IDEA: XBRL DOCUMENT v2.4.1.9
COMMITMENTS AND CONTINGENT LIABILITIES
 12 Months Ended
Dec. 31, 2014
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 2017 to 2018.
 
Future minimum lease commitments of the Company and its subsidiaries under the above leases, at exchange rates in effect on December 31, 2014, are as follows:
 
 
 
U.S. dollars in
thousands
 
Years ending December 31:
 
 
 
 
2015
 
$
554
 
2016
 
 
593
 
2017
 
 
584
 
2018
 
 
275
 
 
 
$
2,006
 
 
Rental expense totaled $603 thousand, $581 thousand and $571 thousand in the years ended December 31, 2014, 2013 and 2012, respectively.
 
b.
Contingent liabilities:
 
The Company has provided bank guarantees relating to future performance on certain contracts. As of December 31, 2014, contingent liabilities on outstanding bank guarantees aggregated to an amount of approximately $65 thousand. These amounts are secured by bank deposits.