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Commitments and Contingent Liabilities

12 Months Ended

Dec. 31, 2017

Commitments and Contingent Liabilities [Abstract]

COMMITMENTS AND CONTINGENT LIABILITIES

NOTE 6 - COMMITMENTS AND CONTINGENT LIABILITIES

a. Commitments:

The Company and its subsidiaries entered into premises lease agreements that will expire between 2018 and 2025.

Future minimum lease commitments of the Company and its subsidiaries under the above leases, at exchange rates in effect on December 31, 2017, are as follows:

			U.S. dollars in thousands
	Years ending December 31:
	2018		$	503
	2019			504
	2020			213
	2021			50
	2022-2025			158
			$	1,428

Rental expense totaled $489 thousand, $542 thousand and $529 thousand in the years ended December 31, 2017, 2016 and 2015, respectively.

b. Contingent liabilities:

The Company has provided bank guarantees relating to future performance on certain contracts. As of December 31, 2017, contingent liabilities on outstanding bank guarantees aggregated to an amount of approximately $45 thousand.

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- References

No definition available.

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- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-URI http://asc.fasb.org/topic&trid=2127136

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-URI http://asc.fasb.org/topic&trid=2144648

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