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Marketable Securities | 12 Months Ended
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Dec. 31, 2018
Marketable Securities [Abstract] |
MARKETABLE SECURITIES | NOTE 2 - MARKETABLE SECURITIES
|  | December 31, |
Maturity year |  | 2 0 1 8 |  |  | 2 0 1 7 |
|  | U.S. dollars in thousands |
Short-term (a): |  |  |  |  |  |
Municipal bond |  | $ | 3,325 |  |  | $ | 4,806 |
Corporate bond |  |  | 1,027 |  |  |  | 1,072 |
|  | $ | 4,352 |  |  | $ | 5,878 |
Long-term security bond (b) Perpetual |  | $ | 105 |  |  | $ | 544 |
| (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, 2018, the Company held a long-term security bond which is classified as available-for-sale security and presented at fair value. The fair value of the available-for-sale security based on quoted prices in active markets for identical instruments (Level 1 as defined under ASC 820, “Fair Value Measurement”).

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 + Details
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