PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2013

PROPERTY AND EQUIPMENT, NET [Abstract]

NOTE 4

PROPERTY AND EQUIPMENT, NET

	US dollars
	December 31,
	2013			2012

Computers		110,930			85,517
Furniture and office equipment		168,957			114,982
Leasehold improvements		25,761			23,953
		305,648			224,452

Less - accumulated depreciation		(198,439	)		(154,252	)
		107,209			70,200

During the years ended December 31, 2013, 2012 and 2011, depreciation expenses amounted to $33,684, $25,546 and $23,045, respectively, and new equipment purchases amounted to $64,252, $11,347 and $54,619, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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