RESEARCH AND DEVELOPMENT EXPENSES, NET

12 Months Ended

Dec. 31, 2013

RESEARCH AND DEVELOPMENT EXPENSES, NET [Abstract]

NOTE 11

RESEARCH AND DEVELOPMENT EXPENSES, NET

	US dollars
	Year ended December 31,						Cumulative period from September 30, 2001 (date of inception) through December 31,
	2013		2012		2011		2013
Salaries and related expenses		1,293,067		1,289,890		1,194,170		7,429,979
Professional fees		247,888		262,752		210,674		1,953,393
Materials		154,522		166,480		60,360		800,717
Depreciation		32,858		25,546		22,835		284,079
Travel expenses		43,131		4,116		119,498		391,314
Vehicle maintenance		35,955		33,035		33,856		310,410
Other		179,333		138,871		147,908		1,386,728
		1,986,754		1,920,690		1,789,301		12,556,620

Less:Grants from the OCS (*)		-		-		-		(93,462	)
		1,986,754		1,920,690		1,789,301		12,463,158

(*)

See Note 9A.

- Definition

The entire disclosure for research, development, and computer software activities, including contracts and arrangements to be performed for others and with federal government. Includes costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility and in-process research and development acquired in a business combination consummated during the period.

+ References+ Details