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INCOME (LOSS) PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2014
INCOME (LOSS) PER SHARE [Abstract] |
Schedule of Loss and Weighted Average Number of Shares |
|  | US dollars |  |  | US dollars |
|  | Nine month period ended September 30, |  |  | Three month period ended September 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
|  | (unaudited) |  |  | (unaudited) |
Income (loss) for the period |  |  | 3,755,438 |  |  |  | (2,620,060 | ) |  |  | (769,571 | ) |  |  | (699,868 | )
Cash dividend on Series A Preferred Stock |  |  | (277,852 | ) |  |  | (193,666 | ) |  |  | (92,589 | ) |  |  | (90,847 | )
Stock dividend on Series B Preferred Stock |  |  | (5,912 | ) |  |  | - |  |  |  | (5,912 | ) |  |  | - |
Income attributable to participating securities (Preferred Stock) |  |  | (701,171 | ) |  |  | - |  |  |  | - |  |  |  | - |
Income (loss) for the period attributable to common stockholders |  |  | 2,770,503 |  |  |  | (2,813,726 | ) |  |  | (868,072 | ) |  |  | (790,715 | )
|  | Number of shares |  |  | Number of shares |
|  | Nine month period ended September 30, |  |  | Three month period ended September 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Number of shares: |  |  |  |  |  |  |  |  |  |  |  |
Common shares used in computing Basic income (loss) per share |  |  | 5,303,721 |  |  |  | 5,341,551 |  |  |  | 5,304,100 |  |  |  | 5,299,927 |
Common shares used in computing Diluted income (loss) per share (*) |  |  | 5,352,039 |  |  |  | 5,341,551 |  |  |  | 5,304,100 |  |  |  | 5,299,927 |
Total weighted average number of common shares related to outstanding convertible Preferred Stock, options and warrants excluded from the calculations of diluted income (loss) per share (**) |  |  | 3,574,815 |  |  |  | 2,567,368 |  |  |  | 4,160,346 |  |  |  | 3,449,035 |
| (*) | In applying the treasury method, the average market price of Common Stock was based on management estimate (see Note 2D, above).
| (**) | The Company excludes from the calculation of diluted income (loss) per share, shares that will be issued upon the exercise of options and warrants with exercise prices, that are greater than the estimated average market value of the Company's Common Stock and shares issuable upon conversion of Preferred Stock because their effect would be anti-dilutive. Outstanding shares that will be issued upon conversion or exercise, as applicable, of all convertible Preferred Stock, stock options and warrants, have been excluded from the calculation of the diluted net loss per share for all the reported periods for which net loss was reported because the effect of the common shares issuable as a result of the exercise or conversion of these instruments was anti-dilutive.
Schedule of Loss and the Weighted Average Number of Shares Used In Computing Basic and Diluted Loss Per Share |
|  | Number of shares |  |  | Number of shares |
|  | Nine month period ended September 30, |  |  | Three month period ended September 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Number of shares: |  |  |  |  |  |  |  |  |  |  |  |
Common shares used in computing Basic income (loss) per share |  |  | 5,303,721 |  |  |  | 5,341,551 |  |  |  | 5,304,100 |  |  |  | 5,299,927 |
Common shares used in computing Diluted income (loss) per share (*) |  |  | 5,352,039 |  |  |  | 5,341,551 |  |  |  | 5,304,100 |  |  |  | 5,299,927 |
Total weighted average number of common shares related to outstanding convertible Preferred Stock, options and warrants excluded from the calculations of diluted income (loss) per share (**) |  |  | 3,574,815 |  |  |  | 2,567,368 |  |  |  | 4,160,346 |  |  |  | 3,449,035 |
| (*) | In applying the treasury method, the average market price of Common Stock was based on management estimate (see Note 2D, above).
| (**) | The Company excludes from the calculation of diluted income (loss) per share, shares that will be issued upon the exercise of options and warrants with exercise prices, that are greater than the estimated average market value of the Company's Common Stock and shares issuable upon conversion of Preferred Stock because their effect would be anti-dilutive. Outstanding shares that will be issued upon conversion or exercise, as applicable, of all convertible Preferred Stock, stock options and warrants, have been excluded from the calculation of the diluted net loss per share for all the reported periods for which net loss was reported because the effect of the common shares issuable as a result of the exercise or conversion of these instruments was anti-dilutive.

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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