PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2014

PROPERTY AND EQUIPMENT, NET [Abstract]

NOTE 5 – PROPERTY AND EQUIPMENT, NET

	US dollars
	December 31,
	2014		2013


Computers	124,161		110,930
Furniture and office equipment	184,379		168,957
Leasehold improvements	22,992		25,761
	331,532		305,648
Less – accumulated depreciation	(209,041	)	(198,439	)
	122,491		107,209

During the years ended December 31, 2014, 2013 and 2012, depreciation expenses amounted to $34,683, $33,684 and $25,546, respectively, and new equipment purchases amounted to $63,455, $64,252 and $11,347, 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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