RESEARCH AND DEVELOPMENT EXPENSES

12 Months Ended

Dec. 31, 2015

NOTE 11

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RESEARCH AND DEVELOPMENT EXPENSES

	US dollars
	Year ended December 31,
	2015		2014		2013
Salaries and related expenses		1,303,614		1,128,672		1,293,067
Professional fees		525,144		377,918		247,888
Materials		166,736		96,699		154,522
Depreciation		19,132		16,156		32,858
Travel expenses		39,324		27,867		43,131
Vehicle maintenance		54,936		25,888		35,955
Other		159,459		176,424		179,333
		2,268,345		1,849,624		1,986,754

- 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