Annual report pursuant to Section 13 and 15(d)

NOTE 1: - GENERAL (Tables)

v2.4.0.6
NOTE 1: - GENERAL (Tables)
12 Months Ended
Dec. 31, 2012
Assets and Liabilities [Member]
 
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
The assets and liabilities of the discontinued operation after impairment of the discontinued operation are shown below.

ASSETS AND LIABILITIES – DISCONTINUED
 
December 31,
 
   
2012
   
2011
 
ASSETS
           
CURRENT ASSETS:
           
Cash and cash equivalents
  $ 106,548     $ 74,945  
Restricted collateral deposits
    44,827       193,488  
Trade receivables
    164,824       2,131,599  
Other accounts receivable and prepaid expenses
    73,073       133,149  
Inventories
          3,499,444  
Total current assets 
    389,272       6,032,625  
LONG TERM ASSETS:
               
Severance pay fund
          683,883  
Total long term assets
          683,883  
Total assets
  $ 389,272     $ 6,716,508  
LIABILITIES
               
CURRENT LIABILITIES:
               
Trade payables
  $ 75,862     $ 4,165,367  
Other accounts payable and accrued expenses
    453,443       2,250,584  
Current portion of long term debt (building mortgage)
    59,287       401,600  
Deferred revenues
          489,416  
Total current liabilities
    588,592       7,306,967  
LONG TERM LIABILITIES
               
Long term debt (building mortgage)
    912,813       963,814  
Total long-term liabilities
    912,813       963,814  
Total liabilities
  $ 1,501,405     $ 8,270,781  
Revenue and Expenses [Member]
 
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
The revenues and expenses of the discontinued operation are shown below.

REVENUE AND EXPENSES – DISCONTINUED
 
December 31,
 
   
2012
   
2011
 
Revenues
 
$
6,890,664
   
$
17,411,879
 
                 
Cost of revenues
   
6,476,082
     
15,924,925
 
Research and development expenses
   
     
643,201
 
Selling and marketing expenses 
   
301,990
     
835,957
 
General and administrative expenses 
   
493,868
     
2,504,746
 
Impairment of long lived assets 
   
     
3,279,558
 
Amortization of intangible assets
   
     
13,350
 
Total operating costs and expenses
   
7,271,940
     
23,201,737
 
                 
Operating loss
   
(381,276
)
   
(5,789,858
)
                 
Other (income) expense
   
(288,594
)
   
20,909
 
Financial expense, net
   
66,111
     
483,624
 
Loss from affiliated company
   
     
269,453
 
Total other expense
   
(222,483
)
   
773,986
 
Loss before income tax benefit
   
(158,793
)
   
(6,563,844
)
Income tax benefit
   
     
 
Net loss
 
$
(158,793
)
 
$
(6,563,844
)
Loss on sale, net of $0 income taxes
 
$
(829,490
)
 
$
 
Non-Recurring Charges [Member]
 
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
The list of unusual expenses relating to the discontinued operation are shown below.

Non-recurring charges related to discontinued operations
 
Year Ended December 31, 2011
 
Impairment of goodwill and intangibles
  $ 1,792,339  
Impairment of property and equipment, net
    1,487,219  
Write off of affiliated company loan and investment
    269,453  
Adjustments to severance - Israel
    301,876  
Total
  $ 3,850,887