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