Annual report pursuant to Section 13 and 15(d)

NOTE 6: - PROPERTY AND EQUIPMENT, NET

v2.4.1.9
NOTE 6: - PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
NOTE 6:–                        PROPERTY AND EQUIPMENT, NET

a.                 Composition of property and equipment is as follows:

   
December 31,
 
   
2014
   
2013
 
Cost:
           
Computers and related equipment
 
$
3,303,357
   
$
2,370,067
 
Motor vehicles
   
624,562
     
440,470
 
Office furniture and equipment
   
1,590,124
     
1,116,884
 
Machinery, equipment and installations
   
7,678,040
     
6,480,993
 
Buildings
   
1,430,925
     
1,411,992
 
Land
   
300,000
     
300,000
 
Leasehold improvements
   
1,852,066
     
1,475,562
 
Demo inventory
   
2,286,159
     
1,657,928
 
     
19,065,233
     
15,253,896
 
Accumulated depreciation:
               
Computers and related equipment
   
2,661,174
     
1,966,293
 
Motor vehicles
   
295,298
     
245,329
 
Office furniture and equipment
   
1,175,897
     
958,116
 
Machinery, equipment and installations
   
5,675,452
     
4,731,881
 
Buildings
   
222,486
     
150,506
 
Leasehold improvements
   
1,097,739
     
889,495
 
Demo inventory
   
1,474,238
     
1,385,327
 
     
12,602,284
     
10,326,947
 
Property and equipment, net
 
$
6,462,949
   
$
4,926,949
 

b.                 Depreciation expense amounted to $1,558,506 and $1,196,425 for the years ended December 31, 2014 and 2013, respectively.

As for liens, see Note 10.d.