Annual report pursuant to Section 13 and 15(d)

NOTE 16: - SEGMENT INFORMATION (Tables)

v2.4.1.9
NOTE 16: - SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block] The following is information about reportable segment gains, losses and assets:

   
Training and
Simulation
Division
   
Power Systems
Division
   
Corporate
Expenses
   
Discontinued
operations
   
Total
Company
 
2014
                             
Revenues from outside customers
 
$
56,404,498
   
$
47,157,851
   
$
   
$
   
$
103,562,349
 
Depreciation and amortization expenses (1)
   
(756,939
)
   
(3,477,855
)
   
(20,452
)
   
     
(4,255,246
)
Direct expenses (2)
   
(45,313,956
)
   
(41,089,191
)
   
(6,839,636
)
   
     
(93,242,783
)
Segment net income (loss)
   
10,333,603
     
2,590,805
     
(6,860,088
)
   
     
6,064,320
 
Financial expense
   
(50,975
)
   
(215,453
)
   
(1,287,094
)
   
     
(1,553,522
)
Income tax (expense) benefit
   
(133,692
)
   
61,777
     
(951,922
)
   
     
(1,023,837
)
Net income (loss)
 
$
10,148,936
   
$
2,437,129
   
$
(9,099,104
)
 
$
   
$
3,486,961
 
Segment assets
 
$
58,090,953
   
$
65,781,686
   
$
866,708
   
$
   
$
124,739,347
 
Additions to long-lived assets (3)
 
$
1,533,371
   
$
29,159,805
   
$
13,344
   
$
   
$
30,706,520
 
2013
                             
Revenues from outside customers
 
$
63,425,319
   
$
25,146,109
   
$
   
$
   
$
88,571,428
 
Depreciation and amortization expenses (1)
   
(988,893
)
   
(1,272,399
)
   
(26,259
)
   
     
(2,287,551
)
Direct expenses (2)
   
(53,143,411
)
   
(23,665,489
)
   
(5,649,015
)
   
     
(82,457,915
)
Segment net income (loss)
   
9,293,015
     
208,221
     
(5,675,274
)
   
     
3,825,962
 
Financial expense
   
(44,146
)
   
(30,733
)
   
(424,393
)
   
     
(499,272
)
Income tax expense
   
(319,225
)
   
(134,995
)
   
(598,500
)
   
     
(1,052,720
)
Net income (loss) – continuing operations
   
8,929,644
     
42,493
     
(6,698,167
)
   
     
2,273,970
 
Net loss – discontinued operations
   
     
     
     
(121,619
)
   
(121,619
)
Net income (loss)
 
$
8,929,644
   
$
42,493
   
$
(6,698,167
)
 
$
(121,619
)
 
$
2,152,351
 
Segment assets
 
$
53,424,900
   
$
26,346,840
   
$
882,902
   
$
   
$
80,654,642
 
Additions to long-lived assets
 
$
409,805
   
$
1,294,980
   
$
   
$
   
$
1,704,785
 
Reconciliation of Revenue and Assets from Segments to Consolidated Table [Text Block] The following discloses total revenues according to the locations of the Company’s end customers and long-lived assets as of and for the years ended December 31, 2014 and 2013:

   
2014
   
2013
 
   
Total
revenues
   
Long-lived
assets
   
Total
revenues
   
Long-lived
assets
 
U.S.A.
 
$
83,739,406
   
$
55,970,370
   
$
73,973,996
   
$
28,506,630
 
Israel
   
11,428,427
     
7,755,163
     
9,109,921
     
8,504,224
 
Saudi Arabia
   
2,469,988
     
     
424,444
     
 
Korea
   
1,994,634
     
     
51,920
     
 
Germany
   
1,117,094
     
     
372,446
     
 
Canada
   
651,846
     
     
790,363
     
 
U.A.E.
   
518,634
     
     
     
 
Australia
   
459,153
     
     
     
 
China
   
305,800
     
     
203,563
     
 
Hong Kong
   
48,331
     
     
1,460,000
     
 
India
   
14,865
     
     
325,782
     
 
Mexico
   
2,300
     
     
94,595
     
 
Greece
   
     
     
249,500
     
 
Taiwan
   
     
     
231,267
     
 
Slovenia
   
     
     
191,163
     
 
Other
   
811,871
     
     
1,092,468
     
 
   
$
103,562,349
   
$
63,725,533
   
$
88,571,428
   
$
37,010,854
 
Revenue from External Customers by Products and Services [Table Text Block] Revenues from major products:

   
Year ended December 31,
 
   
2014
   
2013
 
Simulators
 
$
56,404,498
   
$
63,425,319
 
Batteries and charging systems
   
42,930,497
     
21,073,942
 
Water activated batteries
   
4,227,354
     
4,072,167
 
Total
 
$
103,562,349
   
$
88,571,428