Quarterly report pursuant to Section 13 or 15(d)

NOTE 1: BASIS OF PRESENTATION (Tables)

v2.4.0.6
NOTE 1: BASIS OF PRESENTATION (Tables)
6 Months Ended
Jun. 30, 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 and the revenues and expenses of the discontinued operation are shown below.

ASSETS AND LIABILITIES – DISCONTINUED
 
June 30, 2012
   
December 31, 2011
 
   
(Unaudited)
       
ASSETS
           
CURRENT ASSETS:
           
Cash and cash equivalents
  $ 163,872     $ 74,945  
Restricted collateral deposits
    162,763       193,488  
Trade receivables
    859,465       2,131,599  
Other accounts receivable and prepaid expenses
    59,342       133,149  
Inventories
    1,364,308       3,499,444  
Total current assets 
    2,609,750       6,032,625  
LONG TERM ASSETS:
               
Severance pay fund
    379,895       683,883  
Total long term assets
    379,895       683,883  
Total assets
  $ 2,989,645     $ 6,716,508  
LIABILITIES
               
CURRENT LIABILITIES:
               
Trade payables
  $ 1,196,040     $ 4,165,367  
Other accounts payable and accrued expenses
    1,335,858       2,250,584  
Current portion of long term debt
    57,809       401,600  
Deferred revenues
    766,667       489,416  
Total current liabilities
    3,356,374       7,306,967  
LONG TERM LIABILITIES
               
Long term debt
    931,955       963,814  
Total long-term liabilities
    931,955       963,814  
Total liabilities
  $ 4,288,329     $ 8,270,781  
Revenues and Expenses [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 and the revenues and expenses of the discontinued operation are shown below.

REVENUE AND EXPENSES – DISCONTINUED
 
Six months ended June 30,
 
   
2012
   
2011
 
Revenues
  $ 5,375,503     $ 4,566,280  
                 
Cost of revenues, exclusive of amortization of intangibles
    4,985,859       5,248,310  
Research and development expenses
    57,584       157,904  
Selling and marketing expenses 
    302,218       430,034  
General and administrative expenses 
    1,517,669       992,449  
Total operating costs and expenses
    6,863,330       6,828,697  
                 
Operating loss
    (1,487,827 )     (2,262,417 )
                 
Other (income) expense
    53,392       (34,040 )
Financial income (expense), net
    (136,766 )     8,418  
Total other (income) expense
    (83,374 )     (25,622 )
Net loss
  $ (1,571,201 )   $ (2,288,039 )