Annual report pursuant to Section 13 and 15(d)

NOTE 6: - PROPERTY AND EQUIPMENT, NET

NOTE 6: - PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment Disclosure [Text Block]

NOTE 6:– PROPERTY AND EQUIPMENT, NET

a. Composition of property and equipment is as follows:

	December 31,
	2012		2011
Cost:
Computers and related equipment	$	2,290,850	$	2,247,918
Motor vehicles		492,584		443,483
Office furniture and equipment		1,068,526		1,229,241
Machinery, equipment and installations		5,755,750		5,193,498
Buildings		1,376,036		1,350,820
Land		300,000		300,000
Leasehold improvements		1,107,649		1,030,546
Demo inventory		1,617,416		1,605,494
	$	14,008,811	$	13,401,000

	December 31,
Accumulated depreciation:	2012		2011
Computers and related equipment	$	2,102,237	$	2,015,704
Motor vehicles		186,224		119,699
Office furniture and equipment		956,471		1,030,360
Machinery, equipment and installations		4,119,078		3,645,155
Buildings		82,103		20,257
Leasehold improvements		828,920		761,429
Demo inventory		1,269,198		1,177,389
		9,544,231		8,769,993
Property and equipment, net	$	4,464,580	$	4,631,007

b. Depreciation expense amounted to $1,087,178 and $1,103,943 for the years ended December 31, 2012 and 2011, respectively.

As for liens, see Note 10.d.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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