Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT, NET

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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET
a.
Composition of property and equipment is as follows:
 
December 31,
 
2018
 
2017
Cost:
 
 
 
Computers and related equipment
$
3,248,394

 
$
3,500,548

Motor vehicles
845,246

 
962,095

Office furniture and equipment
1,835,618

 
1,664,035

Machinery, equipment and installations
10,630,960

 
9,522,420

Buildings
4,389,249

 
4,344,803

Land
300,000

 
300,000

Leasehold improvements
1,711,196

 
1,959,587

Demo inventory
2,106,332

 
1,683,484

Total costs
25,066,995

 
23,936,972

Accumulated depreciation:
 
 
 
Computers and related equipment
2,455,892

 
2,590,718

Motor vehicles
433,134

 
324,433

Office furniture and equipment
1,382,010

 
1,479,613

Machinery, equipment and installations
8,156,024

 
6,928,337

Buildings
964,737

 
729,051

Leasehold improvements
1,196,432

 
1,284,742

Demo inventory
1,564,519

 
1,323,990

Total accumulated depreciation
16,152,748

 
14,660,884

Property and equipment, net
$
8,914,247

 
$
9,276,088


b.Depreciation expense amounted to $1,990,577, $1,835,308, and $1,789,041 for the years ended December 31, 2018, 2017, and 2016, respectively. Included in the 2016 depreciation expense is $36,957 related to discontinued operations.