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)
9 Months Ended
Sep. 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 of the discontinued operation are shown below.

ASSETS AND LIABILITIES – DISCONTINUED
 
September 30, 2012
   
December 31, 2011
 
   
(Unaudited)
   
(Unaudited)
 
ASSETS
           
CURRENT ASSETS:
           
Cash and cash equivalents
  $ 144,466     $ 74,945  
Restricted collateral deposits
    162,793       193,488  
Trade receivables
    408,284       2,131,599  
Other accounts receivable and prepaid expenses
    53,416       133,149  
Inventories
    447,687       3,499,444  
Total current assets 
    1,216,646       6,032,625  
LONG TERM ASSETS:
               
Severance pay fund
          683,883  
Total long term assets
          683,883  
Total assets
  $ 1,216,646     $ 6,716,508  
LIABILITIES
               
CURRENT LIABILITIES:
               
Trade payables
  $ 318,032     $ 4,165,367  
Other accounts payable and accrued expenses
    592,213       2,250,584  
Current portion of long term debt
    58,605       401,600  
Deferred revenues
    300,000       489,416  
Total current liabilities
    1,268,850       7,306,967  
LONG TERM LIABILITIES
               
Long term debt
    922,464       963,814  
Total long-term liabilities
    922,464       963,814  
Total liabilities
  $ 2,191,314     $ 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 revenues and expenses of the discontinued operation are shown below.

REVENUE AND EXPENSES – DISCONTINUED
 
Nine months ended September 30,
 
   
2012
   
2011
 
Revenues
  $ 6,423,731     $ 9,640,396  
                 
Cost of revenues, exclusive of amortization of intangibles
    6,028,582       9,364,521  
Research and development expenses
    14,379       445,132  
Selling and marketing expenses 
    315,284       614,949  
General and administrative expenses 
    1,507,392       1,782,042  
Total operating costs and expenses
    7,865,637       12,206,644  
                 
Operating loss
    (1,441,906 )     (2,566,248 )
                 
Other (income) expense
    84,195       (23,982 )
Financial income (expense), net
    (148,642 )     (246,831 )
Total other (income) expense
    (64,447 )     (270,813 )
Net loss
  $ (1,506,353 )   $ (2,837,061 )