Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Mar. 22, 2015 | Jun. 30, 2014 | |
Document and Entity Information [Abstract] | |||
Entity Registrant Name | DIGITAL POWER CORP | ||
Document Type | 10-K | ||
Current Fiscal Year End Date | -19 | ||
Entity Common Stock, Shares Outstanding | 6,775,971 | ||
Entity Public Float | $4,450,009 | ||
Amendment Flag | FALSE | ||
Entity Central Index Key | 896493 | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Well-known Seasoned Issuer | No | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS: | ||
Cash and cash equivalents | $2,110 | $1,696 |
Trade receivables (net of allowance for doubtful accounts of $ 0 and $ 146 as of December 31, 2014 and 2013, respectively) | 1,548 | 2,157 |
Prepaid expenses and other receivables | 178 | 167 |
Inventories (Note 3) | 1,653 | 1,751 |
Total current assets | 5,489 | 5,771 |
NON CURRENT ASSETS: | ||
Property and equipment, net (Note 4) | 567 | 616 |
Intangible asset, net (Note 5) | 66 | 171 |
Investment in Telkoor (Note 11) | 207 | 406 |
Long term deposits | 13 | 13 |
Total Non-Current Assets | 853 | 1,206 |
Total Assets | 6,342 | 6,977 |
CURRENT LIABILITIES: | ||
Accounts payable | 1,061 | 1,109 |
Trade payables - related parties (Note 12) | 60 | 248 |
Advances from customers and deferred revenue | 435 | 128 |
Other current liabilities (Note 6) | 345 | 445 |
Total Current Liabilities | 1,901 | 1,930 |
Share capital - | ||
Series A Redeemable Convertible Preferred shares, no par value - 500,000 shares authorized; 0 shares issued and outstanding at December 31, 2014 and 2013 | ||
Preferred shares, no par value - 1,500,000 shares authorized; 0 shares issued and outstanding at December 31, 2014 and 2013 | ||
Common Shares, no par value - 30,000,000 shares authorized; 6,775,971 and 6,853,161 shares issued and outstanding at December 31, 2014 and 2013, respectively | ||
Additional paid-in capital | 14,739 | 14,582 |
Accumulated deficit | -9,940 | -9,282 |
Accumulated other comprehensive loss | -358 | -253 |
Total Shareholders' Equity | 4,441 | 5,047 |
Total Liabilities and Shareholders' Equity | $6,342 | $6,977 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Allowance for doubtful accounts (in Dollars) | $0 | $146 |
Series A Redeemable, par value (in Dollars per share) | $0 | $0 |
Series A Redeemable, shares authorized | 500,000 | 500,000 |
Series A Redeemable, shares outstanding. | 0 | 0 |
SP5riP5s N RP5dP5P5mablP5, sharP5s issued (in Dollars per share) | $0 | $0 |
Preferred shares, par value (in Dollars per share) | $0 | $0 |
Preferred shares, shares authorized | 1,500,000 | 1,500,000 |
Preferred shares, shares outstanding | 0 | 0 |
PrP5fP5rrP5d sharP5s, sharP5s issuP5d | 0 | 0 |
Common shares, par value (in Dollars per share) | $0 | $0 |
Common shares, shares authorized | 30,000,000 | 30,000,000 |
Common shares, shares issued | 6,775,971 | 6,853,161 |
Common shares, shares outstanding | 6,775,971 | 6,853,161 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Revenues (Note 13) | $9,022 | $8,770 |
Cost of revenues | 5,735 | 5,601 |
Gross profit | 3,287 | 3,169 |
Engineering and product development | 816 | 768 |
Selling and marketing | 1,258 | 1,062 |
General and administrative | 1,755 | 1,656 |
Total operating expenses | 3,829 | 3,486 |
Operating loss | -542 | -317 |
Impairment of investment (Note 11) | -175 | -312 |
Other income, net | 60 | |
Loss before income taxes (Note 9c) | -657 | -629 |
Income taxes (Note 9d) | 1 | 3 |
Net Loss | ($658) | ($632) |
Basic and diluted net loss per share (Note 10) (in Dollars per share) | ($0.10) | ($0.09) |
Weighted average number of shares used in per share calculations (in thousands) (in Shares) | 6,803,269 | 6,853,161 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Net Loss | ($658) | ($632) |
Other comprehensive income (loss): | ||
Change in net foreign currency translation adjustment | -105 | 46 |
Other comprehensive income (loss) | -105 | 46 |
Total comprehensive income loss | ($763) | ($586) |
Statements_of_Changes_in_Share
Statements of Changes in Shareholders' Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
In Thousands, except Share data, unless otherwise specified | USD ($) | USD ($) | USD ($) | USD ($) | |
Balance as of January 1, 2013 at Dec. 31, 2012 | $14,476 | ($8,650) | ($299) | $5,527 | |
Balance as of January 1, 2013 (in Shares) at Dec. 31, 2012 | 6,853,161 | ||||
Stock compensation related to options granted to non- employees | 2 | 2 | |||
Stock based compensation related to options granted to employees | 104 | 104 | |||
Comprehensive loss: | |||||
Net loss | -632 | -632 | |||
Foreign currency translation adjustments | 46 | 46 | |||
Balance at Dec. 31, 2013 | 14,582 | -9,282 | -253 | 5,047 | |
Balance as of January 1, 2013 (in Shares) at Dec. 31, 2013 | 6,853,161 | ||||
Stock compensation related to options granted to non- employees | 1 | 1 | |||
Stock based compensation related to options granted to employees | 246 | 246 | |||
Exercise of options granted to employees (in Shares) | 40,951 | -92,500 | |||
Purchase of treasury stock | -90 | -90 | |||
Purchase of treasury stock (in Shares) | -118,141 | ||||
Comprehensive loss: | |||||
Net loss | -658 | -658 | |||
Foreign currency translation adjustments | -105 | -105 | |||
Balance at Dec. 31, 2014 | $14,739 | ($9,940) | ($358) | $4,441 | |
Balance (in Shares) at Dec. 31, 2014 | 6,775,971 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Cash flows from operating activities : | ||
Net loss | ($658) | ($632) |
Adjustments required to reconcile net loss to net cash provided by operating activities: | ||
Depreciation | 139 | 110 |
Amortization of intangible asset | 106 | 96 |
Inventory write-down | 13 | 46 |
Impairment of investment in Telkoor | 175 | 376 |
Stock compensation related to options granted to employees | 246 | 104 |
Stock compensation related to options granted to non-employees | 1 | 2 |
Decrease (increase) in trade receivables, net | 581 | -750 |
Increase in prepaid expenses and other receivables | -15 | -28 |
Decrease in inventories | 49 | 238 |
Increase (decrease) in accounts payable and trade payables - related parties | -221 | 365 |
Increase in advances from customers, deferred revenues and other current liabilities | 253 | 144 |
Net cash provided by operating activities | 669 | 71 |
Cash flows from investing activities : | ||
Purchase of property and equipment | -119 | -216 |
Net cash used in investing activities | -119 | -216 |
Cash flows from financing activities : | ||
Purchase of treasury stock | -90 | |
Net cash used in financing activities | -90 | |
Effect of exchange rate changes on cash and cash equivalents | -46 | 20 |
Increase (decrease) in cash and cash equivalents | 414 | -125 |
Cash and cash equivalents at the beginning of the year | 1,696 | 1,821 |
Cash and cash equivalents at the end of the year | 2,110 | 1,696 |
Reclassification of property and equipment to inventory | $16 |
Note_1_General
Note 1 - General | 12 Months Ended | ||
Dec. 31, 2014 | |||
Disclosure Text Block [Abstract] | |||
Business Description and Basis of Presentation [Text Block] | NOTE 1:- GENERAL | ||
a. | Digital Power Corporation ("the Company" or "DPC") was incorporated in 1969, under the General Corporation Law of the State of California. The Company and Digital Power Limited ("DPL"), a wholly owned subsidiary located in the United Kingdom, are currently engaged in the design, manufacture and sale of switching power supplies and converters. The Company has two reportable geographic segments - North America (sales through DPC) and Europe (sales through DPL). | ||
b. | The Company depends on Telkoor Telecom Ltd. ("Telkoor"), a major shareholder of the Company and one of DPC's third party subcontractors, for manufacturing capabilities in production of the products which DPC sells. If these manufacturers are unable or unwilling to continue manufacturing the Company's products in required volumes on a timely basis, that could lead to loss of sales, and adversely affect the Company's operating results and cash position. The Company also depends on Telkoor's intellectual property and ability to transfer production to third party manufacturers. Failure to obtain new products in a timely manner or delay in delivery of products to customers will have an adverse effect on the Company's ability to meet its customers' expectations. In 2010, the Company purchased a specific IP from Telkoor in order to reduce its dependency on Telkoor with respect to a certain line of products. See also Notes 5 and 12. | ||
Note_2_Significant_Accounting_
Note 2 - Significant Accounting Policies | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Accounting Policies [Abstract] | |||||||||||||
Significant Accounting Policies [Text Block] | NOTE 2:- SIGNIFICANT ACCOUNTING POLICIES | ||||||||||||
The consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”). | |||||||||||||
a. | Use of estimates: | ||||||||||||
The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | |||||||||||||
b. | Financial statements in U.S. dollars: | ||||||||||||
A substantial portion of the revenues of the Company is generated in U.S. dollars ("dollar"). In addition, a substantial portion of the costs of the Company is incurred in dollars. The Company's management believes that the dollar is the currency of the primary economic environment in which the Company operates. | |||||||||||||
Accordingly, monetary accounts maintained in currencies other than the dollar are remeasured into U.S. dollars in accordance with Accounting Standards Codification No. 830, "Foreign Currency Matters" ("ASC No. 830"). All transactions gains and losses from the remeasurement of monetary balance sheet items are reflected in the statements of operations as financial income or expenses as appropriate. | |||||||||||||
The financial statements of the foreign subsidiary, whose functional currency has been determined to be its local currency, have been translated into U.S. dollars in accordance with Accounting Codification Statement ("ASC") 830, "Foreign Currency Translation". All balance sheet accounts have been translated using the exchange rates in effect at the balance sheet date. Statement of operations amounts have been translated using the average exchange rate for the period. The resulting translation adjustments are reported as a component of accumulated other comprehensive income (loss) in shareholders' equity. | |||||||||||||
c. | Principles of consolidation: | ||||||||||||
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. Intercompany transactions and balances have been eliminated upon consolidation. | |||||||||||||
d. | Cash equivalents: | ||||||||||||
Cash equivalents are short-term highly liquid investments that are readily convertible to cash with original maturities of three months or less at acquisition. | |||||||||||||
e. | Inventories: | ||||||||||||
Inventories are stated at the lower of cost or market value. Inventory write-offs are provided to cover risks arising from slow-moving items or technological obsolescence. | |||||||||||||
Cost is determined as follows: | |||||||||||||
Raw materials, parts and supplies - using the "first-in, first-out" method. | |||||||||||||
Work-in-progress and finished products - on the basis of direct manufacturing costs with the addition of indirect manufacturing costs. | |||||||||||||
The Company periodically assesses its inventories valuation in respect of obsolete and slow moving items by reviewing revenue forecasts and technological obsolescence. When inventories on hand exceed the foreseeable demand or become obsolete, the value of excess inventory, which at the time of the review was not expected to be sold, is written off. | |||||||||||||
During 2014 and 2013, the Company recorded inventory write-offs of $13 and $46, respectively, within the cost of revenue. | |||||||||||||
f. | Property and equipment and intangible asset, net: | ||||||||||||
Property and equipment as well as an intangible asset are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the assets, at the following annual rates: | |||||||||||||
% | |||||||||||||
Intangible asset | 20 | ||||||||||||
Computers, software and related equipment | 20 | – | 33 | ||||||||||
Office furniture and equipment | 10 | – | 20 | ||||||||||
Leasehold improvements | Over the term of the lease or the life | ||||||||||||
of the asset, whichever is shorter | |||||||||||||
The long-lived assets of the Company and its subsidiary are reviewed for impairment in accordance with ASC 360, "Property, Plant, and Equipment", whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. As of December 31, 2014 and 2013, no impairment losses have been identified. | |||||||||||||
g. | Revenue recognition: | ||||||||||||
The Company and its subsidiary generate their revenues from the sale of their products through a direct and indirect sales force. | |||||||||||||
Revenues from products are recognized in accordance with ASC 605-15, "Revenue Recognition in Financial Statements", when the following criteria are met: persuasive evidence of an arrangement exists, delivery has occurred, the seller's price to the buyer is fixed or determinable, no further obligation exists and collectability is reasonably assured. | |||||||||||||
Generally, the Company does not grant a right of return. However, certain distributors are allowed, in the sixth month after the initial stock purchase, to rotate stock that has not been sold for other products. This stock rotation may be repeated every six months thereafter for 15-18 months, based on a fixed percentage at no more than the distributor's purchases during the previous six months. Revenues subject to stock rotation rights are deferred until the products are sold to the end customer or until the rotation rights expire. | |||||||||||||
Service revenues are deferred and recognized on a straight-line basis over the term of the service agreement. Service revenues are immaterial in proportion to the Company's revenues. | |||||||||||||
h. | Engineering and product development costs: | ||||||||||||
Engineering and product development costs are charged to the statement of operations as incurred. | |||||||||||||
i. | Income taxes: | ||||||||||||
The Company and its subsidiary account for income taxes in accordance with ASC 740, "Income Taxes" (“ASC 740”). This statement prescribes the use of the liability method whereby deferred tax assets and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company and its subsidiary provide a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value. | |||||||||||||
ASC 740 contains a two-step approach to recognizing and measuring uncertain tax positions accounted for in accordance with ASC 740. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. No liability for unrecognized tax benefits was recorded as a result of the implementation of ASC 740 as of December 31, 2014 and 2013. | |||||||||||||
j. | Warranty costs: | ||||||||||||
The Company offers a warranty period for all of its products. Warranty periods range from one to two years depending on the product. The Company estimates the costs that may be incurred under its warranty and records a liability in the amount of such costs at the time product revenue is recognized. Factors that affect the Company's warranty liability include the number of units sold, historical rates of warranty claims and cost per claim. The Company periodically assesses the adequacy of its recorded warranty liability and adjusts the amounts as necessary. | |||||||||||||
Warranty liability accruals were $97 and $104 for the years ended December 31, 2014 and December 31, 2013 respectively. | |||||||||||||
k. | Accounting for stock-based compensation: | ||||||||||||
The Company accounts for stock-based compensation in accordance with ASC 718 "Compensation – Stock Compensation" ("ASC 718"). | |||||||||||||
ASC 718 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods in the Company's consolidated statements of operations. | |||||||||||||
The Company estimates the fair value of stock options granted under ASC 718 using the Black-Scholes option-pricing model that uses the following assumptions. | |||||||||||||
Expected volatility is based on historical volatility that is representative of future volatility over the expected term of the options. The expected term of options granted was determined based on the simplified method, which is calculated as the midpoint between the vesting date and the end of the contractual term of the option. The Company uses the simplified method as it has determined that sufficient data is not available to develop an estimate of the expected option term based upon historical participant behavior. The risk free interest rate is based on the yield of U.S. Treasury bonds with equivalent terms. The dividend yield is based on the Company's historical and future expectation of dividends payouts. The Company has not paid cash dividends historically and has no plans to pay cash dividends in the foreseeable future. | |||||||||||||
The Company recognizes compensation expense based on awards ultimately expected to vest, net of estimated forfeitures at the time of grant. Estimated forfeitures are based on historical pre-vesting forfeitures. ASC 718 requires forfeitures to be estimated and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. | |||||||||||||
There were 795,000 options granted in 2014 and none in 2013. The fair value for options granted in 2014 is amortized over their vesting period using a straight-line recognition method and estimated at the date of grant with the following weighted average assumptions: | |||||||||||||
Weighted Average fair value | $ | 1.66 | |||||||||||
Dividend yield | 0 | % | |||||||||||
Expected volatility | 77.5 | % | |||||||||||
Risk-free interest | 2.16 | % | |||||||||||
Expected life (years) | 6.25 | ||||||||||||
The Company applies ASC 718 and ASC 505-50, “Equity Based Payments to Non-Employees”, with respect to options and warrants issued to non-employees. | |||||||||||||
l. | Fair value of financial instruments and securities: | ||||||||||||
The Company measures its financial instruments at fair value. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. A three-tier fair value hierarchy is established as a basis for considering such assumptions and for inputs used in the valuation methodologies in measuring fair value: | |||||||||||||
Level 1 - | inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. | ||||||||||||
Level 2 - | inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | ||||||||||||
Level 3 - | inputs are generally unobservable and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques. | ||||||||||||
The carrying amounts of financial instruments carried at cost, including cash and cash equivalents, trade receivables, trade payables and trade payables – related party approximate their fair value due to the short-term maturities of such instruments. | |||||||||||||
m. | Basic and diluted net loss per share: | ||||||||||||
Basic net earnings loss per share is computed based on the weighted average number of Common shares outstanding during each year. Diluted net loss per share are computed based on the weighted average number of Common shares outstanding during each year, plus dilutive potential Common shares considered outstanding during the year, if any, in accordance with ASC 260, "Earnings per Share". | |||||||||||||
n. | Concentrations of credit risks: | ||||||||||||
Financial instruments that potentially subject the Company and its subsidiary to concentrations of credit risk consist principally of cash and cash equivalents, long term deposits and trade receivables. | |||||||||||||
Cash and cash equivalents are invested in banks in the U.S. and in the UK. Such deposits in the United States may be in excess of insured limits and are not insured in other jurisdictions. | |||||||||||||
Trade receivables of the Company and its subsidiary are mainly derived from sales to customers located primarily in the U.S. and in Europe. The Company performs ongoing credit evaluations of its customers and to date has not experienced any material losses. An allowance for doubtful accounts is determined with respect to those amounts that the Company and its subsidiary have determined to be doubtful of collection. | |||||||||||||
o. | Comprehensive income: | ||||||||||||
The Company accounts for comprehensive income in accordance with ASC No. 220, "Comprehensive Income". Comprehensive income generally represents all changes in shareholders' equity during the period except those resulting from investments by, or distributions to, shareholders. The Company determined that its items of other comprehensive income relate to changes in foreign currency translation adjustments. | |||||||||||||
p. | Operating lease: | ||||||||||||
The Company and its subsidiary have operating lease agreements for the lease of their building facilities in the U.S. and UK. The rent in connection with the leases is charged to expense over the lease term. If rental payments are not made on a straight-line basis, rental expenses are nevertheless recognized on a straight-line basis. | |||||||||||||
q. | Marketable securities: | ||||||||||||
The Company classifies its investment in Telkoor's shares in accordance with ASC 320, "Investment in Debt and Equity Securities" and ASC 325, “Investment – Other”. Marketable securities classified as “available for sale securities” are carried at fair value, based on quoted market prices. Unrealized gains and losses are reported in a separate component of shareholder’s equity in "accumulated other comprehensive loss" in equity. When evaluating the investment for other-than-temporary impairment, the Company reviews factors such as the length of time and extent to which fair value has been below cost basis, the financial condition of the issuer and any changes thereto, and the Company's intent to sell, or whether it is more likely than not that it will be required to sell, the investment before recovery of the investment's amortized cost basis. | |||||||||||||
Equity securities that do not have readily determinable fair values (i.e., non-marketable equity securities) and are not required to be accounted for under the equity method are typically carried at cost (i.e., cost method investments), as described in ASC 325-20. | |||||||||||||
r. | New accounting pronouncements and other standards: | ||||||||||||
In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers," (ASU 2014-09), which creates a new Topic, Accounting Standards Codification Topic 606. The standard is principle-based and provides a five-step model to determine when and how revenue is recognized. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The accounting standard is effective for annual and interim periods beginning after December 15, 2016. Early adoption is not permitted. The Company is currently evaluating the impact of adopting this guidance. |
Note_3_Inventories
Note 3 - Inventories | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Inventory Disclosure [Abstract] | |||||||||
Inventory Disclosure [Text Block] | NOTE 3:- INVENTORIES | ||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Raw materials, parts and supplies | $ | 287 | $ | 186 | |||||
Work in progress | 357 | 428 | |||||||
Finished products | 1,009 | 1,137 | |||||||
$ | 1,653 | $ | 1,751 | ||||||
Note_4_Property_and_Equipment_
Note 4 - Property and Equipment, Net | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | |||||||||
Property, Plant and Equipment Disclosure [Text Block] | NOTE 4:- PROPERTY AND EQUIPMENT, NET | ||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Cost: | |||||||||
Computers, software and related equipment | $ | 1,640 | $ | 1,624 | |||||
Office furniture and equipment | 259 | 265 | |||||||
Leasehold improvements | 617 | 619 | |||||||
2,516 | 2,508 | ||||||||
Accumulated depreciation | |||||||||
Computers, software and related equipment | 1,252 | 1,209 | |||||||
Office furniture and equipment | 231 | 223 | |||||||
Leasehold improvements | 466 | 460 | |||||||
1,949 | 1,892 | ||||||||
Depreciated cost | $ | 567 | $ | 616 | |||||
Depreciation expense was $139 and $ 110 for the years ended December 31, 2014 and 2013, respectively. The Company reclassified computers, software, and related equipment with depreciated cost of $16 to inventory in the year ended December 31, 2014. The Company retired fully depreciated leasehold improvements of $125 in the year ended December 31, 2013 related to its former domestic facility |
Note_5_Intangible_Asset_Net
Note 5 - Intangible Asset, Net | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Disclosure Text Block [Abstract] | |||||||||
Intangible Assets Disclosure [Text Block] | NOTE 5:- INTANGIBLE ASSET, NET | ||||||||
On August 25, 2010, the Company and its wholly-owned subsidiary, DPL, entered into an agreement with Telkoor Power Supplies Ltd. ("TPS"), a subsidiary of Telkoor Telecom Ltd., pursuant to which, (1) TPS sold, assigned and conveyed to DPL all of its rights, title and interest in and to the intellectual property associated with the Compact Peripheral Component Interface 600 W AC/DC power supply series (the “Assets” or “IP”) and (2) DPL granted to TPS an irrevocable license to sell the Assets in Israel on an exclusive basis. The IP was purchased in order to decrease lead time and costs of the production process. In consideration for the purchase of the IP, DPL paid TPS an amount of $480. The consideration for the right to sell the Assets in Israel will be paid to the Company as a yearly royalty fee of 15% of TPS's direct production costs of sales. | |||||||||
TPS will provide the Company training and technical support, if necessary, for a period of 60 months in order to enable the Company to properly and effectively use the IP to manufacture the Assets. In accordance with the agreement, the consideration for the IP may be reduced over a four-year period in the event that annual sales for each year between 2011 and 2014 are less than a fixed threshold of units on an annual basis based on an offset value per unit as described in the agreement. If there is a shortfall in sale of units in one annual period and in the subsequent period the Company sells more than the fixed unit threshold, this difference will be offset from any reduced consideration in any annual periods between 2011 and 2014. As a result of lower than anticipated sales by our DPL subsidiary of the Compact Peripheral Component Interface 600 W AC/DC power supply series (CPCI 600W) through 2013, the Company amended its agreement with Telkoor (effective January 1, 2014 for the duration of the original agreement or until the shortfall of CPCI 600W product sales will be offset) to include additional products in addition to the original CPCI 600W product. The Company will not be required to make any royalty payments to Telkoor under the manufacturing agreement with Telkoor until the shortfall of CPCI 600W product sales will be offset. In light of this change, the Company believes the additional offset available under the expansion of covered products adequate to cover the remaining asset value at December 31, 2014 of $66. | |||||||||
To date, DPL has designated a manufacturing facility to manufacture the units of the IP purchased and accordingly decreased its manufacturing costs of the CPCI 600W product. The Company expects cost reductions in royalty expense offsets available through the expanded agreement to adequately cover the remaining unamortized balance of the asset. | |||||||||
The useful life method of the IP has been determined to be five years and the amortization method is the straight-line method, as management considers this method as the most appropriate. | |||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Cost: | 480 | 480 | |||||||
Accumulated depreciation | 414 | 309 | |||||||
Depreciated cost | $ | 66 | $ | 171 | |||||
Amortization expense was $106 and $96 for the years ended December 31, 2014 and December 31, 2013, respectively. | |||||||||
The annual amortization expense relating to intangible assets as of December 31, 2014 is estimated to be $66 in the year ended December 31, 2015. |
Note_6_Other_Current_Liabiliti
Note 6 - Other Current Liabilities | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Disclosure Text Block Supplement [Abstract] | |||||||||
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block] | NOTE 6:- OTHER CURRENT LIABILITIES | ||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Accrued payroll and payroll taxes | $ | 65 | $ | 112 | |||||
Warranty accrual | 97 | 104 | |||||||
Accrued expenses and other | 183 | 229 | |||||||
$ | 345 | $ | 445 | ||||||
Note_7_Commitments_and_Conting
Note 7 - Commitments and Contingent Liabilities | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Commitments and Contingencies Disclosure [Text Block] | NOTE 7:- COMMITMENTS AND CONTINGENT LIABILITIES | ||||
Lease commitments: | |||||
The Company has an operating lease agreement in the U.S. which expires on various dates, the latest of which is in 2019. In September 2010, the Company's subsidiary signed a new agreement for a lease in respect of the UK facility for a period of fifteen years with an option to cancel the lease after ten years. In November 2012, the Company signed a new agreement for a lease for the US headquarters for a period of 7 years with an option to extend for additional five years. | |||||
Future non-cancellable rental commitments under operating leases are as follows: | |||||
Year ended December 31, | |||||
2015 | $ | 325 | |||
2016 | 318 | ||||
2017 | 322 | ||||
2018 | 325 | ||||
2019 | 246 | ||||
2020 through 2021 | 123 | ||||
$ | 1,659 | ||||
Total rent expense for the years ended December 31, 2014 and 2013 was approximately $309 and $ 298, respectively. |
Note_8_Shareholders_Equity
Note 8 - Shareholders' Equity | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | NOTE 8:- SHAREHOLDERS' EQUITY | |||||||||||||||||||||||||||||||
a. | Preferred shares: | |||||||||||||||||||||||||||||||
There are authorized Preferred shares in the amount of 500,000 shares of Series A cumulative Redeemable Convertible Preferred shares ("Series A"), and an additional 1,500,000 Preferred shares that have been authorized, but the rights, preferences, privileges and restrictions on these shares have not been determined. DPC's Board of Directors is authorized to create a new series of Preferred shares and determine the number of shares, as well as the rights, preferences, privileges and restrictions granted to or imposed upon any series of Preferred shares. As of December 31, 2014, there were no Preferred shares issued or outstanding. | ||||||||||||||||||||||||||||||||
b. | Common shares: | |||||||||||||||||||||||||||||||
Common shares confer upon the holders the rights to receive notice to participate and vote in the general meeting of shareholders of the Company, to receive dividends, if and when declared, and to participate in a distribution of surplus of assets upon liquidation of the Company. | ||||||||||||||||||||||||||||||||
c. | Share Option Plans: | |||||||||||||||||||||||||||||||
1 | Under the Company's Digital Power 2012 (As Amended) ("Incentive Share Option Plan"), options may be granted to employees, officers, consultants, service providers and directors of the Company or its subsidiary. | |||||||||||||||||||||||||||||||
2 | As of December 31, 2014, the Company has authorized according to the Incentive Share Option Plan the grant of options to officers, management, other key employees and others of up to 1,372,630 options for the Company's Common shares. The maximum term of the options is ten years from the date of grant. As of December 31, 2014, an aggregate of 655,130 of the Company's options are still available for future grant. | |||||||||||||||||||||||||||||||
3 | The options granted generally become fully vested after four years. Any options that are forfeited or cancelled before expiration become available for future grants. | |||||||||||||||||||||||||||||||
The options outstanding as of December 31, 2014 have been classified by exercise price, as follows: | ||||||||||||||||||||||||||||||||
Exercise | Options | Weighted | Weighted | Options | Weighted | |||||||||||||||||||||||||||
Price | outstanding | average | average | exercisable | average | |||||||||||||||||||||||||||
as of | remaining | exercise | as of | exercise | ||||||||||||||||||||||||||||
December 31, | contractual | price | December 31, | price | ||||||||||||||||||||||||||||
2014 | term | 2014 | of options | |||||||||||||||||||||||||||||
exercisable | ||||||||||||||||||||||||||||||||
Years | ||||||||||||||||||||||||||||||||
$ | 0.68 | - | 0.84 | 55,763 | 4.7 | $ | 0.73 | 45,763 | $ | 0.74 | ||||||||||||||||||||||
$ | 1.05 | - | 1.32 | 80,000 | 4.92 | $ | 1.21 | 50,000 | $ | 1.15 | ||||||||||||||||||||||
$ | 1.51 | - | 1.69 | 1,077,000 | 8.29 | $ | 1.65 | 339,500 | $ | 1.54 | ||||||||||||||||||||||
$ | 1.79 | 50,000 | 5.61 | $ | 1.79 | 50,000 | $ | 1.79 | ||||||||||||||||||||||||
1,262,763 | 7.65 | $ | 1.57 | 485,263 | $ | 1.45 | ||||||||||||||||||||||||||
4. The total equity-based compensation expense related to all of the Company’s equity based awards, including non-employee options recognized for the years ended December 31, 2014 and 2013 is comprised as follows: | ||||||||||||||||||||||||||||||||
Year ended | ||||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||||
Cost of revenues | $ | 4 | $ | 1 | ||||||||||||||||||||||||||||
Engineering and product development expenses | 17 | 4 | ||||||||||||||||||||||||||||||
Selling and marketing expenses | 7 | 3 | ||||||||||||||||||||||||||||||
General and administration expenses | 219 | 98 | ||||||||||||||||||||||||||||||
Total equity-based compensation expense | $ | 247 | $ | 106 | ||||||||||||||||||||||||||||
A summary of option activity under the Company's stock option plans as of December 31, 2014 and changes during the year then ended are as follows: | ||||||||||||||||||||||||||||||||
Year ended December 31, 2014 | ||||||||||||||||||||||||||||||||
Amount of options | Weighted average exercise price | Weighted average remaining contractual term (years) | Aggregate intrinsic value | |||||||||||||||||||||||||||||
Outstanding beginning of year | 712,763 | $ | 1.33 | 5.38 | $ | - | ||||||||||||||||||||||||||
Granted | 795,000 | $ | 1.59 | |||||||||||||||||||||||||||||
Exercised | ( 92,500 | ) | $ | 0.93 | ||||||||||||||||||||||||||||
Forfeited | ( 72,500 | ) | $ | 1.66 | ||||||||||||||||||||||||||||
Expired | ( 80,000 | ) | $ | 1.38 | ||||||||||||||||||||||||||||
Outstanding end of year | 1,262,763 | $ | 1.57 | 7.65 | $ | 41.57 | ||||||||||||||||||||||||||
Exercisable end of year | 485,263 | $ | 1.45 | 5.26 | $ | 34.27 | ||||||||||||||||||||||||||
The aggregate intrinsic value in the table above represents the total intrinsic value (the difference between the Company's closing stock price on December 31, 2014 and the exercise price, multiplied by the number of in-the-money-options) that would have been received by the option holders had all option holders exercised their options on December 31, 2014. This amount changes based upon the fair market value of the Company’s shares. | ||||||||||||||||||||||||||||||||
As of December 31, 2014, there was $ 744 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the Company's stock option plans. That cost is expected to be recognized over a weighted average period of 3.35 years. | ||||||||||||||||||||||||||||||||
d. | Options issued to non-emloyees: | |||||||||||||||||||||||||||||||
The Company's outstanding options to non-employees as of December 31, 2014 are as follows: | ||||||||||||||||||||||||||||||||
Issuance date | Options | Exercise | Options | |||||||||||||||||||||||||||||
for | price per | exercisable | ||||||||||||||||||||||||||||||
Common | share | |||||||||||||||||||||||||||||||
shares | ||||||||||||||||||||||||||||||||
Feb-05 | 20,000 | $ | 1.19 | 20,000 | ||||||||||||||||||||||||||||
Mar-06 | 100,000 | $ | 1.16 | 100,000 | ||||||||||||||||||||||||||||
Dec-10 | 21,500 | $ | 1.51 | 21,500 | ||||||||||||||||||||||||||||
141,500 | 141,500 | |||||||||||||||||||||||||||||||
All options are exercisable for ten years from the date of grant. | ||||||||||||||||||||||||||||||||
In 2010, the Company granted 41,500 options to Telkoor's employees of which 21,500 are outstanding at December 31, 2014. These options vest over four years. The fair value of these options was estimated using the Black-Scholes option-pricing model with the following assumptions for 2014: risk-free interest rates of 2.14%, dividend yield of 0%, volatility of 79.9%, and the remaining contractual term of the options of 5.92 years. | ||||||||||||||||||||||||||||||||
e. | Employee stock ownership plan: | |||||||||||||||||||||||||||||||
The Company had an Employee Stock Ownership Plan ("ESOP") until July 31, 2014 at which time it was entirely liquidated after a decision to terminate the plan as of July 31, 2013 was previously made. The ESOP provided for the Employee Stock Ownership Trust ("ESOT") to distribute the Company's common shares or cash equivalent as retirement benefits to the participants. As of July 31, 2014, the ESOT had distributed or paid the cash equivalent of all of the 167,504 shares previously held prior to plan termination. | ||||||||||||||||||||||||||||||||
f. | Dividends: | |||||||||||||||||||||||||||||||
In the event that cash dividends are declared in the future, such dividends will be paid in U.S. dollars. The Company does not intend to pay cash dividends in the foreseeable future. |
Note_9_Taxes_on_Income
Note 9 - Taxes on Income | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Income Tax Disclosure [Abstract] | |||||||||
Income Tax Disclosure [Text Block] | NOTE 9:- TAXES ON INCOME | ||||||||
a. | Deferred income taxes: | ||||||||
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax asset and liabilities are as follows: | |||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Net operating loss carryforward | $ | 1,958 | $ | 1,775 | |||||
Reserves and allowances | 202 | 258 | |||||||
Credit carryforward | 173 | 153 | |||||||
Depreciation and amortization | 127 | 101 | |||||||
Net deferred tax asset before valuation allowance | 2,460 | 2,287 | |||||||
Valuation allowance | (2,460 | ) | (2,287 | ) | |||||
Net deferred tax asset | $ | - | $ | - | |||||
As of December 31, 2014 and 2013, the Company and its subsidiary provided a valuation allowance of $2,460 and $2,287 respectively, in respect of deferred tax assets resulting from short-term temporary differences and depreciation charged in advance of a capital allowance taken, as well as from carryforward losses. | |||||||||
Management currently believes that since the Company and its subsidiary have a history of losses, it is more likely than not that the deferred tax assets regarding the remainder of the tax loss carryforward and other temporary differences will not be realized in the foreseeable future. | |||||||||
b. | Net operating tax losses carryforward: | ||||||||
As of December 31, 2014, the Company had approximately $4,135 in federal net operating loss carryforward for income tax purposes, which can be carried forward and offset against taxable income for 20 years and expire between 2021 and 2035. | |||||||||
Utilization of U.S. net operating losses may be subject to substantial annual limitation, due to the "change in ownership" provisions of the Internal Revenue Code of 1986 and similar state provisions. The annual limitation may result in the expiration of net operating losses before utilization. The Company believes that, as a result of having undergone an "Ownership Change" in 2002 within the meaning of section 382 of the Internal Revenue Code, its ability to use its net operating loss carryforward and other tax attributes to offset future U.S. taxable income, and thereby reduce its tax liability, is limited. | |||||||||
As of December 31, 2014, the Company subsidiary had accumulated losses for income tax purposes in the amount of approximately $1,718. These net operating losses may be carried forward and offset against taxable income in the future for an indefinite period. | |||||||||
c. | Loss before income taxes consists of the following: | ||||||||
Year ended | |||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Domestic (U.S.) | $ | (600 | ) | $ | (137 | ) | |||
Foreign (UK) | (57 | ) | (492 | ) | |||||
$ | (657 | ) | $ | (629 | ) | ||||
The Company is required to calculate and account for income taxes in each jurisdiction in which the Company or its subsidiary operate. Significant judgment is required in determining its worldwide provision for income taxes and recording the related assets and liabilities. In the ordinary course of the Company's business, there are many transactions and calculations where the ultimate tax determination is uncertain. | |||||||||
Our provision for income taxes consists of the following: | |||||||||
Year ended | |||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Current: | |||||||||
Federal | $ | - | $ | - | |||||
State | - | - | |||||||
Foreign | 1 | 3 | |||||||
1 | 3 | ||||||||
Deferred: | |||||||||
Federal | - | - | |||||||
State | - | - | |||||||
Foreign | - | - | |||||||
- | - | ||||||||
Tax expenses | $ | 1 | $ | 3 | |||||
There is no provision in respect of unrecognized tax benefits for the years ended December 31, 2014 and 2013. | |||||||||
d. | A reconciliation between the theoretical tax expense, assuming all income is taxed at the statutory tax rate applicable to income of the Company and the actual tax expense as reported in the statements of operations is as follows: | ||||||||
Year ended | |||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Income (loss) before income taxes | $ | (657 | ) | $ | (676 | ) | |||
Theoretical tax at U.S. statutory tax rate (34%) | $ | (223 | ) | $ | (230 | ) | |||
Taxes in respect of prior years | 37 | (153 | ) | ||||||
Tax adjustment in respect of foreign subsidiary | (41 | ) | 35 | ||||||
Nondeductible expenses | 87 | 39 | |||||||
Operating carryforward losses, credits and temporary differences for which valuation allowance was (utilized) provided | 141 | 312 | |||||||
Tax expenses | $ | 1 | $ | 3 | |||||
Note_10_Net_Earnings_Losses_Pe
Note 10 - Net Earnings (Losses) Per Share | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Earnings Per Share [Abstract] | |||||||||
Earnings Per Share [Text Block] | NOTE 10:- NET LOSS PER SHARE | ||||||||
The following table sets forth the computation of the basic and diluted net loss per share: | |||||||||
Year ended | |||||||||
December 31, | |||||||||
Numerator: | 2014 | 2013 | |||||||
Net loss available to Common shareholders | $ | (658 | ) | $ | (632 | ) | |||
Denominator: | |||||||||
Total weighted average numbers of shares outstanding used in computing: | |||||||||
Basic and diluted loss per share | 6,803,269 | 6,853,161 | |||||||
Basic and diluted net loss per share | $ | (0.097 | ) | $ | (0.092 | ) | |||
Note_11_Investment_in_Telkoor
Note 11 - Investment in Telkoor | 12 Months Ended |
Dec. 31, 2014 | |
Business Combinations [Abstract] | |
Business Combination Disclosure [Text Block] | NOTE 11:- INVESTMENT IN TELKOOR |
On June 16, 2011 the Company has acquired 1,136,666 shares of Telkoor, a major shareholder of the Company and an Israeli company listed in the Tel Aviv stock exchange, which represented 8.8% of the outstanding shares of Telkoor. As a result of this transaction, an existing manufacturing agreement between Digital Power and Telkoor was updated and extended. | |
The Company has classified its investment in Telkoor's shares as available-for-sale securities in accordance with ASC 320, "Investment in Debt and Equity Securities". Marketable securities classified as "available for sale securities" are carried at fair value, based on quoted market prices. Unrealized gains and losses are reported in a separate component of shareholders' equity in "accumulated other comprehensive loss". When evaluating the investment for other-than-temporary impairment, the Company reviews factors such as the length of time and extent to which fair value has been below cost basis, the financial condition of the issuer and any changes thereto, and the Company's intent to sell, or whether it is more likely than not that it will be required to sell, the investment before recovery of the investment's amortized cost basis. | |
Equity securities that do not have readily determinable fair values (i.e. non-marketable equity securities) and are not required to be accounted for under the equity method are typically carried at cost(i.e., cost method investments), as described in ASC 325-20. | |
The Company recorded an impairment of its investment in Telkoor of $175 for the year ended December 31, 2014 compared to $312 for the year ended December 31, 2013. In the year ended December 31, 2014, an independent appraiser evaluated the holding value of this investment based upon guidelines outlined in ASC 320 and concluded the fair value of the asset had declined by $175 from its value reported in the financial statements for the year ended December 31, 2013. For the year ended December 31, 2013, the Company used the value of shares sold by Telkoor late in the year in a private equity transaction as the basis for the value of the investment. The Company concluded that the price paid for those shares was the fair value of its own Telkoor shares under ASC 325 and subsequently recorded an impairment of $312 for year ended December 31, 2013. In accordance with ASC 325, Telkoor’s equity shares held by the Company are presented at cost and will be reviewed for impairment in accordance with ASC 320. |
Note_12_Related_Party_Transact
Note 12 - Related Party Transactions | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Related Party Transactions [Abstract] | |||||||||
Related Party Transactions Disclosure [Text Block] | NOTE 12:- RELATED PARTY TRANSACTIONS | ||||||||
The results of operations from transactions with Telkoor, a major shareholder, were as follows: | |||||||||
Year ended | |||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Purchases of products from Telkoor | $ | 868 | $ | 1,381 | |||||
Transactions with Telkoor are derived mainly from purchase of power supplies from Telkoor. In addition, in 2010, the Company purchased IP from one of Telkoor's subsidiaries in the amount of $ 480. See Note 5 for further discussion. | |||||||||
The Company believes that the transactions described above are on a basis no less favorable than could be obtained from an independent third party. Although it is not practical to determine the amounts that the Company would have incurred had it purchased from an unaffiliated entity, management believes that the amounts chargeable for the above transactions provided by these agreements are reasonable. All future transactions between the Company and Telkoor will be on terms no less favorable than could be obtained from an independent third party. |
Note_13_Segment_Customers_and_
Note 13 - Segment Customers and Geographical Information | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||
Segment Reporting Disclosure [Text Block] | NOTE 13:- SEGMENT CUSTOMERS AND GEOGRAPHICAL INFORMATION | ||||||||||||||||
a. | The Company has two reportable geographic segments; see Note 1a for a brief description of the Company's business. The data is presented in accordance with ASC 280 (formerly: Statement of Financial Accounting Standards No.131, "Disclosure about Segments of an Enterprise and Related Information") ("ASC 280"). | ||||||||||||||||
The following data presents the revenues, expenditures and other operating data of the Company's geographic operating segments: | |||||||||||||||||
Year ended December 31, 2014 | |||||||||||||||||
DPC | DPL | Eliminations | Total | ||||||||||||||
Revenues | $ | 4,953 | $ | 4,069 | $ | - | $ | 9,022 | |||||||||
Intersegment revenues | 211 | 39 | (250 | ) | - | ||||||||||||
Total revenues | $ | 5,164 | $ | 4,108 | $ | (250 | ) | $ | 9,022 | ||||||||
Depreciation & amortization expense | $ | 68 | $ | 177 | $ | - | $ | 245 | |||||||||
Operating income (loss) | $ | (623 | ) | $ | 81 | $ | - | $ | (542 | ) | |||||||
Impairment of investment | $ | (175 | ) | ||||||||||||||
Otherincome, net | 60 | ||||||||||||||||
Income taxes | 1 | ||||||||||||||||
Net loss | $ | (658 | ) | ||||||||||||||
Expenditures for segment assets as of December 31, 2014 | $ | 76 | $ | 43 | $ | - | $ | 119 | |||||||||
Identifiable assets as of December 31, 2014 | $ | 2,919 | $ | 3,423 | $ | - | $ | 6,342 | |||||||||
Year ended December 31, 2013 | |||||||||||||||||
DPC | DPL | Eliminations | Total | ||||||||||||||
Revenues | $ | 5,258 | $ | 3,512 | $ | - | $ | 8,770 | |||||||||
Intersegment revenues | 307 | - | (307 | ) | - | ||||||||||||
Total revenues | $ | 5,565 | $ | 3,512 | $ | (307 | ) | $ | 8,770 | ||||||||
Depreciation and amortization expense | $ | 45 | $ | 161 | $ | - | $ | 206 | |||||||||
Operating income (loss) | $ | (183 | ) | $ | (134 | ) | $ | (317 | ) | ||||||||
Impairment of Investment | (312 | ) | |||||||||||||||
Income taxes | 3 | ||||||||||||||||
Net loss | $ | (632 | ) | ||||||||||||||
Expenditures for segment assets as of December 31, 2013 | $ | 163 | $ | 53 | $ | - | $ | 216 | |||||||||
Identifiable assets as of December 31, 2013 | $ | 4,046 | $ | 2,931 | $ | - | $ | 6,977 | |||||||||
b. | Major customers' data as a percentage of total revenues: There was no customer who accounted for more than 10% of the net revenues of the Company in 2014 and 2013. | ||||||||||||||||
c. | Total revenues from external customers divided on the basis of the Company's product lines are as follows: | ||||||||||||||||
Year ended | |||||||||||||||||
December 31, | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Revenues: | |||||||||||||||||
Commercial products | $ | 6,438 | $ | 6,108 | |||||||||||||
Defense products | 2,584 | 2,662 | |||||||||||||||
$ | 9,022 | $ | 8,770 | ||||||||||||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Accounting Policies [Abstract] | |||||||||||||
Use of Estimates, Policy [Policy Text Block] | Use of estimates: | ||||||||||||
The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | |||||||||||||
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Financial statements in U.S. dollars: | ||||||||||||
A substantial portion of the revenues of the Company is generated in U.S. dollars ("dollar"). In addition, a substantial portion of the costs of the Company is incurred in dollars. The Company's management believes that the dollar is the currency of the primary economic environment in which the Company operates. | |||||||||||||
Accordingly, monetary accounts maintained in currencies other than the dollar are remeasured into U.S. dollars in accordance with Accounting Standards Codification No. 830, "Foreign Currency Matters" ("ASC No. 830"). All transactions gains and losses from the remeasurement of monetary balance sheet items are reflected in the statements of operations as financial income or expenses as appropriate. | |||||||||||||
The financial statements of the foreign subsidiary, whose functional currency has been determined to be its local currency, have been translated into U.S. dollars in accordance with Accounting Codification Statement ("ASC") 830, "Foreign Currency Translation". All balance sheet accounts have been translated using the exchange rates in effect at the balance sheet date. Statement of operations amounts have been translated using the average exchange rate for the period. The resulting translation adjustments are reported as a component of accumulated other comprehensive income (loss) in shareholders' equity. | |||||||||||||
Consolidation, Policy [Policy Text Block] | Principles of consolidation: | ||||||||||||
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. Intercompany transactions and balances have been eliminated upon consolidation. | |||||||||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash equivalents: | ||||||||||||
Cash equivalents are short-term highly liquid investments that are readily convertible to cash with original maturities of three months or less at acquisition. | |||||||||||||
Inventory, Policy [Policy Text Block] | Inventories: | ||||||||||||
Inventories are stated at the lower of cost or market value. Inventory write-offs are provided to cover risks arising from slow-moving items or technological obsolescence. | |||||||||||||
Cost is determined as follows: | |||||||||||||
Raw materials, parts and supplies - using the "first-in, first-out" method. | |||||||||||||
Work-in-progress and finished products - on the basis of direct manufacturing costs with the addition of indirect manufacturing costs. | |||||||||||||
The Company periodically assesses its inventories valuation in respect of obsolete and slow moving items by reviewing revenue forecasts and technological obsolescence. When inventories on hand exceed the foreseeable demand or become obsolete, the value of excess inventory, which at the time of the review was not expected to be sold, is written off. | |||||||||||||
During 2014 and 2013, the Company recorded inventory write-offs of $13 and $46, respectively, within the cost of revenue. | |||||||||||||
Property, Plant and Equipment, Policy [Policy Text Block] | Property and equipment and intangible asset, net: | ||||||||||||
Property and equipment as well as an intangible asset are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the assets, at the following annual rates: | |||||||||||||
% | |||||||||||||
Intangible asset | 20 | ||||||||||||
Computers, software and related equipment | 20 | – | 33 | ||||||||||
Office furniture and equipment | 10 | – | 20 | ||||||||||
Leasehold improvements | Over the term of the lease or the life | ||||||||||||
of the asset, whichever is shorter | |||||||||||||
The long-lived assets of the Company and its subsidiary are reviewed for impairment in accordance with ASC 360, "Property, Plant, and Equipment", whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. As of December 31, 2014 and 2013, no impairment losses have been identified. | |||||||||||||
Revenue Recognition, Policy [Policy Text Block] | Revenue recognition: | ||||||||||||
The Company and its subsidiary generate their revenues from the sale of their products through a direct and indirect sales force. | |||||||||||||
Revenues from products are recognized in accordance with ASC 605-15, "Revenue Recognition in Financial Statements", when the following criteria are met: persuasive evidence of an arrangement exists, delivery has occurred, the seller's price to the buyer is fixed or determinable, no further obligation exists and collectability is reasonably assured. | |||||||||||||
Generally, the Company does not grant a right of return. However, certain distributors are allowed, in the sixth month after the initial stock purchase, to rotate stock that has not been sold for other products. This stock rotation may be repeated every six months thereafter for 15-18 months, based on a fixed percentage at no more than the distributor's purchases during the previous six months. Revenues subject to stock rotation rights are deferred until the products are sold to the end customer or until the rotation rights expire. | |||||||||||||
Service revenues are deferred and recognized on a straight-line basis over the term of the service agreement. Service revenues are immaterial in proportion to the Company's revenues. | |||||||||||||
Research and Development Expense, Policy [Policy Text Block] | Engineering and product development costs: | ||||||||||||
Engineering and product development costs are charged to the statement of operations as incurred. | |||||||||||||
Income Tax, Policy [Policy Text Block] | Income taxes: | ||||||||||||
The Company and its subsidiary account for income taxes in accordance with ASC 740, "Income Taxes" (“ASC 740”). This statement prescribes the use of the liability method whereby deferred tax assets and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company and its subsidiary provide a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value. | |||||||||||||
ASC 740 contains a two-step approach to recognizing and measuring uncertain tax positions accounted for in accordance with ASC 740. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. No liability for unrecognized tax benefits was recorded as a result of the implementation of ASC 740 as of December 31, 2014 and 2013. | |||||||||||||
Standard Product Warranty, Policy [Policy Text Block] | Warranty costs: | ||||||||||||
The Company offers a warranty period for all of its products. Warranty periods range from one to two years depending on the product. The Company estimates the costs that may be incurred under its warranty and records a liability in the amount of such costs at the time product revenue is recognized. Factors that affect the Company's warranty liability include the number of units sold, historical rates of warranty claims and cost per claim. The Company periodically assesses the adequacy of its recorded warranty liability and adjusts the amounts as necessary. | |||||||||||||
Warranty liability accruals were $97 and $104 for the years ended December 31, 2014 and December 31, 2013 respectively. | |||||||||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Accounting for stock-based compensation: | ||||||||||||
The Company accounts for stock-based compensation in accordance with ASC 718 "Compensation – Stock Compensation" ("ASC 718"). | |||||||||||||
ASC 718 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods in the Company's consolidated statements of operations. | |||||||||||||
The Company estimates the fair value of stock options granted under ASC 718 using the Black-Scholes option-pricing model that uses the following assumptions. | |||||||||||||
Expected volatility is based on historical volatility that is representative of future volatility over the expected term of the options. The expected term of options granted was determined based on the simplified method, which is calculated as the midpoint between the vesting date and the end of the contractual term of the option. The Company uses the simplified method as it has determined that sufficient data is not available to develop an estimate of the expected option term based upon historical participant behavior. The risk free interest rate is based on the yield of U.S. Treasury bonds with equivalent terms. The dividend yield is based on the Company's historical and future expectation of dividends payouts. The Company has not paid cash dividends historically and has no plans to pay cash dividends in the foreseeable future. | |||||||||||||
The Company recognizes compensation expense based on awards ultimately expected to vest, net of estimated forfeitures at the time of grant. Estimated forfeitures are based on historical pre-vesting forfeitures. ASC 718 requires forfeitures to be estimated and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. | |||||||||||||
There were 795,000 options granted in 2014 and none in 2013. The fair value for options granted in 2014 is amortized over their vesting period using a straight-line recognition method and estimated at the date of grant with the following weighted average assumptions: | |||||||||||||
Weighted Average fair value | $ | 1.66 | |||||||||||
Dividend yield | 0 | % | |||||||||||
Expected volatility | 77.5 | % | |||||||||||
Risk-free interest | 2.16 | % | |||||||||||
Expected life (years) | 6.25 | ||||||||||||
The Company applies ASC 718 and ASC 505-50, “Equity Based Payments to Non-Employees”, with respect to options and warrants issued to non-employees. | |||||||||||||
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair value of financial instruments and securities: | ||||||||||||
The Company measures its financial instruments at fair value. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. A three-tier fair value hierarchy is established as a basis for considering such assumptions and for inputs used in the valuation methodologies in measuring fair value: | |||||||||||||
Level 1 - | inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. | ||||||||||||
Level 2 - | inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | ||||||||||||
Level 3 - | inputs are generally unobservable and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques. | ||||||||||||
The carrying amounts of financial instruments carried at cost, including cash and cash equivalents, trade receivables, trade payables and trade payables – related party approximate their fair value due to the short-term maturities of such instruments. | |||||||||||||
Earnings Per Share, Policy [Policy Text Block] | Basic and diluted net loss per share: | ||||||||||||
Basic net earnings loss per share is computed based on the weighted average number of Common shares outstanding during each year. Diluted net loss per share are computed based on the weighted average number of Common shares outstanding during each year, plus dilutive potential Common shares considered outstanding during the year, if any, in accordance with ASC 260, "Earnings per Share". | |||||||||||||
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of credit risks: | ||||||||||||
Financial instruments that potentially subject the Company and its subsidiary to concentrations of credit risk consist principally of cash and cash equivalents, long term deposits and trade receivables. | |||||||||||||
Cash and cash equivalents are invested in banks in the U.S. and in the UK. Such deposits in the United States may be in excess of insured limits and are not insured in other jurisdictions. | |||||||||||||
Trade receivables of the Company and its subsidiary are mainly derived from sales to customers located primarily in the U.S. and in Europe. The Company performs ongoing credit evaluations of its customers and to date has not experienced any material losses. An allowance for doubtful accounts is determined with respect to those amounts that the Company and its subsidiary have determined to be doubtful of collection. | |||||||||||||
Comprehensive Income, Policy [Policy Text Block] | Comprehensive income: | ||||||||||||
The Company accounts for comprehensive income in accordance with ASC No. 220, "Comprehensive Income". Comprehensive income generally represents all changes in shareholders' equity during the period except those resulting from investments by, or distributions to, shareholders. The Company determined that its items of other comprehensive income relate to changes in foreign currency translation adjustments. | |||||||||||||
Revenue Recognition Leases, Operating [Policy Text Block] | Operating lease: | ||||||||||||
The Company and its subsidiary have operating lease agreements for the lease of their building facilities in the U.S. and UK. The rent in connection with the leases is charged to expense over the lease term. If rental payments are not made on a straight-line basis, rental expenses are nevertheless recognized on a straight-line basis. | |||||||||||||
Marketable Securities, Policy [Policy Text Block] | Marketable securities: | ||||||||||||
The Company classifies its investment in Telkoor's shares in accordance with ASC 320, "Investment in Debt and Equity Securities" and ASC 325, “Investment – Other”. Marketable securities classified as “available for sale securities” are carried at fair value, based on quoted market prices. Unrealized gains and losses are reported in a separate component of shareholder’s equity in "accumulated other comprehensive loss" in equity. When evaluating the investment for other-than-temporary impairment, the Company reviews factors such as the length of time and extent to which fair value has been below cost basis, the financial condition of the issuer and any changes thereto, and the Company's intent to sell, or whether it is more likely than not that it will be required to sell, the investment before recovery of the investment's amortized cost basis. | |||||||||||||
Equity securities that do not have readily determinable fair values (i.e., non-marketable equity securities) and are not required to be accounted for under the equity method are typically carried at cost (i.e., cost method investments), as described in ASC 325-20. | |||||||||||||
New Accounting Pronouncements, Policy [Policy Text Block] | New accounting pronouncements and other standards: | ||||||||||||
In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers," (ASU 2014-09), which creates a new Topic, Accounting Standards Codification Topic 606. The standard is principle-based and provides a five-step model to determine when and how revenue is recognized. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The accounting standard is effective for annual and interim periods beginning after December 15, 2016. Early adoption is not permitted. The Company is currently evaluating the impact of adopting this guidance. |
Note_2_Significant_Accounting_1
Note 2 - Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Accounting Policies [Abstract] | |||||||||||||
Property and Equipment Depreciation and Amortization [Table Text Block] | % | ||||||||||||
Intangible asset | 20 | ||||||||||||
Computers, software and related equipment | 20 | – | 33 | ||||||||||
Office furniture and equipment | 10 | – | 20 | ||||||||||
Leasehold improvements | Over the term of the lease or the life | ||||||||||||
of the asset, whichever is shorter | |||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Weighted Average fair value | $ | 1.66 | ||||||||||
Dividend yield | 0 | % | |||||||||||
Expected volatility | 77.5 | % | |||||||||||
Risk-free interest | 2.16 | % | |||||||||||
Expected life (years) | 6.25 |
Note_3_Inventories_Tables
Note 3 - Inventories (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Inventory Disclosure [Abstract] | |||||||||
Schedule of Inventory, Current [Table Text Block] | December 31, | ||||||||
2014 | 2013 | ||||||||
Raw materials, parts and supplies | $ | 287 | $ | 186 | |||||
Work in progress | 357 | 428 | |||||||
Finished products | 1,009 | 1,137 | |||||||
$ | 1,653 | $ | 1,751 |
Note_4_Property_and_Equipment_1
Note 4 - Property and Equipment, Net (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | |||||||||
Property, Plant and Equipment [Table Text Block] | December 31, | ||||||||
2014 | 2013 | ||||||||
Cost: | |||||||||
Computers, software and related equipment | $ | 1,640 | $ | 1,624 | |||||
Office furniture and equipment | 259 | 265 | |||||||
Leasehold improvements | 617 | 619 | |||||||
2,516 | 2,508 | ||||||||
Accumulated depreciation | |||||||||
Computers, software and related equipment | 1,252 | 1,209 | |||||||
Office furniture and equipment | 231 | 223 | |||||||
Leasehold improvements | 466 | 460 | |||||||
1,949 | 1,892 | ||||||||
Depreciated cost | $ | 567 | $ | 616 |
Note_5_Intangible_Asset_Net_Ta
Note 5 - Intangible Asset, Net (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Disclosure Text Block [Abstract] | |||||||||
Schedule of Other Assets [Table Text Block] | December 31, | ||||||||
2014 | 2013 | ||||||||
Cost: | 480 | 480 | |||||||
Accumulated depreciation | 414 | 309 | |||||||
Depreciated cost | $ | 66 | $ | 171 |
Note_6_Other_Current_Liabiliti1
Note 6 - Other Current Liabilities (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Disclosure Text Block Supplement [Abstract] | |||||||||
Schedule of Other Assets and Other Liabilities [Table Text Block] | December 31, | ||||||||
2014 | 2013 | ||||||||
Accrued payroll and payroll taxes | $ | 65 | $ | 112 | |||||
Warranty accrual | 97 | 104 | |||||||
Accrued expenses and other | 183 | 229 | |||||||
$ | 345 | $ | 445 |
Note_7_Commitments_and_Conting1
Note 7 - Commitments and Contingent Liabilities (Tables) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Schedule of Debt [Table Text Block] | Year ended December 31, | ||||
2015 | $ | 325 | |||
2016 | 318 | ||||
2017 | 322 | ||||
2018 | 325 | ||||
2019 | 246 | ||||
2020 through 2021 | 123 | ||||
$ | 1,659 |
Note_8_Shareholders_Equity_Tab
Note 8 - Shareholders' Equity (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||||||||||||
Note 8 - Shareholders' Equity (Tables) [Line Items] | ||||||||||||||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Exercise | Options | Weighted | Weighted | Options | Weighted | ||||||||||||||||||||||||||
Price | outstanding | average | average | exercisable | average | |||||||||||||||||||||||||||
as of | remaining | exercise | as of | exercise | ||||||||||||||||||||||||||||
December 31, | contractual | price | December 31, | price | ||||||||||||||||||||||||||||
2014 | term | 2014 | of options | |||||||||||||||||||||||||||||
exercisable | ||||||||||||||||||||||||||||||||
Years | ||||||||||||||||||||||||||||||||
$ | 0.68 | - | 0.84 | 55,763 | 4.7 | $ | 0.73 | 45,763 | $ | 0.74 | ||||||||||||||||||||||
$ | 1.05 | - | 1.32 | 80,000 | 4.92 | $ | 1.21 | 50,000 | $ | 1.15 | ||||||||||||||||||||||
$ | 1.51 | - | 1.69 | 1,077,000 | 8.29 | $ | 1.65 | 339,500 | $ | 1.54 | ||||||||||||||||||||||
$ | 1.79 | 50,000 | 5.61 | $ | 1.79 | 50,000 | $ | 1.79 | ||||||||||||||||||||||||
1,262,763 | 7.65 | $ | 1.57 | 485,263 | $ | 1.45 | ||||||||||||||||||||||||||
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | Year ended | |||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||||
Cost of revenues | $ | 4 | $ | 1 | ||||||||||||||||||||||||||||
Engineering and product development expenses | 17 | 4 | ||||||||||||||||||||||||||||||
Selling and marketing expenses | 7 | 3 | ||||||||||||||||||||||||||||||
General and administration expenses | 219 | 98 | ||||||||||||||||||||||||||||||
Total equity-based compensation expense | $ | 247 | $ | 106 | ||||||||||||||||||||||||||||
Schedule of Share-based Compensation, Activity [Table Text Block] | Issuance date | Options | Exercise | Options | ||||||||||||||||||||||||||||
for | price per | exercisable | ||||||||||||||||||||||||||||||
Common | share | |||||||||||||||||||||||||||||||
shares | ||||||||||||||||||||||||||||||||
Feb-05 | 20,000 | $ | 1.19 | 20,000 | ||||||||||||||||||||||||||||
Mar-06 | 100,000 | $ | 1.16 | 100,000 | ||||||||||||||||||||||||||||
Dec-10 | 21,500 | $ | 1.51 | 21,500 | ||||||||||||||||||||||||||||
141,500 | 141,500 | |||||||||||||||||||||||||||||||
Option Plans [Member] | ||||||||||||||||||||||||||||||||
Note 8 - Shareholders' Equity (Tables) [Line Items] | ||||||||||||||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Year ended December 31, 2014 | |||||||||||||||||||||||||||||||
Amount of options | Weighted average exercise price | Weighted average remaining contractual term (years) | Aggregate intrinsic value | |||||||||||||||||||||||||||||
Outstanding beginning of year | 712,763 | $ | 1.33 | 5.38 | $ | - | ||||||||||||||||||||||||||
Granted | 795,000 | $ | 1.59 | |||||||||||||||||||||||||||||
Exercised | ( 92,500 | ) | $ | 0.93 | ||||||||||||||||||||||||||||
Forfeited | ( 72,500 | ) | $ | 1.66 | ||||||||||||||||||||||||||||
Expired | ( 80,000 | ) | $ | 1.38 | ||||||||||||||||||||||||||||
Outstanding end of year | 1,262,763 | $ | 1.57 | 7.65 | $ | 41.57 | ||||||||||||||||||||||||||
Exercisable end of year | 485,263 | $ | 1.45 | 5.26 | $ | 34.27 |
Note_9_Taxes_on_Income_Tables
Note 9 - Taxes on Income (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Income Tax Disclosure [Abstract] | |||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | December 31, | ||||||||
2014 | 2013 | ||||||||
Net operating loss carryforward | $ | 1,958 | $ | 1,775 | |||||
Reserves and allowances | 202 | 258 | |||||||
Credit carryforward | 173 | 153 | |||||||
Depreciation and amortization | 127 | 101 | |||||||
Net deferred tax asset before valuation allowance | 2,460 | 2,287 | |||||||
Valuation allowance | (2,460 | ) | (2,287 | ) | |||||
Net deferred tax asset | $ | - | $ | - | |||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Year ended | ||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Domestic (U.S.) | $ | (600 | ) | $ | (137 | ) | |||
Foreign (UK) | (57 | ) | (492 | ) | |||||
$ | (657 | ) | $ | (629 | ) | ||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Year ended | ||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Current: | |||||||||
Federal | $ | - | $ | - | |||||
State | - | - | |||||||
Foreign | 1 | 3 | |||||||
1 | 3 | ||||||||
Deferred: | |||||||||
Federal | - | - | |||||||
State | - | - | |||||||
Foreign | - | - | |||||||
- | - | ||||||||
Tax expenses | $ | 1 | $ | 3 | |||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Year ended | ||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Income (loss) before income taxes | $ | (657 | ) | $ | (676 | ) | |||
Theoretical tax at U.S. statutory tax rate (34%) | $ | (223 | ) | $ | (230 | ) | |||
Taxes in respect of prior years | 37 | (153 | ) | ||||||
Tax adjustment in respect of foreign subsidiary | (41 | ) | 35 | ||||||
Nondeductible expenses | 87 | 39 | |||||||
Operating carryforward losses, credits and temporary differences for which valuation allowance was (utilized) provided | 141 | 312 | |||||||
Tax expenses | $ | 1 | $ | 3 |
Note_10_Net_Earnings_Losses_Pe1
Note 10 - Net Earnings (Losses) Per Share (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Earnings Per Share [Abstract] | |||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Year ended | ||||||||
December 31, | |||||||||
Numerator: | 2014 | 2013 | |||||||
Net loss available to Common shareholders | $ | (658 | ) | $ | (632 | ) | |||
Denominator: | |||||||||
Total weighted average numbers of shares outstanding used in computing: | |||||||||
Basic and diluted loss per share | 6,803,269 | 6,853,161 | |||||||
Basic and diluted net loss per share | $ | (0.097 | ) | $ | (0.092 | ) |
Note_12_Related_Party_Transact1
Note 12 - Related Party Transactions (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Related Party Transactions [Abstract] | |||||||||
Schedule of Related Party Transactions [Table Text Block] | Year ended | ||||||||
December 31, | |||||||||
2014 | 2013 | ||||||||
Purchases of products from Telkoor | $ | 868 | $ | 1,381 |
Note_13_Segment_Customers_and_1
Note 13 - Segment Customers and Geographical Information (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Year ended December 31, 2014 | ||||||||||||||||
DPC | DPL | Eliminations | Total | ||||||||||||||
Revenues | $ | 4,953 | $ | 4,069 | $ | - | $ | 9,022 | |||||||||
Intersegment revenues | 211 | 39 | (250 | ) | - | ||||||||||||
Total revenues | $ | 5,164 | $ | 4,108 | $ | (250 | ) | $ | 9,022 | ||||||||
Depreciation & amortization expense | $ | 68 | $ | 177 | $ | - | $ | 245 | |||||||||
Operating income (loss) | $ | (623 | ) | $ | 81 | $ | - | $ | (542 | ) | |||||||
Impairment of investment | $ | (175 | ) | ||||||||||||||
Otherincome, net | 60 | ||||||||||||||||
Income taxes | 1 | ||||||||||||||||
Net loss | $ | (658 | ) | ||||||||||||||
Expenditures for segment assets as of December 31, 2014 | $ | 76 | $ | 43 | $ | - | $ | 119 | |||||||||
Identifiable assets as of December 31, 2014 | $ | 2,919 | $ | 3,423 | $ | - | $ | 6,342 | |||||||||
Year ended December 31, 2013 | |||||||||||||||||
DPC | DPL | Eliminations | Total | ||||||||||||||
Revenues | $ | 5,258 | $ | 3,512 | $ | - | $ | 8,770 | |||||||||
Intersegment revenues | 307 | - | (307 | ) | - | ||||||||||||
Total revenues | $ | 5,565 | $ | 3,512 | $ | (307 | ) | $ | 8,770 | ||||||||
Depreciation and amortization expense | $ | 45 | $ | 161 | $ | - | $ | 206 | |||||||||
Operating income (loss) | $ | (183 | ) | $ | (134 | ) | $ | (317 | ) | ||||||||
Impairment of Investment | (312 | ) | |||||||||||||||
Income taxes | 3 | ||||||||||||||||
Net loss | $ | (632 | ) | ||||||||||||||
Expenditures for segment assets as of December 31, 2013 | $ | 163 | $ | 53 | $ | - | $ | 216 | |||||||||
Identifiable assets as of December 31, 2013 | $ | 4,046 | $ | 2,931 | $ | - | $ | 6,977 | |||||||||
Revenue from External Customers by Products and Services [Table Text Block] | Year ended | ||||||||||||||||
December 31, | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Revenues: | |||||||||||||||||
Commercial products | $ | 6,438 | $ | 6,108 | |||||||||||||
Defense products | 2,584 | 2,662 | |||||||||||||||
$ | 9,022 | $ | 8,770 |
Note_1_General_Details
Note 1 - General (Details) | 12 Months Ended |
Dec. 31, 2014 | |
Disclosure Text Block [Abstract] | |
Number of Reportable Segments | 2 |
Note_2_Significant_Accounting_2
Note 2 - Significant Accounting Policies (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Note 2 - Significant Accounting Policies (Details) [Line Items] | ||
Inventory Write-down | $13,000 | $46,000 |
Impairment of Long-Lived Assets Held-for-use | 0 | 0 |
Product Warranty Accrual | $97,000 | $104,000 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares) | 795,000 | 0 |
Minimum [Member] | ||
Note 2 - Significant Accounting Policies (Details) [Line Items] | ||
Stock Rotation Period | 15 months | |
Warranty Period | 1 year | |
Maximum [Member] | ||
Note 2 - Significant Accounting Policies (Details) [Line Items] | ||
Stock Rotation Period | 18 months | |
Warranty Period | 2 years |
Note_2_Significant_Accounting_3
Note 2 - Significant Accounting Policies (Details) - Property, Equipment, and Intangible Assets | 12 Months Ended |
Dec. 31, 2014 | |
Computer Equipment [Member] | Minimum [Member] | |
Note 2 - Significant Accounting Policies (Details) - Property, Equipment, and Intangible Assets [Line Items] | |
Depreciation rate | 20.00% |
Computer Equipment [Member] | Maximum [Member] | |
Note 2 - Significant Accounting Policies (Details) - Property, Equipment, and Intangible Assets [Line Items] | |
Depreciation rate | 33.00% |
Office Equipment [Member] | Minimum [Member] | |
Note 2 - Significant Accounting Policies (Details) - Property, Equipment, and Intangible Assets [Line Items] | |
Depreciation rate | 10.00% |
Office Equipment [Member] | Maximum [Member] | |
Note 2 - Significant Accounting Policies (Details) - Property, Equipment, and Intangible Assets [Line Items] | |
Depreciation rate | 20.00% |
Intangible Asset [Member] | |
Note 2 - Significant Accounting Policies (Details) - Property, Equipment, and Intangible Assets [Line Items] | |
Intangible asset | 20.00% |
Note_2_Significant_Accounting_4
Note 2 - Significant Accounting Policies (Details) - Fair Value Assumptions (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Fair Value Assumptions [Abstract] | |
Weighted Average fair value (in Dollars per share) | $1.66 |
Dividend yield | 0.00% |
Expected volatility | 77.50% |
Risk-free interest | 2.16% |
Expected life (years) | 6 years 3 months |
Note_3_Inventories_Details_Inv
Note 3 - Inventories (Details) - Inventories (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Inventories [Abstract] | ||
Raw materials, parts and supplies | $287 | $186 |
Work in progress | 357 | 428 |
Finished products | 1,009 | 1,137 |
$1,653 | $1,751 |
Note_4_Property_and_Equipment_2
Note 4 - Property and Equipment, Net (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Note 4 - Property and Equipment, Net (Details) [Line Items] | ||
Depreciation | $139 | $110 |
Property, Plant and Equipment, Transfers and Changes | 16 | |
Leasehold Improvements [Member] | ||
Note 4 - Property and Equipment, Net (Details) [Line Items] | ||
Property, Plant and Equipment, Disposals | $125 |
Note_4_Property_and_Equipment_3
Note 4 - Property and Equipment, Net (Details) - Property and Equipment, Net (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ||
Computers, software and related equipment | $2,516 | $2,508 |
Computers, software and related equipment | 1,949 | 1,892 |
Depreciated cost | 567 | 616 |
Computer Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Computers, software and related equipment | 1,640 | 1,624 |
Computers, software and related equipment | 1,252 | 1,209 |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Computers, software and related equipment | 259 | 265 |
Computers, software and related equipment | 231 | 223 |
Leasehold Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Computers, software and related equipment | 617 | 619 |
Computers, software and related equipment | $466 | $460 |
Note_5_Intangible_Asset_Net_De
Note 5 - Intangible Asset, Net (Details) (USD $) | 0 Months Ended | 12 Months Ended | |
Aug. 25, 2010 | Dec. 31, 2014 | Dec. 31, 2013 | |
Note 5 - Intangible Asset, Net (Details) [Line Items] | |||
Payments to Acquire Intangible Assets | $480,000 | ||
Royalty Fee | 15.00% | ||
Training and Techinical Support Period | 60 months | ||
IP Reduction Period | 4 years | ||
Finite-Lived Intangible Asset, Useful Life | 5 years | ||
Amortization | 106,000 | 96,000 | |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 66,000 | ||
Intellectual Property [Member] | |||
Note 5 - Intangible Asset, Net (Details) [Line Items] | |||
Finite-Lived Intangible Assets, Net | $66,000 | $171,000 |
Note_5_Intangible_Asset_Net_De1
Note 5 - Intangible Asset, Net (Details) - IP Useful Life (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 5 - Intangible Asset, Net (Details) - IP Useful Life [Line Items] | ||
Accumulated depreciation | $1,949 | $1,892 |
Intellectual Property [Member] | ||
Note 5 - Intangible Asset, Net (Details) - IP Useful Life [Line Items] | ||
Cost: | 480 | 480 |
Accumulated depreciation | 414 | 309 |
Depreciated cost | $66 | $171 |
Note_6_Other_Current_Liabiliti2
Note 6 - Other Current Liabilities (Details) - Other Current Liabilities (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Other Current Liabilities [Abstract] | ||
Accrued payroll and payroll taxes | $65 | $112 |
Warranty accrual | 97 | 104 |
Accrued expenses and other | 183 | 229 |
$345 | $445 |
Note_7_Commitments_and_Conting2
Note 7 - Commitments and Contingent Liabilities (Details) (USD $) | 12 Months Ended | 1 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2010 | Nov. 30, 2012 | |
Note 7 - Commitments and Contingent Liabilities (Details) [Line Items] | ||||
Operating Leases, Rent Expense (in Dollars) | $309 | $298 | ||
United Kingdom Facility [Member] | ||||
Note 7 - Commitments and Contingent Liabilities (Details) [Line Items] | ||||
Lessee Leasing Arrangements, Operating Leases, Term of Contract | 15 years | |||
Option to Cancel Lease | 10 years | |||
United States Headquarters Facility [Member] | ||||
Note 7 - Commitments and Contingent Liabilities (Details) [Line Items] | ||||
Lessee Leasing Arrangements, Operating Leases, Term of Contract | 7 years | |||
Lessee Leasing Arrangements, Operating Leases, Renewal Term | 5 years |
Note_7_Commitments_and_Conting3
Note 7 - Commitments and Contingent Liabilities (Details) - Future Rental Commitments Under Non-cancellable Leases (USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Future Rental Commitments Under Non-cancellable Leases [Abstract] | |
2015 | $325 |
2016 | 318 |
2017 | 322 |
2018 | 325 |
2019 | 246 |
2020 through 2021 | 123 |
$1,659 |
Note_8_Shareholders_Equity_Det
Note 8 - Shareholders' Equity (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2010 | Dec. 31, 2013 |
Note 8 - Shareholders' Equity (Details) [Line Items] | |||
Preferred Stock, Shares Authorized | 1,500,000 | 1,500,000 | |
Preferred Stock, Shares Issued | 0 | ||
Preferred Stock, Shares Outstanding | 0 | 0 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 655,130 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | $744 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 3 years 127 days | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 795,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 1,262,763 | 712,763 | |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 77.50% | ||
Employee Stock Ownership Plan (ESOP), Number of Shares Distributed or Paid in Cash Equivalent | 167,504 | ||
Series A Preferred Stock [Member] | |||
Note 8 - Shareholders' Equity (Details) [Line Items] | |||
Preferred Stock, Shares Authorized | 500,000 | ||
Maximum [Member] | |||
Note 8 - Shareholders' Equity (Details) [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||
Officer [Member] | |||
Note 8 - Shareholders' Equity (Details) [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,372,630 | ||
Telkoor's Employees [Member] | |||
Note 8 - Shareholders' Equity (Details) [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 41,500 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 21,500 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 2.14% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 79.90% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term | 5 years 335 days |
Note_8_Shareholders_Equity_Det1
Note 8 - Shareholders' Equity (Details) - Options Outstanding (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Note 8 - Shareholders' Equity (Details) - Options Outstanding [Line Items] | ||
Exercise Price | $1.57 | $1.33 |
Outstanding (in Shares) | 1,262,763 | 712,763 |
Weighted average remaining contractual term | 7 years 237 days | 5 years 138 days |
Weighted average exercise price (in Shares) | 485,263 | |
Options exercisable | $1.45 | |
Range 1 [Member] | ||
Note 8 - Shareholders' Equity (Details) - Options Outstanding [Line Items] | ||
Lower Exercise Price | $0.68 | |
Exercise Price | $0.73 | |
Higher Exercise Price | $0.84 | |
Outstanding (in Shares) | 55,763 | |
Weighted average remaining contractual term | 4 years 255 days | |
Weighted average exercise price (in Shares) | 45,763 | |
Options exercisable | $0.74 | |
Range 2 [Member] | ||
Note 8 - Shareholders' Equity (Details) - Options Outstanding [Line Items] | ||
Lower Exercise Price | $1.05 | |
Exercise Price | $1.21 | |
Higher Exercise Price | $1.32 | |
Outstanding (in Shares) | 80,000 | |
Weighted average remaining contractual term | 4 years 335 days | |
Weighted average exercise price (in Shares) | 50,000 | |
Options exercisable | $1.15 | |
Range 3 [Member] | ||
Note 8 - Shareholders' Equity (Details) - Options Outstanding [Line Items] | ||
Lower Exercise Price | $1.51 | |
Exercise Price | $1.65 | |
Higher Exercise Price | $1.69 | |
Outstanding (in Shares) | 1,077,000 | |
Weighted average remaining contractual term | 8 years 105 days | |
Weighted average exercise price (in Shares) | 339,500 | |
Options exercisable | $1.54 | |
Range 4 [Member] | ||
Note 8 - Shareholders' Equity (Details) - Options Outstanding [Line Items] | ||
Exercise Price | $1.79 | |
Outstanding (in Shares) | 50,000 | |
Weighted average remaining contractual term | 5 years 222 days | |
Weighted average exercise price (in Shares) | 50,000 | |
Options exercisable | $1.79 |
Note_8_Shareholders_Equity_Det2
Note 8 - Shareholders' Equity (Details) - Equity Based Compensation Expense (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Share Based Compensation Expense | $247 | $106 |
Cost of Sales [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Share Based Compensation Expense | 4 | 1 |
Research and Development Expense [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Share Based Compensation Expense | 17 | 4 |
Selling and Marketing Expense [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Share Based Compensation Expense | 7 | 3 |
General and Administrative Expense [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Share Based Compensation Expense | $219 | $98 |
Note_8_Shareholders_Equity_Det3
Note 8 - Shareholders' Equity (Details) - Option Activity (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Option Activity [Abstract] | ||
Outstanding | 1,262,763 | 712,763 |
Outstanding, weighted average exercise price | $1.57 | $1.33 |
Outstanding, weighted average remaining contractual term (years) | 7 years 237 days | 5 years 138 days |
Outstanding, aggregate intrinsic value | $41,570 | |
Exercisable end of year | 485,263 | |
Exercisable end of year | $1.45 | |
Exercisable end of year | 5 years 94 days | |
Exercisable end of year | $34,270 | |
Granted | 795,000 | |
Granted | $1.59 | |
Exercised | -92,500 | |
Exercised | $0.93 | |
Forfeited | -72,500 | |
Forfeited | $1.66 | |
Expired | -80,000 | |
Expired | $1.38 |
Note_8_Shareholders_Equity_Det4
Note 8 - Shareholders' Equity (Details) - Outstanding Warrants and Options to Consultants and Service Providers (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Note 8 - Shareholders' Equity (Details) - Outstanding Warrants and Options to Consultants and Service Providers [Line Items] | ||
Options for Common shares | 1,262,763 | 712,763 |
Exercise price per share (in Dollars per share) | $1.57 | $1.33 |
Options exercisable | 485,263 | |
February 2005 [Member] | Consultants and Service Providers [Member] | ||
Note 8 - Shareholders' Equity (Details) - Outstanding Warrants and Options to Consultants and Service Providers [Line Items] | ||
Options for Common shares | 20,000 | |
Exercise price per share (in Dollars per share) | $1.19 | |
Options exercisable | 20,000 | |
March 2006 [Member] | Consultants and Service Providers [Member] | ||
Note 8 - Shareholders' Equity (Details) - Outstanding Warrants and Options to Consultants and Service Providers [Line Items] | ||
Options for Common shares | 100,000 | |
Exercise price per share (in Dollars per share) | $1.16 | |
Options exercisable | 100,000 | |
December 2010 [Member] | Consultants and Service Providers [Member] | ||
Note 8 - Shareholders' Equity (Details) - Outstanding Warrants and Options to Consultants and Service Providers [Line Items] | ||
Options for Common shares | 21,500 | |
Exercise price per share (in Dollars per share) | $1.51 | |
Options exercisable | 21,500 | |
Consultants and Service Providers [Member] | ||
Note 8 - Shareholders' Equity (Details) - Outstanding Warrants and Options to Consultants and Service Providers [Line Items] | ||
Options for Common shares | 141,500 | |
Options exercisable | 141,500 |
Note_9_Taxes_on_Income_Details
Note 9 - Taxes on Income (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Note 9 - Taxes on Income (Details) [Line Items] | ||
Deferred Tax Assets, Valuation Allowance | $2,460,000 | $2,287,000 |
Deferred Tax Assets, Operating Loss Carryforwards, Domestic | 4,135,000 | |
Loss Carryforward Period | 20 years | |
Deferred Tax Assets, Operating Loss Carryforwards | 1,958,000 | 1,775,000 |
Unrecognized Tax Benefits | 0 | 0 |
DPL [Member] | ||
Note 9 - Taxes on Income (Details) [Line Items] | ||
Deferred Tax Assets, Operating Loss Carryforwards | $1,718,000 |
Note_9_Taxes_on_Income_Details1
Note 9 - Taxes on Income (Details) - Components of Deferred Tax Assets and Liabilities (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Components of Deferred Tax Assets and Liabilities [Abstract] | ||
Net operating loss carryforward | $1,958 | $1,775 |
Reserves and allowances | 202 | 258 |
Credit carryforward | 173 | 153 |
Depreciation and amortization | 127 | 101 |
Net deferred tax asset before valuation allowance | 2,460 | 2,287 |
Valuation allowance | ($2,460) | ($2,287) |
Note_9_Taxes_on_Income_Details2
Note 9 - Taxes on Income (Details) - Income Before Income Taxes (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Income Before Income Taxes [Abstract] | ||
Domestic (U.S.) | ($600) | ($137) |
Foreign (UK) | -57 | -492 |
($657) | ($629) |
Note_9_Taxes_on_Income_Details3
Note 9 - Taxes on Income (Details) - Provision for Income Taxes (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Current: | ||
Foreign | $1 | $3 |
1 | 3 | |
Tax expenses | $1 | $3 |
Note_9_Taxes_on_Income_Details4
Note 9 - Taxes on Income (Details) - Income Tax Reconciliation (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Income Tax Reconciliation [Abstract] | ||
Income (loss) before income taxes | ($657) | ($676) |
Theoretical tax at U.S. statutory tax rate (34%) | -223 | -230 |
Taxes in respect of prior years | 37 | -153 |
Tax adjustment in respect of foreign subsidiary | -41 | 35 |
Nondeductible expenses | 87 | 39 |
Operating carryforward losses, credits and temporary differences for which valuation allowance was (utilized) provided | 141 | 312 |
Tax expenses | $1 | $3 |
Note_9_Taxes_on_Income_Details5
Note 9 - Taxes on Income (Details) - Income Tax Reconciliation (Parentheticals) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Income Tax Reconciliation [Abstract] | ||
U.S. statutory tax ratP5 | 34.00% | 34.00% |
Note_10_Net_Earnings_Losses_Pe2
Note 10 - Net Earnings (Losses) Per Share (Details) - Computation of the Basic and Diluted Earnings Per Share (USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Computation of the Basic and Diluted Earnings Per Share [Abstract] | ||
Net loss available to Common shareholders | ($658) | ($632) |
Total weighted average numbers of shares outstanding used in computing: | ||
Basic and diluted loss per share | 6,803,269 | 6,853,161 |
Basic and diluted net loss per share | ($0.10) | ($0.09) |
Note_11_Investment_in_Telkoor_
Note 11 - Investment in Telkoor (Details) (USD $) | 12 Months Ended | 0 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Jun. 16, 2011 |
Note 11 - Investment in Telkoor (Details) [Line Items] | |||
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities | $175 | $312 | |
Telkoor [Member] | |||
Note 11 - Investment in Telkoor (Details) [Line Items] | |||
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities | $175 | $312 | |
Telkoor [Member] | |||
Note 11 - Investment in Telkoor (Details) [Line Items] | |||
Business Acquisition, Shares Acquired (in Shares) | 1,136,666 | ||
Business Acquisition, Percentage of Voting Interests Acquired | 8.80% |
Note_12_Related_Party_Transact2
Note 12 - Related Party Transactions (Details) (USD $) | 0 Months Ended | 12 Months Ended |
Aug. 25, 2010 | Dec. 31, 2010 | |
Note 12 - Related Party Transactions (Details) [Line Items] | ||
Payments to Acquire Intangible Assets | $480,000 | |
Telkoor [Member] | Intellectual Property [Member] | ||
Note 12 - Related Party Transactions (Details) [Line Items] | ||
Payments to Acquire Intangible Assets | $480 |
Note_12_Related_Party_Transact3
Note 12 - Related Party Transactions (Details) - Result of Operations from Transactions with Telkoor (Telkoor [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Telkoor [Member] | ||
Related Party Transaction [Line Items] | ||
Purchases of products from Telkoor | $868 | $1,381 |
Note_13_Segment_Customers_and_2
Note 13 - Segment Customers and Geographical Information (Details) | 12 Months Ended |
Dec. 31, 2014 | |
Segment Reporting [Abstract] | |
Number of Reportable Segments | 2 |
Note_13_Segment_Customers_and_3
Note 13 - Segment Customers and Geographical Information (Details) - Segment Reporting (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Segment Reporting Information [Line Items] | ||
Revenues | $9,022 | $8,770 |
Depreciation and amortization expense | 245 | 206 |
Operating income (loss) | -542 | -317 |
Impairment of investment | -175 | -312 |
Otherincome, net | 60 | |
Income taxes | 1 | 3 |
Net loss | -658 | -632 |
Expenditures for segment assets | 119 | 216 |
Total assets | 6,342 | 6,977 |
Intersegment Eliminations [Member] | Intersegment Revenues [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | -250 | -307 |
Intersegment Eliminations [Member] | Total Revenues [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | -250 | -307 |
DPC [Member] | Intersegment Revenues [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 211 | 307 |
DPC [Member] | Total Revenues [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 5,164 | 5,565 |
DPC [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 4,953 | 5,258 |
Depreciation and amortization expense | 68 | 45 |
Operating income (loss) | -623 | -183 |
Expenditures for segment assets | 76 | 163 |
Total assets | 2,919 | 4,046 |
DPL [Member] | Intersegment Revenues [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 39 | |
DPL [Member] | Total Revenues [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 4,108 | 3,512 |
DPL [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 4,069 | 3,512 |
Depreciation and amortization expense | 177 | 161 |
Operating income (loss) | 81 | -134 |
Expenditures for segment assets | 43 | 53 |
Total assets | 3,423 | 2,931 |
Total Revenues [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | $9,022 | $8,770 |
Note_13_Segment_Customers_and_4
Note 13 - Segment Customers and Geographical Information (Details) - Revenue from External Customers on the Basis of Product Lines (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Revenue from External Customer [Line Items] | ||
Revenues | $9,022 | $8,770 |
Commercial Products [Member] | ||
Revenue from External Customer [Line Items] | ||
Revenues | 6,438 | 6,108 |
Defense Products [Member] | ||
Revenue from External Customer [Line Items] | ||
Revenues | $2,584 | $2,662 |