Arotech (ARTX) 10-Q 14 Nov 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 04, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'AROTECH CORPORATION	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	24,444,063
Amendment Flag	'false	'
Entity Central Index Key	'0000916529	'
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	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014		Dec. 31, 2013
CURRENT ASSETS:	'		'
Cash and cash equivalents	$10,802,643		$5,821,325
Restricted collateral deposits	241,613		498,495
Trade receivables	14,911,644		12,362,871
Unbilled receivables	19,036,156		8,463,920
Other accounts receivable and prepaid expenses	1,544,692		1,379,621
Inventories	10,711,913		10,074,766
Total current assets	57,248,661		38,600,998
LONG TERM ASSETS:	'		'
Israeli statutory and contractual severance pay fund	4,900,528		4,968,811
Other long term receivables	84,247		73,979
Property and equipment, net	6,114,138		4,926,949
Other intangible assets, net	12,396,306		1,059,151
Goodwill	45,730,986		31,024,754
Total long term assets	69,226,205		42,053,644
Total assets	126,474,866	[1]	80,654,642
CURRENT LIABILITIES:	'		'
Trade payables	4,803,969		5,107,208
Other accounts payable and accrued expenses	8,532,938		6,012,041
Current portion of long term debt	4,340,729		95,382
Short term bank credit	2,782,213		0
Deferred revenues	6,300,162		7,020,079
Total current liabilities	26,760,011		18,234,710
LONG TERM LIABILITIES:	'		'
Accrued Israeli statutory and contractual severance pay	7,141,535		7,020,060
Long term portion of debt	18,357,684		1,830,348
Deferred tax liability	5,966,690		5,518,521
Other long-term liabilities	2,438,046		74,027
Total long-term liabilities	33,903,955		14,442,956
Total liabilities	60,663,966		32,677,666
STOCKHOLDERS’ EQUITY:	'		'
Common stock – $0.01 par value each; Authorized: 50,000,000 shares as of September 30, 2014 and December 31, 2013; Issued and outstanding: 24,317,211 shares and 20,163,163 shares as of September 30, 2014 and December 31, 2013, respectively	243,172		201,632
Preferred shares – $0.01 par value each; Authorized: 1,000,000 shares as of September 30, 2014 and December 31, 2013; No shares issued or outstanding as of September 30, 2014 and December 31, 2013	0		0
Additional paid-in capital	245,183,160		229,917,341
Accumulated deficit	-179,921,267		-183,096,572
Notes receivable from stockholders	-908,054		-908,054
Accumulated other comprehensive income	1,213,889		1,862,629
Total stockholders’ equity	65,810,900		47,976,976
Total liabilities and stockholders’ equity	$126,474,866		$80,654,642
[1]	Out of those amounts, goodwill in the Company's Training and Simulation and Battery and Power Systems Divisions totaled $24,435,641 and $21,295,345, respectively, as of September 30, 2014 and $24,435,641 and $6,466,161, respectively, as of September 30, 2013.

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Common Stock - par value (in Dollars per share)	$0.01	$0.01
Common stock - authorized	50,000,000	50,000,000
Common stock- shares issued	24,317,211	20,163,163
Common stock - shares outstanding	24,317,211	20,163,163
Preferred shares - par value (in Dollars per share)	$0.01	$0.01
Preferred shares - shares authorized	1,000,000	1,000,000
Preferred Shares - shares issued	0	0
Preferred shares -shares outstanding	0	0

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues	$24,783,353	$23,187,544	$74,995,339	$67,637,517
Cost of revenues	16,775,556	16,816,012	49,682,017	49,681,174
Research and development expenses	925,186	807,788	2,857,144	1,935,958
Selling and marketing expenses	1,202,966	1,229,225	4,180,519	3,849,483
General and administrative expenses	3,799,772	2,685,522	11,606,038	7,539,580
Amortization of intangible assets	867,452	270,985	1,828,635	821,097
Total operating costs and expenses	23,570,932	21,809,532	70,154,353	63,827,292
Operating income	1,212,421	1,378,012	4,840,986	3,810,225
Other income, net	58,831	-7,460	288,252	261,222
Financial expense, net	-416,107	-172,569	-1,098,755	-475,448
Total other expense	-357,276	-180,029	-810,503	-214,226
Income from continuing operations before income tax expense	855,145	1,197,983	4,030,483	3,595,999
Income tax expense	476,617	337,060	855,178	765,962
Income from continuing operations	378,528	860,923	3,175,305	2,830,037
Income (loss) from discontinued operations, net of income tax	0	652	0	-87,278
Net income	378,528	861,575	3,175,305	2,742,759
Other comprehensive income, net of $0 income tax	'	'	'	'
Foreign currency translation adjustment	-749,849	202,844	-648,740	472,767
Comprehensive income (loss)	($371,321)	$1,064,419	$2,526,565	$3,215,526
Income (loss) per share of common stock:	'	'	'	'
Basic – continuing operations (in Dollars per share)	$0.02	$0.05	$0.15	$0.18
Basic – discontinued operations (in Dollars per share)	$0	$0	$0	($0.01)
Basic net income per share (in Dollars per share)	$0.02	$0.05	$0.15	$0.17
Diluted – continuing operations (in Dollars per share)	$0.02	$0.05	$0.15	$0.18
Diluted – discontinued operations (in Dollars per share)	$0	$0	$0	($0.01)
Diluted net income per share (in Dollars per share)	$0.02	$0.05	$0.15	$0.17
Weighted average number of shares used in computing basic net income/loss per share (in Shares)	23,137,808	15,951,602	20,998,023	15,521,974
Weighted average number of shares used in computing diluted net income/loss per share (in Shares)	23,740,548	16,554,342	21,600,763	16,124,714

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parentheticals) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Other comprehensive income, income tax	$0	$0	$0	$0

CONSOLIDATED_STATEMENT_OF_CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income	$3,175,305	$2,742,759
Adjustments required to reconcile net income to net cash provided by (used in) operating activities:	'	'
Depreciation	1,116,599	867,008
Amortization of intangible assets	1,828,635	821,097
Stock based compensation	393,187	394,135
Capital loss from sale of property and equipment	5,039	0
Deferred tax provision	448,169	448,875
Changes in operating assets and liabilities:	'	'
Severance pay fund	189,758	106,933
Trade receivables	154,201	-4,181,183
Other accounts receivable and prepaid expenses	132,593	-272,511
Inventories	-90,303	-509,479
Unbilled receivables	-761,405	5,615,419
Deferred revenues	-719,917	1,344,493
Trade payables	-3,111,745	-1,265,849
Other accounts payable and accrued expenses	-291,197	326,579
Discontinued operations	0	-308,835
Net cash provided by (used in) operating activities	2,468,919	6,129,441
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Acquisition of UEC(1)	-29,113,655	0
Purchase of property and equipment	-1,298,505	-1,296,896
Additions to capitalized software development	-65,790	-3,675
Decrease (increase) in restricted collateral deposits	256,882	-341,305
Discontinued operations	0	44,827
Net cash provided by (used in) investing activities	-30,221,068	-1,597,049
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Repayment of long term debt	-1,727,317	-850,507
Proceeds from long term debt	22,500,000	0
Changes in short term bank credit	1,511,903	-6,071,231
Proceeds from sale of common stock, net	10,698,173	5,461,999
Discontinued operations	0	-49,636
Net cash provided by (used in) financing activities	32,982,759	-1,509,375
INCREASE IN CASH AND CASH EQUIVALENTS	5,230,610	3,023,017
CASH DIFFERENCES DUE TO EXCHANGE RATE CHANGES	-249,292	193,692
NET CHANGE IN CASH AND EQUIVALENTS – DISCONTINUED OPERATIONS	0	66,192
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	5,821,325	1,580,627
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	10,802,643	4,863,528
SUPPLEMENTARY INFORMATION ON NON-CASH TRANSACTIONS:	'	'
Common stock issued in acquisition of UEC	4,216,000	0
Interest paid during the period	606,997	326,345
Taxes paid on income during the period	$249,374	$136,294

Cash_Flow_Supplemental_Disclos

Cash Flow, Supplemental Disclosures	9 Months Ended
	Sep. 30, 2014
Supplemental Cash Flow Elements [Abstract]	'
Cash Flow, Supplemental Disclosures [Text Block]	'
	-1	On April 1, 2014, the Company acquired all of the outstanding membership interests of UEC Electronics, LLC (“UEC”). The cash portion of the transaction is summarized as follows:
	New long term debt		$	22,500,000
	Cash			5,500,000
	Net working capital adjustment (paid in May 2014)			1,206,245
	Cash acquired			(92,590	)
	Total		$	29,113,655

NOTE_1_BASIS_OF_PRESENTATION

NOTE 1: BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	'
	NOTE 1:                      BASIS OF PRESENTATION
	a.           Company:
	Arotech Corporation (“Arotech”) and its wholly-owned subsidiaries (the “Company”) provide advanced battery and simulation solutions, including innovative energy management and power distribution technologies, turnkey interactive multimedia simulators/trainers, and world-class product design and manufacturing services for the aerospace, defense, law enforcement and homeland security markets. The Company operates primarily through its wholly-owned subsidiaries FAAC Incorporated (“FAAC”), based in Ann Arbor, Michigan with locations in Royal Oak, Michigan and Orlando, Florida; Electric Fuel Battery Corporation (“EFB”), based in Auburn, Alabama; Epsilor-Electric Fuel Ltd. (“Epsilor-EFL”), based in Dimona, Israel with a location in Beit Shemesh, Israel; and UEC Electronics, LLC (“UEC”), based in Hanahan, South Carolina (see also Note 2). EFB, Epsilor-EFL and UEC form the Company’s Battery and Power Systems Division. IES Interactive Training (MILO Range) and Realtime Technologies were merged with FAAC in 2007 and 2010, respectively, to create Arotech’s Training and Simulation Division. Pursuant to a management decision in the fourth quarter of 2011 and sale in 2012, the Company’s Armor Division, consisting of M.D.T. Protective Industries, Ltd., based in Lod, Israel, and MDT Armor Corporation, based in Auburn, Alabama, along with the trade name of Armour of America Incorporated, are reflected as discontinued operations.
	b.           Basis of presentation:
	The accompanying interim condensed consolidated financial statements have been prepared by Arotech Corporation in accordance with generally accepted accounting principles for interim financial information, with the instructions to Form 10-Q and with Article 10 of Regulation S-X, and include the accounts of Arotech Corporation and its subsidiaries. Certain information and footnote disclosures, normally included in complete financial statements prepared in accordance with generally accepted accounting principles, have been condensed or omitted. In the opinion of the Company, the unaudited financial statements reflect all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of its financial position at September 30, 2014, its operating results for the nine- and three month periods ended September 30, 2014 and 2013, and its cash flows for the nine month periods ended September 30, 2014 and 2013.
	The results of operations for the nine- and three months ended September 30, 2014 are not necessarily indicative of results that may be expected for any other interim period or for the full fiscal year ending December 31, 2014.
	The balance sheet at December 31, 2013 has been derived from the audited financial statements at that date but does not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
	c.           Accounting for stock-based compensation:
	For the nine months ended September 30, 2014 and 2013 the compensation expense recorded related to restricted stock units and restricted shares was $393,187 and $394,135, respectively. The remaining total compensation cost related to share awards not yet recognized in the statements of comprehensive income as of September 30, 2014 was $269,151. The weighted average period over which this compensation cost is expected to be recognized is approximately one and one-half years. Income tax expense was not impacted since the Company is in a net operating loss position. There were no new options issued in the first nine months of 2014 and there are no outstanding issued options. The Company’s directors received their annual restricted stock grants on April 1, 2014 in accordance with the terms of the directors’ stock compensation plan, along with a special one-time additional grant on August 12, 2014.
	d.           Reclassification:
	Certain comparative data in these financial statements may have been reclassified to conform to the current year’s presentation.
	e.           Anti-dilutive shares for EPS calculation
	All contingent restricted stock shares have been excluded from the calculation of the basic net income per common share because all such securities are anti-dilutive for the periods presented and the Company has excluded any restricted stock or restricted stock units that will never vest under the current program. The total weighted average number of shares related to the outstanding contingent shares excluded from the calculations of basic net income per share for the three and nine-month periods ended September 30, 2014 and 2013 were 602,740 and 611,700, respectively.
	f.            Contingencies
	The Company is from time to time involved in legal proceedings and other claims. The Company is required to assess the likelihood of any adverse judgments or outcomes to these matters, as well as potential ranges of probable losses. The Company has not made any material changes in the accounting methodology used to establish its self-insured liabilities during the past three fiscal years.
	A determination of the amount of reserves required, if any, for any contingencies is made after careful analysis of each individual issue. The required reserves may change due to future developments in each matter or changes in approach, such as a change in the settlement strategy in dealing with any contingencies, which may result in higher net loss.
	g.           Certain relationships and related transactions
	Officer loans: On February 9, 2000, one of the Company’s officers exercised 9,404 stock options. This officer paid the exercise price of the stock options and certain taxes that the Company paid on his behalf by giving the Company a non-recourse promissory note due in 2025 in the amount of $329,163, bearing annual interest at 1% over the then-current federal funds rate announced from time to time by the Wall Street Journal, secured by the shares of the Company’s common stock acquired through the exercise of the options and certain compensation due to this officer upon termination. As of September 30, 2014, the aggregate amount outstanding pursuant to this promissory note was $908,054.
	Consulting agreement with Sampen Corporation: The Company has an amended and restated consulting agreement with Sampen Corporation that it executed in May 2013. Sampen is a New York corporation owned by members of the immediate family of one of the Company’s officers, and this officer is an employee of both the Company and of Sampen. The term of this consulting agreement is until December 31, 2015.
	Pursuant to the terms of the Company’s agreement with Sampen, Sampen provides one of its employees to the Company for such employee to serve as (i) until September 30, 2014, the Company’s President, and (ii) from October 1, 2014, as the Company’s President and Chief Executive Officer. The Company pays Sampen $8,960 per month, plus an annual bonus, on a sliding scale, in an amount equal to a minimum of 25% of Sampen’s annual base compensation then in effect if the results the Company actually attains for the year in question are 100% or more of the amount the Company budgeted at the beginning of the year, up to a maximum of 75% of Sampen’s annual base compensation then in effect if the results the Company actually attains for the year in question are 120% or more of the amount the Company budgeted at the beginning of the year. The Company also pays Sampen, to cover the cost of the Company’s use of Sampen’s offices as an ancillary New York office and the attendant expenses and insurance costs, an amount equal to 16% of each monthly payment of base compensation.
	h.           Change in SEC filing status
	On June 30, 2014, the Company exceeded the $75.0 million public float threshold to trigger accelerated filer status with the SEC beginning in 2015. Consequently, as of January 1, 2015 the Company will no longer be a Smaller Reporting Company (SRC) and the Company’s auditors will accordingly have to provide an auditor attestation on the Company’s internal controls to be included in the Company’s Form 10-K for the year ending December 31, 2014. Such Form 10-K will continue to provide scaled SRC-level disclosures; the accelerated filer disclosures will commence in the Company’s Form 10-Q for the quarter ending March 31, 2015.
	i.            Discontinued operations
	In December 2011, the Company’s Board of Directors approved management’s plan to sell the Armor Division. On March 8, 2012, the Company signed a non-binding letter of intent to sell the division to an Israeli public company. The sale of the assets was completed in June 2012 at a cash purchase price of $50,000. Unless otherwise indicated, discontinued operations are not included in the Company’s reported results.
	The revenues and expenses of the discontinued operation are shown below.
	REVENUES AND EXPENSES – DISCONTINUED	Nine months ended September 30,
		2014		2013
	Revenues	$	–	$	1,992
	Cost of revenues, exclusive of amortization of intangibles		–		(2,458	)
	Selling and marketing expenses		–		1,340
	General and administrative expenses		–		116,163
	Total operating costs and expenses		–		115,045
	Operating loss		–		(113,053	)
	Other income		–		83,957
	Financial income, net		–		(57,182	)
	Total other income (expense)		–		26,775
	Loss before income tax		–		(86,278	)
	Income tax expense		–		1,000
	Net loss	$	–	$	(87,278	)

NOTE_2_ACQUISITION_OF_UEC

NOTE 2: ACQUISITION OF UEC	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Business Combination Disclosure [Text Block]	'
	NOTE 2:                      ACQUISITION OF UEC
	In April 2014, the Company entered into a stock purchase agreement pursuant to the terms of which the Company purchased all of the outstanding membership interests of UEC Electronics, LLC (“UEC”) from the seller of UEC, a company owned by UEC’s two top managers (the “Acquisition”). UEC develops and manufactures electronic components and subsystems primarily for military, aerospace and industrial customers.  The Company’s management considered the purchase of UEC to be an accretive addition to the Battery and Power Systems Division.
	The Acquisition was accounted for under the acquisition method accounting. Accordingly, all assets and liabilities acquired, along with the potential $5.5 million earn out (with an estimated fair value of $4.5 million at the acquisition date) were recorded at their estimated fair market values as of the date of acquisition. The liability for the earn out was recorded in other accounts payable and accrued expenses ($2.2 million) and other long-term liabilities ($2.3 million). The fair value measurements were based on significant inputs that were not observable in the market which are Level 3 inputs in the fair value hierarchy. The results of UEC’s operations have been included in the consolidated financial statements commencing on the date of acquisition. The total consideration of $36.7 million for the membership interests purchased consisted of (i) cash in the amount of $28,000,000, (ii) 775,000 shares of the Company’s common stock, valued at $4,216,000, and (iii) contingent consideration with an estimated fair value of $4.5 million.
	Based upon an outside valuation of tangible and intangible assets acquired, the Company has allocated the total cost of the Acquisition to UEC’s net assets as follows (unaudited):
	Tangible assets acquired	$	14,471,492
	Less: Net working capital adjustment		(1,206,245	)
	Intangible assets
	Customer relationships		7,400,000
	Contracts in place (backlog)		2,100,000
	Technology		1,700,000
	IPR&D		1,500,000
	Management contract		400,000
	Goodwill (intangibles that did not qualify for separate recognition)		15,105,680
	Total asset value		41,470,927
	Less: liabilities assumed		(4,754,927	)
	Net fair value of assets acquired	$	36,716,000
	These fair value measurements are provisional based on third-party valuations that are currently under review and are subject to refinement for up to one year after the acquisition date based on additional information that may be obtained by the Company that existed as of the acquisition date.
	Intangible assets in the amount of $13.1 million have a weighted-average useful life of approximately five years.
	In accordance with FASB ASC 350, “Goodwill and Other Intangible Assets,” goodwill arising from acquisitions will not be amortized but is deductible for tax purposes. In lieu of amortization, the Company is required to perform an annual impairment test. If the Company determines, through the impairment review process, that goodwill has been impaired, it will record the impairment charge in its statement of operations. The Company will also assess the impairment of goodwill whenever events or changes in circumstances indicate that the carrying value may not be recoverable.

NOTE_3_PRO_FORMA_FINANCIAL_INF

NOTE 3: PRO FORMA FINANCIAL INFORMATION	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	'
	NOTE 3:                      PRO FORMA FINANCIAL INFORMATION
	In April 2014, the Company acquired UEC, as more fully described in “Note 2 – Acquisition of UEC,” above (the “Acquisition”). The following summary pro forma information includes the effects of the Acquisition on the operating results of the Company. The pro forma data for the nine months ended September 30, 2014 and 2013 are presented as if the Acquisition had been completed on January 1, 2013. This pro forma financial information does not purport to be indicative of the results of operations that would have occurred had the Acquisition taken place at the beginning of the period, nor do they purport to be indicative of the results of operations that will be obtained in the future.
	PRO-FORMA FINANCIAL INFORMATION
		Three Months Ended September 30,				Nine Months Ended September 30,
		2014		2013		2014		2013
	Total revenues	$	24,783,353		31,357,624		87,546,334		89,215,428
	Income – continuing operations before income tax		855,145		1,540,383		6,716,086		2,355,090
	Net income	$	378,528		1,203,975		5,860,908		1,501,850
	Basic net income per share	$	0.02		0.07		0.28		0.09
	Diluted net income per share	$	0.02		0.07		0.27		0.09
	Weighted average number of shares used in computing basic net income per share		23,137,808		16,726,602		21,256,356		16,296,974
	Weighted average number of shares used in computing diluted net income per share		23,740,548		17,329,342		21,859,096		16,899,714
	Pro forma results presented above reflect: (1) amortization relating to fair value estimates of intangible assets; (2) elimination of UEC expenses that were not part of the transaction; and (3) incremental interest expense on new long term debt incurred in connection with the transaction as though the transaction occurred as of January 1, 2013.
	Additionally, acquisition related expenses of approximately $940,000 recognized as general and administrative expenses in the three and nine months ended September 30, 2014 are reflected in the pro forma results above as though they were recognized during the three months ended March 31, 2013 and have been removed from the pro forma results for the three and nine months ended September 30, 2014.

NOTE_4_INVENTORIES

NOTE 4: INVENTORIES	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	NOTE 4:                      INVENTORIES
	Inventories are stated at the lower of cost or market value. Cost is determined using the average cost method or the FIFO method. The Company periodically evaluates the quantities on hand relative to current and historical selling prices and historical and projected sales volume. Based on these evaluations, provisions are made in each period to write down inventory to its net realizable value. Inventory write-offs are provided to cover risks arising from slow-moving items, technological obsolescence, excess inventories, and for market prices lower than cost. Inventories in continuing business segments increased, from December 31, 2013, $342,000 in the Training and Simulation Division and $295,000 in the Battery and Power Systems Division for the product required to fulfill the current backlog. Inventories are composed of the following:
		30-Sep-14		31-Dec-13
	Raw and packaging materials	$	8,207,597	$	6,761,876
	Work in progress		1,580,896		666,386
	Finished products		923,420		2,646,504
	Total:	$	10,711,913	$	10,074,766

NOTE_5_IMPACT_OF_RECENTLY_ISSU

NOTE 5: IMPACT OF RECENTLY ISSUED ACCOUNTING STANDARDS	9 Months Ended
	Sep. 30, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	'
	NOTE 5:                      IMPACT OF RECENTLY ISSUED ACCOUNTING STANDARDS
	In August 2014, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") No. 2014-15, ("ASU 2014-15"), "Disclosure of Uncertainties About an Entity's Ability to Continue as a Going Concern". ASU 2014-15 requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date the financial statements are issued and provides guidance on determining when and how to disclose going concern uncertainties in the financial statements. ASU 2014-15 applies to all entities and is effective for annual and interim reporting periods ending after December 15, 2016, with early adoption permitted. The Company does not expect that the adoption of this standard will have a material effect on its financial statements.
	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 completes the joint effort by the FASB and International Accounting Standards Board (IASB) to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and International Financial Reporting Standards (IFRS). ASU 2014-09 applies to all companies that enter into contracts with customers to transfer goods or services. ASU 2014-09 is effective for public entities for interim and annual reporting periods beginning after December 15, 2016. Early application is not permitted and entities have the choice to apply ASU 2014-09 either retrospectively to each reporting period presented or by recognizing the cumulative effect of applying ASU 2014-09 at the date of initial application and not adjusting comparative information. The Company is currently evaluating the requirements of ASU 2014-09 and has not yet determined its impact on the Company’s consolidated financial statements.
	In April 2014, the Financial Accounting Standards Board (FASB) issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360).” ASU 2014-08 amends the requirements for reporting discontinued operations and requires additional disclosures about discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations or that have a major effect on the Company’s operations and financial results should be presented as discontinued operations. ASU 2014-08 also requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income and expenses of discontinued operations. This new accounting guidance is effective for annual periods beginning after December 15, 2014. We have determined that the adoption of these changes will need to be considered in the Company’s financial condition or results of operations in the event the Company initiates any of the transactions described above.
	For information about previous new accounting pronouncements and the potential impact on the Company’s Consolidated Financial Statements, see Note 2 of the Notes to Consolidated Financial Statements in the Company’s 2013 Form 10-K.

NOTE_6_SEGMENT_INFORMATION

NOTE 6: SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	NOTE 6:                      SEGMENT INFORMATION
	a.           The Company and its subsidiaries operate primarily in two continuing business segments and follow the requirements of FASB ASC 280-10. Additionally, the two segments are also treated by the Company as reporting units for goodwill impairment testing purposes under FASB ASC 350-20-35. The goodwill amounts associated with each of these reporting units was determined and valued when the specific businesses in the reportable segment were purchased.
	The Company’s reportable operating segments have been determined in accordance with the Company’s internal management structure, which is organized based on operating activities. The accounting policies of the operating segments are the same as those used by the Company in the preparation of its annual financial statements. The Company evaluates performance based upon two primary factors, one is the segment’s operating income and the other is the segment’s contribution to the Company’s future strategic growth.
	b.           The following is information about reported segment revenues, income (losses) and total assets for the nine and three months ended September 30, 2014 and 2013:
			Training and			Battery and			Corporate			Discontinued			Total
			Simulation			Power Systems			Expenses						Company
			Division			Division
	Nine months ended September 30, 2014
	Revenues from outside customers		$	41,877,991		$	33,117,348		$	–		$	–		$	74,995,339
	Depreciation and amortization expense(1)			(558,081	)		(2,372,141	)		(15,012	)		–			(2,945,234	)
	Direct expenses(2)			(32,886,293	)		(28,229,098	)		(5,805,476	)		–			(66,920,867	)
	Segment net income (loss)		$	8,433,617		$	2,516,109		$	(5,820,488	)	$	–		$	5,129,238
	Financial expense			(32,157	)		(130,987	)		(935,611	)		–			(1,098,755	)
	Income tax expense			(101,570	)		(13,810	)		(739,798	)		–			(855,178	)
	Net income (loss)		$	8,299,890		$	2,371,312		$	(7,495,897		$	–		$	3,175,305
	Segment assets(3)		$	59,172,772		$	66,906,744		$	395,350		$	–		$	126,474,866
	Additions to long-lived assets		$	728,556		$	29,848,785		$	2,956		$	–		$	30,580,297
	Nine months ended September 30, 2013
	Revenues from outside customers		$	48,141,162		$	19,496,355		$	–		$	–		$	67,637,517
	Depreciation and amortization expense(1)			(714,621	)		(952,453	)		(21,031	)		–			(1,688,105	)
	Direct expenses(2)			(39,909,351	)		(18,104,604	)		(3,864,010	)		–			(61,877,965	)
	Segment net income (loss)		$	7,517,190		$	439,298		$	(3,885,041	)	$	–		$	4,071,447
	Financial expense			(28,801	)		(96,431	)		(350,216	)		–			(475,448	)
	Income tax expense			(231,186	)		(85,901	)		(448,875	)		–			(765,962	)
	Net income (loss) continuing operations		$	7,257,203		$	256,966		$	(4,684,132	)		–		$	$2,830,037
	Net loss discontinued operations			–			–			–			(87,278	)		(87,278	)
	Net income (loss)		$	7,257,203		$	256,966		$	(4,684,132	)	$	(87,278	)	$	2,742,759
	Segment assets(3)		$	53,793,396		$	26,791,215		$	335,623		$	71,655		$	80,991,889
	Additions to long-lived assets		$	92,243		$	1,208,328		$	–		$	–		$	1,300,571
			Training and			Battery and			Corporate			Discontinued			Total Company
			Simulation			Power Systems			Expenses
			Division			Division
	Three months ended September 30, 2014
	Revenues from outside customers		$	13,000,538		$	11,782,815		$	––		$	–		$	24,783,353
	Depreciation and amortization expense(1)			(191,066	)		(1,094,069	)		(4,574	)		–			(1,289,709	)
	Direct expenses(2)			(10,147,054	)		(10,493,007	)		(1,582,331	)		–			(22,222,392	)
	Segment net income (loss)		$	2,662,418		$	195,739		$	(1,586,905	)	$	–		$	1,271,252
	Financial expense			(14,712	)		(118,055	)		(283,340	)		–			(416,107	)
	Income tax expense			(36,059	)		(10	)		(440,548	)		–			(476,617	)
	Net income (loss)		$	2,611,647		$	77,674		$	(2,310,793	)	$	–		$	378,528
	Three months ended September 30, 2013
	Revenues from outside customers		$	17,667,054		$	5,520,490		$	–		$	–		$	23,187,544
	Depreciation and amortization expense(1)			(229,542	)		(318,535	)		(7,011	)		–			(555,088	)
	Direct expenses(2)			(14,334,738	)		(5,406,581	)		(1,520,585	)		–			(21,261,904	)
	Segment net income (loss)		$	3,102,774		$	(204,626	)	$	(1,527,596	)	$	–		$	1,370,552
	Financial expense			(11,216	)		(61,453	)		(99,900	)		–			(172,569	)
	Income tax expense			(175,534	)		(11,901	)		(149,625	)		–			(337,060	)
	Net income (loss) continuing operations		$	2,916,024		$	(277,980	)	$	(1,777,121	)	$	–		$	860,923
	Net loss discontinued operations			–			–			–			652			652
	Net income (loss)		$	2,916,024		$	(277,980	)	$	(1,777,121	)	$	652		$	861,575
	-1	Includes depreciation of property and equipment and amortization expenses of intangible assets.
	-2	Including, inter alia, sales and marketing, general and administrative.
	-3	Out of those amounts, goodwill in the Company’s Training and Simulation and Battery and Power Systems Divisions totaled $24,435,641 and $21,295,345, respectively, as of September 30, 2014 and $24,435,641 and $6,466,161, respectively, as of September 30, 2013.

NOTE_7_FAIR_VALUE_MEASUREMENT

NOTE 7: FAIR VALUE MEASUREMENT	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	NOTE 7:                      FAIR VALUE MEASUREMENT
	The carrying value of short term assets and liabilities in the accompanying condensed consolidated balance sheets for cash and cash equivalents, restricted collateral deposits, trade receivables, unbilled receivables, inventories, prepaid and other assets, trade payables, accrued expenses, deferred revenues and other liabilities as of September 30, 2014 and December 31, 2013, approximate fair value because of the short maturity of these instruments. The carrying amounts of long term debt approximates the estimated fair values at September 30, 2014, based upon the Company’s ability to acquire similar debt at similar maturities

NOTE_8_BANK_FINANCING

NOTE 8: BANK FINANCING	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	NOTE 8:                      BANK FINANCING
	The Company’s FAAC subsidiary has a $15.0 million line of credit (the “Line of Credit”) with Fifth Third Bank (the “Bank”) at a rate of LIBOR plus 3.75%, secured by the assets and receivables of FAAC and by the assets and receivables of the Company and of the Company’s subsidiary EFB. Additionally, the Company and EFB are guarantors of the Line of Credit.
	On April 1, 2014, pursuant to an Amended and Restated Credit Agreement (the “Amended Credit Agreement”), the parties to the original credit agreement (the “Original Credit Agreement”) agreed to amend the Line of Credit to add two term loans to it: an $18.0 million 61-month senior term loan at a 2014 interest rate of 3.75% over LIBOR, and a $4.5 million 61-month B term loan at a 2014 interest rate of 5.5% over LIBOR. Pursuant to a joinder agreement that took effect upon the Company’s acquisition of UEC (the “Joinder Agreement”), UEC became a party to the Amended Credit Agreement as a co-borrower with FAAC, and provided a guaranty and security substantially identical to that granted by the Company and EFB. The Company, FAAC and EFB also entered into a patent and trademark security agreement with the Bank; upon effectiveness of the Joinder Agreement, UEC executed a substantially identical agreement.
	Certain covenants contained in the Original Credit Agreement have been modified in the Amended Credit Agreement. Commencing with the fiscal quarter ending September 30, 2014, the Company’s “Fixed Charge Coverage Ratio,” determined on a combined basis with UEC and otherwise computed in the same manner as under the Original Credit Agreement, has been raised to 1.25 to 1 from 1.10 to 1. “Net Advances to Affiliates” as defined in the Original Credit Agreement are now defined with reference to FAAC or UEC, as the case may be, and may not increase by more than $5,500,000 on a combined basis for both borrowers in any calendar year over a “Base Amount” to be determined by mutual agreement of FAAC and the Bank.
	In addition, two new covenants have been added in the Amended Credit Agreement. First, UEC’s earnings before interest, taxes, depreciation and amortization with certain add-backs (“EBITDA”), computed on a stand-alone basis, may not be less than $4,500,000 for any trailing twelve-month period ending at the end of a fiscal quarter (a “Test Period”) beginning with the Test Period ending September 30, 2014 and each succeeding fiscal quarter thereafter. Second, the ratio of “Combined Funded Indebtedness” (defined as all indebtedness (a) in respect of money borrowed, (b) evidenced by a note, debenture or other like written obligation to pay money, (c) in respect of rent or hire of property under leases or lease arrangements which under GAAP are required to be capitalized or (d) in respect of obligations under conditional sales or other title retention agreements, all as determined on a combined basis for FAAC and UEC) to “Combined Adjusted EBITDA” (defined as EBITDA of FAAC and UEC computed on a combined basis) may not exceed (a) 2.25 to 1.0 for the Test Period ending September 30, 2014 or any Test Period ending as of the end of any fiscal quarter thereafter prior to the fiscal quarter ending March 31, 2015 or (b) 2.00 to 1.0 for the Test Period ending March 31, 2015 or any Test Period ending as of the end of any fiscal quarter thereafter.
	Pursuant to the requirements of the Amended Credit Agreement, the Company was required to deliver an Interest Rate Swap agreement fixing the interest rate of 1.37% on approximately $9.0 million of the outstanding term loans associated with the acquisition of UEC. Accordingly, in April 2014, the Company entered into an interest rate swap for a notional amount of $9 million. The expiration date of this interest rate swap is April 1, 2019. The unrealized $41,000 expense to date associated with this derivative has been charged to Financial Expenses and will be adjusted through Financial Expense and other accounts payable and accrued expenses as the swap matures.

NOTE_9_COMMON_STOCK_REPURCHASE

NOTE 9: COMMON STOCK REPURCHASE PROGRAM	9 Months Ended
	Sep. 30, 2014
Stock Repurchase Disclosure [Abstract]	'
Stock Repurchase Disclosure [Text Block]	'
	NOTE 9:                      COMMON STOCK REPURCHASE PROGRAM
	In February 2009, the Company’s Board of Directors authorized the repurchase of up to $1.0 million of the Company’s common stock. Through September 30, 2014, the Company repurchased 638,611 shares for a total of $869,931. The repurchase program was extended in August 2014 for an additional year and the authorization expanded to repurchase up to $2.0 million of the Company’s common stock. The program, which expires on August 11, 2015, is subject to management’s discretion.

NOTE_10_COMMON_STOCK_OFFERING

NOTE 10: COMMON STOCK OFFERING	9 Months Ended
	Sep. 30, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	NOTE 10:                      COMMON STOCK OFFERING
	In July 2014, the Company sold 2,860,000 shares of common stock in a public offering for an aggregate of $10.0 million (before underwriting discounts, commission and expenses of the offering). The following day, the Company sold an additional 429,000 shares in this public offering for an aggregate of $1.5 million (before underwriting discounts, commission and expenses of the offering).

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Organization and Business [Policy Text Block]	'
	a.           Company:
	Arotech Corporation (“Arotech”) and its wholly-owned subsidiaries (the “Company”) provide advanced battery and simulation solutions, including innovative energy management and power distribution technologies, turnkey interactive multimedia simulators/trainers, and world-class product design and manufacturing services for the aerospace, defense, law enforcement and homeland security markets. The Company operates primarily through its wholly-owned subsidiaries FAAC Incorporated (“FAAC”), based in Ann Arbor, Michigan with locations in Royal Oak, Michigan and Orlando, Florida; Electric Fuel Battery Corporation (“EFB”), based in Auburn, Alabama; Epsilor-Electric Fuel Ltd. (“Epsilor-EFL”), based in Dimona, Israel with a location in Beit Shemesh, Israel; and UEC Electronics, LLC (“UEC”), based in Hanahan, South Carolina (see also Note 2). EFB, Epsilor-EFL and UEC form the Company’s Battery and Power Systems Division. IES Interactive Training (MILO Range) and Realtime Technologies were merged with FAAC in 2007 and 2010, respectively, to create Arotech’s Training and Simulation Division. Pursuant to a management decision in the fourth quarter of 2011 and sale in 2012, the Company’s Armor Division, consisting of M.D.T. Protective Industries, Ltd., based in Lod, Israel, and MDT Armor Corporation, based in Auburn, Alabama, along with the trade name of Armour of America Incorporated, are reflected as discontinued operations.
Basis of Accounting, Policy [Policy Text Block]	'
	b.           Basis of presentation:
	The accompanying interim condensed consolidated financial statements have been prepared by Arotech Corporation in accordance with generally accepted accounting principles for interim financial information, with the instructions to Form 10-Q and with Article 10 of Regulation S-X, and include the accounts of Arotech Corporation and its subsidiaries. Certain information and footnote disclosures, normally included in complete financial statements prepared in accordance with generally accepted accounting principles, have been condensed or omitted. In the opinion of the Company, the unaudited financial statements reflect all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of its financial position at September 30, 2014, its operating results for the nine- and three month periods ended September 30, 2014 and 2013, and its cash flows for the nine month periods ended September 30, 2014 and 2013.
	The results of operations for the nine- and three months ended September 30, 2014 are not necessarily indicative of results that may be expected for any other interim period or for the full fiscal year ending December 31, 2014.
	The balance sheet at December 31, 2013 has been derived from the audited financial statements at that date but does not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	'
	c.           Accounting for stock-based compensation:
	For the nine months ended September 30, 2014 and 2013 the compensation expense recorded related to restricted stock units and restricted shares was $393,187 and $394,135, respectively. The remaining total compensation cost related to share awards not yet recognized in the statements of comprehensive income as of September 30, 2014 was $269,151. The weighted average period over which this compensation cost is expected to be recognized is approximately one and one-half years. Income tax expense was not impacted since the Company is in a net operating loss position. There were no new options issued in the first nine months of 2014 and there are no outstanding issued options. The Company’s directors received their annual restricted stock grants on April 1, 2014 in accordance with the terms of the directors’ stock compensation plan, along with a special one-time additional grant on August 12, 2014.
Reclassification, Policy [Policy Text Block]	'
	d.           Reclassification:
	Certain comparative data in these financial statements may have been reclassified to conform to the current year’s presentation.
Earnings Per Share, Policy [Policy Text Block]	'
	e.           Anti-dilutive shares for EPS calculation
	All contingent restricted stock shares have been excluded from the calculation of the basic net income per common share because all such securities are anti-dilutive for the periods presented and the Company has excluded any restricted stock or restricted stock units that will never vest under the current program. The total weighted average number of shares related to the outstanding contingent shares excluded from the calculations of basic net income per share for the three and nine-month periods ended September 30, 2014 and 2013 were 602,740 and 611,700, respectively.
Commitments and Contingencies, Policy [Policy Text Block]	'
	f.            Contingencies
	The Company is from time to time involved in legal proceedings and other claims. The Company is required to assess the likelihood of any adverse judgments or outcomes to these matters, as well as potential ranges of probable losses. The Company has not made any material changes in the accounting methodology used to establish its self-insured liabilities during the past three fiscal years.
	A determination of the amount of reserves required, if any, for any contingencies is made after careful analysis of each individual issue. The required reserves may change due to future developments in each matter or changes in approach, such as a change in the settlement strategy in dealing with any contingencies, which may result in higher net loss.
Related Party, Policy [Policy Text Block]	'
	g.           Certain relationships and related transactions
	Officer loans: On February 9, 2000, one of the Company’s officers exercised 9,404 stock options. This officer paid the exercise price of the stock options and certain taxes that the Company paid on his behalf by giving the Company a non-recourse promissory note due in 2025 in the amount of $329,163, bearing annual interest at 1% over the then-current federal funds rate announced from time to time by the Wall Street Journal, secured by the shares of the Company’s common stock acquired through the exercise of the options and certain compensation due to this officer upon termination. As of September 30, 2014, the aggregate amount outstanding pursuant to this promissory note was $908,054.
	Consulting agreement with Sampen Corporation: The Company has an amended and restated consulting agreement with Sampen Corporation that it executed in May 2013. Sampen is a New York corporation owned by members of the immediate family of one of the Company’s officers, and this officer is an employee of both the Company and of Sampen. The term of this consulting agreement is until December 31, 2015.
	Pursuant to the terms of the Company’s agreement with Sampen, Sampen provides one of its employees to the Company for such employee to serve as (i) until September 30, 2014, the Company’s President, and (ii) from October 1, 2014, as the Company’s President and Chief Executive Officer. The Company pays Sampen $8,960 per month, plus an annual bonus, on a sliding scale, in an amount equal to a minimum of 25% of Sampen’s annual base compensation then in effect if the results the Company actually attains for the year in question are 100% or more of the amount the Company budgeted at the beginning of the year, up to a maximum of 75% of Sampen’s annual base compensation then in effect if the results the Company actually attains for the year in question are 120% or more of the amount the Company budgeted at the beginning of the year. The Company also pays Sampen, to cover the cost of the Company’s use of Sampen’s offices as an ancillary New York office and the attendant expenses and insurance costs, an amount equal to 16% of each monthly payment of base compensation.
Category of Filer Policy [Policy Text Block]	'
	h.           Change in SEC filing status
	On June 30, 2014, the Company exceeded the $75.0 million public float threshold to trigger accelerated filer status with the SEC beginning in 2015. Consequently, as of January 1, 2015 the Company will no longer be a Smaller Reporting Company (SRC) and the Company’s auditors will accordingly have to provide an auditor attestation on the Company’s internal controls to be included in the Company’s Form 10-K for the year ending December 31, 2014. Such Form 10-K will continue to provide scaled SRC-level disclosures; the accelerated filer disclosures will commence in the Company’s Form 10-Q for the quarter ending March 31, 2015.
Discontinued Operations, Policy [Policy Text Block]	'
	i.            Discontinued operations
	In December 2011, the Company’s Board of Directors approved management’s plan to sell the Armor Division. On March 8, 2012, the Company signed a non-binding letter of intent to sell the division to an Israeli public company. The sale of the assets was completed in June 2012 at a cash purchase price of $50,000. Unless otherwise indicated, discontinued operations are not included in the Company’s reported results.
	The revenues and expenses of the discontinued operation are shown below.
	REVENUES AND EXPENSES – DISCONTINUED	Nine months ended September 30,
		2014		2013
	Revenues	$	–	$	1,992
	Cost of revenues, exclusive of amortization of intangibles		–		(2,458	)
	Selling and marketing expenses		–		1,340
	General and administrative expenses		–		116,163
	Total operating costs and expenses		–		115,045
	Operating loss		–		(113,053	)
	Other income		–		83,957
	Financial income, net		–		(57,182	)
	Total other income (expense)		–		26,775
	Loss before income tax		–		(86,278	)
	Income tax expense		–		1,000
	Net loss	$	–	$	(87,278	)

Cash_Flow_Supplemental_Disclos1

Cash Flow, Supplemental Disclosures (Tables)	9 Months Ended
	Sep. 30, 2014
Supplemental Cash Flow Elements [Abstract]	'
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	'On April 1, 2014, the Company acquired all of the outstanding membership interests of UEC Electronics, LLC (“UEC”). The cash portion of the transaction is summarized as follows:
	New long term debt	$	22,500,000
	Cash		5,500,000
	Net working capital adjustment (paid in May 2014)		1,206,245
	Cash acquired		(92,590	)
	Total	$	29,113,655

NOTE_1_BASIS_OF_PRESENTATION_T

NOTE 1: BASIS OF PRESENTATION (Tables)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	'The revenues and expenses of the discontinued operation are shown below.
	REVENUES AND EXPENSES – DISCONTINUED	Nine months ended September 30,
		2014		2013
	Revenues	$	–	$	1,992
	Cost of revenues, exclusive of amortization of intangibles		–		(2,458	)
	Selling and marketing expenses		–		1,340
	General and administrative expenses		–		116,163
	Total operating costs and expenses		–		115,045
	Operating loss		–		(113,053	)
	Other income		–		83,957
	Financial income, net		–		(57,182	)
	Total other income (expense)		–		26,775
	Loss before income tax		–		(86,278	)
	Income tax expense		–		1,000
	Net loss	$	–	$	(87,278	)

NOTE_2_ACQUISITION_OF_UEC_Tabl

NOTE 2: ACQUISITION OF UEC (Tables) (UEC Electronics, LLC Acquisition [Member])	9 Months Ended
	Sep. 30, 2014
UEC Electronics, LLC Acquisition [Member]	'
NOTE 2: ACQUISITION OF UEC (Tables) [Line Items]	'
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	'Based upon an outside valuation of tangible and intangible assets acquired, the Company has allocated the total cost of the Acquisition to UEC’s net assets as follows (unaudited):
	Tangible assets acquired	$	14,471,492
	Less: Net working capital adjustment		(1,206,245	)
	Intangible assets
	Customer relationships		7,400,000
	Contracts in place (backlog)		2,100,000
	Technology		1,700,000
	IPR&D		1,500,000
	Management contract		400,000
	Goodwill (intangibles that did not qualify for separate recognition)		15,105,680
	Total asset value		41,470,927
	Less: liabilities assumed		(4,754,927	)
	Net fair value of assets acquired	$	36,716,000

NOTE_3_PRO_FORMA_FINANCIAL_INF1

NOTE 3: PRO FORMA FINANCIAL INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Business Acquisition, Pro Forma Information [Table Text Block]	'In April 2014, the Company acquired UEC, as more fully described in “Note 2 – Acquisition of UEC,” above (the “Acquisition”). The following summary pro forma information includes the effects of the Acquisition on the operating results of the Company. The pro forma data for the nine months ended September 30, 2014 and 2013 are presented as if the Acquisition had been completed on January 1, 2013. This pro forma financial information does not purport to be indicative of the results of operations that would have occurred had the Acquisition taken place at the beginning of the period, nor do they purport to be indicative of the results of operations that will be obtained in the future.
	PRO-FORMA FINANCIAL INFORMATION
		Three Months Ended September 30,				Nine Months Ended September 30,
		2014		2013		2014		2013
	Total revenues	$	24,783,353		31,357,624		87,546,334		89,215,428
	Income – continuing operations before income tax		855,145		1,540,383		6,716,086		2,355,090
	Net income	$	378,528		1,203,975		5,860,908		1,501,850
	Basic net income per share	$	0.02		0.07		0.28		0.09
	Diluted net income per share	$	0.02		0.07		0.27		0.09
	Weighted average number of shares used in computing basic net income per share		23,137,808		16,726,602		21,256,356		16,296,974
	Weighted average number of shares used in computing diluted net income per share		23,740,548		17,329,342		21,859,096		16,899,714

NOTE_4_INVENTORIES_Tables

NOTE 4: INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'Inventories are composed of the following:
		30-Sep-14		31-Dec-13
	Raw and packaging materials	$	8,207,597	$	6,761,876
	Work in progress		1,580,896		666,386
	Finished products		923,420		2,646,504
	Total:	$	10,711,913	$	10,074,766

NOTE_6_SEGMENT_INFORMATION_Tab

NOTE 6: SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'The following is information about reported segment revenues, income (losses) and total assets for the nine and three months ended September 30, 2014 and 2013:
			Training and			Battery and			Corporate			Discontinued			Total
			Simulation			Power Systems			Expenses						Company
			Division			Division
	Nine months ended September 30, 2014
	Revenues from outside customers		$	41,877,991		$	33,117,348		$	–		$	–		$	74,995,339
	Depreciation and amortization expense(1)			(558,081	)		(2,372,141	)		(15,012	)		–			(2,945,234	)
	Direct expenses(2)			(32,886,293	)		(28,229,098	)		(5,805,476	)		–			(66,920,867	)
	Segment net income (loss)		$	8,433,617		$	2,516,109		$	(5,820,488	)	$	–		$	5,129,238
	Financial expense			(32,157	)		(130,987	)		(935,611	)		–			(1,098,755	)
	Income tax expense			(101,570	)		(13,810	)		(739,798	)		–			(855,178	)
	Net income (loss)		$	8,299,890		$	2,371,312		$	(7,495,897		$	–		$	3,175,305
	Segment assets(3)		$	59,172,772		$	66,906,744		$	395,350		$	–		$	126,474,866
	Additions to long-lived assets		$	728,556		$	29,848,785		$	2,956		$	–		$	30,580,297
	Nine months ended September 30, 2013
	Revenues from outside customers		$	48,141,162		$	19,496,355		$	–		$	–		$	67,637,517
	Depreciation and amortization expense(1)			(714,621	)		(952,453	)		(21,031	)		–			(1,688,105	)
	Direct expenses(2)			(39,909,351	)		(18,104,604	)		(3,864,010	)		–			(61,877,965	)
	Segment net income (loss)		$	7,517,190		$	439,298		$	(3,885,041	)	$	–		$	4,071,447
	Financial expense			(28,801	)		(96,431	)		(350,216	)		–			(475,448	)
	Income tax expense			(231,186	)		(85,901	)		(448,875	)		–			(765,962	)
	Net income (loss) continuing operations		$	7,257,203		$	256,966		$	(4,684,132	)		–		$	$2,830,037
	Net loss discontinued operations			–			–			–			(87,278	)		(87,278	)
	Net income (loss)		$	7,257,203		$	256,966		$	(4,684,132	)	$	(87,278	)	$	2,742,759
	Segment assets(3)		$	53,793,396		$	26,791,215		$	335,623		$	71,655		$	80,991,889
	Additions to long-lived assets		$	92,243		$	1,208,328		$	–		$	–		$	1,300,571
			Training and			Battery and			Corporate			Discontinued			Total Company
			Simulation			Power Systems			Expenses
			Division			Division
	Three months ended September 30, 2014
	Revenues from outside customers		$	13,000,538		$	11,782,815		$	––		$	–		$	24,783,353
	Depreciation and amortization expense(1)			(191,066	)		(1,094,069	)		(4,574	)		–			(1,289,709	)
	Direct expenses(2)			(10,147,054	)		(10,493,007	)		(1,582,331	)		–			(22,222,392	)
	Segment net income (loss)		$	2,662,418		$	195,739		$	(1,586,905	)	$	–		$	1,271,252
	Financial expense			(14,712	)		(118,055	)		(283,340	)		–			(416,107	)
	Income tax expense			(36,059	)		(10	)		(440,548	)		–			(476,617	)
	Net income (loss)		$	2,611,647		$	77,674		$	(2,310,793	)	$	–		$	378,528
	Three months ended September 30, 2013
	Revenues from outside customers		$	17,667,054		$	5,520,490		$	–		$	–		$	23,187,544
	Depreciation and amortization expense(1)			(229,542	)		(318,535	)		(7,011	)		–			(555,088	)
	Direct expenses(2)			(14,334,738	)		(5,406,581	)		(1,520,585	)		–			(21,261,904	)
	Segment net income (loss)		$	3,102,774		$	(204,626	)	$	(1,527,596	)	$	–		$	1,370,552
	Financial expense			(11,216	)		(61,453	)		(99,900	)		–			(172,569	)
	Income tax expense			(175,534	)		(11,901	)		(149,625	)		–			(337,060	)
	Net income (loss) continuing operations		$	2,916,024		$	(277,980	)	$	(1,777,121	)	$	–		$	860,923
	Net loss discontinued operations			–			–			–			652			652
	Net income (loss)		$	2,916,024		$	(277,980	)	$	(1,777,121	)	$	652		$	861,575
	-1	Includes depreciation of property and equipment and amortization expenses of intangible assets.
	-2	Including, inter alia, sales and marketing, general and administrative.
	-3	Out of those amounts, goodwill in the Company’s Training and Simulation and Battery and Power Systems Divisions totaled $24,435,641 and $21,295,345, respectively, as of September 30, 2014 and $24,435,641 and $6,466,161, respectively, as of September 30, 2013.

Cash_Flow_Supplemental_Disclos2

Cash Flow, Supplemental Disclosures (Details) - Schedule of Cash Flow, Supplemental Disclosures (USD $)	9 Months Ended		1 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Apr. 30, 2014	Sep. 30, 2014
			UEC Electronics, LLC Acquisition [Member]	UEC Electronics, LLC Acquisition [Member]
Cash Flow, Supplemental Disclosures (Details) - Schedule of Cash Flow, Supplemental Disclosures [Line Items]	'	'	'	'
New long term debt	'	'	'	$22,500,000
Cash	'	'	28,000,000	5,500,000
Net working capital adjustment (paid in May 2014)	'	'	'	1,206,245
Cash acquired	'	'	'	-92,590
Total	$29,113,655	$0	'	$29,113,655

NOTE_1_BASIS_OF_PRESENTATION_D

NOTE 1: BASIS OF PRESENTATION (Details) (USD $)

1 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

Jun. 30, 2012

Sep. 30, 2014

Sep. 30, 2013

Feb. 09, 2000

Feb. 09, 2000

Sep. 30, 2014

31-May-13

31-May-13

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Officer [Member]

Officer [Member]

Officer [Member]

Immediate Family Member of Management or Principal Owner [Member]

Immediate Family Member of Management or Principal Owner [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Federal Funds Effective Swap Rate [Member]

Monthly Salary [Member]

NOTE 1: BASIS OF PRESENTATION (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation

'

$393,187

$394,135

'

'

'

'

'

'

'

'

'

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized

'

269,151

'

'

'

'

'

'

'

'

'

'

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

'

'2 years

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)

'

0

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares)

'

0

'

'

'

'

'

'

'

'

'

'

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)

'

'

'

'

'

'

'

'

602,740

611,700

602,740

611,700

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in Shares)

'

'

'

'

9,404

'

'

'

'

'

'

'

Debt Instrument, Maturity Date, Description

'

'

'

'

'This officer paid the exercise price of the stock options and certain taxes that the Company paid on his behalf by giving the Company a non-recourse promissory note due in 2025 in the amount of $329,163, bearing annual interest at 1% over the then-current federal funds rate announced from time to time by the Wall Street Journal, secured by the shares of the Company’s common stock acquired through the exercise of the options and certain compensation due to this officer upon termination.

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

'

329,163

'

'

'

'

'

'

'

Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate

'

'

'

1.00%

'

'

'

'

'

'

'

'

Notes Payable, Related Parties, Noncurrent

'

'

'

'

'

908,054

'

'

'

'

'

'

Other Commitment

'

'

'

'

'

'

8,960

'

'

'

'

'

Other Commitments, Description

'

'

'

'

'

'

'

'plus an annual bonus, on a sliding scale, in an amount equal to a minimum of 25% of Sampen’s annual base compensation then in effect if the results the Company actually attains for the year in question are 100% or more of the amount the Company budgeted at the beginning of the year, up to a maximum of 75% of Sampen’s annual base compensation then in effect if the results the Company actually attains for the year in question are 120% or more of the amount the Company budgeted at the beginning of the year. The Company also pays Sampen, to cover the cost of the Company’s use of Sampen’s offices as an ancillary New York office and the attendant expenses and insurance costs, an amount equal to 16% of each monthly payment of base compensation.

'

'

'

'

Public Float Threshold for Accelerated Filer Status

'

75,000,000

'

'

'

'

'

'

'

'

'

'

Proceeds from Sales of Business, Affiliate and Productive Assets

$50,000

'

'

'

'

'

'

'

'

'

'

'

NOTE_1_BASIS_OF_PRESENTATION_D1

NOTE 1: BASIS OF PRESENTATION (Details) - Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Abstract]	'	'	'
Revenues	'	$0	$1,992
Cost of revenues, exclusive of amortization of intangibles	'	0	-2,458
Selling and marketing expenses	'	0	1,340
General and administrative expenses	'	0	116,163
Total operating costs and expenses	'	0	115,045
Operating loss	'	0	-113,053
Other income	'	0	83,957
Financial income, net	'	0	-57,182
Total other income (expense)	'	0	26,775
Loss before income tax	'	0	-86,278
Income tax expense	'	0	1,000
Net loss	$652	$0	($87,278)

NOTE_2_ACQUISITION_OF_UEC_Deta

NOTE 2: ACQUISITION OF UEC (Details) (USD $)	9 Months Ended		1 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Apr. 30, 2014	Sep. 30, 2014	Apr. 01, 2014
			UEC Electronics, LLC Acquisition [Member]	UEC Electronics, LLC Acquisition [Member]	UEC Electronics, LLC Acquisition [Member]
NOTE 2: ACQUISITION OF UEC (Details) [Line Items]	'	'	'	'	'
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	'	'	$5,500,000	'	'
Business Combination, Assets and Liabilities Arising from Contingencies, Amount Recognized, Net	'	'	4,500,000	'	'
Business Combination, Contingent Consideration, Liability, Current	'	'	2,200,000	'	'
Business Combination, Contingent Consideration, Liability, Noncurrent	'	'	2,300,000	'	'
Business Combination, Consideration Transferred	'	'	36,700,000	'	'
Payments to Acquire Businesses, Gross	'	'	28,000,000	5,500,000	'
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares)	'	'	775,000	'	'
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	4,216,000	0	4,216,000	'	'
Business Combination, Contingent Consideration, Liability	'	'	4,500,000	'	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	'	'	'	'	$13,100,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	'	'	'5 years	'	'

NOTE_2_ACQUISITION_OF_UEC_Deta1

NOTE 2: ACQUISITION OF UEC (Details) - Schedule of Business Acquistions, By Acquisition (USD $)	Sep. 30, 2014	Dec. 31, 2013
Business Acquisition [Line Items]	'	'
Goodwill (intangibles that did not qualify for separate recognition)	$45,730,986	$31,024,754
Customer Relationships [Member] | UEC Electronics, LLC Acquisition [Member]	'	'
Business Acquisition [Line Items]	'	'
Intangible Assets	7,400,000	'
Contract-Based Intangible Assets [Member] | UEC Electronics, LLC Acquisition [Member]	'	'
Business Acquisition [Line Items]	'	'
Intangible Assets	2,100,000	'
Technology-Based Intangible Assets [Member] | UEC Electronics, LLC Acquisition [Member]	'	'
Business Acquisition [Line Items]	'	'
Intangible Assets	1,700,000	'
In Process Research and Development [Member] | UEC Electronics, LLC Acquisition [Member]	'	'
Business Acquisition [Line Items]	'	'
Intangible Assets	1,500,000	'
Employment Contracts [Member] | UEC Electronics, LLC Acquisition [Member]	'	'
Business Acquisition [Line Items]	'	'
Intangible Assets	400,000	'
UEC Electronics, LLC Acquisition [Member]	'	'
Business Acquisition [Line Items]	'	'
Tangible assets acquired	14,471,492	'
Less: Net working capital adjustment	-1,206,245	'
Goodwill (intangibles that did not qualify for separate recognition)	15,105,680	'
Total asset value	41,470,927	'
Less: liabilities assumed	-4,754,927	'
Net fair value of assets acquired	$36,716,000	'

NOTE_3_PRO_FORMA_FINANCIAL_INF2

NOTE 3: PRO FORMA FINANCIAL INFORMATION (Details) (UEC Electronics, LLC Acquisition [Member], USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
UEC Electronics, LLC Acquisition [Member]	'	'
NOTE 3: PRO FORMA FINANCIAL INFORMATION (Details) [Line Items]	'	'
Acquisition Costs, Period Cost	$940,000	$940,000

NOTE_3_PRO_FORMA_FINANCIAL_INF3

NOTE 3: PRO FORMA FINANCIAL INFORMATION (Details) - Business Acquisition, Pro Forma Information (UEC Electronics, LLC Acquisition [Member], USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
UEC Electronics, LLC Acquisition [Member]	'	'	'	'
NOTE 3: PRO FORMA FINANCIAL INFORMATION (Details) - Business Acquisition, Pro Forma Information [Line Items]	'	'	'	'
Total revenues	$24,783,353	$31,357,624	$87,546,334	$89,215,428
Income b continuing operations before income tax	855,145	1,540,383	6,716,086	2,355,090
Net income	$378,528	$1,203,975	$5,860,908	$1,501,850
Basic net income per share (in Dollars per share)	$0.02	$0.07	$0.28	$0.09
Diluted net income per share (in Dollars per share)	$0.02	$0.07	$0.27	$0.09
Weighted average number of shares used in computing basic net income per share (in Shares)	23,137,808	16,726,602	21,256,356	16,296,974
Weighted average number of shares used in computing diluted net income per share (in Shares)	23,740,548	17,329,342	21,859,096	16,899,714

NOTE_4_INVENTORIES_Details

NOTE 4: INVENTORIES (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
NOTE 4: INVENTORIES (Details) [Line Items]	'	'
Increase (Decrease) in Inventories	$90,303	$509,479
Training and Simulation Division [Member]	'	'
NOTE 4: INVENTORIES (Details) [Line Items]	'	'
Increase (Decrease) in Inventories	342,000	'
Battery and Power Systems Division [Member]	'	'
NOTE 4: INVENTORIES (Details) [Line Items]	'	'
Increase (Decrease) in Inventories	$295,000	'

NOTE_4_INVENTORIES_Details_Sch

NOTE 4: INVENTORIES (Details) - Schedule of Inventory (USD $)	Sep. 30, 2014	Dec. 31, 2013
Schedule of Inventory [Abstract]	'	'
Raw and packaging materials	$8,207,597	$6,761,876
Work in progress	1,580,896	666,386
Finished products	923,420	2,646,504
Total:	$10,711,913	$10,074,766

NOTE_6_SEGMENT_INFORMATION_Det

NOTE 6: SEGMENT INFORMATION (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
			Training and Simulation Division [Member]	Training and Simulation Division [Member]	Battery and Power Systems Division [Member]	Battery and Power Systems Division [Member]
NOTE 6: SEGMENT INFORMATION (Details) [Line Items]	'	'	'	'	'	'
Number of Operating Segments	2	'	'	'	'	'
Number of Reportable Segments	2	'	'	'	'	'
Goodwill	$45,730,986	$31,024,754	$24,435,641	$24,435,641	$21,295,345	$6,466,161

NOTE_6_SEGMENT_INFORMATION_Det1

NOTE 6: SEGMENT INFORMATION (Details) - Schedule of Segment Reporting Information (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013		Dec. 31, 2013
Segment Reporting Information [Line Items]	'		'		'		'		'
Revenues from outside customers	$24,783,353		$23,187,544		$74,995,339		$67,637,517		'
Depreciation and amortization expense	-1,289,709	[1]	-555,088	[1]	-2,945,234	[1]	-1,688,105	[1]	'
Direct expenses	-22,222,392	[2]	-21,261,904		-66,920,867	[2]	-61,877,965	[2]	'
Segment net income (loss)	1,271,252		1,370,552		5,129,238		4,071,447		'
Financial income (expense)	-416,107		-172,569		-1,098,755		-475,448		'
Income tax expense	-476,617		-337,060		-855,178		-765,962		'
Net income (loss) continuing operations	378,528		860,923		3,175,305		2,830,037		'
Net loss discontinued operations	'		652		0		-87,278		'
Net income (loss)	378,528		861,575		3,175,305		2,742,759		'
Segment assets	126,474,866	[3]	80,991,889	[3]	126,474,866	[3]	80,991,889	[3]	80,654,642
Additions to long-lived assets	'		'		30,580,297		1,300,571		'
Training and Simulation Division [Member]	'		'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'		'
Revenues from outside customers	13,000,538		17,667,054		41,877,991		48,141,162		'
Depreciation and amortization expense	-191,066	[1]	-229,542	[1]	-558,081	[1]	-714,621	[1]	'
Direct expenses	-10,147,054	[2]	-14,334,738	[2]	-32,886,293	[2]	-39,909,351	[2]	'
Segment net income (loss)	2,662,418		3,102,774		8,433,617		7,517,190		'
Financial income (expense)	-14,712		-11,216		-32,157		-28,801		'
Income tax expense	-36,059		-175,534		-101,570		-231,186		'
Net income (loss) continuing operations	'		2,916,024		'		7,257,203		'
Net loss discontinued operations	'		0		'		0		'
Net income (loss)	2,611,647		2,916,024		8,299,890		7,257,203		'
Segment assets	59,172,772	[3]	53,793,396	[3]	59,172,772	[3]	53,793,396	[3]	'
Additions to long-lived assets	'		'		728,556		92,243		'
Battery and Power Systems Division [Member]	'		'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'		'
Revenues from outside customers	11,782,815		5,520,490		33,117,348		19,496,355		'
Depreciation and amortization expense	-1,094,069	[1]	-318,535	[1]	-2,372,141	[1]	-952,453	[1]	'
Direct expenses	-10,493,007	[2]	-5,406,581	[2]	-28,229,098	[2]	-18,104,604	[2]	'
Segment net income (loss)	195,739		-204,626		2,516,109		439,298		'
Financial income (expense)	-118,055		-61,453		-130,987		-96,431		'
Income tax expense	-10		-11,901		-13,810		-85,901		'
Net income (loss) continuing operations	'		-277,980		'		256,966		'
Net loss discontinued operations	'		0		'		0		'
Net income (loss)	77,674		-277,980		2,371,312		256,966		'
Segment assets	66,906,744	[3]	26,791,215	[3]	66,906,744	[3]	26,791,215	[3]	'
Additions to long-lived assets	'		'		29,848,785		1,208,328		'
Corporate Segment [Member]	'		'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'		'
Revenues from outside customers	0		0		0		0		'
Depreciation and amortization expense	-4,574	[1]	-7,011	[1]	-15,012	[1]	-21,031	[1]	'
Direct expenses	-1,582,331	[2]	-1,520,585	[2]	-5,805,476	[2]	-3,864,010	[2]	'
Segment net income (loss)	-1,586,905		-1,527,596		-5,820,488		-3,885,041		'
Financial income (expense)	-283,340		-99,900		-935,611		-350,216		'
Income tax expense	-440,548		-149,625		-739,798		-448,875		'
Net income (loss) continuing operations	'		-1,777,121		'		-4,684,132		'
Net loss discontinued operations	'		0		'		0		'
Net income (loss)	-2,310,793		-1,777,121		7,495,897		-4,684,132		'
Segment assets	395,350	[3]	335,623	[3]	395,350	[3]	335,623	[3]	'
Additions to long-lived assets	'		'		2,956		0		'
Other Segments [Member]	'		'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'		'
Revenues from outside customers	0		0		0		0		'
Depreciation and amortization expense	0	[1]	0	[1]	0	[1]	0	[1]	'
Direct expenses	0	[2]	0	[2]	0	[2]	0	[2]	'
Segment net income (loss)	0		0		0		0		'
Financial income (expense)	0		0		0		0		'
Income tax expense	0		0		0		0		'
Net income (loss) continuing operations	'		0		'		0		'
Net loss discontinued operations	'		652		'		-87,278		'
Net income (loss)	0		652		0		-87,278		'
Segment assets	0	[3]	71,655	[3]	0	[3]	71,655	[3]	'
Additions to long-lived assets	'		'		$0		$0		'
[1]	Includes depreciation of property and equipment and amortization expenses of intangible assets.
[2]	Including, inter alia, sales and marketing, general and administrative.
[3]	Out of those amounts, goodwill in the Company's Training and Simulation and Battery and Power Systems Divisions totaled $24,435,641 and $21,295,345, respectively, as of September 30, 2014 and $24,435,641 and $6,466,161, respectively, as of September 30, 2013.

NOTE_8_BANK_FINANCING_Details

NOTE 8: BANK FINANCING (Details) (USD $)	1 Months Ended		9 Months Ended	1 Months Ended		1 Months Ended
	Apr. 30, 2014	Apr. 30, 2014	Sep. 30, 2014	Apr. 30, 2014	Sep. 30, 2014	Apr. 30, 2014	Apr. 30, 2014	Apr. 30, 2014	Apr. 30, 2014
	Interest Rate Swap [Member]	Line of Credit [Member]	Line of Credit [Member]	Line of Credit [Member]	Line of Credit [Member]	Senior Notes [Member]	Senior Notes [Member]	Medium-term Notes [Member]	Medium-term Notes [Member]
	Line of Credit [Member]	UEC Electronics, LLC Acquisition [Member]	London Interbank Offered Rate (LIBOR) [Member]			London Interbank Offered Rate (LIBOR) [Member]		London Interbank Offered Rate (LIBOR) [Member]
NOTE 8: BANK FINANCING (Details) [Line Items]	'	'	'	'	'	'	'	'	'
Line of Credit Facility, Maximum Borrowing Capacity	'	'	'	'	$15,000,000	'	'	'	'
Debt Instrument, Basis Spread on Variable Rate	'	'	3.75%	'	'	3.75%	'	5.50%	'
Debt Instrument, Face Amount	'	'	'	'	'	'	18,000,000	'	4,500,000
Debt Instrument, Term	'	'	'	'	'	'	'61 months	'	'61 months
Debt Instrument, Covenant Description	'	'	'	'Commencing with the fiscal quarter ending September 30, 2014, the Company’s “Fixed Charge Coverage Ratio,” determined on a combined basis with UEC and otherwise computed in the same manner as under the Original Credit Agreement, has been raised to 1.25 to 1 from 1.10 to 1.	'	'	'	'	'
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases	'	5,500,000	'	'	'	'	'	'	'
Line of Credit Facility, Covenant Terms	'	'	'	'In addition, two new covenants have been added in the Amended Credit Agreement. First, UEC’s earnings before interest, taxes, depreciation and amortization with certain add-backs (“EBITDA”), computed on a stand-alone basis, may not be less than $4,500,000 for any trailing twelve-month period ending at the end of a fiscal quarter (a “Test Period”) beginning with the Test Period ending September 30, 2014 and each succeeding fiscal quarter thereafter. Second, the ratio of “Combined Funded Indebtedness” (defined as all indebtedness (a) in respect of money borrowed, (b) evidenced by a note, debenture or other like written obligation to pay money, (c) in respect of rent or hire of property under leases or lease arrangements which under GAAP are required to be capitalized or (d) in respect of obligations under conditional sales or other title retention agreements, all as determined on a combined basis for FAAC and UEC) to “Combined Adjusted EBITDA” (defined as EBITDA of FAAC and UEC computed on a combined basis) may not exceed (a) 2.25 to 1.0 for the Test Period ending September 30, 2014 or any Test Period ending as of the end of any fiscal quarter thereafter prior to the fiscal quarter ending March 31, 2015 or (b) 2.00 to 1.0 for the Test Period ending March 31, 2015 or any Test Period ending as of the end of any fiscal quarter thereafter.	'	'	'	'	'
Derivative, Swaption Interest Rate	1.37%	'	'	'	'	'	'	'	'
Derivative, Amount of Hedged Item	9,000,000	'	'	'	'	'	'	'	'
Derivative, Maturity Date	1-Apr-19	'	'	'	'	'	'	'	'
Derivative Liability	$41,000	'	'	'	'	'	'	'	'

NOTE_9_COMMON_STOCK_REPURCHASE1

NOTE 9: COMMON STOCK REPURCHASE PROGRAM (Details) (USD $)	68 Months Ended
	Sep. 30, 2014	Aug. 31, 2014	Feb. 28, 2009
Stock Repurchase Disclosure [Abstract]	'	'	'
Stock Repurchase Program, Authorized Amount	'	$2,000,000	$1,000,000
Stock Repurchased During Period, Shares (in Shares)	638,611	'	'
Stock Repurchased During Period, Value	$869,931	'	'

NOTE_10_COMMON_STOCK_OFFERING_

NOTE 10: COMMON STOCK OFFERING (Details) (USD $)	1 Months Ended	9 Months Ended
	Jul. 31, 2014	Sep. 30, 2014	Sep. 30, 2013
NOTE 10: COMMON STOCK OFFERING (Details) [Line Items]	'	'	'
Proceeds from Issuance of Common Stock	$1,500,000	$10,698,173	$5,461,999
Equity Issuance 1 [Member]	'	'	'
NOTE 10: COMMON STOCK OFFERING (Details) [Line Items]	'	'	'
Stock Issued During Period, Value, New Issues	2,860,000	'	'
Proceeds from Issuance of Common Stock	10,000,000	'	'
Equity Issuance 2 [Member]	'	'	'
NOTE 10: COMMON STOCK OFFERING (Details) [Line Items]	'	'	'
Stock Issued During Period, Value, New Issues	$429,000	'	'