TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2013

TAXES ON INCOME [Abstract]

Schedule of Deferred Tax Assets

The components of the Company's net deferred tax assets at December 31, 2012 and 2013 were as follows:

	December 31,
(U.S. dollars in thousands)	2012			2013
In respect of:
Research and development expenses	$	6,003			5,257
Property and equipment		(647	)		(491	)
Provision for vacation		363			417
Severance pay obligation		192			209
Deferred revenues		10,449			9,867
Net operating loss carry forwards		15,176			23,167
Valuation allowance		(31,536	)		(38,426	)
		-			-

Schedule of Open Tax Years

A summary of open tax years by major jurisdiction is presented below:

Jurisdiction:	Years:
Israel	2010-2013
United States (*)	2009-2013
Netherlands	2009-2013

(*) Includes federal, state and local (or similar provincial jurisdictions) tax positions.