TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2014

TAXES ON INCOME [Abstract]

Schedule of Deferred Tax Assets

The components of the Company's net deferred tax assets at December 31, 2013 and 2014 were as follows:

	December 31,
(U.S. dollars in thousands)	2013			2014
In respect of:
Research and development expenses	$	5,257		$	3,136
Property and equipment		(491	)		(372	)
Provision for vacation		417			374
Severance pay obligation		209			185
Deferred revenues		9,867			8,658
Net operating loss carry forwards		23,167			28,130
Valuation allowance		(38,426	)		(40,111	)
		-			-

Schedule of Open Tax Years

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

Jurisdiction:	Years:
Israel	2011-2014
United States (*)	2010-2014

 

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