TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2015

TAXES ON INCOME [Abstract]

Schedule of Deferred Tax Assets

The components of the Company’s net deferred tax assets at December 31, 2014 and 2015 were as follows:

	December 31,
(U.S. dollars in thousands)	2014		2015
In respect of:
Research and development expenses	$	3,136	$	3,235
Property and equipment		(372)		(168)
Provision for vacation		374		352
Severance pay obligation		185		169
Deferred revenues		8,658		-
Net operating loss carry forwards		28,130		33,451
Valuation allowance		(40,111)		(37,039)
		-		-

Schedule of Open Tax Years

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

Jurisdiction:	Years:
Israel	2012-2015
United States (*)	2012-2015

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