PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

PROPERTY, PLANT AND EQUIPMENT [Abstract]

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

Composition of assets, grouped by major classifications, is as follows:

	December 31,
	2014			2013
	($ in thousands)
Cost:
Computer equipment	$	242		$	199
Office furniture and equipment		110			90
Machinery and equipment		951			891
Leasehold improvements		194			184
		1,497			1,364
Less - accumulated depreciation and amortization		(875	)		(712	)
Net carrying amount	$	622		$	652

Depreciation and amortization expenses totaled approximately $163,000 for the year ended December 31, 2014, $78,000 for the six month period ended December 31, 2013 and approximately $162,000 and $120,000 for the years ended June 30, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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