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Other Long-term Liabilities
12 Months Ended
Dec. 31, 2015
Other Liabilities Disclosure [Abstract]  
Other Long-term Liabilities

Note 11: Other long-term liabilities

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

Deferred rent liability

 

$

785

 

 

$

590

 

Leasehold improvements financing and other

   (see a and b below)

 

 

254

 

 

 

321

 

Unrecognized tax benefits (Note 13e)

 

 

1,565

 

 

 

308

 

Provision for settlement (Note 14c)

 

 

-

 

 

 

867

 

Other

 

 

131

 

 

 

-

 

 

 

$

2,735

 

 

$

2,086

 

 

a. In July 2013, the Company entered into a loan agreement with the landlord of its facility in Switzerland whereby the landlord will offer a loan of up to CHF 400 for the purpose of financing leasehold improvements in the facility. As of December 31, 2015 and 2014, the Company received  CHF 220 ($232) of this financing. The principal and interest is due in monthly payments from January 1, 2014 through December 31, 2018 and bears an annual interest of 5%.

b. In May 2013 and January 2014, the Company entered into an agreement with the landlord of one of its facilities in the U.S. and an agreement with a leasing company of $226 for the purpose of financing leasehold improvements in the facility and a lease of machinery, respectively. The loan and interest is due in monthly payments from June 1, 2013 through May 1, 2023 and bears an annual interest of 7%.

The above principal leasehold improvement financing repayments as of December 31, 2015 are as follows:

 

2016

 

$

63

 

2017

 

 

69

 

2018

 

 

73

 

2019

 

 

23

 

2020

 

 

24

 

Thereafter

 

 

65

 

 

 

 

317

 

Less: current portion of long-term loans

 

 

(63

)

Long-term loans, net of current portion

 

$

254