Accrued Liabilities

12 Months Ended

Dec. 31, 2014

Payables and Accruals [Abstract]

Accrued Liabilities

NOTE 7 - ACCRUED LIABILITIES

Accrued expenses as of December 31, consisted of the following (in thousands):

	2014		2013
Accrued payroll and benefits	$	834	$	1,136
Retirement reserve (see note 16)		521		455
Advance payments from customers, current portion		758		694
Warranty reserve		581		675
Foreign currency exposure provision		414		321
Accrued taxes (other than income taxes)		486		125
Accrued engineering contract costs		244		501
Research & Development grant reclaim accrual (see note 20)		62		-
Other accrued expenses		524		352
Total accrued expenses	$	4,424	$	4,259

No other individual item represented more than 5% of total current liabilities.