Document and Entity Information
12 Months Ended
Dec. 31, 2013
Document and Entity Information [Abstract]  
Document Type 20-F
Amendment Flag false
Document Period End Date Dec. 31, 2013
Entity Central Index Key 0001005516
Current Fiscal Year End Date --12-31
Document Fiscal Period Focus FY
Document Fiscal Year Focus 2013
Entity Filer Category Non-accelerated Filer
Entity Common Stock, Shares Outstanding 1,258,245
Entity Current Reporting Status Yes
Entity Well-known Seasoned Issuer No
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Cash and cash equivalents $ 1,005 $ 354
Trade receivables (net of allowance for doubtful accounts of $ 148 and $ 127 at December 31, 2013 and 2012, respectively) 8,137 8,007
Other accounts receivable and prepaid expenses 819 616
Inventories 3,718 3,160
Total current assets 13,679 12,137
Severance pay fund 26 21
Restricted bank deposits 486 438
Other assets 9 11
Total long-term assets 521 470
GOODWILL 4,122 4,122
Total assets 19,187 18,049
Short-term bank loans 5,426 5,959
Current maturities of long term loans 498 424
Trade payables 6,232 4,915
Employees and payroll accruals 433 408
Deferred revenues 639 467
Current maturities of liability related to the Dimex acquisition 428 136
Accrued expenses and other liabilities 523 567
Total current liabilities 14,179 12,876
Long-term bank loans, net of current maturities 781 1,188
Accrued severance pay 159 119
Liability related to the Dimex acquisition, net of current maturities 365 710
Total long-term liabilities 1,305 2,017
Share capital: Ordinary shares of NIS 80.00 nominal value: Authorized; 2,500,000 shares at December 31, 2013 and 2012; Issued and outstanding: 1,258,245 and 1,132,685 shares at December 31, 2013 and 2012, respectively 26,178 23,374
Additional paid-in capital 48,634 50,891
Accumulated other comprehensive loss (243) (243)
Accumulated deficit (70,866) (70,866)
Total shareholders' equity 3,703 3,156
Total liabilities and shareholders' equity $ 19,187 $ 18,049
In Thousands, except Share data, unless otherwise specified
Dec. 31, 2013
USD ($)
Dec. 31, 2013
Dec. 31, 2012
USD ($)
Dec. 31, 2012
Trade receivables, allowance for doubtful accounts $ 148   $ 127  
Ordinary shares, par value per share   80.00   80.00
Ordinary shares, shares authorized 2,500,000 2,500,000 2,500,000 2,500,000
Ordinary shares, shares issued 1,258,245 1,258,245 1,132,685 1,132,685
Ordinary shares, shares outstanding 1,258,245 1,258,245 1,132,685 1,132,685
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues $ 25,903 $ 24,503 $ 33,434
Cost of revenues 20,751 19,050 26,481
Inventory write offs 121 385 443
Gross profit 5,031 5,068 6,510
Operating costs and expenses:      
Research and development    125 403
Sales and marketing 2,924 3,058 4,273
General and administrative 1,523 1,693 2,252
Impairment of other intangible assets       555
Total operating costs and expenses 4,447 4,876 7,483
Operating Profit (loss) 584 192 (973)
Financial expenses, net (549) (781) (2,241)
Other expenses, net (22) (147) (172)
Profit (loss) before taxes on income 13 (736) (3,386)
Taxes benefit (tax on income ) (13) 187 172
Net profit (loss)    $ (549) $ (3,214)
Basic and diluted net loss per share    $ (0.49) $ (4.56)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net profit (loss)    $ (549) $ (3,214)
Other comprehensive loss:      
Change in foreign currency translation adjustment       (295)
Total Other comprehensive income (loss)       (295)
Comprehensive profit (loss)    $ (549) $ (3,509)
In Thousands, except Share data
USD ($)
Ordinary shares [Member]
Share capital and additional paid-in capital [Member]
USD ($)
Accumulated other comprehensive income (loss) [Member]
USD ($)
Accumulated deficit [Member]
USD ($)
Balance at Dec. 31, 2010 $ 3,713   $ 70,764 $ 52 $ (67,103)
Balance, shares at Dec. 31, 2010   688,129      
Issuance of Ordinary shares for options and warrants exercised              
Issuance of Ordinary shares for options and warrants exercised, shares   8,361      
Issuance of Ordinary shares related to an inducement of a convertible note 3,139   3,139      
Issuance of Ordinary shares related to an inducement of a convertible note, shares   420,491      
Extension of warrants related to convertible note 86   86      
Share-based compensation expense 169   169      
Other comprehensive loss (295)      (295)   
Net profit (loss) (3,214)         (3,214)
Balance at Dec. 31, 2011 3,598   74,158 (243) (70,317)
Balance, shares at Dec. 31, 2011   1,116,981      
Issuance of Ordinary shares for options and warrants exercised              
Issuance of Ordinary shares for options and warrants exercised, shares   1,254      
Issuance of Ordinary shares              
Issuance of Ordinary shares, shares           
Share-based compensation expense 107   107      
Share-based compensation expense, shares   14,450      
Net profit (loss) (549)         (549)
Balance at Dec. 31, 2012 3,156   74,265 (243) (70,866)
Balance, shares at Dec. 31, 2012 1,132,685 1,132,685      
Issuance of Ordinary shares for options and warrants exercised 95   95      
Issuance of Ordinary shares for options and warrants exercised, shares   34,420      
Issuance of Ordinary shares 241   241      
Issuance of Ordinary shares, shares   51,334      
Share-based compensation expense 211   211      
Share-based compensation expense, shares   39,806      
Net profit (loss)              
Balance at Dec. 31, 2013 $ 3,703   $ 74,812 $ (243) $ (70,866)
Balance, shares at Dec. 31, 2013 1,258,245 1,258,245      
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net profit (loss)    $ (549) $ (3,214)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 352 363 656
Inventory write off 121 385 443
Impairment of other intangible assets       555
Capital loss from sale and disposal of property, plant and equipment 11 79   
Currency fluctuation of long term deposits (34) (11)   
Impairment of available for sale securities       156
Impairment of investment in other company    68 39
Severance pay, net 35 (24) 5
Share-based compensation expenses related to employees, directors and service providers 211 107 169
Amortization of discount on convertible note    22 202
Accrued interest and currency differences on liability related to Dimex acquisition 24 32 230
Conversion expenses of convertible note       760
Revaluation of fair value related to extension of warrants as part of an inducement of a convertible note       86
Increase (decrease) in trade receivables, net (130) 500 (1,045)
Change in income tax accruals (9) (187) (199)
Increase (decrease) in other accounts receivable and other assets (201) 140 363
Decrease (increase) in inventories (679) 475 506
Increase (decrease) in trade payables 1,317 750 (46)
Increase (decrease) in employees and payroll accruals, deferred revenues, accrued expenses and other liabilities 30 (441) (31)
Net cash provided by (used in) operating activities 1,048 1,709 (365)
Cash flows from investing activities:      
Purchase of property, plant and equipment (113) (82) (357)
Proceeds from sale and lease back of property, plant and equipment 337 26   
Change in long term bank deposits (14)    (427)
Repayment of deferred consideration related to the Dimex acquisition (77) (255) (256)
Net cash provided by (used in) investing activities 133 (311) (1,040)
Cash flows from financing activities:      
Proceeds from issuance of shares, net 336      
Repayment of (proceeds from) short and long-term bank loans (866) (1,455) 1,113
Net cash used in (provided by) financing activities (530) (1,455) 1,113
Increase (decrease) in cash and cash equivalents 651 (57) (292)
Cash and cash equivalents at the beginning of the year 354 411 703
Cash and cash equivalents at the end of the year 1,005 354 411
Supplemental disclosure of cash flow activities:      
Net cash paid during the year for: Interest 418 502 572
Non-cash activities:      
Conversion of convertible note into share capital       $ 2,523
12 Months Ended
Dec. 31, 2013
GENERAL [Abstract]  
NOTE 1:-

B.O.S. Better Online Solutions Ltd. ("BOS" or "the Company") is an Israeli corporation.

The Company's shares are listed on NASDAQ under the ticker BOSC.

The Company has two operating segments: the RFID and Mobile Solutions segment, and the Supply Chain Solutions segment (see Note 16).

The Company's wholly-owned subsidiaries include:

BOS-Dimex Ltd. (previously "Dimex Solutions Ltd"), an Israeli company that provides comprehensive turn-key solutions for Automatic Identification and Data Collection. BOS-Dimex comprises the RFID and Mobile Solutions segment.

BOS-Odem Ltd. ("BOS-Odem"), an Israeli company, is a distributor of electronic components and advanced technologies worldwide. BOS-Odem is a part of the Supply Chain Solutions segments; and

Ruby-Tech Inc., a New York corporation, a wholly-owned subsidiary of BOS-Odem and a part of the Supply Chain Solutions segments.
12 Months Ended
Dec. 31, 2013
NOTE 2:-

The consolidated financial statements are prepared in accordance with the United States generally accepted accounting principles ("U.S. GAAP").

Use of estimates:

The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The most significant assumptions are employed in estimates used in determining values of goodwill and identifiable intangible assets, provision for inventory, revenue recognition,  legal contingencies, stock-based compensation costs, and assumptions utilized in troubled debt restructuring. Actual results could differ from those estimates.

Financial statements in U.S. dollars:

A substantial portion of the Company's revenues is denominated in U.S. dollars ("dollars"). The Company's management believes that the dollar is the primary currency of the economic environment in which the Company operates. Thus, the functional and reporting currency of the Company is the dollar. Accordingly, monetary accounts maintained in currencies other than the dollar are premeasured into dollars in accordance with ASC 830, Foreign Currency Matters. All transactions gains and losses from the measurement of monetary balance sheet items are reflected in the statement of operations as financial income or expenses as appropriate.

Principles of consolidation:

The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany transactions and balances including profits from intercompany sales not yet realized outside the Company have been eliminated upon consolidation.

Cash equivalents:

Cash equivalents are short-term highly liquid investments that are readily convertible to cash purchased with original maturities of less than three months.


Inventories are valued at the lower of cost or market value. Cost is determined using the moving average cost method.

Inventory write-offs and write-downs are made to cover risks arising from slow-moving items or technological obsolescence.

Property, plant and equipment:

Property, plant and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated by using the straight-line method over the estimated useful lives of the assets, at the following annual rates:

Computers and software
20 - 33
(Mainly 33%)
Office furniture and equipment
6 - 15
(Mainly 10%)
Leasehold improvements
Over the shorter of the period
of the lease or the life of the assets
Motor vehicles
Real estate

Impairment of long-lived assets:

The Company's long-lived assets are reviewed for impairment in accordance with ASC 360-10, Accounting for the Impairment or Disposal of Long-Lived Asset, whenever events or changes in circumstances indicate that the carrying amount of an asset (or asset group) may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset (or asset group) to the future undiscounted cash flows expected to be generated by the assets (or asset group). If such assets are considered to be impaired, the impairment to be recognized is measured as the amount by which the carrying amount of the assets exceeds their fair value. During 2013 no impairment losses have been identified. The fair value of the brand name and customer list related intangibles was determined by the income approach method. Assumptions in the fair value assessment included: the impact of changes in economic conditions, revenue and cash flow forecasts for the remaining lives of the intangibles and the Company's weighted average cost of capital ("WACC").

During the year 2011, the Company recognized an impairment loss of $ 555 related to a brand name and customer list of which $ 470 was attributed to the Supply Chain solutions segment and $ 85 were attributed to the RFID and Mobile solutions segment.
During 2013 and 2012, no impairment losses have been identified.


Goodwill represents excess of the costs over the net assets of businesses acquired. Under ASC 350, Intangibles - Goodwill and Other ("ASC 350"), goodwill is not amortized but instead is tested for impairment at least annually or between annual tests in certain circumstances, and written-down when impaired.

Testing Methodology:

The Company performs its annual impairment analysis of goodwill as of December 31 of each year, or more often if there are indicators of impairment present. The provisions of ASC 350 requires that a two-step impairment test be performed on goodwill at the level of the reporting units. In the first step, or Step 1, the Company compares the fair value of each reporting unit to its carrying value. If the fair value exceeds the carrying value of the net assets, goodwill is considered not impaired, and the Company is not required to perform further testing. If the carrying value of the net assets exceeds the fair value, then the Company must perform the second step, or Step 2, of the impairment test in order to determine the implied fair value of goodwill. To determine the fair value used in Step 1, the Company uses discounted cash flows. If and when the Company is required to perform a Step 2 analysis, determining the fair value of its net assets and its off-balance sheet intangibles would require it to make judgments that involve the use of significant estimates and assumptions.

The reporting unit of the Company for purposes of the impairment test is the Company's RFID and Mobile solutions segment. Discrete financial information is available for this component of the business. Segment management regularly reviews the operating results of this component.

The Company determined the fair value of the reporting unit using the Income Approach, which utilizes a discounted cash flow model, as it believes that this approach best approximates the reporting unit's fair value at this time. Judgments and assumptions related to revenue, operating income, future short-term and long-term growth rates, weighted average cost of capital, interest, capital expenditures, cash flows, and market conditions are inherent in developing the discounted cash flow model. The material assumptions used for the Income Approach for 2013 were five years of projected net cash flows, WACC of 15.88% and a long-term growth rate of 2%. The Company considered historical rates and current market conditions when determining the discount and growth rates to use in its analyses. If these estimates or their related assumptions change in the future, the Company may be required to record impairment charges for its goodwill.

The aggregate fair value of the Company depends on various factors, some of which are qualitative and involve management judgment, including stable backlog coverage and experience in meeting operating cash flow targets.

Testing Results:

During 2013, 2012 and 2011 no impairment losses have been identified.

Research and development costs:

ASC 985, Software, requires capitalization of certain software development costs subsequent to the establishment of technological feasibility. Based on the Company's product development process, technological feasibility is established upon completion of a working model. Research and development costs incurred in the process of developing product improvements or new products, are generally charged to expenses as incurred. Costs incurred by the Company between completion of the working model and the point at which the product is ready for general releases are insignificant.

Severance pay:

The Company's liability for severance pay for Israeli employees is calculated pursuant to the Israeli Severance Pay Law based on the most recent salary of the employees multiplied by the number of years of employment as of the balance sheet date. Employees are entitled to one month's salary for each year of employment or a portion thereof above one year. The Company's liability for its Israeli employees is mostly covered by insurance policies designed solely for distributing severance pay. The value of these policies is not under the Company's control, thus just the liability net of funds under insurance policy is presented in the balance sheet.

The Company has two general deposit funds for severance. The value of the deposited funds includes profits, and is recorded as an asset in the Company's balance sheet.

The Company's payroll includes employees whom its severance pay liability is calculated pursuant to Article 14 of the Israel's Severance Pay Law. The Company currently deposits the corresponding amounts required in accordance with Article 14 to the relevant pension funds. These amounts will be released to the applicable employees upon termination of employment and this substitutes the obligation described above, to pay severance based on the most recent salary of the employee multiplied by the number of years of employment. The aforementioned deposited amounts are not reflected on the financial statements due to the fact that they are not under the Company's control.

Severance expenses for 2013, 2012 and 2011 amounted to $ 244, $ 117 and $ 242, respectively.

Revenue recognition:

The Company derives its revenues mainly from the sale of products and support services.

Revenues from product sales, related to both the Supply Chain Solutions and RFID and Mobile Solutions segments, are recognized in accordance with SAB 104, Revenue Recognition ("ASC 605") when delivery has occurred, persuasive evidence of an arrangement exists, the vendor's fee is fixed or determinable, no further obligation exists, and collectability is reasonably assured.

Revenues from maintenance and support services related to license are recognized ratably over the period of the support contract.

For revenues from customized solutions which offer both hardware and software, since the Company is unable to obtain reasonable dependable estimates of the total effort required for completion, the Company follows the guidance in ASC 605-35, ("ASC 605-35"), whereby the Company applies the completed contract method. Under the completed contract method, all revenue and related costs of revenue are deferred and recognized upon completion. Provisions for estimated losses on contracts in process are recognized in the period such losses are determined.

Income taxes:

The Company and its subsidiaries account for income taxes in accordance with ASC 740, Income Taxes ("ASC 740"). ASC 740 prescribes the use of the liability method whereby deferred tax assets and liability account balances are determined based on the differences between the financial reporting and the tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company and its subsidiaries provide a valuation allowance, if necessary, to reduce deferred tax assets to the amounts that are more likely-than-not to be realized.

The Company implements a two-step approach to recognizing and measuring uncertain tax positions accounted for in accordance with ASC 740. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is- more- likely- than- not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount which is more than 50% likely of being realized upon ultimate settlement. During the years ended December 31, 2013 and 2012, the Company recorded tax income of $ 31 and $195, respectively due to a decrease of uncertain tax position for closed tax years.

Concentrations of credit risk:

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, trade receivables and other accounts receivable.

The trade receivables of the Company are derived from sales to customers located primarily in Israel, the Far East, Europe and America. The Company generally does not require collateral; however part of the Company's customers outside of Israel are insured against customer nonpayment, through the Israeli Credit Insurance Company Ltd. In certain circumstances, the Company may require letters of credit, other collateral, additional guarantees or advanced payments. An allowance for doubtful accounts is determined with respect to specific debts that are doubtful of collection.

Derivative financial instruments:

The Company's derivatives consist primarily of forward contracts used to hedge exposure to currencies other than the U.S. dollar. The Company recognized derivative instruments as either assets or liabilities and measures those instruments at fair value. The derivative instruments that the Company holds do not meet the definition of hedging instruments under ASC 815, Derivatives and Hedging. Therefore, the Company recognizes changes in the fair values of the derivatives in its statement of income in financial expenses, net, at the same period as the re-measurement of gain and loss of the related foreign currency denominated assets and liabilities.

As of December 31, 2013, the notional principal of foreign exchange contracts to purchase U.S. dollars with foreign currencies was $1,313, to purchase NIS with foreign currencies was $310 and to purchase Euros for foreign currencies was €660, respectively. The Company recorded the fair value of a derivative asset in the amount of $17 in other accounts receivable and prepaid expenses.

Basic and diluted net earnings (loss) per share:

Basic net loss per share are calculated based on the weighted average number of ordinary shares outstanding during each year. Diluted net earnings (loss) per share are calculated based on the weighted average number of ordinary shares outstanding during each year, plus the potential dilution to ordinary shares considered outstanding during the year, in accordance with ASC 260, Earning per Share.

The total number of ordinary shares related to outstanding options and warrants that was excluded from the calculations of diluted net earnings (loss) per share, since they would have an anti-dilutive effect, was 331,300, 255,228 and 381,153 for the years ended December 31, 2013, 2012 and 2011, respectively.

Accounting for share-based compensation:

The Company accounts for equity-based compensation in accordance with ASC 718, Stock Compensation ("ASC 718") which requires the recognition of compensation expenses based on estimated fair values for all equity-based awards made to employees, nonemployees and directors.

ASC 718 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods in the Company's consolidated statements of operations.

The Company recognizes compensation expenses for the value of its awards granted based on the straight-line method over the requisite service period of each of the awards, net of estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Estimated forfeitures are based on actual historical pre-vesting forfeitures. The Company considers many factors when estimating forfeitures, including employee class and historical experience.

The Company estimates the fair value of stock options granted using the Black-Scholes option pricing model. The option-pricing model requires a number of assumptions, of which the most significant are expected stock price volatility and the expected option term. Expected volatility was calculated based upon actual historical stock price movements over the most recent periods ending on the date of grant, equal to the expected option terms. The expected option term represents the period that the Company's stock options are expected to be outstanding and was determined based on the Simplified method permitted by SAB 107 and extended by SAB 110 as the average of the vesting period and the contractual term. The Company currently uses the simplified method as adequate historical experience is not available to provide a reasonable estimate.

The Company adopted SAB 110 effective January 1, 2008 and will continue to apply the simplified method until enough historical experience is available to provide a reasonable estimate of the expected term for stock option grants. The risk-free interest rate is based on the yield from U.S. Treasury zero-coupon bonds with an equivalent term. The Company has historically not paid dividends and has no foreseeable plans to pay dividends.

The fair value for options granted in 2013 and 2012 was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:
Year ended
December 31,
Risk-free interest
Dividend yields
Expected option term
3.5 years
3 years
3.83 years
Forfeiture rate

During 2013, 2012 and 2011, the Company recognized stock-based compensation expense related to employee and director stock options as follows:

Year ended
December 31,
Selling and marketing
  $ -     $ -     $ 8  
General and administrative
    23       23       161  
Total stock-based compensation expense
  $ 23     $ 23     $ 169  

The Company applies ASC 718 and ASC 505-50 for equity instruments that are issued to other than employees for acquiring, or in conjunction with, selling, goods or services.

Fair value of financial instruments:

The following methods and assumptions were used by the Company in estimating fair value disclosures for financial instruments:

The carrying amounts of cash and cash equivalents, trade receivables, other accounts receivable, short term loans and trade payables approximate their fair value due to the short-term maturities of such instruments. The carrying amounts of long-term loans approximate their fair value.

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 are comprised of foreign currency forward contracts.

Assets measured at fair value on a non-recurring basis as of December 31, 2013 are intangible assets and goodwill.

ASC 820 establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:

Level 1 -
Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2 -
Include other inputs that are directly or indirectly observable in the marketplace.

Level 3 -
Unobservable inputs which are supported by little or no market activity.

The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

New and recent accounting pronouncements:

In July 2013, the Financial Accounting Standards Board ("FASB") issued a new accounting standard that will require the presentation of certain unrecognized tax benefits as reductions to deferred tax assets rather than as liabilities in the Consolidated Balance Sheets when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The Company will be required to adopt this new standard on a prospective basis in the first quarter of fiscal 2015; however, early adoption is permitted as is a retrospective application. The Company is currently evaluating the timing, transition method and impact of this new standard on its Consolidated Financial Statements.
12 Months Ended
Dec. 31, 2013
NOTE 3:-

December 31,
Government authorities
  $ 133     $ 78  
Advances to suppliers
    320       258  
Prepaid expenses
    276       163  
    90       117  
    $ 819     $ 616  
12 Months Ended
Dec. 31, 2013
NOTE 4:-

In accordance with ASC 820, derivative contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments.

The Company's financial liabilities and assets measured at fair value on a recurring basis, consisted of derivatives which were classified within Level 2 and amounted to a $ 17 and a $ (5) liability as of December 31, 2013 and 2012, respectively.
12 Months Ended
Dec. 31, 2013
INVENTORIES [Abstract]  
NOTE 5:-
December 31,
Raw materials
  $ 167     $ 163  
Finished goods
    3,551       2,997  
    $ 3,718     $ 3,160  
12 Months Ended
Dec. 31, 2013
NOTE 6:-
December 31,
Computers and software
  $ 740     $ 728  
Office furniture and equipment
    689       706  
Leasehold improvements and real estate (1)
    297       648  
Motor Vehicles
    397       347