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INVENTORIES

12 Months Ended

Dec. 31, 2012

NOTE 4 - INVENTORIES

Inventories at December 31, 2011 and 2012 consisted of the following:

	December 31,
(U.S. dollars in thousands)	2011		2012
Raw materials	$	279	$	2,118
Work in progress				192
Finished goods				1,729
Total inventory	$	279	$	4,039

During the year ended December 31, 2011 and 2012, the Company recorded approximately $363,000 and $684,000 respectively, for write-down of inventory under cost of revenues.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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