TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Profit Before Income Tax Expense (Benefit) Included In The Statement Of Operations

Profit before tax and income tax expense (benefit) included in the consolidated statements of comprehensive income:

	Year ended December 31,
	2016			2015			2014
	US Dollars in thousands
Profit (loss) before income tax expense:
Israel		(2,767	)		1,038			(483	)
Foreign jurisdictions		200			206			(738	)
		(2,567	)		1,244			(1,221	)
Current tax expense (benefit):
Israel		-			(3	)		-
Foreign jurisdictions		73			72			19
		73			69			19
Deferred taxes:
Israel		1,085			149			1,581
Foreign jurisdictions					-			34
		1,085			149			1,615
Income tax expense		1,158			218			1,634

Reconciliation Of The Theoretical Income Tax Expense To The Actual Income Tax Expense

A reconciliation of the theoretical income tax (expense) benefit, assuming all income is taxable at the statutory rates applicable in Israel, and the actual income tax expense, is as follows:

	Year ended December 31,
	2016			2015			2014
	US Dollars in thousands
Profit (loss) before income tax expense (benefit) as reported in the consolidated  statements of comprehensive income		(2,567	)		1,244			(1,221	)
Statutory tax rates		25	%		26.5	%		26.5	%
Theoretical tax expense (benefit) calculated		(642	)		330			(324	)
Other		(138	)		36			182
Changed in liability for undistributed income of subsidiaries		37			38			29
Change in valuation allowance		(2,075	)		(92	)		1,724
Increase in capital loss for tax purposes		915
Change in effective on corporate tax rate		(17	)		-			-
Changes in deferred tax of carryforward losses due to sale of investment in previously consolidated subsidiaries		492			-			-
Tax benefit arising from "Beneficiating and Preferred enterprises"		250			(109	)		40
Foreign tax rate differential in  subsidiaries		20			15			(17	)
Total		(516	)		(112	)		1,958
Income tax (expense)benefit		(1,158	)		218			1,634

Deferred Tax Assets And Liabilities

Significant components of the Company's deferred tax liabilities and assets are as follows:

	December 31,
	2016			2015
	US Dollars in thousands
Deferred tax assets:
Net operating loss carryforwards (in Israel)		2,772			2,350
Net operating loss carryforwards (outside Israel)		-			492
Capital loss carryforwards (in Israel)		1,957			1,110
Severance benefits		23			27
Provision for vacation pay		202			200
Tax credit carryforward		926			905
Allowance for doubtful accounts		26			14
Total gross deferred tax assets		5,906			5,098
Less valuation allowance		(5,175	)		(3,100	)
Net deferred tax assets		731			1,998
Deferred tax liabilities:
Undistributed income of subsidiaries		(197	)		(197	)
Fixed assets - differences in depreciation		(534	)		(737	)
Total gross deferred tax liabilities		(731	)		(934	)
Net deferred tax assets		-			1,064