PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2012

PROPERTY, PLANT AND EQUIPMENT [Abstract]

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

Composition of assets, grouped by major classifications, is as follows:

	June 30			December 31
	2012			2011			2010
	($ in thousands)
Cost:
Vehicles	$	-		$	-		$	44
Computer equipment		142			123			75
Office furniture and equipment		83			56			54
Machinery and equipment		598			597			416
Leasehold improvements		111			47			47
		934			823			636
Less - accumulated depreciation and amortization		(472	)		(403	)		(354	)
Net carrying amount	$	462		$	420		$	282

Depreciation and amortization expenses totaled approximately $69 thousand for the six month period ended June 30, 2012, and $89 thousand, $91 thousand and $89 thousand for the years ended December 31, 2011, 2010 and 2009, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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