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FAIR VALUE MEASUREMENT
3 Months Ended
Sep. 30, 2013
FAIR VALUE MEASUREMENT [Abstract]  
FAIR VALUE MEASUREMENT

NOTE 5 - FAIR VALUE MEASURMENT:

 

Financial Assets and Liabilities Not Measured Using Fair Value Method

 

The carrying amounts of financial instruments included in working capital approximate their fair value either because these amounts are presented at fair value or due to the relatively short-term maturities of such instruments. If measured at fair value in the financial statements, these financial instruments would be classified as Level 3 in the fair value hierarchy. As of September 30, 2013, the carrying amount of cash and cash equivalents, accounts receivable, other current assets and accounts payables and accrued expenses approximates their fair values due to the short-term maturities of these instruments.