Note 1: Nature of Operations and Summary of Significant Accounting Policies Back To Table of Contents: Functional Currency and Foreign Currency Translation and Transactions. (Policies)

12 Months Ended

Dec. 31, 2016

Policies

Functional Currency and Foreign Currency Translation and Transactions.

Functional Currency and Foreign Currency Translation and Transactions.

The currency of the primary economic environment in which the operations of the Company and its subsidiary are conducted is the New Israeli Shekel (“NIS”).

The presentation currency of the financial statements is the US dollar. Assets and liabilities are translated at year-end exchange rates, while revenues and expenses are translated at actual exchange rates during the year. Differences resulting from translation are presented in equity, under accumulated other comprehensive income (loss).