Accrued Severance Pay, Net

12 Months Ended

Dec. 31, 2018

Payables and Accruals [Abstract]

ACCRUED SEVERANCE PAY, NET

NOTE 9 — ACCRUED SEVERANCE PAY, NET

A. Accrued Liability:

The Company is liable for severance pay to its employees pursuant to the applicable local laws prevailing in the respective countries of employment and employment agreements. For Israeli employees, the liability is partially covered by individual managers’ insurance policies under the name of the employee, for which the Company makes monthly payments. The Company may make withdrawals from the managers’ insurance policies only for the purpose of paying severance pay.

The amounts accrued and the amounts funded with managers’ insurance policies are as follows:

	December 31,
	2018			2017
Accrued severance pay	$	208		$	249
Less - amount funded		(98	)		(116	)
	$	110		$	133