NOTE 3: INVENTORIES

6 Months Ended

Jun. 30, 2015

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

NOTE 3:                       INVENTORIES

Inventories are stated at the lower of cost or market value. Cost is determined using the average cost method or the FIFO method. The Company periodically evaluates the quantities on hand relative to current and historical selling prices and historical and projected sales volume. Based on these evaluations, provisions are made in each period to write down inventory to its net realizable value. Inventory write-offs are provided to cover risks arising from slow-moving items, technological obsolescence, excess inventories, and for market prices lower than cost. From December 31, 2014, inventories in the Training and Simulation Division decreased $88,561 and increased $203,228 in the Power Systems Division:

	June 30, 2015		December 31, 2014
	(Unaudited)
Raw and packaging materials	$	7,888,557	$	8,195,623
Work in progress		1,686,056		683,083
Finished products		351,837		933,077
Total:	$	9,926,450	$	9,811,783