v2.4.0.6
LONG TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
 
 
 
 
 
December 31,
 
 
 
Interest rate as
of December 31,
2013
 
2012
 
2013
 
 
 
%
 
 
 
 
 
 
 
Loans from banks in USD (1)
 
 
3.7%
 
$
-
 
$
2,904
 
Loan from banks and other in NIS
 
 
4.1%-5.9%
 
 
-
 
 
405
 
Other long term debt
 
 
 
 
 
24
 
 
20
 
 
 
 
 
 
 
 
 
 
 
 
Less – Current maturities (included under “short-term debt”)
 
 
 
 
 
(12)
 
 
(1,055)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
12
 
$
2,274
 
 
(1)
Loan from a US bank, received on November 2013 in the amount of $3,000, paid monthly in equal payment, for a period of 36 months bearing interest of Libor+3.5%. The loan agreement contains various covenants which require us to maintain certain financial ratios. The Company has met the financial ratios as of December 31, 2013.
 
(2)
In November 2013, the Company entered into a three-year $3,000 credit facility. As of December 31, 2013, the company did not utilized the credit facility.