Factory buildings [Member]
Property, Plant and Equipment, Type [Axis]
Other Building [Member]
Machinery and equipment [Member]
Office furniture and equipment [Member]
Leasehold improvements [Member]
Minimum [Member]
Range [Axis]
Maximum [Member]
Level 1 [Member]
Fair Value, Hierarchy [Axis]
Fair Value, Measurements, Recurring [Member]
Measurement Frequency [Axis]
Level 2 [Member]
Level 3 [Member]
CACS [Member]
Equity Method Investee, Name [Axis]
Revenue [Member]
Concentration Risk Benchmark [Axis]
Loan in U.S. dollars from shareholders [Member]
Schedule of Short-term and Long Term-debt [Axis]
Convertible notes from controlling shareholders, net [Member]
Bank credit [Member]
September Amendment [Member]
Debt Instrument [Axis]
Accumulated foreign currency translation differences [Member]
Equity Components [Axis]
Majority Shareholder [Member]
Related Party [Axis]
Affiliated Entity [Member]
Israel [Member]
Geographical [Axis]
Asia [Member]
North America [Member]
Latin America [Member]
Europe [Member]
Principal Owner [Member]
Customer A [Member]
Major Customers [Axis]
Customer B [Member]
Customer C [Member]
Customer D [Member]
Customer E [Member]
Customer F [Member]
Customer G [Member]
China [Member]
Ordinary shares [Member]
Additional paid-in capital [Member]
Accumulated other comprehensive income [Member]
Accumulated deficit [Member]
Noncontrolling interest [Member]
Major Customer H [Member]
Revolving Credit Facility [Member]
Credit Facility [Axis]
Secured borrowings [Member]
OCS [Member]
BIRD [Member]
Subsequent Event [Member]
Subsequent Event Type [Axis]
Investment Transaction [Member]
Stock Issuance [Axis]
Scenario, Forecast [Member]
Scenario [Axis]
Short-term Debt, Type [Axis]
Standstill Agreement [Member]
Legal Entity [Axis]
Initial Public Offering [Member]
Short-term Debt, Type [Axis]
Convertible Loan [Member]
Long-term Debt, Type [Axis]
Warrant Issuance One [Member]
Class of Warrant or Right [Axis]
Warrant Issuance Two [Member]
Modified shareholder debt April 2015 [Member]
Document and Entity Information [Abstract]
Document Type
Amendment Flag
Document Period End Date
Entity Registrant Name
Entity Central Index Key
Current Fiscal Year End Date
Document Fiscal Period Focus
Document Fiscal Year Focus
Entity Filer Category
Entity Common Stock, Shares Outstanding
Entity Current Reporting Status
Entity Well-known Seasoned Issuer
Statement of Financial Position [Abstract]
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
Restricted deposits
Trade receivables (net of allowance for doubtful accounts of $10 and $24 at December 31, 2015 and 2014)
Costs and estimated earnings in excess of billings on uncompleted contracts
Other accounts receivable and prepaid expenses
Inventories, net
Total current assets
LONG-TERM RECEIVABLES AND OTHER DEPOSITS
PROPERTY, PLANT AND EQUIPMENT, NET
GOODWILL
Total assets
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Bank credit
Trade payables
Convertible Note and Loans from shareholders, net (Note 9)
Other accounts payable and accrued expenses
Total current liabilities
LONG-TERM LIABILITIES:
Accrued severance pay and other long term liability
Total long-term liabilities
COMMITMENTS AND CONTINGENT LIABILITIES
EQUITY:
Ordinary shares of NIS 0.015 par value each - Authorized: 30,000,000 shares at December 31, 2015 and 16,333,333 shares at December 31, 2014; Issued and outstanding: 15,898,965 and 8,988,396 shares at December 31, 2015 and December 31, 2014 respectively
Additional paid-in capital
Accumulated other comprehensive income
Accumulated deficit
Total RADA Electronic Industries shareholders' equity
Non-controlling interest
Total equity
Total liabilities and equity
Trade receivables, allowance for doubtful accounts
Ordinary shares, par value per share
Ordinary shares, shares authorized
Ordinary shares, shares issued
Ordinary shares, shares outstanding
Income Statement [Abstract]
Revenues:
Products
Services
Total revenues
Cost of revenues:
Products
Services
Total cost of revenues
Gross profit
Operating costs and expenses:
Research and development, net
Marketing and selling
General and administrative
Goodwill impairment
Total operating costs and expenses
Operating income (loss)
Amortization of shareholders' convertible loans discount and beneficial conversion feature
Other financial expenses, net
Total financial expenses, net (Note 14)
Net income (loss)
Less: Net income (loss) attributable to non-controlling interest
Net income (loss) attributable to RADA Electronic Industries' shareholders
Net income (loss) per share attributable to RADA Electronic Industries' shareholders:
Basic and diluted net income (loss) per Ordinary share
Weighted average number of Ordinary shares used for computing basic and diluted net income (loss) per share
Statement of Comprehensive Income [Abstract]
Net income (loss)
Other Comprehensive Income (loss):
Change in foreign currency translation adjustment
Total comprehensive income (loss)
Less: comprehensive income (loss) attributable to non-controlling interest
Comprehensive income (loss) attributable to RADA Electronic Industries' shareholders
Statement [Table]
Statement [Line Items]
Balance
Balance, shares
Issuance of Ordinary shares, net of issuance costs of 1,070
Issuance of Ordinary shares, net of issuance costs of 1,070, shares
Beneficial conversion feature related to convertible loans from shareholders (Note 9)
Cashless Warrants exercise
Cashless Warrants exercise, shares
Other comprehensive income (loss)
Balance
Balance, shares
Stock issuance costs
Statement of Cash Flows [Abstract]
Cash flows from operating activities:
Adjustments required to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization
Impairment of goodwill
Amortization of discount on convertible note and loans
Severance pay, net
Decrease (increase) in trade receivables, net
Decrease (increase) in other accounts receivable and prepaid expenses
Grants received from Chief Scientist's Office (OCS)
Decrease (increase) in unbilled receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in other accounts payable and accrued expenses
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Purchase of property, plant and equipment
Increase in deposits, net
Change in restricted deposits, net
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Proceeds from- loans from shareholders
Issuance of Ordinary shares, net
Proceeds from (repayment of) short-term bank credit, net
Repayment of short term loan from shareholders
Net cash provided by (used in) financing activities from continuing operations
Effect of exchange rate changes on cash and cash equivalents
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Supplemental disclosures of cash flow activities:
Net cash paid during the year for:
Income taxes
Interest
Non-cash transactions
Transfer of inventory to property, plant and equipment
Purchase of property, plant and equipment in credit
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES
Contractors [Abstract]
CONTRACTS IN PROGRESS
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES
Inventory Disclosure [Abstract]
INVENTORIES
Long-term Investments and Receivables, Net [Abstract]
LONG TERM RECEIVABLES AND DEPOSITS
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET
Goodwill
GOODWILL
Debt Disclosure [Abstract]
BANK CREDIT AND LOANS
Payables and Accruals [Abstract]
OTHER ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY
Income Tax Disclosure [Abstract]
TAXES ON INCOME
Other Income and Expenses [Abstract]
FINANCIAL EXPENSES, NET
Related Party Transactions [Abstract]
RELATED PARTY BALANCE AND TRANSACTIONS
Segment Reporting [Abstract]
MAJOR CUSTOMERS AND GEOGRAPHIC INFORMATION
Subsequent Events [Abstract]
SUBSEQUENT EVENTS
Use of estimates
Financial statements in U.S. dollars
Basis of consolidation
Reclassification
Cash equivalents
Restricted deposit
Inventories
Property, plant and equipment
Intangible assets
Impairment of long-lived assets
Goodwill
Research and development costs
Income taxes
Severance pay
Fair value of financial instruments
Concentrations of credit risk
Comprehensive income (loss)
Warranty
Share-Based Compensation
Revenue recognition
Basic and diluted net income (loss) per share
Derivatives and hedging
Recently Issued Accounting Standards
Schedule of Annual Depreciation Rates
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
Schedule of total accumulated other comprehensive income, net
Summary of the changes in accumulated balances of other comprehensive income, net of taxes
Schedule of Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts
Schedule of other accounts receivable and prepaid expenses
Inventories
Schedule of Long Term Receivables and Deposits
Schedule of Property, Plant and Equipment
Goodwill Tables
Schedule of Changes in Goodwill
Schedule of Bank Credit and Loans
Schedule of Bank Credit
Schedule of Other Accounts Payable and Accrued Expenses
Schedule of Future Minimum Payments Under Operating Leases
Schedule of Deferred Tax Assets
Schedule of Financial Expenses, Net
Schedule of Revenues by Geographic Area
Schedule of Revenues by Major Customers
Schedule of Long-Lived Assets by Geographic Area
Concentration Risk [Table]
Concentration Risk [Line Items]
Revenues from major customers, percentage
Schedule of Stock by Class [Table]
Class of Stock [Line Items]
Sale of Stock [Axis]
Investment, Name [Axis]
StockIssuanceAxis [Axis]
Number of operating segment
Accumulated deficit
Ownership percentage
Equity interest held by third party
Convertible amount of debt
Conversion price
Percentage of conversion price
Number of trading days
Debt Instrument, Convertible, Latest Date
Number of extended convertible days
Repayment of convertible debt
Percentage of variable rate
Stock issuance, shares
Equity issuance, price per share
Proceeds from shares issued under initial public offering
Repayment of short term loan from shareholders
Proceeds from issuance of stock
Number of ordinary shares issuable under warrants
Warrant exercise price
Warrants aggregate exercise price
Warrant term
Value of loan which may be used for the sole purpose of repayment of shareholder's debt
Conversion price option the Investor will have the right, but not the obligation to convert, lowest option price per share
Conversion price option the Investor will have the right, but not the obligation to convert, lowest option price per share expressed as percentage of discount to the FMV (the average of the closing prices of the Company's Ordinary shares over the 5 consecutive trading days ending on the last trading day prior to the date of conversion), but in no event less than $0.235
Variable interest rate on deposit
Interest rate on investments held as restricted deposits
Impairment of long-lived assets
Goodwill impairment loss
Severance expense
Provision for estimated losses
Outstanding forward contracts, fair value
Property, Plant and Equipment [Table]
Property, Plant and Equipment [Line Items]
Annual rate of depreciation
Fair Value Measurements, Recurring and Nonrecurring [Table]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currencies derivatives assets
Total assets
Foreign currencies derivatives liabilities
Total liabilities
Accumulated Other Comprehensive Income (Loss) [Table]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning of the period
Current period other comprehensive loss
Balance as of end of the period
Costs incurred on uncompleted contracts, net
Estimated earnings
Total costs and estimated earnings on uncompleted contract
Less - billings and progress payments
Costs and estimated earnings in excess of billings on uncompleted contracts
Less: Long-term portion
Costs and estimated earnings in excess of billings on uncompleted contracts - Current portion
Prepaid expenses
Government institutions
Advance payment to vendors
Total
Raw materials
Work in progress
Finished goods
Inventories
Write-offs of inventories
Costs and estimated earnings in excess of billings on uncompleted contracts (see Note 3)
Restricted deposits
Leasing deposits
Long-term receivables and deposits, Total
Total cost
Total accumulated depreciation
Depreciated cost
Write-offs of property, plant and equipment
Depreciation expenses
Goodwill Details
Beginning balance
Impairment of Goodwill
Ending balance
Schedule Of Short-term And Long-term Debt [Table]
Schedule of Short-term and Long-term Debt [Line Items]
Proceeds from loans from shareholders, net of issuance expenses
Warrants issued
Warrants exercisable term, years
Interest rate additional rate over LIBOR
Debt conversion, price per share
Discount on convertible note
Debt conversion, description
Total Current maturities
Accrued interest
Amortization of debt discount
Loss on extinguishment of debt
Beneficial conversion feature
Remaining unpaid loan amount
Total Long-term loans
Debt instrument, principal installment
Repayment of loan
Annual rate
Repayment date
Additional default interest rate
Number of warrants warrants exercised
Amount of loan from shareholders
Repayments of loan from shareholders
Interest paid
Withholding taxes paid on payments of debt
Debt instrument, installment payments start date
Latest date of conversion
Line of credit, maximum borrowing amounts
Line of credit, amounts utilized
Secured borrowing against specific accounts receivables, maximum amount
Line of credit, applicable interest rate
Repayment terms
Less: Beneficial Conversion Feature
Payroll and related accruals
Accrued expenses - subcontractors
Accrued expenses
Accrued interest due to shareholders loan
Tax authorities
Derivatives Instruments
Others
Total other accounts payable and accrued expenses
Commitments [Line Items]
Royalties payable, percent of sales
Total obligation for royalties
Amount of royalties charged to operations
Grants receivable from the OCS
Grants received from OCS
Total bank guarantees provided to customers and others
2016
2017
2018
2019
Operating Leases, Future Minimum Payments Due, Total
Lease expenses
Authorized grant of options, aggregate amount, shares
Options granted, maximum number of years before expiration
Warrants issued, term, years
Common stock, price per share
Risk free interest rate
Volatility factor
Dividend yield
Contractual life, years
Number of warrants exercised
Ordinary shares on a cashless basis upon warrants exercise
Number of warrants expired
Amount of increase in authorized capital
Amount of authorized capital
IncomeTaxTable [Table]
IncomeTaxLineItems [Line Items]
Effective tax rate
Net operating loss carry forward
Capital loss carryforwards
Deferred tax assets resulting from net operating loss and capital loss carryforwards
Deferred tax assets:
Net operating loss carry forward
Allowance and reserve
Total deferred tax assets before valuation allowance
Valuation allowance
Net deferred tax assets
Unrecognized tax benefits
Foreign currency exchange differences
Interest on cash equivalents and restricted deposits
Total other income
Interest on shareholders' convertible note and loans
Withholding taxes on interest of convertible note and loans from shareholders
Bank commissions and others
Foreign currency exchange differences
Interest on loans from banks and other credit balances
Total expenses
Interest incurred, loans received from its shareholders
Schedule of Revenues from External Customers and Long-Lived Assets [Table]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues
Long-Lived Assets
Schedule of Revenue by Major Customers, by Reporting Segments [Table]
Revenue, Major Customer [Line Items]
Customer [Axis]
Subsequent Event [Table]
Subsequent Event [Line Items]
Accrued expenses
An affiliate is a party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the entity.
An affiliate is a party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the entity.
The number of warrants warrants exercised.
Financial concepts related to the commitments and contingent liabilities disclosure.
The amount of increase in common shares permitted to be issued by the entity's charter and bylaws.
The amount of common shares permitted to be issued by the entity''s charter and bylaws.
Costs incurred on uncompleted contracts, net
Additional default interest rate for funds borrowed, under the debt agreement.
The amount of equity instruments that the holder of the debt instrument would receive, if the debt was converted to equity.
The number of extended threshold period of specified consecutive trading days within which common stock price to conversion price of convertible debt instruments after closing of offering shares.
The annual rate of depreciation. Depreciation is calculated by the straight-line method over the estimated useful lives of the assets.
Estimated ernings on uncompleted contracts.
The fair value of the outstanding forward contracts.
Foreign currency exchange differences, expenses.
Foreign currency exchange differences, income.
Increase (decrease) in grants received from Chief Scientist Office (OCS).
Interest on cash equivalents and restricted deposits.
Interest on convertible note and loans from shareholders.
Interest rate on investments held as restricted deposits.
Leasing deposits.
Long Term Investments And Receivables Net [Table Text Block]
Customers that exceed 10% of the total revenues.
Customers that exceed 10% of the total revenues.
Customers that exceed 10% of the total revenues.
Customers that exceed 10% of the total revenues.
Customers that exceed 10% of the total revenues.
Customers that exceed 10% of the total revenues.
Customers that exceed 10% of the total revenues.
Customers that exceed 10% of the total revenues.
Net cash paid during the year for: [Abstract].
Noncash Investing And Financing Items Transfer Of Inventory To Equipment.
Maximum number of years before the options granted under a stock based compensation plan will expire.
Other Building [Member]
Payments for royalties charged to operations.
Proceeds from customers for progress payments on uncompleted contracts.
Proceeds From Grants.
Tabular disclosure of the annual depreciation rates.
Royalties payable, percent of sales of sales of the products whose research was supported by grants received from the OCS.
Tabular disclosure of costs and estimated earnings in excess of billings on uncompleted contracts.
Information by type of short-term and long-term debt arrangement.
Schedule of short term and long term debt [Domain]
Schedule of Short-term and Long-term Debt [Line Items]
Schedule of Short-term and Long-term Debt [Table]
The maximum amount the Company may secure borrowing with its bank and other creditors against specific accounts receivables.
September Amendment [Member]
Standstill Agreement [Member]
Subsidiary One [Member]
Warrants issued
The term of the warrants issued.
The average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS.
Withholding taxes of Interest to convertible note and loans from shareholders.
Amount, before allocation of a valuation allowances, of deferred tax assets attributable to deductible net operating loss and tax credit carryforwards including, but not limited to, research, foreign, general business, alternative minimum tax, and other deductible tax credit carryforwards.
Stock Issuance [Axis]
Warrant Issuance One [Member]
Warrants aggregate exercise price.
The exercise period for warrants.
Warrant Issuance Two [Member]
Value of loan which may be used for the sole purpose of repayment of shareholder's debt.
Beneficial conversion feature on convertible notes from shareholder.
Modified Shareholder Debt [Member]
Withholding taxes paid on payments of debt.
The increase (decrease) in deposits, net classified as investing activities.
Conversion price option the Investor will have the right, but not the obligation to convert, lowest option price per share one.
Conversion price option the Investor will have the right, but not the obligation to convert, lowest option price per share expressed as percentage of discount to the FMV (the average of the closing prices of the Company's Ordinary shares over the 5 consecutive trading days ending on the last trading day prior to the date of conversion), but in no event less than $0.235.
Assets, Current
Assets
Liabilities, Current
Liabilities, Noncurrent
Stockholders' Equity Attributable to Parent
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Liabilities and Equity
Cost of Goods Sold
Cost of Services
Cost of Revenue
Gross Profit
Operating Expenses
Operating Income (Loss)
Other Nonoperating Income (Expense)
Nonoperating Income (Expense)
Net Income (Loss) Attributable to Parent
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Prepaid Expense and Other Assets
IncreaseDecreaseInGrantsReceivedFromChiefScientistsOffice
Increase (Decrease) in Unbilled Receivables
Increase (Decrease) in Inventories
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
Payments to Acquire Property, Plant, and Equipment
Increase (Decrease) in Restricted Cash
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
Net Cash Provided by (Used in) Financing Activities, Continuing Operations
Cash and Cash Equivalents, Period Increase (Decrease)
Property, Plant and Equipment Disclosure [Text Block]
Goodwill Disclosure [Text Block]
Commitments and Contingencies Disclosure [Text Block]
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]
Regulatory Income Taxes, Policy [Policy Text Block]
Schedule of Inventory, Current [Table Text Block]
Assets, Fair Value Disclosure
Derivative Liability, Fair Value, Gross Liability
Financial and Nonfinancial Liabilities, Fair Value Disclosure
Unbilled Receivables, Not Billable
Costs in Excess of Billings
Restricted Cash and Cash Equivalents
Long-term Investments
Gains (Losses) on Extinguishment of Debt
BeneficialConversionFeatureOnConvertibleNoteFromShareholder
Accounts Payable and Accrued Liabilities, Current
Operating Leases, Future Minimum Payments Due
Deferred Tax Assets, Operating Loss Carryforwards
Deferred Tax Assets, Gross
Deferred Tax Assets, Valuation Allowance
Deferred Tax Assets, Net of Valuation Allowance
Other Income
ForeignCurrencyExchangeDifferencesExpenses
Other Cost and Expense, Operating
ScheduleOfShortTermAndLongTermDebtDomain