CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Cash flows from operating activities: |
|
|
|
| Net loss |
$ (4,573)
|
$ (3,447)
|
$ (1,241)
|
| Adjustments required to reconcile net loss from continuing operations to net cash used in operating activities: |
|
|
|
| Depreciation |
189
|
174
|
151
|
| Stock-based compensation |
210
|
569
|
144
|
| Gain on sale of marketable securities |
(234)
|
(135)
|
(1)
|
| Increase (decrease) in accrued severance pay, net |
48
|
(32)
|
30
|
| Deferred taxes expense (benefit) |
(23)
|
(127)
|
49
|
| Decrease in trade receivables, net |
874
|
63
|
805
|
| Decrease (increase) in prepaid expenses and other current assets |
468
|
(253)
|
(256)
|
| Increase (decrease) in trade payables |
(117)
|
40
|
(110)
|
| Increase (decrease) in accrued expenses and other liabilities |
334
|
(425)
|
(221)
|
| Increase (decrease) in deferred revenue |
(1,139)
|
1,888
|
(853)
|
| Increase in other long-term liabilities |
146
|
54
|
408
|
| Net cash used in operating activities |
(3,817)
|
(1,631)
|
(1,095)
|
| Cash flows from investing activities: |
|
|
|
| Investment in short-term bank deposit |
|
(502)
|
|
| Proceeds from sale of short-term bank deposit |
502
|
|
|
| Proceeds from sale of marketable securities |
2,178
|
5,793
|
3,350
|
| Investment in marketable securities |
(1,697)
|
(3,548)
|
(1,899)
|
| Purchase of property and equipment |
(141)
|
(225)
|
(142)
|
| Decrease (increase) in restricted cash deposit |
79
|
(94)
|
202
|
| Net cash provided by investing activities |
921
|
1,424
|
1,511
|
| Cash flows from financing activities |
|
|
|
| Proceeds from the issuance of shares, net |
3,984
|
1,252
|
|
| Proceeds from exercise of stock options |
40
|
102
|
37
|
| Net cash provided by financing activities |
4,024
|
1,354
|
37
|
| Effect of exchange rate changes on cash |
56
|
(68)
|
(63)
|
| Increase in cash and cash equivalents |
1,184
|
1,079
|
390
|
| Cash and cash equivalents at the beginning of the year |
4,517
|
3,438
|
3,048
|
| Cash and cash equivalents at the end of the year |
5,701
|
4,517
|
3,438
|
| Supplemental disclosure of cash flows activities: |
|
|
|
| Cash paid during the year for taxes on income |
8
|
67
|
90
|
| Non-cash investing information: |
|
|
|
| Investment in leasehold improvements, computers and peripheral equipment upon accrued expenses and other liabilities and other long-term liabilities |
|
$ 59
|
$ 17
|