CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
| CURRENT ASSETS |
|
|
|
| Cash and cash equivalents |
$ 1,037
|
$ 1,708
|
|
| Restricted bank deposit |
1,063
|
1,110
|
|
| Trade accounts receivable, net of allowance for doubtful accounts of $2,341 and $2,014 as of December 31, 2017 and 2016, respectively (Note 15) |
12,456
|
10,310
|
|
| Other accounts receivable and prepaid expenses (Note 3) |
2,698
|
2,500
|
|
| Inventories, net (Note 4) |
4,876
|
5,492
|
|
| Patents |
5,283
|
0
|
|
| TOTAL CURRENT ASSETS |
27,413
|
21,120
|
|
| LONG-TERM ASSETS |
|
|
|
| Severance pay funds (Note 2.l) |
319
|
282
|
|
| Deferred tax long term |
4,505
|
4,223
|
[1] |
| Property and equipment, net (Note 6) |
1,218
|
1,638
|
|
| Other Intangible assets, net (Note 7) |
11,910
|
13,901
|
|
| Goodwill |
7,026
|
7,026
|
|
| Patents |
0
|
5,283
|
|
| Other non-current assets |
1,807
|
0
|
|
| TOTAL LONG-TERM ASSETS |
26,785
|
32,353
|
|
| TOTAL ASSETS |
54,198
|
53,473
|
|
| CURRENT LIABILITIES |
|
|
|
| Short-term bank loans |
738
|
0
|
|
| Trade accounts payable |
5,838
|
3,958
|
|
| Employees and payroll accruals |
4,910
|
2,948
|
|
| Related parties (Note 13.c) |
61
|
56
|
|
| Accrued expenses and other liabilities (Note 8) |
3,739
|
3,497
|
|
| Deferred revenue |
1,511
|
1,633
|
|
| Short-term liability for future earn-out |
1,163
|
679
|
|
| TOTAL CURRENT LIABILITIES |
17,960
|
12,771
|
|
| LONG-TERM LIABILITIES |
|
|
|
| Related parties (Note 13.d) |
2,082
|
0
|
|
| Deferred tax liability |
49
|
156
|
[1] |
| Deferred revenues |
668
|
423
|
|
| Long-term liability for future earn-out |
147
|
946
|
|
| Accrued severance pay |
585
|
453
|
|
| TOTAL LONG TERM LIABILITIES |
3,531
|
1,978
|
|
| TOTAL LIABILITIES |
21,491
|
14,749
|
|
| Commitments and contingent liabilities (Note 9) |
|
|
|
| SHAREHOLDERS’ EQUITY (Note 12) |
|
|
|
| Ordinary shares, NIS 0.25 par value - authorized 18,000,000 shares, 14,958,339 shares issued and outstanding at December 31, 2017 and 14,938,339 shares issued and outstanding at December 31, 2016 |
1,026
|
1,024
|
|
| Additional paid-in capital |
82,157
|
81,515
|
|
| Accumulated deficit |
(50,476)
|
(43,815)
|
|
| Total shareholders’ equity |
32,707
|
38,724
|
|
| Total liabilities and shareholders’ equity |
$ 54,198
|
$ 53,473
|
|
|
|