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Related Party Balances and Transactions | 12 Months Ended
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Dec. 31, 2019
Related Party Transactions [Abstract] |
RELATED PARTY BALANCES AND TRANSACTIONS |
NOTE 13: - | RELATED PARTY BALANCES AND TRANSACTIONS
| a. | The Company carries out transactions with related parties as detailed below.
| 1. | The Company is a party to a reseller agreement with Allot Communications Inc, ("Allot") giving Allot the right to distribute the Company's products. Until January 2019, Zohar Zisapel, a member of the Company's Board held an interest in Allot, making it a related party. As of January 2019, Mr. Zisapel divested all of his interest in Allot and therefore Allot is no longer a related party.
Revenues related to this reseller agreement are included in Note 13f below as "Revenues". For the years ended December 31, 2018 and 2017, revenues aggregated to $73 and $31, respectively.
| 2. | Certain premises occupied by the Company and its U.S. subsidiary are rented from related parties in which Mr. Zisapel holds an interest (see also Note 9). The U.S. subsidiary sub-leased certain premises to a related party until April 30, 2017. The aggregate net amounts of lease and maintenance expenses were $912, $967 and $843 in 2019, 2018 and 2017, respectively. The amount presented in "Capital expenditures" in Note 13f below refers to $40 reimbursement of expenses in connection with the renovation of the U.S subsidiary office during the year ended December 31, 2018. Following the adoption of ASC 842 commencing January 1, 2019, the Company also recorded operating lease right-of use assets and operating lease liabilities related to such lease and maintenance expenses which are presented in Note 13e below.
| 3. | Mr. Zisapel also holds an interest in and serves as director for various entities known as the RAD-BYNET Group. Certain entities within the RAD-BYNET Group provide the Company and its U.S. subsidiary with administrative and IT services. The aggregate amounts of administrative and IT services provided were $49, $32 and $39 in 2019, 2018 and 2017, respectively. Such amounts expensed by the Company are disclosed in Note 13f below as part of "Expenses" and "Capital expenses".
| 4. | From time to time, the Company also purchases certain products and services from members of the RAD-BYNET Group. No such purchases were made in 2019, however, in 2018 and 2017, the aggregate amounts of such purchases were approximately $2 and $15 respectively. Such amounts expensed by the Company are disclosed in Note 13f below as part of "Expenses".
| b. | The executive chairman of the Board, Ms. Rachel (Heli) Bennun (the "Executive Chairman") is, among other things, Mr. Zisapel's life partner. The Executive Chairman is entitled to a fixed monthly salary. During the years ended December 31, 2019, 2018 and 2017 the Company recorded salary expenses with respect to the Executive Chairman in the amount of $108, $108 and $183, respectively. Such amounts expensed by the Company are disclosed in Note 13f below as part of "Expenses".
| c. | Between 2015 and March 2019, the Company entered into several agreements with Amdocs Software Systems Limited ("Amdocs") for the sale of the Company's solutions and services. Until January 31, 2019, Mr. Zisapel served as a member of the board of directors of Amdocs. As of January 31, 2019, Amdocs is no longer considered a related party.
Revenues related to this reseller agreement are included in Note 13f below as "Revenues". For the years ended December 31, 2018 and 2017, revenues aggregated to $16,296 and $24,528, respectively.
| d. | The Company's current Chief Financial Officer is a member of the board of directors and chairman of the audit committee of Matrix IT Ltd. ("Matrix"). Accordingly, as of October 2018, Matrix is considered a related party. The Company has entered into certain limited term engagements with Matrix or its affiliated companies in connection with specific development projects and/or use of software platform. The aggregate amount of services provided by Matrix or its affiliates, as a related party, aggregated to $288 and $4 during the years ended December 31, 2019 and 2018, respectively. Such amount expensed by the Company is disclosed in Note 13f below as part of "Expenses".
| e. | Balances with related parties:
|  | December 31, |
|  | 2019 |  |  | 2018 |
Assets: |  |  |  |  |  |
Trade receivables, net |  | $ | - |  |  | $ | 13,596 |
Other accounts receivable and prepaid expenses |  | $ | 37 |  |  | $ | - |
Operating lease right-of-use assets |  | $ | 4,499 |  |  | $ | - |
Liabilities: |  |  |  |  |  |  |  |
Trade payables |  | $ | 105 |  |  | $ | 81 |
Other liabilities and accrued expenses |  | $ | 31 |  |  | $ | 12 |
Operating lease liabilities - current |  | $ | 816 |  |  | $ | - |
Operating lease liabilities – non-current |  | $ | 4,016 |  |  | $ | - |
| f. | Transactions with related parties:
|  | Year ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Revenues |  | $ | - |  |  | $ | 16,369 |  |  | $ | 24,559 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  | $ | 297 |  |  | $ | 163 |  |  | $ | 201 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Research and development, net |  | $ | 716 |  |  | $ | 507 |  |  | $ | 371 |
Sales and marketing, net |  | $ | 155 |  |  | $ | 212 |  |  | $ | 217 |
General and administrative |  | $ | 177 |  |  | $ | 191 |  |  | $ | 293 |
Capital expenses |  | $ | 12 |  |  | $ | 40 |  |  | $ | 9 |

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- References No definition available. + Details
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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