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Entity Level Disclosures

12 Months Ended

Dec. 31, 2018

NOTE 21 - ENTITY LEVEL DISCLOSURES:

Management has determined the operating segment based on the information reviewed by the chief operating decision maker for the purposes of allocating resources and assessing performance. Accordingly, for management purposes, the Company has one operating segment, which is based on its revenues from licenses and services.

As of the date of these consolidated financial statements, the Company's activities are mainly focused on data security services and development and marketing of data security solutions. Most of the Company's customers are commercial Israeli and American companies. The remaining Company customers are European companies. Set forth below is a breakdown of the Company's revenues by geographic regions:

	Israel		USA		Other		Total
			U.S. dollars in thousands
Company's revenues:
For the year 2018		988		353		125		1,466
For the year 2017		823		227		46		1,096
For the year 2016*		590		243		10		843

The Company has initially applied IFRS 15 using the modified retrospective approach, the comparative information is not restated, See Note 2(q).

Principal customers:

Year ended December 31

2018

2017

2016*

U.S. dollars in thousands

Revenue with principal customers

308

436

499

	Percentage of total sales
Customer A		8	%	21	%	23	%
Customer B		2	%	13	%	-
Customer C		11	%	2	%	-
Customer D		10	%	-		-
Customer E		2	%	3	%	23	%
Customer F		1	%	3	%	14	%

The Company has initially applied IFRS 15 using the modified retrospective approach, the comparative information is not restated, See Note 2(q).