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SELECTED STATEMENT OF OPERATIONS DATA
 12 Months Ended
Dec. 31, 2012
Organization, Consolidation and Presentation Of Financial Statements [Abstract]  
Additional Financial Information Disclosure [Text Block]
NOTE 10 - SELECTED STATEMENT OF OPERATIONS DATA

 

a. Revenues:

 

1) The Company's revenues derive from sale of software products in one operating segment. The Company has two product lines: (i) product line “A” - billing and customer care solutions for service providers; and (ii) product line “B” - call accounting and call management solutions for enterprises. Revenues from Sentori and Omni product lines are included in product line “A”.

 

Following are data regarding revenues classified by product lines:

 

    Years ended December 31,  
    2 0 1 2     2 0 1 1     2 0 1 0  
    U.S. dollars in thousands  
                   
Product line “A”   $ 15,707     $ 14,804     $ 15,717  
Product line “B”     4,502       4,109       4,169  
    $ 20,209     $ 18,913     $ 19,886  

 

2) Following are data regarding geographical revenues classified by geographical location of the customers:

 

    Years ended December 31,  
    2 0 1 2     2 0 1 1     2 0 1 0  
    U.S. dollars in thousands  
                   
United States   $ 10,882     $ 9,405     $ 9,137  
United Kingdom     668       403       850  
Italy     434       1,542       1,483  
Rest of Europe     4,143       4,740       5,456  
Israel     3,045       1,551       1,053  
Other     1,037       1,272       1,907  
    $ 20,209     $ 18,913     $ 19,886  

 

Property and equipment - by geographical location:

 

    December 31  
    2 0 1 2     2 0 1 1  
    U.S. dollars in  
    thousands  
             
Israel   $ 292     $ 487  
Romania     381       389  
United Kingdom     6       3  
United States     2       1  
    $ 681     $ 880  

 

 

b. Research and development expenses:

 

    Years ended December 31,  
    2 0 1 2     2 0 1 1     2 0 1 0  
    U.S. dollars in thousands  
                   
Payroll and related expenses   $ 3,574     $ 3,780     $ 3,185  
Rent and related expenses     286       300       266  
Depreciation and amortization     163       169       168  
Subcontracting     224       114       116  
Other     396       310       322  
    $ 4,643     $ 4,673     $ 4,057  

 

c. Selling and marketing expenses:

 

    Years ended December 31,  
    2 0 1 2     2 0 1 1     2 0 1 0  
    U.S. dollars in thousands  
                   
Payroll and related expenses   $ 1,180     $ 1,644     $ 1,584  
Depreciation and amortization     12       17       142  
Travel and conventions     155       145       166  
Other     177       189       227  
    $ 1,524     $ 1,995     $ 2,119  

 

d. General and administrative expenses:

 

    Years ended December 31,  
    2 0 1 2     2 0 1 1     2 0 1 0  
    U.S. dollars in thousands  
                   
Payroll and related expenses   $ 980     $ 1,013     $ 1,065  
Depreciation and amortization     24       57       71  
Insurances     67       85       114  
Office expenses     117       123       78  
Professional services     368       337       331  
Allowance for doubtful accounts and bad debts     33       (5 )     (201 )
Other     229       224       97  
    $ 1,818     $ 1,834     $ 1,555  

 

e. Impairment of intangible asset:

 

During 2010 and based on an impairment test, the Company decided to write off the remaining balance of the intangible assets.

Amortization expenses totaled $637 thousand in the year ended December 31, 2010.

 

The expenses recorded in 2010 include an impairment charged to Customer relationship and technology related to the acquisition of Omni in the amount of approximately $407 thousand. During the impairment test which is performed each year (see note 4) the company reassess the intangible assets for impairment by subtracting the asset's fair value from the asset's carrying value.

  

 

f. Financial income - net:

 

    Years ended December 31,  
    2 0 1 2     2 0 1 1     2 0 1 0  
    U.S. dollars in thousands  
Income:                        
Interest on bank deposits and short-term investments   $ 260     $ 157     $ 94  
Non-dollar currency gains - net     23       -       -  
Interest on available for sale securities     47       154       -  
      330       311       94  
Expenses:                        
Non-dollar currency losses - net     -       (58 )     (19 )
Bank commissions and charges     (8 )     (21 )     (26 )
Realized loss on sale of available for sale securities     (24 )     (61 )     -  
      (32 )     (140 )     (45 )
                         
    $ 298     $ 171     $ 49  

 

g. Earnings per ordinary share (“EPS”):

 

Following are data relating to the weighted average number of shares for the purpose of computing EPS:

 

    Years ended December 31,  
    2 0 1 2     2 0 1 1     2 0 1 0  
    U.S. dollars in thousands  
                   
Weighted average number of shares issued and outstanding - used in computation of basic EPS     18,767       18,679       18,467  
A d d - incremental shares from assumed exercise of options     79       124       146  
                         
Weighted average number of shares used in computation of diluted EPS     18,846       18,803       18,613  

 

In the years ended December 31, 2012, 2011 and 2010, options that their effect was anti-dilutive, were not taken into account in computing the diluted earning per share.

 

The number of options that could potentially dilute EPS in the future and were not included in the computing of diluted EPS is 425,200 options for 2012, 266,200 options for 2011 and 508,400 options for 2010.