SELECTED STATEMENT OF OPERATIONS DATA

12 Months Ended

Dec. 31, 2014

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Additional Financial Information Disclosure [Text Block]

NOTE 10 -

SELECTED STATEMENT OF OPERATIONS DATA

Revenues:

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,
	2014		2013		2012
	U.S. dollars in thousands

Product line “A”	$	20,990	$	14,210	$	15,707
Product line “B”		4,030		4,270		4,502
	$	25,020	$	18,480	$	20,209

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

	Years ended December 31,
	2014		2013		2012
	U.S. dollars in thousands

United States	$	14,411	$	11,809	$	10,882
United Kingdom		763		1,221		668
Rest of Europe		6,402		2,537		4,577
Israel		2,256		1,768		3,045
Other		1,188		1,145		1,037
	$	25,020	$	18,480	$	20,209

Property and equipment - by geographical location:

	December 31
	2014		2013
	U.S. dollars in
	thousands

Israel	$	193	$	250
Romania		421		395
United Kingdom		-		-
United States		4		5
	$	618	$	650

Research and development expenses:

	Years ended December 31,
	2014		2013		2012
	U.S. dollars in thousands

Payroll and related expenses	$	3,614	$	3,972	$	3,574
Rent and related expenses		367		378		286
Depreciation and amortization		114		133		163
Subcontracting		189		188		224
Other		255		359		396
	$	4,539	$	5,030	$	4,643

Selling and marketing expenses:

	Years ended December 31,
	2014		2013		2012
	U.S. dollars in thousands

Payroll and related expenses	$	963	$	1,459	$	1,180
Depreciation and amortization		3		8		12
Travel and conventions		79		108		155
Other		95		119		177
	$	1,140	$	1,694	$	1,524

General and administrative expenses:

	Years ended December 31,
	2014		2013		2012
	U.S. dollars in thousands

Payroll and related expenses	$	1,298	$	1,105	$	980
Depreciation and amortization		17		21		24
Insurances		65		60		67
Office expenses		99		102		117
Professional services		269		302		368
Allowance for doubtful accounts and bad debts		-		-		33
Other		186		136		229
	$	1,934	$	1,726	$	1,818

Financial income (expense) - net:

	Years ended December 31,
	2014		2013		2012
	U.S. dollars in thousands
Income:
Interest on bank deposits and short-term investments	$	151	$	97	$	260
Non-dollar currency gains - net		-		17		23
Income from Marketable securities		148		33		-
Realized gain from sale of available for sale securities		38		-		-
Interest on available for sale securities		33		35		47
		370		182		330
Expenses:
Non-dollar currency losses - net		(663)		-		-
Bank commissions and charges		(13)		(19)		(8)
Realized loss on sale of available for sale securities		-		-		(24)
		(676)		(19)		(32)

	$	(306)	$	163	$	298

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,
	2014		2013		2012

	U.S. dollars in thousands

Weighted average number of shares issued and outstanding - used in computation of basic EPS		18,949		18,869		18,767
A d d - incremental shares from assumed exercise of options		83		21		79

Weighted average number of shares used in computation of diluted EPS		19,032		18,890		18,846

In the years ended December 31, 2014, 2013 and 2012, options that their effect was anti-dilutive, were not taken into account in computing the diluted earnings 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 636,000 options for 2014, 400,000 options for 2013 and 425,200 options for 2012.