SELECTED STATEMENT OF OPERATIONS DATA

12 Months Ended

Dec. 31, 2015

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Additional Financial Information Disclosure [Text Block]

NOTE 10 - SELECTED STATEMENT OF OPERATIONS DATA

a. 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,
	2015		2014		2013
	U.S. dollars in thousands

Product line “A”	$	16,567	$	20,990	$	14,210
Product line “B”		4,361		4,030		4,270
	$	20,928	$	25,020	$	18,480

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

	Years ended December 31,
	2015		2014		2013
	U.S. dollars in thousands

United States	$	11,292	$	14,411	$	11,809
United Kingdom		904		763		1,221
Rest of Europe		5,793		6,402		2,537
Israel		1,417		2,256		1,768
Other		1,522		1,188		1,145
	$	20,928	$	25,020	$	18,480

Property and equipment - by geographical location:

	December 31
	2015		2014
	U.S. dollars in
	thousands

Israel	$	182	$	193
Romania		407		421
United States		2		4
	$	591	$	618

b. Research and development expenses:

	Years ended December 31,
	2015		2014		2013
	U.S. dollars in thousands

Payroll and related expenses	$	2,148	$	3,614	$	3,972
Rent and related expenses		321		367		378
Depreciation and amortization		72		114		133
Subcontracting		202		189		188
Other		200		255		359
	$	2,943	$	4,539	$	5,030

c. Selling and marketing expenses:

	Years ended December 31,
	2015		2014		2013
	U.S. dollars in thousands

Payroll and related expenses	$	949	$	963	$	1,459
Depreciation and amortization		4		3		8
Travel and conventions		123		79		108
Other		97		95		119
	$	1,173	$	1,140	$	1,694

d. General and administrative expenses:

	Years ended December 31,
	2015		2014		2013
	U.S. dollars in thousands

Payroll and related expenses	$	923	$	1,298	$	1,105
Depreciation and amortization		19		17		21
Insurances		55		65		60
Office expenses		68		99		102
Professional services		276		269		302
Allowance for doubtful accounts and bad debts		245		-		-
Other		180		186		136
	$	1,766	$	1,934	$	1,726

Financial income (expense) - net:

	Years ended December 31,
	2015		2014		2013
	U.S. dollars in thousands
Income:
Interest on bank deposits and short-term investments	$	54	$	151	$	97
Non-dollar currency gains - net		-		-		17
Income from marketable securities		102		148		33
Realized gain from sale of available-for-sale securities		-		38		-
Interest on available for sale securities		59		33		35
		215		370		182
Expenses:
Non-dollar currency losses - net		(315)		(663)		-
Bank commissions and charges		(14)		(13)		(19)
Realized loss on sale of available-for-sale securities				-		-
		(329)		(676)		(19)
	$	(114)	$	(306)	$	163

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,
	2015		2014		2013
	U.S. dollars in thousands

Weighted average number of shares issued and outstanding - used in computation of basic EPS		19,183		18,949		18,869
Add - incremental shares from assumed exercise of options		100		83		21

Weighted average number of shares used in computation of diluted EPS		19,283		19,032		18,890

In the years ended December 31, 2015, 2014 and 2013, options that their effect was anti-dilutive, were not taken into account in computing the diluted EPS.

The number of options that could potentially dilute EPS in the future and were not included in the computation of diluted EPS is 708,000 options, 636,000 options and 400,000 options, respectively for the years ended December 31, 2015, 2014 and 2013.