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Selected Statement of Operations Data
 12 Months Ended
Dec. 31, 2018
Selected Statement of Operations Data [Abstract]  
SELECTED STATEMENT OF OPERATIONS DATA

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.

 

The following table sets forth the revenues classified by product lines:

 

    Years ended December 31,  
    2 0 1 8     2 0 1 7     2 0 1 6  
    U.S. dollars in thousands  
                   
Product line “A”   $ 14,923     $ 14,722     $ 14,544  
Product line “B”     3,212       3,340       3,508  
    $ 18,135   $ 18,062     $ 18,052  

 

2) The following table sets forth the geographical revenues classified by geographical location of the customers:

 

    Years ended December 31,  
    2 0 1 8     2 0 1 7     2 0 1 6  
    U.S. dollars in thousands  
                   
United States   $ 13,130   $ 12,995     $ 12,711  
Europe     3,328       3,181       3,333  
Israel     884       977       880  
Other     793       909       1,128  
    $ 18,135     $ 18,062     $ 18,052  

 

3) The Company adopted ASC 606 on January 1, 2018 using the modified retrospective approach for all contracts not completed as of the date of adoption. Under the previous pronouncement ASC 605, the total revenues for the year ended December 31, 2018 would have been $17,959 thousand.

 

b. Research and development expenses:

 

    Years ended December 31,  
    2 0 1 8     2 0 1 7     2 0 1 6  
    U.S. dollars in thousands  
                   
Payroll and related expenses   $ 3,136   $ 2,788     $ 2,682  
Rent and related expenses     335       280       330  
Depreciation and amortization     34       37       53  
Subcontracting     87       165       307  
Other     155       147       145  
    $ 3,747   $ 3,417     $ 3,517  

 

c. Selling and marketing expenses:

 

    Years ended December 31,  
    2 0 1 8     2 0 1 7     2 0 1 6  
    U.S. dollars in thousands  
                   
Payroll and related expenses   $ 978   $ 953     $ 911  
Depreciation and amortization     6       5       5  
Travel and conventions     67       58       71  
Other     217       234       118  
    $ 1,268   $ 1,250     $ 1,105  

 

d. General and administrative expenses:

 

    Years ended December 31,  
    2 0 1 8     2 0 1 7     2 0 1 6  
    U.S. dollars in thousands  
                   
Payroll and related expenses   $ 1,026   $ 1,105     $ 1,039  
Depreciation and amortization     15       16       18  
Insurance     36       42       50  
Office expenses     53       58       69  
Professional services     333       326       242  
Allowance for doubtful accounts and bad debts     -       -       (245 )
Other     161       129       220  
    $ 1,624     $ 1,676     $ 1,393  

 

e. Financial income (expense) - net:

 

    Years ended December 31,  
    2 0 1 8     2 0 1 7     2 0 1 6  
    U.S. dollars in thousands  
Income:                  
Interest on bank deposits and short-term investments   $ 208     $ 75     $ 49  
Non-dollar currency gains - net     -       415       13  
Income from marketable securities     77       136       143  
Realized gain from sale of available-for-sale securities     28       -       -  
Interest on available-for-sale securities     27       42       58  
      340       668       263  
Expenses:                        
Non-dollar currency losses - net     (107 )     -       -  
Realized loss from sale of available-for-sale securities     -       (24 )     (84 )
Bank commissions and charges     (11 )     (14 )     (13 )
      (118 )     (38 )     (97 )
    $ 222     $ 630     $ 166  

 

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

 

The following table sets forth the computation of the Company’s basic and diluted net loss per share of common stock:

 

    Years ended December 31,  
    2 0 1 8     2 0 1 7     2 0 1 6  
    in thousands  
                   
Weighted average number of shares issued and 
outstanding - used in computation of basic EPS		     19,344       19,292       19,234  
Add - incremental shares from assumed exercise of 
options		     217       267       73  
                         
Weighted average number of shares used in 
computation of diluted EPS		     19,561       19,559       19,307  

 

In the years ended December 31, 2018, 2017 and 2016, 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 334,200 options, 354,000 options and 489,500 options, for the years ended December 31, 2018, 2017 and 2016 respectively.