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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 4,452 $ 2,958
Short-term bank deposits 11,108 13,464
Marketable securities 193 182
Accounts receivable (net of allowance for credit losses of $208 and $12 as of December 31, 2024 and 2023, respectively) 2,498 2,295
Other current assets 493 538
Prepaid expenses 175 277
Total current assets 18,919 19,714
NON-CURRENT ASSETS:    
Accounts receivable (net of allowance for credit losses of $200 as of December 31, 2024) 448 714
Severance pay fund 2,346 2,051
Deferred income taxes 108 102
Property and equipment, net 156 216
Right-of-use assets, net 861 690
Intangible assets, net 135 266
Goodwill 7,729 7,872
Total assets 30,702 31,625
CURRENT LIABILITIES:    
Accounts payable 769 989
Other current liabilities and accruals 1,469 1,749
Current maturities of lease liabilities 188 218
Deferred revenues 849 1,517
Total current liabilities 3,275 4,473
LONG-TERM LIABILITIES:    
Deferred revenues 108 100
Lease liabilities, net of current maturities 637 424
Accrued severance pay 2,346 2,060
Deferred income taxes 40 80
Total liabilities 6,406 7,137
SHAREHOLDERS’ EQUITY:    
Share capital - Ordinary shares of NIS 0.01 par value – Authorized: 88,000,000 shares as of December 31, 2024 and 2023; Issued: 21,660,010 shares as of December 31, 2024 and 2023; Outstanding: 20,366,326 and 20,184,826 shares as of December 31, 2024 and 2023, respectively 54 54
Additional paid-in capital 27,904 27,776
Accumulated other comprehensive loss (1,207) (1,001)
Accumulated deficit (1,572) (1,334)
Treasury shares - 1,293,684 and 1,475,184 shares as of December 31, 2024 and 2023, respectively (883) (1,007)
Total shareholders’ equity 24,296 24,488
Total liabilities and shareholders’ equity $ 30,702 $ 31,625