| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net income (loss) | ||||||||
1,869 | 7,034 | -2,848 | -2,945 | 3,486 | 2,152 | -3,016 | -11,527 | - |
Adjustments required to reconcile net income (loss) to net cash (used in) provided by operating activities: | ||||||||
Loss from discontinued operations | ||||||||
- | - | - | - | - | - | - | - | 191 |
Loss from continuing operations | ||||||||
- | - | - | - | - | - | - | - | 725 |
Depreciation | ||||||||
1,990 | 1,835 | 1,789 | 1,851 | 1,558 | 1,196 | 1,087 | 1,103 | 1,016 |
Amortization of intangible assets | ||||||||
1,677 | 2,205 | 2,875 | 3,043 | 2,696 | 1,091 | - | 1,905 | -1,710 |
Amortization of intangible assets | ||||||||
- | - | - | - | - | - | 1,185 | 39 | 162 |
Stock based compensation | ||||||||
779 | 421 | 878 | 622 | 1,411 | 437 | 447 | 408 | 741 |
Change in fair value of acquisition earn out liabilities | ||||||||
- | - | - | - | -2,000 | 0 | - | - | - |
Adjustment to value of warrants and embedded features on the senior convertible notes | ||||||||
- | - | - | - | - | - | - | 161 | -232 |
Loss from sale of property and equipment | ||||||||
-47 | -5 | -8 | 781 | -12 | -16 | -15 | 0 | 47 |
Deferred tax provision | ||||||||
463 | -5,468 | 836 | 914 | 598 | 598 | 598 | 1,658 | -285 |
Changes in operating assets and liabilities: | ||||||||
Trade receivables | ||||||||
-2,536 | 1,857 | -659 | -194 | 2,529 | 2,723 | -2,244 | -186 | -891 |
Contract assets | ||||||||
5,501 | 5,085 | -1,155 | - | - | - | - | - | - |
Unbilled receivables | ||||||||
- | - | - | -3,804 | -2,337 | -4,910 | 7,651 | 2,441 | 861 |
Allowances for legal settlements, excluding recoveries on notes receivable | ||||||||
- | - | - | - | - | - | - | - | 803 |
Inventories | ||||||||
- | - | - | - | - | 41 | -241 | -186 | 102 |
Other accounts receivable and prepaid expenses | ||||||||
-44 | 252 | 1,176 | -148 | -582 | 219 | -277 | 416 | 1,896 |
Inventories | ||||||||
1,295 | -2,067 | 652 | -203 | -809 | - | 530 | 1,735 | -332 |
Severance pay, net | ||||||||
329 | 1,894 | -1,210 | -43 | -38 | -95 | - | - | - |
Trade payables | ||||||||
866 | 1,282 | -1,532 | -858 | -1,143 | -2,049 | 462 | 3,437 | 642 |
Other accounts payable and accrued expenses | ||||||||
-154 | 1,252 | -103 | -944 | 6 | 1,805 | 622 | -2,026 | 112 |
Contract liabilities | ||||||||
276 | 357 | -458 | - | - | - | - | - | - |
Deferred revenues | ||||||||
- | - | - | -946 | -464 | 3,221 | -221 | -1,749 | 1,442 |
Discontinued operations | ||||||||
- | - | - | - | - | -291 | - | - | - |
Net cash (used in) provided by operating activities | ||||||||
3,272 | 1,904 | 2,641 | 4,351 | 7,402 | 10,200 | -4,403 | -5,816 | 9,196 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Purchases of property and equipment | ||||||||
1,774 | 4,824 | 1,555 | 2,002 | 2,122 | - | 950 | 2,633 | 1,252 |
Additions to capitalized software | ||||||||
937 | 588 | 364 | 537 | 377 | 3 | 334 | 406 | 548 |
Acquisition of UEC(1) | ||||||||
- | - | - | - | 29,113 | 0 | - | - | - |
Investment in marketable securities | ||||||||
- | - | - | - | - | - | - | - | 402 |
Decrease in restricted collateral deposits | ||||||||
- | - | - | -146 | -262 | 312 | -1,493 | 6 | 55 |
Purchase of property and equipment | ||||||||
- | - | - | - | - | -1,701 | 13 | 399 | - |
Proceeds from sale of property and equipment | ||||||||
94 | 33 | 31 | 953 | 25 | 25 | - | 12 | 85 |
Discontinued operations | ||||||||
- | - | - | - | - | 44 | 148 | -114 | 201 |
Net cash used in investing activities | ||||||||
-2,617 | -5,378 | -1,888 | -1,439 | -31,326 | -1,946 | 370 | -2,749 | -1,971 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Proceeds from long term debt | ||||||||
0 | 2,150 | 11,000 | 0 | 22,500 | 0 | 756 | 1,125 | - |
Repayment of long term debt | ||||||||
2,253 | 1,842 | 16,682 | 5,096 | 3,110 | 878 | - | 816 | 1,056 |
Other financing activities | ||||||||
-54 | 0 | 0 | - | - | - | - | - | - |
Change in short term bank credit | ||||||||
408 | 2,119 | -1,086 | 4,026 | 33 | -9,787 | - | - | - |
Purchase of treasury stock | ||||||||
- | - | - | - | 229 | 0 | - | - | - |
Payment of acquisition related earnout | ||||||||
- | - | - | 2,500 | 0 | 0 | - | - | - |
Proceeds from sale of common stock, net of offering costs | ||||||||
0 | 0 | 2,952 | 0 | 10,698 | - | - | - | - |
Change in short term bank credit | ||||||||
- | - | - | - | - | - | -3,169 | -4,130 | 1,586 |
Proceeds from sale of common stock, net of offering costs | ||||||||
- | - | - | - | - | -6,338 | 0 | 113 | 193 |
Discontinued operations | ||||||||
- | - | - | - | - | -49 | -393 | 293 | -55 |
Discontinued operations | ||||||||
- | - | - | - | - | - | -165 | 5,315 | 2,316 |
Net cash provided by (used in) financing activities | ||||||||
-1,899 | 2,426 | -3,816 | -3,569 | 29,891 | -4,377 | 3,532 | 4,619 | -2,891 |
INCREASE (DECREASE) IN CASH, RESTRICTED CASH, AND CASH EQUIVALENTS | ||||||||
-1,243 | -1,047 | -3,063 | - | - | - | - | - | - |
CASH DIFFERENCES DUE TO EXCHANGE RATE DIFFERENCES | ||||||||
200 | -863 | -234 | - | - | - | - | - | - |
DECREASE IN CASH AND CASH EQUIVALENTS | ||||||||
- | - | - | -657 | 5,967 | 3,877 | - | - | - |
CASH DIFFERENCES DUE TO EXCHANGE RATE CHANGES | ||||||||
- | - | - | -26 | -497 | 256 | - | -97 | 192 |
INCREASE (DECREASE) IN CASH, RESTRICTED CASH, AND CASH EQUIVALENTS | ||||||||
- | - | - | - | - | - | -499 | -3,946 | 4,333 |
CASH DIFFERENCES DUE TO EXCHANGE RATE DIFFERENCES | ||||||||
- | - | - | - | - | 106 | -212 | 108 | -91 |
NET CHANGE IN CASH AND CASH EQUIVALENTS - DISCONTINUED | ||||||||
- | - | - | - | - | - | -31 | 459 | -451 |
Interest paid during the period | ||||||||
855 | 765 | 712 | - | - | - | - | - | - |
Interest paid during the period | ||||||||
- | - | - | 1,084 | 1,004 | 420 | 400 | 160 | 443 |
Taxes paid on income during the period | ||||||||
415 | 169 | 221 | 679 | 256 | 93 | 38 | 160 | 179 |
Common stock issued in acquisition of UEC | ||||||||
- | - | - | - | 4,216 | 0 | - | - | - |
Taxes paid on income during the period | ||||||||
- | - | - | - | - | - | - | 642 | 830 |