| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income | ||||||||
773 | 360 | 334 | -433 | 0 | -549 | -3,214 | -635 | -9,101 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||||
Loss from discontinued operations | ||||||||
- | - | - | - | - | - | - | -806 | -3,075 |
Net profit (loss) from continuing operations | ||||||||
- | - | - | - | - | - | - | 171 | -6,026 |
Depreciation and amortization | ||||||||
245 | 248 | 205 | 269 | 352 | 363 | 656 | 611 | 596 |
Inventory write off | ||||||||
- | - | - | - | - | - | 443 | 36 | 2,235 |
Impairment of other intangible assets | ||||||||
- | - | - | - | - | - | 555 | 0 | 383 |
Gain from sale and disposal of property and equipment | ||||||||
10 | 14 | 0 | 0 | -11 | -79 | 0 | 0 | - |
Capital loss from sale of investment in other company | ||||||||
- | - | - | - | - | - | - | -7 | 0 |
Currency fluctuation of deposits and loans | ||||||||
-242 | -70 | 16 | 171 | 10 | -21 | 0 | 0 | - |
Severance pay, net | ||||||||
-92 | -39 | -29 | 9 | -35 | - | - | - | - |
Impairment of available for sale securities | ||||||||
- | - | - | - | - | - | 156 | 0 | 304 |
Impairment of investment in other company | ||||||||
- | - | - | - | - | 68 | 39 | 111 | 53 |
Severance pay, net | ||||||||
- | - | - | - | - | -24 | - | - | - |
Severance pay, net | ||||||||
- | - | - | - | - | - | 5 | 0 | -160 |
Share-based compensation expense | ||||||||
60 | 124 | 130 | 302 | 211 | 107 | 169 | 217 | 649 |
Issuance of shares to service provider | ||||||||
0 | -23 | 0 | 0 | - | - | - | - | - |
Change in fair value of contingent consideration related to acquisition | ||||||||
0 | 178 | 0 | 0 | - | - | - | - | - |
Amortization of discount on convertible note | ||||||||
- | - | - | - | - | 22 | 202 | 225 | 108 |
Accrued interest and currency differences on liability related to Dimex acquisition | ||||||||
- | - | - | - | - | - | 230 | 196 | 104 |
Conversion expenses of convertible note | ||||||||
- | - | - | - | - | - | 760 | 0 | 0 |
Revaluation of fair value related to extension of warrants as part of an inducement of a convertible note | ||||||||
- | - | - | - | - | - | 86 | 0 | 0 |
Increase in trade receivables, net | ||||||||
1,876 | 857 | 927 | -1,993 | 130 | -500 | 1,045 | 417 | -2,897 |
Change in income tax accruals | ||||||||
- | - | - | - | - | - | -199 | 52 | 343 |
Decrease (Increase) in inventories in other accounts receivable and other assets | ||||||||
-58 | 274 | 235 | -305 | 201 | -140 | -363 | 114 | 155 |
Decrease (Increase) in inventories | ||||||||
926 | -189 | -340 | -875 | 558 | -860 | -506 | -138 | 66 |
Increase (decrease) in trade payables | ||||||||
1,350 | -70 | 203 | -1,764 | 1,317 | 750 | -46 | 332 | -818 |
Increase (decrease) in employees and payroll accruals, deferred revenues, accrued expenses and other liabilities | ||||||||
347 | -21 | 307 | -283 | 21 | -628 | -31 | -105 | -426 |
Net cash used in operating activities from discontinued operations | ||||||||
- | - | - | - | - | - | - | -176 | -1,291 |
Net cash provided by (used in) operating activities | ||||||||
355 | -361 | 370 | 1,084 | 1,048 | 1,709 | - | 1,284 | -1,270 |
Net cash provided by (used in) operating activities | ||||||||
- | - | - | - | - | - | -365 | 1,460 | 21 |
Cash flows from investing activities: | ||||||||
Purchase of property and equipment | ||||||||
368 | 139 | 66 | 60 | 113 | 82 | 357 | 108 | 320 |
Proceeds from sale of property and equipment | ||||||||
53 | 15 | 0 | 28 | 337 | 26 | 0 | 0 | - |
Change in long-term bank deposits | ||||||||
29 | -10 | -275 | 49 | 14 | 0 | 427 | 0 | 0 |
Acquisition of business | ||||||||
0 | -154 | 0 | 0 | - | - | - | - | - |
Change in loan granted related to acquisition of business | ||||||||
0 | 0 | 256 | 0 | 0 | - | - | - | - |
Proceeds from sale of investment in other company | ||||||||
- | - | - | - | - | - | - | 150 | 0 |
Repayment of deferred consideration related to the Dimex acquisition | ||||||||
- | - | - | - | - | 255 | 256 | 147 | 967 |
Net cash used in investing activities | ||||||||
-344 | -268 | -47 | -81 | 210 | -311 | -1,040 | -105 | -1,287 |
Cash flows from financing activities: | ||||||||
Net cash used in investing activities from discontinued operations | ||||||||
- | - | - | - | - | - | - | 0 | -74 |
Net cash used in investing activities | ||||||||
- | - | - | - | - | - | - | -105 | -1,361 |
Proceeds from issuance of shares, net | ||||||||
606 | 1,260 | 760 | 1,725 | 336 | 0 | 0 | 265 | -17 |
Proceeds from exercise of options | ||||||||
0 | 30 | 0 | 0 | - | - | - | - | - |
Repayment of deferred consideration related to the Dimex acquisition | ||||||||
0 | 0 | 59 | 130 | 77 | - | - | - | - |
Proceeds from long term loan | ||||||||
2,976 | 3,680 | 0 | 0 | - | - | - | - | - |
Repayment of long-term loans | ||||||||
3,346 | - | - | - | - | - | - | - | - |
Repayment of short and long-term loans | ||||||||
0 | -4,474 | -1,127 | -2,081 | -866 | -1,455 | 1,113 | -841 | -363 |
Net cash provided by (used in) financing activities from discontinued operations | ||||||||
- | - | - | - | - | - | - | -308 | 385 |
Net cash provided by (used in) financing activities | ||||||||
236 | 496 | -426 | -486 | -607 | -1,455 | - | -912 | 1,589 |
Proceeds from (repayment of) long-term convertible note and warrants, net of issuance expenses | ||||||||
- | - | - | - | - | - | - | -28 | 1,584 |
Net cash used in (provided by) financing activities | ||||||||
- | - | - | - | - | - | 1,113 | -604 | 1,204 |
Increase (decrease) in cash and cash equivalents | ||||||||
247 | -133 | -103 | 517 | 651 | -57 | -292 | 267 | -1,042 |
Increase (decrease) in cash and cash equivalents from discontinued operations | ||||||||
- | - | - | - | - | - | - | -128 | 359 |
Supplemental disclosure of cash flow activities: | ||||||||
(a) Net cash paid during the year for: | ||||||||
Interest | ||||||||
161 | 190 | 207 | - | - | - | - | - | - |
Taxes | ||||||||
7 | 12 | 13 | - | - | - | - | - | 1 |
Interest | ||||||||
- | - | - | 351 | 418 | 502 | 572 | 463 | 538 |
Taxes | ||||||||
- | - | - | 19 | 1 | - | - | - | - |
(a) Acquisition of iDnext Ltd. And Next-Line Ltd.: | ||||||||
Fair value of net tangible assets acquired at acquisition date | ||||||||
0 | 80 | 0 | 0 | - | - | - | - | - |
Fair value of net intangible assets acquired at acquisition date | ||||||||
0 | 806 | 0 | 0 | - | - | - | - | - |
Less- amount acquired by converting loan into shares | ||||||||
0 | 256 | 0 | 0 | - | - | - | - | - |
Less-Contingent consideration on account of acquisition | ||||||||
0 | 178 | 0 | 0 | - | - | - | - | - |
Less- amount acquired by issuance of shares | ||||||||
0 | 298 | 0 | 0 | - | - | - | - | - |
Net cash used to pay for Acquisition of iDnext Ltd. and Next-Line Ltd. | ||||||||
0 | 154 | 0 | 0 | - | - | - | - | - |
Conversion of payable into long-term convertible debentures | ||||||||
- | - | - | - | - | - | - | 161 | 675 |
Deferred charges related to convertible note | ||||||||
- | - | - | - | - | - | - | - | 62 |
Sale of investment in other company | ||||||||
- | - | - | - | - | - | - | 150 | 0 |
Purchase of property and equipment | ||||||||
- | - | - | - | - | - | - | - | 47 |
Conversion of convertible note into share capital | ||||||||
- | - | - | - | - | - | 2,523 | 0 | 0 |