| Jun'13 | Jun'12 | Jun'11 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
-782,000 | 852,000 | 557,000 | ||||
Adjustments to reconcile net loss to net cash provided by in operating activities: | ||||||
Share-based compensation expenses | ||||||
43,000 | 84,000 | 0 | ||||
Issuance of Ordinary shares in conjunction with consulting services | ||||||
0 | 212,000 | 0 | ||||
Depreciation and amortization | ||||||
52,000 | 55,000 | 58,000 | ||||
Accrued severance pay, net | ||||||
-27,000 | -27,000 | - | ||||
Accrued severance pay, net | ||||||
- | - | -1,000 | ||||
Erosion of non-dollar linked restricted cash and long term assets | ||||||
-22,000 | 1,000 | -17,000 | ||||
Decrease in deferred tax assets, net | ||||||
-52,000 | 0 | - | ||||
Decrease in trade receivables, net | ||||||
330,000 | 580,000 | 946,000 | ||||
Increase (decrease) in interest pay | ||||||
- | - | -5,000 | ||||
Increase in fair value of convertible debentures | ||||||
- | - | 437,000 | ||||
Decrease (increase) in other accounts receivable and prepaid expenses | ||||||
-93,000 | -206,000 | -67,000 | ||||
Increase (decrease) in trade payables | ||||||
311,000 | -347,000 | -209,000 | ||||
Increase (decrease) in deferred revenues | ||||||
-378,000 | 518,000 | 165,000 | ||||
Increase (decrease) in accrued expenses and other accounts payable | ||||||
-274,000 | -607,000 | 1,118,000 | ||||
Net cash used in operating activities | ||||||
-1,262,000 | 367,000 | 1,224,000 | ||||
Cash flows from investing activities: | ||||||
Decrease (increase) in restricted deposits | ||||||
35,000 | 0 | 305,000 | ||||
Purchase of property and equipment | ||||||
26,000 | 25,000 | 75,000 | ||||
Increase in long-term deposits | ||||||
0 | 0 | 6,000 | ||||
Net cash used in investing activities | ||||||
-61,000 | -25,000 | -386,000 | ||||
Cash flows from financing activities: | ||||||
Proceeds from exercise of Warrants and stock options | ||||||
19,000 | 190,000 | 39,000 | ||||
Proceeds from Issuance of Ordinary shares, net of issuance expenses | ||||||
- | - | 2,656,000 | ||||
Payment for repurchase convertible debentures tender | ||||||
- | - | 0 | ||||
Decrease (increase) in short term bank borrowings | ||||||
597,000 | 0 | 0 | ||||
Payment of accrued issuance expenses | ||||||
0 | 0 | - | ||||
Repayment of convertible debentures | ||||||
- | - | 925,000 | ||||
Net cash provided (used) by financing activities | ||||||
616,000 | 190,000 | 1,770,000 | ||||
Effect of exchange rate on cash and cash equivalent balances | ||||||
26,000 | -121,000 | 78,000 | ||||
Increase (decrease) in cash and cash equivalents | ||||||
-681,000 | 411,000 | 2,686,000 | ||||
Supplemental disclosure of cash flows activities: | ||||||
Cash paid during the year for: | ||||||
Taxes | ||||||
28,000 | 32,000 | 2,000 | ||||
Interest | ||||||
18,000 | 0 | 3,000 | ||||
Accrued ordinary shares issuance expenses | ||||||
0 | 0 | 159,000 | ||||