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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 13,520 $ 4,288
Trade receivables (net of allowances for credit losses of $97 and $118, respectively) 1,234 352
Deferred commissions 706 482
Prepaid expenses and other receivables 2,451 1,120
Current assets held for sale (Note 3) 0 1,082
Total current assets 17,911 7,324
LONG-TERM ASSETS:    
Long-term deferred commissions 797 521
Long-term lease deposits and prepaid expenses 630 686
Operating lease right-of-use assets 5,265 6,207
Severance pay fund 740 921
Property and equipment, net 1,126 1,980
Intangible assets, net 1,750 3,499
Goodwill 6,518 11,598
Long-term assets held for sale (Note 3) 0 13,392
Total long-term assets 16,826 38,804
Total assets 34,737 46,128
CURRENT LIABILITIES:    
Trade payables 1,228 1,059
Employees and payroll accruals 3,230 4,196
Accrued expenses and other liabilities ($0 and $4 attributable to related parties, respectively) 1,342 937
Operating lease liabilities, current 1,083 1,330
Operating lease liabilities 5,376  
Deferred revenues 6,581 3,004
Current liabilities held for sale (Note 3) 439 2,180
Total current liabilities 13,903 12,706
LONG-TERM LIABILITIES:    
Deferred revenues 2,590 72
Convertible Debentures ($242 and $238 attributable to related parties, respectively) 8,717 8,578
Long-term operating lease liabilities 4,293 5,749
Deferred tax liability, net 157 167
Accrued severance pay 833 983
Other liabilities 447 517
Long-term liabilities held for sale (Note 3) 0 3,528
Total long-term liabilities 17,037 19,594
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:    
Ordinary shares nominal value ILS 3.00 par value; Authorized: 80,000,000 shares as of September 30, 2022 (Unaudited) and December 31, 2021; Issued and Outstanding: 7,999,808 and 4,532,943 shares as of September 30, 2022 (Unaudited) and December 31, 2021, respectively 6,890 3,759
Additional paid-in capital 293,555 283,577
Accumulated other comprehensive loss 0 (1,877)
Accumulated deficit (296,648) (271,631)
Total shareholders’ equity 3,797 13,828
Total liabilities and shareholders’ equity $ 34,737 $ 46,128