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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Rental income $ 15 $ 26
Rental expense 3 4
Net rental income 12 22
General and administrative 783 2,705 2,926 4,553
Operating loss (771) (2,705) (2,904) (4,553)
Revaluation of option to purchase redeemable convertible preferred stock (Note 5) 993 3,288
Incremental value due to extinguishment of option to purchase redeemable convertible preferred stock (Note 5) 440 440
Revaluation of asset contribution related financial instruments 326 2,948
Interest and other financing expense, net (22) 20 (96) (26)
Income (loss) from continuing operations, before taxes on income 640 (2,359) 728 (1,631)
Taxes on income (Note 6) (12) (221)
Income (loss) from continuing operations 628 (2,359) 507 (1,631)
Discontinued operations:        
Income (loss) from discontinued operations (Note 2) 66 (797) 286 (2,235)
Net income (loss) including portion attributable to non-controlling interest 694 (3,156) 793 (3,866)
Loss attributable to non-controlling interest 2
Net income (loss) 694 (3,156) 795 (3,866)
Dividend on redeemable convertible preferred stock (36) [1],[2] [1],[2] (177)
Deemed dividend related to remediation agreement (Note 5) (446) (446)
Accretion of redeemable convertible preferred stock to redemption value [1] (33) (2,001)
Net loss attributable to common stockholders and participating securities $ 179 $ (3,156) $ (1,829) $ (3,866)
Basic net loss per share (Note 3):        
Continuing operations (in dollars per share) $ 0.01 $ (0.23) $ (0.13) $ (0.23)
Discontinued operations (in dollars per share) 0.00 (0.02) 0.02 (0.32)
Basic and diluted net loss per share (in dollars per share) 0.01 (0.25) (0.11) (0.55)
Diluted net loss per share (Note 3):        
Continuing operations (in dollars per share) 0.01 (0.04) (0.13) (0.07)
Discontinued operations (in dollars per share) 0.00 0.07 0.02 (0.03)
Earnings Per Share, Diluted (in dollars per share) $ 0.01 $ 0.03 $ (0.11) $ (010)
Shares used in computing basic net loss per share (in shares) 14,423,697 5,240,328 13,055,528 5,021,734
Shares used in computing diluted net loss per share (in shares) 21,263,997 70,179,866 13,055,528 53,816,083
Other comprehensive income (loss):        
Reclassification of cumulative translation adjustment to statement of operations $ 207 $ 3,228
Foreign currency translation adjustments (65) (16) (48) 262
Total other comprehensive income (65) 191 (48) 3,490
Comprehensive income (loss) $ 629 $ (2,965) $ 747 $ (376)
[1] Based on the rights and privileges of Series B Preferred Stock, since the Company did not obtain shareholder approval at March 31, 2018, the then outstanding Series B Preferred Stock became redeemable at the option of OFI. Consequently, in each reporting period commencing March 31, 2018, the outstanding Series B Preferred Stock is recorded at its maximum redemption value until occurrence of redemption or conversion. These shares were cancelled as a result of the entry into the Remediation Agreement on September 24, 2018 as described below (see also Note 5).
[2] The net loss used for the computation of basic and diluted net loss per share for three and nine months ended September 30, 2018, includes the preferred dividend requirement of 8% per share per annum for the Series B Preferred Stock, compounded annually which shall be distributed to stockholders in case of distributable assets determined in the Company's certificate of designation under the liquidation preference right (see also Note 5).