XML 53 R29.htm IDEA: XBRL DOCUMENT v3.19.1
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of estimated useful lives of the assets
   % 
     
Installed products   20-33 
Computers and electronic equipment   10 - 33 (mainly 33) 
Office furniture and equipment   6 - 15 
Motor vehicles   15 - 20 (mainly 20) 
Network installation   10 - 33 
Buildings   6.67 
Leasehold improvements   

Over the term of the lease, ncluding the option term or the useful lives of the assets, whichever is

shorter

 
Schedule of product warranty liability
  

Year ended

December 31,

 
   2018   2017 
         
Balance, beginning of the year   567    604 
Warranties issued during the year   346    468 
Settlements made during the year   (118)   (145)
Expirations   (351)   (360)
           
           
Balance end of year   444    567 
Schedule of topic 606 on the Company's consolidated financial statements

   Balance at December 31, 2017   New Revenue Standard Adjustment   Balance at January 1, 2018 
             
Assets            
Prepaid and other current assets  $2,865   $555   $3,420 
Other assets   1,116    (199)   917 
                
Shareholders’ Equity               
Accumulated Deficit   (69,597)   356    (69,241)

 

  

Impact of changes in accounting policies

Year ended December 31, 2018

 
   As reported   Adj.   Balances without adoption of Topic 606 
             
Service revenue   52,543    344    52,887 
Product revenue   25,243    (268)   24,975 
Total revenues   77,786    76    77,862 
                
Cost of revenues   36,778    -    36,778 
Research and development expenses   4,707    -    4,707 
Selling and marketing expenses   14,560    29    14,589 
General and administrative expenses   11,169    -    11,169 
Amortization of intangible assets   456    -    456 
One time acquisition related costs   300    -    300 
Financial expenses   1,133    -    1,133 
Income tax expense   1,753    (5)   1,748 
Others   3    -    3 
                
Net income   6,927    52    6,979 
Schedule of disaggregation of revenue
   Reportable segments results of operations for the year ended December 31, 2018 
   Cellocator segment   MRM segment   Elimination   Total 
                 
Revenue recognized:                
                 
At a point of time   22,137    10,733    (7,627)   25,243 
Over a period of time   1,627    51,669    (753)   52,543 
                     
    24,764    62,402    (8,380)   77,786 
Schedule of receivables, contracts assets, and contract liabilities from contracts with customers
   Balance at December 31, 2018   Balance at December 31, 2017 
         
Contract assets  $808   $973 
           
Contract liabilities  $267   $313 
Schedule of estimated using the Black-Scholes-Merton option-pricing model
  

Year ended

December 31,

 
   2018   2017   2016 
             
Risk free interest rate   0.78%-2.96%   0.86%-1.39%   0.8%-1.00%
Dividend yield   0%   0%   0%
Expected volatility   40.16%-51.76%   52.25%-57.73%   55.81%-60.84%
Expected term (in years)   4.00-5.50    4.00-5.50    4.00-5.50 
Forfeiture rate   0%   0%   2%
Schedule of changes in the allowance for doubtful accounts
  

Year ended

December 31,

 
   2018   2017 
         
Balance at beginning of the year   1,127    1,281 
           
Deductions during the year   (57)   (992)
Charged to expenses   539    802 
Foreign currency translation adjustment   (145)   36 
           
Balance at end of year   1,464    1,127