June 30,
|
December 31,
|
|||||||
2019
|
2018
|
|||||||
Unaudited
|
Audited
|
|||||||
ASSETS
|
||||||||
CURRENT ASSETS:
|
||||||||
Cash and cash equivalents
|
$
|
1,563
|
$
|
1,150
|
||||
Restricted cash
|
1,008
|
1,380
|
||||||
Trade receivables, net
|
640
|
604
|
||||||
Other accounts receivable and prepaid expenses
|
243
|
101
|
||||||
Assets of discontinued operations
|
111
|
187
|
||||||
Total current assets
|
3,565
|
3,422
|
||||||
SEVERANCE PAY FUND
|
602
|
541
|
||||||
PROPERTY AND EQUIPMENT, NET
|
58
|
60
|
||||||
OTHER ASSETS:
|
||||||||
Other intangible assets, net
|
11
|
21
|
||||||
Goodwill
|
3,479
|
3,479
|
||||||
Total other assets
|
3,490
|
3,500
|
||||||
Total assets
|
$
|
7,715
|
$
|
7,523
|
June 30,
|
December 31,
|
|||||||
2019
|
2018
|
|||||||
Unaudited
|
Audited
|
|||||||
LIABILITIES AND SHAREHOLDERS' EQUITY
|
||||||||
CURRENT LIABILITIES:
|
||||||||
Trade payables
|
$
|
167
|
$
|
164
|
||||
Deferred revenues
|
1,092
|
1,053
|
||||||
Accrued expenses and other liabilities
|
2,122
|
2,394
|
||||||
Liabilities of discontinued operations
|
550
|
606
|
||||||
Total current liabilities
|
3,931
|
4,217
|
||||||
LONG-TERM LIABILITIES
|
||||||||
Accrued severance pay
|
782
|
722
|
||||||
Deferred tax liability
|
181
|
181
|
||||||
Total long-term liabilities
|
963
|
903
|
||||||
COMMITMENTS AND CONTINGENT LIABILITIES
|
||||||||
SHAREHOLDERS' EQUITY:
|
||||||||
Share capital -
|
||||||||
Ordinary Shares
|
27
|
27
|
||||||
Preferred Shares
|
15
|
10
|
||||||
Additional paid-in capital
|
30,440
|
29,807
|
||||||
Treasury shares
|
(29
|
)
|
(29
|
)
|
||||
Accumulated deficit
|
(27,632
|
)
|
(27,412
|
)
|
||||
Total shareholders' equity
|
2,821
|
2,403
|
||||||
Total liabilities and shareholders' equity
|
$
|
7,715
|
$
|
7,523
|
Six months ended
June 30,
|
||||||||
2019
|
2018
|
|||||||
Unaudited
|
||||||||
Revenues:
|
||||||||
Services
|
$
|
2,179
|
$
|
2,341
|
||||
Product sales
|
421
|
535
|
||||||
Total revenues
|
2,600
|
2,876
|
||||||
Cost of revenues:
|
||||||||
Services
|
785
|
935
|
||||||
Product sales
|
196
|
213
|
||||||
Total cost of revenues
|
981
|
1,148
|
||||||
Gross profit
|
1,619
|
1,728
|
||||||
Operating expenses:
|
||||||||
Research and development
|
268
|
505
|
||||||
Selling and marketing
|
553
|
857
|
||||||
General and administrative
|
978
|
1,224
|
||||||
Total operating expenses
|
1,799
|
2,586
|
||||||
Operating loss
|
(180
|
)
|
(858
|
)
|
||||
Financial income (expense), net
|
(25
|
)
|
8
|
|||||
Loss before taxes on income
|
(205
|
)
|
(850
|
)
|
||||
Taxes on income (tax benefit)
|
1
|
(5
|
)
|
|||||
Loss from continuing operations
|
(206
|
)
|
(845
|
)
|
||||
Loss from discontinued operations
|
(14
|
)
|
(204
|
)
|
||||
Net loss
|
$
|
(220
|
)
|
$
|
(1,049
|
)
|
||
Net loss per share:
|
||||||||
Basic and diluted net loss per share from continuing operations
|
$
|
(0.04
|
)
|
$
|
(0.27
|
)
|
||
Basic and diluted net loss per share from discontinued operations
|
(0.00
|
)
|
(0.07
|
)
|
||||
Basic and diluted net loss per share
|
$
|
(0.04
|
)
|
$
|
(0.34
|
)
|
||
Weighted average number of shares used in computing basic and diluted net loss per share
|
4,698,440
|
3,120,833
|
MER TELEMANAGEMENT SOLUTIONS LTD.
|
|||
(Registrant)
|
|||
By: |
/s/ Roy Hess
|
||
Roy Hess
|
|||
Chief Executive Officer
|
|||
Date: September 12, 2019 |