2023 Q1 Form 10-K Financial Statement

#000121390023024106 Filed on March 29, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.848M $2.534M $8.831M
YoY Change -1.18% 3.29%
Cost Of Revenue $1.160M $1.463M $4.721M
YoY Change -10.08% 3.08%
Gross Profit $688.0K $1.071M $4.110M
YoY Change 18.21% 3.53%
Gross Profit Margin 37.23% 42.27% 46.54%
Selling, General & Admin $1.794M $2.358M $7.445M
YoY Change 31.91% 119.62%
% of Gross Profit 260.76% 220.17% 181.14%
Research & Development $757.0K $717.0K $2.766M
YoY Change 16.46% 13.36%
% of Gross Profit 110.03% 66.95% 67.3%
Depreciation & Amortization $7.000K -$6.000K $23.00K
YoY Change -450.0% -42.5%
% of Gross Profit 1.02% -0.56% 0.56%
Operating Expenses $2.551M $3.075M $10.21M
YoY Change 20.5% 75.15%
Operating Profit -$1.863M -$2.004M -$6.101M
YoY Change 21.37% 228.01%
Interest Expense $180.0K -$478.0K $830.0K
YoY Change 68.22% -135.93%
% of Operating Profit
Other Income/Expense, Net $148.0K -$4.051M
YoY Change -104.61% 275.09%
Pretax Income -$1.895M -$2.482M -$10.98M
YoY Change -59.16% 109.18%
Income Tax
% Of Pretax Income
Net Earnings -$1.895M -$2.482M -$10.98M
YoY Change -59.15% 109.18%
Net Earnings / Revenue -102.54% -97.95% -124.36%
Basic Earnings Per Share -$1.09 -$0.95
Diluted Earnings Per Share -$1.09 -$0.14 -$0.95
COMMON SHARES
Basic Shares Outstanding 17.41M shares 17.32M shares 11.62M shares
Diluted Shares Outstanding 1.734M shares 11.62M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.618M $5.565M $5.565M
YoY Change 167.0% 706.52%
Cash & Equivalents $808.0K $3.943M $3.943M
Short-Term Investments $810.0K $1.622M $1.622M
Other Short-Term Assets $1.193M $1.129M $1.054M
YoY Change 14.16% 276.43%
Inventory $1.274M $1.179M $1.179M
Prepaid Expenses $473.0K
Receivables $2.473M $3.034M $3.109M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.558M $10.91M $10.91M
YoY Change 67.3% 163.77% 163.45%
LONG-TERM ASSETS
Property, Plant & Equipment $76.00K $80.00K $80.00K
YoY Change -92.21% -22.33% -20.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.367M $3.832M $3.832M
YoY Change 1130.96% 751.56%
Total Long-Term Assets $5.443M $3.912M $3.912M
YoY Change 286.03% 612.57% 624.44%
TOTAL ASSETS
Total Short-Term Assets $6.558M $10.91M $10.91M
Total Long-Term Assets $5.443M $3.912M $3.912M
Total Assets $12.00M $14.82M $14.82M
YoY Change 125.16% 216.37% 216.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.400M $1.781M $1.781M
YoY Change -9.09% -7.24%
Accrued Expenses $2.389M $1.190M $2.138M
YoY Change -7.76% 46.37% 24.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.206M $553.0K $553.0K
YoY Change -83.41% -27.04% -27.24%
Total Short-Term Liabilities $6.372M $6.202M $6.202M
YoY Change -47.73% 4.22% 4.24%
LONG-TERM LIABILITIES
Long-Term Debt $3.712M $4.625M $4.625M
YoY Change -54.06% -55.44%
Other Long-Term Liabilities $33.00K $727.0K $727.0K
YoY Change -100.4% 820.25% -69.32%
Total Long-Term Liabilities $4.214M $5.352M $5.352M
YoY Change -4782.22% -58.0% -58.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.372M $6.202M $6.202M
Total Long-Term Liabilities $4.214M $5.352M $5.352M
Total Liabilities $10.59M $11.55M $11.55M
YoY Change -55.82% -38.2% -38.21%
SHAREHOLDERS EQUITY
Retained Earnings -$35.30M -$33.40M
YoY Change 48.98%
Common Stock $1.000K $1.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.415M $3.265M $3.265M
YoY Change
Total Liabilities & Shareholders Equity $12.00M $14.82M $14.82M
YoY Change 125.16% 216.37% 216.65%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$1.895M -$2.482M -$10.98M
YoY Change -59.15% 109.18%
Depreciation, Depletion And Amortization $7.000K -$6.000K $23.00K
YoY Change -450.0% -42.5%
Cash From Operating Activities -$1.705M -$1.992M -$7.768M
YoY Change 238.29% 184.54%
INVESTING ACTIVITIES
Capital Expenditures $3.000K -$34.00K
YoY Change -123.08%
Acquisitions
YoY Change
Other Investing Activities -$331.0K -$3.966M -$4.034M
YoY Change 26.34%
Cash From Investing Activities -$334.0K -$3.932M -$4.034M
YoY Change 21.45% 7968.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $192.0K $1.241M
YoY Change 48.84%
Cash From Financing Activities -$242.0K -742.0K $15.29M
YoY Change -11.03% 427.1%
NET CHANGE
Cash From Operating Activities -$1.705M -1.992M -$7.768M
Cash From Investing Activities -$334.0K -3.932M -$4.034M
Cash From Financing Activities -$242.0K -742.0K $15.29M
Net Change In Cash -$2.281M -6.666M $3.484M
YoY Change 117.03% 2803.33%
FREE CASH FLOW
Cash From Operating Activities -$1.705M -$1.992M -$7.768M
Capital Expenditures $3.000K -$34.00K
Free Cash Flow -$1.708M -$1.958M -$7.768M
YoY Change 247.86% 189.85%

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IncreaseDecreaseInAccountsPayableTrade
-139000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-217000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-25000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
92000 usd
CY2022 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
508000 usd
CY2021 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
516000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-41000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
29000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7768000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2726000 usd
CY2022 asns Proceeds From Short Term Debts
ProceedsFromShortTermDebts
-1622000 usd
CY2022 asns Proceeds From Issuance Long Term Debts
ProceedsFromIssuanceLongTermDebts
66000 usd
CY2022 asns Restricted Long Term Bank Deposit
RestrictedLongTermBankDeposit
-27000 usd
CY2022 asns Restricted Bank Deposit
RestrictedBankDeposit
-2451000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4034000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-54000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2904000 usd
CY2022 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
18697000 usd
CY2022 us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
2175000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1241000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15286000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2904000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-72000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
167000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3484000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
124000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
795000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
671000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4279000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
795000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3943000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
693000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
336000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
102000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4279000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
795000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
818000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
511000 usd
CY2021 asns Additional Warrants
AdditionalWarrants
95000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
237000 usd
CY2022 asns Conversion Of Convertible Loan To Common Stock Upon Initial Public Offering
ConversionOfConvertibleLoanToCommonStockUponInitialPublicOffering
6553000 usd
CY2022 asns Conversion Of Convertible Note To Common Stock Upon Initial Public Offering
ConversionOfConvertibleNoteToCommonStockUponInitialPublicOffering
3600000 usd
CY2022 asns Conversion Of Warrants To Common Stock Upon Initial Public Offering
ConversionOfWarrantsToCommonStockUponInitialPublicOffering
3190000 usd
CY2022 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
5585000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
15000 usd
CY2021Q4 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
2000000 usd
CY2022 asns Incurred Losses
IncurredLosses
10982000 usd
CY2021 asns Incurred Losses
IncurredLosses
5251000 usd
CY2022 asns Negative Cash Flows From Operations
NegativeCashFlowsFromOperations
7768000 usd
CY2021 asns Negative Cash Flows From Operations
NegativeCashFlowsFromOperations
2726000 usd
CY2022Q4 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
33402000 usd
CY2022 us-gaap Dividends Cash
DividendsCash
6016000 usd
CY2022Q4 us-gaap Restricted Cash And Investments
RestrictedCashAndInvestments
2375 usd
CY2022Q2 us-gaap Shares Issued
SharesIssued
4212500 shares
CY2022Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
462500 shares
CY2022Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
4
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
15400000 usd
CY2022 us-gaap Other Underwriting Expense
OtherUnderwritingExpense
1000000 usd
CY2022Q4 asns Warrants Exercisable Price
WarrantsExercisablePrice
294875 shares
CY2022 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P5Y
CY2022 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
5
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
145000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.54 pure
CY2022Q4 asns Riskfree Rate
RiskfreeRate
0.0301 pure
CY2022 us-gaap Deferred Compensation Arrangement With Individual Maximum Contractual Term1
DeferredCompensationArrangementWithIndividualMaximumContractualTerm1
P5Y
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.95
CY2022Q4 asns Non Voting Common Stock
NonVotingCommonStock
1783773 shares
CY2022Q4 us-gaap Property Plant And Equipment Salvage Value Percentage
PropertyPlantAndEquipmentSalvageValuePercentage
0.07 pure
CY2022 asns Computers Electronic Equipment And Software Percenatage
ComputersElectronicEquipmentAndSoftwarePercenatage
Mainly 33%
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.25in"><b>b.</b></td><td><b>Use of estimates in preparation of financial statements </b></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.65pt; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The Company evaluates on an ongoing basis its assumptions, including those related to contingencies, Fair value of financial instruments, inventory write-offs, as well as in estimates used in applying the revenue recognition policy (See note 2l). The Company’s management believes that the estimates, judgment, and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"> </p>
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
125000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
61000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
64000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2022 asns Schedule Of Annual Rates Of Depreciation
ScheduleOfAnnualRatesOfDepreciation
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; width: 75%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 25%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>%</b></span></td></tr> <tr style="vertical-align: bottom"> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Computers, electronic equipment and software</span></td> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mainly 33%</span></td></tr> <tr style="vertical-align: bottom; "> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Office furniture and equipment</span></td> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">7</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leasehold improvements </span></td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By the shorter of lease term and the estimated useful life of the asset</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b> </b></p>
CY2022 asns Leasehold Improvements Percentage
LeaseholdImprovementsPercentage
By the shorter of lease term and the estimated useful life of the asset
CY2022 us-gaap Revenue Recognition Allowances
RevenueRecognitionAllowances
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.25in"><b>l.</b></td><td><b>Revenue recognition</b></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">The Company’s product consists of hardware and an embedded software that function together to deliver the product’s essential functionality. The embedded software is essential to the functionality of the Company’s products. The Company’s products are sold with a two-year warranty for repairs or replacements of the product in the event of damage or failure during the term of the support period, which is accounted for as a standard warranty. Services relating to repair or replacement of hardware beyond the standard warranty period are offered under renewable, fee-based contracts and include telephone support, remote diagnostics and access to on-site technical support personnel.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">The Company also offers its customers other management software. The Company sells its other non-embedded software either as perpetual or as term-based licenses.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">The Company provides, to certain customers, software updates that it chooses to develop, which the Company refers to as unspecified software updates, and enhancements related to the Company’s management software through support service contracts. The Company also offers its customers product support services which include telephone support, remote diagnostics and access to on-site technical support personnel.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">The Company’s customers are comprised of resellers, system integrators and distributors.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">The Company follows five steps to record revenue: (i) identify the contract with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) it satisfies its performance obligations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">Performance obligations promised in a contract are identified based on the goods or services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the good or service either on its own or together with other resources that are readily available from third parties or from the Company, and are distinct in the context of the contract, whereby the transfer of the goods or services is separately identifiable from other promises in the contract.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring goods or services to the customer. The Company’s contracts do not include additional discounts once product price is set, right of returns, significant financing components or any forms of variable consideration.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">The Company uses the practical expedient and does not assess the existence of a significant financing component when the difference between payment and revenue recognition is less than a year. The Company’s service period is for one year and is paid for either up front or on a quarterly basis.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt .75in; text-align: justify; text-indent: 0in"><span style="text-decoration:underline">Sales of products</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">Most of the Company’s contracts are of a single performance obligation (sales of the product with a standard warranty) thus the entire transaction price is allocated to the single performance obligation. In addition, the Company also sells separate services such as product support service and extended warranty.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt .75in; text-align: justify; text-indent: 0in"><span style="text-decoration:underline">Sales of software with related services</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">The Company sells perpetual management software and term-based licenses for its management software together with related services. The perpetual management software stand-alone selling price is established by taking in consideration available information such as historical selling prices of the perpetual license, geographic location, and market conditions. For contracts that contain more than one identified performance obligation (a term-based license for its management software together with related services), the stand-alone selling price of a term-based license, is based on a ratio from the relevant perpetual management software stand-alone selling price. The stand-alone selling price of the related service is then determined by applying the residual method.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">Revenue from selling the Company’s product and/or the software management (either as term-based or perpetual) is recognized at a point in time which is typically at the time of shipment of products to the customer or when the code is transferred, respectively. Revenue from services (e.g., product support service, software support service or extended warranty) is recognized on a straight-line basis over the service period, as a time-based measure of progress best reflects our performance in satisfying this performance obligation.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"> </p>
CY2021 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
516000 usd
CY2022Q4 asns Right Of Use Asset
RightOfUseAsset
1046000 usd
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
1450000 usd
CY2022 us-gaap Product Warranty Expense
ProductWarrantyExpense
8000 usd
CY2021Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
102000 usd
CY2021Q4 us-gaap Other Notes Payable
OtherNotesPayable
4905000 usd
CY2021 us-gaap Product Warranty Expense
ProductWarrantyExpense
2149000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.25in"><b>r.</b></td><td><b>Concentrations of credit risk</b></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, and trade receivables. Cash and cash equivalents and restricted cash are placed with banks and financial institutions in the United States and Israel.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">Management believes that the financial institutions that hold the Company’s investments are financially sound and, accordingly, present minimal credit risk with respect to those investments.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">The Company’s trade receivables are derived primarily from telecommunication operators, the Company’s reseller customers and enterprises located mainly in the United States, Europe, and Asia.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">Credit risk with respect to trade receivables exists to the full extent of the amounts presented in the consolidated financial statements. Management makes judgments as to its ability to collect outstanding accounts receivable and provides allowances for the applicable portion of accounts receivable when collection becomes doubtful.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in">Management provides allowances based upon a specific review of all significant outstanding invoices, analysis of its historical collection experience, and current economic trends. If the historical data used to calculate the allowance for doubtful accounts does not reflect the Company’s future ability to collect outstanding accounts receivable, additional provisions for doubtful accounts may be needed, and the future results of operations could be materially affected.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify">The Company has major customers, representing:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 1in"/><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">29% and 46% of the Company Trade receivables balance as of December 31, 2022 and December 31, 2021 respectively.</span></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 1in"/><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">23% and 0% of the Company Trade receivables balance as of December 31, 2022 and December 31, 2021 respectively.</span></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 1in"/><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: hidden-fact-111">3.</span></span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">10% and 4% of the Company Trade receivables balance as of December 31, 2022 and December 31, 2021 respectively.</span></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0.75in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 0.75in">See note 18 for details regarding the revenues from these customers.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt .75in; text-align: justify; text-indent: 0in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in">The Company does not see any credit risk regarding this balance, as most of the remaining balance was paid off after the balance sheet date.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0in"> </p>
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P2Y
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
96000 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
158000 usd
CY2021Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
158000 usd
CY2020Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
90000 usd
CY2022 asns Cost Incurred
CostIncurred
-7000 usd
CY2021 asns Cost Incurred
CostIncurred
-68000 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-55000 usd
CY2021 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
136000 usd
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
96000 usd
CY2021Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
158000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.03 pure
CY2022 us-gaap Royalty Expense
RoyaltyExpense
257000 usd
CY2021 us-gaap Royalty Expense
RoyaltyExpense
258000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.50 pure
CY2022 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
182000 usd
CY2021 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
156000 usd
CY2022 asns Gainloss On Amounts Funded In Respect Of Employee Rights Upon Retirement Totaled
GainlossOnAmountsFundedInRespectOfEmployeeRightsUponRetirementTotaled
-4000 usd
CY2021 asns Gainloss On Amounts Funded In Respect Of Employee Rights Upon Retirement Totaled
GainlossOnAmountsFundedInRespectOfEmployeeRightsUponRetirementTotaled
-8000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
9000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2022 asns Restricted Stock Units Term
RestrictedStockUnitsTerm
P3Y
CY2022 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
0.40 pure
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
593000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
356000 usd
CY2022 us-gaap Workers Compensation Discount Percent
WorkersCompensationDiscountPercent
0.65 pure
CY2022Q4 asns Operating Lease Rightof Use Assets
OperatingLeaseRightofUseAssets
1046000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
586000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
541000 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
1179000 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
897000 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
147000 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
102000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
473000 usd
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
194000 usd
CY2022Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
130000 usd
CY2021Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
82000 usd
CY2022Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
75000 usd
CY2021Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
122000 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
678000 usd
CY2021 us-gaap Interest Expense Other
InterestExpenseOther
398000 usd
CY2022 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
9739000 usd
CY2021 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
9739000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9659000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9636000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
80000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
103000 usd
CY2022 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
23000 usd
CY2021 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
37000 usd
CY2022 us-gaap Leveraged Leases Income Statement Investment Tax Credit Recognized On Leveraged Leases
LeveragedLeasesIncomeStatementInvestmentTaxCreditRecognizedOnLeveragedLeases
168000 usd
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
10000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
726000 usd
CY2022Q4 asns Current Operating Lease Liabilities
CurrentOperatingLeaseLiabilities
445000 usd
CY2022Q4 asns Non Current Operating Lease Liabilities
NonCurrentOperatingLeaseLiabilities
237000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
682000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
747000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0349 pure
CY2022 asns Fixed Payments
FixedPayments
723000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
24000 usd
CY2022 us-gaap Lease Cost
LeaseCost
747000 usd
CY2022Q4 asns Lessee Operating Lease Liability Payments Due Four Year
LesseeOperatingLeaseLiabilityPaymentsDueFourYear
704000 ils
CY2022Q4 asns Lessee Operating Lease Liability Payments Due Five Year
LesseeOperatingLeaseLiabilityPaymentsDueFiveYear
9000 usd
CY2021Q1 asns Lessee Operating Lease Liability Payments Due Five Year
LesseeOperatingLeaseLiabilityPaymentsDueFiveYear
3684000 ils
CY2021Q1 asns Lessee Operating Lease Liability Payments Due Five Year
LesseeOperatingLeaseLiabilityPaymentsDueFiveYear
-1047000 usd
CY2022Q4 asns Lessee Operating Lease Liability Payments Due Five Year
LesseeOperatingLeaseLiabilityPaymentsDueFiveYear
704000 ils
CY2022Q4 asns Lessee Operating Lease Liability Payments After Year Five
LesseeOperatingLeaseLiabilityPaymentsAfterYearFive
129000 usd
CY2021Q1 asns Lessee Operating Lease Liability Payments After Year Five
LesseeOperatingLeaseLiabilityPaymentsAfterYearFive
303000 ils
CY2021Q1 asns Lessee Operating Lease Liability Payments After Year Five
LesseeOperatingLeaseLiabilityPaymentsAfterYearFive
-86000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1190000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
813000 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
48000 usd
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
79000 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1238000 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
902000 usd
CY2020Q3 us-gaap Amount Of Regulatory Assistance Received1
AmountOfRegulatoryAssistanceReceived1
150000 usd
CY2020Q3 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.0375 pure
CY2021Q1 us-gaap Amount Of Regulatory Assistance Received1
AmountOfRegulatoryAssistanceReceived1
191000 usd
CY2021Q1 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.01 pure
CY2021Q1 asns Principal And Interestterm
principalAndInterestterm
P2Y
CY2020Q4 asns New Loan
NewLoan
20000000 ils
CY2020Q4 asns New Loan
NewLoan
600000 usd
CY2020Q4 us-gaap Financing Receivable Loan In Process
FinancingReceivableLoanInProcess
3000000 usd
CY2021Q1 asns Additional Loan Value
AdditionalLoanValue
2000000 usd
CY2022Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.096 pure
CY2022 asns Adjustment Of Warrants Granted For Service
AdjustmentOfWarrantsGrantedForService
1500000 usd
CY2021Q4 us-gaap Investment Company Increase From Payment By Affiliate And Gain Loss From Investment In Violation
InvestmentCompanyIncreaseFromPaymentByAffiliateAndGainLossFromInvestmentInViolation
1000000 usd
CY2021Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.096 pure
CY2022 us-gaap Warrant Down Round Feature Increase Decrease In Equity Amount1
WarrantDownRoundFeatureIncreaseDecreaseInEquityAmount1
1800000 usd
CY2022Q4 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Outstanding Balance
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesOutstandingBalance
5016000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
544000 usd
CY2022Q4 asns Loan Agreement Value
loanAgreementValue
2000000 usd
CY2022Q4 asns Lessee Operating Lease Liability Payments Due Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueTwelveMonths
9000 usd
CY2021Q1 asns Lessee Operating Lease Liability Payments Due Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueTwelveMonths
3684000 ils
CY2021Q1 asns Lessee Operating Lease Liability Payments Due Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueTwelveMonths
-1047000 usd
CY2022Q4 asns Lessee Operating Lease Liability Payments Due Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueTwelveMonths
704000 ils
CY2022Q4 asns Lessee Operating Lease Liability Payments Due Two Year
LesseeOperatingLeaseLiabilityPaymentsDueTwoYear
9000 usd
CY2021Q1 asns Lessee Operating Lease Liability Payments Due Two Year
LesseeOperatingLeaseLiabilityPaymentsDueTwoYear
5567000 ils
CY2021Q1 asns Lessee Operating Lease Liability Payments Due Two Year
LesseeOperatingLeaseLiabilityPaymentsDueTwoYear
-1582000 usd
CY2022Q4 asns Lessee Operating Lease Liability Payments Due Two Year
LesseeOperatingLeaseLiabilityPaymentsDueTwoYear
1080000 ils
CY2022Q4 asns Lessee Operating Lease Liability Payments Due Three Year
LesseeOperatingLeaseLiabilityPaymentsDueThreeYear
9000 usd
CY2021Q1 asns Lessee Operating Lease Liability Payments Due Three Year
LesseeOperatingLeaseLiabilityPaymentsDueThreeYear
3684000 ils
CY2021Q1 asns Lessee Operating Lease Liability Payments Due Three Year
LesseeOperatingLeaseLiabilityPaymentsDueThreeYear
-1047000 usd
CY2022Q4 asns Lessee Operating Lease Liability Payments Due Three Year
LesseeOperatingLeaseLiabilityPaymentsDueThreeYear
704000 ils
CY2022Q4 asns Lessee Operating Lease Liability Payments Due Four Year
LesseeOperatingLeaseLiabilityPaymentsDueFourYear
9000 usd
CY2021Q1 asns Lessee Operating Lease Liability Payments Due Four Year
LesseeOperatingLeaseLiabilityPaymentsDueFourYear
3684000 ils
CY2021Q1 asns Lessee Operating Lease Liability Payments Due Four Year
LesseeOperatingLeaseLiabilityPaymentsDueFourYear
-1047000 usd
CY2022Q4 asns Lessee Operating Lease Liability Payments After Year Five
LesseeOperatingLeaseLiabilityPaymentsAfterYearFive
60000 ils
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12000 usd
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5673000 ils
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1612000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1239000 ils
CY2022Q4 asns Total Loans Payments
TotalLoansPayments
162000 usd
CY2021Q1 asns Total Loans Payments
TotalLoansPayments
14935000 ils
CY2021Q1 asns Total Loans Payments
TotalLoansPayments
-4244000 usd
CY2022Q4 asns Total Loans Payments
TotalLoansPayments
2717000 ils
CY2022Q4 asns Exchange Rate
ExchangeRate
1
CY2022Q4 asns Exchange Rate
ExchangeRate
3.519
asns Convertible Note Offering Amount
ConvertibleNoteOfferingAmount
3000000 usd
asns Convertible Note Offering Percentage
ConvertibleNoteOfferingPercentage
0.06 pure
CY2022Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.06 pure
CY2022Q1 asns Convertible Note Offered
ConvertibleNoteOffered
3000000 usd
CY2022Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
60000 usd
CY2022 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
0.40 pure
CY2022 asns Convertible Note Description
ConvertibleNoteDescription
The Notes had an optional conversion price at a 40% discount based on a $50m value in the event that an IPO is not consummated and if an IPO is not consummated within 18 months of the issuance of the Notes, the value of the Notes would be set at 110% of their then balance. 
CY2022 asns Addition
Addition
1847000 usd
CY2022 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
1753000 usd
CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
3600000 usd
CY2022 us-gaap Other Expenses
OtherExpenses
1753000 usd
CY2017Q1 asns Aggregrate Principal Amount
AggregratePrincipalAmount
2000000 usd
CY2022Q2 asns Ipo Scenario Estimated Percentage
IPOScenarioEstimatedPercentage
0.75 pure
CY2021 asns Ipo Scenario Estimated Percentage
IPOScenarioEstimatedPercentage
0.375 pure
CY2017Q1 asns Common Stock Reflecting Discount
CommonStockReflectingDiscount
0.30 pure
CY2017Q1 asns Additional Percentage
AdditionalPercentage
0.01 pure
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4905000 usd
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
3563000 usd
CY2022 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1648000 usd
CY2021 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1342000 usd
CY2022 asns Conversion Of Stock Amount Issued
ConversionOfStockAmountIssued
6553000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4905000 usd
CY2022 us-gaap Credit Derivative Liquidation Proceeds Percentage
CreditDerivativeLiquidationProceedsPercentage
1 pure
CY2022Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
14300000 usd
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
15500000 usd
CY2022Q4 us-gaap Recorded Unconditional Purchase Obligation Amount Of Maturities And Sinking Fund Requirements
RecordedUnconditionalPurchaseObligationAmountOfMaturitiesAndSinkingFundRequirements
10000000 usd
CY2022 us-gaap Payments For Loans
PaymentsForLoans
221000 usd
CY2022Q4 us-gaap Servicing Liability
ServicingLiability
900000 usd
CY2021Q4 us-gaap Servicing Liability
ServicingLiability
818000 usd
CY2022 asns Aggregate Gross Proceeds
AggregateGrossProceeds
5000000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
15000000 usd
CY2022Q4 us-gaap Share Price
SharePrice
0.9991
CY2016Q3 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
73048 shares
CY2021 asns Ipo Scenario Estimated Percentage
IPOScenarioEstimatedPercentage
0.375 pure
CY2021 asns Private Holding Percenatge
PrivateHoldingPercenatge
0.625 pure
CY2021 asns Volatility Percentage
VolatilityPercentage
0.58 pure
CY2021 asns Riskfree Rate Percentage
RiskfreeRatePercentage
0.0097 pure
CY2021 us-gaap Debt Instrument Term
DebtInstrumentTerm
P0Y4M24D
CY2021 asns Ipo Scenario Expected Term
IPOScenarioExpectedTerm
P3Y
CY2022Q4 asns Underlying Common Stock Price
UnderlyingCommonStockPrice
0.477
CY2022 asns Volatility Percentage
VolatilityPercentage
0.57 pure
CY2022 asns Risk Free Rate Percentage
RiskFreeRatePercentage
0.0411 pure
CY2022 us-gaap Debt Instrument Term
DebtInstrumentTerm
P3Y7M6D
CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
2149000 usd
CY2020Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1023000 usd
CY2022 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
1049000 usd
CY2021 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
1031000 usd
CY2021 us-gaap Additions To Other Assets Amount
AdditionsToOtherAssetsAmount
95000 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
3190000 usd
CY2022Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
8000 usd
CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
2149000 usd
CY2022 asns Other Financial Expensesincome
OtherFinancialExpensesincome
1049 usd
CY2021 asns Other Financial Expensesincome
OtherFinancialExpensesincome
1031000 usd
CY2022Q4 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
30000000 shares
CY2022Q4 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
17379861 shares
CY2022 asns Nonvoting Common Stock Authorized
NonvotingCommonStockAuthorized
2803774 shares
CY2021Q4 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
11009315 shares
CY2021Q4 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
2050404 shares
CY2021 asns Nonvoting Common Stock Authorized
NonvotingCommonStockAuthorized
2803774 shares
CY2021 asns Nonvoting Common Stock Issued And Outstanding
NonvotingCommonStockIssuedAndOutstanding
1783773 shares
CY2022Q2 asns Total Authorized Shares
TotalAuthorizedShares
42803774 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022 asns Maximum Option Term
MaximumOptionTerm
P10Y
CY2016Q1 us-gaap Shares Held In Employee Stock Option Plan Committed To Be Released
SharesHeldInEmployeeStockOptionPlanCommittedToBeReleased
216 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
890493 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.1518
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y5M4D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
167779 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.1964
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
77749 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.0812
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
15937 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.5089
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
964586 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.4891
CY2022 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y4M2D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
771956 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.1476
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y4M9D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
879251 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.0874
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
43261 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.3616
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
2763 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.1058
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
29256 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.0874
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
890493 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.1518
CY2021 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y5M4D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
801562 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.276
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y1M6D
CY2022Q4 asns Share Based Compensation Arrangement Weighted Average Grant Date Fair Value
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<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, <br/> 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, <br/> 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Opening balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">      673</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">      581</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Revenue recognized that was included in the contract liability balance at the beginning of the period</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(593</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(452</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Additions</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">568</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">544</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 4pt">Remaining performance obligations</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">648</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">673</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 74.7pt; text-align: left"> </p>
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