Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended |
Jun. 30, 2013 | |
Document And Entity Information [Abstract] | ' |
Document Type | '6-K |
Amendment Flag | 'false |
Document Period End Date | 30-Jun-13 |
Entity Registrant Name | 'ICTS INTERNATIONAL N V |
Entity Central Index Key | '0001010134 |
Current Fiscal Year End Date | '--12-31 |
Document Fiscal Period Focus | 'Q2 |
Document Fiscal Year Focus | '2013 |
Entity Filer Category | 'Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 8,036,698 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS: | ' | ' |
Cash and cash equivalents | $1,383 | $1,177 |
Restricted cash | 4,514 | 5,407 |
Accounts receivable, net | 15,500 | 11,642 |
Deferred tax assets, net | 126 | 145 |
Prepaid expenses and other current assets | 1,640 | 978 |
Current assets from discontinued operations | 908 | 805 |
Total current assets | 24,071 | 20,154 |
Property and equipment, net | 1,546 | 1,575 |
Deferred financing costs | ' | 123 |
Goodwill | 314 | 314 |
Other assets | 404 | 389 |
Non-current assets from discontinued operations | ' | 4 |
Total assets | 26,335 | 22,559 |
CURRENT LIABILITIES: | ' | ' |
Notes payable - bank | 9,625 | 8,597 |
Accounts payable | 5,077 | 3,978 |
Accrued expenses and other current liabilities | 17,149 | 13,726 |
Income taxes payable | 197 | 1,714 |
Current liabilities from discontinued operations | 612 | 2,446 |
Total current liabilities | 32,660 | 30,461 |
Convertible notes payable to related party, including accrued interest | 31,790 | 28,127 |
Liability to United States Department of Labor | 416 | 582 |
Other liabilities | 125 | 75 |
Total liabilities | 64,991 | 59,245 |
SHAREHOLDERS' DEFICIT: | ' | ' |
Common stock, 0.45 Euro par value; 33,333,334 shares authorized; 8,036,698 shares issued and outstanding as of June 30, 2013 and December 31, 2012 | 4,492 | 4,492 |
Additional paid-in capital | 20,891 | 20,891 |
Accumulated deficit | -57,073 | -55,192 |
Accumulated other comprehensive loss | -6,966 | -6,877 |
Total shareholders' deficit | -38,656 | -36,686 |
Total liabilities and shareholders' deficit | $26,335 | $22,559 |
CONSOLIDATED_BALANCE_SHEETS_PA
CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) (EUR €) | Jun. 30, 2013 | Dec. 31, 2012 |
CONSOLIDATED BALANCE SHEETS [Abstract] | ' | ' |
Common stock, par value per share | € 0.45 | € 0.45 |
Common stock, shares authorized | 33,333,334 | 33,333,334 |
Common stock, shares issued | 8,036,698 | 8,036,698 |
Common stock, shares outstanding | 8,036,698 | 8,036,698 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $) | 6 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 |
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract] | ' | ' |
Revenue | $57,277 | $47,143 |
Cost of revenue | 50,615 | 41,595 |
GROSS PROFIT | 6,662 | 5,548 |
Operating expenses: | ' | ' |
Research and development | 820 | 752 |
Selling, general, and administrative | 9,671 | 7,261 |
Total operating expenses | 10,491 | 8,013 |
OPERATING LOSS | -3,829 | -2,465 |
Other expense, net | -1,083 | -742 |
LOSS BEFORE INCOME TAX BENEFIT (EXPENSE) | -4,912 | -3,207 |
Income tax benefit (expense) | 1,041 | -84 |
LOSS FROM CONTINUING OPERATIONS | -3,871 | -3,291 |
Profit (Loss) from discontinued operations | 1,990 | -979 |
NET LOSS | -1,881 | -4,270 |
PROFIT (LOSS) PER SHARE - BASIC AND DILUTED | ' | ' |
Continuing operations | ($0.48) | ($0.41) |
Discontinued operations | $0.25 | ($0.12) |
Net loss | ($0.23) | ($0.53) |
Weighted average number of shares outstanding | 8,036,698 | 8,036,698 |
COMPREHENSIVE LOSS | ' | ' |
Net loss | -1,881 | -4,270 |
Translation adjustment | -89 | 59 |
Comprehensive loss | ($1,970) | ($4,211) |
Basis_of_Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2013 | |
Basis of Presentation [Abstract] | ' |
Basis of Presentation | ' |
Note 1 - Basis of Presentation | |
The accompanying condensed unaudited consolidated financial statements for the six months ended June 30, 2013 have been prepared by the Company, in accordance with accounting principles generally accepted in the United States of America or US GAAP for financial information. These financial statements reflect all adjustments, consisting of normal recurring adjustments and accruals, which are, in the opinion of management, necessary for a fair presentation of the financial position of the Company as of June 30, 2013 and the results of operations for the six months then ended. Accordingly, certain information and footnote disclosures normally included in annual financial statements prepared in accordance with US GAAP have been condensed or omitted. These financial statements should be read in conjunction with the audited financial statements and notes thereto of the Company for the year ended December 31, 2012 which are included in the Company's Form 20-F filed with the Securities and Exchange Commission. The results of operations presented are not necessarily indicative of the results to be expected for future quarters or for the year ending December 31, 2013. | |
This Report contains statements that may constitute "forward-looking statements". Generally, forward-looking statements include words or phrases such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "projects," "could," "may," "might," "should," "will", the negative of such terms, and words and phrases of similar import. Such statements are based on management's current expectations and are subject to a number of risks and uncertainties. These risks and uncertainties could cause our actual results to differ materially from those described in the forward-looking statements. Any forward-looking statement represents our expectations or forecasts only as of the date it was made and should not be relied upon as representing its expectations or forecasts as of any subsequent date. Except as required by law, we undertake no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, even if our expectations or forecasts change. | |
Organization
Organization | 6 Months Ended |
Jun. 30, 2013 | |
Organization [Abstract] | ' |
Organization | ' |
Note 2 - Organization | |
Description of Business | |
ICTS International N.V. ("ICTS" or "the Company") was established by the Department of Justice in Amstelveen, Netherlands on October 9, 1992. ICTS and subsidiaries (collectively referred to as, the "Company") operate in three reportable segments: (a) corporate (b) airport security and other aviation services and (c) technology. The corporate segment does not generate revenue and contains primarily non-operational expenses. The airport security and other aviation services segment provide security and other services to airlines and airport authorities, predominantly in Europe and the United States of America. The technology segment is predominantly involved in the development and sale of identity security software predominantly in Europe and Israel. | |
Financial Condition | |
The Company has a working capital deficit and a history of recurring losses from continuing operations and negative cash flows from continuing operations. As of June 30, 2013 and December 31, 2012, the Company has a working capital deficit of $8,985 and $10,307, respectively. During the periods ended June 30, 2013 and 2012, the Company incurred losses from continuing operations of $3,871 and $3,291, respectively. Collectively, these factors raise substantial doubt about the Company's ability to continue as a going concern. | |
Management believes that the Company's operating cash flows and related party/third party financing activities will provide it with sufficient funds to meet its obligations and execute its business plan for the next twelve months. However, there are no assurances that management's plans to generate sufficient cash flows from operations and obtain additional financing from related parties/third parties will be successful. In November 2013, the Company increased its borrowing capacity under the convertible notes payable to related party to $32,000. | |
The accompanying consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern. | |
Certain_transactions
Certain transactions | 6 Months Ended |
Jun. 30, 2013 | |
Certain transactions [Abstract] | ' |
Certain transactions | ' |
Note 3 - Certain transactions | |
IRS Settlement | |
The Company was subject to a tax examination for one of its subsidiaries in the United States by the Internal Revenue Service 'IRS' for the tax years 2002 to 2004. In connection with this examination, the subsidiary was required to provide information regarding its treatment of certain expenses. The IRS proposed a number of adjustments to the subsidiary's filed income tax returns for the tax years 2002 to 2004, which collectively resulted in an assessed income tax liability of $7,325. Management vigorously contested the merit of the proposed adjustments and established a reserve of $10,690. In July 2011 and January 2012, the Company entered into arrangements with the IRS to settle all outstanding claims against it for $3,329, including $877 in interest. In August 2012, the Company filed an Offer in Compromise Form with the IRS to reduce the amount payable to the IRS under the settlements citing unfavorable financial condition of its American subsidiaries. The offer of $200 was accepted by the IRS at July 2013. | |
The total amount of unrecognized tax benefits, including interest and penalties, is $160 and $3,458 as of June 30, 2013 and December 31, 2012, respectively. In the accompanying consolidated balance sheets, $90 and $1,937 are shown as current liabilities from discontinued operations and $70 and $1,521, are shown as income taxes payable, respectively. | |
ICTS INTERNATIONAL N.V. AND SUBSIDIARIES | |
(US $ in thousands, except share and per share data) | |
Acquisition of Company in Germany | |
During the second quarter of 2013 the Company purchased a Germany Company, which operates in the field of professional aviation security services and specializes in passenger and freight control at Frankfurt Airport. The Company expects that the annual revenues from this acquisition will be Euro 14 million (approximately $ 18.4 million as of June 30, 2013). | |
The accompanying consolidated statements of operations include the operations of the new subsidiary starting from May 1, 2013. | |
Discontinued_operations
Discontinued operations | 6 Months Ended | ||||||||
Jun. 30, 2013 | |||||||||
Discontinued operations [Abstract] | ' | ||||||||
Discontinued operations | ' | ||||||||
Note 4 - Discontinued operations | |||||||||
In December 2005, the Company committed to a plan to cease the operations of its entertainment segment in the United States. Accordingly, as of that date, the assets, liabilities and results of operations of the entertainment segment were classified as discontinued operations in the Company's consolidated financial statements. | |||||||||
In January 2011, the operations of the entertainment segment were liquidated. | |||||||||
In connection with the Company's settlement of certain assessments with the IRS, the Company recognized $1,847 and $(31) of changes in uncertain income tax positions in the periods ended June 30, 2013 and 2012 respectively including interest and penalties, related to its entertainment segment in income from discontinued operations. | |||||||||
During the year ended December 31, 2012, the Company committed to a plan to cease the operations of its subsidiary in France (I-SEC France) and in November 2012 transferred control of the subsidiary to a court-appointed liquidator. The subsidiary provided aviation security services in France. | |||||||||
During the year ended December 31, 2012, the Company ceased the operations of its subsidiaries in Romania (I-SEC Romania) and Hungary (I-SEC Hungary), which provided aviation security services in the respective countries. The subsidiaries are in the process of liquidation. | |||||||||
During the period ended June 30, 2013 the Company committed to a plan to cease the operations at its subsidiary in the United Kingdom (I-SEC UK) which provided aviation security services in the United Kingdom. | |||||||||
Certain amounts, related primarily to discontinued operations in the prior year balance sheet, statements of operations and comprehensive loss have been reclassified to conform to the current period presentation. | |||||||||
A summary of the Company's assets and liabilities from discontinued operations as of June 30, 2013 and 2012 are as follows: | |||||||||
June 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
ASSETS | |||||||||
CURRENT ASSETS: | |||||||||
Cash and cash equivalents | $ | 412 | $ | 44 | |||||
Accounts receivable, net | 440 | 730 | |||||||
Prepaid expenses and other current assets | 56 | 31 | |||||||
Total current assets from discontinued operations | 908 | 805 | |||||||
Property and equipment, net | - | 4 | |||||||
Total assets from discontinued operations | $ | 908 | $ | 809 | |||||
LIABILITIES | |||||||||
CURRENT LIABILITIES: | |||||||||
Accounts payable | $ | 100 | $ | 103 | |||||
Accrued expenses and other current liabilities | 422 | 406 | |||||||
Income taxes payable | 90 | 1,937 | |||||||
Total current liabilities from discontinued operations | $ | 612 | $ | 2,446 | |||||
A summary of the Company's results from discontinued operations for the periods ended June 30, 2013, and 2012 is as follows: | |||||||||
Period ended, June 30, | |||||||||
2013 | 2012 | ||||||||
Revenue | $ | 1,807 | $ | 4,006 | |||||
Cost of revenue | 1,399 | 4,201 | |||||||
GROSS PROFIT (EXCESS OF COSTS OF REVENUES OVER REVENUE) | 408 | (195 | ) | ||||||
Selling, general and administrative expenses | 266 | 754 | |||||||
OPERATING PROFIT (LOSS) | 142 | (949 | ) | ||||||
Other income , net | 624 | (30 | ) | ||||||
Income tax benefit | 1,224 | - | |||||||
Income (loss) from discontinued operations | $ | 1,990 | $ | (979 | ) | ||||
Segment_and_Geographical_Infor
Segment and Geographical Information | 6 Months Ended | |||||||||||||||
Jun. 30, 2013 | ||||||||||||||||
Segment and Geographical Information [Abstract] | ' | |||||||||||||||
Segment and Geographical Information | ' | |||||||||||||||
Note 5 - Segment and Geographical Information | ||||||||||||||||
The Company operates in three reportable segments: (a) Corporate (b) Airport Security and other aviation services and (c) Technology. The Corporate segment does not generate revenue and contains primarily non-operational expenses. The Airport security and other aviation services segment provide security and other services to airlines authorities, predominantly the United States of America and Europe. The Technology segment is predominantly involved in the development and sale of identity security software to financial institutions and airport authorities, predominantly in Europe and Israel. All inter-segment transactions are eliminated in consolidation. | ||||||||||||||||
Airport | ||||||||||||||||
Security | ||||||||||||||||
and Other | ||||||||||||||||
Aviation | ||||||||||||||||
Corporate | Services | Technology | Total | |||||||||||||
Six months ended June 30, 2013: | ||||||||||||||||
Revenue | $ | - | $ | 56,935 | $ | 342 | $ | 57,277 | ||||||||
Depreciation and amortization | 1 | 327 | 41 | 369 | ||||||||||||
Loss from continuing operations | (705 | ) | (1,572 | ) | -1,594 | (3,871 | ) | |||||||||
Total assets | 384 | 25,410 | 541 | 26,335 | ||||||||||||
Six months ended June 30, 2012: | ||||||||||||||||
Revenue | $ | - | $ | 46,867 | $ | 276 | $ | 47,143 | ||||||||
Depreciation and amortization | 1 | 296 | 27 | 324 | ||||||||||||
Loss from continuing operations | (852 | ) | (811 | ) | -1,628 | (3,291 | ) | |||||||||
Total assets | 427 | 20,995 | 386 | 21,808 | ||||||||||||
The following table sets forth, for the periods indicated, revenue generated by country: | ||||||||||||||||
(U.S. Dollars in Thousands) | ||||||||||||||||
Six months ended June 30, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Netherlands | $ | 26,172 | $ | 23,485 | ||||||||||||
United States of America | 19,494 | 17,313 | ||||||||||||||
Other | 11,611 | 6,345 | ||||||||||||||
Total | $ | 57,277 | $ | 47,143 |
Discontinued_operations_Tables
Discontinued operations (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2013 | |||||||||
Discontinued operations [Abstract] | ' | ||||||||
Schedule of Discontinued Operations | ' | ||||||||
A summary of the Company's assets and liabilities from discontinued operations as of June 30, 2013 and 2012 are as follows: | |||||||||
June 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
ASSETS | |||||||||
CURRENT ASSETS: | |||||||||
Cash and cash equivalents | $ | 412 | $ | 44 | |||||
Accounts receivable, net | 440 | 730 | |||||||
Prepaid expenses and other current assets | 56 | 31 | |||||||
Total current assets from discontinued operations | 908 | 805 | |||||||
Property and equipment, net | - | 4 | |||||||
Total assets from discontinued operations | $ | 908 | $ | 809 | |||||
LIABILITIES | |||||||||
CURRENT LIABILITIES: | |||||||||
Accounts payable | $ | 100 | $ | 103 | |||||
Accrued expenses and other current liabilities | 422 | 406 | |||||||
Income taxes payable | 90 | 1,937 | |||||||
Total current liabilities from discontinued operations | $ | 612 | $ | 2,446 | |||||
A summary of the Company's results from discontinued operations for the periods ended June 30, 2013, and 2012 is as follows: | |||||||||
Period ended, June 30, | |||||||||
2013 | 2012 | ||||||||
Revenue | $ | 1,807 | $ | 4,006 | |||||
Cost of revenue | 1,399 | 4,201 | |||||||
GROSS PROFIT (EXCESS OF COSTS OF REVENUES OVER REVENUE) | 408 | (195 | ) | ||||||
Selling, general and administrative expenses | 266 | 754 | |||||||
OPERATING PROFIT (LOSS) | 142 | (949 | ) | ||||||
Other income , net | 624 | (30 | ) | ||||||
Income tax benefit | 1,224 | - | |||||||
Income (loss) from discontinued operations | $ | 1,990 | $ | (979 | ) | ||||
Segment_and_Geographical_Infor1
Segment and Geographical Information (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2013 | ||||||||||||||||
Segment and Geographical Information [Abstract] | ' | |||||||||||||||
Summary of Operating Results by Segment | ' | |||||||||||||||
Note 5 - Segment and Geographical Information | ||||||||||||||||
The Company operates in three reportable segments: (a) Corporate (b) Airport Security and other aviation services and (c) Technology. The Corporate segment does not generate revenue and contains primarily non-operational expenses. The Airport security and other aviation services segment provide security and other services to airlines authorities, predominantly the United States of America and Europe. The Technology segment is predominantly involved in the development and sale of identity security software to financial institutions and airport authorities, predominantly in Europe and Israel. All inter-segment transactions are eliminated in consolidation. | ||||||||||||||||
Airport | ||||||||||||||||
Security | ||||||||||||||||
and Other | ||||||||||||||||
Aviation | ||||||||||||||||
Corporate | Services | Technology | Total | |||||||||||||
Six months ended June 30, 2013: | ||||||||||||||||
Revenue | $ | - | $ | 56,935 | $ | 342 | $ | 57,277 | ||||||||
Depreciation and amortization | 1 | 327 | 41 | 369 | ||||||||||||
Loss from continuing operations | (705 | ) | (1,572 | ) | -1,594 | (3,871 | ) | |||||||||
Total assets | 384 | 25,410 | 541 | 26,335 | ||||||||||||
Six months ended June 30, 2012: | ||||||||||||||||
Revenue | $ | - | $ | 46,867 | $ | 276 | $ | 47,143 | ||||||||
Depreciation and amortization | 1 | 296 | 27 | 324 | ||||||||||||
Loss from continuing operations | (852 | ) | (811 | ) | -1,628 | (3,291 | ) | |||||||||
Total assets | 427 | 20,995 | 386 | 21,808 | ||||||||||||
The following table sets forth, for the periods indicated, revenue generated by country: | ||||||||||||||||
(U.S. Dollars in Thousands) | ||||||||||||||||
Six months ended June 30, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Netherlands | $ | 26,172 | $ | 23,485 | ||||||||||||
United States of America | 19,494 | 17,313 | ||||||||||||||
Other | 11,611 | 6,345 | ||||||||||||||
Total | $ | 57,277 | $ | 47,143 | ||||||||||||
Schedule of Revenues by Geographic Area | ' | |||||||||||||||
The following table sets forth, for the periods indicated, revenue generated by country: | ||||||||||||||||
(U.S. Dollars in Thousands) | ||||||||||||||||
Six months ended June 30, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Netherlands | $ | 26,172 | $ | 23,485 | ||||||||||||
United States of America | 19,494 | 17,313 | ||||||||||||||
Other | 11,611 | 6,345 | ||||||||||||||
Total | $ | 57,277 | $ | 47,143 |
Organization_Details
Organization (Details) (USD $) | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 | Dec. 31, 2012 |
Organization [Abstract] | ' | ' | ' |
Working capital | $8,985 | ' | $10,307 |
Loss from continuing operations | -3,871 | -3,291 | ' |
Borrowing capacity under the convertible notes payable to related party | $32,000 | ' | ' |
Certain_transactions_Details
Certain transactions (Details) (USD $) | 6 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Dec. 31, 2012 | Jul. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 |
IRS Tax Examination [Member] | IRS Tax Examination [Member] | IRS Tax Examination [Member] | IRS Tax Examination [Member] | IRS Tax Examination [Member] | |||
Minimum [Member] | Maximum [Member] | ||||||
Income Tax Examination [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Years under examination | ' | ' | ' | ' | ' | '2002 | '2004 |
Assessed income tax liability | ' | ' | ' | $7,325 | ' | ' | ' |
Reserve for interest and penalties | ' | ' | ' | 10,690 | ' | ' | ' |
Outstanding tax claims | ' | ' | ' | 3,329 | ' | ' | ' |
Outstanding tax claims, interest | ' | ' | ' | 877 | ' | ' | ' |
Accepted Offer In Compromise, amount | ' | ' | 200 | ' | ' | ' | ' |
Unrecognized tax benefits | ' | ' | ' | 3,458 | ' | ' | ' |
Current liabilities from discontinued operations | 612 | 2,446 | ' | 1,937 | 90 | ' | ' |
Income taxes payable | 197 | 1,714 | ' | 1,521 | 70 | ' | ' |
Acquisition of Company in Germany | ' | ' | ' | ' | ' | ' | ' |
Expected annual revenues from acquired subsidiary | $18,400 | ' | ' | ' | ' | ' | ' |
Discontinued_operations_Narrat
Discontinued operations (Narrative) (Details) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 |
Discontinued operations [Abstract] | ' | ' |
Change in uncertain income tax positions, including interest and penalties | $1,847 | ($31) |
Discontinued_operations_Summar
Discontinued operations (Summary of Assets and Liabilities from Discontinued Operations) (Details) (USD $) | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS: | ' | ' |
Cash and cash equivalents | $412 | $44 |
Accounts receivable, net | 440 | 730 |
Prepaid expenses and other current assets | 56 | 31 |
Total current assets from discontinued operations | 908 | 805 |
Property and equipment, net | ' | 4 |
Total assets from discontinued operations | 908 | 809 |
CURRENT LIABILITIES: | ' | ' |
Accounts payable | 100 | 103 |
Accrued expenses and other current liabilities | 422 | 406 |
Income taxes payable | 90 | 1,937 |
Total current liabilities from discontinued operations | $612 | $2,446 |
Discontinued_operations_Summar1
Discontinued operations (Summary of Results from Discontinued Operations) (Details) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 |
Discontinued operations [Abstract] | ' | ' |
Revenue | $1,807 | $4,006 |
Cost of revenue | 1,399 | 4,201 |
GROSS PROFIT (EXCESS OF COSTS OF REVENUES OVER REVENUE) | 408 | -195 |
Selling, general and administrative expenses | 266 | 754 |
OPERATING PROFT (LOSS) | 142 | -949 |
Other income, net | 624 | -30 |
Income tax benefit | 1,224 | ' |
Income (loss) from discontinued operations | $1,990 | ($979) |
Segment_and_Geographical_Infor2
Segment and Geographical Information (Operating Results of Reportable Segments) (Details) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 |
Segment Reporting Information [Line Items] | ' | ' |
Revenue | $57,277 | $47,143 |
Depreciation and amortization | 369 | 324 |
Loss from continuing operations | -3,871 | -3,291 |
Total assets from continuing operations | 26,335 | 21,808 |
Corporate [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue | ' | ' |
Depreciation and amortization | 1 | 1 |
Loss from continuing operations | -705 | -852 |
Total assets from continuing operations | 384 | 427 |
Airport Security and Other Aviation Services [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue | 56,935 | 46,867 |
Depreciation and amortization | 327 | 296 |
Loss from continuing operations | -1,572 | -811 |
Total assets from continuing operations | 25,410 | 20,995 |
Technology [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue | 342 | 276 |
Depreciation and amortization | 41 | 27 |
Loss from continuing operations | -1,594 | -1,628 |
Total assets from continuing operations | $541 | $386 |
Segment_and_Geographical_Infor3
Segment and Geographical Information (Revenue by Country) (Details) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 |
Segment Reporting Information [Line Items] | ' | ' |
Revenue | $57,277 | $47,143 |
Netherlands [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue | 26,172 | 23,485 |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue | 19,494 | 17,313 |
Other [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue | $11,611 | $6,345 |