on Track Innovations (OTIVF) 10-Q 14 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 09, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	ON TRACK INNOVATIONS LTD
Entity Central Index Key	0001021604
Trading Symbol	OTIV
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		41,294,377

Interim Unaudited Condensed Con

Interim Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 4,014	$ 4,827
Short-term investments	905	1,078
Trade receivables (net of allowance for doubtful accounts of $560 and 555 as of March 31, 2019 and December 31, 2018, respectively)	2,707	4,530
Other receivables and prepaid expenses	1,789	2,060
Inventories	3,964	3,527
Asset held for sale	772
Total current assets	14,151	16,022
Long-term restricted deposit for employees benefit	454	451
Severance pay deposits	387	375
Property, plant and equipment, net	4,013	5,033
Intangible assets, net	241	241
Right-of-use assets	1,381
Total Assets	20,627	22,122
Current Liabilities
Short-term bank credit and current maturities of long-term bank loans	518	260
Trade payables	4,937	4,712
Other current liabilities	2,534	3,622
Total current liabilities	7,989	8,594
Long-Term Liabilities
Long-term loans, net of current maturities	32	39
Long-term liabilities due to operating leases, net of current maturities	857
Accrued severance pay	894	853
Deferred tax liability	426	445
Total long-term liabilities	2,209	1,337
Total Liabilities	10,198	9,931
Commitments and Contingencies, see note 6
Equity
Ordinary shares of NIS 0.1 par value: Authorized - 50,000,000 shares as of March 31, 2019 and December 31, 2018; issued: 42,473,076 shares as of March 31, 2019 and December 31, 2018; outstanding: 41,294,377 shares as of March 31, 2019 and December 31, 2018	1,068	1,068
Additional paid-in capital	225,068	225,022
Treasury shares at cost - 1,178,699 shares as of March 31, 2019 and December 31, 2018	(2,000)	(2,000)
Accumulated other comprehensive loss	(1,019)	(956)
Accumulated deficit	(212,688)	(210,943)
Total Equity	10,429	12,191
Total Liabilities and Equity	$ 20,627	$ 22,122

Interim Unaudited Condensed C_2

Interim Unaudited Condensed Consolidated Balance Sheets (Parenthetical) $ in Thousands	Mar. 31, 2019USD ($)shares	Mar. 31, 2019₪ / shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2018₪ / shares
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, net | $	$ 560		$ 555
Ordinary shares, par value | ₪ / shares		₪ 0.1		₪ 0.1
Ordinary shares, shares authorized	50,000,000		50,000,000
Ordinary shares, shares issued	42,473,076		42,473,076
Ordinary shares, shares outstanding	41,294,377		41,294,377
Treasury shares ,at cost	1,178,699		1,178,699

Interim Unaudited Condensed C_3

Interim Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Revenues
Sales		$ 1,722	$ 4,241	[1]
Licensing and transaction fees		1,291	1,271	[1]
Total revenues		3,013	5,512	[1]
Cost of revenues
Cost of sales		1,370	2,632	[1]
Total cost of revenues		1,370	2,632	[1]
Gross profit		1,643	2,880	[1]
Operating expenses
Research and development		871	820	[1]
Selling and marketing		1,285	1,645	[1]
General and administrative		965	907	[1]
Total operating expenses		3,121	3,372	[1]
Operating loss from continuing operations		(1,478)	(492)	[1]
Financial expenses, net		(69)	(32)	[1]
Loss from continuing operations before taxes on income		(1,547)	(524)	[1]
Income tax (expenses) benefits		(5)	124	[1]
Loss from continuing operations		(1,552)	(400)	[1]
(Loss) income from discontinued operations		(193)	67	[1]
Net loss		$ (1,745)	$ (333)	[1]
Basic and diluted net loss attributable to shareholders per ordinary share
From continuing operations		$ (0.04)	$ (0.01)	[1]
From discontinued operations	[2]
Total		$ (0.04)	$ (0.01)	[1]
Weighted average number of ordinary shares used in computing basic and diluted net loss per ordinary share		41,294,377	41,214,378	[1]
[1]	Reclassified to conform with the current period presentation, see Note 1C(2).
[2]	Less than $0.01 per ordinary share.

Interim Unaudited Condensed C_4

Interim Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Total comprehensive loss:
Net loss	$ (1,745)	$ (333)	[1]
Foreign currency translation adjustments	(63)	58
Total comprehensive loss	$ (1,808)	$ (275)
[1]	Reclassified to conform with the current period presentation, see Note 1C(2).

Interim Unaudited Condensed C_5

Interim Unaudited Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total		Share capital	Additional paid-in capital	Treasury Shares (at cost)	Accumulated other comprehensive Income (loss)	Accumulated deficit
Balance at Dec. 31, 2017	$ 12,451		$ 1,064	$ 224,758	$ (2,000)	$ (691)	$ (210,680)
Balance, Shares at Dec. 31, 2017			42,353,077
Changes during the three month period ended
Stock-based compensation	53			53
Foreign currency translation adjustments	58					58
Net loss	(333)	[1]					(333)
Balance at Mar. 31, 2018	12,229		$ 1,064	224,811	(2,000)	(633)	(211,013)
Balance, Shares at Mar. 31, 2018			42,353,077
Balance at Dec. 31, 2018	12,191		$ 1,068	225,022	(2,000)	(956)	(210,943)
Balance, Shares at Dec. 31, 2018			42,473,076
Changes during the three month period ended
Stock-based compensation	46			46
Foreign currency translation adjustments	(63)					(63)
Net loss	(1,745)						(1,745)
Balance at Mar. 31, 2019	$ 10,429		$ 1,068	$ 225,068	$ (2,000)	$ (1,019)	$ (212,688)
Balance, Shares at Mar. 31, 2019			42,473,076
[1]	Reclassified to conform with the current period presentation, see Note 1C(2).

Interim Unaudited Condensed C_6

Interim Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	[1]
Cash flows from continuing operating activities
Net loss from continuing operations	$ (1,552)	$ (400)
Adjustments required to reconcile net loss to net cash provided by continuing operating activities:
Stock-based compensation related to options issued to employees and others	46	53
Gain on sale of property and equipment, net	(2)
Accrued interest and linkage differences, net	(12)	14
Depreciation and amortization	320	335
Deferred tax benefits, net	(10)	(124)
Changes in operating assets and liabilities:
Accrued severance pay, net	29	(3)
Decrease in trade receivables, net	1,323	886
Decrease in other receivables and prepaid expenses	264	33
Increase in inventories	(457)	(35)
Increase (decrease) in trade payables	423	(117)
Decrease in other current liabilities	(186)	(51)
Net cash provided by continuing operating activities	186	591
Cash flows from continuing investing activities
Purchase of property and equipment	(115)	(322)
Proceeds from sale of property, plant and equipment	10
Change in short-term investments, net	6	1,164
Proceeds from restricted deposit for employee benefits	10
Investment in capitalized certification costs	(48)	(13)
Net cash (used in) provided by continuing investing activities	(137)	829
Cash flows from continuing financing activities
Increase in short-term bank credit, net	372	33
Repayment of long-term bank loans	(119)	(144)
Net cash provided by (used in) continuing financing activities	253	(111)
Cash flows from discontinued operations
Net cash (used in) provided by discontinued operating activities	(1,231)	244
Total net cash (used in) provided by discontinued operations	(1,231)	244
Effect of exchange rate changes on cash and cash equivalents	(57)	63
Increase in cash, cash equivalents and restricted cash	(986)	1,616
Cash, cash equivalents and restricted cash - beginning of the period	5,105	7,799
Cash, cash equivalents and restricted cash - end of the period	4,119	9,415
Cash paid during the period for:
Interest paid	4	41
Income taxes paid	$ 69
[1]	Reclassified to conform with the current period presentation, see Note 1C(2).

Organization and Basis of Prese

Organization and Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Organization and Basis of Presentation [Abstract]
Organization and Basis of Presentation	Note 1 - Organization and Basis of Presentation A. Description of business On Track Innovations Ltd. (the “Company”) was founded in 1990, in Israel. The Company and its subsidiaries (together, the “Group”) are principally engaged in the field of design and development of cashless payment solutions. The Company’s ordinary shares are listed for trading on the Nasdaq Capital Market (formerly listed on the Nasdaq Global Market until April 13, 2016). At March 31, 2019, the Company operates in two operating segments: (a) Retail and Mass Transit Ticketing, and (b) Petroleum. See Note 11. During 2018, the Company sold its medical smart cards operation – see Note 1C(2). B. Interim Unaudited Financial Information The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements and therefore should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. In the opinion of management, all adjustments considered necessary for a fair statement, consisting of normal recurring adjustments, have been included. Operating results for the three month period ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the assets, liabilities, revenue, costs, expenses and accumulated other comprehensive income/(loss) that are reported in the Interim Consolidated Financial Statements and accompanying disclosures. These estimates are based on management’s best knowledge of current events, historical experience, actions that the Company may undertake in the future and on various other assumptions that are believed to be reasonable under the circumstances. As a result, actual results may be different from these estimates. C. Divestiture of operations 1. In December 2013, the Company completed the sale of certain assets, subsidiaries and intellectual property (“IP”) relating to its Smart ID division, for a total purchase price of $10,000 in cash and an additional $12,500 subject to performance-based milestones. Accordingly, the results and the cash flows of this operation for all reporting periods are presented in the statements of operations and in the statements of cash flows, respectively, as discontinued operations separately from continuing operations. On April 20, 2016, the purchaser of the Smart ID division, SuperCom Ltd. (“SuperCom”), and the Company entered into a settlement agreement resolving certain litigation between SuperCom and the Company pursuant to which SuperCom paid the Company $2,050 and agreed to pay the Company up to $1,500 in accordance with and subject to a certain earn-out mechanism. In November 2017, the Company commenced an arbitration procedure with SuperCom, in which the Company claims that additional earn-out payments have not been paid to the Company. SuperCom raised issues against the Company during the arbitration procedure. An arbitration decision was issued on December 24, 2018 in the Company’s favor and denied SuperCom's claims. The Arbitrator ordered SuperCom to disclose the financial information regarding the earn-out payments that the Company is entitled to receive, and to pay the Company accordingly, or otherwise pay the Company the maximum earn-out amount, which equals $1,500 minus the earn-out amounts that were already paid by SuperCom to the Company. On February 7, 2019, SuperCom filed an application to the District Court in Tel Aviv to cancel the said arbitration decision and the Company submitted a response to the application on March 19, 2019. The Company records the earn-out payments only when the consideration is determined to be realizable. The Company did not record or receive any contingent consideration during the three months ended March 31, 2019 and 2018. 2. In December 2018, the Company completed the sale of its medical smart cards operation (“Medismart”) (formerly part of the Company’s “Other segment”) to Smart Applications International Limited ("Smart") for a total price of $2,750. The Company has determined that the sale of the Medismart business qualifies as a discontinued operation. Accordingly, the results and the cash flows of this operation for all reporting periods are presented in the statements of operations and in the statements of cash flows, respectively, as discontinued operations separately from continuing operations (see also Note 8). All prior periods’ information has been reclassified to conform with the current period’s presentation. D. Events in the reporting period 1. In January 2019, the Company signed agreements pursuant to which the Company will lease offices in Yokne’am and in Rosh Pina, Israel (in lieu of the current leased headquarters building in Rosh Pina). The operating lease periods of those buildings in Yokne’am and in Rosh Pina are five years and four years, respectively (excluding the extension-periods, as mentioned in the agreements), and expected to commence in the middle of 2019. The total annual rent expenses of both offices, including management fees and excluding construction costs-reimbursement, are expected to be approximately NIS 650 ($180). The construction costs-reimbursement are expected to be approximately NIS 3,450 ($950) that will be paid during the lease period. 2. In March 2019, OTI Petrosmart (Pty), Ltd., the South African subsidiary (hereinafter – “Petrosmart”), entered into an agreement pursuant to which Petrosmart will sell its head office in Cape Town, South Africa, to a third party for a consideration of Rand 15,500 (approximately $1,064), that will be received on the date of the sale, and Petrosmart will lease back this building for its current operations. Subject to the fulfillment of certain conditions, the sale is expected to be completed and the operating lease is expected to commence on July 1, 2019. The leaseback period is three years. The annual rent for the first year will be approximately Rand 1,800 (approximately $124) and will be increased by 8.5% each year. Petrosmart has the right to extend the lease by two years. As of March 31, 2019, this building’s book value is $772 and is presented as asset held for sale within ‘current assets’. The Company does not record right-of-use assets and operating lease liabilities regarding those buildings, as mentioned above, in its consolidated financial statements as of March 31, 2019, due to the fact that the commencement date of the lease periods is subsequent to the balance sheet date – see also Note 2A. The Company is in the process of determining the final terms of those leases, including the commencement date of the lease periods, and evaluating their impact on the consolidated financial statements.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Significant Accounting Policies [Abstract]
Significant Accounting Policies	Note 2 - Significant Accounting Policies Except as described below, these interim unaudited condensed consolidated financial statements have been prepared according to the same accounting policies as those discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 A. Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842), which supersedes Accounting Standards Codification (“ASC”) 840, Leases. This ASU requires lessees to recognize a right-of-use asset and lease liability on the balance sheet for most leases, whereas until December 31, 2018, only financing-type lease liabilities (capital leases) were recognized on the balance sheet. Right-of-use assets represent company’s right to use an underlying asset for the lease term and lease liabilities represent company’s obligation to make lease payments arising from the lease. Operating and finance lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. The Company uses its incremental borrowing rate based on the information available at the commencement date to determine the present value of the lease payments. In addition, the definition of a lease in the ASU has been revised with respect to when an arrangement conveys the right to control the use of the identified asset under the arrangement, which may result in changes to the classification of an arrangement as a lease. The ASU does not significantly change the lessees’ recognition, measurement and presentation of expenses and cash flows from the previous accounting standard. Lessors’ accounting under the ASU is largely unchanged from the previous accounting standard. The ASU expands the disclosure requirements of lease arrangements. The Company has adopted ASU 2016-02 commencing from January 1, 2019, under the effective date method. In accordance with the effective date method, comparative periods are not restated, and the Company needs to record a cumulative-effect adjustment within its accumulated deficit in the equity on January 1, 2019, without reclassification of previous financial statements. The new standard provides a number of optional practical expedients in transition. The Company elect the ‘package of practical expedients’, which permits the Company not to reassess its prior conclusions regarding lease identification, lease classification and initial direct costs under the new standard and also elect the practical expedient pertaining to the use-of hindsight. The new standard also provides practical expedients for an entity’s ongoing accounting. The Company also elected the practical expedient to not separate lease and non-lease components for all of the Company’s leases, other than leases of real estate. Additionally, following the adoption of the new standard and in subsequent measurements, the Company applies the portfolio approach to account for the operating lease right-of-use assets and liabilities for certain leases and incremental borrowing rates. The Company did not have a cumulative-effect adjustment to retained earnings as a result of the adoption of the new standard. The adoption of this standard does not have a material impact on the results of operations and cash flows. See Note 5 for the impact on the balance sheet as of March 31, 2019, and additional disclosures, as required by the new standard. B. Recent accounting pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326). The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this ASU replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018. The Company currently does not expect the adoption of this accounting standard to have a material impact on its consolidated financial statements.

Other Receivables and Prepaid E

Other Receivables and Prepaid Expenses	3 Months Ended
	Mar. 31, 2019
Other Receivables and Prepaid Expenses [Abstract]
Other Receivables and Prepaid Expenses	Note 3 - Other Receivables and Prepaid Expenses March 31 December 31 2019 2018 Government institutions $ 304 $ 387 Prepaid expenses 251 226 Receivables under contractual obligations to be transferred to others * 283 349 Suppliers advance 828 932 Other receivables 123 166 $ 1,789 $ 2,060 * The Company’s subsidiary in Poland is required to collect certain fees that are to be transferred to local authorities.

Other Current Liabilities

Other Current Liabilities	3 Months Ended
	Mar. 31, 2019
Other Current Liabilities [Abstract]
Other Current Liabilities	Note 4 - Other Current Liabilities March 31 December 31 2019 2018 Employees and related expenses $ 1,072 $ 1,042 Accrued expenses 753 921 Customer advances 60 141 Short-term liabilities due to operating leases and current maturities ** 531 - Other current liabilities 118 *1,518 $ 2,534 $ 3,622 * See Note 6A(1). ** See Note 2A.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Note 5 - Leases The Company leases a limited number of assets, mainly offices and cars for use in its operations. The Company adopted the new accounting standard ASC 842 “Leases” and all the related amendments on January 1, 2019 and used the effective date as company’s date of initial application. As of March 31, 2019, right-of-use assets due to operating leases are $1,381 (as of January 1, 2019 - $1,572) and the liabilities due to operating leases are $1,388 (as of January 1, 2019 - $1,572), out of which $857 are classified as long-term liabilities and $531 are classified as current liabilities. The Company includes renewal options that it is reasonably certain to exercise in the measurement of the lease liabilities. The remaining operating lease periods of the leases range from less than one year to six years as of March 31, 2019. The weighted average remaining lease term is 2.6 as of March 31, 2019. The following is a schedule of the maturities of operating lease liabilities for the next five years as of March 31, 2019, and thereafter: Remainder of 2019 $ 393 2020 346 2021 274 2022 159 2023 137 Thereafter 152 Total leases payments 1,461 Less - discount 73 Operating lease liabilities $ 1,388 As of March 31, 2019, the weighted average discount rate of the operating leases is approximately 4.1%. Operating lease costs and cash paid for amounts included in the measurement of the lease liabilities were approximately $180 during the three months ended March 31, 2019. Operating lease costs include fixed payments and variable payments that depend on an index or rate. There are no other significant variable lease payments. The Company does not have any material leases, individually or in the aggregate, classified as a finance leasing arrangement. The following is a schedule of the maturities of operating lease liabilities for the next five years as of December 31, 2018, and thereafter: 2019 $ 523 2020 350 2021 277 2022 163 2023 140 Thereafter 156 Total leases payments $ 1,609

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 6 - Commitments and Contingencies A. Legal claims 1. In June 2013, prior to the Company's divestiture of its SmartID division, Merwell Inc. (“Merwell”) filed a claim against the Company before an agreed-upon arbitrator alleging breach of contract in connection with certain commissions claimed to be owed to Merwell with respect to the division’s activities in Tanzania. These activities, along with all other activities of the SmartID division, were later assigned to and assumed by SuperCom in its purchase of the division. SuperCom undertook to indemnify the Company and hold it harmless against any liabilities the Company may incur in connection with Merwell’s consulting agreement and the arbitration. An arbitration decision was issued on February 21, 2016, awarding Merwell approximately $855 for outstanding commissions, plus expenses and legal fees. The arbitration decision had been appealed and the appeal was denied on June 17, 2018. In order to collect the award, Merwell filed a motion against the Company and the Nazareth District Court issued a judgment requiring the Company to pay Merwell an amount of approximately NIS 5,080 (approximately $1,370) that was paid by the Company on January 8, 2019. As mentioned above, based on the agreement with SuperCom from April 2016 (which was granted an effect of a court judgment), SuperCom is liable for all the costs and liabilities arising out of this claim. In the first quarter of 2019, the Company initiated an arbitration process to collect from SuperCom, the amount paid to Merwell, which SuperCom failed to pay as of the date hereof. The consolidated financial statements as of December 31, 2018, include a provision for the full amount paid. Despite the fact that, based on the assessment of the Company’s external legal counsel, the likelihood to succeed in the arbitration process (or other legal procedure in that matter) is high, the Company did not record an indemnification asset as of March 31, 2019 and December 31, 2018, in accordance with accounting standard ASC 450. 2. In October 2013, a financial claim was filed against the Company and its then French subsidiary, Parx France (in this paragraph, together, the “Defendants”), in the Commercial Court of Paris, France (in this paragraph, the “Court”). The sum of the claim is €1,500 (approximately $1,684) and is based on the allegation that the plaintiff sustained certain losses in connection with Defendants not granting the plaintiff exclusive marketing rights to distribute and operate the Defendants’ PIAF Parking System in Paris and the Ile of France. On October 25, 2017, the Court issued its ruling in this matter dismissing all claims against the Company but ordering Parx France to pay the plaintiff €50 ($56) plus interest in damages plus another approximately €5 ($6) in other fees and penalties. The Company offered to pay the amounts mentioned above to the plaintiff in consideration for not filing future appeals. The Plaintiff rejected this offer and filed an appeal against Parx France and the Company claiming the sum of €503 ($565) plus interest and expenses. The Company will submit its answer to the appeal by November 7, 2019, and the appeal hearing is scheduled for December 5, 2019. Based on the assessment of the Company's external legal counsel, the Company’s management is of the opinion that the chances of the appeal being approved against the Company are low. B. Guarantees As of March 31, 2019, the Company has granted performance guarantees and guarantees to secure customer advances in the sum of $271. The expiration dates of the guarantees range from April 2019 to June 2019.

Revenues

Revenues	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenues	Note 7 - Revenues Disaggregation of revenue The following tables disaggregates the Company’s revenue by major source based on categories that depict its nature and timing as reviewed by management for the three months ended March 31, 2019 and 2018: Three months ended March 31 2019 Retail and Mass Transit Petroleum Total Cashless payment products (A) $ 839 $ - $ 839 Complete cashless payment solutions (B): Sales of products (B1) 137 505 642 Licensing fees, transaction fees and services (B2) 1,217 315 1,532 1,354 820 2,174 Total revenues $ 2,193 $ 820 $ 3,013 Three months ended March 31 2018* Retail and Mass Transit Petroleum Total Cashless payment products (A) $ 2,304 $ - $ 2,304 Complete cashless payment solutions (B): Sales of products (B1) 1,027 594 1,621 Licensing fees, transaction fees and services (B2) 1,239 348 1,587 2,266 942 3,208 Total revenues $ 4,570 $ 942 $ 5,512 * Reclassified to conform with the current period presentation, see Note 1C(2). Performance obligations Below is a listing of performance obligations for the Company’s main revenue streams: A. Cashless payment products– The performance obligation is the selling of contactless payment products. Most of those products are Near Field Communication (NFC) readers. For such sales the performance obligation, transfer of control and revenue recognition occur when the products are delivered. B. Complete cashless payment solutions – The complete solution includes selling of products and complementary services, as follows: 1. Sales of products – ● Selling of contactless payment products (see A above) together with payment gateways and machine-to-machine controllers. ● Selling of petroleum payment solutions including site and vehicle equipment. For such sales, the performance obligation, transfer of control and revenue recognition occur when the products are delivered. 2. Licensing fees, transaction fees and services - The types of arrangements and their main performance obligations are as follows: ● To provide terminal management system licensing for software that is responsible for remote terminal management and cloud-based software licensing which provide data insights. For such services, the revenue recognition occurs as the services are rendered since the performance obligation is satisfied over time. ● To enable loading and sale of electronic contactless and paper cards. For such transaction fees, the revenue recognition occurs on the transaction date. ● To provide technical and customer services for products. For such services, the performance obligation is satisfied over time and therefore revenue recognition occurs as the services are rendered. The Company includes a warranty in connection with certain contracts with customers, which are not considered to be separate performance obligations. The cost to the Company of this warranty is insignificant. Contract balances March 31 December 31 2019 2018 Trade receivables, net of allowance for doubtful accounts $ 2,707 $ 4,530 Customer advances $ 60 $ 141 Accounts receivable are recognized when the right to consideration becomes unconditional based upon contractual billing schedules. Transaction price and variable consideration The transaction price is the amount of consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer, excluding amounts collected on behalf of third parties. In certain arrangements with variable consideration, revenue is recognized over time as it mainly is attributed to ongoing services provided. An immaterial amount which is related to the product is not recognized upon delivery since it is not probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2019
Discontinued Operations [Abstract]
Discontinued operations	Note 8 - Discontinued operations As described in Note 1C, the Company divested its interest in the SmartID division and its Medismart activity, and presented these activities as discontinued operations. Set forth below are the results of the discontinued operations: Three months ended 2019 * 2018 Revenues $ - $ 363 Expenses (193 ) (296 ) Net (loss) income from discontinued operations $ (193 ) $ 67 * Reclassified to conform with the current period presentation, see Note 1C(2).

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2019
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 9 - Fair Value of Financial Instruments The Company's financial instruments consist mainly of cash and cash equivalents, short-term interest bearing investments, accounts receivable, restricted deposits for employee benefits, accounts payable and short-term and long-term loans. Fair value for the measurement of financial assets and liabilities is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. The Company utilizes a valuation hierarchy for disclosure of the inputs for fair value measurement. This hierarchy prioritizes the inputs into three broad levels as follows: ● Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. ● Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. ● Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date. By distinguishing between inputs that are observable in the market place, and therefore more objective, and those that are unobservable and therefore more subjective, the hierarchy is designed to indicate the relative reliability of the fair value measurements. A financial asset or liability's classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The Company, in estimating fair value for financial instruments, determined that the carrying amounts of cash and cash equivalents, trade receivables, short and long term bank loans and trade payables are equivalent to, or approximate their fair value due to the short-term maturity of these instruments. The carrying amounts of variable interest rate long-term loans are equivalent or approximate to their fair value as they bear interest at approximate market rates. As of March 31, 2019, the Company held approximately $905 of short-term bank deposits (as of December 31, 2018 - $1,078). As of March 31, 2019 and December 31, 2018, short-term deposits in the amount of $105 and $278, respectively, have been pledged as security in respect of guarantees granted in respect of performance guarantees, loans and credit lines received from a bank and cannot be pledged to others or withdrawn without the consent of the bank.

Equity

Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Equity	Note 10 - Equity A. Stock option plans During each of the three-month periods ended March 31, 2019 and March 31, 2018, 100,000 options were granted. The vesting period for the options is three years. The exercise prices for the options that were granted during the three months ended March 31, 2019 and March 31, 2018, are $0.7 and $1.33, respectively. Those options expire up to five years after the date of grant. Any options which are forfeited or cancelled before expiration become available for future grants under the Company’s option plan. The fair value of each option granted to employees during the three months ended March 31, 2019 and March 31, 2018 was estimated on the date of grant, using the Black-Scholes model and the following assumptions: Three months ended 2019 2018 Expected dividend yield 0 % 0 % Expected volatility 79 % 80 % Risk-free interest rate 2.47 % 1.92 % Expected life - in years 2.44 2.33 1. Dividend yield of zero percent for all periods. 2. Expected average volatility represents a weighted average standard deviation rate for the price of the Company's ordinary shares on Nasdaq. 3. Risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. 4. Estimated expected lives are based on historical grants data. The Company’s options activity (including options to non-employees) and options outstanding and options exercisable as of December 31, 2018 and March 31, 2019, are summarized in the following table: Number of Weighted Outstanding – December 31, 2018 1,461,000 $ 1.24 Options granted 100,000 0.70 Options expired or forfeited (5,334 ) 1.21 Outstanding – March 31, 2019 1,555,666 1.20 Exercisable as of: December 31, 2018 855,642 $ 1.32 March 31, 2019 985,642 $ 1.29 The weighted average fair value of options granted during the three months ended March 31, 2019 and during the three months ended March 31, 2018 is $0.25 and $0.65, respectively, per option. The aggregate intrinsic value of outstanding options as of March 31, 2019 and December 31, 2018 is approximately $8 and $6, respectively. The aggregate intrinsic value of exercisable options as of March 31, 2019 and December 31, 2018 is approximately $8 and $4, respectively. The following table summarizes information about options outstanding and exercisable (including options to non-employees) as of March 31, 2019: Options outstanding Options Exercisable Range of exercise price ($) Number Weighted Weighted Number Weighted Weighted 0.44-0.90 644,000 2.77 0.75 420,000 1.73 0.74 1.07-1.68 701,666 3.17 1.23 355,642 2.99 1.23 2.32-2.36 170,000 0.13 2.35 170,000 0.13 2.35 3.03 40,000 0.48 3.03 40,000 0.48 3.03 1,555,666 2.60 985,642 1.86 As of March 31, 2019, there was approximately $236 of total unrecognized compensation cost related to non-vested stock-based compensation arrangements. That cost is expected to be recognized over a weighted-average period of approximately 1.18 years. During the three months ended March 31, 2019, and March 31, 2018, the Company recorded stock-based compensation expenses in the amount of $46 and $53, respectively, in accordance with ASC 718, “Compensation-Stock Compensation.” B. Warrants 1. During the three months ended March 31, 2019, no warrants expired or were exercised into ordinary shares. 2. As of March 31, 2019, there are remaining 40,000 outstanding warrants issued to one of the Company’s consultants during 2016 with a per share exercise price of $0.95. The warrants expire during 2019. C. Stock options and warrants in the amounts of 1,595,666 and 1,558,333 outstanding as of March 31, 2019 and 2018, respectively, have been excluded from the calculation of the diluted net loss per ordinary share because all such securities have an anti-dilutive effect for all periods presented.

Operating Segments

Operating Segments	3 Months Ended
	Mar. 31, 2019
Operating Segments [Abstract]
Operating segments	Note 11 - Operating segments For the purposes of allocating resources and assessing performance in order to improve profitability, the Company's chief operating decision maker (“CODM”) examines two segments which are the Company's strategic business units: (1) Retail and Mass Transit Ticketing; and (2) Petroleum. Information regarding the results of each reportable segment is included below based on the internal management reports that are reviewed by the CODM. Three months ended March 31, 2019 Retail and Mass Transit Petroleum Total Revenues $ 2,193 $ 820 $ 3,013 Reportable segment gross profit * 1,498 346 1,844 Reconciliation of reportable segment gross profit to gross profit for the period Depreciation (200 ) Stock-based compensation (1 ) Gross profit for the period in the consolidated financial statement $ 1,643 Three months ended March 31, 2018 ** Retail and Mass Transit Petroleum Total Revenues $ 4,570 $ 942 $ 5,512 Reportable segment gross profit * 2,543 552 3,095 Reconciliation of reportable segment gross profit to gross profit for the period Depreciation (214 ) Stock-based compensation (1 ) Gross profit for the period in the consolidated financial statement $ 2,880 * Gross profit as reviewed by the CODM, represents gross profit, adjusted to exclude depreciation and stock-based compensation . ** Reclassified to conform with the current period presentation, see Note 1C(2).

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Significant Accounting Policies [Abstract]
Recently Adopted Accounting Pronouncements	A. Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842), which supersedes Accounting Standards Codification (“ASC”) 840, Leases. This ASU requires lessees to recognize a right-of-use asset and lease liability on the balance sheet for most leases, whereas until December 31, 2018, only financing-type lease liabilities (capital leases) were recognized on the balance sheet. Right-of-use assets represent company’s right to use an underlying asset for the lease term and lease liabilities represent company’s obligation to make lease payments arising from the lease. Operating and finance lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. The Company uses its incremental borrowing rate based on the information available at the commencement date to determine the present value of the lease payments. In addition, the definition of a lease in the ASU has been revised with respect to when an arrangement conveys the right to control the use of the identified asset under the arrangement, which may result in changes to the classification of an arrangement as a lease. The ASU does not significantly change the lessees’ recognition, measurement and presentation of expenses and cash flows from the previous accounting standard. Lessors’ accounting under the ASU is largely unchanged from the previous accounting standard. The ASU expands the disclosure requirements of lease arrangements. The Company has adopted ASU 2016-02 commencing from January 1, 2019, under the effective date method. In accordance with the effective date method, comparative periods are not restated, and the Company needs to record a cumulative-effect adjustment within its accumulated deficit in the equity on January 1, 2019, without reclassification of previous financial statements. The new standard provides a number of optional practical expedients in transition. The Company elect the ‘package of practical expedients’, which permits the Company not to reassess its prior conclusions regarding lease identification, lease classification and initial direct costs under the new standard and also elect the practical expedient pertaining to the use-of hindsight. The new standard also provides practical expedients for an entity’s ongoing accounting. The Company also elected the practical expedient to not separate lease and non-lease components for all of the Company’s leases, other than leases of real estate. Additionally, following the adoption of the new standard and in subsequent measurements, the Company applies the portfolio approach to account for the operating lease right-of-use assets and liabilities for certain leases and incremental borrowing rates. The Company did not have a cumulative-effect adjustment to retained earnings as a result of the adoption of the new standard. The adoption of this standard does not have a material impact on the results of operations and cash flows. See Note 5 for the impact on the balance sheet as of March 31, 2019, and additional disclosures, as required by the new standard.
Recent Accounting Pronouncements	B. Recent accounting pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326). The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this ASU replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018. The Company currently does not expect the adoption of this accounting standard to have a material impact on its consolidated financial statements.

Other Receivables and Prepaid_2

Other Receivables and Prepaid Expenses (Tables)	3 Months Ended
	Mar. 31, 2019
Other Receivables and Prepaid Expenses [Abstract]
Schedule of other receivables and prepaid expenses	March 31 December 31 2019 2018 Government institutions $ 304 $ 387 Prepaid expenses 251 226 Receivables under contractual obligations to be transferred to others * 283 349 Suppliers advance 828 932 Other receivables 123 166 $ 1,789 $ 2,060 * The Company’s subsidiary in Poland is required to collect certain fees that are to be transferred to local authorities.

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Other Current Liabilities [Abstract]
Schedule of other current liabilities	March 31 December 31 2019 2018 Employees and related expenses $ 1,072 $ 1,042 Accrued expenses 753 921 Customer advances 60 141 Short-term liabilities due to operating leases and current maturities ** 531 - Other current liabilities 118 *1,518 $ 2,534 $ 3,622 * See Note 6A(1). ** See Note 2A.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Schedule of the maturities of operating lease liabilities	The following is a schedule of the maturities of operating lease liabilities for the next five years as of March 31, 2019, and thereafter: Remainder of 2019 $ 393 2020 346 2021 274 2022 159 2023 137 Thereafter 152 Total leases payments 1,461 Less - discount 73 Operating lease liabilities $ 1,388 The following is a schedule of the maturities of operating lease liabilities for the next five years as of December 31, 2018, and thereafter: 2019 $ 523 2020 350 2021 277 2022 163 2023 140 Thereafter 156 Total leases payments $ 1,609

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	Three months ended March 31 2019 Retail and Mass Transit Petroleum Total Cashless payment products (A) $ 839 $ - $ 839 Complete cashless payment solutions (B): Sales of products (B1) 137 505 642 Licensing fees, transaction fees and services (B2) 1,217 315 1,532 1,354 820 2,174 Total revenues $ 2,193 $ 820 $ 3,013 Three months ended March 31 2018* Retail and Mass Transit Petroleum Total Cashless payment products (A) $ 2,304 $ - $ 2,304 Complete cashless payment solutions (B): Sales of products (B1) 1,027 594 1,621 Licensing fees, transaction fees and services (B2) 1,239 348 1,587 2,266 942 3,208 Total revenues $ 4,570 $ 942 $ 5,512 * Reclassified to conform with the current period presentation, see Note 1C(2). A. Cashless payment products – The performance obligation is the selling of contactless payment products. Most of those products are Near Field Communication (NFC) readers. For such sales the performance obligation, transfer of control and revenue recognition occur when the products are delivered. B. Complete cashless payment solutions – The complete solution includes selling of products and complementary services, as follows: 1. Sales of products – ● Selling of contactless payment products (see A above) together with payment gateways and machine-to-machine controllers. ● Selling of petroleum payment solutions including site and vehicle equipment. For such sales, the performance obligation, transfer of control and revenue recognition occur when the products are delivered. 2. Licensing fees, transaction fees and services - The types of arrangements and their main performance obligations are as follows: ● To provide terminal management system licensing for software that is responsible for remote terminal management and cloud-based software licensing which provide data insights. For such services, the revenue recognition occurs as the services are rendered since the performance obligation is satisfied over time. ● To enable loading and sale of electronic contactless and paper cards. For such transaction fees, the revenue recognition occurs on the transaction date. ● To provide technical and customer services for products. For such services, the performance obligation is satisfied over time and therefore revenue recognition occurs as the services are rendered.
Schedule of contract balances	March 31 December 31 2019 2018 Trade receivables, net of allowance for doubtful accounts $ 2,707 $ 4,530 Customer advances $ 60 $ 141

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2019
Discontinued Operations [Abstract]
Schedule of results of the discontinued operations	Three months ended 2019 * 2018 Revenues $ - $ 363 Expenses (193 ) (296 ) Net (loss) income from discontinued operations $ (193 ) $ 67 * Reclassified to conform with the current period presentation, see Note 1C(2).

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Schedule of Black-Scholes model and assumptions	Three months ended 2019 2018 Expected dividend yield 0 % 0 % Expected volatility 79 % 80 % Risk-free interest rate 2.47 % 1.92 % Expected life - in years 2.44 2.33
Schedule of stock options activity	Number of Weighted Outstanding – December 31, 2018 1,461,000 $ 1.24 Options granted 100,000 0.70 Options expired or forfeited (5,334 ) 1.21 Outstanding – March 31, 2019 1,555,666 1.20 Exercisable as of: December 31, 2018 855,642 $ 1.32 March 31, 2019 985,642 $ 1.29
Schedule of options outstanding and exercisable	Options outstanding Options Exercisable Range of exercise price ($) Number Weighted Weighted Number Weighted Weighted 0.44-0.90 644,000 2.77 0.75 420,000 1.73 0.74 1.07-1.68 701,666 3.17 1.23 355,642 2.99 1.23 2.32-2.36 170,000 0.13 2.35 170,000 0.13 2.35 3.03 40,000 0.48 3.03 40,000 0.48 3.03 1,555,666 2.60 985,642 1.86

Operating Segments (Tables)

Operating Segments (Tables)	3 Months Ended
	Mar. 31, 2019
Operating Segments [Abstract]
Schedule of information regarding results of each reportable segment	Three months ended March 31, 2019 Retail and Mass Transit Petroleum Total Revenues $ 2,193 $ 820 $ 3,013 Reportable segment gross profit * 1,498 346 1,844 Reconciliation of reportable segment gross profit to gross profit for the period Depreciation (200 ) Stock-based compensation (1 ) Gross profit for the period in the consolidated financial statement $ 1,643 Three months ended March 31, 2018 ** Retail and Mass Transit Petroleum Total Revenues $ 4,570 $ 942 $ 5,512 Reportable segment gross profit * 2,543 552 3,095 Reconciliation of reportable segment gross profit to gross profit for the period Depreciation (214 ) Stock-based compensation (1 ) Gross profit for the period in the consolidated financial statement $ 2,880 * Gross profit as reviewed by the CODM, represents gross profit, adjusted to exclude depreciation and stock-based compensation . ** Reclassified to conform with the current period presentation, see Note 1C(2).

Organization and Basis of Pre_2

Organization and Basis of Presentation (Details) ₪ in Thousands, $ in Thousands	1 Months Ended					3 Months Ended
	Jan. 31, 2019USD ($)	Jan. 31, 2019ILS (₪)	Dec. 31, 2018USD ($)	Apr. 20, 2016	Dec. 31, 2013USD ($)	Mar. 31, 2019USD ($)Segments
Organization and Basis of Presentation (Textual)
Total purchase price in cash			$ 2,750		$ 10,000
Additional purchase price					$ 12,500
Settlement agreement resolving, description				On April 20, 2016, the purchaser of the Smart ID division, SuperCom Ltd. ("SuperCom"), and the Company entered into a settlement agreement resolving certain litigation between SuperCom and the Company pursuant to which SuperCom paid the Company $2,050 and agreed to pay the Company up to $1,500 in accordance with and subject to a certain earn-out mechanism.
Number of operating segments | Segments						2
Annual rent expenses	$ 180	₪ 650
Construction costs-reimbursement	$ 950	₪ 3,450
Third party, Description						Third party for a consideration of Rand 15,500 (approximately $1,064), that will be received on the date of the sale, and Petrosmart will lease back this building for its current operations. Subject to the fulfillment of certain conditions, the sale is expected to be completed and the operating lease is expected to commence on July 1, 2019.
Sale leaseback, Description						The leaseback period is three years. The annual rent for the first year will be approximately Rand 1,800 (approximately $124) and will be increased by 8.5% each year. Petrosmart has the right to extend the lease by two years.
Building’s book value						$ 772

Other Receivables and Prepaid_3

Other Receivables and Prepaid Expenses (Details) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Other Receivables and Prepaid Expenses [Abstract]
Government institutions		$ 304	$ 387
Prepaid expenses		251	226
Receivables under contractual obligations to be transferred to others	[1]	283	349
Suppliers advance		828	932
Other receivables		123	166
Total other receivables and prepaid expenses		$ 1,789	$ 2,060
[1]	The Company's subsidiary in Poland is required to collect certain fees that are to be transferred to local authorities.

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Other Current Liabilities [Abstract]
Employees and related expenses		$ 1,072	$ 1,042
Accrued expenses		753	921
Customer advances		60	141
Short-term liabilities due to operating leases and current maturities	[1]	531
Other current liabilities		118	1,518	[2]
Total other current liabilities		$ 2,534	$ 3,622
[1]	See Note 2A.
[2]	See Note 6A(1).

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Remainder of 2019	$ 393	$ 523
2020	346	350
2021	274	277
2022	159	163
2023	137	140
Thereafter	152	156
Total leases payments	1,461	$ 1,609
Less - discount	73
Operating lease liabilities	$ 1,388

Leases (Details Textual)

Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Jan. 02, 2019	Dec. 31, 2018
Leases [Abstract]
Right-of-use assets due to operating leases	$ 1,381	$ 1,572
Right-of-use liabilities due to operating leases	1,388	$ 1,572
Operating leases	1,388
Current liabilities	7,989		8,594
Long-term liabilities	$ 2,209		$ 1,337
Weighted average discount rate	4.10%
Operating lease, cost	$ 180
Leases period	The remaining operating lease periods of the leases range from less than one year to six years
Operating lease, term	2 years 7 months 6 days

Commitments and Contingencies (

Commitments and Contingencies (Details) € in Thousands, ₪ in Thousands, $ in Thousands	Jan. 08, 2019USD ($)	Jan. 08, 2019ILS (₪)	Oct. 25, 2017USD ($)	Oct. 25, 2017EUR (€)	Feb. 21, 2016USD ($)	Oct. 31, 2013USD ($)	Oct. 31, 2013EUR (€)	Mar. 31, 2019USD ($)
Commitments and Contingencies (Textual)
Guarantees to secure customer advances								$ 271
Guarantees expiration dates description								The expiration dates of the guarantees range from April 2019 to June 2019.
Payment of interest plus and cost			$ 56	€ 50
Other fees and penalties			$ 6	€ 5
Merwell Inc. [Member]
Commitments and Contingencies (Textual)
Outstanding commissions arbitration					$ 855
Payment of interest plus and cost	$ 1,370	₪ 5,080
French subsidiary [Member]
Commitments and Contingencies (Textual)
Financial claim field						$ 1,684	€ 1,500
Parx France [Member]
Commitments and Contingencies (Textual)
Financial claim field						$ 565	€ 503

Revenues (Details)

Revenues (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	[2]
Disaggregation of Revenue [Line Items]
Cashless payment products	[1]	$ 839	$ 2,304
Complete cashless payment solutions:
Sales of products	[3]	642	1,621
Licensing fees, transaction fees and services	[4]	1,532	1,587
Total		2,174	3,208
Medical and access control smart cards:
Total revenues		3,013	5,512
Petroleum [Member]
Disaggregation of Revenue [Line Items]
Cashless payment products	[1]
Complete cashless payment solutions:
Sales of products	[3]	505	594
Licensing fees, transaction fees and services	[4]	315	348
Total		820	942
Medical and access control smart cards:
Total revenues		820	942
Retail and Mass Transit Ticketing [Member]
Disaggregation of Revenue [Line Items]
Cashless payment products	[1]	839	2,304
Complete cashless payment solutions:
Sales of products	[3]	137	1,027
Licensing fees, transaction fees and services	[4]	1,217	1,239
Total		1,354	2,266
Medical and access control smart cards:
Total revenues		$ 2,193	$ 4,570
[1]	Cashless payment products - The performance obligation is the selling of contactless payment products. Most of those products are Near Field Communication (NFC) readers. For such sales the performance obligation, transfer of control and revenue recognition occur when the products are delivered.
[2]	Reclassified to conform with the current period presentation, see Note 1C(2).
[3]	Sales of products - Selling of contactless payment products (see A above) together with payment gateways and machine-to-machine controllers. Selling of petroleum payment solutions including site and vehicle equipment. For such sales, the performance obligation, transfer of control and revenue recognition occur when the products are delivered.
[4]	Licensing fees, transaction fees and services - The types of arrangements and their main performance obligations are as follows: To provide terminal management system licensing for software that is responsible for remote terminal management and cloud-based software licensing which provide data insights. For such services, the revenue recognition occurs as the services are rendered since the performance obligation is satisfied over time. To enable loading and sale of electronic contactless and paper cards. For such transaction fees, the revenue recognition occurs on the transaction date. To provide technical and customer services for products. For such services, the performance obligation is satisfied over time and therefore revenue recognition occurs as the services are rendered.

Revenues (Details 1)

Revenues (Details 1) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Trade receivables, net of allowance for doubtful accounts	$ 2,707	$ 4,530
Customer advances	$ 60	$ 141

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Discontinued Operations [Abstract]
Revenues		$ 363
Expenses	(193)	(296)
Net (loss) income from discontinued operations	$ (193)	$ 67	[1]
[1]	Reclassified to conform with the current period presentation, see Note 1C(2).

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value of Financial Instruments (Textual)
Short-term bank deposits	$ 905	$ 1,078
Short-term bank deposit pledged as security	$ 105	$ 278

Equity (Details)

Equity (Details)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Equity [Abstract]
Expected dividend yield	0.00%	0.00%
Expected volatility	79.00%	80.00%
Risk-free interest rate	2.47%	1.92%
Expected life - in years	2 years 5 months 9 days	2 years 3 months 29 days

Equity (Details 1)

Equity (Details 1) - Stock option plans [Member] - $ / shares	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Number of options outstanding
Outstanding - Beginning Balance	1,461,000
Options granted	100,000
Options expired or forfeited	(5,334)
Outstanding - Ending Balance	1,555,666
Exercisable	985,642	855,642
Weighted average exercise price per share
Outstanding - Beginning Balance	$ 1.24
Options granted	0.70
Options expired or forfeited	1.21
Outstanding - Ending Balance	1.20
Exercisable	$ 1.29	$ 1.32

Equity (Details 2)

Equity (Details 2)	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Options outstanding
Number Outstanding | shares	1,555,666
Weighted average remaining contractual life (years)	2 years 7 months 6 days
Options exercisable
Number outstanding | shares	985,642
Weighted average remaining contractual life (years)	1 year 10 months 10 days
0.44-0.90 [Member]
Range of exercise price
Exercise price, lower limit	$ 0.44
Exercise price, upper limit	$ 0.90
Options outstanding
Number Outstanding | shares	644,000
Weighted average remaining contractual life (years)	2 years 9 months 7 days
Weighted Average Exercise Price	$ 0.75
Options exercisable
Number outstanding | shares	420,000
Weighted average remaining contractual life (years)	1 year 8 months 23 days
Weighted Average Exercise Price	$ 0.74
1.07-1.68 [Member]
Range of exercise price
Exercise price, lower limit	1.07
Exercise price, upper limit	$ 1.68
Options outstanding
Number Outstanding | shares	701,666
Weighted average remaining contractual life (years)	3 years 2 months 1 day
Weighted Average Exercise Price	$ 1.23
Options exercisable
Number outstanding | shares	355,642
Weighted average remaining contractual life (years)	2 years 11 months 26 days
Weighted Average Exercise Price	$ 1.23
2.32-2.36 [Member]
Range of exercise price
Exercise price, lower limit	2.32
Exercise price, upper limit	$ 2.36
Options outstanding
Number Outstanding | shares	170,000
Weighted average remaining contractual life (years)	1 month 16 days
Weighted Average Exercise Price	$ 2.35
Options exercisable
Number outstanding | shares	170,000
Weighted average remaining contractual life (years)	1 month 16 days
Weighted Average Exercise Price	$ 2.35
3.03 [Member]
Range of exercise price
Exercise price	$ 3.03
Options outstanding
Number Outstanding | shares	40,000
Weighted average remaining contractual life (years)	5 months 23 days
Weighted Average Exercise Price	$ 3.03
Options exercisable
Number outstanding | shares	40,000
Weighted average remaining contractual life (years)	5 months 23 days
Weighted Average Exercise Price	$ 3.03

Equity (Details Textual)

Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018		Dec. 31, 2018
Equity (Textual)
Warrants expires terms	The warrants expire during 2019.
Outstanding warrants	40,000
Share exercise price	$ 0.95
Stock-based compensation expenses	$ 46	$ 53	[1]
Stock options and warrants outstanding	1,595,666	1,558,333
Stock option plans [Member]
Equity (Textual)
Options granted	100,000	100,000
Weighted average fair value of options granted	$ 0.25	$ 0.65
Aggregate intrinsic value of outstanding options	$ 8			$ 6
Aggregate intrinsic value of exercisable options	8			$ 4
Unrecognized compensation cost	$ 236
Unrecognized compensation cost, weighted-average period	1 year 2 months 5 days
Vesting period for the options terms	3 years
Exercise prices	$ 0.7			$ 1.33
Options expires terms	5 years
[1]	Reclassified to conform with the current period presentation, see Note 1C(2).

Operating Segments (Details)

Operating Segments (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Revenues		$ 3,013	$ 5,512	[1]
Reportable segment gross profit	[2]	1,844	3,095
Reconciliation of reportable segment gross profit to gross profit for the period
Depreciation		(200)	(214)
Stock-based compensation		(1)	(1)
Gross profit for the period in the consolidated financial statement		1,643	2,880	[1]
Retail and Mass Transit Ticketing [Member]
Segment Reporting Information [Line Items]
Revenues		2,193	4,570
Reportable segment gross profit	[2]	1,498	2,543
Petroleum [Member]
Segment Reporting Information [Line Items]
Revenues		820	942
Reportable segment gross profit	[2]	$ 346	$ 552
[1]	Reclassified to conform with the current period presentation, see Note 1C(2).
[2]	Gross profit as reviewed by the CODM, represents gross profit, adjusted to exclude depreciation and stock-based compensation.

Operating Segments (Details Tex

Operating Segments (Details Textual)	3 Months Ended
	Mar. 31, 2019Segments
Operating Segments (Textual)
Number of reportable segments	2