SharpLink Gaming (SBET) 20-F 17 May 21 2020 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2020shares
Document and Entity Information [Abstract]
Entity Registrant Name	MER TELEMANAGEMENT SOLUTIONS LTD
Entity Central Index Key	0001025561
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2020
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding	4,424,991
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	IL
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 1,504	$ 1,732
Restricted cash	1,003	1,464
Trade receivables (net of allowance for credit losses of $69 and $75, at December 31, 2019 and 2020, respectively)	407	499
Other accounts receivable and prepaid expenses (Note 3)	399	236
Assets of discontinued operations (Note 1b)	178	172
Total current assets	3,491	4,103
NON-CURRENT ASSETS:
Severance pay fund	252	653
Property and equipment, net (Note 4)	35	62
Deferred taxes (Note 7)	171
Goodwill	1,502	3,225
Total non-current assets	1,960	3,940
Total assets	5,451	8,043
CURRENT LIABILITIES:
Trade payables	114	149
Deferred revenues	745	962
Accrued expenses and other liabilities (Note 5)	1,769	2,317
Liabilities of discontinued operations (Note 1b)	496	516
Total current liabilities	3,124	3,944
LONG-TERM LIABILITIES:
Accrued severance pay	306	831
Deferred tax liability (Note 7)		163
Total long-term liabilities	306	994
COMMITMENTS AND CONTINGENT LIABILITIES (Note 6)
SHAREHOLDERS' EQUITY (Note 9):
Share capital - Ordinary shares of NIS 0.03 par value: Authorized: 17,000,000 shares at December 31, 2020 and 2019; Issued: 4,426,791 and 3,614,208 shares at December 31, 2020 and 2019, respectively; Outstanding: 4,424,991 and 3,612,408 shares at December 31, 2020 and 2019, respectively	37	30
Preferred Shares of NIS 0.03 par value: Authorized: 3,000,000 shares at December 31, 2020 and 2019; Issued and Outstanding: 1,831,579 and 2,008,772 shares at December 31, 2020 and 2019, respectively	15	16
Additional paid-in capital	31,360	30,635
Treasury shares at cost (1,800 Ordinary shares at December 31, 2020 and 2019)	(29)	(29)
Accumulated deficit	(29,362)	(27,547)
Total shareholders' equity	2,021	3,105
Total liabilities and shareholders' equity	$ 5,451	$ 8,043

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Dec. 31, 2020USD ($)shares	Dec. 31, 2020₪ / shares	Dec. 31, 2019USD ($)shares	Dec. 31, 2019₪ / shares
CURRENT ASSETS
Trade receivables, allowance for credit losses | $	$ 75		$ 69
SHAREHOLDERS' EQUITY (Note 9):
Ordinary shares, par value per share | ₪ / shares		₪ 0.03		₪ 0.03
Ordinary shares, shares authorized	17,000,000		17,000,000
Ordinary shares, shares issued	4,426,791		3,614,208
Ordinary shares, shares outstanding	4,424,991		3,612,408
Preferred Stock, par value per share | ₪ / shares		₪ 0.03		₪ 0.03
Preferred Stock, shares authorized	3,000,000		3,000,000
Preferred Stock, shares issued	1,831,579		2,008,772
Preferred Stock, shares outstanding	1,831,579		2,008,772
Treasury shares, shares	1,800		1,800

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues
Total revenues	$ 4,018	$ 5,193	$ 5,861
Cost of revenues
Total cost of revenues	1,795	1,857	2,149
Gross profit	2,223	3,336	3,712
Operating expenses
Research and development		545	825
Selling and marketing	752	817	1,471
General and administrative	1,867	1,890	2,239
Goodwill impairment	1,723	254
Total operating expenses	4,342	3,506	4,535
Operating loss	(2,119)	(170)	(823)
Financial income (expense), net	16	(18)	(17)
Loss before taxes on income	(2,103)	(188)	(840)
Taxes on income (tax benefit), net (Note 7)	(325)	4	46
Net loss from continuing operations	(1,778)	(192)	(886)
Income (loss) from discontinued operations	(37)	57	(284)
Net loss	$ (1,815)	$ (135)	$ (1,170)
Net loss per share:
Basic and diluted net loss per share from continuing operations	$ (0.29)	$ (0.04)	$ (0.26)
Basic and diluted net earnings per share from discontinued operations	(0.01)	0.01	(0.08)
Basic and diluted net loss per share	$ (0.30)	$ (0.03)	$ (0.34)
Weighted average number of shares used in computing basic and diluted net loss per share	5,954,795	5,013,374	3,435,161
Telecom services [Member]
Revenues
Total revenues	$ 3,383	$ 4,273	$ 4,843
Cost of revenues
Total cost of revenues	1,511	1,486	1,719
Telecom product sales [Member]
Revenues
Total revenues	635	920	1,018
Cost of revenues
Total cost of revenues	$ 284	$ 371	$ 430

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Share capital [Member]		Preferred Stock [Member]	Additional paid-in capital [Member]	Treasury shares [Member]	Accumulated other comprehensive income (loss) [Member]	Accumulated deficit [Member]	Total
Balance at Dec. 31, 2017	$ 25			$ 28,188	$ (29)		$ (26,472)	$ 1,712
Balance, shares at Dec. 31, 2017	3,118,884	[1]
Stock-based compensation				90				90
Issuance of ordinary shares	$ 2			186				188
Issuance of ordinary shares, shares	175,439	[1]
Issuance of preferred shares			$ 10	1,343				1,353
Issuance of preferred shares, shares			1,315,789
Effect of adoption of new accounting standard							230	230
Other comprehensive income (loss):
Net loss							(1,170)	(1,170)
Balance at Dec. 31, 2018	$ 27		$ 10	29,807	(29)		(27,412)	$ 2,403
Balance, shares at Dec. 31, 2018	3,294,323	[1]	1,315,789					3,294,323
Stock-based compensation				47				$ 47
Issuance of ordinary shares	$ 3			(3)
Issuance of ordinary shares, shares	318,085	[1]
Issuance of preferred shares			$ 6	784				790
Issuance of preferred shares, shares		[1]	692,983
Other comprehensive income (loss):
Net loss							(135)	(135)
Balance at Dec. 31, 2019	$ 30		$ 16	30,635	(29)		(27,547)	$ 3,105
Balance, shares at Dec. 31, 2019	3,612,408	[1]	2,008,772					3,612,408
Stock-based compensation				21				$ 21
Conversion of preferred shares into ordinary shares	$ 6		$ (6)
Conversion of preferred shares into ordinary shares, shares	800,000		(800,000)
Issuance of ordinary shares	$ 1			(1)				0
Issuance of ordinary shares, shares	12,583
Issuance of preferred shares			$ 5	705				710
Issuance of preferred shares, shares			622,807
Other comprehensive income (loss):
Net loss							(1,815)	(1,815)
Balance at Dec. 31, 2020	$ 37		$ 15	$ 31,360	$ (29)		$ (29,362)	$ 2,021
Balance, shares at Dec. 31, 2020	4,424,991		1,831,579					4,424,991
[1]	Historical stock information was adjusted to retroactively reflect the one for three Ordinary share reverse split implemented in September 2017.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Net loss	$ (1,815)	$ (135)	$ (1,170)
Income (loss) from discontinued operations	(37)	57	(284)
Net loss from continuing operations	(1,778)	(192)	(886)
Adjustments required to reconcile net loss from continuing operations to net cash used in operating activities:
Depreciation and amortization	32	79	82
Impairment of goodwill	1,723	254
Increase (decrease) in deferred tax, net	(334)	(18)	35
Stock-based compensation	21	47	90
Decrease in accrued severance pay, net	(124)	(3)	(36)
Decrease (increase) in trade receivables, net	92	105	(40)
Increase in other accounts receivable and prepaid expenses	(163)	(135)	(27)
Decrease in trade payables	(35)	(15)	(144)
Increase (decrease) in accrued expenses and other liabilities	(548)	(77)	111
Decrease in deferred revenues	(217)	(91)	(461)
Net cash used in operating activities from continuing operations	(1,331)	(46)	(1,276)
Net cash provided by (used in) operating activities from discontinued operations	(63)	(18)	57
Net cash used in operating activity	(1,394)	(64)	(1,219)
Cash flows from investing activities
Purchase of property and equipment	(5)	(60)	(14)
Net cash used in investing activities from continuing operations	(5)	(60)	(14)
Net cash used in investing activities from discontinued operations			(1)
Net cash provided by (used in) investing activities	(5)	(60)	(15)
Cash flows from financing activities
Proceeds from issuance of shares	710	790	1,541
Net cash provided by financing activities from continuing operations	710	790	1,541
Increase (decrease) in cash, cash equivalents and restricted cash	(689)	666	307
Cash, cash equivalents and restricted cash at the beginning of the year	3,196	2,530	2,223
Cash, cash equivalents and restricted cash at the end of the year	2,507	3,196	2,530
Supplemental disclosure of cash flows activities
Cash paid during the year for income taxes	$ 4	$ 1	$ 1

GENERAL

GENERAL	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1: GENERAL a. Mer Telemanagement Solutions Ltd. (the "Company" or "MTS") was incorporated on December 27, 1995. MTS and its subsidiaries (the "Group") is a worldwide provider of telecom expense management (“TEM”), billing solutions and contact center software. The Company's wholly-owned subsidiaries in the United States and Hong Kong, MTS IntegraTRAK Inc. and MTS Asia Ltd., act as marketing and customer service organizations in those countries. The Company's shares are listed for trade on the NASDAQ Capital Market under the symbol "MTSL". In April 2015, the Company acquired 100% of the outstanding shares of Vexigo, a privately-held Israeli-based software company supporting video advertising over the internet and mobile devices. During 2018, Vexigo sold its operation to an unaffiliated third party. The consideration for the sale was $250 receivable in three (3) installments, which were fully paid during 2018 and 2019. On September 6, 2018, the Company entered into a Securities Purchase Agreement (the "Alpha Capital SPA") with Alpha Capital Anstalt, an institutional investor, for the investment of $1,353 in a newly-created class of convertible preferred shares, and $188 in ordinary shares of the Company. The closing date of the Alpha Capital SPA was on October 31, 2018. The Alpha Capital SPA includes a greenshoe option for a future investment by Alpha Capital of up to $1.5 million in the newly created preferred shares at the same price per preferred share paid in the initial investment during a period of 18 months following the closing date of the Alpha Capital SPA. In December 2019 and April 2020, the Company and its Board members approved an extension of Alpha’s remaining portion of the greenshoe option by six months until April 30, 2020 and by an additional three-month period until July 31, 2020, respectively. During 2020 and 2019 Alpha Capital fully exercised its greenshoe option and purchased an aggregated number of 1,315,789 convertible preferred shares in consideration of $1,500,000 b. Discontinued operations: 1. In March 2009, the Company discontinued the operations of TABS Brazil Ltda. its wholly owned subsidiary in Brazil. 2. In June 2018, the Company discontinued the operations of Vexigo ltd. a wholly owned subsidiary in Israel, which was then sold to a third party. The results of the discontinued operations including prior periods' comparable results, assets and liabilities which have been retroactively included in discontinued operations as separate line items in the statements of income and balance sheets are presented below. The summarized results of operations for Vexigo and TABS Brazil Ltd for the years ended December 31, 2018, 2019 and 2020, are as follows: Year ended December 31, 2020 2019 *)2018 Revenue $ - $ 301 $ 794 Cost of revenues - 255 1,034 Gross profit (loss) - 46 (240 ) Operating expenses (income) (58 ) (9 ) 310 Operating loss (income) (58 ) (55 ) 550 Financial income, net 21 2 16 Gain on disposal of the discontinued operations - - 250 Total net loss (income) from discontinued operations $ (37 ) $ (57 ) $ 284 *) Represent the results of the discontinued operations until their disposal. The major classes of assets and liabilities that were classified as discontinued operations were: December 31, 2020 2019 Cash and cash equivalents $ 176 $ 170 Property and equipment, net 2 2 Total assets of discontinued operations 178 172 Trade payables 334 337 Accrued expenses and other liabilities 162 179 Total liabilities of discontinued operations $ 496 $ 516 c. The Company has historically suffered recurring losses from its operating activities. The Company incurred losses for the years ended December 31, 2019 and 2020, amounting to $ 135 and $ 1,815 and has accumulated deficit of $ 29,362 as of December 31, 2020. In addition, the Company incurred negative cash flows from continuing operations of $1,331 for the year ended December 31, 2020. Those factors raise substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. The Company intends to finance operating costs over the next twelve months with existing cash on hand after reducing operating spend if needed. During 2018 - 2020, the Company implemented a substantive cost reduction mainly by employee’s layoff and reduced its lease expenses during the first quarter of 2019 and the second half of 2020. The Company searched for additional sources of financing and on April 15, 2021, the Company entered into a definitive agreement and Plan of Merger (the “Merger Agreement”) with SharpLink, Inc., a company incorporated under the laws of the State of Minnesota and a leading online technology company that works with sports leagues, fantasy sports sites and media companies to connect fans to relevant and timely betting content sourced from its sportsbook partners (“SharpLink”), and New SL Acquisition Corp., a company incorporated under the laws of the State of Delaware and a wholly-owned subsidiary of the Company (“Merger Sub”). The Merger Agreement is subject to the approval of the Company’s shareholders at a meeting of shareholders that is expected to be held in the second quarter of 2021, along with the satisfaction or waiver of other customary conditions. For additional information, see Note 10. The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and liabilities and commitments in the normal course of business. The consolidated financial statements for the year ended December 31, 2020, do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from uncertainty to the Company's ability to continue as a going concern.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2: SIGNIFICANT ACCOUNTING POLICIES The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). a. Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they were 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 financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, the Company's management evaluates estimates, including those related to goodwill, tax assets and liabilities, fair values of stock-based awards, allowance for credit losses. Such estimates are based on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. b. Financial statements in United States dollars A majority of the revenues of the Group are denominated in U.S. dollars ("dollar" or "dollars"). The dollar is the primary currency of the economic environment in which the Group operates. Thus, the functional and reporting currency of the Group is the dollar. Accordingly, monetary accounts maintained in currencies other than the dollar are re-measured into dollars in accordance with Accounting Standards Codification ("ASC") No. 830, "Foreign Currency Matters". Changes in currency exchange rates between the Company's functional currency and the currency in which a transaction is denominated are included in the Company's results of operations as finance income (expenses), net in the period in which the currency exchange rates change. c. Principles of consolidation The consolidated financial statements include the accounts of the Group. Intercompany transactions and balances, including profits from intercompany sales not yet realized outside the Group, have been eliminated upon consolidation. d. Cash equivalents Cash equivalents are short-term unrestricted highly liquid investments that are readily convertible to cash with original maturities of three months or less, at acquisition. e. Restricted cash Restricted cash is a deposit account which is held by the Company on behalf of Company's customers. f. Property and equipment, net Property and equipment are measured at cost, including directly attributable costs, less accumulated depreciation and accumulated impairment losses. Depreciation is calculated on a straight-line basis over the useful life of the assets at annual rates as follows: % Computers and peripheral equipment 33 Office furniture and equipment 3 - 20 (mainly 7) Leasehold improvements Over the shorter of the lease term or useful economic life g. Impairment of long-lived assets The Company's long-lived assets (assets group) to be held or used, including property and equipment, and certain identifiable intangibles are reviewed for impairment in accordance with ASC 360, "Property, Plant and Equipment" ("ASC 360"), whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. h. Goodwill Goodwill and other certain purchased intangible assets have been recorded in the Company’s financial statements as a result of acquisitions. Goodwill represents the excess of the purchase price in a business combination over the fair value of the net tangible and intangible assets acquired. Under ASC 350, "Intangible - Goodwill and Other," ("ASC 350") goodwill is not amortized, but rather is subject to an annual impairment test. ASC 350 requires goodwill to be tested for impairment at the reporting unit level at least annually or between annual tests in certain circumstances and written down when impaired. Goodwill is tested for impairment by comparing the fair value of the reporting unit with its carrying value. ASC 350 allows an entity to first assess qualitative factors to determine whether it is necessary to perform the quantitative goodwill impairment test. If the qualitative assessment does not result in a more likely than not indication of impairment, no further impairment testing is required. If the Company elects not to use this option, or if the Company determines that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the Company prepares a quantitative analysis to determine whether the carrying value of a reporting unit exceeds its estimated fair value. If the carrying value of a reporting unit would exceed its estimated fair value, the Company would have recognizes an impairment of goodwill for the amount of this excess, in accordance with the guidance in FASB Accounting Standards Update (“ASU”) No. 2017-04, Intangibles - Goodwill and Other (Topic 350), Simplifying the test for Goodwill Impairment, which was adopted as of January 1, 2020. The Company’s goodwill balance is only assigned to its Enterprise reporting unit. The Company performs an annual impairment test of its reporting unit as of the 1 st In addition, as part of the Company's annual impairment test procedures, it has reassessed the results of the impairment test performed during the second quarter of 2020 and concluded that an additional impairment is required as of December 31, 2020 at the amount of $1,106. The material assumptions used for the income approach were five (5) years of projected cash flows and discount rate of 25%. i. Severance pay: With regards to employees in Israel that are not subject to Section 14, the Company's liability for severance pay is calculated pursuant to the Severance Pay Law, based on the most recent salary of the relevant employees multiplied by the number of years of employment as of the balance sheet date. These employees are entitled to one-month salary for each year of employment or a portion thereof. The Company's liability for these employees is fully provided for via monthly deposits with severance pay funds, insurance policies and an accrual. The value of these deposits is recorded as an asset with other assets on the Company's balance sheet. The deposited funds include profits accumulated up to the balance sheet date. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to the Severance Pay Law or labor agreements. Severance expense (income) for the years ended December 31, 2020 and 2019 amounted to approximately $(525) and $109 respectively. j. Revenue recognition: The Company generates revenues mainly from licensing the rights to use its software products and from providing maintenance, hosting and managed services, support and training. Certain software licenses require significant customization. The Company sells its products directly to end-users and indirectly through resellers and OEMs (who are considered end users). The Company recognizes revenue under the five-step methodology required under ASC 606, “Revenue from Contracts with Customers”, which requires the Company to identify The Company’s primary revenue categories, related performance obligations, and associated recognition patterns are as follows: Revenue Recognition for software license fee - software license fee revenue is recognized when the customer has access to the license and the right to use and benefit from the license. In cases when the conditions require delivery, then delivery must have occurred for purposes of revenue recognition. Revenue Recognition for managed services arrangement - Managed services arrangements include management application and ongoing support. The revenue from managed services arrangement is recognized over the time of the service. Revenue Recognition for maintenance - Maintenance revenue is recognized ratably over the term of the maintenance agreement. Arrangements with multiple performance obligations - Many of the Company’s agreements include software license bundled with maintenance and supports. The Company allocates the transaction price for each contract to each performance obligation identified in the contract based on the relative standalone selling price (SSP). The Company determines SSP for the purposes of allocating the transaction price to each performance obligation by considering several external and internal factors including, but not limited to, transactions where the specific element sold separately, historical actual pricing practices k. Research and development expenses: Research and development costs are charged to the consolidated statements of operation, as incurred. Expenditure on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding, is recognized in the statement of operation when incurred. l. Income taxes: The Company accounts for income taxes and uncertain tax positions in accordance with ASC Topic No. 740, "Income Taxes" ("ASC 740"). ASC 740 prescribes the use of the liability method, according to which deferred tax assets and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Valuation allowances are provided to reduce deferred tax assets to the amounts that are more likely-than-not to be realized. ASC No. 740 contains a two-step approach to recognizing and measuring a liability for uncertain tax positions. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. m. Accounting for share-based compensation: The Company accounts for stock-based compensation in accordance with ASC 718, "Compensation-Stock Compensation" ("ASC 718"). ASC 718 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service period in the Company's consolidated statement of income (loss). The Company recognizes compensation expenses for the value of its awards, based on the straight-line method over the requisite service period of each of the awards. The Company selected the Black-Scholes-Merton option pricing model as the most appropriate fair-value method for its stock-option compensation awards and values restricted stock units based on the market value of the underlying shares at the date of grant. No options were granted in 2020 and 2019. n. Concentrations of credit risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, restricted cash, trade receivables and other account receivable. Cash, cash equivalents and restricted cash are deposited with major banks in Israel, Hong Kong and the United States. Such deposits in the United States may be in excess of insured limits and are not insured in other jurisdictions. Management believes that the financial institutions that hold the Company's investments are institutions with high credit standing, and accordingly, minimal credit risk exists with respect to these investments. The Company's customers are located mainly in the United States. The Company performs ongoing credit evaluations of its customers. In certain circumstances, the Company may require letters of credit, other collateral or additional guarantees. The Company establishes an allowance for credit losses based on historical experience, credit quality, the age of the accounts receivable balances and current economic conditions that may affect a customer's ability to pay. Allowance for credit losses as of December 31, 2019 and 2020, amounted to $69 and $75, respectively. During the year ended December 31, 2020, no amount of the allowance for credit losses balance was collected. The allowance for credit losses is determined with respect to specific debts that are doubtful of collection according to management estimates. The Company has no off-balance-sheet concentrations of credit risk. o. Basic and diluted net earnings (loss) per share: Basic net earnings (loss) per share are computed based on the weighted average number of Ordinary and Preferred shares outstanding during each year. Diluted net earnings (loss) per share is computed based on the weighted average number of Ordinary and Preferred shares outstanding during each year, plus dilutive potential Ordinary shares considered outstanding during the year, in accordance with ASC No.260, "Earnings Per Share". Preferred shares have been included together with the Ordinary shares as a component of both basic and dilutive earnings (loss) per share as these securities participate equally with the Ordinary shares in the profits, losses and liquidation values. No options have been included in the calculation of the diluted net earnings per share due to the Company’s losses during all the years presented. p. Derivatives instruments: ASC No. 815, "Derivatives and Hedging"("ASC 815"), as amended, requires the Company to recognize all derivatives on the balance sheet at fair value . The Company entered into put and call option contracts to hedge certain transactions denominated in foreign currencies. The purpose of the Company's foreign currency hedging activities is to protect the Company from risk that the eventual dollar cash flows from international activities will be adversely affected by changes in the exchange rates. The Company's put option contracts did not qualify as hedging instruments under ASC 815. Changes in the fair value of put option contracts are reflected in the consolidated statements of operations as financial income or expense, when they occur. During 2020, 2019 and 2018, the Company entered into forward, call and put option contracts in the aggregate notional amounts of $1,193 $2,193 and $2,100, respectively, which converted a portion of its floating currency liabilities to a fixed rate basis, thus reducing the impact of exchange rate fluctuations on the Company's cash flow. In 2020, 2019 and 2018, the revaluation income (expenses) from these contracts with respect to the above transactions were $(4), $4 and $(9), respectively, and are presented in the statements of operations as financial income (expense), net. As of December 31, 2020, the Company had no outstanding call and put option contracts. q. Comprehensive income (loss): The Company accounts for comprehensive income (loss) in accordance with ASC No. 220, "Comprehensive Income". This statement establishes standards for the reporting and display of comprehensive income and its components in a full set of general purpose financial statements. Comprehensive income (loss) generally represents all changes in shareholders' equity during the period except those resulting from investments by, or distributions to, shareholders. The Company determined that its items of other comprehensive income (loss) relate to unrealized gains and losses on available for sale marketable securities and changes in foreign currency translation adjustments. r. Treasury shares: Company shares held as treasury shares are recognized at cost, and as a deduction from equity. Any gain or loss arising from a purchase, sale, issuance or cancellation of treasury shares is recognized directly in equity. s. Impact of recently adopted accounting standards: In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (ASU) No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The FASB subsequently issued amendments to ASU 2016-13, which have the same effective date and transition date of January 1, 2020. This standard requires entities to estimate an expected lifetime credit loss on financial assets ranging from short-term trade accounts receivable to long-term financings and report credit losses using an expected losses model rather than the incurred losses model that was previously used, and establishes additional disclosures related to credit risks. The Company adopted Topic 326 using the effective date of January 1, 2020, based on the composition of the Company’s trade receivables, investment portfolio and other financial assets, current economic conditions and historical credit loss activity. The adoption of this standard did not have a material effect on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The amended guidance simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the amended guidance, an entity should perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying value, and an impairment charge is recognized for the amount by which the carrying value exceeds the reporting unit’s fair value, not to exceed the total amount of goodwill allocated to that reporting unit. Additionally, the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets should be disclosed. The Company adopted this standard prospectively effective January 1, 2020. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. t. Impact of recently issued accounting standards: In December 2019, the FASB issued ASU No. 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” (“ASU 2020-12”), which simplifies the accounting for income taxes. ASU 2019-12 is effective for annual reporting periods, and interim periods within those years, beginning after December 15, 2020. The Company is currently evaluating the impact of the new guidance on the Company’s consolidated financial statements.

OTHER ACCOUNTS RECEIVABLE AND P

OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES	NOTE 3: OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES December 31, 2020 2019 Government authorities $ 15 $ 27 Prepaid expenses 376 175 Others 8 34 $ 399 $ 236

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 4: PROPERTY AND EQUIPMENT December 31, 2020 2019 Cost: Computers and peripheral equipment $ 632 $ 627 Office furniture and equipment 66 66 698 693 Accumulated depreciation: Computers and peripheral equipment 599 567 Office furniture and equipment 64 64 Accumulated depreciation 663 631 Depreciated cost $ 35 $ 62 The depreciation expense for the years ended December 31, 2020, 2019 and 2018 amounted to $32, $58 and $61, respectively. In 2020 and 2019, the Company derecognized fully depreciated property, plant and equipment in an amount of $2 and $13, respectively that are no longer used by the Company.

ACCRUED EXPENSES AND OTHER LIAB

ACCRUED EXPENSES AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
ACCRUED EXPENSES AND OTHER LIABILITIES	NOTE 5: ACCRUED EXPENSES AND OTHER LIABILITIES December 31, 2020 2019 Employees and payroll accruals $ 257 $ 307 Institutions and income tax payable 140 143 Accrued expenses 1,368 1,857 Related parties 4 10 $ 1,769 $ 2,317

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 6: COMMITMENTS AND CONTINGENT LIABILITIES a. Lease commitments: The Group leases office space through operating leases. The facilities of the Company in Israel were leased until February 2019. There are no lease commitments under non-cancelable operating leases as of December 31, 2020. Commencing February 2019, the Company entered on a monthly basis into non-obligating lease contract in Israel with a monthly rental charge that ranged from $ 10 to $ 15. Due to the COVID 19 pandemic the Company terminated the Israeli lease contract and since the second half of 2020, the Company’s employees work remotely. b. Royalty commitments: The Company is committed to pay royalties to Israel Innovation Authority ("IIA"), formerly known as the Office of the Chief Scientist, of the Ministry of Industry, Trade and Labor of the Government of Israel on proceeds from sales of products resulting from the research and development projects in which the IIA participated. In the event that development of a specific product in which the IIA participated is successful, the Company will be obligated to repay the grants through royalty payments at the rate of 3% to 5% based on the sales of the Company, up to 100%-150% of the grants received linked to the dollar. Grants received after January 1999 are subject to interest at a rate equal to the 12 months LIBOR rate. The obligation to pay these royalties is contingent upon actual sales of the products and, in the absence of such sales, no payment is required. As of December 31, 2020, the Company had a contingent liability to pay royalties in the amount of approximately $ 8,150 plus interest for grants received after January 1999. The Company has paid or accrued royalties in its cost of revenues relating to the repayment of such IIA grants in the amount of $ 40, $ 51 and $ 66 for the years ended December 31, 2020, 2019 and 2018, respectively. c. Claims and demands: 1. Claims related to discontinued operations: The Company is a party to various tax claims that arose in TABS Brazil a subsidiary which was discontinued in 2009. During 2019, the Company reassessed the likelihood of those tax claims and based on its legal advisors' opinion it concluded that they have become remote. In August 2007, the Company’s Brazilian subsidiary, TABS Brazil, was ordered by the Labor Law Court in Brazil to pay approximately $32 to one of its former employees. This amount which bears a 1% interest rate per month from the date that the claim was filed, accumulating to $89 as of December 31, 2020, was recorded within discontinued operations. 2. The Israeli Government, through the Fund for Encouragement of Marketing Activities, awarded C. Mer Industries Ltd. ("C. Mer"), the former parent of the Company grants for participation in foreign marketing expenses, partially related to the Company's marketing activities for the years 1996 - 1998. During 2019, a provision which was recorded in prior years with respect to this demand was reversed based on a legal opinion, the statute of limitation of this demand expired in 2019. 3. During February 2020, a legal action was filed against the Company’s US subsidiary in the New York Supreme Court in the amount of $32. The plaintiff has alleged that the Company has not paid certain alleged outstanding bills. If the plaintiff insists on continuing the litigation, the Company will seek to dismiss the lawsuit base on the lack of service process. According to the Company’s legal advisors there is a good basis for such a motion to be granted.

TAXES ON INCOME

TAXES ON INCOME	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
TAXES ON INCOME	NOTE 7: TAXES ON INCOME a. Israeli taxation: 1. Corporate tax rates: Taxable income of the Company is subject to the Israeli corporate tax at the rate of 23% for all years presented. 2. Tax Benefits for Research and Development: Israeli tax law permits, under some conditions, a tax deduction for expenditures in the year incurred, including capital expenditures, in scientific research and development projects. The deduction is permitted if, among other things, the expenditures are approved by the relevant government ministry and the research and development is for the promotion of the enterprise and is carried out by, or on behalf of, a company seeking the deduction. The IIA has approved some of the Company's research and development programs and the Company has been able to deduct, for tax purposes, a portion of its research and development expenses net of the grants received. Other research and development expenses that are not approved may be deducted for tax purposes in three equal installments during a three-year period. 3. Tax assessments: The Company has received final tax assessments through the tax year of 2016. b. Income taxes on non-Israeli subsidiaries: Non-Israeli subsidiaries are taxed according to the tax laws in their respective countries of residence. c. U.S. subsidiary On December 22, 2017, the U.S. enacted the Tax Cuts and Jobs Act (the “Act”), which among other provisions, reduced the U.S. corporate tax rate from 35% to 21%, effective January 1, 2018. At December 31, 2017, the Company re-measured its U.S. deferred tax assets and liabilities, based on the new rates at which they are expected to reverse in the future. d. Net operating loss carry-forwards: As of December 31, 2020, the Company, its subsidiaries in Hong Kong and in the U.S had an estimated total amount of available carry-forward tax losses of approximately $26,000, $607, $636, respectively, to offset against future taxable profits. The operating tax loss carry-forwards in Israel may be offset indefinitely against operating income. In addition, as of December 31, 2020, the Company had capital losses in the amount of approximately $507 that can be carried forward indefinitely. MTS IntegraTRAK, the Company’s U.S. subsidiary, is subject to U.S. income taxes. Total net operating loss carry-forwards of approximately $636 as of December 31, 2020, will expire in the years 2021 to 2028. Utilization of the U.S. net operating losses may be subject to substantial annual limitation due to the "change in ownership" provisions of the Internal Revenue Code of 1986 and similar state provisions. Such annual limitation may result in the expiration of net operating losses before utilization. e. Deferred income taxes: Deferred taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Group's deferred tax liabilities and assets are as follows: December 31, 2020 2019 Deferred tax asset (liability): Tax loss carry-forwards $ 6,254 $ 6,089 Accruals for interest 283 283 R&D expenses 42 148 Allowances for credit losses and accruals for employee benefits 45 76 Depreciation and amortization 5 16 Deferred tax asset before valuation allowance 6,629 6,612 Goodwill (351 ) (746 ) Valuation allowance (6,107 ) (6,029 ) Deferred tax asset (liability), net $ 171 $ (163 ) The Company and certain of its subsidiaries have provided valuation allowances in respect of deferred tax assets resulting from tax loss carry-forwards and other temporary differences, since they have a history of losses incurred over the past years. Management currently believes that it is more likely than not that part of the deferred tax relating to the loss carry-forwards in the Company and its subsidiaries and other temporary differences will not be realized in the foreseeable future. f. A reconciliation between the theoretical tax expense, assuming all income is taxed at the statutory tax rate applicable to income of the Company and the actual tax expense as reported in the statements of operations is as follows: Year ended December 31, 2020 2019 2018 Loss before taxes on income, net, as reported in the statements of operations from continuing operations $ (2,103 ) $ (188 ) $ (840 ) Tax rates 23 % 23 % 23 % Theoretical tax benefit $ (484 ) $ (43 ) $ (193 ) Decrease in taxes resulting from: Non - deductible expenses (116 ) 38 37 Loss and timing differences for which no deferred tax was provided 264 (2 ) 187 Tax adjustment in respect of different tax rate of subsidiaries 9 3 6 Changes in provision for uncertain tax positions 2 8 9 Taxes on income, net, as reported in the statements of operations $ (325 ) $ 4 $ 46 g. Loss before income (expense) taxes is comprised as follows: Year ended December 31, 2020 2019 2018 Domestic $ (320 ) $ (217 ) $ (803 ) Foreign (1,783 ) 29 (37 ) $ (2,103 ) $ (188 ) $ (840 ) h. Taxes on income are comprised as follows: Year ended December 31, 2020 2019 2018 Current $ 10 $ 22 $ 11 Deferred (335 ) (18 ) 35 $ (325 ) $ 4 $ 46 Domestic $ - $ - $ - Foreign (325 ) 4 46 $ (325 ) $ 4 $ 46 i. As of December 31, 2020, the Company recorded a liability for unrecognized tax benefits of $158. A reconciliation of the opening and closing amounts of unrecognized tax benefits is as follows: 2020 2019 Balance as of beginning of the year $ 156 $ 148 Cumulative translation adjustments and other 2 8 Balance at the end of the year $ 158 $ 156

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS AND BALANCES	NOTE 8: RELATED PARTY TRANSACTIONS AND BALANCES a. The Company receives certain services from C. Mer, a publicly traded company. Mr. Chaim Mer, the Company's chairman of the board and Mr. Isaac Ben Bassat, a former director of the Company, are members of the controlling group of C. Mer. These services include reimbursement for shared expenses related to a commercial insurance policy. b. From January 1, 2009 until September 2011, as part of the acquisition of certain assets and liabilities of AnchorPoint, Inc., the Company received certain services from Data Distributors Inc., a company controlled by Mr. Roger Challen, a former director of the Company and the controlling shareholder of the Info Group Inc., a beneficial owner of 11.45% of the Company's Ordinary shares as of December 31, 2019. These services include reimbursement for shared expenses, development and IT services, other administrative services. Expenses recognized with respect to the above-mentioned services were approximately $5, $0 and $10 for the years ended December 31, 2020, 2019 and 2018, respectively. In addition, the Company rents an office in Powder Springs, Georgia, from Mr. Challen, under a month-to-month lease. In the year ended December 31, 2020 the Company paid or accrued $53 and in each of the years ended December 31, 2019 and 2018, the Company paid or accrued $56, with respect to the above-mentioned rent expenses. c. Balances and transactions with related parties were as follows: 1. Balances with related parties: December 31, 2020 2019 Other accounts payable and accrued expenses (Note 5) $ 15 $ 10 2. Transactions with related parties: Year ended December 31, 2020 2019 2018 Amounts charged by related parties: Cost of revenues $ 47 $ 44 $ 37 Operating expenses 116 125 148 $ 163 $ 169 $ 185

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	NOTE 9: SHAREHOLDERS' EQUITY a. Share capital: The Ordinary shares entitle their holders the right to receive notice to participate in and vote at general meetings of the Company and the right to receive cash dividends, if declared. In August 2017, the Company converted $1,220 of debt to Vexigo’s former shareholders incurred in connection with the acquisition of Vexigo into warrants to acquire 400,000 Ordinary shares. Following such debt conversion, the Company currently does not have any outstanding debt in connection with the Vexigo acquisition. The warrants have a term of five years and are exercisable without any additional consideration commencing on the second anniversary of their issuance. During the two years period following issuance, the Company had an option to purchase all or a portion of such warrants at a price per warrant of $3. Since September 2019, most of Vexigo’s former shareholders exercised their warrants and were issued an aggregate of 330,668 Ordinary shares. In June 2018, the Company issued 175,439 Ordinary shares for an aggregate amount of $188 to Alpha Capital Anstalt, an institutional investor, pursuant to a Purchase Agreement. In October 2018, the Company issued 1,315,789 convertible preferred shares of a newly-created class (the “Preferred Shares”) for an aggregate amount of $1,353, to Alpha Capital Anstalt, an institutional investor, pursuant to a Purchase Agreement (the “Alpha Capital SPA”). The Preferred Shares confer the following rights upon their holders: (i) equal rights to receive dividends, if and when distributed, whether in cash or any other manner, and to participate in a distribution of bonus shares, if and when distributed (on an as-converted basis), (ii) equal right to participate in a distribution of the Company’s assets available for distribution, in the event of liquidation or winding-up of the Company (on an as-converted basis), (iii) a right of conversion into Ordinary shares as described below and (iv) equal rights to vote on all matters submitted to a vote of the Ordinary shares (on an as-converted basis, up to the beneficial ownership limitation described below, to the extent applicable). Each Preferred Share is convertible, at any time and from time to time at the option of the shareholder thereof, into such number of Ordinary shares determined by dividing the Per Preferred Share Purchase Price ($1.14, subject to adjustments) by the conversion price then in effect (the “Conversion Rate”). The initial Conversion Rate is 1:1. As to Alpha Capital Anstalt, from the closing date of the Alpha Capital SPA and until 36 months from the closing date, if and whenever the Company issues or sells Ordinary shares or Ordinary shares equivalents for a consideration per share that is less than the conversion price then in effect (the “Discounted Per Ordinary Share Purchase Price”), and which is not an exempted issuance, then immediately after such dilutive issuance, the conversion price shall be reduced to equal the Discounted Per Ordinary Share Purchase Price, but in no event shall the conversion price become lower than the greater of (i) $US 0.10 or (ii) 20% of the closing price on the trading day immediately prior to the date of the Alpha Capital SPA. The Company’s Articles provide that it shall not affect any conversion of the Preferred Shares to the extent that, after giving effect to the conversion, the applicable shareholder would beneficially own in excess of the Beneficial Ownership Limitation. The “Beneficial Ownership Limitation” is defined a 9.99% of the number of Ordinary Shares outstanding immediately after giving effect to the issuance of Ordinary shares issuable upon conversion of Preferred Shares held by the applicable shareholder. The applicable shareholder, upon notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions applicable to its Preferred Shares. Any such increase or decrease in the Beneficial Ownership Limitation will not be effective until the 61 st During 2020 and 2019 Alpha Capital fully exercised its greenshoe option and purchased an aggregated number of 1,315,789 convertible preferred shares in consideration of $1,500,000. In December 2019 and April 2020, the Company and its Board members approved an extension of Alpha’s remaining portion of the greenshoe option for six months until April 30, 2020 and by an additional three-months period until July 31, 2020, respectively. In addition, during June 2020, Alpha Capital converted 800,000 preferred shares into ordinary shares at a 1:1 ratio. b. Share options: In 2003, the Company adopted its 2003 Incentive Share Option Plan (the "2003 Plan") that conforms with the provisions of section 102 of the Israel Income Tax Ordinance. As amended by the Company’s shareholders in 2013 and 2016, the 2003 Plan authorizes the grant of options to purchase up to 482,319 of the Company’s Ordinary shares to officers, employees and directors of the Company or any subsidiary, pursuant to section 102 of the Israel Income Tax Ordinance and will expire on November 30, 2023. In June 2006, the Company adopted its 2006 Stock Option plan (the "2006 Plan"), intended to grant options to officers, employees and directors of MTS IntegraTRAK or any subsidiary of the Company. Each option granted under the 2006 Plan may be either an option intended to be treated as an "incentive stock option", within the meaning of section 422 of the Internal Revenue Code of 1986, as amended, or an option that will be treated as a "non-qualified stock option". As amended in 2011 and 2013, the 2006 Plan authorizes the grant of options to purchase up to 183,333 of the Company’s Ordinary shares and will expire on July 2026.The total number of Ordinary shares with respect to which options may be granted to any eligible employee during any twelve months period under the 2006 Plan is 50,000 Ordinary shares, subject to adjustment as provided in the 2006 Plan. Each option granted under the 2006 Plan is exercisable until the earlier of five years from the date of the grant of the option or the expiration dates of the option plan. The exercise price of the options granted under the 2006 Plan may not be less than the fair market value of an Ordinary share determined as of the date of grant of the option. On October 1, 2017 the Company authorized an options grant to its CEO, to acquire 116,667 ordinary shares under 2003 Israeli Share Option Plan. These options vest over a period of four years (25% vesting on October 1, 2018 and an additional 12.5% vesting every six months for the following three years), subject to the fulfillment of a condition to vesting. The condition to vesting will be fulfilled in the event the closing price of the Company’s Ordinary shares is equal to or higher than a price per share of $4.5 three month As of December 31, 2020, 468,284 Ordinary shares are available for future option grants under the Company’s plans. c. A summary of option activity under the Company's stock option plans to its employees as of December 31, 2020, and changes during the year ended December 31, 2020, are as follows: Number of options Weighted-average exercise price Weighted- average remaining contractual term (in years) Aggregate intrinsic value Outstanding at January 1, 2020 116,667 $ 2.16 7.76 $ - Granted - $ - - $ - Exercised - $ - - $ - Expired and forfeited - $ - - $ - Outstanding at December 31, 2020 116,667 $ 2.16 7.76 $ - Exercisable at December 31, 2020 87,500 $ 2.16 7.76 $ - There were no new grants or exercises during 2018, 2019 and 2020. As of December 31, 2020, there was $12 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the Company's stock option plans. d. Total stock-based compensation expenses recognized during the period: The total stock-based compensation expense related to employees' equity-based awards, recognized for the years ended December 31, 2020, 2019 and 2018, was comprised as follows: Year ended December 31, 2020 2019 2018 Research and development $ - $ - $ 1 General and administrative 21 47 89 $ 21 $ 47 $ 90

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10: SUBSEQUENT EVENTS a. On April 15, 2021, the Company entered into a definitive agreement and Plan of Merger (the “Merger Agreement”) with SharpLink, Inc. (“SharpLink”), a leading online technology company that works with sports leagues, fantasy sports sites and media companies to connect fans to relevant and timely betting content sourced from its sportsbook partners, and New SL Acquisition Corp., a company incorporated under the laws of the State of Delaware and a wholly-owned subsidiary of the Company (“Merger Sub”). Upon the terms and subject to the satisfaction of the conditions described in the Merger Agreement, including approval of the transaction by the Company’s shareholders, Merger Sub will be merged with and into SharpLink (the “Merger”), with SharpLink surviving the Merger as a wholly-owned subsidiary of the Company. As a result of the transaction, the securityholders of SharpLink will own 86% of the Company’s securities, on a fully diluted and as-converted basis (inclusive of a stock option pool of 10% of the fully-diluted outstanding share capital of the Company). b. The compensation committee in a meeting held on April 6, 2021 and the board of directors in a meeting held on April 8, 2021, approved, subject to the approval of the Company’s shareholders, the following equity compensation: (1) to the Company’s CEO: (a) a warrant to acquire 116,667 ordinary shares, at an exercise price of $1.321, valid for a period of three years, which will become exercisable in full upon the earliest of: (i) six months from the date of issuance or (ii) the consummation of an M&A or reverse merger transaction; and (b) a warrant to acquire 50,000 ordinary shares, with no exercise price (i.e., an exercise price equal to $0), valid for a period of three years, which will become exercisable upon the earliest of: (i) the consummation of an M&A or reverse merger transaction, provided that he still serves as the Company’s CEO until immediately prior to the consummation or (ii) the consummation of the Transaction with SharpLink, and (2) to the Company’s CFO, options under the Company’s 2003 Israeli Share Option Plan to acquire 50,000 ordinary shares, with no exercise price (i.e., an exercise price equal to $0), valid for a period of five years, which will become exercisable over a period of five years, with 33.33% vesting on the third, fourth and fifth anniversary of the grant date, provided that the vesting will accelerate, and the options will become fully exercisable upon the consummation of any M&A or reverse merger transaction. In addition, upon her termination of employment, the option if vested, will remain valid until the earliest to occur of: (i) six months following the date of her termination of employment and (ii) five years from the grant date.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Use of estimates	a. Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they were 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 financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, the Company's management evaluates estimates, including those related to goodwill, tax assets and liabilities, fair values of stock-based awards, allowance for credit losses. Such estimates are based on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
Financial statements in United States dollars	b. Financial statements in United States dollars A majority of the revenues of the Group are denominated in U.S. dollars ("dollar" or "dollars"). The dollar is the primary currency of the economic environment in which the Group operates. Thus, the functional and reporting currency of the Group is the dollar. Accordingly, monetary accounts maintained in currencies other than the dollar are re-measured into dollars in accordance with Accounting Standards Codification ("ASC") No. 830, "Foreign Currency Matters". Changes in currency exchange rates between the Company's functional currency and the currency in which a transaction is denominated are included in the Company's results of operations as finance income (expenses), net in the period in which the currency exchange rates change.
Principles of consolidation	c. Principles of consolidation The consolidated financial statements include the accounts of the Group. Intercompany transactions and balances, including profits from intercompany sales not yet realized outside the Group, have been eliminated upon consolidation.
Cash equivalents	d. Cash equivalents Cash equivalents are short-term unrestricted highly liquid investments that are readily convertible to cash with original maturities of three months or less, at acquisition.
Restricted cash	e. Restricted cash Restricted cash is a deposit account which is held by the Company on behalf of Company's customers.
Property and equipment, net	f. Property and equipment, net Property and equipment are measured at cost, including directly attributable costs, less accumulated depreciation and accumulated impairment losses. Depreciation is calculated on a straight-line basis over the useful life of the assets at annual rates as follows: % Computers and peripheral equipment 33 Office furniture and equipment 3 - 20 (mainly 7) Leasehold improvements Over the shorter of the lease term or useful economic life
Impairment of long-lived assets	g. Impairment of long-lived assets The Company's long-lived assets (assets group) to be held or used, including property and equipment, and certain identifiable intangibles are reviewed for impairment in accordance with ASC 360, "Property, Plant and Equipment" ("ASC 360"), whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets.
Goodwill	h. Goodwill Goodwill and other certain purchased intangible assets have been recorded in the Company’s financial statements as a result of acquisitions. Goodwill represents the excess of the purchase price in a business combination over the fair value of the net tangible and intangible assets acquired. Under ASC 350, "Intangible - Goodwill and Other," ("ASC 350") goodwill is not amortized, but rather is subject to an annual impairment test. ASC 350 requires goodwill to be tested for impairment at the reporting unit level at least annually or between annual tests in certain circumstances and written down when impaired. Goodwill is tested for impairment by comparing the fair value of the reporting unit with its carrying value. ASC 350 allows an entity to first assess qualitative factors to determine whether it is necessary to perform the quantitative goodwill impairment test. If the qualitative assessment does not result in a more likely than not indication of impairment, no further impairment testing is required. If the Company elects not to use this option, or if the Company determines that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the Company prepares a quantitative analysis to determine whether the carrying value of a reporting unit exceeds its estimated fair value. If the carrying value of a reporting unit would exceed its estimated fair value, the Company would have recognizes an impairment of goodwill for the amount of this excess, in accordance with the guidance in FASB Accounting Standards Update (“ASU”) No. 2017-04, Intangibles - Goodwill and Other (Topic 350), Simplifying the test for Goodwill Impairment, which was adopted as of January 1, 2020. The Company’s goodwill balance is only assigned to its Enterprise reporting unit. The Company performs an annual impairment test of its reporting unit as of the 1 st In addition, as part of the Company's annual impairment test procedures, it has reassessed the results of the impairment test performed during the second quarter of 2020 and concluded that an additional impairment is required as of December 31, 2020 at the amount of $1,106. The material assumptions used for the income approach were five (5) years of projected cash flows and discount rate of 25%.
Severance pay	i. Severance pay: With regards to employees in Israel that are not subject to Section 14, the Company's liability for severance pay is calculated pursuant to the Severance Pay Law, based on the most recent salary of the relevant employees multiplied by the number of years of employment as of the balance sheet date. These employees are entitled to one-month salary for each year of employment or a portion thereof. The Company's liability for these employees is fully provided for via monthly deposits with severance pay funds, insurance policies and an accrual. The value of these deposits is recorded as an asset with other assets on the Company's balance sheet. The deposited funds include profits accumulated up to the balance sheet date. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to the Severance Pay Law or labor agreements. Severance expense (income) for the years ended December 31, 2020 and 2019 amounted to approximately $(525) and $109 respectively.
Revenue recognition	j. Revenue recognition: The Company generates revenues mainly from licensing the rights to use its software products and from providing maintenance, hosting and managed services, support and training. Certain software licenses require significant customization. The Company sells its products directly to end-users and indirectly through resellers and OEMs (who are considered end users). The Company recognizes revenue under the five-step methodology required under ASC 606, “Revenue from Contracts with Customers”, which requires the Company to identify The Company’s primary revenue categories, related performance obligations, and associated recognition patterns are as follows: Revenue Recognition for software license fee - software license fee revenue is recognized when the customer has access to the license and the right to use and benefit from the license. In cases when the conditions require delivery, then delivery must have occurred for purposes of revenue recognition. Revenue Recognition for managed services arrangement - Managed services arrangements include management application and ongoing support. The revenue from managed services arrangement is recognized over the time of the service. Revenue Recognition for maintenance - Maintenance revenue is recognized ratably over the term of the maintenance agreement. Arrangements with multiple performance obligations - Many of the Company’s agreements include software license bundled with maintenance and supports. The Company allocates the transaction price for each contract to each performance obligation identified in the contract based on the relative standalone selling price (SSP). The Company determines SSP for the purposes of allocating the transaction price to each performance obligation by considering several external and internal factors including, but not limited to, transactions where the specific element sold separately, historical actual pricing practices
Research and development expenses	k. Research and development expenses: Research and development costs are charged to the consolidated statements of operation, as incurred. Expenditure on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding, is recognized in the statement of operation when incurred.
Income taxes	l. Income taxes: The Company accounts for income taxes and uncertain tax positions in accordance with ASC Topic No. 740, "Income Taxes" ("ASC 740"). ASC 740 prescribes the use of the liability method, according to which deferred tax assets and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Valuation allowances are provided to reduce deferred tax assets to the amounts that are more likely-than-not to be realized. ASC No. 740 contains a two-step approach to recognizing and measuring a liability for uncertain tax positions. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement.
Accounting for share-based compensation	m. Accounting for share-based compensation: The Company accounts for stock-based compensation in accordance with ASC 718, "Compensation-Stock Compensation" ("ASC 718"). ASC 718 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service period in the Company's consolidated statement of income (loss). The Company recognizes compensation expenses for the value of its awards, based on the straight-line method over the requisite service period of each of the awards. The Company selected the Black-Scholes-Merton option pricing model as the most appropriate fair-value method for its stock-option compensation awards and values restricted stock units based on the market value of the underlying shares at the date of grant. No options were granted in 2020 and 2019.
Concentrations of credit risk	n. Concentrations of credit risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, restricted cash, trade receivables and other account receivable. Cash, cash equivalents and restricted cash are deposited with major banks in Israel, Hong Kong and the United States. Such deposits in the United States may be in excess of insured limits and are not insured in other jurisdictions. Management believes that the financial institutions that hold the Company's investments are institutions with high credit standing, and accordingly, minimal credit risk exists with respect to these investments. The Company's customers are located mainly in the United States. The Company performs ongoing credit evaluations of its customers. In certain circumstances, the Company may require letters of credit, other collateral or additional guarantees. The Company establishes an allowance for credit losses based on historical experience, credit quality, the age of the accounts receivable balances and current economic conditions that may affect a customer's ability to pay. Allowance for credit losses as of December 31, 2019 and 2020, amounted to $69 and $75, respectively. During the year ended December 31, 2020, no amount of the allowance for credit losses balance was collected. The allowance for credit losses is determined with respect to specific debts that are doubtful of collection according to management estimates. The Company has no off-balance-sheet concentrations of credit risk.
Basic and diluted net earnings (loss) per share	o. Basic and diluted net earnings (loss) per share: Basic net earnings (loss) per share are computed based on the weighted average number of Ordinary and Preferred shares outstanding during each year. Diluted net earnings (loss) per share is computed based on the weighted average number of Ordinary and Preferred shares outstanding during each year, plus dilutive potential Ordinary shares considered outstanding during the year, in accordance with ASC No.260, "Earnings Per Share". Preferred shares have been included together with the Ordinary shares as a component of both basic and dilutive earnings (loss) per share as these securities participate equally with the Ordinary shares in the profits, losses and liquidation values. No options have been included in the calculation of the diluted net earnings per share due to the Company’s losses during all the years presented.
Derivatives instruments	p. Derivatives instruments: ASC No. 815, "Derivatives and Hedging"("ASC 815"), as amended, requires the Company to recognize all derivatives on the balance sheet at fair value . The Company entered into put and call option contracts to hedge certain transactions denominated in foreign currencies. The purpose of the Company's foreign currency hedging activities is to protect the Company from risk that the eventual dollar cash flows from international activities will be adversely affected by changes in the exchange rates. The Company's put option contracts did not qualify as hedging instruments under ASC 815. Changes in the fair value of put option contracts are reflected in the consolidated statements of operations as financial income or expense, when they occur. During 2020, 2019 and 2018, the Company entered into forward, call and put option contracts in the aggregate notional amounts of $1,193 $2,193 and $2,100, respectively, which converted a portion of its floating currency liabilities to a fixed rate basis, thus reducing the impact of exchange rate fluctuations on the Company's cash flow. In 2020, 2019 and 2018, the revaluation income (expenses) from these contracts with respect to the above transactions were $(4), $4 and $(9), respectively, and are presented in the statements of operations as financial income (expense), net. As of December 31, 2020, the Company had no outstanding call and put option contracts.
Comprehensive income (loss)	q. Comprehensive income (loss): The Company accounts for comprehensive income (loss) in accordance with ASC No. 220, "Comprehensive Income". This statement establishes standards for the reporting and display of comprehensive income and its components in a full set of general purpose financial statements. Comprehensive income (loss) generally represents all changes in shareholders' equity during the period except those resulting from investments by, or distributions to, shareholders. The Company determined that its items of other comprehensive income (loss) relate to unrealized gains and losses on available for sale marketable securities and changes in foreign currency translation adjustments.
Treasury shares	r. Treasury shares: Company shares held as treasury shares are recognized at cost, and as a deduction from equity. Any gain or loss arising from a purchase, sale, issuance or cancellation of treasury shares is recognized directly in equity.
Impact of recently adopted accounting standards	s. Impact of recently adopted accounting standards: In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (ASU) No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The FASB subsequently issued amendments to ASU 2016-13, which have the same effective date and transition date of January 1, 2020. This standard requires entities to estimate an expected lifetime credit loss on financial assets ranging from short-term trade accounts receivable to long-term financings and report credit losses using an expected losses model rather than the incurred losses model that was previously used, and establishes additional disclosures related to credit risks. The Company adopted Topic 326 using the effective date of January 1, 2020, based on the composition of the Company’s trade receivables, investment portfolio and other financial assets, current economic conditions and historical credit loss activity. The adoption of this standard did not have a material effect on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The amended guidance simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the amended guidance, an entity should perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying value, and an impairment charge is recognized for the amount by which the carrying value exceeds the reporting unit’s fair value, not to exceed the total amount of goodwill allocated to that reporting unit. Additionally, the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets should be disclosed. The Company adopted this standard prospectively effective January 1, 2020. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.
Impact of recently issued accounting standards	t. Impact of recently issued accounting standards: In December 2019, the FASB issued ASU No. 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” (“ASU 2020-12”), which simplifies the accounting for income taxes. ASU 2019-12 is effective for annual reporting periods, and interim periods within those years, beginning after December 15, 2020. The Company is currently evaluating the impact of the new guidance on the Company’s consolidated financial statements.

GENERAL (Tables)

GENERAL (Tables)	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Financial Results of Discontinued Operations	The summarized results of operations for Vexigo and TABS Brazil Ltd for the years ended December 31, 2018, 2019 and 2020, are as follows: Year ended December 31, 2020 2019 *)2018 Revenue $ - $ 301 $ 794 Cost of revenues - 255 1,034 Gross profit (loss) - 46 (240 ) Operating expenses (income) (58 ) (9 ) 310 Operating loss (income) (58 ) (55 ) 550 Financial income, net 21 2 16 Gain on disposal of the discontinued operations - - 250 Total net loss (income) from discontinued operations $ (37 ) $ (57 ) $ 284 *) Represent the results of the discontinued operations until their disposal. The major classes of assets and liabilities that were classified as discontinued operations were: December 31, 2020 2019 Cash and cash equivalents $ 176 $ 170 Property and equipment, net 2 2 Total assets of discontinued operations 178 172 Trade payables 334 337 Accrued expenses and other liabilities 162 179 Total liabilities of discontinued operations $ 496 $ 516

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of Property and Equipment, Depreciation Rates	Depreciation is calculated on a straight-line basis over the useful life of the assets at annual rates as follows: % Computers and peripheral equipment 33 Office furniture and equipment 3 - 20 (mainly 7) Leasehold improvements Over the shorter of the lease term or useful economic life

OTHER ACCOUNTS RECEIVABLE AND_2

OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Schedule of Other Accounts Receivable and Prepaid Expenses	December 31, 2020 2019 Government authorities $ 15 $ 27 Prepaid expenses 376 175 Others 8 34 $ 399 $ 236

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	December 31, 2020 2019 Cost: Computers and peripheral equipment $ 632 $ 627 Office furniture and equipment 66 66 698 693 Accumulated depreciation: Computers and peripheral equipment 599 567 Office furniture and equipment 64 64 Accumulated depreciation 663 631 Depreciated cost $ 35 $ 62

ACCRUED EXPENSES AND OTHER LI_2

ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Schedule of Accrued Expenses and Other Liabilities	December 31, 2020 2019 Employees and payroll accruals $ 257 $ 307 Institutions and income tax payable 140 143 Accrued expenses 1,368 1,857 Related parties 4 10 $ 1,769 $ 2,317

TAXES ON INCOME (Tables)

TAXES ON INCOME (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Liabilities and Assets	Deferred taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Group's deferred tax liabilities and assets are as follows: December 31, 2020 2019 Deferred tax asset (liability): Tax loss carry-forwards $ 6,254 $ 6,089 Accruals for interest 283 283 R&D expenses 42 148 Allowances for credit losses and accruals for employee benefits 45 76 Depreciation and amortization 5 16 Deferred tax asset before valuation allowance 6,629 6,612 Goodwill (351 ) (746 ) Valuation allowance (6,107 ) (6,029 ) Deferred tax asset (liability), net $ 171 $ (163 )
Schedule of Reconciliation of the Statutory Tax Rate to the Effective Income Tax Rate	A reconciliation between the theoretical tax expense, assuming all income is taxed at the statutory tax rate applicable to income of the Company and the actual tax expense as reported in the statements of operations is as follows: Year ended December 31, 2020 2019 2018 Loss before taxes on income, net, as reported in the statements of operations from continuing operations $ (2,103 ) $ (188 ) $ (840 ) Tax rates 23 % 23 % 23 % Theoretical tax benefit $ (484 ) $ (43 ) $ (193 ) Decrease in taxes resulting from: Non - deductible expenses (116 ) 38 37 Loss and timing differences for which no deferred tax was provided 264 (2 ) 187 Tax adjustment in respect of different tax rate of subsidiaries 9 3 6 Changes in provision for uncertain tax positions 2 8 9 Taxes on income, net, as reported in the statements of operations $ (325 ) $ 4 $ 46
Schedule of Income (Loss) Before Income Tax Domestic and Foreign	Loss before income (expense) taxes is comprised as follows: Year ended December 31, 2020 2019 2018 Domestic $ (320 ) $ (217 ) $ (803 ) Foreign (1,783 ) 29 (37 ) $ (2,103 ) $ (188 ) $ (840 )
Schedule of Components of Income Taxes	Taxes on income are comprised as follows: Year ended December 31, 2020 2019 2018 Current $ 10 $ 22 $ 11 Deferred (335 ) (18 ) 35 $ (325 ) $ 4 $ 46 Domestic $ - $ - $ - Foreign (325 ) 4 46 $ (325 ) $ 4 $ 46
Reconciliation of Total Unrecognized Tax Benefits	As of December 31, 2020, the Company recorded a liability for unrecognized tax benefits of $158. A reconciliation of the opening and closing amounts of unrecognized tax benefits is as follows: 2020 2019 Balance as of beginning of the year $ 156 $ 148 Cumulative translation adjustments and other 2 8 Balance at the end of the year $ 158 $ 156

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Schedule of Related Party Balances and Transactions	Balances and transactions with related parties were as follows: 1. Balances with related parties: December 31, 2020 2019 Other accounts payable and accrued expenses (Note 5) $ 15 $ 10 2. Transactions with related parties: Year ended December 31, 2020 2019 2018 Amounts charged by related parties: Cost of revenues $ 47 $ 44 $ 37 Operating expenses 116 125 148 $ 163 $ 169 $ 185

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Schedule of Stock Options Activity	A summary of option activity under the Company's stock option plans to its employees as of December 31, 2020, and changes during the year ended December 31, 2020, are as follows: Number of options Weighted-average exercise price Weighted- average remaining contractual term (in years) Aggregate intrinsic value Outstanding at January 1, 2020 116,667 $ 2.16 7.76 $ - Granted - $ - - $ - Exercised - $ - - $ - Expired and forfeited - $ - - $ - Outstanding at December 31, 2020 116,667 $ 2.16 7.76 $ - Exercisable at December 31, 2020 87,500 $ 2.16 7.76 $ -
Schedule of Stock-based Compensation Expenses	The total stock-based compensation expense related to employees' equity-based awards, recognized for the years ended December 31, 2020, 2019 and 2018, was comprised as follows: Year ended December 31, 2020 2019 2018 Research and development $ - $ - $ 1 General and administrative 21 47 89 $ 21 $ 47 $ 90

GENERAL (Narrative) (Details)

GENERAL (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Apr. 01, 2015
Business Acquisition [Line Items]
Accumulated deficit	$ 29,362	$ 27,547
Net loss	1,815	135	$ 1,170
Cash flows used in operating activities	(1,331)	(46)	(1,276)
Investment			1,353
Value of shares issued under private placement	$ 0		188
Vexigo Ltd [Member]
Business Acquisition [Line Items]
Percentage of outstanding shares acquired				100.00%
Consideration for sale of assets			250
Alpha Capital Anstalt [Member]
Business Acquisition [Line Items]
Investment in preferred shares			1,500
Investment in ordinary shares			$ 188
Number of shares issued under private placement	1,315,789	1,315,789
Value of shares issued under private placement	$ 1,500,000	$ 1,500,000

GENERAL (Schedule of Statements

GENERAL (Schedule of Statements of Income and Balance Sheets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	[1]
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenue		$ 301	$ 794
Cost of revenues		255	1,034
Gross profit (loss)		46	(240)
Operating expenses (income)	(58)	(9)	310
Operating loss (income)	(58)	(55)	550
Financial income, net	21	2	16
Gain on disposal of the discontinued operations			250
Total net loss (income) from discontinued operations	(37)	(57)	$ 284
Cash and cash equivalents	176	170
Property and equipment, net	2	2
Total assets of discontinued operations	178	172
Trade payables	334	337
Accrued expenses and other liabilities	162	179
Total liabilities of discontinued operations	$ 496	$ 516
[1]	Represent the results of the discontinued operations until their disposal.

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Impairment charges	$ 1,106
Severance pay:
Severance expense	$ (525)	$ 109
Severance pay monthly deposits as a percentage of employees' monthly salary	8.33%
Concentrations of credit risk
Allowance for credit losses	$ 75	69
Derivatives instruments:
Call and put option contracts	1,193	2,193	$ 2,100
Income (expense) on derivatives	$ 4	$ 4	$ (9)
Enterprise [Member]
Projected cash flows, period	5 years	5 years
Discount rate	25.00%	25.00%

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES (Property and equipment) (Details)	12 Months Ended
	Dec. 31, 2020
Computers and Peripheral Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation rates in %	33.00%
Office Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation rates in %	7.00%
Office Furniture and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Depreciation rates in %	3.00%
Office Furniture and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Depreciation rates in %	20.00%

OTHER ACCOUNTS RECEIVABLE AND_3

OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Government authorities	$ 15	$ 27
Prepaid expenses	376	175
Others	8	34
Total	$ 399	$ 236

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Cost	$ 698	$ 693
Accumulated depreciation	663	631
Depreciated cost	35	62
Depreciation expense	32	58	$ 61
Derecognition of asset not in use	2	13
Computers and Peripheral Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	632	627
Accumulated depreciation	599	567
Office Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	66	66
Accumulated depreciation	$ 64	$ 64

ACCRUED EXPENSES AND OTHER LI_3

ACCRUED EXPENSES AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Employees and payroll accruals	$ 257	$ 307
Institutions and income tax payable	140	143
Accrued expenses	1,368	1,857
Related parties	4	10
Total	$ 1,769	$ 2,317

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Royalty Commitments) (Details) - USD ($) $ in Thousands	11 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Royalty Commitment with the Office of the Chief Scientist [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Contingent royalty liabilities		$ 8,150
Royalty Commitment with the Office of the Chief Scientist [Member] | Royalty [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Royalties included in cost of revenue		$ 40	$ 51	$ 66
Minimum [Member] | Non-obligating Lease Contract [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Monthly rental charge	$ 10
Minimum [Member] | Royalty Commitment with the Office of the Chief Scientist [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Royalty percentage		3.00%
Total royalties as a percent of grants received		100.00%
Maximum [Member] | Non-obligating Lease Contract [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Monthly rental charge	$ 15
Maximum [Member] | Royalty Commitment with the Office of the Chief Scientist [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Royalty percentage		5.00%
Total royalties as a percent of grants received		150.00%

COMMITMENTS AND CONTINGENT LI_3

COMMITMENTS AND CONTINGENT LIABILITIES (Claims and Demands) (Details) - USD ($) $ in Thousands	1 Months Ended
	Feb. 29, 2020	Aug. 31, 2007	Dec. 31, 2020
Claims Related to Discontinued Operations [Member]
Loss Contingencies [Line Items]
Maximum loss due to litigation			$ 89
Claims Related to Outstanding Bills [Member] | US subsidiary [Member]
Loss Contingencies [Line Items]
Amount sought under legal action	$ 32
Threatened Litigation [Member]
Loss Contingencies [Line Items]
Litigation loss		$ (32)
Interest rate on litigation demand		1.00%

TAXES ON INCOME (Narrative) (De

TAXES ON INCOME (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Corporate tax rate	23.00%	23.00%	23.00%
Liability for unrecognized tax benefits	$ 158	$ 156	$ 148
Domestic Country [Member]
Operating Loss Carryforwards [Line Items]
Available carryforward tax losses	26,000
Capital loss carryforwards	507
Foreign Country [Member]
Operating Loss Carryforwards [Line Items]
Available carryforward tax losses	607
Vexigo [Member]
Operating Loss Carryforwards [Line Items]
Available carryforward tax losses	$ 636
Internal Revenue Service (IRS) [Member] | Earliest Tax Year [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward expiration date	Dec. 31, 2021
Internal Revenue Service (IRS) [Member] | Latest Tax Year [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward expiration date	Dec. 31, 2028

TAXES ON INCOME (Schedule of De

TAXES ON INCOME (Schedule of Deferred Income Taxes) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Tax loss carry-forwards	$ 6,254	$ 6,089
Accruals for interest	283	283
R&D expenses	42	148
Allowances for credit losses and accruals for employee benefits	45	76
Depreciation and amortization	5	16
Deferred tax asset before valuation allowance	6,629	6,612
Goodwill	(351)	(746)
Valuation allowance	(6,107)	(6,029)
Deferred tax asset (liability), net	$ 171	$ (163)

TAXES ON INCOME (Reconciliation

TAXES ON INCOME (Reconciliation of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Loss before taxes on income, net, as reported in the statements of operations from continuing operations	$ (2,103)	$ (188)	$ (840)
Tax rates	23.00%	23.00%	23.00%
Theoretical tax benefit	$ (484)	$ (43)	$ (193)
Non - deductible expenses	(116)	38	37
Loss and timing differences for which no deferred tax was provided	264	(2)	187
Tax adjustment in respect of different tax rate of subsidiaries	9	3	6
Changes in provision for uncertain tax positions	2	8	9
Taxes on income, net, as reported in the statements of operations	$ (325)	$ 4	$ 46

TAXES ON INCOME (Schedule of In

TAXES ON INCOME (Schedule of Income (Loss) Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income (loss) before income taxes is comprised as follows:
Domestic	$ (320)	$ (217)	$ (803)
Foreign	(1,783)	29	(37)
Loss before taxes on income	$ (2,103)	$ (188)	$ (840)

TAXES ON INCOME (Schedule of Ta

TAXES ON INCOME (Schedule of Taxes on Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Current	$ 10	$ 22	$ 11
Deferred	(334)	(18)	35
Taxes on income, net, as reported in the statements of operations	(325)	4	46
Domestic
Foreign	$ (325)	$ 4	$ 46

TAXES ON INCOME (Reconciliati_2

TAXES ON INCOME (Reconciliation of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Balance as of beginning of the year	$ 156	$ 148
Cumulative translation adjustments and other	2	8
Balance at the end of the year	$ 158	$ 156

RELATED PARTY TRANSACTIONS AN_3

RELATED PARTY TRANSACTIONS AND BALANCES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Expenses from related party transactions	$ 163	$ 169	$ 185
Mr. Roger Challen [Member]
Related Party Transaction [Line Items]
Ownership interest		11.45%
Lease expense	53	$ 56	56
Data Distributors Inc. [Member]
Related Party Transaction [Line Items]
Expenses from related party transactions	$ 5	$ 0	$ 10

RELATED PARTY TRANSACTIONS AN_4

RELATED PARTY TRANSACTIONS AND BALANCES (Schedules of Balances and Transactions with Related Parties) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Balances with related parties:
Other accounts payable and accrued expenses (Note 5)	$ 4	$ 10
Amounts charged by related parties:
Cost of revenues	47	44	$ 37
Operating expenses	116	125	148
Total amounts charged by related parties	$ 163	$ 169	$ 185

SHAREHOLDERS' EQUITY (Narrative

SHAREHOLDERS' EQUITY (Narrative) (Details) $ / shares in Units, $ in Thousands	Oct. 01, 2018	Oct. 01, 2017$ / sharesshares	Jun. 30, 2020shares	Oct. 31, 2018USD ($)shares	Jun. 30, 2018USD ($)shares	Aug. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)	Sep. 30, 2019shares	Sep. 28, 2017$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable term							5 years
Ordinary shares available for future option grants							468,284
Value of shares issued under private placement | $							$ 0		$ 188
Total compensation cost related to options granted | $							21	$ 47	$ 90
Total unrecognized compensation cost related to non-vested share-based compensation arrangements | $							$ 12
2003 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of ordinary shares authorized for issuance							482,319
Expiration date of options							Nov. 30, 2023
2006 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of ordinary shares authorized for issuance							183,333
Expiration date of options							Jul. 31, 2026
Number of Ordinary shares with respect to which options may be granted thereunder to any eligible employee							50,000
Preferred Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share purchase price | $ / shares							$ 1.14
Conversion ratio							1
Beneficial ownership limitation							9.99%
Alpha Capital Anstalt [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion of preferred shares into ordinary shares			800,000
Number of shares issued under private placement					175,439
Value of shares issued under private placement | $					$ 188
Alpha Capital Anstalt [Member] | Convertible preferred shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued under private placement				1,315,789
Value of shares issued under private placement | $				$ 1,353
Minimum [Member] | Preferred Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion price | $ / shares							$ 0.10
Chief Executive Officer [Member] | 2003 Israeli Share Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted		116,667
Vesting term		4 years
Vesting percentage	25.00%	12.50%
Expiration date of options		Oct. 1, 2027
Exercise price per share | $ / shares		$ 4.5									$ 2.16
Percentage of current shareholders		50.00%
Percentage of unvested options		50.00%
Vexigo Ltd [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amount of debt converted into shares | $						$ 1,220
Amount of debt converted into shares to warrants, shares						400,000
Warrant exercise price | $ / shares						$ 3
Warrant term						5 years
Vexigo Ltd [Member] | Former Shareholders [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares called by warrants										330,668
Alpha Capital Anstalt [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued under private placement							1,315,789	1,315,789
Value of shares issued under private placement | $							$ 1,500,000	$ 1,500,000

SHAREHOLDERS' EQUITY (Schedule

SHAREHOLDERS' EQUITY (Schedule of Stock Option Activity) (Details) - Employee Stock Option [Member] - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Number of options
Outstanding at January 1, 2020	116,667
Granted
Exercised
Expired and forfeited
Outstanding at December 31, 2020	116,667	116,667
Exercisable at December 31, 2020	87,500
Weighted-average exercise price
Outstanding at January 1, 2020	$ 2.16
Granted
Exercised
Expired and forfeited
Outstanding at December 31, 2020	2.16	$ 2.16
Exercisable at December 31, 2020	$ 2.16
Weighted- average remaining contractual term (in years)
Outstanding at December 31, 2020	7 years 9 months 3 days	7 years 9 months 3 days
Exercisable at December 31, 2020	7 years 9 months 3 days
Aggregate intrinsic value
Outstanding at December 31, 2020
Exercisable at December 31, 2020

SHAREHOLDERS' EQUITY (Schedul_2

SHAREHOLDERS' EQUITY (Schedule of Stock-Based Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 21	$ 47	$ 90
Research and Development [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense			1
General and Administrative [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 21	$ 47	$ 89

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member] - $ / shares	1 Months Ended
	Apr. 30, 2021	Apr. 15, 2021
Securityholders of SharpLink [Member]
Subsequent Event [Line Items]
Ownership percentage		86.00%
Inclusive of a stock option pool [Member]
Subsequent Event [Line Items]
Ownership percentage		10.00%
Chief Executive Officer [Member]
Subsequent Event [Line Items]
Warrants	116,667
Exercise price per share	$ 1.321
Vesting period of warrants	6 months
Warrant term	3 years
Chief Executive Officer [Member] | Zero-exercise price [Member]
Subsequent Event [Line Items]
Warrants	50,000
Warrant term	3 years
Chief Financial Officer [Member] | Zero-exercise price [Member]
Subsequent Event [Line Items]
Warrants	50,000
Vesting period of warrants	5 years
Warrant term	5 years