Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended |
Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' |
Entity Registrant Name | 'BLUEPHOENIX SOLUTIONS LTD |
Entity Central Index Key | '0001029581 |
Amendment Flag | 'false |
Current Fiscal Year End Date | '--12-31 |
Document Type | 'F-1 |
Document Period End Date | 30-Jun-13 |
Document Fiscal Year Focus | '2013 |
Document Fiscal Period Focus | 'Q2 |
Entity Filer Category | 'Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 10,700,978 |
CONDENSED_CONSOLIDATED_BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current Assets: | ' | ' |
Cash and cash equivalents | $1,862 | $2,560 |
Restricted cash | 33 | 33 |
Trade accounts receivable, net | 2,408 | 2,445 |
Other current assets | 805 | 581 |
Assets held for sale | ' | 791 |
Total Current Assets | 5,108 | 6,410 |
Non-Current Assets: | ' | ' |
Property and equipment, net | 487 | 562 |
Goodwill | 12,501 | 12,501 |
Intangible assets and other, net | 162 | 277 |
Total Non-Current Assets | 13,150 | 13,340 |
TOTAL ASSETS | 18,258 | 19,750 |
Current Liabilities: | ' | ' |
Short-term bank credit and others | 149 | 217 |
Trade accounts payable | 992 | 1,256 |
Deferred revenues | 1,089 | 712 |
Other current liabilities | 866 | 950 |
Liabilities held for sale | ' | 467 |
Total Current Liabilities | 3,096 | 3,602 |
Non-Current Liabilities | ' | ' |
Accrued severance pay, net | 398 | 408 |
Loans from banks and others | 223 | 281 |
Derivative liabilities - warrants | 334 | 370 |
Total Non-Current Liabilities | 955 | 1,059 |
Commitments and contingencies (Note 4) | ' | ' |
Total Equity | 14,207 | 15,089 |
TOTAL LIABILITIES AND EQUITY | $18,258 | $19,750 |
CONDENSED_CONSOLIDATED_UNAUDIT
CONDENSED CONSOLIDATED UNAUDITED INTERIM STATEMENTS OF OPERATIONS (USD $) | 6 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 | |
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract] | ' | ' | |
Revenues | $4,561 | $4,887 | [1] |
Cost of revenues | 2,178 | 4,227 | [1] |
Gross profit | 2,383 | 660 | [1] |
Research and development costs | 696 | 264 | [1] |
Selling, general and administrative expenses | 3,115 | 4,676 | [1] |
Gain on sales of subsidiaries and Appbuilder | -786 | -245 | [1] |
Total operating expenses | 3,025 | 4,695 | [1] |
Operating loss | -642 | -4,035 | [1] |
Financial expenses, net | 42 | 2,460 | [1] |
Other income | ' | 580 | [1] |
Loss before taxes | -684 | -5,915 | [1] |
Provision for taxes | 51 | 137 | [1] |
Net loss from continued operations | -735 | -6,052 | [1] |
Net loss from discontinued operations | 399 | 1,164 | [1] |
Net loss | -1,134 | -7,216 | [1] |
Net result attributable to noncontrolling interests | 221 | 141 | [1] |
Loss attributed to BluePhoenix shareholders | ($1,355) | ($7,357) | [1] |
Loss per share: | ' | ' | |
From continued operation - basic and diluted | ($0.09) | ($0.95) | [1] |
From discontinued operation - basic and diluted | ($0.04) | ($0.18) | [1] |
Attributed to the shareholders | -0.13 | -1.13 | [1] |
Shares used in per share calculation: Basic and diluted | 10,668,000 | 6,520,000 | [1] |
[1] | Presented after reclassification of Liacom Systems Ltd. and BridgeQuest Inc. as discontinued operation. |
CONDENSED_CONSOLIDATED_STATEME
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $) | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 | |
STATEMENTS OF COMPREHENSIVE INCOME [Abstract] | ' | ' | |
Net loss | ($1,134) | ($7,216) | [1] |
Other comprehensive income | ' | ' | |
Total comprehensive loss | -1,134 | -7,216 | |
Comprehensive result attributable to the non-controlling interests | 221 | 141 | |
Comprehensive loss attributable to BluePhoenix shareholders | ($1,355) | ($7,357) | |
[1] | Presented after reclassification of Liacom Systems Ltd. and BridgeQuest Inc. as discontinued operation. |
CONDENSED_CONSOLIDATED_STATEME1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $) | Total | Share capital [Member] | Additional paid-in capital [Member] | Accumulated other comprehensive loss [Member] | Cost of Company shares held by subsidiaries [Member] | Retained earnings (Accumulated deficit) [Member] | Noncontrolling interest [Member] |
In Thousands, except Share data | |||||||
Balance at Dec. 31, 2011 | $15,595 | $56 | $126,544 | ($1,537) | ($9,455) | ($100,764) | $751 |
Balance, shares at Dec. 31, 2011 | ' | 6,310,978 | ' | ' | ' | ' | ' |
Net loss | -11,077 | ' | ' | ' | ' | -11,428 | 351 |
Sale of subsidiary | -1,013 | ' | ' | ' | ' | ' | -1,013 |
Stock based compensation | 1,702 | ' | 1,702 | ' | ' | ' | ' |
Conversions of loans and derivatives to equity, value | 9,600 | 36 | 9,564 | ' | ' | ' | ' |
Conversions of loans and derivatives to equity, shares | ' | 3,678,392 | ' | ' | ' | ' | ' |
Exercise of warrants | 282 | 0 | 282 | ' | ' | ' | ' |
Exercise of warrants, shares | ' | 76,758 | ' | ' | ' | ' | ' |
Vested RSUs | 0 | 5 | -2,744 | ' | 2,739 | ' | ' |
Vested RSUs, shares | ' | 563,125 | ' | ' | ' | ' | ' |
Balance at Dec. 31, 2012 | 15,089 | 97 | 135,348 | -1,537 | -6,716 | -112,192 | 89 |
Balance, shares at Dec. 31, 2012 | ' | 10,629,253 | ' | ' | ' | ' | ' |
Net loss | -1,134 | ' | ' | ' | ' | -1,355 | 221 |
Stock based compensation | 252 | ' | 252 | ' | ' | ' | ' |
Vested RSUs | ' | 1 | -1 | ' | ' | ' | ' |
Vested RSUs, shares | ' | 71,725 | ' | ' | ' | ' | ' |
Balance at Jun. 30, 2013 | $14,207 | $98 | $135,599 | ($1,537) | ($6,716) | ($113,547) | $310 |
Balance, shares at Jun. 30, 2013 | ' | 10,700,978 | ' | ' | ' | ' | ' |
CONSOLIDATED_UNAUDITED_INTERIM
CONSOLIDATED UNAUDITED INTERIM STATEMENTS OF CASH FLOWS (USD $) | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | |
Net loss | ($1,134) | ($7,216) | [1] |
Adjustments to reconcile net loss to net cash provided by operating activities (including discontinued operation): | ' | ' | |
Depreciation and amortization | 204 | 1,200 | |
Decrease in accrued severance pay, net | -11 | -34 | |
Stock-based compensation | 252 | 965 | |
Change in fair value of derivatives and discount amortization | -36 | 1,979 | |
(Gain) loss on sales of subsidiaries and Appbuilder | -414 | 462 | |
Loss on sale of property and equipment | ' | 12 | |
Changes in operating assets and liabilities: | ' | ' | |
Decrease in trade receivables | 233 | 710 | |
Increase in other current assets | -62 | -885 | |
Decrease in trade payables | -313 | -695 | |
Decrease in other current liabilities and deferred revenues | -59 | -193 | |
Net cash used in operating activities | -1,340 | -3,695 | |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | |
Restricted cash | ' | 4,031 | |
Purchase of property and equipment | -9 | -60 | |
Proceeds from sale of property and equipment | ' | 41 | |
Proceeds from sales of subsidiaries and Appbuilder | 800 | 2,849 | |
Net cash provided (used) by investing activities | 791 | 6,861 | |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | |
Short term bank credit and convertible notes, net | -149 | -1,484 | |
Repayment of long term loan | ' | -3,487 | |
Net cash used in financing activities | -149 | -4,971 | |
NET CASH DECREASE IN CASH AND CASH EQUIVALENTS | -698 | -1,805 | |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 2,560 | 3,997 | |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | $1,862 | $2,192 | |
[1] | Presented after reclassification of Liacom Systems Ltd. and BridgeQuest Inc. as discontinued operation. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 6 Months Ended | ||
Jun. 30, 2013 | |||
Summary of Significant Accounting Policies [Abstract] | ' | ||
Summary of Significant Accounting Policies | ' | ||
Note 1 – Summary of Significant Accounting Policies: | |||
A. | The Company: | ||
BluePhoenix Solutions Ltd. (“BluePhoenix”) (together with its subsidiaries, the “Company” or "we") is an Israeli corporation, which operates in one operating segment of information technology ("IT") modernization solutions. | |||
The Company develops and markets unique enterprise legacy lifecycle IT modernization solutions and provides tools and professional services to selected customers. The Company manages its business in various international markets through several entities, including its wholly-owned subsidiaries located in: USA, UK, Italy, Romania and Israel. | |||
B. | Accounting Principles: | ||
The consolidated financial statements are prepared in accordance with accounting principles generally accepted (“GAAP”) in the United States of America. | |||
C. | Recently Issued Accounting Pronouncements: | ||
In February 2013, the FASB issued ASU No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. This ASU requires disclosures regarding reclassifications out of accumulated other comprehensive income in a single location in the financial statements by component. This ASU is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2012. The adoption of this ASU, effective January 1, 2013, did not have an impact on the Company’s consolidated financial statements. | |||
In March 2013, the FASB issued guidance on a parent’s accounting for the cumulative translation adjustment upon de-recognition of a subsidiary or group of assets within a foreign entity. This new guidance requires that the parent release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The new guidance will be effective for us beginning July 1, 2014. We do not anticipate material impacts on our financial statements upon adoption. | |||
D. | Unaudited interim consolidated financial statements: | ||
The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States for interim financial information. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles in the United States for the annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the six months ended June 30, 2013 are not necessarily indicative of the results that may be expected for the year ended | |||
December 31, 2013. The interim financial statements should be read in conjunction with the financial statements included in our Annual Report on Form 20-F for the year ended December 31, 2012. |
Goodwill
Goodwill | 6 Months Ended | ||||||||
Jun. 30, 2013 | |||||||||
Goodwill [Abstract] | ' | ||||||||
Goodwill | ' | ||||||||
Note 2 – Goodwill: | |||||||||
June 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Unaudited | Audited | ||||||||
(in thousands) | |||||||||
Balance as of January 1. | $ | 54,316 | $ | 56,053 | |||||
Accumulated impairment losses at the beginning of the period | (41,815 | ) | (41,815 | ) | |||||
12,501 | 14,238 | ||||||||
Goodwill related to the sale of subsidiaries | — | (1,737 | ) | ||||||
Balance at end of period | $ | 12,501 | $ | 12,501 |
Intangible_Assets_net
Intangible Assets, net | 6 Months Ended | ||||||||||||
Jun. 30, 2013 | |||||||||||||
Intangible Assets, Net [Abstract] | ' | ||||||||||||
Intangible Assets, Net | ' | ||||||||||||
Note 3 – Intangible Assets, net | |||||||||||||
Useful life | June 30, | December 31, | |||||||||||
years | 2013 | 2012 | |||||||||||
Unaudited | Audited | ||||||||||||
(in thousands) | |||||||||||||
Original amount: | |||||||||||||
Technology | 5 | $ | 46,266 | $ | 46,266 | ||||||||
Customer related intangible assets | 5–8 | 4,968 | 4,968 | ||||||||||
51,234 | 51,234 | ||||||||||||
Accumulated amortization: | |||||||||||||
Technology | 46,266 | 46,239 | |||||||||||
Customer related intangible assets | 4,806 | 4,718 | |||||||||||
51,072 | 50,957 | ||||||||||||
$ | 162 | $ | 277 | ||||||||||
The estimated future amortization of the intangible assets as of June 30, 2013 is as follows: | |||||||||||||
(in thousands) | |||||||||||||
H2 2013 | 81 | ||||||||||||
2014 | 81 | ||||||||||||
$ | 162 | ||||||||||||
* | Amortization of intangible assets amounted to $115,000 and $1,532,000 for the six months ended June 30, 2013, and the year ended 2012 respectively. |
Commitments_and_contingencies
Commitments and contingencies | 6 Months Ended | ||
Jun. 30, 2013 | |||
Commitments and Contingencies [Abstract] | ' | ||
Commitments and contingencies | ' | ||
Note 4 – Commitments and contingencies: | |||
A. | Commitments: | ||
Chief Scientist. One of the Company’s subsidiaries has entered into agreements with the OCS; this subsidiary is obliged to pay royalties to the OCS at a rate of 3% on sales of the funded products, up to 100% of the dollar-linked grant received in respect of these products from the OCS. As of June 30, 2013, the contingent liability that was not recognized amounted to $252,000. | |||
Ministry of Production in Italy. In July 2007, the Company’s subsidiary, I-Ter, received an amount of $585,000 from the Ministry of Production in Italy for I-Ter's Easy4Plan product. Easy4Plan is a workflow management tool designed for ISO9000 companies. 36.5% of the funds received constitute a grant, and the remaining 63.5%, is a 10-year loan to be repaid by I-Ter in annual installments until September 2018. The loan bears a minimal annual interest of 0.87% and is linked to the euro. As of June 30, 2013 the remaining loan balance was $234,000. | |||
B. | Contingencies: | ||
The Company evaluates estimated losses for indemnifications due to product infringement under FASB Topic ASC 450 "Contingencies". At this time, it is not possible to determine the maximum potential amount under these indemnification clauses due to lack of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Such indemnification agreements may not be subject to maximum loss clauses. Historically, the Company has not incurred costs as a result of obligations under these agreements and has not accrued any liabilities related to such indemnification obligations in the Company’s financial statements. |
Discontinued_Operation
Discontinued Operation | 6 Months Ended | ||||||||
Jun. 30, 2013 | |||||||||
Discontinued Operation [Abstract] | ' | ||||||||
Discontinued operation | ' | ||||||||
Note 5 – Discontinued Operation: | |||||||||
A. | In May 2012, the Company completed the sale of the Company 51% share holdings in Liacom Systems Ltd., referred to as Liacom, for an aggregate consideration of $1.75 million. This sale was part of the Company strategic plan to focus on the legacy modernization business. The proceeds from the sale were used to repay loans. Liacom met the definition of a component. Accordingly, the results of operations in the statement operations and prior period’s results have been reclassified accordingly. As part of the sale, the company realized goodwill in the amount of $1.3 million based on the relative fair value of Liacom and the portion of the reported unit to be retained. The capital loss recorded upon sale of Liacom amounted to $703,000. | ||||||||
B. | In November 2012, the Company announced the initiation of the sale of the operations of BridgeQuest, Inc. and its relevant subsidiary, which was completed in February 2013. Total consideration for Bridgequest Inc. was $6,500. In addition, as part of the agreement, the Company expected to receive additional amounts upon collection of existing account receivables of BridgeQuest collected by the purchaser following the transaction. BridgeQuest met the definition of a component. Accordingly, the results of operations in the statement of operations and prior periods' results have been reclassified accordingly. As the transaction was completed February 2013, assets and liabilities associated with BridgeQuest were presented as held for sale in the December 31, 2012 balance sheet as the initiation of the sale was in November 2012. | ||||||||
The following is the composition from discontinued operation: | |||||||||
Six months ended | |||||||||
June 30, | |||||||||
2013 | 2012 | ||||||||
Revenues | $ | — | $ | 7,122 | |||||
Cost of revenues | 16 | 6,071 | |||||||
Gross profit | (16 | ) | 1,051 | ||||||
Research and development costs | — | 652 | |||||||
Selling, general, and administrative expenses | 2 | 845 | |||||||
Loss on realization of shareholdings | 372 | 703 | |||||||
Operating loss | (390 | ) | (1,149 | ) | |||||
Financial expenses , net | 9 | 3 | |||||||
Profit before provision for income taxes | (399 | ) | (1,152 | ) | |||||
Provision for income taxes | — | 12 | |||||||
Net loss | $ | -399 | $ | -1,164 | |||||
Herein are the following major classes of assets and liabilities associated with BridgeQuest as of December 31, 2012: | |||||||||
December 31, | |||||||||
2012 | |||||||||
Assets of discontinued operation: | |||||||||
Account receivable | $ | 544 | |||||||
Other assets | $ | 247 | |||||||
$ | 791 | ||||||||
Liabilities of discontinued operation: | |||||||||
Account payable | $ | 467 |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 6 Months Ended | ||
Jun. 30, 2013 | |||
Summary of Significant Accounting Policies [Abstract] | ' | ||
The Company | ' | ||
A. | The Company: | ||
BluePhoenix Solutions Ltd. (“BluePhoenix”) (together with its subsidiaries, the “Company” or "we") is an Israeli corporation, which operates in one operating segment of information technology ("IT") modernization solutions. | |||
The Company develops and markets unique enterprise legacy lifecycle IT modernization solutions and provides tools and professional services to selected customers. The Company manages its business in various international markets through several entities, including its wholly-owned subsidiaries located in: USA, UK, Italy, Romania and Israel. | |||
Accounting Principles | ' | ||
B. | Accounting Principles: | ||
The consolidated financial statements are prepared in accordance with accounting principles generally accepted (“GAAP”) in the United States of America. | |||
Recently Issued Accounting Pronouncements | ' | ||
C. | Recently Issued Accounting Pronouncements: | ||
In February 2013, the FASB issued ASU No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. This ASU requires disclosures regarding reclassifications out of accumulated other comprehensive income in a single location in the financial statements by component. This ASU is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2012. The adoption of this ASU, effective January 1, 2013, did not have an impact on the Company’s consolidated financial statements. | |||
In March 2013, the FASB issued guidance on a parent’s accounting for the cumulative translation adjustment upon de-recognition of a subsidiary or group of assets within a foreign entity. This new guidance requires that the parent release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The new guidance will be effective for us beginning July 1, 2014. We do not anticipate material impacts on our financial statements upon adoption. | |||
Unauditted interim consolidated financial statements | ' | ||
D. | Unaudited interim consolidated financial statements: | ||
The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States for interim financial information. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles in the United States for the annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the six months ended June 30, 2013 are not necessarily indicative of the results that may be expected for the year ended | |||
December 31, 2013. The interim financial statements should be read in conjunction with the financial statements included in our Annual Report on Form 20-F for the year ended December 31, 2012. |
Goodwill_Tables
Goodwill (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2013 | |||||||||
Goodwill [Abstract] | ' | ||||||||
Schedule of Goodwill | ' | ||||||||
June 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Unaudited | Audited | ||||||||
(in thousands) | |||||||||
Balance as of January 1. | $ | 54,316 | $ | 56,053 | |||||
Accumulated impairment losses at the beginning of the period | (41,815 | ) | (41,815 | ) | |||||
12,501 | 14,238 | ||||||||
Goodwill related to the sale of subsidiaries | — | (1,737 | ) | ||||||
Balance at end of period | $ | 12,501 | $ | 12,501 |
Intangible_Assets_net_Tables
Intangible Assets, net (Tables) | 6 Months Ended | ||||||||||||
Jun. 30, 2013 | |||||||||||||
Intangible Assets, Net [Abstract] | ' | ||||||||||||
Schedule of Intangible Assets and Others, Net | ' | ||||||||||||
Useful life | June 30, | December 31, | |||||||||||
years | 2013 | 2012 | |||||||||||
Unaudited | Audited | ||||||||||||
(in thousands) | |||||||||||||
Original amount: | |||||||||||||
Technology | 5 | $ | 46,266 | $ | 46,266 | ||||||||
Customer related intangible assets | 5–8 | 4,968 | 4,968 | ||||||||||
51,234 | 51,234 | ||||||||||||
Accumulated amortization: | |||||||||||||
Technology | 46,266 | 46,239 | |||||||||||
Customer related intangible assets | 4,806 | 4,718 | |||||||||||
51,072 | 50,957 | ||||||||||||
$ | 162 | $ | 277 | ||||||||||
Schedule of Estimated Future Amortization | ' | ||||||||||||
The estimated future amortization of the intangible assets as of June 30, 2013 is as follows: | |||||||||||||
(in thousands) | |||||||||||||
H2 2013 | 81 | ||||||||||||
2014 | 81 | ||||||||||||
$ | 162 | ||||||||||||
* | Amortization of intangible assets amounted to $115,000 and $1,532,000 for the six months ended June 30, 2013, and the year ended 2012 respectively. |
Discontinued_Operation_Tables
Discontinued Operation (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2013 | |||||||||
Discontinued Operation Additional Disclosures [Abstract] | ' | ||||||||
Composition from Discontinued Operation | ' | ||||||||
The following is the composition from discontinued operation: | |||||||||
Six months ended | |||||||||
June 30, | |||||||||
2013 | 2012 | ||||||||
Revenues | $ | — | $ | 7,122 | |||||
Cost of revenues | 16 | 6,071 | |||||||
Gross profit | (16 | ) | 1,051 | ||||||
Research and development costs | — | 652 | |||||||
Selling, general, and administrative expenses | 2 | 845 | |||||||
Loss on realization of shareholdings | 372 | 703 | |||||||
Operating loss | (390 | ) | (1,149 | ) | |||||
Financial expenses , net | 9 | 3 | |||||||
Profit before provision for income taxes | (399 | ) | (1,152 | ) | |||||
Provision for income taxes | — | 12 | |||||||
Net loss | $ | -399 | $ | -1,164 | |||||
Summary of Major Classes of Assets and Liabilities from Discontinued Operation | ' | ||||||||
Herein are the following major classes of assets and liabilities associated with BridgeQuest as of December 31, 2012: | |||||||||
December 31, | |||||||||
2012 | |||||||||
Assets of discontinued operation: | |||||||||
Account receivable | $ | 544 | |||||||
Other assets | $ | 247 | |||||||
$ | 791 | ||||||||
Liabilities of discontinued operation: | |||||||||
Account payable | $ | 467 |
Goodwill_Details
Goodwill (Details) (USD $) | Jun. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Subsidiaries [Member] | Subsidiaries [Member] | |||
Goodwill [Line Items] | ' | ' | ' | ' | ' |
Goodwill, gross - Balance as of January 1, | ' | $54,316 | $56,053 | ' | ' |
Accumulated impairment losses at the beginning of the period | ' | -41,815 | -41,815 | ' | ' |
Goodwill - Balance as of January 1, | 12,501 | 12,501 | 14,238 | ' | ' |
Goodwill related to sale | ' | ' | ' | ' | -1,737 |
Goodwill, gross - Balance at December 31, | ' | 54,316 | 56,053 | ' | ' |
Goodwill - Balance as of December 31, | $12,501 | $12,501 | $14,238 | ' | ' |
Intangible_Assets_net_Schedule
Intangible Assets, net (Schedule of Intangible Assets and Others, Net) (Details) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Dec. 31, 2012 |
Schedule Of Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Original amount | $51,234 | $51,234 |
Accumulated amortization | 51,072 | 50,957 |
Intangible assets, net | 162 | 277 |
Customer related intangible assets [Member] | ' | ' |
Schedule Of Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Original amount | 4,968 | 4,968 |
Accumulated amortization | 4,806 | 4,718 |
Customer related intangible assets [Member] | Minimum [Member] | ' | ' |
Schedule Of Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Finite-lived intangible asset, useful life | '5 years | ' |
Customer related intangible assets [Member] | Maximum [Member] | ' | ' |
Schedule Of Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Finite-lived intangible asset, useful life | '8 years | ' |
Technology [Member] | ' | ' |
Schedule Of Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Original amount | 46,266 | 46,266 |
Accumulated amortization | $46,266 | $46,239 |
Finite-lived intangible asset, useful life | '5 years | ' |
Intangible_Assets_net_Schedule1
Intangible Assets, net (Schedule Of Estimated Future Amortization) (Details) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Dec. 31, 2012 |
Intangible Assets, Net [Abstract] | ' | ' |
H2 2013 | $81 | ' |
2014 | 81 | ' |
Intangible assets, net | 162 | 277 |
Amortization of intangible assets | $115,000 | $1,532,000 |
Commitments_and_Contingencies_
Commitments and Contingencies (Narrative) (Details) (USD $) | 6 Months Ended | 1 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jul. 31, 2007 |
Ministry of Production in Italy [Member] | ||
Commitments And Contingencies [Line Items] | ' | ' |
Royalty commitment, percent of funded product sales | 3.00% | ' |
Royalty commitment, maximum percent of grant linked to product sales | 100.00% | ' |
Contingent liability, maximum potential royalty payment | $252,000 | ' |
Proceeds from issuance of debt and other | ' | 585,000 |
Percent of proceeds considered a grant | ' | 36.50% |
Percent of proceeds considered long-term debt | ' | 63.50% |
Maturity date | ' | 30-Sep-18 |
Debt instrument, minimum interest rate | ' | 0.87% |
Long-term debt | $234,000 | ' |
Discontinued_Operation_Composi
Discontinued Operation (Composition of Discontinued Operation) (Details) (USD $) | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | |
Revenues | ' | $7,122 | |
Cost of revenues | 16 | 6,071 | |
Gross profit | -16 | 1,051 | |
Research and development costs | ' | 652 | |
Selling, general, and administrative expenses | 2 | 845 | |
Loss on realization of shareholdings | 372 | 703 | |
Operating loss | -390 | -1,149 | |
Financial expenses , net | 9 | 3 | |
Profit before provision for income taxes | -399 | -1,152 | |
Provision for income taxes | ' | 12 | |
Net loss | $399 | $1,164 | [1] |
[1] | Presented after reclassification of Liacom Systems Ltd. and BridgeQuest Inc. as discontinued operation. |
Discontinued_Operation_Major_C
Discontinued Operation (Major Classes of Assets and Liabilities) (Details) (BridgeQuest [Member], USD $) | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |
BridgeQuest [Member] | ' |
Assets of discontinued operation: | ' |
Account receivable | $544 |
Other assets | 247 |
Total Assets | 791 |
Liabilities of discontinued operation: | ' |
Account payable | $467 |
Discontinued_Operation_Narrati
Discontinued Operation (Narrative) (Details) (USD $) | 6 Months Ended | 1 Months Ended | |||
Jun. 30, 2013 | Jun. 30, 2012 | 31-May-12 | Feb. 28, 2013 | ||
Liacom Systems Ltd [Member] | BridgeQuest [Member] | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | ' | |
Interest disposed of during period | ' | ' | 51.00% | ' | |
Total consideration for sale of subsidiary | ' | ' | $1,750,000 | $6,500 | |
Goodwill impairment | ' | ' | 1,300,000 | ' | |
Loss on sale | $786,000 | $245,000 | [1] | $703,000 | ' |
[1] | Presented after reclassification of Liacom Systems Ltd. and BridgeQuest Inc. as discontinued operation. |