MIND C.T.I. (MNDO) 20-F 21 Mar 19 2018 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2018shares
Document and Entity Information [Abstract]
Entity Registrant Name	MIND CTI LTD
Entity Central Index Key	0001119083
Amendment Flag	false
Trading Symbol	MNDO
Current Fiscal Year End Date	--12-31
Document Type	20-F
Document Period End Date	Dec. 31, 2018
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2018
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	19,439,218

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 2,739	$ 5,014
Short-term bank deposits	8,714	6,102
Marketable securities	4,352	5,878
Accounts receivable, net:
Trade	2,130	1,239
Other	560	843
Prepaid expenses	209	347
Inventories	4	4
Total current assets	18,708	19,427
INVESTMENTS AND OTHER NON-CURRENT ASSETS:
Marketable securities - available-for-sale	105	544
Long-term bank deposits	98	101
Severance pay fund	1,439	1,642
Deferred income taxes	34	32
PROPERTY AND EQUIPMENT, net of accumulated depreciation and amortization	164	202
GOODWILL	5,430	5,430
Total assets	25,978	27,378
Accounts payable and accruals:
Trade	147	113
Other	1,501	837
Deferred revenues	1,788	3,556
Total current liabilities	3,436	4,506
LONG-TERM LIABILITIES:
Deferred revenues	43	138
Employees’ rights upon retirement	1,517	1,712
Total liabilities	4,996	6,356
Commitments and contingencies	0	0
SHAREHOLDERS' EQUITY:
Share capital - Ordinary shares of NIS 0.01 par value – Authorized: 88,000,000 shares at December 31, 2018 and 2017; Issued: 21,660,010 shares at December 31, 2018 and 2017; Outstanding: 19,439,218 and 19,307,418 shares at December 31, 2018 and 2017, respectively	54	54
Additional paid-in capital	26,404	26,180
Accumulated other comprehensive loss	(877)	(804)
Accumulated deficit	(3,084)	(2,854)
Treasury shares - 2,220,792 and 2,352,592 shares at December 31, 2018 and 2017, respectively	(1,515)	(1,554)
Total shareholders' equity	20,982	21,022
Total liabilities and shareholders' equity	$ 25,978	$ 27,378

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - ₪ / shares	Dec. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Ordinary shares, par value	₪ 0.01	₪ 0.01
Ordinary shares, shares authorized	88,000,000	88,000,000
Ordinary shares, shares issued	21,660,010	21,660,010
Ordinary shares, shares outstanding	19,439,218	19,307,418
Treasury shares	2,220,792	2,352,592

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
REVENUES:
Sales of licenses	$ 2,151	$ 2,441	$ 3,924
Services	15,984	15,621	14,128
Revenues, Total	18,135	18,062	18,052
COST OF REVENUES
Cost of sales of licenses	80	238	349
Cost of services	6,066	6,795	6,482
Cost of Revenue, Total	6,146	7,033	6,831
GROSS PROFIT	11,989	11,029	11,221
RESEARCH AND DEVELOPMENT EXPENSES	3,747	3,417	3,517
SELLING AND MARKETING EXPENSES	1,268	1,250	1,105
GENERAL AND ADMINISTRATIVE EXPENSES	1,624	1,676	1,393
OPERATING INCOME	5,350	4,686	5,206
GAIN ON DISPOSAL OF A SUBSIDIARY	0	893	0
FINANCIAL INCOME - NET	222	630	166
INCOME BEFORE TAXES ON INCOME	5,572	6,209	5,372
TAXES ON INCOME	438	597	1,169
NET INCOME	$ 5,134	$ 5,612	$ 4,203
EARNINGS PER SHARE - Basic and diluted	$ 0.27	$ 0.29	$ 0.22
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES USED IN COMPUTATION OF EARNINGS PER SHARE - IN THOUSANDS
Basic	19,344	19,292	19,234
Diluted	19,561	19,559	19,307

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
COMPREHENSIVE INCOME
Net Income	$ 5,134	$ 5,612	$ 4,203
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized gain (loss) from available-for-sale securities	(73)	63	205
TOTAL COMPREHENSIVE INCOME	$ 5,061	$ 5,675	$ 4,408

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Share capital	Additional paid-in capital	Accumulated other comprehensive loss	Accumulated deficit	Treasury shares
Beginning Balance at Dec. 31, 2015	$ 21,848	$ 54	$ 25,862	$ (1,072)	$ (1,304)	$ (1,692)
Beginning Balance, Shares at Dec. 31, 2015		19,202
Comprehensive income (loss)	4,408	$ 0	0	205	4,203	0
Dividend paid (Note 7c)	(5,192)	0	0	0	(5,192)	0
Employees share based compensation expenses	136	0	136	0	0	0
Exercise of options issued to employees from treasury shares	85	$ 0	0	0	0	85
Exercise of options issued to employees from treasury shares, Shares		59
Ending Balance at Dec. 31, 2016	21,285	$ 54	25,998	(867)	(2,293)	(1,607)
Ending Balance, Shares at Dec. 31, 2016		19,261
Comprehensive income (loss)	5,675	$ 0	0	63	5,612	0
Dividend paid (Note 7c)	(6,173)	0	0	0	(6,173)	0
Employees share based compensation expenses	182	0	182	0	0	0
Exercise of options issued to employees from treasury shares	53	$ 0	0	0	0	53
Exercise of options issued to employees from treasury shares, Shares		46
Ending Balance at Dec. 31, 2017	21,022	$ 54	26,180	(804)	(2,854)	(1,554)
Ending Balance, Shares at Dec. 31, 2017		19,307
Comprehensive income (loss)	5,061	$ 0	0	(73)	5,134	0
Dividend paid (Note 7c)	(5,799)	0	0	0	(5,799)	0
Employees share based compensation expenses	224	0	224	0	0	0
Exercise of options issued to employees from treasury shares	39	$ 0	0	0	0	39
Exercise of options issued to employees from treasury shares, Shares		132
Cumulative effect of adoption of new accounting pronouncements	435	$ 0	0	0	435	0
Ending Balance at Dec. 31, 2018	$ 20,982	$ 54	$ 26,404	$ (877)	$ (3,084)	$ (1,515)
Ending Balance, Shares at Dec. 31, 2018		19,439

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018		Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 5,134		$ 5,612	$ 4,203
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	84		104	161
Deferred income taxes, net	(2)		63	146
Accrued severance pay	113		(145)	(123)
Foreign currency exchange rate loss from marketable securities	0		0	128
Unrealized loss from marketable securities, net	78		30	23
Employees share-based compensation	224		182	136
Gain on disposal of subsidiary	0		(893)	0
Realized loss (gain) on sale of marketable securities	(32)		25	(44)
Decrease (increase) in accounts receivable:
Trade	(750)		(141)	1,145
Other	350		(680)	37
Decrease (increase) in prepaid expenses and deferred cost of revenues	138		(28)	(9)
Decrease in inventories	0		1	4
Increase (decrease) in accounts payable and accruals:
Trade	34		62	(186)
Other	664		(396)	(1,031)
Increase (decrease) in deferred revenues	(1,569)		(1,050)	654
Net cash provided by operating activities	4,466		2,746	5,244
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales (investment in) of marketable securities, net	1,846		(798)	1,074
Purchase of property and equipment	(46)		(71)	(68)
Severance pay funds	(105)		93	82
Investment in short-term bank deposits	(2,612)		(1,170)	(3,535)
Proceeds from sale of subsidiary	0		1,169	0
Net cash used in investing activities	(917)		(777)	(2,447)
CASH FLOWS FROM FINANCING ACTIVITIES:
Employee stock options exercised and paid	39		53	85
Dividend paid	(5,799)		(6,173)	(5,192)
Net cash used in financing activities	(5,760)		(6,120)	(5,107)
DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(2,211)		(4,151)	(2,310)
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	5,014		9,165	11,475
BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR	2,803	[1]	5,014	9,165
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH ACTIVITIES:
Taxes paid (refunded)	$ (19)		$ 935	$ 841
[1]	Total cash and cash equivalents of $2,739 and restricted cash of $64 that included in other receivables.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Thousands	Dec. 31, 2018USD ($)
Statement Of Cash Flows [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 2,739
Restricted Cash	$ 64

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES a. General: 1) Nature of operations MIND C.T.I. Ltd. (the “Company”) is an Israeli company, which together with its subsidiaries operate in one business segment, providing integrated products and services. The Company designs, develops, markets, supports, implements and operates billing and customer care systems, including consulting and managed services, primarily to wireless, wireline, next-generation service providers throughout the world. The Company also provides a call management system used by enterprises for call accounting, traffic analysis, and fraud detection. The Company has wholly-owned subsidiaries in the United States (“Mind Software Inc.” or “Sentori”), Romania (“Mind Software Srl”), U.K. (“Mind Software Limited” or “Omni”) and Germany (“Mind CTI GmbH”). 2) Accounting principles The consolidated financial statements were prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”). 3) Use of estimates in preparation of financial statements The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that 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 revenues and expenses during the reporting years. Actual results could differ from those estimates. The most significant estimates with regard to the Company’s consolidated financial statements relate to revenue recognition of products and service sales using the percentage of completion method and the impairment of goodwill. 4) Functional currency The currency of the primary economic environment in which the operations of the Company and its subsidiaries are conducted is the U.S. dollar (“dollar” or “$”). Most of the Company’s revenues are derived from sales outside of Israel, which are denominated primarily in dollars. In addition, the majority of the Company’s cash reserves and financing activities are denominated in dollars. Thus, the functional currency of the Company and its subsidiaries is the dollar. Transactions and balances originally denominated in dollars are presented at their original amounts. Balances in non-dollar currencies are re-measured into dollars using historical and current exchange rates for non-monetary and monetary balances, respectively. For non-dollar transactions and other items (detailed below) reflected in the statements of operations, the following exchange rates are used: (i) for transactions: exchange rates at transaction dates or average rates; and (ii) for other items (derived from non-monetary balance sheet items, such as depreciation and amortization, etc.) - historical exchange rates. The resulting currency translation gains or losses are carried to financial income or expenses, as appropriate. b. Principles of consolidation: 1) The consolidated financial statements include the accounts of the Company and all of its wholly-owned subsidiaries. 2) Inter-company balances and transactions have been eliminated in consolidation. Profits from inter-company sales, not yet realized outside the Company and its subsidiaries, have also been eliminated. c. Comprehensive income (loss): The purpose of reporting comprehensive income (loss) is to report a measure of all changes in equity of an entity that result from recognized transactions and other economic events of the period resulting from transactions from non-owner sources. d. Segment reporting: The chief operating decision maker for the Company is the President and Chief Executive Officer. The President and Chief Executive Officer reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. Accordingly, management has determined that the Company operates in one reportable segment. e. Cash equivalents: The Company and its subsidiaries consider all highly liquid investments, which include short-term bank deposits (up to three months from original date of deposit) that are not restricted as to withdrawal or use, to be cash equivalents. f. Fair Value of financial instruments: The Company records its financial assets and liabilities at fair value. The accounting guidance for fair value provides a framework for measuring fair value, clarifies the definition of fair value, and expands disclosures regarding fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company recognizes transfers among Level 1, Level 2 and Level 3 classifications as of the actual date of the events or change in circumstances that caused the transfers. The Company’s financial instruments, including cash equivalents, short-term and long-term bank deposits, accounts receivable, accounts payable and accrued liabilities have carrying amounts which approximate fair value due to the short-term maturity of these instruments. g. Short-term bank deposits: Bank deposits with maturities of more than three months but less than one year are included in short-term bank deposits. These deposits are presented at cost and earn interest at market rates. The deposits and accumulated interest approximate fair value. h. Marketable securities: Marketable securities are classified as “financial assets held at fair value through profit or loss” when held for trading or are designated upon initial recognition as financial assets at fair value through profit or loss. Financial asset at fair value through profit or loss is shown at fair value. Any gain or loss arising from changes in fair value, including those originating from changes in exchange rates is recognized in profit or loss in the period in which the change occurred. Net gain or loss recognized in profit or loss incorporates any dividend or interest earned on the financial asset. Available-for-sale investments are classified within short-term investments, or long-term investments based on the remaining maturity of the investment, and are reported at fair value, with unrealized gains and losses, net of tax, presented as a separate component of shareholders’ equity within accumulated other comprehensive income. All realized gains and losses and unrealized losses resulting from declines in fair value that are other-than-temporary are recorded in financial expenses, net in the period of occurrence. The Company uses the specific identification method to determine the realized gains and losses on investments. For all investments in marketable securities, the Company assesses whether the impairment is other-than-temporary. If the fair value of a security is less than its amortized cost basis, an impairment is considered other-than-temporary if (i) the Company has the intent to sell the security or it is more likely than not that the Company will be required to sell the security before recovery of its entire amortized cost basis, or (ii) the Company does not expect to recover the entire amortized cost of the security. If an impairment is considered other-than-temporary based on condition (i), the entire difference between the amortized cost and the fair value of the security is recognized in earnings. If an impairment is considered other-than-temporary based on condition (ii), the amount representing credit losses, defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis of the security, will be recognized in earnings, and the amount relating to all other factors will be recognized in other comprehensive income or loss. The Company evaluates both qualitative and quantitative factors such as duration and severity of the unrealized losses, credit ratings, default and loss rates of the underlying collateral, structure and credit enhancements to determine if a credit loss may exist. See also Note 2. i. Inventories: Inventories are valued at the lower of cost or market value. Cost is determined by the “first-in, first-out” method. Most of the inventories consist of acquired hardware. j. Long-term bank deposits: Long-term bank deposits are deposits with maturities of more than one year. These deposits are presented at cost and earn interest at market rates. The deposits and accumulated interest approximate fair value. k. Property and equipment: 1) These assets are stated at cost less accumulated depreciation. 2) The assets are depreciated by the straight-line method, on basis of their estimated useful life. Annual rates of depreciation are as follows: % Computers and electronic equipment 15-33 (mainly 33) Office furniture and equipment 6-7 Vehicles 15 Leasehold improvements are amortized by the straight-line method over the term of the lease, which is shorter than the estimated useful life of the improvements. l. Goodwill: Goodwill reflects the excess of the purchase price of subsidiaries acquired over the fair value of net assets acquired. Under Accounting Standards Codification (“ASC”) 350, “Intangibles – Goodwill and Others”, goodwill is not amortized but rather tested for impairment at least annually. The Company has a single reporting unit and consequently evaluates goodwill for impairment based on an evaluation of the fair value of the Company as a whole. The Company performs annual testing for impairment of the goodwill during the third quarter of each year, see also Note 4. m. Income taxes: The Company accounts for income taxes, in accordance with the provisions of ASC 740 “Income Taxes”, under the liability method of accounting. Under the liability method, deferred taxes are determined based on the differences between the financial statement and tax basis of assets and liabilities at enacted tax rates in effect in the year in which the differences are expected to reverse. Valuation allowances are established, when necessary, to reduce deferred tax assets to amounts expected to be realized. Deferred tax liabilities and assets are classified as non-current. For uncertain tax positions, the Company follows a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate resolution. The Company’s policy is to include interest and penalties related to unrecognized tax benefits within income tax expense. n. Revenue recognition The Company’s revenues consist of revenues generated from software licensing, sales of professional services, including integration and implementation, sales of third-party hardware and software, maintenance services, managed services and training. The Company adopted ASC 606 , The Company recorded an increase to accumulated deficit of $435 thousand, on January 1, 2018 due to the cumulative effect of the ASC 606 adoption. Under ASC 606, revenue is measured as the amount of consideration the Company expects to be entitled to, in exchange for transferring products or providing services to its customers and is recognized when performance obligations under the terms of contracts with the Company’s customers are satisfied. ASC 606 prescribes a five-step model for recognizing revenue from contracts with customers: (i) identify contract(s) with the customer; (ii) identify the separate performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the separate performance obligations in the contract; and (v) recognize revenue when (or as) each performance obligation is satisfied. i) Licenses Revenue from perpetual licenses is classified as software license revenue. Software license revenue is recognized up front upon delivery of the licensed product and the utility that enables the customer to access authorization keys, provided that a signed contract has been received. ii) Services Revenue from training, support and other services is recognized as the services are performed. For contracts in which the service consists of a single performance obligation, such as providing a training class to a customer, the Company recognizes revenue upon completion of the performance obligation. For service contracts that are longer in duration and often include multiple performance obligations (for example, both training and consulting), the Company measures the progress toward completion of the obligations and recognizes revenue accordingly. In measuring progress towards the completion of performance obligations, the Company typically utilizes output-based estimates for services with contractual billing arrangements that are not based on time and materials, and estimates output based on the total tasks completed as compared to the total tasks required for each work contract. Input-based estimates are utilized for services that involve general consultations with contractual billing arrangements based on time and materials, utilizing direct labor as the input measure. Contracts may include a combination of the Company’s various products and services offerings, software, consulting services, and maintenance. For contracts with multiple performance obligations, the Company accounts for individual performance obligations separately if they are distinct. Significant judgment may be required to identify distinct obligations within a contract. The total transaction price is allocated to the individual performance obligations based on the ratio of the relative established standalone selling prices (SSP), or the Company’s best estimate of SSP, of each distinct product or service in the contract. Revenue is then recognized for each distinct performance obligation. iii) Managed Services Revenues from managed services include a monthly fee for services and a right to access the Company’s software and are recorded as service revenues. The Company does not provide the customer with the contractual right to take possession of the software at any time during the period under these contracts. The monthly fee is based mainly on the number of subscribers or customer’s business volume and the contracts include a minimum monthly charge. These revenues are recognized on a monthly basis when those services are satisfied. o. Research and development expenses: Pursuant to ASC 985-20, “Software - Costs of Software to be Sold, Leased, or Marketed”, development costs related to software products are expensed as incurred until the “technological feasibility” of the product has been established. Because of the relatively short time period between “technological feasibility” and product release, and the insignificant amount of costs incurred during such period, no software development costs have been capitalized. p. Allowance for doubtful accounts: The allowance is determined for specific debts doubtful of collection. q. Share-based compensation: The Company accounts for share-based compensation in accordance with ASC 718, “Compensation - Stock Compensation”, which requires the measurement and recognition of compensation expense based on estimated fair values for all share-based payment awards made to employees. 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 periods in the Company’s consolidated statements of operations. The Company recognizes compensation cost for an award with only service conditions that has a graded vesting schedule using the straight-line method over the requisite service period for the entire award, net of estimated forfeitures. r. Earnings per share (“EPS”): Basic EPS is computed by dividing net income by the weighted average number of shares outstanding during the year, net of treasury shares. Diluted EPS reflects the increase in the weighted average number of shares outstanding that would result from the assumed exercise of employee stock options, calculated using the treasury-stock-method. s. Treasury shares: Treasury shares are presented as a reduction in shareholders’ equity, at their cost to the Company, under “Treasury shares”. t. Concentration of credit risks: Most of the Company’s and its subsidiaries’ cash and cash equivalents as of December 31, 2018 and 2017 were deposited with Israeli, European and U.S. banks. The Company is not aware of any specific credit risks in respect of these banks. The Company’s revenues have been generated from a large number of customers. Consequently, the exposure to credit risks relating to trade receivables is limited. The Company performs ongoing credit evaluations of its customers for the purpose of determining the appropriate allowance for doubtful accounts. u. Recently Issued accounting pronouncements: In February 2016, the Financial Accounting Standards Board (the “FASB”) issued ASC Update (“ASU”) No. 2016-02, “Leases (Topic 842)”. The purpose of ASU 2016-02 is to increase the transparency and comparability among organizations by recognizing lease assets and liabilities on the balance sheet, including those previously classified as operating leases under current U.S. GAAP, and disclosing key information about leasing arrangements. Topic 842, as amended, is effective for public entities for annual periods beginning after December 15, 2018, including interim periods within those annual periods. The Company currently plans to adopt the standard using the transition method provided by ASU No. 2018-11, Leases (Topic 842): Targeted Improvements. Under this method, The Company will initially apply the new leasing rules on January 1, 2019, rather than at the earliest comparative period presented in the financial statements. Prior periods presented will be in accordance with the existing lease guidance. Upon transition, the Company plans to apply the package of practical expedients permitted under Topic 842 transition guidance to our entire lease portfolio at January 1, 2019. As a result, the Company is not required to reassess (i) whether any expired or existing contracts are or contain leases, (ii) the classification of any expired or existing leases, and (iii) initial direct costs for any existing leases. As a result of adopting Topic 842, the Company expects to recognize additional right-of-use assets and corresponding liabilities on its consolidated balance sheets of approximately $794 thousand, with no material impact to its consolidated statements of operations or consolidated statements of cash flows. In August 2018, the FASB issued new guidance related to the disclosure requirements for fair value measurements. This guidance modifies the disclosure requirements for fair value measurements by removing, modifying, and/or adding certain disclosures and is effective for the first interim period within annual fiscal years beginning after December 15, 2019 (The Company’s fiscal 2020). Early adoption related to modifying existing disclosures is permitted while delaying adoption of the additional disclosures until the effective date. This guidance will not have a material impact on the Company’s consolidated financial statements. In August 2018, the FASB issued new guidance related to the disclosure requirements for defined benefit pension or other postretirement plans. This guidance modifies the disclosure requirements for defined benefit plans by removing, modifying, and/or adding certain disclosures and is effective for fiscal years beginning after December 15, 2020 (fiscal 2021 for the Company) with early adoption permitted. These amendments must be applied on a retrospective basis for all periods presented. The Company is currently evaluating how this guidance will impact the disclosures related to the Company’s defined benefit plans. This guidance will not have a material impact on the Company’s consolidated financial statements. In November 2018, the FASB issued ASU No. 2018-18, “Collaborative Arrangements”. ASU 2018-18 clarifies the interaction between collaborative arrangements and the new revenue standards. ASU 2018-18 will be effective for the Company on October 1, 2020, and early adoption is permitted. The Company is currently evaluating the impact of adoption of ASU 2018-18 on its consolidated financial statements.

Marketable Securities

Marketable Securities	12 Months Ended
	Dec. 31, 2018
Marketable Securities [Abstract]
MARKETABLE SECURITIES	NOTE 2 - MARKETABLE SECURITIES December 31, Maturity year 2 0 1 8 2 0 1 7 U.S. dollars in thousands Short-term (a): Municipal bond $ 3,325 $ 4,806 Corporate bond 1,027 1,072 $ 4,352 $ 5,878 Long-term security bond (b) Perpetual $ 105 $ 544 (a) The Company invests in highly-rated marketable securities, and its policy limits the amount of credit exposure to any one issuer. The Company’s investment policy requires investments to be investment grade, rated single - A or better, with the objective of minimizing the potential risk of principal loss. Fair values were determined for each individual security in the investment portfolio based on quoted prices in active markets. (b) As of December 31, 2018, the Company held a long-term security bond which is classified as available-for-sale security and presented at fair value. The fair value of the available-for-sale security based on quoted prices in active markets for identical instruments (Level 1 as defined under ASC 820, “Fair Value Measurement”).

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2018
Property and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 3 - PROPERTY AND EQUIPMENT a. Composition of assets, grouped by major classification, is as follows: December 31, 2 0 1 8 2 0 1 7 U.S. dollars in thousands Computers and electronic equipment $ 1,892 $ 1,848 Office furniture and equipment 155 155 Vehicles 122 146 Leasehold improvements 22 18 2,191 2,167 Less - accumulated depreciation and amortization (2,027 ) (1,965 ) $ 164 $ 202 b. Depreciation and amortization expenses totaled $84 thousand, $104 thousand and $161 thousand in the years ended December 31, 2018, 2017 and 2016, respectively. c. Property and equipment - by geographical location: December 31, 2 0 1 8 2 0 1 7 U.S. dollars in thousands Israel $ 76 $ 85 Romania 88 116 United States - 1 $ 164 $ 202

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2018
Goodwill [Abstract]
GOODWILL	NOTE 4 - GOODWILL Goodwill represents the excess of the aggregate purchase price paid over the fair value of the net assets acquired in our business combinations. Goodwill is not amortized and is tested for impairment at least annually or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Events or changes in circumstances that could trigger an impairment review include a significant adverse change in business climate, an adverse action or assessment by a regulator, unanticipated competition, a loss of key personnel, significant changes in the manner of our use of the acquired assets or the strategy for our overall business, significant negative industry or economic trends, or significant underperformance relative to expected historical or projected future results of operations. The Company has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying value, including goodwill. If, after assessing the totality of events or circumstances, the Company determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, additional impairment testing is not required. However, if the Company concludes otherwise, the Company is required to perform the first step of a two-step impairment test. Alternatively, the Company may elect to proceed directly to the first step of the two-step impairment test and bypass the qualitative assessment. The first step of the impairment test involves comparing the estimated fair value of a reporting unit with its book value, including goodwill. If the estimated fair value exceeds book value, goodwill is considered not to be impaired and no additional steps are necessary. If, however, the fair value of the reporting unit is less than book value, the carrying amount of the goodwill is compared to its implied fair value. The estimate of implied fair value of goodwill may require valuations of certain internally generated and unrecognized intangible assets. If the carrying amount of goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to the excess. The Company performed the annual impairment tests during the third quarter of 2018, 2017 and 2016 and did not identify any indication for impairment losses.

Employees' Rights Upon Retireme

Employees' Rights Upon Retirement	12 Months Ended
	Dec. 31, 2018
Employees' Rights Upon Retirement [Abstract]
EMPLOYEES' RIGHTS UPON RETIREMENT	NOTE 5 - EMPLOYEES’ RIGHTS UPON RETIREMENT a. Israeli law generally requires payment of severance pay upon dismissal of an employee or upon termination of employment in certain other circumstances. The severance pay liability of the Company to its Israeli employees, based upon the number of years of service and the latest monthly salary, is partly covered by regular deposits with severance pay funds and pension funds, and by purchase of insurance policies; under labor agreements, the deposits with recognized pension funds and the insurance policies, as above, are in the employees’ names and are, subject to certain limitations, the property of the employees. The amounts accrued and the portions funded, with severance pay funds and by the insurance policies are reflected in the financial statements as follows: December 31, 2 0 1 8 2 0 1 7 U.S. dollars in thousands Accrued severance pay $ 1,517 $ 1,712 Less - amounts funded (presented in “investment and other non-current assets”) (1,439 ) (1,642 ) Unfunded balance $ 78 $ 70 The amounts of accrued severance pay as above cover the Company’s severance pay liability in accordance with labor agreements in force and based on salary components which, in management’s opinion, create entitlement to severance pay. The Company records the obligation as if it was payable at each balance sheet date on an undiscounted basis. Withdrawals from the funds are generally made for the purpose of paying severance pay. b. The severance pay expenses were $134 thousand, $113 thousand and $169 thousand in the years ended December 31, 2018, 2017 and 2016, respectively.

Commitments

Commitments	12 Months Ended
	Dec. 31, 2018
Commitments [Abstract]
COMMITMENTS	NOTE 6 - COMMITMENTS The Company and its subsidiaries entered into premises lease agreements that will expire between 2019 and 2025. Future minimum lease commitments of the Company and its subsidiaries under the above leases, at exchange rates in effect on December 31, 2018, are as follows: U.S. dollars in thousands Years ending December 31: 2019 $ 492 2020 199 2021 48 2022 48 2023-2025 104 $ 891

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2018
Shareholders' Equity [Abstract]
SHAREHOLDERS’ EQUITY	NOTE 7 - SHAREHOLDERS’ EQUITY a. Share capital: The Company’s ordinary shares are traded in the United States on the NASDAQ National Market, under the symbol MNDO. b. Treasury shares: During the period between September 2008 and December 2009, the Company has purchased an aggregate amount of 3,165,092 ordinary shares for a total consideration of approximately $2.8 million. Currently, the Company does not have an active buyback plan. As of December 31, 2018, the remaining treasury shares are 2,220,792 which amounted to $1.5 million after exercise of options issued to employees from treasury shares in the amount of $39 thousand, $53 thousand and $85 thousand in the years ended December 31, 2018, 2017 and 2016 respectively. c. Dividend: Dividends paid per share in the years ended December 31, 2018, 2017 and 2016 were $0.30, $0.32 and $0.27, respectively. The Company paid dividends to its shareholders in the amounts of $5.8 million, $6.2 million and $5.2 million during the years ended December 31, 2018, 2017 and 2016, respectively. d. Stock option plans: In 2011, the Board of Directors and the 2011 Annual General Meeting of the Company’s shareholders approved a share incentive plan (the “2011 Share Incentive Plan”). Under the 2011 Share Incentive Plan, options for up to 1,800,000 ordinary shares of NIS 0.01 par value are to be granted to employees of the Company and its subsidiaries, directors, consultants or contractors of the Company. Each option can be exercised to purchase one ordinary share. Immediately upon issuance, the ordinary shares issuable upon the exercise of the options will confer on holders the same rights as the other ordinary shares. The Board of Directors determines the exercise price and the vesting period of the options granted. The outstanding options granted under the abovementioned plan vest over 2-4 years. Options not exercised will expire 5 years after the day of grant. The compensation costs charged against income for all of the Company’s equity incentive plans during the years ended December 31, 2018, 2017 and 2016 were approximately $224 thousand, $182 thousand and $137 thousand, respectively without any reduction in income taxes. Under Section 102 of the Israeli Income Tax Ordinance, pursuant to an election made by the Company thereunder, Israeli employees (except for employees who are deemed “Controlling Members” under the Israeli Income Tax Ordinance) are subject to a lower tax rate on capital gains accruing to them in respect of Section 102 awards. However, the Company is not allowed to claim as an expense for tax purposes the amounts credited to such employees. 1) The following is a summary of the status of the 2011 Share Incentive Plan as of December 31, 2018, 2017 and 2016, and changes during the years ended on those dates: Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 Number Weighted average exercise price Number Weighted average exercise price Number Weighted average exercise price Options outstanding at beginning of year 813,100 $ 1.490 875,500 $ 1.600 710,300 $ 2.510 Changes during year: Granted (a) 118,000 $ 0.003 90,000 $ 0.650 344,000 $ 0.003 Exercised (131,800 ) $ 0.003 (46,000 ) $ 1.150 (59,000 ) $ 1.450 Forfeited (74,100 ) $ 0.500 (78,400 ) $ 1.410 (117,800 ) $ 2.490 Expired (51,000 ) $ 2.950 (28,000 ) $ 2.950 (2,000 ) $ 2.160 Options outstanding at end of year 674,200 $ 1.46 813,100 $ 1.490 875,500 $ 1.600 Options exercisable at end of year 350,000 $ 2.630 303,000 $ 2.900 246,500 $ 2.870 Vested and expected to vest at end of year 637,361 $ 1.540 Weighted average grant date fair value of options granted during the year (b) $ 1.46 $ 1.30 $ 1.46 (a) In the year ended December 31, 2018, the options were granted with an exercise price equal to NIS 0.01. In the year ended December 31, 2017, the options were granted with an exercise price equal to the average closing price per share of the Company’s ordinary shares on the stock market during the 30-day trading period immediately preceding the date of grant of such option, or with an exercise price equal to par value of NIS 0.01. In the year ended December 31, 2016, the options were granted with an exercise price equal to par value of NIS 0.01. (b) The fair value of each stock option granted is computed on the date of grant according to the Black-Scholes option-pricing model with the following assumptions: Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 Dividend yield 11 % 11 % 11 % Expected volatility* 28 % 35 % 35 % Average risk-free interest rate 2.6 % 1.9 % 2.0 % Expected average term - in years 3.88 3.88 3.88 * Volatility is based on historical volatility of the Company’s share price for periods matching the expected term of the option until exercise. As of December 31, 2018, there were approximately $422 thousand of total unrecognized compensation costs, net of expected forfeitures, related to nonvested share-based compensation awards granted under the stock option plan. The costs are expected to be recognized over a weighted average period of 1.44 years. 2) The following table summarizes information about options outstanding and exercisable as of December 31, 2018: Options Outstanding Options Exercisable Range of exercise prices Number outstanding at December 31, Weighted average remaining contractual Weighted average exercise Number exercisable at December 31, Weighted average remaining contractual life Weighted average exercise Years Years $ 0.003 334,200 3.46 $ 0.003 37,000 2.84 $ 0.003 $ 2.425 – 2.947 340,000 0.92 $ 2.90 313,000 0.86 $ 2.94 The total intrinsic value of options exercised during the years ended December 31, 2018, 2017 and 2016 were approximately $266 thousand, $70 thousand and $51 thousand, respectively. As of December 31, 2018, the aggregate intrinsic value of the outstanding options is $738 thousand, and the aggregate intrinsic value of the exercisable options is $84 thousand.

Taxes on Income

Taxes on Income	12 Months Ended
	Dec. 31, 2018
Taxes on Income [Abstract]
TAXES ON INCOME	NOTE 8 - TAXES ON INCOME a. Tax benefits under the Law for the Encouragement of Industry (Taxes), 1969: The Company is an “industrial company”, as defined by this law. As such, the Company is entitled to claim depreciation at increased rates for equipment used in industrial activity, as stipulated by regulations published under the inflationary adjustments law. b. Tax benefits under the Law for the Encouragement of Capital Investments, 1959 (the “Investment Law”): 1) On February 18, 2018, the Company received a status of “Technologic Preferred Enterprise” as defined under the Encouragement of Capital Investment Law (the “Approval”). In accordance with the Approval, starting in 2017 and until 2021, revenues originating from granting the right of use as defined in the Approval, will be defined as Technologic Preferred Revenue, as defined under the Law, and will be subject to a tax rate of 7.5%. Prior to 2017 the Company received a status of “Preferred Enterprise” as described in (2) below. 2) Tax benefits under the 2011 Amendment On January 6, 2011 an amendment (Amendment No. 68) to the Investment Law (the “2011 Amendment”) was published. The 2011 Amendment significantly revised the tax incentive regime in Israel, commencing on January 1, 2011. The 2011 Amendment introduced a new status of “Preferred Enterprise”. Similarly to the “Approved Enterprise” status, a Preferred Company is an industrial company meeting certain conditions (including a minimum threshold of 25% export). However, under the 2011 Amendment the requirement for a minimum investment in productive assets in order to be eligible for the benefits granted under the Investments Law as with respect to “approved enterprise” status was cancelled. Dividends distributed from income which is attributed to a “Preferred Enterprise” will be subject to withholding tax at source at the following rates: (i) Israeli resident corporations - 0%, (ii) Israeli resident individuals – 15% (iii) non-Israeli residents - 15%, subject to a reduced tax rate under the provisions of an applicable double tax treaty. On July 30, 2013 the Israeli Parliament passed a Law for the change in the order of National Priorities (legislative amendments to achieve budget objectives for 2013 and 2014), 2013. As part of the legislation, the Investment Law was amended so that the tax rate applicable to a “Preferred Enterprise” in this period in Development Area A will be 9% and the tax rate in other parts of the country will be 16%. Similarly, it was determined that the tax rate on dividends distributed to individuals and foreign residents out of preferred income will be increased to 20% as from January 1, 2014 as opposed to the current rate at that time of 15%. The following table summarizes the reduced flat tax rate with respect to the income attributed to the Preferred Enterprise: Tax Year Development Other Areas 2011-2012 10 % 15 % 2013 7 % 12.5 % 2014 and thereafter 9 % 16 % The Company is located in Development Region “A” and during 2011 had chosen the status of the 2011 Amendment. If only a portion of the Company’s capital investments is approved, its effective tax rate will be the result of a weighted combination of the applicable rates. The tax benefits from any certificate of approval relate only to taxable income attributable to the specific “Preferred Enterprise”. Income derived from activity that is not integral to the activity of the “Preferred Enterprise” will not enjoy tax benefits. The Company’s entitlement to the above benefits is subject to fulfillment of certain conditions under the Investment Law and related regulations. During 2013, the Company applied for a tax ruling with respect to 2012 and future years. During 2014, the Company obtained the ruling, which provides that the portion of the income attributed to the “Preferred Enterprise” (and thereby subject to lower tax rates) will be calculated each year based on, among other things, the ratio between the number of the employees in Israel and abroad. According to the ruling, the tax rate on income in Israel in the year ended December 31, 2016 was approximately 22%. c. Other applicable tax rates: 1) Income from other sources in Israel In January 2016, a legislation to amend the corporate income tax law was published. The legislation determined a decrease of the corporate income tax law as of January 1, 2016 to 25% (1.5% decrease). In December 2016, a legislation to amend the corporate income tax law was published. The legislation determined a decrease of the corporate income tax law as of January 1, 2017 to 24% and another decrease of the corporate income tax law as of January 1, 2018 to 23%. 2) Income of non-Israeli subsidiaries Non-Israeli subsidiaries are taxed according to tax laws in their countries of residence. d. Deferred income taxes: 1) Provided in respect of the following: December 31 2 0 1 8 2 0 1 7 U.S. dollars in thousands Research and development expenses $ 25 $ 23 Carryforward tax losses 964 1,738 Other 9 9 Less - valuation allowance (964 ) (1,738 ) $ 34 $ 32 Deferred income tax assets are presented in the balance sheet among non-current assets. 2) As of December 31, 2018, the carryforward tax losses are related mainly to the Company’s subsidiaries (in the U.S. and U.K.) and amounted to approximately $4.7 million. The Company has provided valuation allowance in respect of deferred tax assets resulting from carryforward tax losses of the Company’s subsidiaries. Management currently believes that it is more likely than not that those deferred tax losses will not be realized in the foreseeable future. e. Taxes on income included in the statements of operations: 1) As follows: Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands Current: In Israel $ 396 $ 491 $ 945 Outside Israel 44 43 78 440 534 1,023 Taxes in respect of previous years - - - Deferred taxes in Israel (2 ) 63 146 $ 438 $ 597 $ 1,169 2) Following is a reconciliation of the theoretical tax expense, assuming all income is taxed at the regular tax rates applicable to companies in Israel (see c. above), and the actual tax expense: Years ended December 31, 2018 2 0 1 7 2 0 1 6 U.S. dollars in thousands Income before taxes on income, as reported in the statements of operations* $ 5,572 $ 6,209 $ 5,372 Theoretical tax expense 1,281 1,428 1,343 Less - tax benefits arising from Technologic Preferred Enterprise or Approved Enterprise status, see b. above (772 ) (1,110 ) (208 ) 509 318 1,135 Increase (decrease) in taxes resulting from permanent differences: Disallowable deductions 44 41 42 Changes in valuation allowance (106 ) 244 373 Changes in taxes resulting from computation of deferred taxes at a rate which is different from the theoretical rate and other (9 ) (6 ) (381 ) Taxes on income for the reported years: $ 438 $ 597 $ 1,169 * As follows: Taxable in Israel 4,751 $ 5,162 $ 4,406 Taxable outside Israel 821 1,047 966 $ 5,572 $ 6,209 $ 5,372 f. Tax assessments: The Company has received final assessments from the tax authorities, through the year ended December 31, 2013. The subsidiaries, except Mind Software Limited, have not been assessed since incorporation. Mind Software Limited has received final tax assessments through tax year 2006. Mind Software Srl has received final tax assessment through tax year 2013. g. Sale of S.C. Dirot COMP S.R.L (“DIROT”): In April 2017, the Company sold its holdings in DIROT for EUR 1,100 thousand. Following the sale, the Company recognized a capital gain, which was partially offset against carryforward capital tax losses from previous years.

Supplementary Balance Sheet Inf

Supplementary Balance Sheet Information	12 Months Ended
	Dec. 31, 2018
Supplementary Balance Sheet Information [Abstract]
SUPPLEMENTARY BALANCE SHEET INFORMATION	NOTE 9 - SUPPLEMENTARY BALANCE SHEET INFORMATION a. Cash, cash equivalents and deposits: December 31, 2 0 1 8 2 0 1 7 U.S. dollars in thousands Cash $ 1,389 $ 2,744 Cash equivalents 314 159 Total cash $ 2,739 $ 5,014 Short term deposits (a) $ 8,714 $ 6,102 Long term deposit (b) $ 98 $ 101 Total $ 11,551 $ 11,217 (a) The average rate of short-term deposits is 2.92%. (b) The deposit maturity is June 2020 and the rate is 1.8%. b. Accounts receivable other: December 31, 2 0 1 8 2 0 1 7 U.S. dollars in thousands Government $ 227 $ 659 Employees 19 25 Sundry 314 159 $ 560 $ 843 c. Accounts payable and accruals - other: December 31, 2 0 1 8 2 0 1 7 U.S. dollars in thousands Payroll and related expenses $ 899 $ 507 Government institutions 218 208 Accrued vacation pay 79 52 Accrued expenses and sundry 305 70 $ 1,501 $ 837

Selected Statement of Operation

Selected Statement of Operations Data	12 Months Ended
	Dec. 31, 2018
Selected Statement of Operations Data [Abstract]
SELECTED STATEMENT OF OPERATIONS DATA	NOTE 10 - SELECTED STATEMENT OF OPERATIONS DATA a. Revenues: 1) The Company’s revenues derive from sale of software products in one operating segment. The Company has two product lines: (i) product line “A” - billing and customer care solutions for service providers; and (ii) product line “B” - call accounting and call management solutions for enterprises. The following table sets forth the revenues classified by product lines: Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands Product line “A” $ 14,923 $ 14,722 $ 14,544 Product line “B” 3,212 3,340 3,508 $ 18,135 $ 18,062 $ 18,052 2) The following table sets forth the geographical revenues classified by geographical location of the customers: Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands United States $ 13,130 $ 12,995 $ 12,711 Europe 3,328 3,181 3,333 Israel 884 977 880 Other 793 909 1,128 $ 18,135 $ 18,062 $ 18,052 3) The Company adopted ASC 606 on January 1, 2018 using the modified retrospective approach for all contracts not completed as of the date of adoption. Under the previous pronouncement ASC 605, the total revenues for the year ended December 31, 2018 would have been $17,959 thousand. b. Research and development expenses: Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands Payroll and related expenses $ 3,136 $ 2,788 $ 2,682 Rent and related expenses 335 280 330 Depreciation and amortization 34 37 53 Subcontracting 87 165 307 Other 155 147 145 $ 3,747 $ 3,417 $ 3,517 c. Selling and marketing expenses: Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands Payroll and related expenses $ 978 $ 953 $ 911 Depreciation and amortization 6 5 5 Travel and conventions 67 58 71 Other 217 234 118 $ 1,268 $ 1,250 $ 1,105 d. General and administrative expenses: Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands Payroll and related expenses $ 1,026 $ 1,105 $ 1,039 Depreciation and amortization 15 16 18 Insurance 36 42 50 Office expenses 53 58 69 Professional services 333 326 242 Allowance for doubtful accounts and bad debts - - (245 ) Other 161 129 220 $ 1,624 $ 1,676 $ 1,393 e. Financial income (expense) - net: Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands Income: Interest on bank deposits and short-term investments $ 208 $ 75 $ 49 Non-dollar currency gains - net - 415 13 Income from marketable securities 77 136 143 Realized gain from sale of available-for-sale securities 28 - - Interest on available-for-sale securities 27 42 58 340 668 263 Expenses: Non-dollar currency losses - net (107 ) - - Realized loss from sale of available-for-sale securities - (24 ) (84 ) Bank commissions and charges (11 ) (14 ) (13 ) (118 ) (38 ) (97 ) $ 222 $ 630 $ 166 f. Earnings per ordinary share (“EPS”): The following table sets forth the computation of the Company’s basic and diluted net loss per share of common stock: Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 in thousands Weighted average number of shares issued and 19,344 19,292 19,234 Add - incremental shares from assumed exercise of 217 267 73 Weighted average number of shares used in 19,561 19,559 19,307 In the years ended December 31, 2018, 2017 and 2016, options that their effect was anti-dilutive were not taken into account in computing the diluted EPS. The number of options that could potentially dilute EPS in the future and were not included in the computation of diluted EPS is 334,200 options, 354,000 options and 489,500 options, for the years ended December 31, 2018, 2017 and 2016 respectively.

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2018
Related Parties [Abstract]
RELATED PARTIES	NOTE 11 - RELATED PARTIES a. Balances As of December 31, 2018 and 2017, the Company had an accrual in the amount of $240 thousand and $240 thousand, respectively, pursuant to an employment agreement with its President and Chief Executive Officer. b. Transactions During the year ended December 31, 2018, 2017 and 2016, the Company recorded salary expenses, cash bonus and directors’ fee to its related parties in the amount of $557 thousand, $558 thousand and $596 thousand, respectively.

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2018
Subsequent Event [Abstract]
SUBSEQUENT EVENT	NOTE 12 - SUBSEQUENT EVENT In March 2019, the Company declared a dividend to its shareholders in the amount of approximately $5.0 million.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Significant Accounting Policies [Abstract]
Nature of operations	1) Nature of operations MIND C.T.I. Ltd. (the “Company”) is an Israeli company, which together with its subsidiaries operate in one business segment, providing integrated products and services. The Company designs, develops, markets, supports, implements and operates billing and customer care systems, including consulting and managed services, primarily to wireless, wireline, next-generation service providers throughout the world. The Company also provides a call management system used by enterprises for call accounting, traffic analysis, and fraud detection. The Company has wholly-owned subsidiaries in the United States (“Mind Software Inc.” or “Sentori”), Romania (“Mind Software Srl”), U.K. (“Mind Software Limited” or “Omni”) and Germany (“Mind CTI GmbH”).
Accounting principles	2) Accounting principles The consolidated financial statements were prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”).
Use of estimates in preparation of financial statements	3) Use of estimates in preparation of financial statements The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that 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 revenues and expenses during the reporting years. Actual results could differ from those estimates. The most significant estimates with regard to the Company’s consolidated financial statements relate to revenue recognition of products and service sales using the percentage of completion method and the impairment of goodwill.
Functional currency	4) Functional currency The currency of the primary economic environment in which the operations of the Company and its subsidiaries are conducted is the U.S. dollar (“dollar” or “$”). Most of the Company’s revenues are derived from sales outside of Israel, which are denominated primarily in dollars. In addition, the majority of the Company’s cash reserves and financing activities are denominated in dollars. Thus, the functional currency of the Company and its subsidiaries is the dollar. Transactions and balances originally denominated in dollars are presented at their original amounts. Balances in non-dollar currencies are re-measured into dollars using historical and current exchange rates for non-monetary and monetary balances, respectively. For non-dollar transactions and other items (detailed below) reflected in the statements of operations, the following exchange rates are used: (i) for transactions: exchange rates at transaction dates or average rates; and (ii) for other items (derived from non-monetary balance sheet items, such as depreciation and amortization, etc.) - historical exchange rates. The resulting currency translation gains or losses are carried to financial income or expenses, as appropriate.
Principles of consolidation	b. Principles of consolidation: 1) The consolidated financial statements include the accounts of the Company and all of its wholly-owned subsidiaries. 2) Inter-company balances and transactions have been eliminated in consolidation. Profits from inter-company sales, not yet realized outside the Company and its subsidiaries, have also been eliminated.
Comprehensive income (loss)	c. Comprehensive income (loss): The purpose of reporting comprehensive income (loss) is to report a measure of all changes in equity of an entity that result from recognized transactions and other economic events of the period resulting from transactions from non-owner sources.
Segment reporting	d. Segment reporting: The chief operating decision maker for the Company is the President and Chief Executive Officer. The President and Chief Executive Officer reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. Accordingly, management has determined that the Company operates in one reportable segment.
Cash equivalents	e. Cash equivalents: The Company and its subsidiaries consider all highly liquid investments, which include short-term bank deposits (up to three months from original date of deposit) that are not restricted as to withdrawal or use, to be cash equivalents.
Fair Value of financial instruments	f. Fair Value of financial instruments: The Company records its financial assets and liabilities at fair value. The accounting guidance for fair value provides a framework for measuring fair value, clarifies the definition of fair value, and expands disclosures regarding fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company recognizes transfers among Level 1, Level 2 and Level 3 classifications as of the actual date of the events or change in circumstances that caused the transfers. The Company’s financial instruments, including cash equivalents, short-term and long-term bank deposits, accounts receivable, accounts payable and accrued liabilities have carrying amounts which approximate fair value due to the short-term maturity of these instruments.
Short-term bank deposits	g. Short-term bank deposits: Bank deposits with maturities of more than three months but less than one year are included in short-term bank deposits. These deposits are presented at cost and earn interest at market rates. The deposits and accumulated interest approximate fair value.
Marketable securities	h. Marketable securities: Marketable securities are classified as “financial assets held at fair value through profit or loss” when held for trading or are designated upon initial recognition as financial assets at fair value through profit or loss. Financial asset at fair value through profit or loss is shown at fair value. Any gain or loss arising from changes in fair value, including those originating from changes in exchange rates is recognized in profit or loss in the period in which the change occurred. Net gain or loss recognized in profit or loss incorporates any dividend or interest earned on the financial asset. Available-for-sale investments are classified within short-term investments, or long-term investments based on the remaining maturity of the investment, and are reported at fair value, with unrealized gains and losses, net of tax, presented as a separate component of shareholders’ equity within accumulated other comprehensive income. All realized gains and losses and unrealized losses resulting from declines in fair value that are other-than-temporary are recorded in financial expenses, net in the period of occurrence. The Company uses the specific identification method to determine the realized gains and losses on investments. For all investments in marketable securities, the Company assesses whether the impairment is other-than-temporary. If the fair value of a security is less than its amortized cost basis, an impairment is considered other-than-temporary if (i) the Company has the intent to sell the security or it is more likely than not that the Company will be required to sell the security before recovery of its entire amortized cost basis, or (ii) the Company does not expect to recover the entire amortized cost of the security. If an impairment is considered other-than-temporary based on condition (i), the entire difference between the amortized cost and the fair value of the security is recognized in earnings. If an impairment is considered other-than-temporary based on condition (ii), the amount representing credit losses, defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis of the security, will be recognized in earnings, and the amount relating to all other factors will be recognized in other comprehensive income or loss. The Company evaluates both qualitative and quantitative factors such as duration and severity of the unrealized losses, credit ratings, default and loss rates of the underlying collateral, structure and credit enhancements to determine if a credit loss may exist. See also Note 2.
Inventories	i. Inventories: Inventories are valued at the lower of cost or market value. Cost is determined by the “first-in, first-out” method. Most of the inventories consist of acquired hardware.
Long-term bank deposits:	j. Long-term bank deposits: Long-term bank deposits are deposits with maturities of more than one year. These deposits are presented at cost and earn interest at market rates. The deposits and accumulated interest approximate fair value.
Property and equipment	k. Property and equipment: 1) These assets are stated at cost less accumulated depreciation. 2) The assets are depreciated by the straight-line method, on basis of their estimated useful life. Annual rates of depreciation are as follows: % Computers and electronic equipment 15-33 (mainly 33) Office furniture and equipment 6-7 Vehicles 15 Leasehold improvements are amortized by the straight-line method over the term of the lease, which is shorter than the estimated useful life of the improvements.
Goodwill	l. Goodwill: Goodwill reflects the excess of the purchase price of subsidiaries acquired over the fair value of net assets acquired. Under Accounting Standards Codification (“ASC”) 350, “Intangibles – Goodwill and Others”, goodwill is not amortized but rather tested for impairment at least annually. The Company has a single reporting unit and consequently evaluates goodwill for impairment based on an evaluation of the fair value of the Company as a whole. The Company performs annual testing for impairment of the goodwill during the third quarter of each year, see also Note 4.
Income taxes	m. Income taxes: The Company accounts for income taxes, in accordance with the provisions of ASC 740 “Income Taxes”, under the liability method of accounting. Under the liability method, deferred taxes are determined based on the differences between the financial statement and tax basis of assets and liabilities at enacted tax rates in effect in the year in which the differences are expected to reverse. Valuation allowances are established, when necessary, to reduce deferred tax assets to amounts expected to be realized. Deferred tax liabilities and assets are classified as non-current. For uncertain tax positions, the Company follows a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate resolution. The Company’s policy is to include interest and penalties related to unrecognized tax benefits within income tax expense.
Revenue recognition	n. Revenue recognition The Company’s revenues consist of revenues generated from software licensing, sales of professional services, including integration and implementation, sales of third-party hardware and software, maintenance services, managed services and training. The Company adopted ASC 606 , The Company recorded an increase to accumulated deficit of $435 thousand, on January 1, 2018 due to the cumulative effect of the ASC 606 adoption. Under ASC 606, revenue is measured as the amount of consideration the Company expects to be entitled to, in exchange for transferring products or providing services to its customers and is recognized when performance obligations under the terms of contracts with the Company’s customers are satisfied. ASC 606 prescribes a five-step model for recognizing revenue from contracts with customers: (i) identify contract(s) with the customer; (ii) identify the separate performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the separate performance obligations in the contract; and (v) recognize revenue when (or as) each performance obligation is satisfied. i) Licenses Revenue from perpetual licenses is classified as software license revenue. Software license revenue is recognized up front upon delivery of the licensed product and the utility that enables the customer to access authorization keys, provided that a signed contract has been received. ii) Services Revenue from training, support and other services is recognized as the services are performed. For contracts in which the service consists of a single performance obligation, such as providing a training class to a customer, the Company recognizes revenue upon completion of the performance obligation. For service contracts that are longer in duration and often include multiple performance obligations (for example, both training and consulting), the Company measures the progress toward completion of the obligations and recognizes revenue accordingly. In measuring progress towards the completion of performance obligations, the Company typically utilizes output-based estimates for services with contractual billing arrangements that are not based on time and materials, and estimates output based on the total tasks completed as compared to the total tasks required for each work contract. Input-based estimates are utilized for services that involve general consultations with contractual billing arrangements based on time and materials, utilizing direct labor as the input measure. Contracts may include a combination of the Company’s various products and services offerings, software, consulting services, and maintenance. For contracts with multiple performance obligations, the Company accounts for individual performance obligations separately if they are distinct. Significant judgment may be required to identify distinct obligations within a contract. The total transaction price is allocated to the individual performance obligations based on the ratio of the relative established standalone selling prices (SSP), or the Company’s best estimate of SSP, of each distinct product or service in the contract. Revenue is then recognized for each distinct performance obligation. iii) Managed Services Revenues from managed services include a monthly fee for services and a right to access the Company’s software and are recorded as service revenues. The Company does not provide the customer with the contractual right to take possession of the software at any time during the period under these contracts. The monthly fee is based mainly on the number of subscribers or customer’s business volume and the contracts include a minimum monthly charge. These revenues are recognized on a monthly basis when those services are satisfied.
Research and development expenses	o. Research and development expenses: Pursuant to ASC 985-20, “Software - Costs of Software to be Sold, Leased, or Marketed”, development costs related to software products are expensed as incurred until the “technological feasibility” of the product has been established. Because of the relatively short time period between “technological feasibility” and product release, and the insignificant amount of costs incurred during such period, no software development costs have been capitalized.
Allowance for doubtful accounts	p. Allowance for doubtful accounts: The allowance is determined for specific debts doubtful of collection.
Share-based compensation	q. Share-based compensation: The Company accounts for share-based compensation in accordance with ASC 718, “Compensation - Stock Compensation”, which requires the measurement and recognition of compensation expense based on estimated fair values for all share-based payment awards made to employees. 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 periods in the Company’s consolidated statements of operations. The Company recognizes compensation cost for an award with only service conditions that has a graded vesting schedule using the straight-line method over the requisite service period for the entire award, net of estimated forfeitures.
Earnings per share ("EPS")	r. Earnings per share (“EPS”): Basic EPS is computed by dividing net income by the weighted average number of shares outstanding during the year, net of treasury shares. Diluted EPS reflects the increase in the weighted average number of shares outstanding that would result from the assumed exercise of employee stock options, calculated using the treasury-stock-method.
Treasury shares	s. Treasury shares: Treasury shares are presented as a reduction in shareholders’ equity, at their cost to the Company, under “Treasury shares”.
Concentration of credit risks	t. Concentration of credit risks: Most of the Company’s and its subsidiaries’ cash and cash equivalents as of December 31, 2018 and 2017 were deposited with Israeli, European and U.S. banks. The Company is not aware of any specific credit risks in respect of these banks. The Company’s revenues have been generated from a large number of customers. Consequently, the exposure to credit risks relating to trade receivables is limited. The Company performs ongoing credit evaluations of its customers for the purpose of determining the appropriate allowance for doubtful accounts.
Recently issued accounting pronouncements	u. Recently Issued accounting pronouncements: In February 2016, the Financial Accounting Standards Board (the “FASB”) issued ASC Update (“ASU”) No. 2016-02, “Leases (Topic 842)”. The purpose of ASU 2016-02 is to increase the transparency and comparability among organizations by recognizing lease assets and liabilities on the balance sheet, including those previously classified as operating leases under current U.S. GAAP, and disclosing key information about leasing arrangements. Topic 842, as amended, is effective for public entities for annual periods beginning after December 15, 2018, including interim periods within those annual periods. The Company currently plans to adopt the standard using the transition method provided by ASU No. 2018-11, Leases (Topic 842): Targeted Improvements. Under this method, The Company will initially apply the new leasing rules on January 1, 2019, rather than at the earliest comparative period presented in the financial statements. Prior periods presented will be in accordance with the existing lease guidance. Upon transition, the Company plans to apply the package of practical expedients permitted under Topic 842 transition guidance to our entire lease portfolio at January 1, 2019. As a result, the Company is not required to reassess (i) whether any expired or existing contracts are or contain leases, (ii) the classification of any expired or existing leases, and (iii) initial direct costs for any existing leases. As a result of adopting Topic 842, the Company expects to recognize additional right-of-use assets and corresponding liabilities on its consolidated balance sheets of approximately $794 thousand, with no material impact to its consolidated statements of operations or consolidated statements of cash flows. In August 2018, the FASB issued new guidance related to the disclosure requirements for fair value measurements. This guidance modifies the disclosure requirements for fair value measurements by removing, modifying, and/or adding certain disclosures and is effective for the first interim period within annual fiscal years beginning after December 15, 2019 (The Company’s fiscal 2020). Early adoption related to modifying existing disclosures is permitted while delaying adoption of the additional disclosures until the effective date. This guidance will not have a material impact on the Company’s consolidated financial statements. In August 2018, the FASB issued new guidance related to the disclosure requirements for defined benefit pension or other postretirement plans. This guidance modifies the disclosure requirements for defined benefit plans by removing, modifying, and/or adding certain disclosures and is effective for fiscal years beginning after December 15, 2020 (fiscal 2021 for the Company) with early adoption permitted. These amendments must be applied on a retrospective basis for all periods presented. The Company is currently evaluating how this guidance will impact the disclosures related to the Company’s defined benefit plans. This guidance will not have a material impact on the Company’s consolidated financial statements. In November 2018, the FASB issued ASU No. 2018-18, “Collaborative Arrangements”. ASU 2018-18 clarifies the interaction between collaborative arrangements and the new revenue standards. ASU 2018-18 will be effective for the Company on October 1, 2020, and early adoption is permitted. The Company is currently evaluating the impact of adoption of ASU 2018-18 on its consolidated financial statements.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2018
Significant Accounting Policies [Abstract]
Schedule of annual rates of depreciation property and equipment	% Computers and electronic equipment 15-33 (mainly 33) Office furniture and equipment 6-7 Vehicles 15

Marketable Securities (Tables)

Marketable Securities (Tables)	12 Months Ended
	Dec. 31, 2018
Marketable Securities [Abstract]
Schedule of marketable securities	December 31, Maturity year 2 0 1 8 2 0 1 7 U.S. dollars in thousands Short-term (a): Municipal bond $ 3,325 $ 4,806 Corporate bond 1,027 1,072 $ 4,352 $ 5,878 Long-term security bond (b) Perpetual $ 105 $ 544 (a) The Company invests in highly-rated marketable securities, and its policy limits the amount of credit exposure to any one issuer. The Company’s investment policy requires investments to be investment grade, rated single - A or better, with the objective of minimizing the potential risk of principal loss. Fair values were determined for each individual security in the investment portfolio based on quoted prices in active markets. (b) As of December 31, 2018 the Company held a long-term security bond which is classified as available-for-sale security and presented at fair value. The fair value of the available-for-sale security based on quoted prices in active markets for identical instruments (Level 1 as defined under ASC 820, “Fair Value Measurement”).

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2018
Property and Equipment [Abstract]
Schedule of composition of assets, grouped by major classification	December 31, 2 0 1 8 2 0 1 7 U.S. dollars in thousands Computers and electronic equipment $ 1,892 $ 1,848 Office furniture and equipment 155 155 Vehicles 122 146 Leasehold improvements 22 18 2,191 2,167 Less - accumulated depreciation and amortization (2,027 ) (1,965 ) $ 164 $ 202
Schedule of property and equipment by geographical location	December 31, 2 0 1 8 2 0 1 7 U.S. dollars in thousands Israel $ 76 $ 85 Romania 88 116 United States - 1 $ 164 $ 202

Employees' Rights Upon Retire_2

Employees' Rights Upon Retirement (Tables)	12 Months Ended
	Dec. 31, 2018
Employees' Rights Upon Retirement [Abstract]
Summary of amounts accrued and the portions funded, with severance pay funds and by the insurance policies	December 31, 2 0 1 8 2 0 1 7 U.S. dollars in thousands Accrued severance pay $ 1,517 $ 1,712 Less - amounts funded (presented in “investment and other non-current assets”) (1,439 ) (1,642 ) Unfunded balance $ 78 $ 70

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Dec. 31, 2018
Commitments [Abstract]
Schedule of future minimum lease commitments	U.S. dollars in thousands Years ending December 31: 2019 $ 492 2020 199 2021 48 2022 48 2023-2025 104 $ 891

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2018
Shareholders' Equity [Abstract]
Summary of the status of the 2011 share incentive plan	Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 Number Weighted average exercise price Number Weighted average exercise price Number Weighted average exercise price Options outstanding at beginning of year 813,100 $ 1.490 875,500 $ 1.600 710,300 $ 2.510 Changes during year: Granted (a) 118,000 $ 0.003 90,000 $ 0.650 344,000 $ 0.003 Exercised (131,800 ) $ 0.003 (46,000 ) $ 1.150 (59,000 ) $ 1.450 Forfeited (74,100 ) $ 0.500 (78,400 ) $ 1.410 (117,800 ) $ 2.490 Expired (51,000 ) $ 2.950 (28,000 ) $ 2.950 (2,000 ) $ 2.160 Options outstanding at end of year 674,200 $ 1.46 813,100 $ 1.490 875,500 $ 1.600 Options exercisable at end of year 350,000 $ 2.630 303,000 $ 2.900 246,500 $ 2.870 Vested and expected to vest at end of year 637,361 $ 1.540 Weighted average grant date fair value of options granted during the year (b) $ 1.46 $ 1.30 $ 1.46 (a) In the year ended December 31, 2018, the options were granted with an exercise price equal to NIS 0.01. In the year ended December 31, 2017, the options were granted with an exercise price equal to the average closing price per share of the Company’s ordinary shares on the stock market during the 30-day trading period immediately preceding the date of grant of such option, or with an exercise price equal to par value of NIS 0.01. In the year ended December 31, 2016, the options were granted with an exercise price equal to par value of NIS 0.01. (b) The fair value of each stock option granted is computed on the date of grant according to the Black-Scholes option-pricing model with the following assumptions:
Summary of fair value of each stock option granted is computed on the date of grant according to the Black-Scholes option-pricing model	Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 Dividend yield 11 % 11 % 11 % Expected volatility* 28 % 35 % 35 % Average risk-free interest rate 2.6 % 1.9 % 2.0 % Expected average term - in years 3.88 3.88 3.88 * Volatility is based on historical volatility of the Company’s share price for periods matching the expected term of the option until exercise.
Summary of information about options outstanding and exercisable	Options Outstanding Options Exercisable Range of exercise prices Number outstanding at December 31, Weighted average remaining contractual Weighted average exercise Number exercisable at December 31, Weighted average remaining contractual life Weighted average exercise Years Years $ 0.003 334,200 3.46 $ 0.003 37,000 2.84 $ 0.003 $ 2.425 – 2.947 340,000 0.92 $ 2.90 313,000 0.86 $ 2.94

Taxes on Income (Tables)

Taxes on Income (Tables)	12 Months Ended
	Dec. 31, 2018
Taxes on Income [Abstract]
Schedule of reduced flat tax rate	Tax Year Development Other Areas 2011-2012 10 % 15 % 2013 7 % 12.5 % 2014 and thereafter 9 % 16 %
Schedule of deferred income taxes	December 31 2 0 1 8 2 0 1 7 U.S. dollars in thousands Research and development expenses $ 25 $ 23 Carryforward tax losses 964 1,738 Other 9 9 Less - valuation allowance (964 ) (1,738 ) $ 34 $ 32
Schedule of taxes on income included in statements of operations	Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands Current: In Israel $ 396 $ 491 $ 945 Outside Israel 44 43 78 440 534 1,023 Taxes in respect of previous years - - - Deferred taxes in Israel (2 ) 63 146 $ 438 $ 597 $ 1,169
Schedule of reconciliation of theoretical tax expense	Years ended December 31, 2018 2 0 1 7 2 0 1 6 U.S. dollars in thousands Income before taxes on income, as reported in the statements of operations* $ 5,572 $ 6,209 $ 5,372 Theoretical tax expense 1,281 1,428 1,343 Less - tax benefits arising from Technologic Preferred Enterprise or Approved Enterprise status, see b. above (772 ) (1,110 ) (208 ) 509 318 1,135 Increase (decrease) in taxes resulting from permanent differences: Disallowable deductions 44 41 42 Changes in valuation allowance (106 ) 244 373 Changes in taxes resulting from computation of deferred taxes at a rate which is different from the theoretical rate and other (9 ) (6 ) (381 ) Taxes on income for the reported years: $ 438 $ 597 $ 1,169 * As follows: Taxable in Israel 4,751 $ 5,162 $ 4,406 Taxable outside Israel 821 1,047 966 $ 5,572 $ 6,209 $ 5,372

Supplementary Balance Sheet I_2

Supplementary Balance Sheet Information (Tables)	12 Months Ended
	Dec. 31, 2018
Supplementary Balance Sheet Information [Abstract]
Schedule of cash cash equivalents and deposits	December 31, 2 0 1 8 2 0 1 7 U.S. dollars in thousands Cash $ 1,389 $ 2,744 Cash equivalents 314 159 Total cash $ 2,739 $ 5,014 Short term deposits (a) $ 8,714 $ 6,102 Long term deposit (b) $ 98 $ 101 Total $ 11,551 $ 11,217 (a) The average rate of short-term deposits is 2.92%. (b) The deposit maturity is June 2020 and the rate is 1.8%.
Schedule of accounts receivable, other	December 31, 2 0 1 8 2 0 1 7 U.S. dollars in thousands Government $ 227 $ 659 Employees 19 25 Sundry 314 159 $ 560 $ 843
Schedule of accounts payable and accruals - other	December 31, 2 0 1 8 2 0 1 7 U.S. dollars in thousands Payroll and related expenses $ 899 $ 507 Government institutions 218 208 Accrued vacation pay 79 52 Accrued expenses and sundry 305 70 $ 1,501 $ 837

Selected Statement of Operati_2

Selected Statement of Operations Data (Tables)	12 Months Ended
	Dec. 31, 2018
Selected Statement of Operations Data [Abstract]
Schedule of revenues classified by product lines	Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands Product line “A” $ 14,923 $ 14,722 $ 14,544 Product line “B” 3,212 3,340 3,508 $ 18,135 $ 18,062 $ 18,052
Schedule of geographical revenues classified by geographical location of the customers	Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands United States $ 13,130 $ 12,995 $ 12,711 Europe 3,328 3,181 3,333 Israel 884 977 880 Other 793 909 1,128 $ 18,135 $ 18,062 $ 18,052
Schedule of research and development expenses	Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands Payroll and related expenses $ 3,136 $ 2,788 $ 2,682 Rent and related expenses 335 280 330 Depreciation and amortization 34 37 53 Subcontracting 87 165 307 Other 155 147 145 $ 3,747 $ 3,417 $ 3,517
Schedule of selling and marketing expenses	Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands Payroll and related expenses $ 978 $ 953 $ 911 Depreciation and amortization 6 5 5 Travel and conventions 67 58 71 Other 217 234 118 $ 1,268 $ 1,250 $ 1,105
Schedule of general and administrative expenses	Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands Payroll and related expenses $ 1,026 $ 1,105 $ 1,039 Depreciation and amortization 15 16 18 Insurance 36 42 50 Office expenses 53 58 69 Professional services 333 326 242 Allowance for doubtful accounts and bad debts - - (245 ) Other 161 129 220 $ 1,624 $ 1,676 $ 1,393
Schedule of financial income (expense) - net	Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 U.S. dollars in thousands Income: Interest on bank deposits and short-term investments $ 208 $ 75 $ 49 Non-dollar currency gains - net - 415 13 Income from marketable securities 77 136 143 Realized gain from sale of available-for-sale securities 28 - - Interest on available-for-sale securities 27 42 58 340 668 263 Expenses: Non-dollar currency losses - net (107 ) - - Realized loss from sale of available-for-sale securities - (24 ) (84 ) Bank commissions and charges (11 ) (14 ) (13 ) (118 ) (38 ) (97 ) $ 222 $ 630 $ 166
Schedule of earnings per ordinary share (''EPS'')	Years ended December 31, 2 0 1 8 2 0 1 7 2 0 1 6 in thousands Weighted average number of shares issued and 19,344 19,292 19,234 Add - incremental shares from assumed exercise of 217 267 73 Weighted average number of shares used in 19,561 19,559 19,307

Significant Accounting Polici_4

Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2018
Computers and electronic equipment [Member] | Minimum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment, depreciation percentage	15.00%
Computers and electronic equipment [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment, depreciation percentage	33.00%
Office furniture and equipment [Member] | Minimum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment, depreciation percentage	6.00%
Office furniture and equipment [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment, depreciation percentage	7.00%
Vehicles [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment, depreciation percentage	15.00%

Significant Accounting Polici_5

Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	Jan. 03, 2018	Dec. 31, 2018
Significant Accounting Policies (Textual)
Additional right-of-use		$ 794
Cumulative effect of accumulated deficit	$ 435

Marketable Securities (Details)

Marketable Securities (Details) - USD ($) $ in Thousands		Dec. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Short-term	[1]	$ 4,352	$ 5,878
Long-term - security bond	[2]	105	544
Municipal bond [Member]
Schedule of Available-for-sale Securities [Line Items]
Short-term	[1]	3,325	4,806
Corporate bond [Member]
Schedule of Available-for-sale Securities [Line Items]
Short-term	[1]	$ 1,027	$ 1,072
[1]	The Company invests in highly-rated marketable securities, and its policy limits the amount of credit exposure to any one issuer. The Company's investment policy requires investments to be investment grade, rated single - A or better, with the objective of minimizing the potential risk of principal loss. Fair values were determined for each individual security in the investment portfolio based on quoted prices in active markets.
[2]	As of December 31, 2018 the Company held a long-term security bond which is classified as available-for-sale security and presented at fair value. The fair value of the available-for-sale security based on quoted prices in active markets for identical instruments (Level 1 as defined under ASC 820, "Fair Value Measurement").

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,191	$ 2,167
Less - accumulated depreciation and amortization	(2,027)	(1,965)
Property and equipment, net	164	202
Computers and electronic equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,892	1,848
Office furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	155	155
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	122	146
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 22	$ 18

Property and Equipment (Detai_2

Property and Equipment (Details 1) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Net	$ 164	$ 202
Israel [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Net	76	85
Romania [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Net	88	116
United States [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Net	$ 0	$ 1

Property and Equipment (Detai_3

Property and Equipment (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property and Equipment (Textual)
Depreciation and amortization expenses	$ 84	$ 104	$ 161

Employees' Rights Upon Retire_3

Employees' Rights Upon Retirement (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Employees' Rights Upon Retirement [Abstract]
Accrued severance pay	$ 1,517	$ 1,712
Less - amounts funded (presented in "investment and other non-current assets'')	(1,439)	(1,642)
Unfunded balance	$ 78	$ 70

Employees' Rights Upon Retire_4

Employees' Rights Upon Retirement (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Employees' Rights Upon Retirement (Textual)
Severance pay expenses	$ 113	$ (145)	$ (123)
Employee severance [Member]
Employees' Rights Upon Retirement (Textual)
Severance pay expenses	$ 134	$ 113	$ 169

Commitments (Details)

Commitments (Details) $ in Thousands	Dec. 31, 2018USD ($)
Years ending December 31:
2019	$ 492
2020	199
2021	48
2022	48
2023-2025	104
Future minimum lease commitments	$ 891

Commitments (Details Textual)

Commitments (Details Textual)	12 Months Ended
	Dec. 31, 2018
Commitments (Textual)
Operation lease, description	Lease agreements that will expire between 2019 and 2025.

Shareholders' Equity (Details)

Shareholders' Equity (Details) - Common Stock [Member] - $ / shares		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, outstanding at beginning of year		813,100	875,500	710,300
Number of options, granted	[1]	118,000	90,000	344,000
Number of options, exercised		(132,000)	(46,000)	(59,000)
Number of options, forfeited		(74,100)	(78,400)	(117,800)
Number of options, expired		(51,000)	(28,000)	(2,000)
Number of options, outstanding at end of year		674,200	813,100	875,500
Number of options, exercisable at end of year		350,000	303,000	246,500
Vested and expected to vest at end of year, Number		637,361
Weighted average exercise price, options outstanding at beginning of year		$ 1.49	$ 1.60	$ 2.51
Weighted average exercise price, options granted		0.003	0.65	0.003
Weighted average exercise price, options exercised		0.003	1.15	1.45
Weighted average exercise price, options forfeited		0.5	1.41	2.49
Weighted average exercise price, options expired		2.95	2.95	2.16
Weighted average exercise price, options outstanding at end of year		1.46	1.49	1.60
Weighted average exercise price, options exercisable at end of year		2.63	2.90	2.87
Vested and expected to vest at end of year, Weighted average exercise price		1.540
Weighted average grant date fair value of options granted during the year	[2]	$ 1.46	$ 1.30	$ 1.46
[1]	In the year ended December 31, 2018, the options were granted with an exercise price equal to NIS 0.01. In the year ended December 31, 2017, the options were granted with an exercise price equal to the average closing price per share of the Company's ordinary shares on the stock market during the 30-day trading period immediately preceding the date of grant of such option, or with an exercise price equal to par value of NIS 0.01. In the year ended December 31, 2016, the options were granted with an exercise price equal to par value of NIS 0.01.
[2]	The fair value of each stock option granted is computed on the date of grant according to the Black-Scholes option-pricing model with the following assumptions:

Shareholders' Equity (Details 1

Shareholders' Equity (Details 1)		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Shareholders' Equity [Abstract]
Dividend yield		11.00%	11.00%	11.00%
Expected volatility	[1]	28.00%	35.00%	35.00%
Average risk-free interest rate		2.60%	1.90%	2.00%
Expected average term - in years		3 years 10 months 17 days	3 years 10 months 17 days	3 years 10 months 17 days
[1]	Volatility is based on historical volatility of the Company's share price for periods matching the expected term of the option until exercise.

Shareholders' Equity (Details 2

Shareholders' Equity (Details 2)	12 Months Ended
	Dec. 31, 2018$ / sharesshares
0.003 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices (Lower Range Limit)	$ 0.003
Options Outstanding, Number outstanding at December 31, 2 0 1 8 | shares	334,200
Options Outstanding, Weighted average remaining contractual life (Year)	3 years 5 months 16 days
Options Outstanding, Weighted average exercise price	$ 0.003
Options Exercisable, Number exercisable at December 31, 2 0 1 8 | shares	37,000
Options Exercisable, Weighted average remaining contractual life (Years)	2 years 10 months 3 days
Options Exercisable, Weighted average exercise price	$ 0.003
2.425 - 2.947 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices (Lower Range Limit)	2.425
Range of exercise prices (Upper Range Limit)	$ 2.947
Options Outstanding, Number outstanding at December 31, 2 0 1 8 | shares	340,000
Options Outstanding, Weighted average remaining contractual life (Year)	11 months 1 day
Options Outstanding, Weighted average exercise price	$ 2.90
Options Exercisable, Number exercisable at December 31, 2 0 1 8 | shares	313,000
Options Exercisable, Weighted average remaining contractual life (Years)	10 months 10 days
Options Exercisable, Weighted average exercise price	$ 2.94

Shareholders' Equity (Details T

Shareholders' Equity (Details Textual) $ / shares in Units, $ in Thousands	12 Months Ended			16 Months Ended
	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)$ / shares	Dec. 31, 2009USD ($)shares	Dec. 31, 2011₪ / sharesshares
Shareholders' Equity (Textual)
Purchased an aggregate amount of ordinary shares | shares				3,165,092
Total consideration				$ 2,800
Dividends paid per share | $ / shares	$ 0.30	$ 0.32	$ 0.27
Compensation costs	$ 224	$ 182	$ 137
Total unrecognized compensation costs	$ 422
Total compensation cost not yet recognized, weighted average period for recognition	1 year 5 months 9 days
Exercise of options issued to employees from treasury shares	$ 39	$ 53	85
Treasury shares | shares	2,220,792	2,352,592
Treasury value	$ 1,515	$ 1,554
Total intrinsic value of options exercised	226	70	51
Aggregate intrinsic value of the outstanding options	$ 738
Options not exercised, expiration period after the day of grant	5 years
Aggregate intrinsic value of the exercisable options	$ 84
Paid dividends to shareholders	$ 5,800	$ 6,200	$ 5,200
Minimum [Member]
Shareholders' Equity (Textual)
Outstanding options granted, vesting period	2 years
Maximum [Member]
Shareholders' Equity (Textual)
Outstanding options granted, vesting period	4 years
2011 Share Incentive Plan [Member]
Shareholders' Equity (Textual)
Options for ordinary shares | shares					1,800,000
Par value granted to employees | ₪ / shares					₪ 0.01
Options granted exercise price of ordinary shares, description	The options were granted with an exercise price equal to NIS 0.01.	The options were granted with an exercise price equal to the average closing price per share of the Company's ordinary shares on the stock market during the 30-day trading period immediately preceding the date of grant of such option, or with an exercise price equal to par value of NIS 0.01.	The options were granted with an exercise price equal to par value of NIS 0.01.

Taxes on Income (Details)

Taxes on Income (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Development Region ''A'' [Member]
Income Tax Expenses Benefit [Line Items]
Reduced flat tax rate	9.00%	7.00%	10.00%
Other Areas within Israel [Member]
Income Tax Expenses Benefit [Line Items]
Reduced flat tax rate	16.00%	12.50%	15.00%

Taxes on Income (Details 1)

Taxes on Income (Details 1) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Taxes on Income [Abstract]
Research and development expenses	$ 25	$ 23
Carryforward tax losses	964	1,738
Other	9	9
Less - valuation allowance	(964)	(1,738)
Deferred income taxes	$ 34	$ 32

Taxes on Income (Details 2)

Taxes on Income (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Expenses Benefit [Line Items]
Current income tax expense benefit	$ 440	$ 534	$ 1,023
Taxes in respect of previous years -		0	0
Deferred taxes in Israel	(2)	63	146
Income tax expense benefit	438	597	1,169
In Israel [Member]
Income Tax Expenses Benefit [Line Items]
Current state and local tax expense benefit	396	491	945
Outside Israel [Member]
Income Tax Expenses Benefit [Line Items]
Current foreign tax expense benefit	$ 44	$ 43	$ 78

Taxes on Income (Details 3)

Taxes on Income (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Taxes on Income [Abstract]
Income before taxes on income, as reported in the statements of operations	$ 5,572	$ 6,209	$ 5,372
Theoretical tax expense	1,281	1,428	1,343
Less - tax benefits arising from Technologic Preferred Enterprise or Approved Enterprise status, see b. above	(772)	(1,110)	(208)
Theoretical tax expense net of tax benefits	509	318	1,135
Increase (decrease) in taxes resulting from permanent differences:
Disallowable deductions	44	41	42
Changes in valuation allowance	(106)	244	373
Changes in taxes resulting from computation of deferred taxes at a rate which is different from the theoretical rate and other	(9)	(6)	(381)
Taxes on income for the reported years:	438	597	1,169
As follows:
Taxable in Israel	4,751	5,162	4,406
Taxable outside Israel	821	1,047	966
Total	$ 5,572	$ 6,209	$ 5,372

Taxes on Income (Details Textua

Taxes on Income (Details Textual) € in Thousands, $ in Millions	1 Months Ended	12 Months Ended
	Apr. 30, 2017EUR (€)	Dec. 31, 2018USD ($)	Dec. 31, 2016	Dec. 31, 2011
Income Tax Expenses Benefit [Line Items]
Tax rate on dividends distributed to individuals and foreign residents		15.00%
Subject to tax rate		7.50%
Israeli resident corporations [Member]
Income Tax Expenses Benefit [Line Items]
Withholding tax rate		0.00%
Israeli resident individuals [Member]
Income Tax Expenses Benefit [Line Items]
Withholding tax rate		15.00%
Non-Israeli residents [Member]
Income Tax Expenses Benefit [Line Items]
Withholding tax rate		15.00%
Subsidiaries [Member]
Income Tax Expenses Benefit [Line Items]
Tax credit carryforward, amount | $		$ 4.7
DIROT [Member]
Income Tax Expenses Benefit [Line Items]
Sale of capital (losses) gain | €	€ 1,100
2011 Amendment [Member]
Income Tax Expenses Benefit [Line Items]
Tax rate				25.00%
January 1, 2014 [Member]
Income Tax Expenses Benefit [Line Items]
Tax rate on dividends distributed to individuals and foreign residents		20.00%
Development Area A [Member]
Income Tax Expenses Benefit [Line Items]
Tax rate		9.00%
Other Areas within Israel [Member]
Income Tax Expenses Benefit [Line Items]
Tax rate		16.00%
In Israel [Member]
Income Tax Expenses Benefit [Line Items]
Tax rate			22.00%
January 2016 legislation to amend [Member] | January 1, 2016 [Member]
Income Tax Expenses Benefit [Line Items]
Effective income tax rate reconciliation, deductions, dividends		1.50%
Tax rate		25.00%
December 2016 legislation to amend [Member] | January 1 2017 [Member]
Income Tax Expenses Benefit [Line Items]
Tax rate		24.00%
December 2016 legislation to amend [Member] | January 1 2018 [Member]
Income Tax Expenses Benefit [Line Items]
Tax rate		23.00%

Supplementary Balance Sheet I_3

Supplementary Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash, cash equivalents and deposits [Abstract]
Cash	$ 1,389	$ 2,744
Cash equivalents	314	159
Total cash	2,739	5,014	$ 9,165	$ 11,475
Short term deposits	8,714	6,102
Long term deposit	98	101
Total	$ 11,551	$ 11,217

Supplementary Balance Sheet I_4

Supplementary Balance Sheet Information (Details 1) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accounts receivable other:
Accounts receivable other	$ 560	$ 843
Government [Member]
Accounts receivable other:
Accounts receivable other	227	659
Employees [Member]
Accounts receivable other:
Accounts receivable other	19	25
Sundry [Member]
Accounts receivable other:
Accounts receivable other	$ 314	$ 159

Supplementary Balance Sheet I_5

Supplementary Balance Sheet Information (Details 2) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accounts payable and accruals - other:
Payroll and related expenses	$ 899	$ 507
Government institutions	218	208
Accrued vacation pay	79	52
Accrued expenses and sundry	305	70
Accounts payable and accruals - other	$ 1,501	$ 837

Supplementary Balance Sheet I_6

Supplementary Balance Sheet Information (Details Textual)	12 Months Ended
	Dec. 31, 2018
Supplementary Balance Sheet Information (Textual)
Average rate of short-term deposit	2.29%
Deposit maturity	Jun. 30, 2020
Deposit maturity rate	1.80%

Selected Statement of Operati_3

Selected Statement of Operations Data (Details ) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues	$ 18,135	$ 18,062	$ 18,052
Product line "A" [Member]
Revenues	14,923	14,722	14,544
Product line "B" [Member]
Revenues	$ 3,212	$ 3,340	$ 3,508

Selected Statement of Operati_4

Selected Statement of Operations Data (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues	$ 18,135	$ 18,062	$ 18,052
United States [Member]
Revenues	13,130	12,995	12,711
Europe [Member]
Revenues	3,328	3,181	3,333
Israel [Member]
Revenues	884	977	880
Other [Member]
Revenues	$ 793	$ 909	$ 1,128

Selected Statement of Operati_5

Selected Statement of Operations Data (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Research and development expenses:
Research and development expenses	$ 3,747	$ 3,417	$ 3,517
Research and development expense [Member]
Research and development expenses:
Payroll and related expenses	3,136	2,788	2,682
Rent and related expenses	335	280	330
Depreciation and amortization	34	37	53
Subcontracting	87	165	307
Other	$ 155	$ 147	$ 145

Selected Statement of Operati_6

Selected Statement of Operations Data (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Selling and marketing expenses:
Selling and marketing expenses	$ 1,268	$ 1,250	$ 1,105
Selling and marketing expense [Member]
Selling and marketing expenses:
Payroll and related expenses	978	953	911
Depreciation and amortization	6	5	5
Travel and conventions	67	58	71
Other	$ 217	$ 234	$ 118

Selected Statement of Operati_7

Selected Statement of Operations Data (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
General and administrative expenses:
General and administrative expenses	$ 1,624	$ 1,676	$ 1,393
General and administrative expense [Member]
General and administrative expenses:
Payroll and related expenses	1,026	1,105	1,039
Depreciation and amortization	15	16	18
Insurance	36	42	50
Office expenses	53	58	69
Professional services	333	326	242
Allowance for doubtful accounts and bad debts	0	0	(245)
Other	$ 161	$ 129	$ 220

Selected Statement of Operati_8

Selected Statement of Operations Data (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income:
Interest on bank deposits and short-term investments	$ 208	$ 75	$ 49
Non-dollar currency gains - net	0	415	13
Income from marketable securities	77	136	143
Realized gain from sale of available-for-sale securities	28	0	0
Interest on available-for-sale securities	27	42	58
Other Nonoperating Income	340	668	263
Expenses:
Non-dollar currency losses - net	(107)	0	0
Realized loss from sale of available-for-sale securities	0	(24)	(84)
Bank commissions and charges	(11)	(14)	(13)
Other Nonoperating Expense	(118)	(38)	(97)
Financial income (expense) - net	$ 222	$ 630	$ 166

Selected Statement of Operati_9

Selected Statement of Operations Data (Details 6) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Earnings per ordinary share (''EPS''):
Weighted average number of shares issued and outstanding - used in computation of basic EPS	19,344	19,292	19,234
Add - incremental shares from assumed exercise of options	217	267	73
Weighted average number of shares used in computation of diluted EPS	19,561	19,559	19,307

Selected Statement of Operat_10

Selected Statement of Operations Data (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total Revenues	$ 17,959
Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	334,200	354,000	489,500

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Related Parties (Textual)
Accrual amount	$ 240	$ 240
Salary expenses, cash bonus and directors' fee to its related parties in the amount	$ 557	$ 558	$ 596

Subsequent Event (Details)

Subsequent Event (Details) $ in Millions	Mar. 31, 2019USD ($)
Subsequent Event [Member]
Subsequent Event (Textual)
Declared dividend to its shareholders	$ 5