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		December 31
		2012				2013
A s s e t s
CURRENT ASSETS:
Cash and cash equivalents		$	2,873			$	1,841
Restricted cash			354				117
Trade receivables			3,869				2,021
Inventories			3,708				1,076
Other current assets			1,664				1,340
Total  current assets			12,468				6,935
LONG-TERM TRADE RECEIVABLES			577				662
SEVERANCE PAY FUND, net			118				6
PROPERTY AND EQUIPMENT, net			584				303
INTENGIBALE ASSETS, net			267				146
Total  assets		$	14,014			$	7,512
Liabilities and capital deficiency
CURRENT LIABILITIES:
Trade payables		$	1,383			$	1,229
Accrued expenses and other payables			4,592				4,451
Deferred income			1,555				1,204
Convertible subordinated notes, series A			1,377				12,562
Convertible subordinated notes, series B			18				44
Total current liabilities			8,925				19,490
LONG-TERM LIABILITIES:
Deferred income			717				775
Convertible subordinated notes, Series A			11,334				-
Convertible subordinated notes, Series B			510				877
Long Term Liabilities			467				-
Long-term convertible loan from shareholders			400				400
Total long-term liabilities			13,428				2,052
COMMITMENTS AND CONTINGENT LIABILITY
Total liabilities			22,353				21,542
CAPITAL DEFICIENCY
Share capital - ordinary shares of no par value			362,609				362,983
Warrants			3,588				3,588
Accumulated deficit			(368,959	)			(374,871	)
Accumulated other comprehensive income			67				(86	)
Treasury shares, at cost (2,644,839 ordinary shares)			(5,644	)			(5,644	)
Total  capital deficiency			(8,339	)			(14,030	)
Total liabilities and capital deficiency		$	14,014			$	7,512

 

 

ORCKIT COMMUNICATIONS LTD.

 

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