$BOSC

BOS BETTER ONLINE SOLUTIONS LTD

CIK:0001005516|SEC Filings

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenues	$ 50,569	$ 39,949	$ 44,179
Cost of revenues	38,494	30,655	34,970
Gross profit	12,075	9,294	9,209
Operating costs and expenses:
Research and development	178	175	158
Sales and marketing	5,242	4,394	4,891
General and administrative	2,547	2,113	1,762
Other income			(52)
Impairment of Goodwill	1,200	707
Impairment of other Intangible assets		466
Total operating costs and expenses	9,167	7,855	6,759
Operating income	2,908	1,439	2,450
Financial income (expenses), net	590	(139)	(441)
Income before taxes on income	3,498	1,300	2,009
Taxes on income (tax benefit)	(113)	(1,000)	4
Net income	$ 3,611	$ 2,300	$ 2,005
Basic net income per share (in Dollars per share)	$ 0.59	$ 0.4	$ 0.35
Diluted net income per share (in Dollars per share)	$ 0.57	$ 0.39	$ 0.34
Shares (in thousands) used in calculation of earnings per share:
Basic (in Shares)	6,161	5,756	5,727
Diluted (in Shares)	6,312	5,887	5,905

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 3,611	$ 2,300	$ 2,005
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	481	560	510
Impairment of Goodwill	1,200	707
Impairment of other intangible assets		466
Interest and currency fluctuation of loans	170	(1)	(69)
Severance pay, net	234	8	86
Share-based compensation expense	144	74	98
Decrease (Increase) in trade receivables, net	(3,851)	637	(1,590)
Decrease (Increase) in other accounts receivable and other long- term assets	(241)	(167)	515
Decrease (Increase) in inventories	1,329	(1,937)	453
Increase in Deferred Tax Assets	(250)	(1,000)
Decrease in operating lease right-of-use assets, net	241	247	304
Increase in operating lease liabilities	(121)	(242)	(354)
Increase (decrease) in trade payables	416	(1,347)	(274)
Increase (decrease) in employees and payroll accruals, accrued expenses and other liabilities	564	(367)	(11)
Increase (decrease) in advances deferred revenues	1,119	1,356	156
Net cash provided by operating activities	5,046	1,294	1,829
Cash flows from investing activities:
Purchase of property and equipment	(452)	(519)	(341)
Acquisition of Proteus and Microwave’s assets (Appendix A)			(431)
Net cash (used in) investing activities	(452)	(519)	(772)
Cash flows from financing activities:
Proceeds from issuance of shares, net		69
Proceeds from exercise of options and warrants	3,618	50	102
Proceeds from short and long-term loans	621	265	93
Repayment of short and long-term loans	(463)	(167)	(584)
Net cash provided by (used in) financing activities	3,776	217	(389)
Increase (decrease) in cash, cash equivalents and restricted cash	8,370	992	668
Cash, cash equivalents and restricted cash at the beginning of the year	3,553	2,561	1,893
Cash, cash equivalents and restricted cash at the end of the year	$ 11,923	$ 3,553	$ 2,561

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 11,825	$ 3,368
Restricted cash deposits	98	185
Trade receivables (net of allowance for credit losses of $139 and $79 at December 31, 2025 and 2024, respectively)	15,638	11,787
Other receivable and prepaid expenses	1,440	1,150
Inventories	6,541	7,870
Total current assets	35,542	24,360
OTHER LONG TERM ASSETS:
Long term assets	128	177
Property and equipment, net	3,449	3,417
Operating lease right-of-use assets, net	926	779
Deferred tax assets	1,250	1,000
Other intangible assets, net	361	422
Goodwill	2,988	4,188
Total assets	44,644	34,343
CURRENT LIABILITIES:
Short term loan and Current maturities of long-term loans	775	439
Operating lease liabilities, current	251	176
Trade payables	6,778	6,362
Employees and payroll accruals	1,266	1,087
Deferred revenues	3,129	2,003
Accrued expenses and other liabilities	983	598
Total current liabilities	13,182	10,665
Long-term loans, net of current maturities	972	980
Operating lease liabilities, non-current	768	576
Long-term deferred revenues	286	293
Accrued severance pay	732	498
Total long-term liabilities	2,758	2,347
COMMITMENTS AND CONTINGENT LIABILITIES (Note 12)
Share capital:
Ordinary Shares: Authorized; 11,000,000 shares at December 31, 2025 and 2024, respectively; Issued and outstanding: 7,028,934 and : 5,792,559 shares at December 31, 2025 and 2024, respectively and additional paid-in capital	90,061	86,401
Shares to be issued	102
Accumulated other comprehensive loss	(243)	(243)
Accumulated deficit	(61,216)	(64,827)
Total shareholders’ equity	28,704	21,331
Total liabilities and shareholders’ equity	$ 44,644	$ 34,343