Balance Sheet

Current Liabilities	13.9m
Accounts Payable	1.2m
Accrued Liabilities	5.7m
Other Current Liabilities	7m
Non-Current Liabilities	17m
Long-Term Debt	8.7m
Other Non-Current Liabilities	8.3m

Currency: USD

	Dec-2012	Dec-2013	Dec-2014	Dec-2015	Dec-2016	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021
Assets
Cash & Cash Equivalents	5	4	11	16	11	24	18	12	9	4
Cash Equivalents	5	4	11	16	11	24	18	12	9	4
Total Receivables	6	5	4	4	3	3	4	2	1	1
Accounts Receivables	6	5	4	4	3	3	4	2	1	1
Other Receivables	0	0	0	0	0	0	0	0	0	0
Other Current Assets	4	2	1	1	1	1	2	2	2	2
Total Current Assets	15	11	17	21	15	28	23	16	12	7
PP&E Net	2	3	2	2	2	3	5	13	15	11
PP&E Gross	2	3	2	2	2	3	5	13	15	11
Accumulated Depreciation	6	7	9	10	11	12	8	10	11	11
Intangible Assets	15	13	11	10	10	11	9	9	8	4
Goodwill	23	23	21	20	19	21	21	20	22	20
Long-Term Investments	1	0	0	0	0	0	0	0	0	0
Other Long-Term Assets	4	1	1	1	1	1	3	3	3	3
Other Assets	23	23	21	20	19	21	21	20	22	20
Total Assets	59 N/A	51 -14%	52 +1%	54 +6%	48 -13%	64 +35%	60 -7%	61 +1%	59 -3%	46 -22%
Liabilities
Accounts Payable	1	1	1	1	1	1	2	1	1	1
Accrued Liabilities	4	5	4	3	3	4	5	7	7	7
Short-Term Debt	0	3	5	4	0	0	0	0	10	0
Other Current Liabilities	9	6	7	6	8	9	9	7	7	5
Total Current Liabilities	13	15	16	14	12	14	15	15	25	13
Long-Term Debt	0	0	0	0	0	0	10	10	9	9
Deferred Income Tax	4	4	3	3	2	2	2	2	2	1
Other Liabilities	7	5	2	1	2	1	1	10	11	10
Total Liabilities	24 N/A	23 -7%	20 -10%	17 -16%	16 -8%	17 +8%	28 +65%	36 +28%	47 +30%	32 -31%
Equity
Common Stock	1	1	1	2	2	2	2	2	2	4
Retained Earnings	151	161	168	173	179	195	213	231	249	272
Additional Paid In Capital	190	192	203	215	216	245	246	256	259	284
Treasury Stock	7	5	4	4	4	3	1	0	0	0
Other Equity	1	1	1	2	3	1	2	2	1	2
Total Equity	35 N/A	28 -18%	31 +10%	37 +20%	32 -15%	47 +49%	32 -32%	25 -23%	12 -51%	14 +15%
Total Liabilities & Equity	59 N/A	51 -14%	52 +1%	54 +6%	48 -13%	64 +35%	60 -7%	61 +1%	59 -3%	46 -22%
Shares Outstanding
Common Shares Outstanding	26	27	31	39	39	53	54	59	61	5

Cyren Ltd
NASDAQ:CYRN