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INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 1,244 $ 1,032 $ 1,793
Adjustments to reconcile income to net cash flows provided by operating activities:      
Depreciation 786 748 1,508
Revaluation of long-term loans 4 (24) (38)
Stock based compensation 43 62 141
Transaction with controlling shareholder 29 22
Accrued severance pay, net 40 (9) 36
Decrease (increase) in operating lease right-of-use assets 449 (3) 1,385
Decrease in operating lease liabilities (453) (6) (1,388)
Decrease (increase) in trade receivables, net 149 (1,598) (1,277)
Decrease in other accounts receivables and prepaid expenses 187 879 598
Decrease (increase) in inventories 248 (114) 175
Increase (decrease) in trade payables (370) 194 107
Increase in deferred tax liabilities 12 45
Increase (decrease) in other accounts payables and accrued expenses 538 132 (529)
Net cash provided by operating activities 2,877 1,322 2,578
Cash flows from investing activities:      
Purchase of property and equipment (454) (250) (931)
Restricted deposits (58)
Proceeds from disposals of property and equipment and repayment from insurance 125
Net cash used in investing activities (512) (250) (806)
Cash flows from financing activities:      
Short- term bank credit, net (765) (3,394) (4,181)
Proceeds from short- term shareholder loan 555 561
Repayment of short- term shareholder loan (571)
Issuance of Share capital in rights offering, net 3,298 3,298
Repayment of long-term loans (108) (455) (891)
Proceeds from long-term loans 1,141 558
Repayment of property and equipment payables (304) (194) (477)
Net cash used in financing activities (607) (190) (1,132)
Effect of exchange rate on cash and cash equivalents 21 (37) (4)
Increase in cash and cash equivalents 1,779 845 636
Cash and cash equivalents at beginning of the period 1,628 992 992
Cash and cash equivalents at end of the period 3,407 1,837 1,628
Supplemental cash flow information:      
Interest 95 90 232
Non-cash activities:      
Purchase of property and equipment on credit 141 65 350
Right-of-use asset recognized with corresponding lease liability $ 153 $ 377