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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 5,039 $ 2,608 $ 1,793
Adjustments required to reconcile net income to net cash flows provided by operating activities:      
Depreciation 1,781 1,592 1,508
Gain on sale of property and equipment (2)
Exchange rate of long term loans 2 (38)
Share-based compensation 203 121 141
Transaction with controlling shareholder 22
Changes in deferred income tax assets, net (2,550) 33 45
Increase in long-term tax receivables (1,013)
Increase (decrease) in employee severance benefits, net (5) 47 36
Decrease (increase) in trade receivables, net 2,260 (956) (1,277)
Decrease (increase) in operating lease right-of-use assets 261 (5,868) 1,385
Increase (decrease)) in operating lease liabilities (195) 5,942 (1,388)
Decrease (increase) in other receivables and prepaid expenses (18) (556) 598
Decrease (increase) in inventories (1,023) 290 175
Increase (decrease) in trade payables (451) (449) 107
Increase (decrease) in other liabilities and accrued expenses (414) 448 (529)
Net cash provided by operating activities 3,875 3,252 2,578
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (1,535) (1,082) (931)
Restricted deposit (156) (58)
Proceeds from disposals of property and equipment and repayment from insurance 44 125
Net cash used in investing activities (1,647) (1,140) (806)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Short-term bank credit, net (377) (1,600) (4,181)
Repayment of short-term loan from shareholder (3,661) 561
Issuance of shares in rights offering, net 5,594 3,298
Repayment of long-term loans (301) (183) (891)
Proceeds from long-term loans 3,063 1,141 558
Repayment of property and equipment payables (261) (477) (477)
Net cash provided by (used in) financing activities 2,124 814 (1,132)
Effect of exchange rate on cash and cash equivalents 196 181 (4)
Increase in cash and cash equivalents 4,548 3,107 636
Cash and cash equivalents at the beginning of the year 4,735 1,628 992
Cash and cash equivalents at end of the year 9,283 4,735 1,628
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES:      
Cash paid during the year for: Interest 29 163 232
Cash paid during the year for: Income taxes 57 37 43
Non-cash activities:      
Purchase of property and equipment in credit 221 666 350
Right-of-use asset recognized with corresponding lease liability $ 377