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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 6,353 $ 3,194 $ 5,039
Adjustments required to reconcile net income to net cash flows provided by operating activities:      
Depreciation 1,317 1,541 1,781
Share-based compensation 363 250 203
Changes in deferred income tax assets, net 1,327 583 (2,550)
Decrease (increase) in long-term tax receivables (25) 70 (1,013)
Increase (decrease) in employee severance benefits, net 172 (25) (5)
Decrease (increase) in trade receivables, net (1,010) (3,941) 2,260
Decrease in operating lease right-of-use assets 888 779 261
Decrease in operating lease liabilities (911) (768) (195)
Decrease (increase) in other receivables and prepaid expenses (169) 437 (18)
Increase in inventories (1,139) (806) (1,023)
Increase (decrease) in trade payables 989 1,543 (451)
Increase (decrease) in other liabilities and accrued expenses 707 972 (414)
Net cash provided by operating activities 8,862 3,829 3,875
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (2,432) (3,027) (1,535)
Investment in short-term bank deposits (2,719) 0 0
Restricted deposit 192 (2) (156)
Proceeds from disposals of property and equipment and repayment from insurance 2,000 0 44
Net cash used in investing activities (2,959) (3,029) (1,647)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Short-term bank credit, net 0 0 (377)
Exercise of options 863 25 0
Dividend distribution (1,321) (994) 0
Repayment of property and equipment payables 0 0 (261)
Proceeds from long-term loans 0 0 3,063
Repayment of long-term loans (3,348) (669) (301)
Net cash provided by (used in) financing activities (3,806) (1,638) 2,124
Effect of exchange rate on cash and cash equivalents (185) (1,079) 196
Increase in cash and cash equivalents 1,912 (1,917) 4,548
Cash and cash equivalents at the beginning of the year 7,366 9,283 4,735
Cash and cash equivalents at end of the year 9,278 7,366 9,283
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES:      
Cash paid during the year for: Interest 84 129 29
Cash paid during the year for: Income taxes 37 38 57
Supplemental Disclosures of non-cash activity:      
Purchase of property and equipment in credit 2,125 324 221
Right-of-use assets recognized with corresponding lease liabilities $ 506 $ 0 $ 0