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Interim Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:          
Net income $ 5,308 $ 7,189 $ 8,088 $ 13,216 $ 21,986
Discontinued operations, net of cash (1,163) (1,163) (1,163)
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 531 498 1,057 1,051 2,134
Deferred tax expense 296 266 226 816 1,526
Share based compensation expense 951 605 1,768 1,250 2,892
Change in provision for doubtful debts (118) (205) (29)
Loss on disposal of fixed assets 64
Changes in operating assets and liabilities:          
Trade accounts receivable, gross (2,355) (829) (8,108) 5,415 156
Inventories (3,991) 2,041 (7,014) 57 4,798
Due from related parties, net 51 103 20 66 58
Other assets (529) 513 (601) 83 (236)
Trade accounts payable 4,247 (3,345) 9,219 (3,272) (4,100)
Other current liabilities 6,569 1,253 7,765 (3,971) (3,577)
Liability for employee severance benefits, net 48 4 46 54 117
Net cash provided by operating activities of continued operations 11,126 7,017 12,466 13,397 24,626
Net cash provided by operating activities 11,126 7,017 12,466 13,397 24,626
Cash flows from investing activities:          
Investment in short-term deposits (27,500) (17,500) (51,500)
Purchase of fixed assets (365) (196) (775) (654) (1,256)
Purchase of intangible assets (122) (35) (126) (66) (106)
Net cash used in investing activities from continuing operations (27,987) (231) (18,401) (720) (52,862)
Net cash provided by investing activities of discontinued operations 1,257 1,257 1,257
Net cash provided by (used in) investing activities (27,987) 1,026 (18,401) 537 (51,605)
Cash flows from financing activities:          
Share issuance, net 16,026 16,026 16,026
Proceeds from exercise of share options 276 138 334 326 542
Dividend payment (6,551)
Net cash provided by financing activities 276 16,164 334 16,352 10,017
Effect of change in exchange rate on cash and cash equivalents (32) 36 23 47 74
Net increase (decrease) in cash and cash equivalents (16,617) 24,243 (5,578) 30,333 (16,888)
Cash and cash equivalents at beginning of the period 49,086 61,025 38,047 54,935 54,935
Cash and cash equivalents at end of the period 32,469 85,268 32,469 85,268 38,047
Supplementary cash flows information:          
Income taxes paid 12 340 211 386 666
Lease payments 260 268 530 528 1,077
Non-cash transactions:          
Fixed assets purchased with supplier credit $ 162 $ 124 $ 162 $ 124 $ 154