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CONDENSED INTERIM 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 Profit (loss) $ (3,096) $ 12,716 $ (5,557) $ 8,606 $ 4,955
Adjustments to profit and loss items:          
Profit from discontinued operation (50) (2,889)
Depreciation and amortization 271 278 539 552 1,149
Share-based compensation 346 324 519 599 1,234
Revaluation of liability in respect of IIA grants 226 (466) 424 (392) (392)
Revaluation of contingent consideration for the purchase of shares 196 1,081 348 1,322 1,690
Revaluation of lease liabilities 100 91 64 194 340
Increase (decrease) in severance pay liabilities, net 19 13 40 (10) (105)
Net financing income (81) (87) (191) (149) (434)
Un-realized foreign currency (gain) loss (51) 60 28 (70) (152)
Adjustments to profit and loss items, total 1,026 1,294 1,771 1,996 441
Changes in asset and liability items:          
Decrease (increase) in trade receivables 444 (318) 1,341 (9) (3,553)
Decrease (increase) in inventories 65 (62) (326) 146 67
Decrease (increase) in other receivables (383) 2,482 (284) 2,744 6,376
Increase (decrease) in trade payables and accrued expenses (1,004) 1,058 (1,649) 1,277 1,355
Increase in other payables and deferred revenues 133 95 86 609 247
Changes in asset and liability items, total (745) 3,255 (832) 4,767 4,492
Net cash provided by (used in) continuing operating activities (2,815) 17,265 (4,618) 15,369 9,888
Net cash provided by (used in) discontinued operating activities 50 (1,599)
Net cash provided by (used in) operating activities (2,815) 17,265 (4,618) 15,419 8,289
Cash Flows from Investing Activities:          
Purchase of property and equipment (100) (194) (244) (433) (792)
Interest received 39 14 42 44 184
Proceeds from (investment in) short term bank deposits, net 7,603 412 10,595 2,977 (5,050)
Net cash provided by (used in) continuing investing activities 7,542 232 10,393 2,588 (5,658)
Net cash used in discontinued investing activities (1,239)
Net cash provided by (used in) investing activities 7,542 232 10,393 2,588 (6,897)
Cash Flows from Financing Activities:          
Repayment of leases liabilities (153) (157) (313) (312) (630)
Proceeds from exercise of options [1]
Proceeds of IIA grant, net of repayments 248 (66) 193 (376)
Net cash (used in) provided by financing activities (153) 91 (379) (119) (1,006)
Exchange rate differences on cash and cash equivalent balances 57 (55) (26) 63 140
Cash and cash equivalents:          
Increase in cash and cash equivalents from continuing activities 4,631 17,533 5,370 17,901 3,364
Increase (decrease) in cash and cash equivalents from discontinued activities 50 (2,838)
Balance of cash and cash equivalents at the beginning of the period 7,981 7,134 7,242 6,716 6,716
Balance of cash and cash equivalents at the end of the period $ 12,612 $ 24,667 $ 12,612 $ 24,667 $ 7,242
[1] Represents less than $ 1.