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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net Profit (loss) $ (9,196) $ 4,955 $ (1,057)
Adjustments to profit and loss items:      
Profit from discontinued operation (80) (2,889) (4,608)
Depreciation and amortization 1,090 1,149 577
Share-based compensation 1,322 1,234 645
Revaluation of liabilities in respect of IIA grants 828 (392) 287
Revaluation of liabilities in respect of purchase of shares (433) 1,690 758
Other income from settlement agreement (7,537)
Revaluation of lease liabilities 305 340
Increase (decrease) in severance pay liability, net 33 (105) 19
Net financing income (297) (434) (412)
Un-realized foreign currency (gain) loss (211) (152) 182
Adjustments to profit and loss items, total 2,557 441 (10,089)
Changes in asset and liability items:      
Decrease (increase) in trade receivables 1,386 (3,553) (211)
Decrease in inventories 141 67 206
Decrease (increase) in other receivables (13) 6,376 (306)
Increase (decrease) in trade payables and accrued expenses (1,096) 1,355 (536)
Increase (decrease) in other payables and deferred revenues (479) 247 (161)
Changes in asset and liability items, total (61) 4,492 (1,008)
Net cash provided by (used in) continuing operating activities (6,700) 9,888 (12,154)
Net cash used in discontinued operating activities (195) (1,599)
Net cash provided by (used in) operating activities (6,895) 8,289 (12,154)
Cash Flows from Investing Activities:      
Purchase of property and equipment (923) (792) (522)
Purchase of intangible assets (12)
Interest received 274 184 106
Proceeds from (investments in) short term bank deposits, net 18,034 (5,050) (16,612)
Net cash provided by (used in) continuing investing activities 17,385 (5,658) (17,040)
Net cash used in discontinued investing activities (1,239)
Net cash provided by (used in) investing activities 17,385 (6,897) (17,040)
Cash Flows from Financing Activities:      
Repayment of leases liabilities (508) (630)
Proceeds from exercise of options [1]
Proceeds from (repayment of) IIA grants, net (121) (376) 46
Net cash provided by (used in) continuing financing activities (629) (1,006) 46
Exchange rate differences on cash and cash equivalent balances 273 140 (205)
Increase (decrease) in cash and cash equivalents from continuing activities 10,329 3,364 (29,353)
Decrease in cash and cash equivalents from discontinued activities (195) (2,838)
Balance of cash and cash equivalents at the beginning of the year 7,242 6,716 36,069
Balance of cash and cash equivalents at the end of the year 17,376 7,242 6,716
Supplement disclosure of Non-cash transactions:      
ROU asset, net recognized with corresponding lease liability 261 209
Exercise of RSU's $ 147 $ 97
[1] Represents an amount lower than $1.