XML 22 R7.htm IDEA: XBRL DOCUMENT v3.20.4
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 income (loss) $ 5,640 $ (2,339) $ (223)
Adjustments required to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Share based compensation to employees 1,436 1,148 898
Depreciation and amortization 2,289 1,223 799
Net Loss from sale of fixed asset 27 103
Severance pay, net (25) 74 (47)
Operating lease right-of-use asset 1,076 551
Increase in trade receivables, net (330) (383) (6,096)
Operating lease long-term-liabilities (1,125) (466)
Increase in other accounts receivable, long term receivable and prepaid expenses (17) (284) (192)
Decrease in costs and estimated earnings in excess of billings 995
Decrease (increase) in contract assets 513 (370) (899)
Increase (Decrease) in contract liabilities 36 (170) 366
Increase in inventories (12,820) (6,613) (3,865)
Increase in trade payables 1,872 1,439 2,610
Increase in other accounts payable, accrued expenses, long term liabilities and advances from customers 5,042 2,729 1,693
Net cash provided by (used in) operating activities from continuing operations 3,614 (3,461) (3,858)
Cash flows from investing activities:      
Purchase of property, plant and equipment (4,853) (4,092) (899)
Construction-in-process (94) (459) (308)
Consideration from fixed asset sale 254
Disposal of discontinued operations (526)
Increase (decrease) in long-term receivables and deposits 17 (56) 5
Net cash used in investing activities from continuing operations (4,930) (5,133) (948)
Cash flows from financing activities:      
Issuance of Ordinary shares, net 23,534 1,500 12,252
Exercise of warrants 800
Short-term loan 504
Transaction with non-controlling interest (534) (254)
Net cash provided by financing activities from continuing operations 24,038 966 12,798
Net cash provided by operating activities from discontinued operations 1,186
Net cash used in investing activities from discontinued operations (2)
Effect of exchange rate changes of discontinued operation on cash and cash equivalents (420)
Increase (decrease) in cash and cash equivalents and restricted cash 22,722 (7,628) 8,756
Cash and cash equivalents and restricted cash at the beginning of the year 14,134 21,762 13,006
Cash and cash equivalents and restricted cash at the end of the year 36,856 14,134 21,762
Less cash and cash equivalents of discontinued operation at the end of the year 526
Cash and cash equivalents of continued operation at the end of the year 36,856 14,134 21,236
(a) Supplemental disclosures of cash flow activities:      
Net cash paid during the year for: Income taxes 27 17 17
Net cash paid during the year for: Interest 18
(b) Non-cash transactions      
Transfer of inventory to property, plant and equipment 1,194 595 530
Purchase of property, plant and equipment in credit $ 1,068 $ 572 $ 136