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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 12,872 $ 24,128
Accounts receivable, net of allowance for credit losses of $389 and $306 thousands as of December 31, 2021 and December 31, 2020 respectively 13,887 11,355
Inventory, net [1] 41,003 41,223
Other current assets and prepaid expenses 4,219 2,737
Total current assets 71,981 79,443
NON-CURRENT ASSETS:    
Restricted deposit 343 176
Investment in affiliates 695 771
Funds in respect of employee rights upon retirement 1,157 1,186
Deferred income taxes 1,252 566
Property, plant and equipment, net 30,462 25,737
Operating lease right of use assets 3,114 6,767
Intangible assets, net 1,829 1,475
Total non-current assets 38,852 36,678
Total assets 110,833 116,121
CURRENT LIABILITIES:    
Current maturities of long-term loans 691 1,477
Credit line from bank 6,008 3,000
Accounts payable 9,093 12,222
Accrued expenses 6,959 6,691
Operating lease liabilities 1,169 1,614
Provision for restructuring plan 657
Liabilities belong to discontinued operation 179
Total current liabilities 24,577 25,183
NON-CURRENT LIABILITIES:    
Long-term loans 5,979 3,489
Liability in respect of employee rights upon retirement 1,504 1,410
Operating lease liabilities 1,989 5,758
Total non-current liabilities 9,472 10,657
COMMITMENTS AND CONTINGENCIES (NOTE 15)  
Total liabilities 34,049 35,840
EQUITY:    
Ordinary shares of NIS 0.9 par value: Authorized: 13,000,000 shares at December 31, 2021 and at December 31, 2020; Issued: 9,149,169 shares at December 31, 2021 and at December 31, 2020; Outstanding: 8,874,696 shares at December 31, 2021 and at December 31, 2020 2,809 2,809
Additional paid-in capital 65,871 65,711
Treasury shares, at cost, 274,473 shares at December 31, 2021 and 2020 (2,088) (2,088)
Accumulated other comprehensive income 33 128
Retained earnings 10,159 13,721
Total shareholders' equity 76,784 80,281
Total liabilities and shareholders' equity $ 110,833 $ 116,121
[1] The total amount of Rotables included in the company spare parts inventory for the years ended December 31, 2021 and 2020 were $8,623 and $9,183, respectively.