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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (1,368) $ (394) $ (3,007) $ (2,191)
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     1,230 1,102
Marketable securities     157 458
Change in fair value of derivatives, net     (8) 296
Change in deferred taxes, net     (367) (105)
Accrued interests and exchange rate differences on bank loans     $ (125) (184)
Amortization of discount and change in value of long term convertible debenture, net     61
Stock-based compensation     $ 254 19
Changes in operating assets and liabilities (net of impact of acquisition):        
Decrease (increase) in trade account receivables     1,566 (2,146)
Decrease (increase) in inventories     1,152 (1,615)
Increase (decrease) in accrued severance pay, net     20 (106)
Increase in other accounts receivables     (42) (63)
Increase (decrease) in trade accounts payables     (3,441) 3,295
Decrease in other accounts payables     (554) (791)
Net cash used in operating activities     (3,165) (1,970)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of property and equipment     $ (281) (153)
Acquisition of business, net of cash acquired (Appendix A)     (7,105)
Marketable securities     $ 710 (106)
Net cash provided by (used in) investing activities     429 (7,364)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Short term bank credit     3,833 3,176
Receipt of long term loans from banks     59 4,520
Repayment of long term loans     (1,313) $ (2,370)
Repayment of short term loans     (2,187)
Repayment of long term notes     $ (1,000)
Acquisition of non-controlling interest     $ (646)
Exercise of call option over non-controlling interest     (925)
Net cash provided by (used in) financing activities     $ (608) 3,755
NET CASH DECREASE IN CASH AND CASH EQUIVALENTS     (3,344) (5,579)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD     8,592 12,825
TRANSLATION ADJUSTMENT OF CASH AND CASH EQUIVALENTS     (117) (382)
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 5,131 6,864 $ 5,131 6,864
Acquisition of business, net of cash acquired:        
Inventory (1,360) (1,360)
Property and equipment (47) (47)
Intangible assets (4,232) (4,232)
Goodwill (1,466) (1,466)
Total assets acquired (7,105) (7,105)
Liability to seller 209 209
Net cash provided by acquisition $ (6,896) $ (6,896)