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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income (loss) $ 3,044 $ (6,900) $ 1,026
Adjustments required to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,245 1,876 1,740
Impairment of goodwill 979
Loss (gain) on sale of property and equipment (47) (4) 5
Increase (decrease) in accrued interest and exchange differences on short-term and other long-term liabilities (520) 2,996 (57)
Stock based compensation 158 144 258
Decrease in trade receivables, net 555 153 1,487
Decrease (increase) in unbilled accounts receivable (227) (1,593) 1,395
Decrease (increase) in other accounts receivable and prepaid expenses (1,333) 119 221
Decrease (increase) in inventories (3,981) (2,079) 1,200
Increase in deferred income taxes (968) (467) (1,722)
Decrease in long-term trade receivables 329 319
Increase in trade payables 1,071 787 857
Increase (decrease) in other accounts payable and accrued expenses and deferred revenues 3,114 1,521 (1,010)
Increase in customer advances 3,214 1,207 3,351
Accrued severance pay, net 22 (41) (137)
Net cash provided by (used in) operating activities 7,326 (1,952) 8,933
Cash flows from investing activities:      
Investment in short-term deposits (27,868)
Proceeds from sale of short-term bank deposits 12,873 4,103
Release of long-term bank deposits (15) 13
Proceeds from sale of property and equipment 57 35 93
Purchase of property and equipment (2,128) (934) (797)
Investment in technology, know-how and patents (296) (13) (31)
Payments for acquisition of ESC BAZ, net of cash acquired (1) (385)
Payments for acquisition of Aimetis, net of cash acquired (2) (12,113)
Net cash provided by (used in) investing activities 10,121 3,176 (40,703)
Cash flows from financing activities:      
Proceeds from issuance of shares, net of issuance costs of $ 201 23,617
Proceeds from issuance of shares upon exercise of options to employees 77 327 1,389
Proceeds from issuance of shares upon exercise of warrants 254
Purchase of shares from non-controlling interests, net (77)
Net cash provided by financing activities 77 504 25,006
Effect of exchange rate changes on cash and cash equivalents (1,029) 2,076 160
Increase (decrease) in cash, cash equivalents and restricted cash 16,495 3,804 (6,604)
Cash, cash equivalents and restricted cash at the beginning of the year 25,305 21,501 28,105
Cash, cash equivalents and restricted cash at the end of the year 41,800 25,305 21,501
Cash paid during the year for:      
Interest 20 148 27
Income taxes $ 2,926 $ 1,855 $ 1,677