XML 104 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income (loss) $ 2,819 $ 3,044 $ (6,900)
Adjustments required to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,100 2,245 1,876
Impairment of goodwill 979
Loss (gain) on sale of property and equipment 11 (47) (4)
Increase (decrease) in accrued interest and exchange differences on short-term and other long-term liabilities 693 (520) 2,996
Stock based compensation 392 158 144
Decrease (increase) in trade receivables, net (3,962) 555 153
Increase in unbilled accounts receivable (2,325) (227) (1,593)
Decrease (increase) in other accounts receivable and prepaid expenses (190) (1,333) 119
Decrease (increase) in inventories 2,068 (3,981) (2,079)
Decrease in long-term trade receivables (52) 329
Increase in deferred income taxes (631) (968) (467)
Decrease in operating lease right-of-use assets 957
Decrease in operating lease liabilities (963)
Increase (decrease) in trade payables (1,312) 1,071 787
Increase in other accounts payable and accrued expenses and deferred revenues 1,016 3,114 1,521
Increase (decrease) in customer advances (5,071) 3,214 1,207
Accrued severance pay, net (73) 22 (41)
Net cash provided by (used in) operating activities (4,523) 7,326 (1,952)
Cash flows from investing activities:      
Investment in short-term deposits (3,092)
Investment in restricted deposits (90)
Release of short-term bank deposits 12,873 4,103
Investment in long-term bank deposits (15)
Proceeds from sale of property and equipment 70 57 35
Purchase of property and equipment (770) (2,128) (934)
Investment in technology, know-how and patents (897) (296) (13)
Payments for acquisition of ESC BAZ, net of cash acquired (1) (385)
Net cash provided by (used in) investing activities (4,779) 10,121 3,176
Cash flows from financing activities:      
Proceeds from issuance of shares upon exercise of options to employees 503 77 327
Issue of shares to non-controlling interests 50
Repurchase of warrants previously issued by the Company (375)
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 178 77 504
Effect of exchange rate changes on cash and cash equivalents 2,089 (1,029) 2,076
Increase (decrease) in cash, cash equivalents and restricted cash (7,035) 16,495 3,804
Cash, cash equivalents and restricted cash at the beginning of the year 41,800 25,305 21,501
Cash, cash equivalents and restricted cash at the end of the year 34,765 41,800 25,305
Supplemental disclosures of cash flows activities:      
Cash and cash equivalents 34,531 38,665 22,463
Restricted cash 234 3,135 2,842
Cash, cash equivalents and restricted cash at the end of the year 34,765 41,800 25,305
Cash paid during the year for:      
Interest 15 20 148
Income taxes 660 2,926 1,855
Significant non-cash transactions:      
Right-of-use asset recognized with corresponding lease liability $ 620