XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (3,482) $ (3,014)
Adjustments required to reconcile net loss to net cash provided by operating activities:    
Depreciation 2,417 2,398
Amortization of intangible assets 2,302 1,943
Equity-based compensation 9,507 10,070
Realized loss (gain), net on sale of available-for-sale marketable securities (13) 15
Amortization of premiums on available-for-sale marketable securities 319 309
Unrealized foreign exchange (gain) loss 693 (532)
Changes in operating assets and liabilities:    
Trade receivables 6,595 (672)
Prepaid expenses and other assets 1,873 (947)
Operating lease right-of-use assets (702) 242
Accrued interest on bank deposits (14) 758
Deferred tax, net (3,551) (1,779)
Trade payables 725 100
Deferred revenues 2,609 (865)
Accrued expenses and other payables (990) (43)
Accrued payroll and related benefits (3,608) 287
Operating lease liability 691 (202)
Income taxes payable (218) 247
Accrued severance pay, net (317) 25
Net cash provided by operating activities 14,836 8,340
Cash flows from investing activities:    
Purchase of property and equipment (1,506) (2,541)
Investment in bank deposits (1,500) (20,393)
Proceeds from bank deposits 14,489 29,393
Investment in available-for-sale marketable securities (19,855) (41,887)
Proceeds from maturity of available-for-sale marketable securities 23,593 17,192
Proceeds from sale of available-for-sale marketable securities 10,035 11,096
Net cash used in investing activities (4,635) (7,344)
Cash flows from financing activities:    
Purchase of treasury stock 0 (4,780)
Proceeds from exercise of stock-based awards 3,242 2,871
Net cash provided by (used in) financing activities 3,242 (1,909)
Effect of exchange rate changes on cash and cash equivalents (308) 177
Increase (decrease) in cash and cash equivalents 13,135 (736)
Cash and cash equivalents at the beginning of the period 21,143 22,803
Cash and cash equivalents at the end of the period 34,278 22,067
Supplemental information of cash-flow activities:    
Income and withholding taxes 6,682 4,048
Non-cash transactions:    
Property and equipment purchases incurred but unpaid at period end 54 62
Right-of-use assets obtained in the exchange for operating lease liabilities 2,867 1,253
Intrinsix Corp. [Member]    
Cash flows from investing activities:    
Acquisition of subsidiary, net of cash acquired (see Note 3) (29,891) 0
Acquisition of Hillcrest Labs [Member]    
Cash flows from investing activities:    
Acquisition of business $ 0 $ (204)