XML 17 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 7,722 $ 12,872
Accounts receivable, net of allowance for credit losses of $527 and $389 thousand as of December 31, 2022 and December 31, 2021 respectively 15,622 13,887
Other current assets and prepaid expenses 6,047 4,219
Inventory, net [1] 45,759 41,003
Total current assets 75,150 71,981
NON-CURRENT ASSETS:    
Restricted deposit 304 343
Investment in affiliates 1,665 695
Funds in respect of employee rights upon retirement 780 1,157
Deferred income taxes 1,229 1,252
Property, plant and equipment, net 43,423 30,462
Operating lease right of use assets 2,477 3,114
Intangible assets, net 1,623 1,829
Total non-current assets 51,501 38,852
Total assets 126,651 110,833
CURRENT LIABILITIES:    
Current maturities of long-term loans 1,876 691
Credit line from bank 6,101 6,008
Accounts payable 10,233 9,093
Accrued expenses 9,686 6,959
Operating lease liabilities 904 1,169
Provision for restructuring plan 190 657
Total current liabilities 28,990 24,577
NON-CURRENT LIABILITIES:    
Long-term loans 19,408 5,979
Liability in respect of employee rights upon retirement 1,148 1,504
Operating lease liabilities 1,535 1,989
Total non-current liabilities 22,091 9,472
COMMITMENTS AND CONTINGENCIES (NOTE 15)
Total liabilities 51,081 34,049
EQUITY:    
Ordinary shares of NIS 0.9 par value:Authorized: 13,000,000 shares at December 31, 2022 and at December 31, 2021; Issued: 9,186,019 and 9,149,169 shares at December 31, 2022 and at December 31, 2021 respectively; Outstanding: 8,911,546 and 8,874,696 shares at December 31, 2022 and at December 31, 2021 respectively 2,842 2,809
Additional paid-in capital 66,245 65,871
Treasury shares, at cost, 274,473 shares at December 31, 2022 and 2021 (2,088) (2,088)
Accumulated other comprehensive income (loss) (26) 33
Retained earnings 8,597 10,159
Total shareholders' equity 75,570 76,784
Total liabilities and shareholders' equity $ 126,651 $ 110,833
[1] The total amount of Rotables included in the Company spare parts inventory for the years ended December 31, 2022 and 2021 were $8,193 and $8,623, respectively.