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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 15,979 $ 7,722
Accounts receivable, net of allowance for credit losses of $345 and $527 thousand as of December 31, 2023 and December 31, 2022 respectively 20,009 15,622
Restricted deposit 661 0
Other current assets and prepaid expenses 6,397 6,047
Inventory [1] 51,280 45,759
Total current assets 94,326 75,150
NON-CURRENT ASSETS:    
Restricted deposit 302 304
Investment in affiliates 2,168 1,665
Funds in respect of employee rights upon retirement 664 780
Deferred income taxes 994 1,229
Property, plant and equipment, net 42,554 43,423
Operating lease right of use assets 2,746 2,477
Intangible assets, net 1,823 1,623
Total non-current assets 51,251 51,501
Total assets 145,577 126,651
CURRENT LIABILITIES:    
Current maturities of long-term loans 2,200 1,876
Credit line from bank 12,138 6,101
Accounts payable 9,988 10,233
Accrued expenses and other 13,952 9,876
Operating lease liabilities 1,033 904
Total current liabilities 39,311 28,990
NON-CURRENT LIABILITIES:    
Long-term loans 12,886 19,408
Liability in respect of employee rights upon retirement 1,000 1,148
Operating lease liabilities 1,697 1,535
Total non-current liabilities 15,583 22,091
COMMITMENTS AND CONTINGENCIES
Total liabilities 54,894 51,081
EQUITY:    
Ordinary shares of NIS 0.9 par value: Authorized: 13,000,000 shares at December 31, 2023 and at December 31, 2022; Issued: 10,377,085 and 9,186,019 shares at December 31, 2023 and at December 31, 2022 respectively; Outstanding: 10,102,612 and 8,911,546 shares at December 31, 2023 and at December 31, 2022 respectively 3,140 2,842
Additional paid-in capital 76,335 66,245
Treasury shares, at cost, 274,473 shares at December 31, 2023 and 2022 (2,088) (2,088)
Accumulated other comprehensive income (loss) 27 (26)
Retained earnings 13,269 8,597
Total shareholders' equity 90,683 75,570
Total liabilities and shareholders' equity $ 145,577 $ 126,651
[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.