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Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 31, 2021

Cash Equivalents and Restricted Cash [Abstract]

CASH, CASH EQUIVALENTS AND RESTRICTED CASH

NOTE 6 - CASH, CASH EQUIVALENTS AND RESTRICTED CASH:

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the consolidated balance sheet that sum to the same total amount as shown in the consolidated statement of cash flows.

		December 31,
		2021				2020
		(U.S. Dollars in thousands)
Cash and cash equivalents			66,645				213,468
Restricted bank deposit (1)			127				316
Total cash, cash equivalents and restricted cash shown in the statement of cash flows			66,772				213,784

(1) As of December 31, 2021, the Company’s restricted cash consisted of a bank deposit that was denominated in New Israeli Shekel. Restricted deposit is presented at cost including accrued interest. This bank deposit is used as security for credit card use and collateralizing the Company’s lease contracts

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The entire disclosure for cash equivalent and restricted cash.

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