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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 10,892 $ 9,527
Short-term bank deposits 71,273 64,130
Trade receivables, net 13,412 11,074
Inventories [1] 246 795
Other accounts receivable and prepaid expenses 1,592 1,928
Total current assets 97,415 87,454
NON- CURRENT ASSETS:    
Long-term bank deposits 4,002
Severance pay fund 3,142 3,524
Other long-term receivables 1,573 2,557
Property and equipment, net 798 1,010
Operating lease right-of-use assets 1,651 2,457
Goodwill 1,243
Intangible assets, net 1,707
Total non-current assets 10,114 13,550
Total assets 107,529 101,004
CURRENT LIABILITIES:    
Trade payables 2,640 2,708
Employees and payroll accruals 5,400 5,198
Deferred revenues and advances from customers 1,469 7,037
Current maturities of lease liabilities 1,062 1,024
Other liabilities and accrued expenses 9,540 6,829
Total current liabilities 20,111 22,796
NON-CURRENT LIABILITIES:    
Accrued severance pay 3,728 3,973
Operating lease liabilities 561 1,452
Other liabilities and accrued expenses 638
Total non-current liabilities 4,927 5,425
Total liabilities 25,038 28,221
COMMITMENTS AND CONTINGENCIES
Share capital:    
Ordinary Shares of NIS 0.20 par value: Authorized: 20,000,000 shares at December 31, 2023 and 2022; 15,343,764 and 14,775,114 shares issued and 15,307,732 and 14,739,082 shares outstanding at December 31, 2023 and 2022, respectively 736 706
Additional paid-in capital 154,697 148,610
Accumulated other comprehensive loss (3,030) (2,908)
Accumulated deficit (69,912) (73,625)
Total shareholders’ equity 82,491 72,783
Total liabilities and shareholders’ equity $ 107,529 $ 101,004
[1] Includes amounts of $64 and $349 as of December 31, 2023 and 2022, respectively, with respect to inventory delivered to customers for which control has not been transferred.