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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 3,194 $ 5,039 $ 2,608
Adjustments required to reconcile net income to net cash flows provided by operating activities:      
Depreciation 1,541 1,781 1,592
Share-based compensation 250 203 121
Changes in deferred income tax assets, net 583 (2,550) 33
Decrease (increase) in long-term tax receivables 70 (1,013) 0
Increase (decrease) in employee severance benefits, net (25) (5) 47
Decrease (increase) in trade receivables, net (3,941) 2,260 (956)
Decrease (increase) in operating lease right-of-use assets 779 261 (5,868)
Increase (decrease) in operating lease liabilities (768) (195) 5,942
Decrease (increase) in other receivables and prepaid expenses 437 (18) (556)
Decrease (increase) in inventories (806) (1,023) 290
Increase (decrease) in trade payables 1,543 (451) (449)
Increase (decrease) in other liabilities and accrued expenses 972 (414) 448
Net cash provided by operating activities 3,829 3,875 3,252
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (3,027) (1,535) (1,082)
Restricted deposit (2) (156) (58)
Proceeds from disposals of property and equipment and repayment from insurance 0 44 0
Net cash used in investing activities (3,029) (1,647) (1,140)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Short-term bank credit, net 0 (377) (1,600)
Repayment of short-term loan from shareholder 0 0 (3,661)
Issuance of shares in rights offering, net 0 0 5,594
Exercise of options 25 0 0
Dividend distribution (994) 0 0
Repayment of long-term loans (669) (301) (183)
Proceeds from long-term loans 0 3,063 1,141
Repayment of property and equipment payables 0 (261) (477)
Net cash provided by (used in) financing activities (1,638) 2,124 814
Effect of exchange rate on cash and cash equivalents (1,079) 196 181
Increase in cash and cash equivalents (1,917) 4,548 3,107
Cash and cash equivalents at the beginning of the year 9,283 4,735 1,628
Cash and cash equivalents at end of the year 7,366 9,283 4,735
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES:      
Cash paid during the year for: Interest 129 29 163
Cash paid during the year for: Income taxes 38 57 37
Non-cash activities:      
Purchase of property and equipment in credit $ 324 $ 221 $ 666