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INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,490 $ 2,875
Adjustments required to reconcile net income to net cash flows provided by operating activities:    
Depreciation 753 630
Accrued interest (186) 0
Share-based compensation 286 144
Changes in deferred income tax assets, net 91 566
Increase (decrease) in employee severance benefits, net (30) 22
Decrease (increase) in trade receivables, net 517 (1,784)
Decrease (increase) in operating lease right-of-use assets 372 575
Increase (decrease) in operating lease liabilities (369) (597)
Decrease (increase) in other receivables and prepaid expenses 309 (311)
Decrease (increase) in inventories (565) (809)
Increase (decrease) in trade payables (536) 105
Increase (decrease) in other liabilities and accrued expenses (249) 1,477
Net cash provided by operating activities 2,883 2,893
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (5,947) (711)
Insurance Proceeds 0 2,000
Investment in short-term bank deposits, net (6,534)  
Restricted deposits 0 192
Net cash used in investing activities (12,481) 1,481
CASH FLOWS FROM FINANCING ACTIVITIES:    
Exercise of options 261 299
Repayment of long-term loans 0 (3,348)
Issuance of shares, net 9,312 0
Net cash used in financing activities 9,573 (3,049)
Effect of exchange rate on cash and cash equivalents (376) (361)
Increase (decrease) in cash and cash equivalents (401) 964
Cash and cash equivalents at the beginning of the year 9,278 7,366
Cash and cash equivalents at end of the year 8,877 8,330
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES:    
Cash paid during the period for: Interest 0 81
Cash paid during the year for: Income taxes 22 5
Non-cash activities:    
Purchase of property and equipment in credit 1,305 450
Right-of-use asset recognized with corresponding lease liability $ 42 $ 432