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Interim Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash flows from Operating Activities        
Net income (loss) $ (83) $ 48 $ (428) $ (101)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation and amortization 734 729 1,468 1,315
Share-based compensation 45 7 75 8
Deferred taxes (34) (68) (92) (123)
Accrued interest, net (22) (17) (49) (39)
Exchange rate differences on loans 777 961
Changes in assets and liabilities items:        
Decrease (increase) in accounts receivable (2,856) (2,086) 2,530 (3)
Decrease (increase) in other receivables 129 309 280 (188)
Decrease in operating lease right-of-use assets 22 22 44 42
Decrease in severance pay, net (97) (20) (100) (1)
Increase (decrease) in accounts payable 3,289 2,952 (2,437) (1,067)
Decrease in other payables (96) (160) (218) (297)
Decrease in operating lease liabilities (28) (19) (58) (37)
Increase in loan from parent company 74 128
Net cash provided by operating activities 1,003 2,548 1,015 598
Cash flows from Investing Activities        
Purchase of property and equipment (8) (6) (10) (45)
Cash paid to non-controlling interests (see note 1.C) (2,625)
Capitalization of software development costs (16)
Net cash used in investing activities (8) (6) (2,635) (61)
Cash flows from Financing Activities        
Receipt of short-term bank loan 1,200 1,000 1,200 1,000
Repayment of short-term loans (22) (269)
Receipt of long-term bank loan 1,500
Repayment of long-term bank loans (457) (353) (874) (702)
Payment of dividend to non-controlling interests (153) (392) (598) (742)
Payment of dividend to shareholders (see note 8.E.1) (130)
Increase in loan to parent company (32) (627) (104) (856)
Net cash provided by (used in) financing activities 536 (372) 725 (1,300)
Increase (decrease) in cash and cash equivalents and restricted cash 1,531 2,170 (895) (763)
Cash and cash equivalents and restricted cash at beginning of period 1,955 2,509 4,381 5,442
Cash and cash equivalents and restricted cash at end of period 3,486 4,679 3,486 4,679
Cash paid during the period        
Taxes paid 327 90 512 416
Interest paid (247) (124) (444) (227)
Share-based compensation to a director (see note 8.A) $ 34 $ 34