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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from Operating Activities    
Net income (loss) $ (8,687) $ 1,117
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortizations 2,952 2,809
Share-based compensation 135 71
Deferred taxes (143) (532)
Accrued interest, net 67
Interest income (87) (143)
Exchange rate differences on loans 786
Amortization of loan discounts 9 175
 Goodwill Impairment (see note 6.B) 5,107
Changes in assets and liabilities items:    
Decrease (increase) in accounts receivable 9,586 (4,530)
Decrease (increase) in other current assets 202 (52)
Decrease in operating lease right-of-use assets 89 83
Decrease in severance pay, net (100) (5)
Increase (decrease) in accounts payable (7,423) 3,106
Increase (decrease) in other payables (620) 177
Decrease in operating lease liabilities (86) (107)
Increase in loan from parent company 215
Net cash provided by operating activities 934 3,237
Cash flows from Investing Activities    
Purchase of property and equipment (16) (58)
Capitalization of software development costs (16)
Net cash used in investing activities (16) (74)
Cash flows from Financing Activities    
Cash paid to non-controlling interests (see note 1.C) (2,625)
Receipt of short-term bank loans 1,200
Repayment of short-term loans (1,269)
Receipt of long-term bank loan 1,500
Receipt of long-term loan (see note 10.D) 480
Repayment of long-term bank loan (1,811) (1,389)
Payment of dividend (see note 13.E) (130) (73)
Payment of dividend to non-controlling interests (see note 13.E) (598) (1,689)
Increase in loan to parent company (123) (1,073)
Net cash used in financing activities (3,376) (4,224)
Decrease in cash and cash equivalents and restricted cash (2,458) (1,061)
Cash and cash equivalents and restricted cash at beginning of period 4,381 5,442
Cash and cash equivalents and restricted cash at end of period 1,923 4,381
Cash paid during the period    
Taxes paid (663) (928)
Interest paid (992) (556)
Total Cash paid during the period (1,585) (1,484)
Substantial non-cash activities:    
Offset of loans between related parties (see note 15) 2,558
Dividend distribution to parent company which was offset from a loan to parent company (see note 13.E) 714
Dividend declared to non-controlling interests (see note 13.E) 445
Dividend declared to shareholders (see note 13.E) $ 130