XML 65 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net profit (loss)    $ (549) $ (3,214)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 352 363 656
Inventory write off 121 385 443
Impairment of other intangible assets       555
Capital loss from sale and disposal of property, plant and equipment 11 79   
Currency fluctuation of long term deposits (34) (11)   
Impairment of available for sale securities       156
Impairment of investment in other company    68 39
Severance pay, net 35 (24) 5
Share-based compensation expenses related to employees, directors and service providers 211 107 169
Amortization of discount on convertible note    22 202
Accrued interest and currency differences on liability related to Dimex acquisition 24 32 230
Conversion expenses of convertible note       760
Revaluation of fair value related to extension of warrants as part of an inducement of a convertible note       86
Increase (decrease) in trade receivables, net (130) 500 (1,045)
Change in income tax accruals (9) (187) (199)
Increase (decrease) in other accounts receivable and other assets (201) 140 363
Decrease (increase) in inventories (679) 475 506
Increase (decrease) in trade payables 1,317 750 (46)
Increase (decrease) in employees and payroll accruals, deferred revenues, accrued expenses and other liabilities 30 (441) (31)
Net cash provided by (used in) operating activities 1,048 1,709 (365)
Cash flows from investing activities:      
Purchase of property, plant and equipment (113) (82) (357)
Proceeds from sale and lease back of property, plant and equipment 337 26   
Change in long term bank deposits (14)    (427)
Repayment of deferred consideration related to the Dimex acquisition (77) (255) (256)
Net cash provided by (used in) investing activities 133 (311) (1,040)
Cash flows from financing activities:      
Proceeds from issuance of shares, net 336      
Repayment of (proceeds from) short and long-term bank loans (866) (1,455) 1,113
Net cash used in (provided by) financing activities (530) (1,455) 1,113
Increase (decrease) in cash and cash equivalents 651 (57) (292)
Cash and cash equivalents at the beginning of the year 354 411 703
Cash and cash equivalents at the end of the year 1,005 354 411
Supplemental disclosure of cash flow activities:      
Net cash paid during the year for: Interest 418 502 572
Non-cash activities:      
Conversion of convertible note into share capital       $ 2,523