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Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (1,385) $ 176
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 173 152
Impairment of goodwill and intangible assets 988
Capital gain from sale of property and equipment (10)
Currency fluctuation of loans 3 184
Severance pay, net 10 (27)
Share-based compensation expenses 39 39
Decrease (increase) in trade receivables, net 1,337 (321)
Increase in other accounts receivable and other assets (218) (792)
Increase in inventories (538) (962)
Increase (decrease) in trade payables (298) 1,421
Increase in operating lease liabilities (31)
Increase (decrease) in employees and payroll accruals, deferred revenues, accrued expenses and other liabilities (365) 4
Net cash used in operating activities (285) (136)
Cash flows to investing activities:    
Purchase of property and equipment (40) (232)
Proceeds from sale of property and equipment 10
Acquisition of business (See Supplementary cash flow activities) (1,895)
Net cash used in investing activities (40) (2,117)
Cash flows from financing activities:    
Proceeds from issuance of shares, net 12 558
Proceeds from issuance of shares related to securities purchase agreement, net 945
Proceeds from issuance of shares related to options exercised, net 109 316
Proceeds from short and long-term loans 774 708
Repayment of short and long-term loans (527) (254)
Net cash provided by financing activities 368 2,273
Increase in cash and cash equivalents, and restricted cash 43 20
Cash, cash equivalents and restricted cash at the beginning of the period 579 1,742
Cash, cash equivalents and restricted cash at the end of the period 622 1,762
Cash paid during the period for:    
Interest 65 43
Non-cash activities:    
Prepaid expenses related to issuance of Ordinary shares related to SEDA 2017 (See Note 9) (35)
Fair value of Property and equipment, net and inventory acquired at acquisition date:    
Property and equipment, net 91
Inventory 380
Intangible assets, Net   953
Loss Contracts   (614)
Goodwill 1,085
Net cash used to pay for the Acquisition of Imdecol $ 1,895