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Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Mar. 09, 2022
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:      
Net income   $ 472 $ 264
Adjustments required to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization   164 121
Interest and exchange rate of loans   (133) (29)
Severance pay, net   (31) (35)
Share-based compensation expenses   51 32
Increase in trade receivables, net   (830) (848)
Decrease (Increase) in other accounts receivable and other long term assets   (357) 255
Decrease (Increase) in inventories   (156) 189
Increase (decrease) in trade payables   831 (39)
Decrease in operating lease liabilities   (124) (28)
Decrease in employees and payroll accruals, deferred revenues, accrued expenses and other liabilities   (218) (380)
Net cash used in operating activities   (331) (498)
Cash flows to investing activities:      
Purchase of property and equipment (394) (246)
Acquisition of assets (b) (656)
Net cash used in investing activities   (1,050) (246)
Cash flows from financing activities:      
Proceeds received from issuance units that consist of ordinary shares and warrants, net   913 1,841
Proceeds received from issuance of shares upon options exercised, net     59
Proceeds received from loans 129
Repayment of loans   (399) (393)
Net cash provided by financing activities   514 1,636
Change in cash and cash equivalents, and restricted cash   (867) 892
Cash, cash equivalents and restricted cash at the beginning of the period   2,117 1,176
Cash, cash equivalents and restricted cash at the end of the period   1,250 2,068
(a) Cash paid during the period for:      
Interest   $ 19 $ 31
Goodwill 220    
Customer relationship 304    
Non-competition 269    
Acquisition of assets [1] $ 793    
[1] As of June 30, 2022, an amount of 656 was paid in cash.