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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Apr. 01, 2023
Dec. 31, 2022
Mar. 09, 2022
Dec. 31, 2021
Cash flows from operating activities:          
Net income $ 2,005   $ 1,276   $ 451
Adjustments to reconcile net income to net cash provided by (used in) operating activities:          
Depreciation and amortization 510   361   258
Interest and currency fluctuation of loans (69)   (211)   39
Severance pay, net 86   124   (84)
Share-based compensation expense 98   97   67
Decrease (Increase) in trade receivables, net (1,590)   (1,625)   (37)
Decrease (Increase) in other accounts receivable and other long- term assets 515   (547)   243
Decrease (Increase) in inventories 453   (1,068)   (515)
Decrease (Increase) in operating lease right-of-use assets, net 304   582   491
Decrease (Increase) in operating lease liabilities (354)   (723)   (491)
Increase (decrease) in trade payables (274)   2,785   (292)
Increase (decrease) in employees and payroll accruals, advances deferred revenues, accrued expenses and other liabilities 145   232   (121)
Net cash provided by operating activities 1,829   1,283   9
Cash flows from investing activities:          
Purchase of property and equipment (341)   (2,427)   (379)
Acquisition of Dagesh’s assets (Appendix B)   (664)  
Acquisition of Proteus and Microwave’s assets (Appendix B) (431)    
Net cash (used in) investing activities (772)   (3,091)   (379)
Cash flows from financing activities:          
Proceeds from issuance of shares, net   912   1,841
Proceeds from exercise of options 102   2   119
Proceeds from short and long-term loans 93   1,356   173
Repayment of short and long-term loans (584)   (686)   (822)
Net cash provided by (used in) financing activities (389)   1,584   1,311
Increase (decrease) in cash, cash equivalents and restricted cash 668   (224)   941
Cash, cash equivalents and restricted cash at the beginning of the year 1,893   2,117   1,176
Cash, cash equivalents and restricted cash at the end of the year 2,561   1,893   2,117
(a) Net cash paid during the year for:          
Interest 118   58   59
(b) Non-cash activities:          
Operating lease right-of-use assets 220   748   669
Operating lease liabilities 220   748   669
(c) Reconciliation of cash, cash equivalents and restricted cash:          
Cash and cash equivalents 2,344   1,763   1,875
Restricted cash 217   130   242
Total cash, cash equivalents and restricted cash 2,561   1,893   $ 2,117
Intangible assets, Net   $ 760   $ 445  
Goodwill [1]   $ 219 [1] 219  
Accrued expenses   329      
Net cash used to pay for the Acquisition   $ 431   $ 664  
[1] Regarding intangibles acquired as part of business combination transaction during 2023, see Note 3 above.