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RELATED PARTY BALANCES AND TRANSACTIONS
 6 Months Ended
Jun. 30, 2019
Related Party Transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS

NOTE 13:-    RELATED PARTY BALANCES AND TRANSACTIONS

 

a.The Company entered into a number of agreements for the purchase of infrastructure, construction and services from C. Mer Industries Ltd. ("C. Mer"), a publicly traded company in Israel (TASE). The Company's controlling shareholder, FIMI Opportunity Funds ("FIMI"), holds approximately 36.6% of C. Mer's share capital and representatives of FIMI serve on C. Mer's board of directors.

 

b.In December 2015, the Company entered into a memorandum of understanding with Orbit Communication Systems, ("Orbit"), a publicly traded company (TASE), for development and manufacture of antenna for an aggregate amount of approximately $1,750. The memorandum specifies prices per additional product units ordered in the future by the Company. In August 2017, FIMI acquired approximately 33.4% of Orbit's share capital and representatives of FIMI serve on Orbit's board of directors.

 

c.Transactions with the related parties:

 

  

Six months ended

June 30,

 
   2019   2018 
         
Cost of revenues of products  $1,276   $348 
           
Research and development  $-     $101 

 

d.Balances with the related parties:

 

   June 30, 
   2019   2018 
         
Advance payments  $-     $528 
           
Other receivables  $17   $-   
           
Trade payables  $-     $475 
           
Accrued expenses  $2,022   $1,578