| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income | ||||||||
2,342 | -4,907 | -6,497 | 201 | -2,643 | -2,055 | -1,519 | 745 | 227 |
Adjustments required to reconcile net income to net cash used in operating activities: | ||||||||
Depreciation, amortization and impairment | ||||||||
638 | 554 | 548 | 575 | 752 | 897 | 951 | 962 | 1,176 |
Impairment of goodwill | ||||||||
0 | 0 | 587 | 0 | 0 | - | - | - | - |
Extinguishment and amortization expenses related to beneficial conversion feature and discount of convertible loans | ||||||||
-103 | -1,116 | -2,684 | - | - | - | - | - | - |
Extinguishment and amortization expenses related to beneficial conversion feature and discount of convertible loans | ||||||||
- | - | - | 43 | 489 | 516 | 212 | 576 | 517 |
Severance pay, net | ||||||||
93 | 37 | 53 | -15 | 50 | 19 | 1 | 85 | -25 |
Share-based compensation to employees | ||||||||
559 | 111 | 0 | - | - | - | - | 31 | 62 |
Decrease (increase) in trade receivables, net | ||||||||
2,280 | 1,360 | 607 | -1,583 | -491 | -1,539 | -2,532 | 4,777 | 1,241 |
Increase in other accounts receivable and prepaid expenses | ||||||||
-14 | 135 | -81 | -13 | -484 | 337 | 417 | 395 | 30 |
Decrease in costs and estimated earnings in excess of billings | ||||||||
809 | 403 | 1,467 | - | - | - | - | - | - |
Grants received from Chief Scientist's Office (OCS) | ||||||||
- | - | - | - | -15 | -142 | -382 | -179 | - |
Decrease (increase) in costs and estimated earnings in excess of billings | ||||||||
- | - | - | 599 | 236 | 943 | -1,224 | 1,659 | -651 |
Decrease (increase) in inventories | ||||||||
890 | 1,503 | 499 | -153 | -449 | -325 | 2,069 | 501 | 1,315 |
Increase (decrease) in trade payables | ||||||||
303 | 592 | 602 | - | - | - | - | - | - |
Increase (decrease) in trade payables | ||||||||
- | - | - | -1,598 | 981 | -463 | -697 | 493 | -170 |
Decrease in other accounts payable and accrued expenses | ||||||||
31 | 173 | -1,437 | -172 | 600 | -392 | -1,972 | 2,576 | 267 |
Net cash provided by (used in) operating activities from continuing operations | ||||||||
- | - | - | 184 | 1,432 | - | - | - | - |
Net cash provided by operating activities from continuing operations | ||||||||
1,722 | -4,919 | -3,018 | - | - | -752 | -1,372 | -1,685 | 119 |
Cash flows from investing activities: | ||||||||
Change in restricted cash, net | ||||||||
- | - | - | -392 | -282 | -472 | -348 | 1,413 | -33 |
Cash paid in conjunction with the acquisition of certain assets and liabilities of Vectop (earn-out) | ||||||||
- | - | - | - | - | - | - | - | 93 |
Purchase of property, plant and equipment | ||||||||
1,041 | 411 | 366 | 296 | 370 | 688 | 218 | 603 | 261 |
Construction-in-process | ||||||||
736 | 0 | 0 | - | - | - | - | - | - |
Decrease (increase) in deposits, net | ||||||||
- | - | - | 2 | 3 | - | - | - | - |
Decrease (increase) in deposits, net | ||||||||
-29 | 11 | -10 | - | - | -3 | 17 | -11 | -9 |
Change in restricted deposits, net | ||||||||
5 | -356 | -6 | - | - | - | - | - | - |
Net cash provided by (used in) investing activities from continuing operations | ||||||||
- | - | - | 98 | -85 | - | - | - | - |
Net cash by used in investing activities from continuing operations | ||||||||
-1,811 | -44 | -370 | - | - | -219 | 147 | -2,027 | -330 |
Cash flows from financing activities: | ||||||||
Issuance of Ordinary shares, net | ||||||||
9,726 | 5,796 | 7,430 | 0 | 0 | - | - | - | - |
Exercise of warrants | ||||||||
2,141 | 1,300 | 0 | 0 | - | - | - | - | - |
Proceeds from long-term receivables | ||||||||
- | - | - | - | - | - | - | - | 173 |
Proceeds from long-term loans from banks, net | ||||||||
- | - | - | - | - | - | - | - | 0 |
Repayments of current maturities of long-term loans | ||||||||
- | - | - | - | - | - | - | - | 132 |
Repayment of long term loan from shareholders | ||||||||
- | - | - | - | - | 2,229 | 529 | 160 | 30 |
Proceeds from (repayment of) short-term bank credit, net | ||||||||
-575 | -1,841 | 827 | -298 | -1,285 | -761 | 188 | 3,712 | 0 |
Proceeds from (repayment of) loans from shareholders, net | ||||||||
0 | 187 | -5,030 | 1,000 | 850 | 3,998 | 1,700 | 0 | 0 |
Repayment of short-term bank credit, net | ||||||||
- | - | - | 1,230 | 0 | 0 | - | - | - |
Net cash provided by financing activities from continuing operations | ||||||||
11,292 | 5,442 | 3,227 | -528 | -435 | - | - | - | - |
Net cash provided by (used in) operating activities from discontinued operations | ||||||||
-644 | 298 | 253 | -62 | - | - | - | - | - |
Net cash used in investing activities from discontinued operations | ||||||||
-101 | -34 | -8 | -32 | - | - | - | - | - |
Net cash provided by (used in) financing activities from discontinued operations | ||||||||
- | - | - | 0 | - | - | - | - | - |
Grants received from OCS | ||||||||
- | - | - | - | - | - | - | - | 203 |
Exercise of options and warrants | ||||||||
- | - | - | - | - | - | 116 | 0 | 21 |
Net cash provided by (used in) financing activities from continuing operations | ||||||||
- | - | - | - | - | 1,008 | 1,475 | 3,552 | 235 |
Effect of exchange rate changes of discontinued operation on cash and cash equivalents | ||||||||
-138 | -133 | -116 | -11 | 61 | 20 | 7 | 23 | -1 |
Increase (decrease) in cash and cash equivalents | ||||||||
10,320 | 610 | -32 | -351 | 973 | 57 | 257 | -137 | 23 |
Cash and cash equivalents of continued operation at the end of the period | ||||||||
12,417 | 1,205 | 734 | - | - | - | - | - | - |
(a) Supplemental disclosures of cash flow activities: | ||||||||
Net cash paid during the period for income taxes | ||||||||
17 | 16 | 15 | - | - | - | - | - | - |
Net cash paid during the period for interest | ||||||||
173 | 658 | 2,106 | - | - | - | - | - | - |
Income taxes | ||||||||
- | - | - | 35 | 14 | 84 | 63 | 7 | 9 |
Interest | ||||||||
- | - | - | 57 | 180 | 304 | 168 | 219 | 240 |
(b) Non-cash transactions | ||||||||
Purchase of property, plant and equipment in credit | ||||||||
44 | 14 | 62 | 144 | 11 | 31 | 0 | 0 | - |
Conversion of convertible loan including unpaid interest | ||||||||
3,175 | 113 | 0 | - | - | - | - | - | - |
Conversion of convertible loan including unpaid interest | ||||||||
- | - | - | 0 | - | - | - | - | - |
Transfer of inventory to property, plant and equipment | ||||||||
82 | 92 | 573 | 37 | 25 | 58 | 629 | 0 | 39 |
Goodwill in respect of Vectop | ||||||||
- | - | - | - | - | - | - | - | 30 |