| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net loss | ||||||||
-6,661 | -13,993 | 1,019 | 6,201 | 6,466 | 4,817 | 1,019 | -1,965 | -5,085 |
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||
Depreciation and amortization | ||||||||
3,906 | 3,005 | 1,673 | 1,615 | 48 | 31 | 28 | 53 | 708 |
Impairment loss | ||||||||
- | - | - | - | - | - | - | - | 1,119 |
Increase (decrease ) in accrued severance pay | ||||||||
- | - | - | - | - | 9 | -27 | -47 | -74 |
Stock-based compensation | ||||||||
631 | 924 | 1,529 | 173 | 32 | 0 | 10 | 18 | 522 |
Amortization of discount on convertible bonds | ||||||||
- | - | - | - | - | - | - | 20 | 0 |
Increase in deferred tax | ||||||||
-389 | 738 | 187 | 1,854 | -5,080 | -1,033 | 0 | 0 | - |
Capital gain on sale of property and equipment | ||||||||
4 | 0 | 0 | -1 | 0 | 0 | -6 | 0 | 0 |
Gain on bargain purchase | ||||||||
0 | 10,515 | 0 | 0 | - | - | - | - | - |
Capital gain on sale of subsidiary | ||||||||
- | - | - | - | - | - | - | 272 | - |
Capital gain on extinguishments of liabilities | ||||||||
- | - | - | - | - | 2,230 | 2,149 | 124 | - |
Increase in trade receivables, net | ||||||||
2,146 | -5,797 | 3,666 | 8,532 | 1,498 | 55 | 790 | -105 | - |
Capital gain on sale of subsidiary (Appendix C) | ||||||||
- | - | - | - | - | - | - | - | 0 |
Capital gain on extinguishments of liabilities | ||||||||
- | - | - | - | - | - | - | - | 0 |
Decrease (increase) in trade receivables | ||||||||
- | - | - | - | - | - | - | - | 667 |
Decrease (Increase) in other accounts receivable and prepaid expenses | ||||||||
2,005 | 1,000 | -39 | -2,175 | 2,779 | 206 | -283 | 105 | -644 |
Increase in inventories, net | ||||||||
-616 | -372 | 1,988 | 907 | 84 | 11 | 72 | 132 | -1,008 |
Increase (decrease) in trade payables | ||||||||
1,880 | -79 | 721 | 1,203 | -142 | -659 | 1,466 | -2 | 163 |
Increase in employees and payroll accruals | ||||||||
1,962 | 323 | 404 | 525 | 257 | -1 | 3 | -311 | 215 |
Increase (decrease) in accrued severance pay | ||||||||
132 | 75 | -110 | 26 | 163 | - | - | - | - |
Decrease in advances from customer | ||||||||
0 | 0 | -2,864 | 2,864 | 0 | 0 | -1,010 | 973 | -1,484 |
Increase in accrued expenses and other liabilities, related parties and liability for earn-out | ||||||||
95 | 3,308 | -618 | -927 | 2,050 | -638 | 1,044 | 577 | 1,270 |
Net cash used in operating activities | ||||||||
-1,983 | -11,045 | -3,674 | - | - | 24 | -189 | -1,212 | -1,661 |
Net cash provided by (used in) operating activities | ||||||||
- | - | - | 6,271 | -567 | - | - | - | - |
Cash flows from investing activities: | ||||||||
Purchase of property and equipment | ||||||||
301 | 400 | 541 | 544 | 103 | 28 | 23 | 4 | 100 |
Purchase of Intangible assets | ||||||||
27 | 39 | 0 | 0 | 0 | - | - | - | - |
Capitalization of Precontract costs | ||||||||
0 | 203 | 0 | 0 | - | - | - | - | - |
Acquisitions of subsidiaries, net of cash acquired | ||||||||
0 | 3,514 | 988 | 0 | 8,788 | 0 | 0 | - | 0 |
Acquisition of group of assets (non-business) | ||||||||
0 | 1,174 | 0 | 0 | - | - | - | - | - |
Proceeds from sale of operations net of cash sold (Appendix B) | ||||||||
- | - | - | - | - | - | - | 397 | 0 |
Sale of subsidiary net of cash sold | ||||||||
- | - | - | - | - | - | - | -3 | 0 |
Decrease (Increase) in severance pay fund | ||||||||
37 | 58 | -109 | 31 | 91 | -25 | -6 | -49 | -31 |
Restricted bank deposits, net | ||||||||
-47 | -2,212 | -1,921 | 5,110 | 85 | 0 | -130 | -200 | -1,745 |
Proceeds from sale of property and equipment | ||||||||
4 | 0 | 0 | - | - | 0 | 3 | 0 | 0 |
Capitalization of software development costs | ||||||||
1,167 | 1,487 | 2,099 | 0 | - | - | - | - | - |
Net cash provided by (used in) investing activities | ||||||||
-1,481 | -4,663 | -1,598 | - | - | -3 | 116 | 639 | 1,676 |
Net cash used in investing activities | ||||||||
- | - | - | -5,685 | -9,067 | - | - | - | - |
Cash flows from financing activities: | ||||||||
Short-term bank loan, net | ||||||||
738 | 0 | 0 | -1 | - | - | - | 0 | -9 |
Related parties | ||||||||
2,082 | 0 | 0 | - | - | - | - | - | - |
Short-term bank credit, net | ||||||||
- | - | - | - | -101 | -11 | 112 | - | - |
Treasury shares acquired | ||||||||
0 | 2,661 | 3,741 | 0 | 0 | - | - | - | - |
Principle repayment of convertible bonds | ||||||||
- | - | - | - | - | - | 21 | 86 | 79 |
Proceeds from issuance of share capital, net of issuance costs | ||||||||
0 | 0 | 27,126 | 2,458 | 12,043 | 0 | 0 | 200 | 3 |
Payment of liability for future earn-out in business combination | ||||||||
40 | 2,191 | 849 | 1,009 | 0 | 0 | - | - | - |
Proceeds from exercise of options and warrants, net | ||||||||
13 | 22 | 193 | 82 | 140 | 0 | 0 | 0 | 1 |
Net cash provided by (used in) financing activities | ||||||||
- | - | - | 1,530 | 12,082 | - | - | - | - |
Payment of liability to a former owner of an acquiree | ||||||||
- | - | - | - | - | - | - | 0 | 87 |
Net cash provided by (used in) financing activities | ||||||||
2,793 | -4,830 | 22,729 | - | - | -11 | 91 | 114 | -171 |
Increase (decrease) in cash and cash equivalents | ||||||||
-671 | -20,538 | 17,457 | 2,116 | 2,448 | 10 | 18 | -459 | -156 |