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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Cash flows from Operating Activities        
Net income (loss) $ 71 $ 91 $ (30) $ 88
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation and amortizations 736 427 2,051 1,289
Share-based compensation 32 (3) 40 (38)
Deferred taxes (96) (41) (219) (65)
Accrued interest, net (11) 62 (50) (26)
Fair value revaluation and exchange rate differences on loans 72 5 1,033 14
Adjustment total 733 450 2,855 1,174
Changes in assets and liabilities items:        
Decrease in accounts receivable 20 447 17 968
Decrease (increase) in other receivables 378 (122) 190 (39)
Decrease in operating lease right-of-use assets 22 21 64 48
Increase (decrease) in severance pay, net (1) 3 (2) (229)
Increase (decrease) in accounts payable 535 (248) (532) (57)
Decrease in other payables (228) (158) (525) (522)
Decrease in operating lease liabilities (19) (17) (56) (39)
Increase in parent company loan 66 55 194 172
Increase (Decrease) in Operating Capital 773 (19) (650) 302
Net cash provided by operating activities 1,577 522 2,175 1,564
Cash flows from Investing Activities        
Purchase of property and equipment (7) (70) (54) (298)
Capitalization of software development costs (69) (14) (211)
Net cash used in investing activities (7) (139) (68) (509)
Cash flows from Financing Activities        
Receipt of short-term loan     1,000 602
Repayment of short-term loan (1,000) (619) (1,000) (1,219)
Increase in loan to parent company (606) (822) (1,462) (1,308)
Repayment of long-term loan (358) (1,060)
Payment of dividend to non-controlling interests (453) (1,195)
Net cash used in financing activities (2,417) (1,441) (3,717) (1,925)
Increase in cash and cash equivalents and restricted cash (847) (1,058) (1,610) (870)
Cash and cash equivalents and restricted cash at beginning of the period 4,679 3,752 5,442 3,564
Cash and cash equivalents and restricted cash at end of the period 3,832 2,694 3,832 2,694
Cash paid and received during the period        
Taxes paid (135) (88) (551) (222)
Interest paid (164) (7) (391) (21)
Total Cash paid and received during the period (299) (95) (942) (243)
Substantial non-cash activities:        
Right of use assets obtained in exchange for operating lease liabilities 637
Dividend declared $ 1,000 $ 1,000