RELATED PARTY BALANCES AND TRANSACTIONS

12 Months Ended

Dec. 31, 2017

NOTE 14:-

RELATED PARTY BALANCES AND TRANSACTIONS

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.

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 33.5% of Orbit’s share capital and representatives of FIMI serve on Orbit’s board of directors. Transactions with Orbit are presented for the period starting August 2017.

Transactions with the related parties:

	Year ended December 31,
	2017		2016		2015

Cost of revenues of products	$	5,706	$	10,978	$	2,915

Research and development	$	25	$	-	$	-

Purchase of property and equipment	$	100	$	-	$	-

Balances with the related parties:

	December 31,
	2017		2016

Accrued expenses	$	3,331	$	3,080

Trade payables	$	1,220	$	5,022