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RELATED PARTY BALANCES AND TRANSACTIONS
12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS

NOTE 16:- 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.

b.In December 2015 the Company entered into a memorandum of understanding with Orbit Communication Systems, ("Orbit"), a publicly traded company in Israel (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. As of December 31, 2020, FIMI holds approximately 41.7% of Orbit share capital.

c.Transactions with the related parties:

Year ended December 31,

 

2020

2019

2018

 

 

 

Cost of revenues of products

$

113

$

2,048

$

764

 

 

 

Research and development

$

-

$

-

$

346

 

 

 

Purchase of property and equipment and inventory

$

100

$

-

$

101

 

d.Balances with the related parties:

December 31,

 

2020

2019

 

 

 

Advance payments

$

-

$

344

 

 

 

Deferred charges

$

8

$

-

 

 

 

Trade payables

$

899

$

109

 

 

 

Accrued expenses

$

-

$

1,761