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INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Cash flows from operating activities:          
Net income $ 901 $ 957 $ 2,765 $ 2,417 $ 12,740
Adjustments required to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 979 1,194 1,985 2,475 4,767
Impairment of tangible and intangible assets 0 0 0 0 1,122
Gain from a bargain purchase 0 0 0 0 (288)
Accrued interest and exchange rate changes of debenture and long-term loans 376 4 10 9 17
Accrued severance pay, net (6) 138 (38) 125 56
Gain from sale of property and equipment, net (38) (32) (72) (97) (95)
Stock-based compensation 83 127 174 175 375
Decrease in restricted cash 0 1 62 16 19
Decrease (Increase) in trade receivables, net (10) 378 (513) (1,705) (1,141)
Increase in other accounts receivable and prepaid expenses (1,106) (69) (1,060) (629) (21)
Increase in inventories (171) (481) (180) (217) (462)
Deferred income taxes 197 319 387 804 (9,120)
Decrease (increase) in long-term accounts receivable 12 (50) 14 (9) 126
Increase (decrease) in trade payables 837 1,117 900 493 (654)
Decrease in other accounts payable and accrued expenses (701) (988) (291) (1,342) (1,845)
Net cash provided by operating activities 1,353 2,615 4,143 2,515 5,596
Cash flows from investing activities:          
Purchase of property and equipment (769) (1,094) (1,354) (2,248) (4,458)
Proceeds from sale of property and equipment 337 160 648 867 1,529
Acquisition of subsidiary (a) 0 0 0 0 (688)
Proceeds from sale of investments in previously consolidated subsidiaries (b) 0 0 0 0 (41)
Net cash used in investing activities (432) (934) (706) (1,381) (3,658)
Cash flows from financing activities:          
Receipt of long-term loans from banks 4,546 1,490 15,103 12,927 12,577
Repayment of long-term loans from banks (6,335) (2,597) (17,729) (4,803) (8,986)
Repayment of long-term loans from shareholders (19) (251) (32) (366) (301)
Proceeds from issuance of shares and exercise of options, net of issuance costs 0 6 6 10,065 10,074
Repurchase of shares from non-controlling interests 0 0 0 (7,740) (7,740)
Short-term bank credit, net (18) (1,382) (486) (2,582) (1,640)
Net cash provided by (used in) financing activities (1,826) (2,734) (3,138) 7,501 3,984
Effect of exchange rate changes on cash and cash equivalents 1,098 (227) (409) (194) (714)
Increase (decrease) in cash and cash equivalents 193 (1,280) (110) 8,441 5,208
Cash and cash equivalents at the beginning of the period 8,254 13,070 8,557 3,349 3,349
Cash and cash equivalents at the end of the period $ 8,447 $ 11,790 $ 8,447 $ 11,790 $ 8,557