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Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Cash flows from operating activities:          
Net income $ 1,925 $ 1,966 $ 3,694 $ 3,533 $ 16,521
Adjustments required to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 627 601 1,345 1,451 2,924
Accrued interest and exchange rate changes of debenture and long-term loans 24 25 52
Accrued severance pay, net (32) 54 46 112 93
Gain from sale of property and equipment, net (22) (49) (49) (67) (113)
Stock-based compensation expenses 244 106 386 217 380
Decrease (increase) in trade and unbilled receivables, net 200 (1,202) (788) (2,127) (1,616)
Decrease (increase) in other accounts receivable and prepaid expenses (749) 131 (1,370) (480) (206)
Decrease (increase) in inventories 541 (418) 751 (567) (1,170)
Decrease (increase) in deferred tax asset 186 452 341 822 (8,018)
Decrease (increase) in long-term unbilled and other accounts receivable (360) 123 (202) 52 165
Increase (decrease) in trade payables 358 (732) 247 (1,211) (1,597)
Increase (decrease) in other accounts payable and accrued expenses (1,214) 192 (382) 994 2,285
Net cash provided by operating activities 1,728 1,224 4,044 2,729 9,700
Cash flows from investing activities:          
Purchase of property and equipment (674) (344) (1,633) (1,112) (3,033)
Purchase of other intangible assets (233)
Proceeds from sale of property and equipment 22 37 49 55 114
Net cash used in investing activities (652) (307) (1,584) (1,057) (3,152)
Cash flows from financing activities:          
Repayment of long-term loans from banks (1,294) (1,063) (2,645) (2,013) (4,875)
Proceeds from issuance of shares in respect of stock-based compensation 76 197 81 276 395
Short-term bank credit, net 21 (21) 79 (302) (231)
Net cash used in financing activities (1,197) (887) (2,485) (2,039) (4,711)
Effect of exchange rate on cash and cash equivalents (477) (84) (182) 1 (528)
Decrease in cash and cash equivalents (598) (54) (207) (366) 1,309
Cash and cash equivalents at the beginning of the period 7,766 5,754 7,375 6,066 6,066
Cash and cash equivalents at the end of the period 7,168 5,700 7,168 5,700 7,375
(a) Non-cash activity:          
Purchase of property and equipment 35 54 66 156 61
Cash paid during the year for:          
Interest 141 176 305 380 224
Income taxes $ 58 $ 144 $ 246 $ 291 $ 540