Eltek (ELTK) 6-K 19 Feb 19 2018 Q3 Management’s Discussion and Analysis of Results Operations Financial data

Document And Entity Information

Document And Entity Information	9 Months Ended
	Sep. 30, 2018
Document And Entity Information [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,018
Entity Registrant Name	ELTEK LTD
Entity Central Index Key	1,024,672
Current Fiscal Year End Date	--12-31

INTERIM CONDENSED CONSOLIDATED

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Sep. 30, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents (Note 2)		$ 1,201	$ 887
Trade accounts receivable (net of allowance for doubtful accounts of $310 and $300 as of September 30, 2018 and December 31, 2017 respectively)		7,055	6,963
Inventories (Note 3)		4,330	3,871
Other accounts receivable and prepaid expenses		1,427	1,781
Total current assets		14,013	13,502
SEVERANCE PAY FUND		54	57
PROPERTY AND EQUIPMENT, NET		7,634	8,586
Total assets		21,701	22,145
CURRENT LIABILITIES:
Short-term credit and current maturities of long-term debt (Note 4)		7,042	7,063
Short-term credit from related party		2,757	1,442
Trade payables		6,300	5,451
Other accounts payable and accrued expenses		3,805	4,111
Total current liabilities		19,904	18,067
LONG-TERM LIABILITIES:
Long-term debt, excluding current maturities		151	388
Accrued severance pay		252	231
Total long-term liabilities		403	619
SHAREHOLDERS' EQUITY:
Ordinary shares, NIS 3.0 par value - Authorized: 10,000,000 shares at September 30, 2018 and December 31, 2017; Issued and outstanding: 2,028,552 and 2,028,552 shares at September 30, 2018 and December 31, 2017, respectively	[1]	1,985	1,985
Additional paid-in capital		17,270	17,270
Foreign currency translation adjustments		2,298	2,415
Capital reserves		723	695
Accumulated deficit		(20,882)	(18,906)
Total shareholders' equity		1,394	3,459
Total liabilities and shareholders' equity		$ 21,701	$ 22,145
[1]	Adjusted to reflect reverse split of shares.

INTERIM CONDENSED CONSOLIDATE_2

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands		Sep. 30, 2018USD ($)shares	Dec. 31, 2017USD ($)shares
Statement of Financial Position [Abstract]
Allowance for doubtful accounts | $		$ 310	$ 300
Ordinary shares, shares authorized		10,000,000	10,000,000
Ordinary shares, shares issued	[1]	2,028,552	2,028,552
Ordinary shares, shares outstanding	[1]	2,028,552	2,028,552
[1]	Adjusted to reflect reverse split of shares.

INTERIM CONDENSED CONSOLIDATE_3

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended			9 Months Ended			12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017		Sep. 30, 2018	Sep. 30, 2017		Dec. 31, 2017
Income Statement [Abstract]
Revenues	$ 8,503	$ 7,703		$ 26,112	$ 23,662		$ 32,754
Cost of revenues	(7,530)	(7,735)		(24,118)	(23,075)		(31,427)
Gross profit (loss)	973	(32)		1,994	587		1,327
Operating expenses:
Research and development		(3)		(1)	(38)		(41)
Selling, general and administrative	(1,280)	(1,166)		(3,648)	(3,399)		(4,704)
Operating loss	(307)	(1,201)		(1,655)	(2,850)		(3,418)
Financial expenses, net	(132)	(3)		(264)	(220)		(298)
Other income, net					15		15
Loss before taxes on income	(439)	(1,204)		(1,919)	(3,055)		(3,701)
Taxes on income	(24)	(2)		(57)	(52)		(74)
Loss	(463)	(1,206)		(1,976)	(3,107)		(3,775)
Other comprehensive income (loss):
Foreign currency translation adjustments	20	(60)		(117)	534		600
Total comprehensive loss	$ (443)	$ (1,266)		$ (2,093)	$ (2,573)		$ (3,175)
Basic and diluted loss per Ordinary share attributable to Eltek Ltd. shareholders	$ (0.23)	$ (0.59)	[1]	$ (0.97)	$ (1.53)	[1]	$ (1.58)	[1]
Weighted average number of Ordinary shares used to compute basic and diluted loss per Ordinary share attributable to Eltek Ltd. Shareholders	2,028,552	2,028,552		2,028,552	2,028,552		2,028,552
[1]	Adjusted to reflect reverse split of shares.

INTERIM STATEMENTS OF CHANGES I

INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands		Ordinary shares [Member]	Additional paid-in capital [Member]	Accumulated Other Comprehensive Income [Member]	Capital Reserves [Member]	Accumulated deficit [Member]	Total
Balance at Dec. 31, 2016		$ 1,985	$ 17,270	$ 1,815	$ 695	$ (15,131)	$ 6,634
Balance, shares at Dec. 31, 2016	[1]	2,028,552					2,028,552
Comprehensive income (loss):
Loss						(3,107)	$ (3,107)
Foreign currency translation adjustments				533			533
Balance at Sep. 30, 2017		$ 1,985	17,270	2,348	695	(18,238)	4,060
Balance, shares at Sep. 30, 2017	[1]	2,028,552
Balance at Dec. 31, 2016		$ 1,985	17,270	1,815	695	(15,131)	$ 6,634
Balance, shares at Dec. 31, 2016	[1]	2,028,552					2,028,552
Comprehensive income (loss):
Loss						(3,775)	$ (3,775)
Foreign currency translation adjustments				600			600
Balance at Dec. 31, 2017		$ 1,985	17,270	2,415	695	(18,906)	$ 3,459
Balance, shares at Dec. 31, 2017	[1]	2,028,552					2,028,552
Stock-based compensation					28		$ 28
Comprehensive income (loss):
Loss						(1,976)	(1,976)
Foreign currency translation adjustments				(117)			(117)
Balance at Sep. 30, 2018		$ 1,985	$ 17,270	$ 2,298	$ 723	$ (20,882)	$ 1,394
Balance, shares at Sep. 30, 2018	[1]	2,028,552					2,028,552
[1]	Adjusted to reflect reverse split of shares.

INTERIM CONDENSED CONSOLIDATE_4

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Loss	$ (463)	$ (1,206)	$ (1,976)	$ (3,107)	$ (3,775)
Adjustments to reconcile loss to net cash flows provided by (used in) operating activities:
Depreciation	416	432	1,282	1,284	1,722
Gain from sale of property and equipment				(13)	(13)
Revaluation of long term loans	(1)	2	23	5	17
Amortization of Intangible asset		348		348	348
Accrued severance pay, net	5	3	32	2	69
Decrease (increase) in trade receivables, net	1,016	168	(474)	377	(597)
Decrease (increase) in other accounts receivables and prepaid expenses	(538)	(737)	313	(802)	(1,249)
Increase (decrease) in inventories	253	(76)	(661)	(70)	471
Increase (decrease) in trade payables	(440)	(99)	645	(305)	(330)
Decrease in other accounts payables and accrued expenses	(84)	(118)	(134)	(294)	(107)
Net cash provided by (used in) operating activities	164	(1,283)	(950)	(2,575)	(3,444)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(86)	(71)	(196)	(232)	(275)
Net cash used in investing activities	(86)	(71)	(196)	(232)	(275)
CASH FLOWS FROM FINANCING ACTIVITIES:
Short- term bank credit, net	113	2,109	956	1,948	2,756
Short- term shareholder loan	275		1,431	1,430	1,430
Repayment of long-term loans	(225)	(230)	(690)	(636)	(870)
Proceeds from long-term loans		(36)	1	167	167
Repayment of property and equipment payables	(74)	(7)	(233)	(173)	(239)
Net cash used in financing activities	89	1,836	1,465	2,736	3,244
Effect of exchange rate on cash and cash equivalents	43	(271)	(5)	(160)	128
Increase (decrease) in cash and cash equivalents	210	211	314	(231)	(347)
Cash and cash equivalents at beginning of the period	991	792	887	1,234	1,234
Cash and cash equivalents at end of the period	1,201	1,003	1,201	1,003	887
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest	80	40	206	126	185
Non-cash activities:
Purchase of property and equipment in credit	$ 519	$ 107	$ 549	$ 232	$ 340

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note Organization and Summary of Significant Accounting Policies a. General: - Eltek Ltd. ("the Company") was organized in Israel in 1970, and its shares have been publicly traded on the NASDAQ Capital Market ("NASDAQ") since 1997. Eltek Ltd. and its subsidiaries (Eltek USA Inc. and Eltek Europe GmbH) are collectively referred to as "the Company". - The Company manufactures, markets and sells custom made printed circuit boards ("PCBs"), including high density interconnect, flex-rigid and multi-layered boards. The principal markets of the Company are in Israel, Europe and North America. - The Company markets its product The Company is controlled by Nistec Golan Ltd ("Nistec Golan"). Nistec Golan is controlled indirectly by Mr. Yitzhak Nissan, who owns, indirectly through Nistec Holdings Ltd., all of the shares of Nistec Ltd and Nistec Golan (Nistec Holding and/or any of its subsidiaries are referred to as "Nistec"). - The Company’s business is subject to numerous risks including, but not limited to, the impact of currency exchange rates (mainly NIS/US$), the Company's ability to implement its sales and manufacturing plans, the impact of competition from other companies, the Company's ability to receive regulatory clearance or approval to market its products, changes in regulatory environment, domestic and global economic conditions and industry conditions, and compliance with environmental laws and regulations. Due to these conditions and other financial and business factors, the Company's liquidity position, as well as its operating performance, was negatively affected. As a result, the Company incurred a net losses and suffered negative cash flows from its operating activities. As of September 30, 2018 the Company's working capital deficiency amounted to $5.9 million and its accumulated deficit amounted to approximately $20.9 million. The Company's liquidity position, as well as its operating performance, may be negatively affected by other financial and business factors, many of which are beyond its control. - On October 2, 2018, the Company received notification from NASDAQ advising the Company that as of October 1, 2018, the Company did not maintain stockholders’ equity of $2.5 million, nor does not meet the alternatives of market value of listed securities or net income from continuing operations, and therefore is not in compliance with the stockholders’ equity listing rule. On December 7, 2018, the Company have received a notice from NASDAQ advising that the Company have been granted an extension of time to regain compliance with the shareholders’ equity requirement until March 31, 2019. Therefore, the Company's Board of Directors decided to execute a rights offering. If the Company fails to provide evidence of compliance with the shareholders’ equity requirement by March 31, 2019, it may be subject to delisting from Capital Market. Nistec Golan has informed the Company that it commit to exercise its subscription right by converting approximately $2.5 million of debt owed to it by the Company into the Company’s ordinary shares in the rights offering. - In June 2017, due to continued losses and the Company's limited ability to obtain additional loans from the banks, the Company obtained a loan of NIS 5.0 million (approximately $ 1.4 million) from Nistec. The terms of the loan were amended in April 2018, with retroactive effect as of June 2017. In July 2017, the Company received a line of credit dedicated to a specific project of up to NIS 4.5 million (approximately $1.3 million) from Bank HaPoalim, guaranteed by Nistec Ltd., for a period of up to one year . In July 2018 Bank HaPoalim extended the dedicated line of credit. In January 2019 the Company reduced the line of credit to NIS 2.25 million (approximately $ 620). In November 2017, the Company obtained a loan of NIS 3 million (approximately $ 840) from Mizrahi-Tefahot Bank, guaranteed by Nistec. In March 2018, the Company obtained another loan from Nistec of NIS 4.0 million (approximately $ 1.1 million). In July 2018, in accordance with the Commitment Letter, the Company obtained another loan from Nistec of NIS 1.0 million (approximately $ 275). In April 2018, Nistec provided the Company a letter of commitment to provide the Company with additional financing in the amount of up to $ 2.5 million, valid for one year following the date of 2017 financial statements approval (the "Commitment Letter"). In April 2018, the Company’s Board of Directors approved the additional funding extended by Nistec in March 2018 and approved to receive a Commitment Letter from Nistec for providing the Company with financing, either through a bank loan guaranteed by Nistec, a loan extended directly by Nistec to the Company, or a combination thereof. In the event that Nistec will provide the Company with a loan, its terms will either be back-to-back to the terms at which Nistec obtains its financing, or, at Nistec’s discretion, such loan will bear no interest, but will be linked to the Israeli Consumer Price Index. In August 2018, the Company obtained a credit facility of NIS 7 million (approximately $ 1,930) from a non-banking financial institution, guaranteed by Nistec. In January 2019, Nistec provided the Company with an additional loan of NIS 2.0 million (approximately $530), due on April 30, 2019. However, the Company exercised an option to extend the term of the loan until May 1, 2020 as approved by Company's Audit Committee that determined that such extension is required for the Company’s orderly operations. As of January 2019, the total principal amounts of the loans received by the Company from Nistec, (as described above) is NIS 12 million (approximately $ 3.3 million). Nistec has agreed that in event that such loan will not be converted into ordinary shares of the Company, these loans will become due on or after May 1, 2020. In addition, Nistec guaranteed NIS 2.0 million (approximately US$530) of the Company's existing debt to bank Leumi, which is due to be repaid by April 30, 2019. As approved by Company's Audit Committee and Board of Directors, the Company exercised an option that Nistec will repay on April 30, 2019 the debt owed to the bank, and in such event, the guarantee will convert into a loan to the Company, which is due by May 1, 2020. In April 2014, the Company signed a new financial undertakings letter with one bank and in May 2014 with another bank . After the balance sheet date, one bank granted the Company a waiver from such non-compliance. The Company is require to meet these covenants in its financial statements for December 31, 2019 (to be issued no later than May 1, 2020) and the other bank granted the Company a waiver from such non-compliance, and adjusted the financial covenants, to be met in the Company's financial statements for December 31, 2019 (to be issued not later than 120 days from December 31, 2019). The adjusted covenants include: (i) adjusted shareholders' equity (excluding certain intangible and other assets) of at least $ 2.5 million; and (ii) Positive EBITDA (greater than zero). The Company expects that in case that its plans for the year 2019 will not be realized, it will not to meet the above mentioned financial covenants. As a result, Nistec provided the Company a commitment that in case that the Rights Offering will not be consummated and the Company will be expected not to be incompliance with the minimum adjusted equity covenant, Nistec will convert the debt owed to it by the Company into equity in terms to be agreed in good faith between the Company and Nistec, in order to enable the Company to meet its financial covenants. Nistec has also agreed that in the event that the guarantees that it provided to bank Mizrahi-Tefahot and to the non-banking institution will be exercised by bank Mizrahi-Tefahot and the non-banking financial institution, the amount due by the Company to Nistec as a result of the guarantee will be due by May 1, 2020. The Company's management believes that its current business plans and the commitments from Nistec will enable the Company to continue to operate for a period of at least one year from the date of the approval of these financial statements. In the event the Company will not be successful in generating sufficient cash from its current operations, the Company may be required to obtain additional financing from external sources. There is no assurance that such financing will be obtained. b. Basis of presentation: The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The consolidated financial statements include the accounts of the Company and its subsidiaries. The Company sells goods through its subsidiaries that function as distributors. All intercompany transactions and balances were eliminated in consolidation. The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany transactions and balances including profits from intercompany sales not yet realized outside the Company, have been eliminated upon consolidation. c. Functional and reporting currency: The Company's functional currency is the New Israeli Shekel ("NIS"). Transactions denominated in foreign currencies are translated into NIS using the prevailing exchange rates at the date of the transaction. Gains and losses from the translation of foreign currency transactions are recorded in financial income or expenses. The Company's reporting currency is the U.S. dollar. Assets and liabilities are translated to the reporting currency using the exchange rate at the end of the year. Revenues and expenses are translated into the reporting currency using the average exchange rate for each quarter. d. Translation of foreign entity operations: The financial statements of foreign subsidiaries are translated into the Company's functional currency as follows: 1. Assets and liabilities are translated according to the exchange rate on the consolidated balance sheet date. 2. Income and expense items are translated according to the weighted average exchange rate on a quarterly basis. 3. The resulting exchange rate differences are classified as a separate item in shareholders' equity. e. Exchange rates and linkage bases: 1. Balances linked to the Israeli Consumer Price Index ("CPI") are recorded pursuant to contractual linkage terms of the specific assets and liabilities. 2. Details of the CPI and the representative exchange rates are as follows: Israeli CPI Exchange rate $ 1 €1 Points N I S September 30, 2018 101.5 3.627 4.216 December 31, 2017 100.4 3.467 4.153 December 31, 2016 98.9 3.845 4.044 % September 30, 2018 1.1 4.6 1.5 December 31, 2017 1.5 (0.1 ) 2.7 December 31, 2016 (0.4 ) (1.5 ) (4.8 ) f. Use of estimates: The preparation of the consolidated financial statements in accordance with U.S. GAAP requires the management of the Company to make estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from these estimates. Significant items subject to such estimates and assumptions include the useful lives of fixed assets, allowance for doubtful accounts, deferred tax assets, inventory, income tax uncertainties and other contingencies. g. Unaudited interim financial statements: The accompanying consolidated balance sheet as of September 30, 2018, consolidated statements of income and comprehensive income (loss) for the three and nine months ended September 30, 2018 and 2017 and the consolidated statements of cash flows for the three and nine months ended September 30, 2018 and 2017 are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. In the preparation of the consolidated financial statements, the Company applied the significant accounting policies, on a consistent basis to the audited consolidated annual financial statements of the Company as of December 31, 2017 except as detailed in note 1h (accounting pronouncements adopted in 2018). In the opinion of management, the unaudited interim condensed consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the Company's consolidated financial position as of September 30, 2018, and the Company's consolidated cash flows and results of operations for the three and nine months ended September 30, 2018 and 2017. The balance sheet as of December 31, 2017 has been derived from the audited consolidated financial statements as of such date but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for a complete set of financial statements. These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended December 31, 2017 included in the Company's Annual Report on Form 20-F/A filed with the U.S. Securities and Exchange Commission (“SEC”) on April 30, 2018. h. Accounting Pronouncements adopted in 2018: In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606). Topic 606 supersedes the revenue recognition requirements in Topic 605 “Revenue Recognition” (Topic 605). The Company adopted the new standard effective January 1, 2018 using the modified retrospective method. The new standard had immaterial impact on the Company's unaudited interim consolidated financial statements. . i. Standards issued but not yet effective: In February 2016, the FASB issued Accounting Standards Update No. 2016-02 (Topic 842) "Leases". Topic 842 supersedes the lease requirements in Accounting Standards Codification (ASC) Topic 840, "Leases". Under Topic 842, lessees are required to recognize assets and liabilities on the balance sheet for most leases and provide enhanced disclosures. ASU No. 2016-02 is effective for interim and annual reporting periods beginning after December 15, 2018. In July 2018, the FASB issued amendments in ASU 2018-11, which provide another transition method in addition to the existing transition method, by allowing entities to initially apply the new leases standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption, and to not apply the new guidance in the comparative periods they present in the financial statements. The Company has elected to apply the standard retrospectively at the beginning of the period of adoption through a cumulative-effect adjustment. The Company also expects to elect certain relief options offered in ASU 2016-02 including certain available transitional practical expedients. The Company is still evaluating the final impact that this standard will have on the Company's financial statements and at this stage, the Company evaluates that the adoption of the new standard is not expected to have a material effect on the 2019 Consolidated Statements of Income.

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	9 Months Ended
	Sep. 30, 2018
Cash and Cash Equivalents [Abstract]
CASH AND CASH EQUIVALENTS	NOTE 2:- CASH AND CASH EQUIVALENTS September 30, December 31, 2018 2017 Unaudited Denominated in U.S. dollars 352 677 Denominated in NIS 689 33 Denominated in Euro 160 177 1,201 887

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2018
Inventory, Net [Abstract]
INVENTORIES	NOTE 3:- INVENTORIES September 30, December 31, 2018 2017 Unaudited Raw materials 1,704 1,616 Work in progress 1,827 1,638 Finished goods 799 617 4,330 3,871 In the nine months ended September 30, 2018 and 2017 and in the year ended December 31, 2017, the Company wrote off inventories in the amount of $ 323, $ 243 and $ 388, respectively. Raw materials inventory is net of $ 445, $ 53 and $ 285 of obsolete items as of September 30, 2018 and 2017 and December 31, 2017, respectively.

SHORT-TERM CREDIT AND CURRENT M

SHORT-TERM CREDIT AND CURRENT MATURITIES OF LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2018
Long-term Debt, Current Maturities [Abstract]
SHORT-TERM CREDIT AND CURRENT MATURITIES OF LONG-TERM DEBT	NOTE 4:- Short-term Credit and Current Maturities of Long-term Debt Banks: Interest September 30, September 30, December 31, 2018 2018 2017 % Unaudited In NIS bears interest rate of Prime+0.85% to Prime+2.7% 2.45% - 4.3 % 4,246 5,207 Short term credit from others 4.00 % 1,698 - Long-term debt from banks in NIS bears interest of Prime rate (*) 2.50 % 1,097 1,856 7,042 7,063 *) The amounts of $ 215 and $ 911 have been classified from long term debt as of September 30, 2018 and December 31, 2017, respectively.

LONG-TERM DEBT, EXCLUDING CURRE

LONG-TERM DEBT, EXCLUDING CURRENT MATURITIES	9 Months Ended
	Sep. 30, 2018
Long-term Debt, Excluding Current Maturities [Abstract]
LONG-TERM DEBT, EXCLUDING CURRENT MATURITIES	NOTE 5:- LONG-TERM DEBT, EXCLUDING CURRENT MATURITIES Banks and others: Interest September 30, September 30, December 31, 2018 2018 2017 Linkage terms: % Unaudited U.S. dollar 5 184 290 NIS - fix interest rate 5-5.6 267 398 451 688 Less - current maturities (trade payables) (300 ) (300 ) 151 388 *) The amounts are presented net of $ 215 and $ 911 that were classified to short term debt as of September 30, 2018 and December 31, 2017, respectively. Minimum future payments at September 30, 2018 due under the long-term (including capital lease) debt are as follows: Long-term loan First year 300 Second year 135 Third year 16 451 Long-term debt includes capital leases in the amounts of $ 451 and $ 688 and current maturities of long-term debt of $ 300 and $ 300 at September 30, 2018 and December 31, 2017, respectively. The current maturities are classified to the trade payable balance as of September 30, 2018 and December 31, 2017, respectively. As to pledges securing the loans, see Note 6a.

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 6:- COMMITMENTS AND CONTINGENT LIABILITIES a. Pledges: 1. The Company has pledged certain items of its equipment and the rights to any insurance claims on such items to secure its debts to banks, as well as placed floating liens on all of its remaining assets in favor of the banks. 2. The Company has also pledged machines to secure its indebtedness to certain suppliers that provided financing for such equipment. b. Operating leases and other agreements: 1. The premises occupied by the Company are leased under two lease agreements that expire in August 2022 and December 2022, respectively. 2. The Company has an obligation to purchase inventory that is held by a supplier in the total amount of $ 415. 3. The Company's motor vehicles are leased under operating lease agreements, mainly for three-year terms. 4. Minimum future payments at September 30, 2018 due under the above agreements over the next five years and thereafter are as follows: Premises leases Other agreements First year 896 622 Second year 896 525 Third year 896 251 Fourth year 394 169 Fifth year and thereafter 9 160 3,091 1,727 Payments required under these agreements are charged to expense on a straight-line method over the periods of the respective leases. Expenses recorded under these agreements for the nine months ended September 30, 2018 and 2017 and for the year ended December 31, 2017 were $ 1,294, $ 1,211 and $ 1,608, respectively. c. Indemnification agreement: The Company entered into an indemnification agreement with each of its directors and officers and undertook to enter into the same agreement with future directors and officers. Such indemnification amount is limited to 25% of the Company's shareholders' equity. The Israeli Companies Law provides that an Israeli company cannot exculpate an officer from liability with respect to a breach of his or her duty of loyalty. If permitted by its articles of association, a company may exculpate in advance an officer from his or her liability to the company, in whole or in part, with respect to a breach of his or her duty of care. However, a company may not exculpate in advance a director from his or her liability to the company with respect to a breach of his duty of care with respect to distributions. The Company's articles of association allow it to exculpate any officer from his or her liability for breach of duty of care, to the maximum extent permitted by law, before or after the occurrence giving rise to such liability. The Company provided an exculpation letter to each of its directors and officers, and agreed to provide the same to future officers. d. Contingent Liabilities: In connection with the change of control of the Company that resulted from Nistec’s acquisition of a controlling stake in the Company, Israeli law requires it to obtain a new business permit in order to continue operating its business. The Company has submitted an application for this permit and received a permit until 2099. The new permit is subject to certain conditions, especially certain conditions imposed by the Israeli Ministry for Environmental Protection. Compliance with these conditions may be costly. In October 2015, the Company filed an application for an emissions permit with the Ministry. In January 2016, the Company received a notice of non-compliance from the Ministry, stating that the application was incomplete and that the Company is in breach of the Clean Air Law, 5768-2008 and the Licensing of Businesses Law, 5728-1968. The Company submitted amended application and conducted discussions with the Ministry throughout 2016 and 2017. The Company received the emissions permit in July 2017. Employee related matters In May 2008, a lawsuit was filed by one of the Company’s former employees alleging that he had suffered personal injuries during his employment and he is seeking aggregate financial compensation of approximately $ 71 for past damages and additional amounts for future lost income, pain and suffering as the court may determine. Four other employees notified the Company in January 2011 and July 2013, that they allegedly suffered personal injuries during their employment with the Company. Of these four employees, one is seeking compensation of $ 162 and the others did not state their claim amount. The Company submitted all these claims to its insurance company, which informed the Company that it is reviewing the statements of claim without prejudicing its rights to deny coverage. During the period November 2015 through January 2016, two former employees filed law suits seeking additional payments in connection with their employment with the Company and subsequent termination. On August 2018 a court decision was provided for one of the labor suits, and a provision was recorded accordingly. On October 2018, both the Company and this former employee appealed on the labor court’s previous decision. The aggregate amount claimed for the above mention labor suits is approximately $ 700. The Company recorded a provision according to its legal advisor's opinion.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2018
Stockholders' Equity Attributable to Parent [Abstract]
SHAREHOLDERS' EQUITY	NOTE 7:- SHAREHOLDERS' EQUITY Authorized, issued and outstanding share capital in historical terms is as follows: Authorized Issued and outstanding September 30, 2018 and December 31, September 30, December 31, 2017 2018 2017 ( *) Number of shares Ordinary shares of par value NIS 3.0 each 10,000,000 2,028,552 2,028,552 Amount in U.S. dollars Ordinary shares of par value NIS 3.0 each 397,056 397,056 *) Respectively adjusted to reflect reverse split of shares.

ENTITY WIDE DISCLOSURES

ENTITY WIDE DISCLOSURES	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
ENTITY WIDE DISCLOSURES	NOTE 8:- ENTITY WIDE DISCLOSURES a. Customers who accounted for over 10% of the total consolidated revenues: Nine months ended September 30, Three months ended September 30, Year ended December 31, 2018 2017 2018 2017 2017 Unaudited Customer A - sales of manufactured products 11.9 % 16.0 % 10.8 % 12.1 % 14.6 % b. Revenues by geographic areas: Nine months ended September 30, Three months ended September 30, Year ended December 31, 2018 2017 2018 2017 2017 Unaudited Israel 14,811 14,365 4,831 4,947 19,730 North America 4,922 3,550 1,810 1,185 5,219 The Netherlands 2,463 1,758 816 531 2,407 Europe 1,728 1,554 363 372 2,016 India 1,578 1,699 430 484 2,362 Others 610 736 253 184 1,020 26,112 23,662 8,503 7,703 32,754

TAXES ON INCOME

TAXES ON INCOME	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
TAXES ON INCOME	NOTE 9:- TAXES ON INCOME a. Deferred tax assets and liabilities: The Company recorded a full valuation allowance for deferred tax assets with respect to its deferred tax assets in Israel due to uncertainty about its ability to utilize such losses in the future. The ultimate realization of deferred tax assets depends on the generation of future taxable income during the periods in which those temporary differences are deductible. Management considers the scheduled reversal of deferred tax liabilities, projected taxable income, and tax-planning strategies in making this assessment. b. Reconciliation of the theoretical income tax (expense) benefit to the actual income tax expense: For the nine months period ended September 30, 2018 the main differences between the theoretical tax expenses (statutory tax rate of 23%) and the actual tax expenses are tax benefit arising from "Beneficiating and Preferred enterprises" and valuation allowance of deferred tax asset in regards to carryforward tax losses. c. Accounting for uncertainty in income taxes: As of December 31, 2017 and September 30, 2018, the Company did not have any unrecognized tax benefits and thus, no interest and penalties related to unrecognized tax benefits were recorded. In addition, the Company does not expect that the amount of unrecognized tax benefits will change significantly within the next twelve-month months.

RELATED PARTY BALANCES AND TRAN

RELATED PARTY BALANCES AND TRANSACTIONS	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
RELATED PARTY BALANCES AND TRANSACTIONS	NOTE 10:- RELATED PARTY BALANCES AND TRANSACTIONS Nistec, a related party of the Company, is also a customer of the company. The Company sells products to Nistec, pays management fees to Nistec, purchases certain services from Nistec and shares certain expenses with Nistec, for services that it acquires jointly with Nistec. The Company's transactions with its related parties were carried out on an arm's-length basis. a. Balances with related parties: September 30, December 31, 2018 2017 Unaudited Trade accounts receivable 142 231 Trade accounts payable 87 73 Controlling shareholder loans (*) 2,757 1,442 (*) See also Note 1(a) b. Transactions with related parties: Nine months ended September 30, Three months ended September 30, Year ended December 31, 2018 2017 2018 2017 2017 Unaudited Revenues 615 313 142 150 604 Purchases, selling, general and administrative expenses 238 459 72 89 469 Interest from Loans from controlling shareholder 64 - 18 - - PCB purchases by Nistec - Soldering and assembly services Insurance expenditures Employees social activities Marketing activities Managements fees The extension and amendment of the Management Agreement with Nistec Ltd. as follows: 1. Commencing in 2017 and each calendar year thereafter, in the event that the Company’s Consolidated Financial Statements reflect that the Company has reached both sales and profit targets as set for the applicable year in the Company’s Officers Bonus Plan, Nistec Ltd. will be entitled to a bonus equal to two percent (2%) of the Company’s annual profit before taxes for such year, up to NIS 200 per year; 2. In accordance with the Company’s policy approved by the Audit Committee, Mr. Nissan will receive reimbursement, against receipts, of travel expenses paid directly by him (other than food and beverage expenses) while traveling internationally on behalf of the Company provided that such reimbursement will not exceed an aggregate amount of NIS 10 per calendar quarter, 3. Mr. Nissan will receive reimbursement of food and beverage expenses while traveling internationally on behalf of the Company, in accordance with the Israeli Income Tax Regulations (Deduction of Certain Expenses), 1972. 4. During the period Mr. Nissan served as both the Company’s Chief Executive Officer and Chairman of the Board of Directors, the Company will pay for the lease of a car for Mr. Nissan with a list price not to exceed NIS 250. Mr. Nissan ceased to serve as the Company CEO on June 2018. 5. The extension of the Directors and Officers Indemnity Agreement with Mr. Yitzhak Nissan. These transactions were approved by the Company's shareholders in the annual general meeting, held on December 29, 2016. Employment of Yitzhak Nissan's daughter Loans and guarantees from Nistec

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	NOTE 11:- STOCK BASED COMPENSATION The Company’s 2018 Share Incentive Plan (the "Plan") authorized the grant of options to purchase shares and restricted shares unites (“RSUs”) to officers, employees, directors and consultants of the Company and its Subsidiaries. Awards granted under the Plan to participants in various jurisdictions may be subject to specific terms and conditions for such grants as may be approved by the Company’s board from time to time. Each option granted under the Plan is exercisable for a period of ten years from the date of the grant of the option or the expiration dates of the option plan. The options primarily vest gradually over four years of employment. During July 2018 the Company granted 60,857 options to the Company’s CEO, to acquire 60,857 Ordinary shares under the Plan. Total fair value of the options granted was $193 to be recognized over four years vesting period. The stock-based compensation expense related to employees' equity-based awards, recognized during the third quarter of 2018 was $28.

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	a. General: - Eltek Ltd. ("the Company") was organized in Israel in 1970, and its shares have been publicly traded on the NASDAQ Capital Market ("NASDAQ") since 1997. Eltek Ltd. and its subsidiaries (Eltek USA Inc. and Eltek Europe GmbH) are collectively referred to as "the Company". - The Company manufactures, markets and sells custom made printed circuit boards ("PCBs"), including high density interconnect, flex-rigid and multi-layered boards. The principal markets of the Company are in Israel, Europe and North America. - The Company markets its product The Company is controlled by Nistec Golan Ltd ("Nistec Golan"). Nistec Golan is controlled indirectly by Mr. Yitzhak Nissan, who owns, indirectly through Nistec Holdings Ltd., all of the shares of Nistec Ltd and Nistec Golan (Nistec Holding and/or any of its subsidiaries are referred to as "Nistec"). - The Company’s business is subject to numerous risks including, but not limited to, the impact of currency exchange rates (mainly NIS/US$), the Company's ability to implement its sales and manufacturing plans, the impact of competition from other companies, the Company's ability to receive regulatory clearance or approval to market its products, changes in regulatory environment, domestic and global economic conditions and industry conditions, and compliance with environmental laws and regulations. Due to these conditions and other financial and business factors, the Company's liquidity position, as well as its operating performance, was negatively affected. As a result, the Company incurred a net losses and suffered negative cash flows from its operating activities. As of September 30, 2018 the Company's working capital deficiency amounted to $5.9 million and its accumulated deficit amounted to approximately $20.9 million. The Company's liquidity position, as well as its operating performance, may be negatively affected by other financial and business factors, many of which are beyond its control. - On October 2, 2018, the Company received notification from NASDAQ advising the Company that as of October 1, 2018, the Company did not maintain stockholders’ equity of $2.5 million, nor does not meet the alternatives of market value of listed securities or net income from continuing operations, and therefore is not in compliance with the stockholders’ equity listing rule. On December 7, 2018, the Company have received a notice from NASDAQ advising that the Company have been granted an extension of time to regain compliance with the shareholders’ equity requirement until March 31, 2019. Therefore, the Company's Board of Directors decided to execute a rights offering. If the Company fails to provide evidence of compliance with the shareholders’ equity requirement by March 31, 2019, it may be subject to delisting from Capital Market. Nistec Golan has informed the Company that it commit to exercise its subscription right by converting approximately $2.5 million of debt owed to it by the Company into the Company’s ordinary shares in the rights offering. - In June 2017, due to continued losses and the Company's limited ability to obtain additional loans from the banks, the Company obtained a loan of NIS 5.0 million (approximately $ 1.4 million) from Nistec. The terms of the loan were amended in April 2018, with retroactive effect as of June 2017. In July 2017, the Company received a line of credit dedicated to a specific project of up to NIS 4.5 million (approximately $1.3 million) from Bank HaPoalim, guaranteed by Nistec Ltd., for a period of up to one year . In July 2018 Bank HaPoalim extended the dedicated line of credit. In January 2019 the Company reduced the line of credit to NIS 2.25 million (approximately $ 620). In November 2017, the Company obtained a loan of NIS 3 million (approximately $ 840) from Mizrahi-Tefahot Bank, guaranteed by Nistec. In March 2018, the Company obtained another loan from Nistec of NIS 4.0 million (approximately $ 1.1 million). In July 2018, in accordance with the Commitment Letter, the Company obtained another loan from Nistec of NIS 1.0 million (approximately $ 275). In April 2018, Nistec provided the Company a letter of commitment to provide the Company with additional financing in the amount of up to $ 2.5 million, valid for one year following the date of 2017 financial statements approval (the "Commitment Letter"). In April 2018, the Company’s Board of Directors approved the additional funding extended by Nistec in March 2018 and approved to receive a Commitment Letter from Nistec for providing the Company with financing, either through a bank loan guaranteed by Nistec, a loan extended directly by Nistec to the Company, or a combination thereof. In the event that Nistec will provide the Company with a loan, its terms will either be back-to-back to the terms at which Nistec obtains its financing, or, at Nistec’s discretion, such loan will bear no interest, but will be linked to the Israeli Consumer Price Index. In August 2018, the Company obtained a credit facility of NIS 7 million (approximately $ 1,930) from a non-banking financial institution, guaranteed by Nistec. In January 2019, Nistec provided the Company with an additional loan of NIS 2.0 million (approximately $530), due on April 30, 2019. However, the Company exercised an option to extend the term of the loan until May 1, 2020 as approved by Company's Audit Committee that determined that such extension is required for the Company’s orderly operations. As of January 2019, the total principal amounts of the loans received by the Company from Nistec, (as described above) is NIS 12 million (approximately $ 3.3 million). Nistec has agreed that in event that such loan will not be converted into ordinary shares of the Company, these loans will become due on or after May 1, 2020. In addition, Nistec guaranteed NIS 2.0 million (approximately US$530) of the Company's existing debt to bank Leumi, which is due to be repaid by April 30, 2019. As approved by Company's Audit Committee and Board of Directors, the Company exercised an option that Nistec will repay on April 30, 2019 the debt owed to the bank, and in such event, the guarantee will convert into a loan to the Company, which is due by May 1, 2020. In April 2014, the Company signed a new financial undertakings letter with one bank and in May 2014 with another bank . After the balance sheet date, one bank granted the Company a waiver from such non-compliance. The Company is require to meet these covenants in its financial statements for December 31, 2019 (to be issued no later than May 1, 2020) and the other bank granted the Company a waiver from such non-compliance, and adjusted the financial covenants, to be met in the Company's financial statements for December 31, 2019 (to be issued not later than 120 days from December 31, 2019). The adjusted covenants include: (i) adjusted shareholders' equity (excluding certain intangible and other assets) of at least $ 2.5 million; and (ii) Positive EBITDA (greater than zero). The Company expects that in case that its plans for the year 2019 will not be realized, it will not to meet the above mentioned financial covenants. As a result, Nistec provided the Company a commitment that in case that the Rights Offering will not be consummated and the Company will be expected not to be incompliance with the minimum adjusted equity covenant, Nistec will convert the debt owed to it by the Company into equity in terms to be agreed in good faith between the Company and Nistec, in order to enable the Company to meet its financial covenants. Nistec has also agreed that in the event that the guarantees that it provided to bank Mizrahi-Tefahot and to the non-banking institution will be exercised by bank Mizrahi-Tefahot and the non-banking financial institution, the amount due by the Company to Nistec as a result of the guarantee will be due by May 1, 2020. The Company's management believes that its current business plans and the commitments from Nistec will enable the Company to continue to operate for a period of at least one year from the date of the approval of these financial statements. In the event the Company will not be successful in generating sufficient cash from its current operations, the Company may be required to obtain additional financing from external sources. There is no assurance that such financing will be obtained.
Basis of presentation	b. Basis of presentation: The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The consolidated financial statements include the accounts of the Company and its subsidiaries. The Company sells goods through its subsidiaries that function as distributors. All intercompany transactions and balances were eliminated in consolidation. The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany transactions and balances including profits from intercompany sales not yet realized outside the Company, have been eliminated upon consolidation.
Functional and reporting currency	c. Functional and reporting currency: The Company's functional currency is the New Israeli Shekel ("NIS"). Transactions denominated in foreign currencies are translated into NIS using the prevailing exchange rates at the date of the transaction. Gains and losses from the translation of foreign currency transactions are recorded in financial income or expenses. The Company's reporting currency is the U.S. dollar. Assets and liabilities are translated to the reporting currency using the exchange rate at the end of the year. Revenues and expenses are translated into the reporting currency using the average exchange rate for each quarter.
Translation of foreign entity operations	d. Translation of foreign entity operations: The financial statements of foreign subsidiaries are translated into the Company's functional currency as follows: 1. Assets and liabilities are translated according to the exchange rate on the consolidated balance sheet date. 2. Income and expense items are translated according to the weighted average exchange rate on a quarterly basis. 3. The resulting exchange rate differences are classified as a separate item in shareholders' equity.
Exchange rates and linkage bases	e. Exchange rates and linkage bases: 1. Balances linked to the Israeli Consumer Price Index ("CPI") are recorded pursuant to contractual linkage terms of the specific assets and liabilities. 2. Details of the CPI and the representative exchange rates are as follows: Israeli CPI Exchange rate $ 1 €1 Points N I S September 30, 2018 101.5 3.627 4.216 December 31, 2017 100.4 3.467 4.153 December 31, 2016 98.9 3.845 4.044 % September 30, 2018 1.1 4.6 1.5 December 31, 2017 1.5 (0.1 ) 2.7 December 31, 2016 (0.4 ) (1.5 ) (4.8 )
Use of estimates	f. Use of estimates: The preparation of the consolidated financial statements in accordance with U.S. GAAP requires the management of the Company to make estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from these estimates. Significant items subject to such estimates and assumptions include the useful lives of fixed assets, allowance for doubtful accounts, deferred tax assets, inventory, income tax uncertainties and other contingencies.
Unaudited interim financial statements	g. Unaudited interim financial statements: The accompanying consolidated balance sheet as of September 30, 2018, consolidated statements of income and comprehensive income (loss) for the three and nine months ended September 30, 2018 and 2017 and the consolidated statements of cash flows for the three and nine months ended September 30, 2018 and 2017 are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. In the preparation of the consolidated financial statements, the Company applied the significant accounting policies, on a consistent basis to the audited consolidated annual financial statements of the Company as of December 31, 2017 except as detailed in note 1h (accounting pronouncements adopted in 2018). In the opinion of management, the unaudited interim condensed consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the Company's consolidated financial position as of September 30, 2018, and the Company's consolidated cash flows and results of operations for the three and nine months ended September 30, 2018 and 2017. The balance sheet as of December 31, 2017 has been derived from the audited consolidated financial statements as of such date but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for a complete set of financial statements. These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended December 31, 2017 included in the Company's Annual Report on Form 20-F/A filed with the U.S. Securities and Exchange Commission (“SEC”) on April 30, 2018.
Accounting Pronouncements adopted in 2018	h. Accounting Pronouncements adopted in 2018: In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606). Topic 606 supersedes the revenue recognition requirements in Topic 605 “Revenue Recognition” (Topic 605). The Company adopted the new standard effective January 1, 2018 using the modified retrospective method. The new standard had immaterial impact on the Company's unaudited interim consolidated financial statements.
Standards issued but not yet effective	i. Standards issued but not yet effective: In February 2016, the FASB issued Accounting Standards Update No. 2016-02 (Topic 842) "Leases". Topic 842 supersedes the lease requirements in Accounting Standards Codification (ASC) Topic 840, "Leases". Under Topic 842, lessees are required to recognize assets and liabilities on the balance sheet for most leases and provide enhanced disclosures. ASU No. 2016-02 is effective for interim and annual reporting periods beginning after December 15, 2018. In July 2018, the FASB issued amendments in ASU 2018-11, which provide another transition method in addition to the existing transition method, by allowing entities to initially apply the new leases standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption, and to not apply the new guidance in the comparative periods they present in the financial statements. The Company has elected to apply the standard retrospectively at the beginning of the period of adoption through a cumulative-effect adjustment. The Company also expects to elect certain relief options offered in ASU 2016-02 including certain available transitional practical expedients. The Company is still evaluating the final impact that this standard will have on the Company's financial statements and at this stage, the Company evaluates that the adoption of the new standard is not expected to have a material effect on the 2019 Consolidated Statements of Income.

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Exchange Rates And Linkage Bases	Details of the CPI and the representative exchange rates are as follows: Israeli CPI Exchange rate $ 1 €1 Points N I S September 30, 2018 101.5 3.627 4.216 December 31, 2017 100.4 3.467 4.153 December 31, 2016 98.9 3.845 4.044 % September 30, 2018 1.1 4.6 1.5 December 31, 2017 1.5 (0.1 ) 2.7 December 31, 2016 (0.4 ) (1.5 ) (4.8 )

CASH AND CASH EQUIVALENTS (Tabl

CASH AND CASH EQUIVALENTS (Tables)	9 Months Ended
	Sep. 30, 2018
Cash and Cash Equivalents [Abstract]
Schedule Of Cash and Cash Equivalents	September 30, December 31, 2018 2017 Unaudited Denominated in U.S. dollars 352 677 Denominated in NIS 689 33 Denominated in Euro 160 177 1,201 887

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2018
Inventory, Net [Abstract]
Schedule Of Inventories	September 30, December 31, 2018 2017 Unaudited Raw materials 1,704 1,616 Work in progress 1,827 1,638 Finished goods 799 617 4,330 3,871

SHORT-TERM CREDIT AND CURRENT_2

SHORT-TERM CREDIT AND CURRENT MATURITIES OF LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2018
Long-term Debt, Current Maturities [Abstract]
Schedule Of Short-Term Credit And Current Maturities Of Long-Term Debt	Banks: Interest September 30, September 30, December 31, 2018 2018 2017 % Unaudited In NIS bears interest rate of Prime+0.85% to Prime+2.7% 2.45% - 4.3 % 4,246 5,207 Short term credit from others 4.00 % 1,698 - Long-term debt from banks in NIS bears interest of Prime rate (*) 2.50 % 1,097 1,856 7,042 7,063 *) The amounts of $ 215 and $ 911 have been classified from long term debt as of September 30, 2018 and December 31, 2017, respectively.

LONG-TERM DEBT, EXCLUDING CUR_2

LONG-TERM DEBT, EXCLUDING CURRENT MATURITIES (Tables)	9 Months Ended
	Sep. 30, 2018
Long-term Debt, Excluding Current Maturities [Abstract]
Schedule Of Long-Term Debt	Banks and others: Interest September 30, September 30, December 31, 2018 2018 2017 Linkage terms: % Unaudited U.S. dollar 5 184 290 NIS - fix interest rate 5-5.6 267 398 451 688 Less - current maturities (trade payables) (300 ) (300 ) 151 388 *) The amounts are presented net of $ 215 and $ 911 that were classified to short term debt as of September 30, 2018 and December 31, 2017, respectively.
Schedule Of Maturities Of Long-Term Debt (Including Capital Lease)	Minimum future payments at September 30, 2018 due under the long-term (including capital lease) debt are as follows: Long-term loan First year 300 Second year 135 Third year 16 451

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule Of Minimum Future Payments Due Under Operating Leases	Minimum future payments at September 30, 2018 due under the above agreements over the next five years and thereafter are as follows: Premises leases Other agreements First year 896 622 Second year 896 525 Third year 896 251 Fourth year 394 169 Fifth year and thereafter 9 160 3,091 1,727

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2018
Stockholders' Equity Attributable to Parent [Abstract]
Authorized, Issued And Outstanding Share Capital	Authorized, issued and outstanding share capital in historical terms is as follows: Authorized Issued and outstanding September 30, 2018 and December 31, September 30, December 31, 2017 2018 2017 ( *) Number of shares Ordinary shares of par value NIS 3.0 each 10,000,000 2,028,552 2,028,552 Amount in U.S. dollars Ordinary shares of par value NIS 3.0 each 397,056 397,056 *) Respectively adjusted to reflect reverse split of shares.

ENTITY WIDE DISCLOSURES (Tables

ENTITY WIDE DISCLOSURES (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Customers Who Accounted For Over 10% Of The Total Consolidated Revenues	Customers who accounted for over 10% of the total consolidated revenues: Nine months ended September 30, Three months ended September 30, Year ended December 31, 2018 2017 2018 2017 2017 Unaudited Customer A - sales of manufactured products 11.9 % 16.0 % 10.8 % 12.1 % 14.6 %
Revenues By Geographic Areas	Revenues by geographic areas: Nine months ended September 30, Three months ended September 30, Year ended December 31, 2018 2017 2018 2017 2017 Unaudited Israel 14,811 14,365 4,831 4,947 19,730 North America 4,922 3,550 1,810 1,185 5,219 The Netherlands 2,463 1,758 816 531 2,407 Europe 1,728 1,554 363 372 2,016 India 1,578 1,699 430 484 2,362 Others 610 736 253 184 1,020 26,112 23,662 8,503 7,703 32,754

RELATED PARTY BALANCES AND TR_2

RELATED PARTY BALANCES AND TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related Party Balances And Transactions	Balances with related parties: September 30, December 31, 2018 2017 Unaudited Trade accounts receivable 142 231 Trade accounts payable 87 73 Controlling shareholder loans (*) 2,757 1,442 (*) See also Note 1(a)

ORGANIZATION AND SUMMARY OF S_4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) ₪ in Thousands, $ in Thousands

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Jan. 31, 2019USD ($)

Jan. 31, 2019ILS (₪)

Aug. 31, 2018USD ($)

Aug. 31, 2018ILS (₪)

Jul. 31, 2018USD ($)

Jul. 31, 2018ILS (₪)

Apr. 30, 2018USD ($)

Mar. 31, 2018USD ($)

Mar. 31, 2018ILS (₪)

Nov. 30, 2017USD ($)

Nov. 30, 2017ILS (₪)

Jul. 30, 2017USD ($)

Jul. 30, 2017ILS (₪)

Jun. 30, 2017USD ($)

Jun. 30, 2017ILS (₪)

Apr. 30, 2014USD ($)

Sep. 30, 2018USD ($)

Sep. 30, 2017USD ($)

Sep. 30, 2018USD ($)

Sep. 30, 2017USD ($)

Dec. 31, 2017USD ($)

Estimated useful life

10 years

Impairment on goodwill

Income tax position measurement and recognition, Likelihood of position being realized, Minimum percentage

50.00%

Inventory writedowns

$ 323

$ 243

$ 388

Proceeds from related party debt

$ 18

64

Working capital deficit

5,900

5,900

Accumulated deficit

(20,882)

(20,882)

$ (18,906)

Minimum [Member]

Adjusted shareholders equity

$ 2,500

$ 2,500

Nistec [Member]

Proceeds from related party debt

$ 275

$ 2,500

$ 1,100

$ 1,400

Proceeds from line of credit

$ 1,930

Nistec [Member] | Subsequent Event [Member]

Proceeds from line of credit

$ 530

Nistec [Member] | Subsequent Event [Member] | Maximum [Member]

Proceeds from related party debt

3,300

Nistec [Member] | Mizrahi-Tefahot Bank [Member]

Proceeds from related party debt

$ 840

Nistec [Member] | Bank HaPoalim [Member]

Proceeds from line of credit

$ 1,300

Period of line of credit

1 year

1 year

Nistec [Member] | Bank HaPoalim [Member] | Subsequent Event [Member]

Proceeds from line of credit

620

Nistec [Member] | Bank Leumi [Member] | Subsequent Event [Member] | Maximum [Member]

Proceeds from line of credit

$ 530

Nistec [Member] | NIS [Member]

Proceeds from related party debt | ₪

₪ 1,000

₪ 4,000

₪ 5,000

Proceeds from line of credit | ₪

₪ 7,000

Nistec [Member] | NIS [Member] | Subsequent Event [Member]

Proceeds from line of credit | ₪

₪ 2,000

Nistec [Member] | NIS [Member] | Subsequent Event [Member] | Maximum [Member]

Proceeds from related party debt | ₪

12,000

Nistec [Member] | NIS [Member] | Mizrahi-Tefahot Bank [Member]

Proceeds from related party debt | ₪

₪ 3,000

Nistec [Member] | NIS [Member] | Bank HaPoalim [Member]

Proceeds from line of credit | ₪

₪ 4,500

Nistec [Member] | NIS [Member] | Bank HaPoalim [Member] | Subsequent Event [Member]

Proceeds from line of credit | ₪

2,250

Nistec [Member] | NIS [Member] | Bank Leumi [Member] | Subsequent Event [Member] | Maximum [Member]

Proceeds from line of credit | ₪

₪ 2,000

Creditor Bank One [Member]

Minimum shareholder's equity to be maintained under debt covenants

$ 4,500

Ratio of shareholders' equity to total assets required to be maintained under debt covenants

17.00%

Debt service ratio required to be maintained under debt covenants

1.5

ORGANIZATION AND SUMMARY OF S_5

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Exchange Rates And Linkage Bases) (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Exchange Rate [Line Items]
Israeli CPI Points	101.5	100.4	98.9
Israeli CPI Points, Change in period	1.1	1.5	(0.4)
U.S. Dollar To NIS [Member]
Exchange Rate [Line Items]
Exchange rate	3.627	3.467	3.845
Exchange rate, Change in period	4.60%	(0.10%)	(1.50%)
Euro To NIS [Member]
Exchange Rate [Line Items]
Exchange rate	4.216	4.153	4.044
Exchange rate, Change in period	1.50%	2.70%	(4.80%)

CASH AND CASH EQUIVALENTS (Deta

CASH AND CASH EQUIVALENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Cash and Cash Equivalents [Line Items]
Cash	$ 1,201	$ 991	$ 887	$ 1,003	$ 792	$ 1,234
Denominated In USD [Member]
Cash and Cash Equivalents [Line Items]
Cash	352		677
Denominated In NIS [Member]
Cash and Cash Equivalents [Line Items]
Cash	689		33
Denominated In EUR [Member]
Cash and Cash Equivalents [Line Items]
Cash	$ 160		$ 177

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Inventory, Net [Abstract]
Raw materials	$ 1,704	$ 1,616
Work-in-progress	1,827	1,638
Finished goods	799	617
Total inventories	$ 4,330	$ 3,871

INVENTORIES (Narrative) (Detail

INVENTORIES (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Inventories Narrative
Obsolete raw material inventory	$ 445	$ 53	$ 285
Inventory writedowns	$ 323	$ 243	$ 388

SHORT-TERM CREDIT AND CURRENT_3

SHORT-TERM CREDIT AND CURRENT MATURITIES OF LONG-TERM DEBT (Details) - USD ($) $ in Thousands		Sep. 30, 2018	Dec. 31, 2017
Short-term Debt [Line Items]
Short-term credit and current maturities of long-term debt		$ 7,042	$ 7,063
Portion of Long term debt reclassified	[1]	215	911
In NIS bears interest rate of Prime+0.85% to Prime+2.7% [Member]
Short-term Debt [Line Items]
Short-term credit and current maturities of long-term debt		$ 4,246	5,207
In NIS bears interest rate of Prime+0.85% to Prime+2.7% [Member] | Minimum [Member]
Short-term Debt [Line Items]
Annual interest rate		2.45%
In NIS bears interest rate of Prime+0.85% to Prime+2.7% [Member] | Maximum [Member]
Short-term Debt [Line Items]
Annual interest rate		4.30%
Short term credit from others [Member]
Short-term Debt [Line Items]
Short-term credit and current maturities of long-term debt		$ 1,698
Annual interest rate		4.00%
Long-term debt from banks in NIS bears interest of Prime rate [Member]
Short-term Debt [Line Items]
Short-term credit and current maturities of long-term debt	[1]	$ 1,097	$ 1,856
Annual interest rate		2.50%
[1]	The amounts of $ 215 and $ 911 have been classified from long term debt as of September 30, 2018 and December 31, 2017, respectively.

LONG-TERM DEBT, EXCLUDING CUR_3

LONG-TERM DEBT, EXCLUDING CURRENT MATURITIES (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Long-term Debt, Excluding Current Maturities [Abstract]
Capital leases	$ 451	$ 688
Current portions of long-term debt classified as trade payables	$ 300	$ 300

LONG-TERM DEBT, EXCLUDING CUR_4

LONG-TERM DEBT, EXCLUDING CURRENT MATURITIES (Schedule Of Long-Term Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term debt	$ 451	$ 688
Less - current maturities (trade payables)	(300)	(300)
Long-term debt, excluding current maturities	151	388
Portion of short term debt reclassified	215	911
NIS - Fixed interest rate [Member]
Debt Instrument [Line Items]
Long-term debt	$ 267	398
NIS - Fixed interest rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Annual interest rate	5.00%
NIS - Fixed interest rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Annual interest rate	5.60%
U. S. Dollar [Member]
Debt Instrument [Line Items]
Long-term debt	$ 184	$ 290
Annual interest rate	5.00%

LONG-TERM DEBT, EXCLUDING CUR_5

LONG-TERM DEBT, EXCLUDING CURRENT MATURITIES (Maturities Of Long-Term Debt) (Details) $ in Thousands	Sep. 30, 2018USD ($)
Long-term Debt, Excluding Current Maturities [Abstract]
First year	$ 300
Second year	135
Third year	16
Total long-term debt	$ 451

COMMITMENTS AND CONTINGENT LI_3

COMMITMENTS AND CONTINGENT LIABILITIES (Narrative) (Details) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Jan. 31, 2016USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Loss Contingencies [Line Items]
Number of premises operating leases		2
Term of leases of motor vehicles		3 years
Operating leases expense		$ 1,294	$ 1,211	$ 1,608
Indemnification agreement limit as a percentage of shareholders' equity		25.00%
Number of lawsuits		1
Number of former employees filing lawsuits	2
Financial compensation sought for past damages plus additional amounts for future lost income and pain and suffering	$ 700	$ 71
Obligation to purchase inventory from suppliers		415
Other Employees [Member]
Loss Contingencies [Line Items]
Financial compensation sought for past damages plus additional amounts for future lost income and pain and suffering		$ 162

COMMITMENTS AND CONTINGENT LI_4

COMMITMENTS AND CONTINGENT LIABILITIES (Schedule Of Minimum Future Payments Due Under Operating Leases) (Details) $ in Thousands	Sep. 30, 2018USD ($)
Premises Leases [Member]
Operating Leased Assets [Line Items]
First year	$ 896
Second year	896
Third year	896
Fourth year	394
Fifth year and thereafter	9
Total minimum future payments	3,091
Other Agreements [Member]
Operating Leased Assets [Line Items]
First year	622
Second year	525
Third year	251
Fourth year	169
Fifth year and thereafter	160
Total minimum future payments	$ 1,727

SHAREHOLDERS' EQUITY (Details)

SHAREHOLDERS' EQUITY (Details) $ in Thousands		Sep. 30, 2018USD ($)shares	Sep. 30, 2018₪ / shares	Dec. 31, 2017USD ($)shares	Dec. 31, 2017₪ / shares	Dec. 31, 2016shares
Stockholders' Equity Attributable to Parent [Abstract]
Ordinary shares, par value | ₪ / shares			₪ 3		₪ 3
Number of shares, Authorized		10,000,000		10,000,000
Number of shares, Issued	[1]	2,028,552		2,028,552
Number of shares, Outstanding	[1]	2,028,552		2,028,552		2,028,552
Ordinary shares, Amount | $	[1]	$ 1,985		$ 1,985
[1]	Adjusted to reflect reverse split of shares.

ENTITY WIDE DISCLOSURES (Custom

ENTITY WIDE DISCLOSURES (Customers Who Accounted For Over 10% Of The Total Consolidated Revenues) (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Revenue [Member]
Product Information [Line Items]
Customer A - Sales of manufactured products	10.80%	12.10%	11.90%	16.00%	14.60%

ENTITY WIDE DISCLOSURES (Revenu

ENTITY WIDE DISCLOSURES (Revenues By Geographic Areas) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 8,503	$ 7,703	$ 26,112	$ 23,662	$ 32,754
Israel [Member]
Segment Reporting Information [Line Items]
Revenues	4,831	4,947	14,811	14,365	19,730
North America [Member]
Segment Reporting Information [Line Items]
Revenues	1,810	1,185	4,922	3,550	5,219
The Netherlands [Member]
Segment Reporting Information [Line Items]
Revenues	816	531	2,463	1,758	2,407
Europe [Member]
Segment Reporting Information [Line Items]
Revenues	363	372	1,728	1,554	2,016
India [Member]
Segment Reporting Information [Line Items]
Revenues	430	484	1,578	1,699	2,362
Others [Member]
Segment Reporting Information [Line Items]
Revenues	$ 253	$ 184	$ 610	$ 736	$ 1,020

TAXES ON INCOME (Narrative) (De

TAXES ON INCOME (Narrative) (Details)	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Statutory tax rate	23.00%

RELATED PARTY BALANCES AND TR_3

RELATED PARTY BALANCES AND TRANSACTIONS (Narrative) (Details) - Nistec [Member] ₪ in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2018ILS (₪)
Related Party Transaction [Line Items]
Percentage discount on purchases	10.00%	10.00%
Percentage of mark up related to actual price of purchase	20.00%	20.00%
Percentage of discount on excess inventory	50.00%	50.00%
Percentage of standard discount	5.00%	5.00%
Percentage of commission	14.25%	14.25%
Percentage of bonus given to officers	2.00%	2.00%
Managements fees | $	$ 25
NIS [Member]
Related Party Transaction [Line Items]
Total purchases		₪ 300
Bonus		200
Reimbursement expense		10
Managements fees | $	$ 90
NIS [Member] | Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Payment for lease of car		₪ 250

RELATED PARTY BALANCES AND TR_4

RELATED PARTY BALANCES AND TRANSACTIONS (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Related Party Transactions [Abstract]
Trade accounts receivable		$ 142		$ 142		$ 231
Trade accounts payable		87		87		73
Controlling shareholder loans	[1]	2,757		2,757		1,442
Revenues		142	$ 150	615	$ 313	604
Purchases, Selling, general and administrative expenses		72	89	238	459	469
Interest from Loans from controlling shareholder		$ 18		$ 64
[1]	See also Note 1(a)

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - 2018 Share Incentive Plan [Member] - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Jul. 31, 2018	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		$ 28
Option exercisable period		10 years
Ordinary shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option granted		60,857
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option granted	60,857
Fair value of option granted	$ 193
Vesting period	4 years