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TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Tax Provisions to the Domestic and Effective Tax Rate

		Year ended December 31,
		2023				2022				2021
Income (loss) before taxes on income (tax benefit) from continued operations reported in the statements of income		$	4,745			$	(1,648	)		$	(4,575	)
Statutory tax rate in Israel			23	%			23	%			23	%
Theoretical taxes on income (tax benefit)			1,091			$	(379	)		$	(1,052	)
Increase (decrease) in taxes on income resulting from:
Tax adjustment for foreign subsidiaries subject to a different tax rate			(36	)			(13	)			75
Reduced tax rate on income derived from "Preferred Enterprises" plans			(484	)			(48	)			149
Deferred tax assets from discontinued operation profit (loss)							-				98
Reduced deferred tax asset from expecting utilization of carryforward losses			183				-				-
Tax in respect of prior years							59				24
Temporary differences for which no deferred taxes were recorded			-				238				-
Permanent differences			-				77				71
Other adjustments			(178	)			164				(27	)
Taxes on income (tax benefit) as reported in the statements of income		$	576			$	98			$	(662	)

Schedule of Income (Loss) from Continuing Operations Before Income Tax Domestic and Foreign

		Year ended December 31,
		2023				2022				2021
Domestic (Israel)		$	4,639			$	(1,201	)		$	(5,139	)
Foreign (United States)			106				(447	)			564
		$	4,745			$	(1,648	)		$	(4,575	)

 

		Year ended December 31,
		2023				2022				2021
Current:
Domestic (Israel)		$	-			$	-			$	-
Foreign (United States)			49				-				-
			49				-				-
Deferred:
Domestic (Israel)			358				268				(579	)
Foreign (United States)			169				(111	)			(107	)
			576				157				(686	)
Previous years:
Domestic (Israel)			-				-				-
Foreign (United States)			-				(59	)			24
		$	576			$	98			$	(662	)

Schedule of Components of Income Tax Provision

		December 31,
		2023				2022
Deferred tax assets:
Provisions for employee benefits		$	657			$	378
Inventory			1,337				1,288
Capital tax losses carryforward			956				2,475
Net operating losses carryforward			2,368				4,040
R&D expenses			121				144
Other			417				331
Deferred tax assets, before valuation allowance		$	5,856			$	8,656
Valuation allowance			(3,214	)			(5,202	)
Deferred tax assets, net			2,642			$	3,454
Deferred tax liabilities:
Property, plant and equipment			(1,348	)			(1,884	)
Intangible assets			(300	)			(341	)
Other temporary differences deferred tax liabilities							-
Deferred tax liabilities		$	(1,648	)		$	(2,225	)
Net			994			$	1,229

Schedule of Deferred Tax Assets and Liabilities

Balance, December 31, 2020		$	5,484
Deductions during the year			-
Balance, December 31,2021		$	5,484
Deductions during the year			(282	)
Balance, December 31,2022		$	5,202
Deductions during the year			(1,988	)
Balance, December 31,2023			3,214

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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-Name Accounting Standards Codification
-Section S99
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