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TAXES ON INCOME (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
TAXES ON INCOME |
Schedule of Components of Income Tax Expense (Benefit) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended
(U.S. dollars in thousands) | ​ | December 31, 2022 | ​ | December 31, 2023
Current taxes on income | ​ | $ | 530 | ​ | $ | 3,346
Deferred taxes on income | ​ |  | ​ | ​ | ​ | (3,092)
Total taxes on income | ​ | $ | 530 | ​ | $ | 254
Schedule of Deferred Tax Assets | The components of the Company’s net deferred tax assets at December 31, 2022 and 2023 were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
(U.S. dollars in thousands) |  | 2022 |  | 2023
In respect of: |  | ​ |  |  | ​ |
Research and development expenses | ​ | $ | 6,568 | ​ | $ | 4,625
Other timing differences | ​ |  | (2,115) | ​ |  | (1,387)
Net operating loss carry forwards | ​ |  | 54,097 | ​ |  | 51,472
Valuation allowance | ​ |  | (58,550) | ​ |  | (51,618)
​ | ​ |  | - | ​ |  | 3,092
Schedule of Reconciliation of Tax Expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
(U.S. dollars in thousands) |  | 2021 |  | 2022 |  | 2023
Tax computed at the statutory U.S. income tax rate |  | $ | (5,792) |  | $ | (3,023) |  | $ | 1,799
Differences in tax rate | ​ | ​ | - | ​ | ​ | 1,512 | ​ | ​ | (899)
Statutorily non-deductible expenses | ​ | ​ | - | ​ | ​ | 2,979 | ​ | ​ | 1,684
Change in Valuation allowances | ​ | ​ | 5,792 | ​ | ​ | (2,970) | ​ | ​ | (6,932)
Utilization of carry-forward losses and other temporary items without deferred taxes recognition | ​ | ​ | - | ​ | ​ | 2,032 | ​ | ​ | 3,602
Withholding tax | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,000
​ | ​ | $ | - | ​ | $ | 530 | ​ | $ | 254
Schedule of Company's Valuation Allowance | ​
​ | ​ | ​ | ​
(U.S. dollars in thousands) | ​ | ​ | ​
Balance at December 31, 2021 | ​ | $ | (61,520)
Additions to valuation allowance | ​ | ​ | —
Reductions to valuation allowance | ​ | ​ | 2,970
Balance at December 31, 2022 | ​ | $ | (58,550)
​ | ​ | ​ | ​
Balance at December 31, 2022 | ​ | $ | (58,550)
Additions to valuation allowance | ​ | ​ | (728)
Reductions to valuation allowance | ​ | ​ | 7,660
Balance at December 31, 2023 | ​ | $ | (51,618)
Schedule of Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits | ​
​ | ​ | ​ | ​
(U.S. dollars in thousands) | ​ | ​ | ​
Balance at December 31, 2021 | ​ | $ | -
Increase for tax position related to current year | ​ | ​ | 530
Balance at December 31, 2022 | ​ | $ | 530
​ | ​ | ​ | ​
Balance at December 31, 2022 | ​ | $ | 530
Increase for tax position related to current year | ​ | ​ | 275
Balance at December 31, 2023 | ​ | $ | 805
Schedule of Open Tax Years |
​ | ​ | ​
Jurisdiction: |  | Years:
Israel |  | 2019-2023
United States (*) |  | 2020-2023
​
(*) | Includes federal, state and local (or similar provincial jurisdictions) tax positions.

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 19 -SubTopic 10 -Topic 740 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-19 + Details
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