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Taxes on Income | 12 Months Ended
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Dec. 31, 2024
Taxes on Income [Abstract] |
TAXES ON INCOME | NOTE 7 - TAXES ON INCOME: Corporate taxation The taxable income of Alarum, Safe-T Data A.R Ltd. (“Safe-T Data”) and CyberKick is subject to the Israeli regular corporate tax rate of 23%. The taxable income of NetNut, based on management assessment, meets the criteria of a Preferred Technological Enterprise (“PTE”) under the Law for the Encouragement of Capital Investments and accordingly, is eligible for a reduced tax rate of 12%. Taxable income other than taxable income from the PTE regime is subject to the Israeli regular corporate tax rate. The taxable income of NetNut Networks Inc. (“NetNut Networks”) is subject to a regular U.S. federal tax rate of 21%. Tax assessments Tax assessments filed by the Company, NetNut and Safe-T Data through 2019 are considered final. Tax assessments filed by NetNut Networks through 2020 are considered final. CyberKick has not been assessed since its incorporation. Carryforward tax losses Carryforward tax losses in Israel of the Company amounted to $14.8 million and $11.2 million as of December 31, 2024 and 2023, respectively. Carryforward tax losses in Israel of Safe-T Data amounted to $38.6 million and $38.1 million as of December 31, 2024 and 2023, respectively. Carryforward tax losses in Israel of CyberKick amounted to $3.6 million and $3.2 million as of December 31, 2024 and 2023, respectively. Carryforward tax losses in Israel have no expiration date. Deferred tax assets on losses for tax purposes carried forward to subsequent years are recognized if utilization of the related tax benefit against a future taxable income is expected. Deferred taxes
|  | Intangible assets, net |  |  | Carryforward tax losses |  |  | Carryforward research and development expenses |  |  | Other |  |  | Total |
|  | U.S. dollar in thousands |
Balance as of January 1, 2024 |  |  | (164 | ) |  |  | 42 |  |  |  | 285 |  |  |  | 18 |  |  |  | 181 |
Changes during the year: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Charged to profit or loss |  |  | 64 |  |  |  | (32 | ) |  |  | 134 |  |  |  | 75 |  |  |  | 241 |
Balance as of December 31, 2024 |  |  | (100 | ) |  |  | 10 |  |  |  | 419 |  |  |  | 93 |  |  |  | 422 |
Balance as of January 1, 2023 |  |  | (852 | ) |  |  | 551 |  |  |  | - |  |  |  | - |  |  |  | (301 | )
Changes during the year: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Charged to profit or loss |  |  | 688 |  |  |  | (509 | ) |  |  | 285 |  |  |  | 18 |  |  |  | 482 |
Balance as of December 31, 2023 |  |  | (164 | ) |  |  | 42 |  |  |  | 285 |  |  |  | 18 |  |  |  | 181 |
Balance as of January 1, 2022 |  |  | (1,067 | ) |  |  | 422 |  |  |  | - |  |  |  | - |  |  |  | (645 | )
Changes during the year: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Charged to profit or loss |  |  | 215 |  |  |  | 129 |  |  |  | - |  |  |  | - |  |  |  | 344 |
Balance as of December 31, 2022 |  |  | (852 | ) |  |  | 551 |  |  |  | - |  |  |  | - |  |  |  | (301 | )
Theoretical tax reconciliation Following is a reconciliation of the theoretical taxes on income, assuming all income is taxed at the regular tax rates applicable to companies in Israel (see above) and the actual tax expense:
|  | Year ended December 31 |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | % |  |  | U.S. dollars in thousands |  |  | % |  |  | U.S. dollars in thousands |  |  | % |  |  | U.S. dollars in thousands |
Profit (loss) before income tax |  |  | 23 |  |  |  | (7,001 | ) |  |  | 23 |  |  |  | 6,089 |  |  |  | 23 |  |  |  | 12,783 |
Theoretical tax expense (benefit) |  |  |  |  |  |  | 1,610 |  |  |  |  |  |  |  | (1,400 | ) |  |  |  |  |  |  | (2,940 | )
Change in effective tax rate due to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tax benefits arising from reduced tax rate under the PTE regime |  |  |  |  |  |  | (1,007 | ) |  |  |  |  |  |  | (590 | ) |  |  |  |  |  |  | 441 |
Decrease in taxes resulting from utilization of losses in the reported year for which deferred taxes were not recognized in prior years |  |  |  |  |  |  | (12 | ) |  |  |  |  |  |  | (843 | ) |  |  |  |  |  |  | - |
Increase in taxes resulting from non-deductible expenses |  |  |  |  |  |  | 493 |  |  |  |  |  |  |  | 2,206 |  |  |  |  |  |  |  | 261 |
Increase in taxes resulting from losses in the reported year for which deferred taxes were not recognized |  |  |  |  |  |  | 137 |  |  |  |  |  |  |  | 145 |  |  |  |  |  |  |  | 1,911 |
Tax expense (benefit) |  |  |  |  |  |  | 1,221 |  |  |  |  |  |  |  | (482 | ) |  |  |  |  |  |  | (327 | )

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