XML 54 R37.htm IDEA: XBRL DOCUMENT v3.25.1
Taxes on Income (Tables)
 12 Months Ended
Dec. 31, 2024
Taxes on Income [Abstract]  
Schedule of Deferred Taxes

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)
Schedule of Reconciliation of Theoretical Taxes on income

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)