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Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Before Income Taxes and Income Taxes Expense (Benefit) Included in The Consolidated Statements of Operations

		Year ended December 31
		2019				2020				2021
		US$ thousands
Income before income taxes:
Israel			9,339				5,565				7,486
Foreign jurisdictions			2,520				1,717				5,419
			11,859				7,282				12,905
Current taxes:
Israel			1,732				1,260				1,281
Foreign jurisdictions			611				506				1,192
			2,343				1,766				2,473
Current tax (benefits) expenses relating to prior years:
Israel			(17	)			50				(10	)
Foreign jurisdictions			(4	)			(198	)			(147	)
			(21	)			(148	)			(157	)
Deferred taxes:
Israel			(904	)			8				174
Foreign jurisdictions			205				(69	)			(126	)
			(699	)			(61	)			48
Income tax expense			1,623				1,557				2,364

Deferred Tax Assets and Liabilities

		December 31				December 31
		2020				2021
		US$ thousands				US$ thousands
Deferred tax assets:
Accrued employee benefits			368				420
Research and development costs			1,859				2,000
Operating loss carryforwards			66				-
Share based compensation			365				427
Intangible assets			287				228
Operating lease liabilities			1,121				1,048
Other			1				-
Total deferred tax assets			4,067				4,123
Deferred tax liabilities:
Intangible assets			(203	)			(169	)
Goodwill			(1,089	)			(1,300	)
Operating leases right-of-use, net			(1,100	)			(1,000	)
Other			(21	)			(48	)
Total deferred tax liabilities			(2,413	)			(2,517	)
Net deferred tax assets			1,654				1,606
In Israel			1,790				1,616
Foreign jurisdictions			(136	)			(10	)
Net deferred tax assets			1,654				1,606
Non-current deferred tax assets			1,790				1,616
Non-current deferred tax liabilities			(136	)			(10	)

Reconciliation of the Statutory Tax Expense to Actual Tax Expense

		Year ended December 31
		2019				2020				2021
		US$ thousands
Income before income taxes			11,859				7,282				12,905
Statutory tax rate in Israel			23.0	%			23.0	%			23.0	%
			2,728				1,675				2,968
Increase (decrease) in taxes resulting from:
Non-deductible operating expenses			417				508				395
Prior years adjustments			(21	)			(148	)			(157	)
Tax effect due to
"Preferred Enterprise" status*			(1,099	)			(714	)			(800	)
Statutory rate differential			18				105				(86	)
Changes in tax rate			7				181				223
Creation of deferred taxes for tax losses and benefits from previous years for which deferred taxes were not created in the past			(476	)			-				-
Other			49				(50	)			(179	)
Income tax expense			1,623				1,557				2,364

 * The effect of the benefit resulting from the "Preferred Enterprise" status on net earnings per ordinary share is as follows:

Schedule of Effect of the Benefit Resulting From the "Preferred Enterprise" Status on Net Earnings Per Ordinary Share

		Year ended December 31
		2019				2020				2021
Basic			0.15				0.10				0.12
Diluted			0.15				0.10				0.11

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- Definition

Tabular disclosure of the effect of the benefit resulting from the "Preferred Enterprise" status on net earnings per ordinary share.

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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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-Name Accounting Standards Codification
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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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-Name Accounting Standards Codification
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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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-SubTopic 10
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