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Taxes on Income (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes and Income Taxes Expense (Benefit) Included in The Consolidated Statements of Operations |
|  | Year ended December 31 |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | US$ thousands |
Income before income taxes: |  |  |  |  |  |  |  |  |
Israel |  |  | 5,565 |  |  |  | 7,486 |  |  |  | 17,915 |
Foreign jurisdictions |  |  | 1,717 |  |  |  | 5,419 |  |  |  | 4,475 |
|  |  | 7,282 |  |  |  | 12,905 |  |  |  | 22,390 |
Current taxes: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | 1,260 |  |  |  | 1,281 |  |  |  | 1,765 |
Foreign jurisdictions |  |  | 506 |  |  |  | 1,192 |  |  |  | 1,198 |
|  |  | 1,766 |  |  |  | 2,473 |  |  |  | 2,963 |
Current tax (benefits) expenses relating to prior years: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | 50 |  |  |  | (10 | ) |  |  | (215 | )
Foreign jurisdictions |  |  | (198 | ) |  |  | (147 | ) |  |  | 158 |
|  |  | (148 | ) |  |  | (157 | ) |  |  | (57 | )
Deferred taxes: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | 8 |  |  |  | 174 |  |  |  | 1,114 |
Foreign jurisdictions |  |  | (69 | ) |  |  | (126 | ) |  |  | 64 |
|  |  | (61 | ) |  |  | 48 |  |  |  | 1,178 |
Income tax expense |  |  | 1,557 |  |  |  | 2,364 |  |  |  | 4,084 |
Schedule of Deferred Tax Assets and Liabilities |
|  | December 31 |  |  | December 31 |
|  | 2021 |  |  | 2022 |
|  | US$ thousands |  |  | US$ thousands |
Deferred tax assets: |  |  |  |  |  |
Accrued employee benefits |  |  | 420 |  |  |  | 362 |
Research and development costs |  |  | 2,000 |  |  |  | 1,380 |
Share based compensation |  |  | 427 |  |  |  | 391 |
Intangible assets |  |  | 228 |  |  |  | 163 |
Operating lease liabilities |  |  | 1,048 |  |  |  | 693 |
Other |  |  | - |  |  |  | 54 |
Total deferred tax assets |  |  | 4,123 |  |  |  | 3,043 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets |  |  | (169 | ) |  |  | (357 | )
Goodwill* |  |  | (1,300 | ) |  |  | (1,511 | )
Operating leases right-of-use, net |  |  | (1,000 | ) |  |  | (747 | )
Other |  |  | (48 | ) |  |  | - |
Total deferred tax liabilities |  |  | (2,517 | ) |  |  | (2,615 | )
Net deferred tax assets |  |  | 1,606 |  |  |  | 428 |
In Israel |  |  | 1,616 |  |  |  | 502 |
Foreign jurisdictions |  |  | (10 | ) |  |  | (74 | )
Net deferred tax assets |  |  | 1,606 |  |  |  | 428 |
Non-current deferred tax assets |  |  | 1,616 |  |  |  | 502 |
Non-current deferred tax liabilities |  |  | (10 | ) |  |  | (74 | )
* The recognized goodwill is deductible for income tax purposes for 10 years.
Schedule of Reconciliation of the Statutory Tax Expense to Actual Tax Expense |
|  | Year ended December 31 |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | US$ thousands |
Income before income taxes |  |  | 7,282 |  |  |  | 12,905 |  |  |  | 22,390 |
Statutory tax rate in Israel |  |  | 23.0 | % |  |  | 23.0 | % |  |  | 23.0 | %
|  |  | 1,675 |  |  |  | 2,968 |  |  |  | 5,150 |
Increase (decrease) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Non-deductible operating expenses |  |  | 508 |  |  |  | 395 |  |  |  | 566 |
Prior years adjustments |  |  | (148 | ) |  |  | (157 | ) |  |  | (57 | )
Tax effect due to "Preferred Enterprise" status |  |  | (533 | ) |  |  | (577 | ) |  |  | (1,949 | )
Statutory rate differential |  |  | 105 |  |  |  | (86 | ) |  |  | 168 |
Other |  |  | (50 | ) |  |  | (179 | ) |  |  | 206 |
Income tax expense |  |  | 1,557 |  |  |  | 2,364 |  |  |  | 4,084 |

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