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Taxes on Income (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of income (loss) before income taxes and income taxes expense (benefit) included in the consolidated statements of operations |
|  | Year ended December 31 |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | US$ thousands |
Income (loss) before income taxes: |  |  |  |  |  |  |  |  |
Israel |  |  | 7,486 |  |  |  | 17,915 |  |  |  | (30,101 | )
Foreign jurisdictions |  |  | 5,419 |  |  |  | 4,475 |  |  |  | 2,799 |
|  |  | 12,905 |  |  |  | 22,390 |  |  |  | (27,302 | )
Current taxes: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | 1,281 |  |  |  | 1,765 |  |  |  | 201 |
Foreign jurisdictions |  |  | 1,192 |  |  |  | 1,198 |  |  |  | 921 |
|  |  | 2,473 |  |  |  | 2,963 |  |  |  | 1,122 |
Current tax (benefits) expenses relating |  |  |  |  |  |  |  |  |  |  |  |
to prior years: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | (10 | ) |  |  | (215 | ) |  |  | (10 | )
Foreign jurisdictions |  |  | (147 | ) |  |  | 158 |  |  |  | (116 | )
|  |  | (157 | ) |  |  | (57 | ) |  |  | (126 | )
Deferred taxes: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | 174 |  |  |  | 1,114 |  |  |  | (1,857 | )
Foreign jurisdictions |  |  | (126 | ) |  |  | 64 |  |  |  | (28 | )
|  |  | 48 |  |  |  | 1,178 |  |  |  | (1,885 | )
Income tax expense (benefit) |  |  | 2,364 |  |  |  | 4,084 |  |  |  | (889 | )
Schedule of deferred tax assets and liabilities |
|  | December 31 |  |  | December 31 |
|  | 2022 |  |  | 2023 |
|  | US$ thousands |  |  | US$ thousands |
Deferred tax assets: |  |  |  |  |  |
Accrued employee benefits |  |  | 362 |  |  |  | 266 |
Research and development costs |  |  | 1,380 |  |  |  | 1,065 |
Operating loss carryforwards |  |  | - |  |  |  | 306 |
Share based compensation |  |  | 391 |  |  |  | 338 |
Intangible assets |  |  | 163 |  |  |  | 117 |
Operating lease liabilities |  |  | 693 |  |  |  | 446 |
Goodwill* |  |  | - |  |  |  | 382 |
Other |  |  | 54 |  |  |  | 39 |
Total deferred tax assets |  |  | 3,043 |  |  |  | 2,959 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets |  |  | (357 | ) |  |  | (161 | )
Goodwill* |  |  | (1,511 | ) |  |  | - |
Operating leases right-of-use, net |  |  | (747 | ) |  |  | (485 | )
Total deferred tax liabilities |  |  | (2,615 | ) |  |  | (646 | )
Net deferred tax assets |  |  | 428 |  |  |  | 2,313 |
In Israel |  |  | 502 |  |  |  | 2,359 |
Foreign jurisdictions |  |  | (74 | ) |  |  | (46 | )
Net deferred tax assets |  |  | 428 |  |  |  | 2,313 |
Non-current deferred tax assets |  |  | 502 |  |  |  | 2,359 |
Non-current deferred tax liabilities |  |  | (74 | ) |  |  | (46 | )
* 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 |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | US$ thousands |
Income (loss) before income taxes |  |  | 12,905 |  |  |  | 22,390 |  |  |  | (27,302 | )
Statutory tax rate in Israel |  |  | 23.0 | % |  |  | 23.0 | % |  |  | 23.0 | %
|  |  | 2,968 |  |  |  | 5,150 |  |  |  | (6,279 | )
Increase (decrease) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Non-deductible operating expenses |  |  | 395 |  |  |  | 566 |  |  |  | 4,308 |
Prior years adjustments |  |  | (157 | ) |  |  | (57 | ) |  |  | (126 | )
Tax effect due to "Preferred Enterprise" status |  |  | (577 | ) |  |  | 1,949 |  |  |  | 784 |
Statutory rate differential |  |  | (86 | ) |  |  | 168 |  |  |  | 221 |
Other |  |  | (179 | ) |  |  | 206 |  |  |  | 203 |
Income tax expense (benefit) |  |  | 2,364 |  |  |  | 4,084 |  |  |  | (889 | )

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