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Taxes on Income (Tables) | 12 Months Ended
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Dec. 31, 2024
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 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | US$ thousands |
Income (loss) before income taxes: |  |  |  |  |  |  |  |  |
Israel |  |  | 17,915 |  |  |  | (30,101 | ) |  |  | (12,287 | )
Foreign jurisdictions |  |  | 4,475 |  |  |  | 2,799 |  |  |  | 970 |
|  |  | 22,390 |  |  |  | (27,302 | ) |  |  | (11,317 | )
Current taxes: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | 1,765 |  |  |  | 201 |  |  |  | 235 |
Foreign jurisdictions |  |  | 1,198 |  |  |  | 921 |  |  |  | 457 |
|  |  | 2,963 |  |  |  | 1,122 |  |  |  | 692 |
Current tax (benefits) expenses relating to prior years: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | (215 | ) |  |  | (10 | ) |  |  | (814 | )
Foreign jurisdictions |  |  | 158 |  |  |  | (116 | ) |  |  | 168 |
|  |  | (57 | ) |  |  | (126 | ) |  |  | (646 | )
Deferred taxes: |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  | 1,114 |  |  |  | (1,857 | ) |  |  | 2,359 |
Foreign jurisdictions |  |  | 64 |  |  |  | (28 | ) |  |  | (14 | )
|  |  | 1,178 |  |  |  | (1,885 | ) |  |  | 2,345 |
Income tax expense (benefit) |  |  | 4,084 |  |  |  | (889 | ) |  |  | 2,391 |
Schedule of deferred tax assets and liabilities |
|  | December 31 |  |  | December 31 |
|  | 2023 |  |  | 2024 |
|  | US$ thousands |  |  | US$ thousands |
Deferred tax assets: |  |  |  |  |  |
Accrued employee benefits |  |  | 266 |  |  |  | 258 |
Research and development costs |  |  | 1,065 |  |  |  | 1,029 |
Operating loss carryforwards |  |  | 306 |  |  |  | 1,370 |
Property, plant and equipment |  |  | - |  |  |  | 10 |
Share based compensation |  |  | 338 |  |  |  | 438 |
Intangible assets |  |  | 117 |  |  |  | 16 |
Operating lease liabilities |  |  | 446 |  |  |  | 485 |
Goodwill* |  |  | 382 |  |  |  | 55 |
Other |  |  | 39 |  |  |  | 36 |
Gross deferred tax assets, before valuation allowances |  |  | 2,959 |  |  |  | 3,697 |
Less: valuation allowance |  |  | - |  |  |  | (2,918 | )
Total deferred tax assets: |  |  | 2,959 |  |  |  | 779 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets |  |  | (161 | ) |  |  | (290 | )
Operating leases right-of-use, net |  |  | (485 | ) |  |  | (521 | )
Total deferred tax liabilities |  |  | (646 | ) |  |  | (811 | )
Net deferred tax assets |  |  | 2,313 |  |  |  | (32 | )
In Israel |  |  | 2,359 |  |  |  | - |
Foreign jurisdictions |  |  | (46 | ) |  |  | (32 | )
Net deferred tax assets |  |  | 2,313 |  |  |  | (32 | )
Non-current deferred tax assets |  |  | 2,359 |  |  |  | - |
Non-current deferred tax liabilities |  |  | (46 | ) |  |  | (32 | )
Schedule of reconciliation of the statutory tax expense to actual tax expense |
|  | Year ended December 31 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | US$ thousands |
Income (loss) before income taxes |  |  | 22,390 |  |  |  | (27,302 | ) |  |  | (11,317 | )
Statutory tax rate in Israel |  |  | 23.0 | % |  |  | 23.0 | % |  |  | 23.0 | %
|  |  | 5,150 |  |  |  | (6,279 | ) |  |  | (2,603 | )
Increase (decrease) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Non-deductible operating expenses |  |  | 566 |  |  |  | 4,308 |  |  |  | 485 |
Non-taxable income |  |  | - |  |  |  | - |  |  |  | (61 | )
Prior years adjustments |  |  | (57 | ) |  |  | (126 | ) |  |  | (646 | )
Tax effect due to "Preferred Enterprise" status |  |  | (1,949 | ) |  |  | 784 |  |  |  | 2,121 |
Statutory rate differential |  |  | 168 |  |  |  | 221 |  |  |  | 177 |
Valuation Allowance |  |  | - |  |  |  | - |  |  |  | 2,918 |
Other |  |  | 206 |  |  |  | 203 |  |  |  | - |
Income tax expense (benefit) |  |  | 4,084 |  |  |  | (889 | ) |  |  | 2,391 |

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