XML 68 R39.htm IDEA: XBRL DOCUMENT v3.25.1
INCOME TAX EXPENSE (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
SCHEDULE OF DEFERRED INCOME TAXES

Deferred taxes are comprised of the following components:

  

  

As of

December 31

  

As of

December 31

 
   2024   2023 
         
Deferred tax assets          
Deferred research and development expenses  $57   $83 
Employee compensation and benefits  $8   $23 
Operating loss carryforward  $8,867   $7,927 
Operating lease right of use asset  $-   $47 
           
Total deferred tax assets  $8,932   $8,080 
           
Deferred tax liabilities:          
Operating lease right of use liability  $-   $48 
Intangible assets associated with business combinations  $1,142   $1,469 
Total deferred tax liabilities  $1,142    1,517 
           
Net deferred tax assets before valuation allowance  $7,790   $6,563 
Valuation allowance   (8,768)   (7,933)
Net deferred tax liabilities  $978   $1,370 
SCHEDULE OF INCOME TAX EXPENSES (BENEFITS)

Income tax expenses are comprised as follows:

 

       
   Year ended December 31, 
   2024   2023 
         
Current tax expenses  $171   $234 
Income tax expense (benefit) in respect of prior years  $9   $(160)
Deferred tax income  $(393)  $(140)
Income tax benefit  $(213)  $(66)
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

A reconciliation between the theoretical tax expense, assuming all income is taxed at the statutory tax rate applicable to income of the Company, and the actual tax expense as reported in the statements of operations is as follows:

 

       
   Year ended December 31, 
   2024   2023 
         
Loss before income taxes as reported in the consolidated statements of operations  $14,319   $8,753 
Statutory tax rate in the US   21%   21%
Theoretical tax benefit  $3,007   $1,838 
Increase (decrease) in tax expenses resulting from:          
Lower tax rates for preferred technology enterprises   928    637 
Non-deductible expenses   1,012    734 
Income tax expense (benefit) in respect of prior years   9    (160)
Losses for tax purposes for which deferred taxes were not recorded   -    101 
Change in valuation allowance   835    361 
Others   10    99 
Income tax benefit  $(213)  $(66)
SCHEDULE OF INCOME (LOSS) BEFORE TAXES ON INCOME

F. Income (loss) before taxes includes the following components:

 

         
   Year ended December 31, 
   2024   2023 
USA  $(3,711)  $(1,689)
Israel (*)  $(10,608)  $(7,064)
Total income (loss) before taxes on income  $(14,319)  $(8,753)

 

(*) Including a goodwill impairment loss of $7,675 and $5,107 for the years ended December 31, 2024, and 2023, respectively (see note 6.B).