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Goodwill and Other Intangible Assets, Net
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET

NOTE 8:- GOODWILL AND OTHER INTANGIBLE ASSETS, NET

 

A.Other Intangible Assets:

 

   December 31,
2019		   December 31,
2018		   Weighted average amortization period
            
Cost:             
Brand name   946    670   4.1
Customer list   2,450    2,450   2.5
Software   111    111   3
Customer relationship   728    141   7
Backlog   90    -    
              
    4,325    3,372    
Accumulated amortization:             
Brand name   946    670    
Customer list   2,450    2,450    
Software   111    111    
Customer relationship   130    60    
Backlog   90    -    
              
    3,727    3,291    
              
Amortized cost  $598   $81    

 

Intangible assets are amortized based on the straight-line method for their remaining useful life.

 

Amortization expenses amounted to $79, $ 57 and $ 57 for the years ended December 31, 2019, 2018 and 2017, respectively. In addition the Company recognized an impairment loss of the brand name and backlog related to the acquisition of Imdecol's business operation in the amount of $356.

 

B.The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 are as follows:

 

   Goodwill 
Balance as of January 1and December 31,2018   4,676 
Changes during 2019     
Acquisition of Imdecol   1,085 
Impairment of Goodwill (See Note 2J)   (614)
Balance as of December 31,2019  $5,147