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Segments and Geographical Information
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
SEGMENTS AND GEOGRAPHICAL INFORMATION
NOTE 8: - SEGMENTS AND GEOGRAPHICAL INFORMATION

 

Until December 31, 2019, the Company presented two reportable segments consisting of the Intelligent Robotics and RFID Division segment and the Supply Chain Solutions segment. Commencing January 1, 2020 the Company decided to review its business operations in three reportable segments, consisting of the RFID segment, Supply Chain Solutions segment and the Intelligent Robotics segment. Previous presentation was adjusted to conform to the current presentation.

 

The Company's management makes financial decisions and allocates resources, based on the information it receives from its internal management system. The Company allocates resources and assesses performance for each operating segment using information about revenues and gross profit. The Company applies ASC 280, Segment Reporting.

 

  a. Information about the operating segments for the six months ended June 30, 2020 and 2019 were as follows:

 

    RFID    

Supply

Chain Solutions

    Intelligent Robotics     Consolidated  
                         
Six months ended June 30, 2020:                        
                         
Revenues   $ 5,669     $ 8,976     $ 301     $ 14,946  
                                 
Inventory Impairment   $ -     $ -     $ (671 )   $ (671 )
                                 
Gross profit   $ 1,474     $ 1,869     $ (786 )   $ 2,557  
                                 
Impairment of Goodwill and intangible assets   $ -     $ -     $ (988 )   $ (988 )
                                 
Operating Income (loss)   $ 354     $ 613     $ (2,215 )   $ (1,248 )
                                 
Balance of Goodwill and other intangible assets related to segment   $ 4,726     $ -     $ -     $ 4,726  

 

    RFID    

Supply

Chain Solutions

     Intelligent Robotics      Consolidated  
Six months ended June 30, 2019:                        
                         
Revenues   $ 6,697     $ 9,616     $ 236     $ 16,549  
                                 
Gross profit   $ 1,338     $ 1,978     $ 66     $ 3,382  
                                 
Operating Income (Loss)   $ (284 )   $ 568     $ 41     $ 325  
                                 
Balance of Goodwill and other intangible assets related to segment   $ 4,746     $ -     $ 1,416     $ 6,162  

  

  b. The following presents total revenues for the six months ended June 30, 2020 and 2019 based on the location of customers:

 

    June 30,  
    2020     2019  
    Unaudited  
             
Israel   $ 11,086     $ 11,081  
Far East     1,679       3,074  
India     1,392       1,494  
Europe     323       479  
United States     466       421  
                 
    $ 14,946     $ 16,549