XML 66 R51.htm IDEA: XBRL DOCUMENT v3.21.1
Significant Accounting Policies (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Significant Accounting Policies (Details) [Line Items]      
Inventory write-off $ 103,000 $ 91,000  
Impairment loss related to intangible assets 517,000 356,000  
Impairment loss 471,000    
Impairment loss goodwill 471,000 614,000  
Severance expenses 379,000 315,000 $ 210,000
Allowance for doubtful accounts 16,000 1,000 $ 17,000
Anti-dilutive (in Shares)     196,750
Fair value of goodwill 4,670,000    
Goodwill 471,000 [1] 614,000 [2]  
Derivatives asset fairvalue $ 0 $ 13,000  
Remaining underlying assets percentage 75.00%    
Fair value underlying asset percentage 90.00%    
RFID Division [Member]      
Significant Accounting Policies (Details) [Line Items]      
Impairment loss $ 4,600    
[1] Due to the decline in the actual results of the acquired Imdecol business (See Note 3) and the current expectation of management for its future performance and following the annual impairment analysis performed as of December 31, 2020, the Company recorded. on December 31,2020, a goodwill impairment in the total amount of $ 471 in connection with a certain reporting unit (which consists of the acquired Imdecol business). The impairment was based on a valuation performed by the management using the assistance of a third party appraiser in accordance with the income approach. The significant assumptions used for the assessment were a discount rate of 14.18% and a long-term growth rate of 2%.
[2] Due to difficulties to implement Imdecol’s business following its acquisition (See Note 3) and the expectation of management for its future performance and following the annual impairment analysis performed as of December 31, 2019, the Company recorded a goodwill impairment in an amount of $ 614, in connection with a certain reporting unit (which consist of the acquired Imdecol business). The impairment was based on a valuation performed by the management using the assistance of a third party appraiser in accordance with the income approach. The significant assumptions used for the assessment were a discount rate of 14.18% and a long-term growth rate of 2%.