XML 24 R15.htm IDEA: XBRL DOCUMENT v3.21.2
Segments and Geographical Information
 6 Months Ended
Jun. 30, 2021
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, 2021 and 2020 is as follows:

 

   RFID   Supply
Chain Solutions		   Intelligent
Robotics		   Intercompany   Consolidated 
                     
Six months ended June 30, 2021:                    
                     
Revenues  $6,322   $9,249   $1,036   $(50)  $16,557 
                          
Gross profit  $1,553   $1,699   $31   $
-
   $3,283 
                          
Allocated operating expenses  $1,112   $1,148   $336   $
-
   $2,596 
                          
Unallocated operating expenses   
 
    
 
    
 
    
 
   $324 
                          
Operating Income (loss)  $441   $551   $(305)  $
-
   $363 
                          
Financial expenses and tax on income   
 
    
 
    
 
    
 
   $(99)
                          
Net Income   
 
    
 
    
 
    
 
   $264 

 

   RFID   Supply
Chain Solutions		   Intelligent
Robotics		   Intercompany   Consolidated 
Six months ended June 30, 2020:                    
                     
Revenues   $5,712   $8,976   $301   $(43)  $14,946 
                                                                                        
Gross profit   $1,467   $1,869   $(779)  $
-
   $2,557 
                          
Allocated operating expenses   $1,006   $1,144   $329   $
-
   $2,479 
                          
Impairment of Goodwill and intangible assets   $
-
   $
-
   $988   $
-
   $988 
                          
Unallocated operating expenses    
 
    
 
    
 
    
 
   $338 
                          
Income (loss) from operations   $461   $725   $(2,096)  $
-
   $(1,248)
                          
Financial expenses and tax on income    
 
    
 
    
 
    
 
   $(137)
                          
Net loss    
 
    
 
    
 
    
 
   $(1,385)

 

b.The following presents total revenues for the six months ended June 30, 2021 and 2020 based on the location of customers:

 

    June 30,  
    2021     2020  
    Unaudited  
             
Israel   $ 12,493     $ 11,086  
Far East     2,169       1,679  
India     593       1,392  
Europe     250       323  
United States     1,052       466  
                 
    $ 16,557     $ 14,946