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Segments and Geographical Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SEGMENTS AND GEOGRAPHICAL INFORMATION

NOTE 18:- SEGMENTS AND GEOGRAPHICAL INFORMATION

 

The Company manages its business in three reportable segments, consisting of the Intelligent Robotics and RFID Division segment and the Supply Chain Solutions segment.

 

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. Revenues, gross profit and assets for the operating segments for the years 2021, 2020 and 2019 were as follows:

 

   RFID
Division		   Intelligent
Robotics		   Supply
Chain
Solutions		   Intercompany   Consolidated 
2021                    
Revenues  $13,192   $1,576   $19,008   $(142)  $33,634 
Gross profit  $3,338   $(460)  $3,708   $
-
   $6,586 
Allocated operating expenses  $2,300   $573   $2,497   $
-
   $5,370 
Unallocated operating expenses                      $699 
Operating Income  $1,038   $(1,033)  $1,211   $
-
   $517 
Financial expenses                      $105 
Tax on income                      $(39)
Net Income                      $451 
                          
2020                         
Revenues  $12,523   $2,502   $18,594   $(68)  $33,551 
Gross profit  $3,265   $(871)  $3,724   $
-
   $6,118 
Allocated operating expenses  $2,099   $641   $2,373   $
-
   $5,113 
Impairment of goodwill and intangible assets       $988             $988 
Unallocated operating expenses                      $668 
Operating loss  $1,166   $(2,500)  $1,351   $
-
   $(651)
Financial expenses                      $348 
Other income                      $(39)
Net Income                      $(960)
                          
2019                         
Revenues  $13,241   $826   $19,750   $
-
   $33,817 
Gross profit  $2,906   $2   $3,750   $
-
   $6,658 
Allocated operating expenses  $2,708   $349   $2,289   $
-
   $5,346 
Impairment of goodwill and intangible assets       $970    
 
    
 
   $970 
Unallocated operating expenses                      $973 
Operating loss  $198   $(1,317)  $1,461   $
-
   $(631)
Financial expenses                      $330 
Tax on income                      $(48)
Net Income                      $(913)

 

  b. The following presents total revenues for the years 2021, 2020 and 2019 based on the location of customers, and long-lived assets based on major geographic areas in which the Company operates:

 

   Year ended December 31, 
   2021   2020   2019 
   Total   Long-lived   Total   Long-lived   Total   Long-lived 
   revenues   assets *   revenues   assets *   revenues   assets * 
                         
Israel  $25,662    1,097    24,369   $956   $23,493   $1,257 
Far East   3,494    
-
    3,831    
-
    5,055    
-
 
India   1,701    
-
    2,375    
-
    3,624    
-
 
America   2,032    
-
    2,449    
-
    901    
-
 
Europe   555    
-
    527    
-
    744    
-
 
Rest of the world   190    
-
    
-
    
-
    
-
    
-
 
                               
   $33,634    1,097    33,551   $956   $33,817   $1,257 

 

(*) Long-lived assets are comprised of property and equipment (intangible assets and goodwill are not included).

 

  c. There were no major customer during the reported periods.