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Segments and Geographical Information
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
SEGMENTS AND GEOGRAPHICAL INFORMATION
NOTE 7: - 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, 2022 and 2021 is as follows:

 

   RFID  

Supply

Chain Solutions

   Intelligent Robotics   Intercompany   Consolidated 
                     
Six months ended June 30, 2022:                    
                     
Revenues  $7,693   $12,873   $572   $              -   $21,138 
                          
Gross profit  $1,915   $2,575   $(19)  $
-
   $4,471 
                          
Allocated operating expenses  $1,209   $1,585   $271   $
-
   $3,065 
                          
Acquisition expenses  $44                  $44 
                          
Unallocated operating expenses                      $361 
                          
Operating Income (loss)  $662   $990   $(290)  $
-
   $1,001 
                          
Financial expenses                      $(529)
                          
Net Income before tax   
-
    
-
    
-
    
-
   $472 
                          
Tax on income   
-
    
-
    
-
    
-
   $- 
                          
Net Income   
-
    
-
    
-
    
-
   $472 

 

   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 
                          
Income (loss) from operations  $441   $551   $(305)  $
-
   $363 
                          
Financial expenses   
-
    
-
    
-
    
-
   $(98)
                          
Net Income before tax   
-
    
-
    
-
    
-
   $265 
                          
Tax on income   
-
    
-
    
-
    
-
   $(1)
                          
Net Income   
-
    
-
    
-
    
-
   $264 

 

b.The following presents total revenues for the six months ended June 30, 2022 and 2021 based on the location of customers:

 

   June 30, 
   2022   2021 
   Unaudited 
         
Israel  $16,686   $12,493 
Far East   1,536    2,169 
India   641    593 
Europe   399    250 
United States   1,733    1,052 
Others   143    
-
 
           
   $21,138   $16,557