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Goodwill and Other Intangible Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of other intangible assets |
|  | December 31, 2022 |  |  | December 31, 2021 |  |  | Weighted average amortization period |
Cost: |  |  |  |  |  |  |  |  |
Customer relationship* |  |  | 1,032 |  |  |  | 728 |  |  |  | 8.8 |
Non-competition* |  |  | 270 |  |  |  | - |  |  |  | 4 |
|  |  | 1,302 |  |  |  | 728 |  |  |  |  |
Accumulated amortization: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship* |  |  | 758 |  |  |  | 708 |  |  |  |  |
Non-competition* |  |  | 58 |  |  |  |  |  |  |  |  |
|  |  | 816 |  |  |  | 708 |  |  |  |  |
Amortized cost |  | $ | 486 |  |  | $ | 20 |  |  |  |  |
(*) | Regarding intangibles acquired as part of business combination transaction during 2022 , see Note 3 above.
Schedule of carrying amount of goodwill |
|  | Goodwill |
Balance as of January 1 and December 31, 2021 |  |  | 4,676 |
Changes during 2022 |  |  |  |
Acquisition of Dagesh (*) |  |  | 219 |
Impairment of Goodwill (See Note 2j) |  |  | - |
Balance as of December 31, 2022 |  | $ | 4,895 |
| (*) | See note 3 As part of the purchase price allocation for the acquisition, the Company recorded goodwill in the amount of $219. Goodwill reflects the value or premium of the acquisition price in excess of the fair values assigned to specific tangible and intangible assets. Goodwill has an indefinite useful life and therefore is not amortized as an expense (the goodwill balance is not deductible for income tax purposes), but is reviewed annually for impairment of its fair value to the Company. The purchase price intrinsically recognizes the benefits of the broadened depth of new markets and management team and is primarily attributable to expected synergies. The acquired business operations was determined to be included in the RFID segment.

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