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Segments and Geographical Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
SEGMENTS AND GEOGRAPHICAL INFORMATION

NOTE 17:- 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 2022, 2021 and 2020 were as follows:

 

   RFID
Division		   Intelligent
Robotics		   Supply
Chain
Solutions		   Intercompany   Consolidated 
2022                         
Revenues  $15,318   $961   $25,232   $
-
   $41,511 
Gross profit  $ 3, 778   $(159)  $5,441   $
-
   $9,060 
Allocated operating expenses  $2,535   $425   $3,450   $-   $6,410 
Unallocated operating expenses                      $721 
Operating Income (loss)  $1,243   $(584)  $1,991   $-   $1,929 
Financial expenses                      $647 
Tax on income                      $6 
Net Income                      $1,276 
                          
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 (loss)  $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   $602   $2,373   $
-
   $5,074 
Impairment of goodwill and intangible assets        988    
 
    
 
   $988 
Unallocated operating expenses                      $668 
Operating Income (loss)  $1,166   $(2,461)  $1,351   $
-
   $(612)
Financial expenses                      $348 
Net Income                      $(960)

 

b.The following presents total revenues for the years 2022, 2021 and 2020 based on the location of customers, and long-lived assets based on major geographic areas in which the Company operates:

 

   Year ended December 31, 
   2022   2021   2020 
   Total   Long-lived   Total   Long-lived   Total   Long-lived 
   revenues   assets *   revenues   assets *   revenues   assets * 
                         
Israel  $34,295    3,270    25,662    1,097   $24,369   $956 
East Asia   2,239    
-
    3,494    
-
    3,831    
-
 
India   1,225    
-
    1,701    
-
    2,375    
-
 
America   2,825    
-
    2,032    
-
    2,449    
-
 
Europe   622    
-
    555    
-
    527    
-
 
Rest of the world   305    
-
    190    
-
    
-
    
-
 
   $41,511    3,270    33,634    1,097   $33,551   $956 

 

(*)Long-lived assets balance comprised of property and equipment (it does not include intangible assets and goodwill).

 

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