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Segments and Geographical Information
 6 Months Ended
Jun. 30, 2023
Segments and Geographical Information [Abstract]  
SEGMENTS AND GEOGRAPHICAL INFORMATION
NOTE 7:– SEGMENTS AND GEOGRAPHICAL INFORMATION

 

Commencing January 1, 2020 the Company presents its business operations in three reportable segments, consisting of the RFID segment, Supply Chain Solutions segment and the Intelligent Robotics 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.

 

  a. Information about the operating segments for the six months ended June 30, 2023 and 2022 is as follows:

 

   RFID   Supply
Chain Solutions		   Intelligent Robotics   Intercompany   Consolidated 
                     
Six months ended June 30, 2023:                    
                     
Revenues  $6,948   $15,351   $1,257   $(77)  $23,478 
                          
Gross profit  $1,796   $3,253   $20   $
-
   $5,069 
                          
Allocated operating expenses  $1,097   $1,859   $130   $
-
   $3,086 
                          
Acquisition expenses  $
-
    
-
    
-
    
-
   $
-
 
                          
Unallocated operating expenses   
-
    
-
    
-
    
-
   $374 
                          
Operating Income (loss)  $699   $1,394   $(110)  $
-
   $1,609 
                          
Financial expenses   
-
    
-
    
-
    
-
   $(343)
                          
Net Income before tax   
-
    
-
    
-
    
-
   $1,266 
                          
Tax on income   
-
    
-
    
-
    
-
   $
-
 
                          
Net Income   
-
    
-
    
-
    
-
   $1,266 

 

   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 

 

  b. The following presents total revenues for the six months ended June 30, 2023 and 2022 based on the location of customers:

 

   June 30, 
   2023   2022 
   Unaudited 
         
Israel  $19,765   $16,686 
Far East   707    1,536 
India   1,060    641 
Europe   838    399 
United States   1,080    1,733 
Others   28    143 
           
   $23,478   $21,138