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Segments and Geographical Information | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
SEGMENTS AND GEOGRAPHICAL INFORMATION | NOTE 16:- 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 2023, 2022 and 2021 were as follows:
|  | RFID Division |  |  | Intelligent Robotics |  |  | Supply Chain Solutions |  |  | Intercompany |  |  | Consolidated |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 13,713 |  |  | $ | 1,742 |  |  | $ | 28,845 |  |  | $ | (121 | ) |  | $ | 44,179 |
Gross profit |  | $ | 3,179 |  |  | $ | 185 |  |  | $ | 5,845 |  |  | $ | - |  |  | $ | 9,209 |
Allocated operating expenses |  | $ | 2,150 |  |  | $ | 258 |  |  | $ | 3,675 |  |  | $ | - |  |  | $ | 6,083 |
Unallocated operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 676 |
Operating Income (loss) |  | $ | 1,029 |  |  | $ | (73 | ) |  | $ | 2,170 |  |  | $ | - |  |  | $ | 2,450 |
Financial expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 441 |
Income before taxes on income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,009 |
Tax on income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4 |
Net Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,005 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 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 |
Income before taxes on income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,282 |
Tax on income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6 |
Net Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,276 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 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 |
Income before taxes on income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 412 |
Tax on income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (39 | )
Net Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 451 |
| b. | The following presents total revenues for the years 2023, 2022 and 2021 based on the location of customers, and long-lived assets based on major geographic areas in which the Company operates:
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | Total |  |  | Long-lived |  |  | Total |  |  | Long-lived |  |  | Total |  |  | Long-lived |
|  | revenues |  |  | assets * |  |  | revenues |  |  | assets * |  |  | revenues |  |  | assets * |
Israel |  | $ | 38,125 |  |  |  | 3,268 |  |  |  | 34,295 |  |  |  | 3,270 |  |  | $ | 25,662 |  |  | $ | 1,097 |
East Asia |  |  | 1,331 |  |  |  | - |  |  |  | 2,239 |  |  |  | - |  |  |  | 3,494 |  |  |  | - |
India |  |  | 1,726 |  |  |  | - |  |  |  | 1,225 |  |  |  | - |  |  |  | 1,701 |  |  |  | - |
America |  |  | 1,433 |  |  |  | - |  |  |  | 2,825 |  |  |  | - |  |  |  | 2,032 |  |  |  | - |
Europe |  |  | 1,513 |  |  |  | - |  |  |  | 622 |  |  |  | - |  |  |  | 555 |  |  |  | - |
Rest of the world |  |  | 51 |  |  |  | - |  |  |  | 305 |  |  |  | - |  |  |  | 190 |  |  |  | - |
|  | $ | 44,179 |  |  |  | 3,268 |  |  |  | 41,511 |  |  |  | 3,270 |  |  | $ | 33,634 |  |  | $ | 1,097 |
| (*) | 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.

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