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Segments and Geographical Information
 12 Months Ended
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.