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Acquisition of Business (Details) - Schedule of Purchase Price Allocation - Dagesh Inventory Counting and Maintenance Ltd. [Member]
$ in Thousands
Mar. 09, 2022
USD ($)
Business Acquisition [Line Items]  
Total acquisition price $ 793
Recognized amounts of identifiable assets acquired:  
Intangible assets, net 574 [1]
Net assets acquired 574
Goodwill $ 219 [2]
[1] The fair value estimate of identifiable intangible assets was determined using the “income approach”, which is a valuation technique that estimates the fair value of an assets based on market participants’ expectations of the cash flow an assets would generate over its remaining useful life.
[2] As part of the purchase price allocation for the acquisition, the Company recorded goodwill in an 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 net of the fair value. The purchase price intrinsically recognizes the benefits of the broadened depth of new markets and management team and is primarily attributable to expected synergies (See also Note 8C). Due to the characteristics of the acquired business, such amount was allocated to the RFID segment.