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Intangible Assets, Net
 6 Months Ended
Jun. 30, 2024
Intangible Assets, Net [Abstract]  
INTANGIBLE ASSETS, NET
NOTE 5:- INTANGIBLE ASSETS, NET

 

A. Composition:

 

  

June 30,

2024

   December 31,
2023		   Weighted
average
amortization		 
   Unaudited   Audited   period 
Cost:            
Customer relationship  $1,032    1,032    7-8.84 
Suppliers’ relationship*   760    760    8.84 
Non-competition   270    270    4 
    2,062    2,062      
Accumulated amortization and impairments:               
Customer relationship   811    793      
Suppliers’ relationship   107    64      
Non-competition   161    127      
    1,079    984      
                
Amortized cost  $983    1,078      

 

  B. Amortization expenses amounting to $95 and $168 were recorded during the period of six months ended June 30, 2024 and the year ended December 31, 2023, respectively.

 

* On July 7, 2013, the Company entered into a profit-sharing agreement with Proteus Ltd, providing for the joint market and sale of certain products.

 

On April 2, 2023, Proteus sold to the Company its share in the joint activity in consideration of $723, of which $138 was paid on signing and the remaining amount is paid in monthly installments during a two-year period. Pursuant to the sale agreement, Proteus will gradually phase out its marketing and sale of the products until the end of 2023.

 

On May 31, 2023, the Company entered into an agreement with Microwave Ltd. for the purchase of its distribution rights for certain products, in consideration of $38 which was paid at execution date.