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Reportable Segments
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
REPORTABLE SEGMENTS

NOTE 11 - REPORTABLE SEGMENTS

 

The Company applies ASC topic 280, "Segment Reporting". ASC 280 establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance.

 

The CODM of the Company is the President and Chief Executive Officer. The CODM assesses the performance of each segment and allocates resources to those segments based on net revenues and operating results and does not evaluate our segments using discrete asset information.

 

In previous reporting periods (until December 31, 2018), the Company operated in one reportable segment. Following the acquisitions completed during 2019 (see Note 1a(2)), management has determined that the Company operates in two reportable segments commencing from the date of acquisitions.

 

   Year ended December 31, 2019 
   Billing and
Related
Services		   Messaging*   Total 
   U.S. dollars in thousands 
             
Revenues  $16,547   $6,117   $22,664 
                
Operating income  $4,254   $786   $5,040 

 

*The results of operations reported for the year ended December 31, 2019, includes the results of operations commencing the second quarter of 2019 (see Note 1a(2)).