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Reportable Segments
 12 Months Ended
Dec. 31, 2022
Reportable Segments [Abstract]  
REPORTABLE SEGMENTS

NOTE 10 - REPORTABLE SEGMENTS

 

The Company applies ASC 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 CODM in deciding how to allocate resources and in assessing performance.

 

As mentioned in Note 1d, the CODM of the Company is the 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 the Company’s reportable segments using discrete asset information.

 

   Year Ended December 31, 2022 
   Billing and Related Services   Messaging   Total 
   U.S. dollars in thousands 
             
Revenues  $13,888   $7,663   $21,551 
                
Operating income  $5,105   $419   $5,524 

 

   Year Ended December 31, 2021 
   Billing and Related Services   Messaging   Total 
   U.S. dollars in thousands 
             
Revenues  $14,355   $11,976   $26,331 
                
Operating income  $4,818   $2,010   $6,828 

 

   Year Ended December 31, 2020 
   Billing and Related Services   Messaging   Total 
   U.S. dollars in thousands 
             
Revenues  $14,628   $8,746   $23,374 
                
Operating income  $4,412   $1,051   $5,463 

 

Revenues from one customer of the Company’s billing and related services segment represents approximately 12%, 7% and 9% of the total revenues for the years ended December 31, 2022, 2021 and 2020, respectively.