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Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Deferred Income Taxes

Provided in respect of the following:

		December 31,
		2 0 2 3				2 0 2 2
		U.S. dollars in thousands
Research and development expenses, which are recognized for tax purposes over three years		$	95			$	105
Carryforward tax losses, see (2) below			1,134				1,388
Other			7				10
Less - valuation allowance, see (2) below			(1,134	)			(1,360	)
		$	102			$	143

Schedule of Taxes on Income Included In Statements of Operations

As follows:

		Years Ended December 31,
		2 0 2 3				2 0 2 2				2 0 2 1
		U.S. dollars in thousands
Current:
In Israel		$	308			$	335			$	687
Outside Israel			45				(12	)			346
			353				323				1,033
Deferred:
In Israel			12				1				(18	)
Outside Israel			(6	)			6				(79	)
		$	359			$	330			$	936

Schedule of Reconciliation of Theoretical Tax Expense

Following is a reconciliation of the theoretical tax expense, assuming all income is taxed at the regular tax rates applicable to companies in Israel (see b. above), and the actual tax expense:

		Years Ended December 31,
		2 0 2 3				2 0 2 2				2 0 2 1
		U.S. dollars in thousands
Income before taxes on income, as reported in the statements of operations*		$	5,526			$	5,617			$	6,883
Theoretical tax expense			1,271				1,292				1,583
Less - tax benefits arising from Technologic Preferred Enterprise status, see a. above			(757	)			(797	)			(739	)
			514				495				844
Increase (decrease) in taxes resulting from other differences:
Disallowable deductions			140				20				38
Taxes on income from previous years			(88	)			(80	)			169
Changes in valuation allowance			(178	)			(119	)			(127	)
Other			(29	)			14				12
Taxes on income for the reported years:		$	359			$	330			$	936
* As follows:
Taxable in Israel		$	4,830			$	5,144			$	4,936
Taxable outside Israel			696				473				1,947
		$	5,526			$	5,617			$	6,883

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- References

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

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- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
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