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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Accounting Policies [Abstract] |
Public Utility Property, Plant, and Equipment |
| %
Computer equipment | 20-33 (mainly 33)
Office furniture and equipment | 6 - 10 (mainly 10)
Machinery and laboratory equipment | 15
Field service units | 20-50
Leasehold improvements | Over the shorter of the lease term or estimated useful life
Schedule of disaggregation of revenues |
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Product |  | $ | 10,681 |  |  | $ | 4,175 |  |  | $ | 4,916 |
Rental |  |  | 1,033 |  |  |  | 859 |  |  |  | 533 |
Service and warranty |  |  | 2,140 |  |  |  | 477 |  |  |  | 517 |
Total Revenues |  | $ | 13,854 |  |  | $ | 5,511 |  |  | $ | 5,966 |
Schedule of contract balances |
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Trade receivable, net of credit losses (1) |  | $ | 3,120 |  |  | $ | 1,036 |
Deferred revenues (1) (2) |  | $ | 3,010 |  |  | $ | 1,191 |
| (1) | Balance presented net of unrecognized revenue that was not yet collected.
| (2) | $435 thousands of the December 31, 2022 deferred revenue balance was recognized as revenue during the year ended December 31, 2023.
Schedule of warranty provision |
|  | US Dollars in thousands |
Balance at December 31, 2022 |  | $ | 92 |
AlterG acquisition – see note 5 |  |  | 535 |
Provision |  |  | 200 |
Usage |  |  | (479 | )
Balance at December 31, 2023 |  | $ | 348 |
Schedule of concentration of credit risk |
|  | December 31, |
|  | 2023 |  |  | 2022 |
Customer A |  |  | * | )% |  |  | 27 | %
Customer B |  |  | * | )% |  |  | 13 | %
Customer C |  |  | - |  |  |  | 13 | %
Customer D |  |  | - |  |  |  | 11 | %
| *) | Less than 10%
Schedule of assets and liabilities measured at fair value |
|  |  |  | Fair value measurements as of |
Description |  | Fair Value Hierarchy |  | December 31, 2023 |  |  | December 31, 2022 |
Financial assets: |  |  |  |  |  |  |  |
Money market funds included in cash and cash equivalent |  | Level 1 |  | $ | 2,550 |  |  | $ | - |
Treasury bills included in cash and cash equivalent |  | Level 1 |  | $ | 2,525 |  |  | $ | - |
Total Assets Measured at Fair Value |  |  |  | $ | 5,075 |  |  | $ | - |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Earnout |  | Level 3 |  | $ | 3,292 |  |  | $ | - |
Total liabilities measured at fair value |  |  |  | $ | 3,292 |  |  | $ | - |
Schedule of warrants liability activity |
|  | Earnout |  |
Initial Measurement (August 11, 2023) |  | $ | 3,607 |  |
Change in fair value |  |  | (315) |  |
Balance December 31, 2023 |  | $ | 3,292 |  |

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