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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Mar. 31, 2024
Accounting Policies [Abstract] |
Schedule of assets and liabilities measured at fair value |
|  |  |  |  | Fair value measurements as of |
Description |  |  | Fair Value Hierarchy |  | March 31, 2024 |  |  | December 31, 2023 |
Financial assets: |  |  |  |  |  |  |  |  |
Money market funds included in cash and cash equivalent |  |  | Level 1 |  | $ | 2,587 |  |  | $ | 2,550 |
Treasury bills included in cash and cash equivalent |  |  | Level 1 |  |  | 2,582 |  |  |  | 2,525 |
Total Assets Measured at Fair Value |  |  |  |  | $ | 5,169 |  |  | $ | 5,075 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Earnout |  |  | Level 3 |  | $ | 3,288 |  |  | $ | 3,292 |
Total liabilities measured at fair value |  |  |  |  | $ | 3,288 |  |  | $ | 3,292 |
Schedule of warrants liability activity |
|  | Earnout |
Balance December 31, 2023 |  | $ | 3,292 |
Change in fair value |  |  | (4 | )
Balance March 31, 2024 |  | $ | 3,288 |
Schedule of disaggregation of revenues |
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Product |  | $ | 3,739 |  |  | $ | 942 |
Rental |  |  | 886 |  |  |  | 184 |
Service and warranty |  |  | 658 |  |  |  | 104 |
Total Revenues |  | $ | 5,283 |  |  | $ | 1,230 |
Schedule of contract balances |
|  | March 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Trade receivable, net of credit losses (1) |  | $ | 3,491 |  |  | $ | 3,120 |
Deferred revenues (1) (2) |  | $ | 2,794 |  |  | $ | 3,010 |
| (1) | Balance presented net of unrecognized revenues that were not yet collected.
| (2) | During the three months ended March 31, 2024, $489 thousand of the December 31, 2023 deferred revenues balance was recognized as revenues.
Schedule of concentration of credit risk |
|  | March 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Customer A |  |  | 40 | % |  |  | - |
Schedule of warranty provision |
|  | US Dollars in thousands |
Balance at December 31, 2023 |  | $ | 348 |
Provision |  |  | 246 |
Usage |  |  | (198 | )
Balance at March 31, 2024 |  | $ | 396 |

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