XML 44 R23.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Additional Information Regarding Profit or Loss Items
 12 Months Ended
Dec. 31, 2023
Additional Information Regarding Profit or Loss Items [Abstract]  
ADDITIONAL INFORMATION REGARDING PROFIT OR LOSS ITEMS

NOTE 18 – ADDITIONAL INFORMATION REGARDING PROFIT OR LOSS ITEMS

 

A.Revenue

 

   For the year ended December 31, 
   2023   2022   2021 
             
Breakdown of revenue by geography            
Israel   4,947    5,423    1,010 
Europe   423    146    89 
Asia   1,072    127    6,324 
USA   1,070    1,477    2,064 
Other   121    91    94 
    7,633    7,264    9,581 
                
Revenues from key customers, each of which is responsible for 10% or more of the total revenues reported in the Consolidated Financial Statements:               
Customer 1   2,559    516    448 
Customer 2   289    3    6,315 
Customer 3   908    4,016    334 
    3,756    4,019    6,649 
                
Trade receivables balance from key customers:               
Customer 1   1,592    39    52 
Customer 2   1    (103)   1,248 
Customer 3   469    2,098    9 
    2,062    2,034    1,309 
                
Revenue by product group:               
In-Ear Headset systems   4,532    6,038    8,697 
SST Headset systems   2,713    749    840 
Other   388    477    44 
    7,633    7,264    9,581 

 

The Company operates in one operation segment. The Company’s chief operating decision-maker (CODM) the chief executive officer, evaluates performance, makes operating decisions and allocates resources based on financial data, consistent with the presentation in the accompanying financial statements. The CODM reviews revenue, gross profit and operating income.

 

B.Cost of revenue

 

   For the year ended December 31, 
   2023   2022   2021 
             
Salaries and related expenses*   1,139    648    673 
Purchases   3,164    4,667    6,067 
Depreciation and amortization   61    55    74 
Decrease (increase) in inventory   (49)   (686)   (529)
Other   149    152    94 
    4,464    4,836    6,379 

 

*Includes stock based compensation of $421 in 2023

 

C.Research and development expenses*

 

Salaries and related expenses   980    311    381 
Purchases   3    6    7 
Professional consulting   15    91    32 
Depreciation and amortization   19    9    
-
 
Other   31    22    28 
    1,048    439    448 

 

*Includes stock based compensation of $541 in 2023

 

D.Selling and marketing expenses*

 

Salaries and related expenses   2,969    537    679 
Exhibitions and advertising   46    38    43 
Depreciation and amortization   25    23    3 
Other   130    74    127 
    3,170    672    852 

 

*Includes stock based compensation of $2,467 in 2023

 

E.General and administrative expenses*

 

Salaries and related expenses   1,400    529    444 
Professional services   131    102    279 
Rent and maintenance   57    60    110 
Depreciation and amortization   26    10    41 
Other   118    136    381 
    1,732    837    1,255 

 

*Include stock-based compensation of $807 in 2023

 

F.Other income

 

   For the year ended December 31, 
   2023   2022   2021 
Support grants in respect of the Pandemic (see Note 1.C.)   
-
    
-
    159 
Revenues from sublease   
-
    
-
    7 
    
-
    
-
    166 

 

G.Finance expenses

 

Exchange rate differentials   
-
    
-
    69 
In respect of lease liabilities   12    10    8 
In respect of credit from related parties   
-
    
-
    173 
In respect of credit from banking corporations   9    34    27 
In respect of credit from others        
-
    212 
Revaluation of a SAFE   53    22    
-
 
Revaluation of a liability in respect of a warrants   12    
-
    433 
Other   18    57    42 
    104    123    964 

 

H.Finance income

 

Exchange rate differentials   67    206    
-
 
Revaluation of a liability in respect of warrants   
-
    1,237    
-
 
    67    1,443    
-