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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 8 – SEGMENT REPORTING

 

  A.Information about reported segment profit or loss and assets

 

The Company has two reportable segments: (i) Pathogen prevention and prolong shelf life, and (ii) the N2O emissions Global warming solutions. The Pathogen prevention operating segment consists of Save Food Ltd. and the Global warming solutions operating segment consists of NTWO OFF Ltd.

 

Information related to the operations of the Company’s reportable operating segments is set forth below:

 

   Pathogen prevention   Global warming solutions   Total 
Six months ended June 30, 2024               
Revenues   60,377    -    60,377 
Operating loss   (474,561)   (136,750)   (611,311)
Unallocated amounts:               
Unallocated costs             (1,153,963)
Total operating loss             (1,765,274)
Financing expenses, net             (76,119)
Other income             105,225 
Changes in fair value of an investment in an associate measured under the fair value option             113,668 
Net loss             (1,622,500)

 

   Pathogen prevention   Global warming solutions   Total 
Three months ended June 30, 2024               
Revenues   16,546    -    16,546 
Operating loss   (283,778)   (18,811)   (302,589)
Unallocated amounts:               
Unallocated costs             (563,619)
Total operating loss             (866,208)
Financing expenses, net             (81,055)
Other income             117,396 
Changes in fair value of an investment in an associate measured under the fair value option             29,725 
Net loss             (800,142)

 

  B.Information on sales by geographic distribution:

 

Sales are attributed to geographic distribution based on the location of the customer.

 

                 
   Six months ended June 30,   Three months ended June 30, 
   2024   2023   2024   2023 
                 
Israel   19,303    5,221    14,446    - 
United States   38,974    41,554    -    - 
Mexico   -    109,824    -    36,608 
Peru   2,100    -    2,100    - 
Turkey   -    1,019    -    - 
Revenues from sales   60,377    157,618    16,546    36,608 

 

  C.Sales to single customers exceeding 10% of sales (US$):

 

                 
   Six months ended June 30,   Three months ended June 30, 
   2024   2023   2024   2023 
                 
Customer A   -    109,824    -    36,608 
Customer B   38,974    41,554    -    - 
Customer C   13,035    -    13,035    - 
Revenues from sales   52,009    151,378    13,035    36,608 

 

  D.Information on Long-Lived Assets - Property, Plant and Equipment and ROU assets by geographic areas:

 

The following table presents the locations of the Company’s long-lived assets as of June 30, 2024 and December 31, 2023:

 

   As of   As of 
   June 30, 2024   December 31, 2023 
         
Israel   67,763    102,103 
United States   17,095    21,046 
Property, plant and equipment and ROU assets   84,858    123,149 

 

 

N2OFF, INC.

 

NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (unaudited)