XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.23.1

Concentration of Risk and Financial Instruments | 12 Months Ended
--- | ---
Dec. 31, 2022
Risks and Uncertainties [Abstract] |
Concentration of Risk and Financial Instruments | Note 13 - Concentration of Risk and Financial Instruments Financial instruments that potentially expose the Company to concentrations of credit risk consist of cash equivalents, short-term bank deposits and trade receivables. The carrying amounts of financial instruments approximate fair value. Cash and cash equivalents, short-term deposits and long-term deposits The Company's cash equivalents, short-term deposits and long-term deposits are maintained with multiple high-quality institutions and the composition and maturities of investments are regularly monitored by management. Trade receivables The trade receivables of the Company are derived from sales to a large number of customers, primarily large industrial corporations located mainly in Asia, the United States and Europe. The Company generally does not require collateral: however, in certain circumstances, the Company may require a letter of credit, other collateral or additional guarantees. An allowance for doubtful accounts is determined with respect to those amounts that the Company has determined to be doubtful of collection. The Company performs ongoing credit evaluations of its customers. Allowance for doubtful debts The following is a summary of the allowance for doubtful accounts related to accounts receivable for the years ended December 31:
|  | Balance at |  |  |  |  |  |  |  |  |  |  |  | Balance at |
|  | beginning |  |  |  |  |  | Reversal of |  |  | Write-off of |  |  | end of |
|  | of year |  |  | Provision |  |  | provision |  |  | provision |  |  | year |
|  | U.S. Dollars (in thousands) |
2020 |  |  | 129 |  |  |  | - |  |  |  | (87 | ) |  |  | (3 | ) |  |  | 39 |
2021 |  |  | 39 |  |  |  | - |  |  |  | - |  |  |  | (32 | ) |  |  | 7 |
2022 |  |  | 7 |  |  |  | - |  |  |  | (7 | ) |  |  | - |  |  |  | - |
Trade payables The Company relies on limited source of suppliers and in some cases a sole supplier and/or subcontractors for a number of essential components and subsystems of its products. The Company does not have agreements with all of these suppliers and subcontractors for the continued supply of the components or subsystems they provide. An interruption in supply from these sources would disrupt production and adversely affect the Company’s ability to deliver products to its customers, which could have an adverse effect on the Company’s business, revenues and results of operations.

X
- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI https://asc.fasb.org/topic&trid=2134479 + Details
Name: | us-gaap_ConcentrationRiskDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RisksAndUncertaintiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration