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Share-Based Payment (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment [Abstract] |
Schedule of Expenses Recognized in Financial Statements | The expenses recognized in the financial statements for services received from directors and employees is shown in the following table:
|  | Year ended December 31 |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | € thousand |
Expenses arising from share-based payment transactions |  |  | 122 |  |  |  | 127 |  |  |  | 63 |
Schedule of Black-Scholes Options Pricing Model | The fair value of the options is estimated using a Black-Scholes options pricing model with the following weighted average assumptions:
|  | Year ended December 31 |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Dividend yield |  | 0 | % |  | 0 | % |  | 0 | %
Expected volatility |  |  | 0.509 |  |  |  | 0.405 |  |  |  | 0.433 |
Risk-free interest |  |  | 4.92 | % |  |  | 2.9 | % |  |  | 0.48 | %
Expected life (in years) |  |  | 2-3 |  |  |  | 2-3 |  |  |  | 2-3 |
Exercise price |  |  | 16.11 |  |  |  | 27.22 |  |  |  | 29.27 |
Schedule of Weighted Average Fair Values and Exercise Price | All options granted during 2023, 2022 and 2021 were granted with exercise price equal to or higher than the market price on the date of grant. Weighted average fair values and exercise price of options on dates of grant are as follows:
|  | Equal market price |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | US$ |
Weighted average exercise prices |  |  | 16.11 |  |  |  | 27.22 |  |  |  | 29.27 |
Weighted average fair value on grant date |  |  | 5.11 |  |  |  | 7.27 |  |  |  | 9.65 |
Schedule of Number and Weighted Average Exercise Prices of Share Options | The following table lists the number of share options, the weighted average exercise prices of share options during the current year:
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  |  |  |  | Weighted |  |  |  |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  |  |  | Average |  |  |  |  |  | average |  |  |  |  |  | Average |
|  | Number of |  |  | Exercise |  |  | Number of |  |  | exercise |  |  | Number of |  |  | Exercise |
|  | options |  |  | Price |  |  | options |  |  | price |  |  | options |  |  | Price |
|  |  |  |  | US$ |  |  |  |  |  | US$ |  |  |  |  |  | US$ |
Outstanding at beginning of year |  |  | 49,394 |  |  |  | 26.98 |  |  |  | 48,684 |  |  |  | 26.16 |  |  |  | 31,135 |  |  |  | 12.94 |
Granted during the year |  |  | 4,616 |  |  |  | 16 |  |  |  | 4,000 |  |  |  | 27.22 |  |  |  | 37,000 |  |  |  | 29.27 |
Exercised during the year |  |  | (- | ) |  |  | - |  |  |  | (3,290 | ) |  |  | 11.19 |  |  |  | (18,451 | ) |  |  | 10.06 |
Expired during the year |  |  | (- | ) |  |  | - |  |  |  | (- | ) |  |  | - |  |  |  | (1,000 | ) |  |  | 26.63 |
Outstanding at end of year |  |  | 54,010 |  |  |  | 26.28 |  |  |  | 49,394 |  |  |  | 26.98 |  |  |  | 48,684 |  |  |  | 26.16 |
Exercisable at end of year |  |  | 38,394 |  |  |  | 26.63 |  |  |  | 23,394 |  |  |  | 25.25 |  |  |  | 6,749 |  |  |  | 20.05 |

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