General form of registration statement for all companies including face-amount certificate companies

Significant Accounting Policies (Tables)

v3.24.0.1
Significant Accounting Policies (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Significant Accounting Policies [Abstract]    
Schedule of Annual Rates of Depreciation   Annual rates of depreciation are as follows:
 

%

Computers, electronic equipment and software

  

Mainly 33%

Office furniture and equipment

  

7

Leasehold improvements

  

By the shorter of lease term and the estimated useful life of the asset
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table represents the fair value hierarchy for the Company’s financial assets and liabilities measured at fair value on a recurring basis as of:
     

Fair value measurements at
September 30, 2023

Description

  

Total

  

Level 1

  

Level 2

  

Level 3

Liabilities:

  

 

    

 

    

 

    

 

  

Warrants (See Note 9)

  

$

8

  

$

—

  

$

—

  

$

8
     

Fair value measurements at
December 31, 2022

Description

  

Total

  

Level 1

  

Level 2

  

Level 3

Liabilities:

  

 

    

 

    

 

    

 

  

Warrants (See Note 9)

  

$

8

  

$

—

  

$

—

  

$

8
The following table represents the fair value hierarchy for the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31:
     

Fair value measurements at
December 31, 2022

Description

  

Total

  

Level 1

  

Level 2

  

Level 3
   

U.S. dollars in thousands

Liabilities:

  

 

    

 

    

 

    

 

  

Warrants (Note 14)

  

$

8

  

$

—

  

$

—

  

$

8
     

Fair value measurements at
December 31, 2021

Description

  

Total

  

Level 1

  

Level 2

  

Level 3
   

U.S. dollars in thousands

Assets:

  

 

    

 

    

 

    

 

  

Monet market funds

  

$

102

  

$

102

  

$

—

  

$

—
   

 

    

 

    

 

    

 

  

Liabilities:

  

 

    

 

    

 

    

 

  

Convertible Loan (Note 11)

  

$

4,905

  

$

—

  

$

—

  

$

4,905

Warrants (Note 14)

  

$

2,149

  

$

—

  

$

—

  

$

2,149
Schedule of Accrued Warranty Account   The following table sets forth activity in the Company’s accrued warranty account for each of the years ended December 31, 2022, and 2021.:
 

Year ended
December 31
   

2022

  

2021
   

U.S. dollars in thousands

Balance at the beginning of the year

  

158

 

  

90

 

Cost incurred

  

(7

)

  

(68

)

Expense (income) recognized

  

(55

)

  

136

 

Balance at the end of the year

  

96

 

  

158