Annual report pursuant to Section 13 and 15(d)

Entity Wide Information and Disagregated Revenues

v3.23.1
Entity Wide Information and Disagregated Revenues
 12 Months Ended
Dec. 31, 2022
Entity Wide Information and Disagregated Revenues [Abstract]  
ENTITY WIDE INFORMATION AND DISAGREGATED REVENUES

NOTE 18 - ENTITY WIDE INFORMATION AND DISAGREGATED REVENUES:

 

The Company operates as one operating segment (developing and marketing access broadband equipment for copper and fiber networks).

 

a. Geographic information:

 

Following is a summary of revenues by geographic areas. Revenues attributed to geographic areas, based on the location of the end customers:

 

    Year Ended December 31  
    2022     2021  
    U.S. dollars in thousands  
North America     4,348       4,637  
Europe, the Middle East and Africa     3,999       3,373  
Asia Pacific     484       520  
Latin America     -       15  
      8,831       8,545  

 

b. Revenues from contract liability:

 

    December 31,
2022		     December 31,
2021		  
Opening balance   $       673     $       581  
Revenue recognized that was included in the contract liability balance at the beginning of the period     (593 )     (452 )
Additions     568       544  
Remaining performance obligations   $ 648     $ 673  

 

As of December 31, 2022, the aggregate amount of the transaction price allocated to the remaining performance obligation is $648, and the Company will be recognized this revenue over the 12-18 months.

 

c. The Company’s long-lived assets are located as follows:

 

Property and Equipment, net:

 

    December 31  
    2022     2021  
    U.S. dollars in thousands  
Israel     75       101  
North America     5       2  
      80       103  

 

Operating lease right of use assets:

 

    December 31  
    2022     2021  
    U.S. dollars in thousands  
Israel     260      
    -
  
North America     466      
-
  
      726      
-
  

 

d. Customers representing 10% or more of net revenues and the amount of revenues recognized are as follows:

 

    December 31, 2022  
Customer A*     33 %     3,021  
Customer B     16 %     1,475  
Customer C     11 %     1,009  

 

    December 31, 2021  
Customer A*     22 %     1,887  
Customer B     19 %     1,663  
Customer C     10 %     835  

 

* Included in Europe, the Middle East and Africa.

 

The majority of the Company’s revenues are recognized at a point in time.