B.O.S. Better Online Solutions (BOSC) 6-K 30 Sep 24 Report of Foreign Private Issuer Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2024
Document Information Line Items
Entity Registrant Name	BOS BETTER ONLINE SOLUTIONS LTD
Document Type	6-K
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001005516
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity File Number	001-14184

Condensed Interim Consolidated

Condensed Interim Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 2,358	$ 2,344
Restricted bank deposits	193	217
Trade receivables (net of allowance for doubtful accounts of $372 and $287 at June 30, 2024 and December 31 2023, respectively)	10,710	12,424
Other accounts receivable and prepaid expenses	1,405	963
Inventories	6,847	6,070
Total current assets	21,513	22,018
NON-CURRENT ASSETS:
Long-term assets	204	196
Property and equipment, net	3,334	3,268
Operating lease right-of-use assets, net	885	1,026
Intangible assets, net	983	1,078
Goodwill	4,895	4,895
Total non-current assets	10,301	10,463
Total assets	31,814	32,481
CURRENT LIABILITIES:
Current maturities of non-current loans	160	170
Operating lease liabilities, current	191	235
Trade payables	6,203	7,710
Employees and payroll accruals	1,083	980
Deferred revenues	565	600
Advances net of inventory in progress	394	137
Accrued expenses and other liabilities	656	1,072
Total current liabilities	9,252	10,904
NON-CURRENT LIABILITIES:
Loans, net of current maturities	1,030	1,150
Operating lease liabilities, non-current	639	759
Deferred revenues	295	339
Accrued severance pay	474	490
Total non-current liabilities	2,438	2,738
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS’ EQUITY:
Share capital and additional paid-in capital
Ordinary shares: Authorized; 11,000,000 shares at June 30, 2024 and December 31, 2023; Issued and outstanding: 5,748,018 shares at June 30, 2024 and December 31, 2023	86,252	86,209
Accumulated other comprehensive loss	(243)	(243)
Accumulated deficit	(65,885)	(67,127)
Total equity	20,124	18,839
Total liabilities and shareholders’ equity	$ 31,814	$ 32,481

Condensed Interim Consolidate_2

Condensed Interim Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Trade receivables, allowance for doubtful accounts (in Dollars)	$ 372	$ 287
Ordinary shares, shares authorized	11,000,000	11,000,000
Ordinary shares, shares issued	5,748,018	5,748,018
Ordinary shares, shares outstanding	5,748,018	5,748,018

Condensed Interim Consolidate_3

Condensed Interim Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues	$ 19,734	$ 23,478
Cost of revenues	14,976	18,409
Gross profit	4,758	5,069
Operating costs and expenses:
Research and development	84	78
Sales and marketing	2,213	2,470
General and administrative	956	912
Total operating costs and expenses	3,253	3,460
Operating income	1,505	1,609
Financial expenses, net	262	343
Income before taxes on income	1,243	1,266
Taxes on income	1
Net income	$ 1,242	$ 1,266
Basic net income per share (in Dollars per share)	$ 0.22	$ 0.22
Diluted net income per share (in Dollars per share)	$ 0.21	$ 0.22
Weighted average number of shares used in computing net income per share:
Basic (in Shares)	5,748	5,707
Diluted (in Shares)	5,833	5,767

Condensed Interim Consolidate_4

Condensed Interim Consolidated Statements of Changes in Shareholders’ Equity - USD ($) $ in Thousands	Ordinary Shares	Share capital and additional paid-in capital	Accumulated other comprehensive loss	Accumulated deficit	Total
Balance at Dec. 31, 2022		$ 86,009	$ (243)	$ (69,132)	$ 16,634
Balance (in Shares) at Dec. 31, 2022	5,701,518
Exercise of options into ordinary shares		85			85
Exercise of options into ordinary shares (in Shares)	39,000
Share-based compensation expense		49			49
Net income				1,266	1,266
Balance at Jun. 30, 2023		86,143	(243)	(67,866)	18,034
Balance (in Shares) at Jun. 30, 2023	5,740,518
Balance at Dec. 31, 2023		86,209	(243)	(67,127)	$ 18,839
Balance (in Shares) at Dec. 31, 2023	5,748,018				5,748,018
Share-based compensation expense		43			$ 43
Net income				1,242	1,242
Balance at Jun. 30, 2024		$ 86,252	$ (243)	$ (65,885)	$ 20,124
Balance (in Shares) at Jun. 30, 2024	5,748,518				5,748,018

Condensed Interim Consolidate_5

Condensed Interim Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Cash Flows [Abstract]
Net income	$ 1,242	$ 1,266
Adjustments required to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	274	239
Interest and exchange rate of loans	(45)	(83)
Severance pay, net	(16)	(41)
Share-based compensation expenses	43	49
Decrease (Increase) in trade receivables, net	1,714	(177)
Decrease (Increase) in other accounts receivable and other long-term assets	(450)	263
Increase in inventories	(520)	(1,202)
Decrease in trade payables	(1,507)	(183)
Decrease in operating lease right-of-use assets, net	141	155
Increase in operating lease liabilities	(164)	(219)
Increase (Decrease) in employees and payroll accruals, deferred revenues, accrued expenses and other liabilities	(392)	809
Net cash provided by operating activities	320	876
Purchase of property and equipment	(245)	(237)
Acquisition of assets (b)		(344)
Net cash used in investing activities	(245)	(581)
Proceeds received from issuance of shares upon options exercised, net		85
Proceeds received from loans		88
Repayment of loans	(85)	(286)
Net cash used in financing activities	(85)	(113)
Change in cash and cash equivalents, and restricted bank deposits	(10)	182
Cash, cash equivalents and restricted bank deposits at the beginning of the period	2,561	1,893
Cash, cash equivalents and restricted bank deposits at the end of the period	2,551	2,075
Interest	$ 48	$ 198

Net cash used to pay for the ac

Net cash used to pay for the acquisition of assets $ in Thousands	Apr. 02, 2023 USD ($)
Net Cash Used To Pay For The Acquisition Of Assets Abstract
Suppliers’ relationship	$ 761
Accrued expenses	(417)
Amount of cash paid	$ 344

General

General	6 Months Ended
	Jun. 30, 2024
General [Abstract]
GENERAL	NOTE 1: GENERAL A. B.O.S. Better Online Solutions Ltd. (“BOS” or the “Company”) is an Israeli corporation. The Company’s shares are listed on NASDAQ under the ticker BOSC. B. As of June 30, 2024, the Company has three operating segments that include Intelligent Robotics, RFID and Supply Chain Solutions. C. The Company’s wholly owned subsidiaries include: 1. BOS-Dimex Ltd., (“BOS-Dimex”), is an Israeli company that comprises the RFID segment. BOS-Dimex provides comprehensive turn-key solutions for Automatic Identification and Data Collection (AIDC), combining a mobile infrastructure with software applications of manufacturers that we represent. BOS-Dimex also offers on-site inventory count services in the fields of apparel, food, convenience and pharma as well as asset tagging and counting services for corporate and governmental entities. 2. BOS-Odem Ltd. (“BOS-Odem”), an Israeli company, is a distributor of electronic components to customers worldwide, mainly in the aerospace and defense industries. BOS-Odem is also a supply chain service provider for aviation customers that prefer to consolidate their component acquisitions through a supplier that is able to provide a comprehensive solution to their components-supply needs. BOS-Odem is part of the Supply Chain Solutions segment; and 3. Ruby-Tech Inc., a New York corporation, is a wholly owned subsidiary of BOS-Odem and a part of the Supply Chain Solutions segment. 4 In October 2023, the Israeli government declared a state of war in response to an attack on civilians at its southern border. Subsequently, additional attacks were launched towards northern Israel. The new security situation has led to several challenges, including some disruptions in supply chains, a shortage of personnel due to mobilization for reserve duty, and fluctuations in foreign currency exchange rates relative to the Israeli shekel. Regional tensions involving Houthis attacks on commercial ships have recently intensified, affecting shipping operation at the Red Sea. This could lead to delays in shipments as well as increased shipping costs. The Company has taken measures to ensure the safety of its employees and business partners, as well as the communities in which it operates, in order to minimize any potential impact on its business, including avoidance of disruption to operation in its facilities in Israel. The security situation in recent months had a non-material impact on the Company’s business results. As of today, the majority of the Company’s employees in Israel who had been called up for reserve duty have now returned to full-time work. However, since the developments related to the war situation, as well as its duration, are unpredictable, the Company has no ability to estimate the extent of the war’s potential impact on its future business and results. The Company continuously monitors the developments and will take all necessary actions to minimize any negative consequences to its operations and assets.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2: SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies applied in the financial statements of the Company as of December 31, 2023, were applied consistently in these financial statements. A. Use of estimates in the preparation of financial statements The preparation of condensed interim consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. As applicable to these consolidated financial statements, the most significant estimates and assumptions include (i) net realizable value of the inventory, (ii) impairment analysis of goodwill and intangible assets, (iii) allowance for doubtful accounts; and (vi) revenue recognition. B. Principles of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany transactions and balances, including profits from intercompany sales not yet realized outside the Company, were eliminated upon consolidation. C. Cash and cash equivalents Cash equivalents are short-term highly liquid investments with original maturities of less than three months from date of purchase. D. Earnings per share The Company computes net earnings per share in accordance with ASC 260, “Earnings per share”. Basic earnings per share is computed by dividing net income attributable to ordinary shareholders by the weighted-average number of ordinary shares outstanding during the period, net of the weighted average number of treasury shares (if any). Diluted earnings per ordinary share is computed similar to basic earnings per share, except that the denominator is increased to include the number of additional potential ordinary shares that would have been outstanding if the potential ordinary shares had been issued and if the additional ordinary shares were dilutive. Potential ordinary shares are excluded from the computation for a period in which a net earnings is reported or if their effect is anti-dilutive. An amount of 1.4 million and 1.5 million weighted average outstanding options and warrants have been excluded from the calculation of the diluted net earnings per share for the period of six months ended June 30, 2024 and 2023, respectively, because the effect of the ordinary shares issuable as a result of the exercise or conversion of these instruments was determined to be anti-dilutive. E. Recently issued accounting pronouncements There are currently no accounting standards that have been issued but not yet adopted that we believe will have a significant impact on our consolidated financial position, results of operations or cash flows.

Unaudited Condensed Interim Con

Unaudited Condensed Interim Consolidated Financial Statements	6 Months Ended
	Jun. 30, 2024
Unaudited Condensed Interim Consolidated Financial Statements [Abstract]
UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS	NOTE 3: UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS These accompanying unaudited condensed interim consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles in the United States for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the Company’s financial position as of June 30, 2024 have been included. Operating results for the six-month period ended June 30, 2024 are not necessarily indicative of the results that may be expected for the year ended December 31, 2024, or any other interim period in the future. The consolidated balance sheet at December 31, 2023 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles in the United States for complete financial statements. The unaudited interim financial statements should be read in conjunction with the Company’s annual financial statements and accompanying notes as of December 31, 2023 included in the Company’s Annual Report on Form 20-F, filed with the Securities Exchange Commission on April 01, 2024.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2024
Inventories [Abstract]
INVENTORIES	NOTE 4:- INVENTORIES Composition: June 30, 2024 December 31, 2023 Unaudited Audited Raw materials $ 27 $ 229 Inventory in progress 2,107 1,301 Finished goods 5,296 5,260 Net – advances from customers (583 ) (720 ) $ 6,847 $ 6,070

Intangible Assets, Net

Intangible Assets, Net	6 Months Ended
	Jun. 30, 2024
Intangible Assets, Net [Abstract]
INTANGIBLE ASSETS, NET	NOTE 5:- INTANGIBLE ASSETS, NET A. Composition: June 30, 2024 December 31, Weighted Unaudited Audited period Cost: Customer relationship $ 1,032 1,032 7-8.84 Suppliers’ relationship* 760 760 8.84 Non-competition 270 270 4 2,062 2,062 Accumulated amortization and impairments: Customer relationship 811 793 Suppliers’ relationship 107 64 Non-competition 161 127 1,079 984 Amortized cost $ 983 1,078 B. Amortization expenses amounting to $95 and $168 were recorded during the period of six months ended June 30, 2024 and the year ended December 31, 2023, respectively. * On July 7, 2013, the Company entered into a profit-sharing agreement with Proteus Ltd, providing for the joint market and sale of certain products. On April 2, 2023, Proteus sold to the Company its share in the joint activity in consideration of $723, of which $138 was paid on signing and the remaining amount is paid in monthly installments during a two-year period. Pursuant to the sale agreement, Proteus will gradually phase out its marketing and sale of the products until the end of 2023. On May 31, 2023, the Company entered into an agreement with Microwave Ltd. for the purchase of its distribution rights for certain products, in consideration of $38 which was paid at execution date.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
LEASES	NOTE 6– LEASES The Company has entered into several non-cancellable operating lease agreements for its offices and vehicles. The Company’s leases have original lease periods expiring between 2024 and 2034. Payments due under such lease contracts include primarily fixed payments. The Company assume renewals in our determination of the lease term. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The components of lease costs, lease term and discount rate are as follows: Six Months June 30, (unaudited) Operating lease cost: Vehicles 74 Facilities rent 56 130 Remaining Lease Term Vehicles 0.08 -2.25 years Facilities rent 2.26- 10.09 years Weighted Average Discount Rate Vehicles 1.9 % Facilities rent 3.97 % The following is a schedule, by years, of maturities of operating lease liabilities as of June 30, 2024: June 30, (unaudited) Period: The remainder of 2024 117 2025 201 2026 147 2027 88 2028 77 2029-2034 359 Total operating lease payments 989 Less: imputed interest 159 Present value of lease liabilities 830

Segments and Geographical Infor

Segments and Geographical Information	6 Months Ended
	Jun. 30, 2024
Segments and Geographical Information [Abstract]
SEGMENTS AND GEOGRAPHICAL INFORMATION	NOTE 7: - SEGMENTS AND GEOGRAPHICAL INFORMATION Commencing January 1, 2020 the Company presents its business operations in three reportable segments, consisting of the RFID segment, Supply Chain Solutions segment and the Intelligent Robotics segment. The Company’s management makes financial decisions and allocates resources, based on the information it receives from its internal management system. The Company allocates resources and assesses performance for each operating segment using information about revenues and gross profit. a. Information about the operating segments for the six months ended June 30, 2024 and 2023 is as follows: RFID Supply Chain Intelligent Intercompany Consolidated Six months ended June 30, 2024: Revenues $ 6,662 $ 12,687 $ 401 $ (16 ) $ 19,734 Gross profit $ 1,620 $ 2,988 $ 150 $ - $ 4,758 Allocated operating expenses $ 1,103 $ 1,683 $ 122 $ - $ 2,908 Unallocated operating expenses - - - - $ 345 Operating Income (loss) $ 517 $ 1,305 $ 28 $ - $ 1,505 Financial expenses - - - - $ (262 ) Net Income before tax - - - - $ 1,243 Tax on income - - - - $ 1 Net Income - - - - $ 1,242 RFID Supply Chain Intelligent Intercompany Consolidated Six months ended June 30, 2023: Revenues $ 6,948 $ 15,350 $ 1,257 $ (77 ) $ 23,478 Gross profit $ 1,796 $ 3,253 $ 20 $ - $ 5,069 Allocated operating expenses $ 1,097 $ 1,859 $ 130 $ - $ 3,086 Unallocated operating expenses - - - - $ 374 Operating Income (loss) $ 699 $ 1,394 $ (110 ) $ - $ 1,609 Financial expenses - - - - $ (343 ) Net Income before tax - - - - $ 1,266 Tax on income - - - - $ - Net Income - - - - $ 1,266 b. The following presents total revenues for the six months ended June 30, 2024 and 2023 based on the location of customers: June 30, 2024 2023 Unaudited Israel $ 18,041 $ 19,765 Far East 54 707 India 796 1,060 Europe 463 838 United States 377 1,080 Others 3 28 $ 19,734 $ 23,478

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 8: SUBSEQUENT EVENTS On July 7, 2013, the Company’s subsidiary BOS-Odem entered into a profit sharing agreement with Proteus Ltd, providing for the joint marketing and sale of certain products. On April 2, 2023, Proteus sold to BOS-Odem its share in the joint activity in consideration of $723, of which $138 was paid on signing and the rest is paid in monthly installments during a two year period, pursuant to the sale agreement. On September 9, 2024, Proteus filed a lawsuit against BOS-Odem, in the amount of approximately NIS 1.2 million. Proteus alleges that certain set-offs of payments made by BOS-Odem were in breach of the parties’ agreement. BOS-Odem may file its Statement of Defense by November 11, 2024.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2024
Significant Accounting Policies [Abstract]
Use of estimates in the preparation of financial statements	A. Use of estimates in the preparation of financial statements The preparation of condensed interim consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. As applicable to these consolidated financial statements, the most significant estimates and assumptions include (i) net realizable value of the inventory, (ii) impairment analysis of goodwill and intangible assets, (iii) allowance for doubtful accounts; and (vi) revenue recognition.
Principles of consolidation	B. Principles of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany transactions and balances, including profits from intercompany sales not yet realized outside the Company, were eliminated upon consolidation.
Cash and cash equivalents	C. Cash and cash equivalents Cash equivalents are short-term highly liquid investments with original maturities of less than three months from date of purchase.
Earnings per share	D. Earnings per share The Company computes net earnings per share in accordance with ASC 260, “Earnings per share”. Basic earnings per share is computed by dividing net income attributable to ordinary shareholders by the weighted-average number of ordinary shares outstanding during the period, net of the weighted average number of treasury shares (if any). Diluted earnings per ordinary share is computed similar to basic earnings per share, except that the denominator is increased to include the number of additional potential ordinary shares that would have been outstanding if the potential ordinary shares had been issued and if the additional ordinary shares were dilutive. Potential ordinary shares are excluded from the computation for a period in which a net earnings is reported or if their effect is anti-dilutive. An amount of 1.4 million and 1.5 million weighted average outstanding options and warrants have been excluded from the calculation of the diluted net earnings per share for the period of six months ended June 30, 2024 and 2023, respectively, because the effect of the ordinary shares issuable as a result of the exercise or conversion of these instruments was determined to be anti-dilutive.
Recently issued accounting pronouncements	E. Recently issued accounting pronouncements There are currently no accounting standards that have been issued but not yet adopted that we believe will have a significant impact on our consolidated financial position, results of operations or cash flows.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2024
Inventories [Abstract]
Schedule of Inventories	Composition June 30, 2024 December 31, 2023 Unaudited Audited Raw materials $ 27 $ 229 Inventory in progress 2,107 1,301 Finished goods 5,296 5,260 Net – advances from customers (583 ) (720 ) $ 6,847 $ 6,070

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Intangible Assets, Net [Abstract]
Schedule of Composition	June 30, 2024 December 31, Weighted Unaudited Audited period Cost: Customer relationship $ 1,032 1,032 7-8.84 Suppliers’ relationship* 760 760 8.84 Non-competition 270 270 4 2,062 2,062 Accumulated amortization and impairments: Customer relationship 811 793 Suppliers’ relationship 107 64 Non-competition 161 127 1,079 984 Amortized cost $ 983 1,078 * On July 7, 2013, the Company entered into a profit-sharing agreement with Proteus Ltd, providing for the joint market and sale of certain products.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Lease Cost	The components of lease costs, lease term and discount rate are as follows: Six Months June 30, (unaudited) Operating lease cost: Vehicles 74 Facilities rent 56 130 Remaining Lease Term Vehicles 0.08 -2.25 years Facilities rent 2.26- 10.09 years Weighted Average Discount Rate Vehicles 1.9 % Facilities rent 3.97 %
Schedule of Maturities of Operating Lease Liabilities	The following is a schedule, by years, of maturities of operating lease liabilities as of June 30, 2024: June 30, (unaudited) Period: The remainder of 2024 117 2025 201 2026 147 2027 88 2028 77 2029-2034 359 Total operating lease payments 989 Less: imputed interest 159 Present value of lease liabilities 830

Segments and Geographical Inf_2

Segments and Geographical Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segments and Geographical Information [Abstract]
Schedule of Information About the Operating Segments	Information about the operating segments for the six months ended June 30, 2024 and 2023 is as follows: RFID Supply Chain Intelligent Intercompany Consolidated Six months ended June 30, 2024: Revenues $ 6,662 $ 12,687 $ 401 $ (16 ) $ 19,734 Gross profit $ 1,620 $ 2,988 $ 150 $ - $ 4,758 Allocated operating expenses $ 1,103 $ 1,683 $ 122 $ - $ 2,908 Unallocated operating expenses - - - - $ 345 Operating Income (loss) $ 517 $ 1,305 $ 28 $ - $ 1,505 Financial expenses - - - - $ (262 ) Net Income before tax - - - - $ 1,243 Tax on income - - - - $ 1 Net Income - - - - $ 1,242 RFID Supply Chain Intelligent Intercompany Consolidated Six months ended June 30, 2023: Revenues $ 6,948 $ 15,350 $ 1,257 $ (77 ) $ 23,478 Gross profit $ 1,796 $ 3,253 $ 20 $ - $ 5,069 Allocated operating expenses $ 1,097 $ 1,859 $ 130 $ - $ 3,086 Unallocated operating expenses - - - - $ 374 Operating Income (loss) $ 699 $ 1,394 $ (110 ) $ - $ 1,609 Financial expenses - - - - $ (343 ) Net Income before tax - - - - $ 1,266 Tax on income - - - - $ - Net Income - - - - $ 1,266
Schedule of Total Revenues	The following presents total revenues for the six months ended June 30, 2024 and 2023 based on the location of customers: June 30, 2024 2023 Unaudited Israel $ 18,041 $ 19,765 Far East 54 707 India 796 1,060 Europe 463 838 United States 377 1,080 Others 3 28 $ 19,734 $ 23,478

General (Details)

General (Details)	6 Months Ended
	Jun. 30, 2024
General [Abstract]
Number of operating segments	3

Significant Accounting Polici_2

Significant Accounting Policies (Details) - shares shares in Millions	Jun. 30, 2024	Jun. 30, 2023
Significant Accounting Policies [Abstract]
Weighted average outstanding options	1.4	1.5

Inventories (Details) - Schedul

Inventories (Details) - Schedule of Inventories - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Inventories [Abstract]
Raw materials	$ 27	$ 229
Inventory in progress	2,107	1,301
Finished goods	5,296	5,260
Net – advances from customers	(583)	(720)
Inventory total	$ 6,847	$ 6,070

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($) $ in Thousands			6 Months Ended	12 Months Ended
	May 31, 2023	Apr. 02, 2023	Jun. 30, 2024	Dec. 31, 2023
Intangible Assets, Net [Line Items]
Amortization expenses			$ 95	$ 168
Sale of shares		$ 723
Paid monthly installment		$ 138
Products consideration paid	$ 38

Intangible Assets, Net (Detai_2

Intangible Assets, Net (Details) - Schedule of Composition - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Cost:
Total cost		$ 2,062	$ 2,062
Accumulated amortization and impairments:
Total accumulated amortization and impairments		1,079	984
Amortized cost		983	1,078
Customer relationship [Member]
Cost:
Total cost		1,032	1,032
Accumulated amortization and impairments:
Total accumulated amortization and impairments		811	793
Suppliers’ relationship [Member]
Cost:
Total cost	[1]	$ 760	760
Weighted average amortization period	[1]	8 years 10 months 2 days
Accumulated amortization and impairments:
Total accumulated amortization and impairments		$ 107	64
Non-competition [Member]
Cost:
Total cost		$ 270	270
Weighted average amortization period		4 years
Accumulated amortization and impairments:
Total accumulated amortization and impairments		$ 161	$ 127
Minimum [Member] | Customer relationship [Member]
Cost:
Weighted average amortization period		7 years
Maximum [Member] | Customer relationship [Member]
Cost:
Weighted average amortization period		8 years 10 months 2 days
[1] On July 7, 2013, the Company entered into a profit-sharing agreement with Proteus Ltd, providing for the joint market and sale of certain products.

Leases (Details) - Schedule of

Leases (Details) - Schedule of Lease Cost $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Operating lease cost:
Operating lease cost (in Dollars)	$ 130
Vehicles [Member]
Operating lease cost:
Operating lease cost (in Dollars)	$ 74
Weighted Average Discount Rate
Weighted Average Discount Rate	1.90%
Facilities rent [Member]
Operating lease cost:
Operating lease cost (in Dollars)	$ 56
Weighted Average Discount Rate
Weighted Average Discount Rate	3.97%
Minimum [Member] | Vehicles [Member]
Remaining Lease Term
Remaining Lease Term	29 days
Minimum [Member] | Facilities rent [Member]
Remaining Lease Term
Remaining Lease Term	2 years 3 months 3 days
Maximum [Member] | Vehicles [Member]
Remaining Lease Term
Remaining Lease Term	2 years 3 months
Maximum [Member] | Facilities rent [Member]
Remaining Lease Term
Remaining Lease Term	10 years 1 month 2 days

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of Maturities of Operating Lease Liabilities $ in Thousands	Jun. 30, 2024 USD ($)
Period:
The remainder of 2024	$ 117
2025	201
2026	147
2027	88
2028	77
2029-2034	359
Total operating lease payments	989
Less: imputed interest	159
Present value of lease liabilities	$ 830

Segments and Geographical Inf_3

Segments and Geographical Information (Details) - Schedule of Information About the Operating Segments - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Information about the Operating Segments [Line Items]
Revenues	$ 19,734	$ 23,478
Gross profit	4,758	5,069
Allocated operating expenses	2,908	3,086
Unallocated operating expenses	345	374
Operating Income (loss)	1,505	1,609
Financial expenses	(262)	(343)
Net Income before tax	1,243	1,266
Tax on income	1
Net Income	1,242	1,266
RFID [Member]
Schedule of Information about the Operating Segments [Line Items]
Revenues	6,662	6,948
Gross profit	1,620	1,796
Allocated operating expenses	1,103	1,097
Unallocated operating expenses
Operating Income (loss)	517	699
Financial expenses
Net Income before tax
Tax on income
Net Income
Supply Chain Solutions [Member]
Schedule of Information about the Operating Segments [Line Items]
Revenues	12,687	15,350
Gross profit	2,988	3,253
Allocated operating expenses	1,683	1,859
Unallocated operating expenses
Operating Income (loss)	1,305	1,394
Financial expenses
Net Income before tax
Tax on income
Net Income
Intelligent Robotics [Member]
Schedule of Information about the Operating Segments [Line Items]
Revenues	401	1,257
Gross profit	150	20
Allocated operating expenses	122	130
Unallocated operating expenses
Operating Income (loss)	28	(110)
Financial expenses
Net Income before tax
Tax on income
Net Income
Intercompany [Member]
Schedule of Information about the Operating Segments [Line Items]
Revenues	(16)	(77)
Gross profit
Allocated operating expenses
Unallocated operating expenses
Operating Income (loss)
Financial expenses
Net Income before tax
Tax on income
Net Income

Segments and Geographical Inf_4

Segments and Geographical Information (Details) - Schedule of Total Revenues - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Total Revenues [Line Items]
Total revenues	$ 19,734	$ 23,478
Israel [Member]
Schedule of Total Revenues [Line Items]
Total revenues	18,041	19,765
Far East [Member]
Schedule of Total Revenues [Line Items]
Total revenues	54	707
India [Member]
Schedule of Total Revenues [Line Items]
Total revenues	796	1,060
Europe [Member]
Schedule of Total Revenues [Line Items]
Total revenues	463	838
United States [Member]
Schedule of Total Revenues [Line Items]
Total revenues	377	1,080
Others [Member]
Schedule of Total Revenues [Line Items]
Total revenues	$ 3	$ 28

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands, ₪ in Millions	Apr. 02, 2023 USD ($)	Sep. 09, 2024 ILS (₪)
Subsequent Events [Line Items]
Sale of shares	$ 723
Paid monthly installment	$ 138
Consideration amount (in New Shekels) | ₪		₪ 1.2