v3.25.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets

The following is a summary of the significant components of deferred tax assets:

 

   December 31  December 31
   2024  2023
   US Dollars (In thousands)
Operating loss carryforwards   2,182    1,678 
Research and development costs capitalized for tax purposes   161    423 
Payroll and related payables   1    7 
Lease liability   —      9 
Total deferred tax assets   2,344    2,117 
           
Right of use asset- deferred tax liability   —      (19)
           
Total deferred tax assets, net   2,344    2,098 
Valuation allowance for deferred tax assets   (2,344)   (2,098)
           
Deferred tax assets, net of valuation allowance   —      —   
Schedule of Composition of Loss from Continuing Operations Before Income Taxes

 

  

For the year ended

December 31

 

For the year ended

December 31

   2024  2023
   US Dollars (In thousands)
Loss from continuing operations before income taxes:          
US   282    346 
Israel   1,617    4,563 
           
Loss from continuing operations before income taxes   1,899    4,909 
Schedule of Statutory Income Tax Expense (Benefit) to Actual Income Tax Expense Reconciliation between the theoretical income tax expense, assuming all income is taxed at the federal statutory income tax rate applicable to income of the Parent Company and the actual income tax expense as reported in the statements of operations is as follows:

 

 

   December 31  December 31
   For the years ended
   December 31  December 31
   2024  2023
   US Dollars (In thousands)
Loss before income taxes as reported in the statements of operations   (1,899)   (4,909)
           
Statutory tax rate   21%   21%
           
Theoretical income tax benefit on the above amount at the US federal statutory income tax rate   (399)   (1,031)

 

Additional tax (tax savings) in respect of:          
           
Nondeductible expenses   113    389 
Differences in tax rates between statutory tax and income tax of the Subsidiary*   (33)   (91)
Change in valuation allowance   246    644 
Effect of currency exchange differences   60    87 
Other   13    2 
           
Actual taxes on income   —      —   

 

  (*) The Subsidiary operates in Israel in a tax jurisdiction with a corporate income tax rate of 23%.
Schedule of Roll forward of Valuation Allowance

 

  

US Dollars

(In thousands)

Balance on January 1, 2023   1,454 
Change in valuation allowances - Income tax expense   644 
      
Balance on December 31, 2023   2,098 
Change in valuation allowances - Income tax expense   246 
      
Balance on December 31, 2024   2,344