v3.25.2
Trade Receivables, Net
12 Months Ended
Dec. 31, 2024
Trade Receivables, Net [Abstract]  
TRADE RECEIVABLES, NET
NOTE 7 – TRADE RECEIVABLES, NET

 

   December 31, 
   2024   2023 
   USD in thousands 
         
Account receivable   8,325    10,051 
Unbilled receivable   768    902 
Checks collectible   29    27 
Allowance for doubtful debt   (1,225)   (1,113)
Trade receivables, net   7,897    9,867 

 

The Company grants its customers interest-free credit for an average period of 90 days. Impaired debts are accounted for through recording an allowance for doubtful accounts.

 

The Company policy is to accrue a provision of 5% out of overdue debts in a period greater than 120 days.

 

For debts greater than 364 days a specific provision will accrue in full.

 

Following is information about the credit risk exposure of the Company’s trade receivables:

 

       Past due trade receivables     
   Not past
due
   < 30
days
   31-60
days
   60-90
days
   90-120
days
   >120
days
   Total 
   USD in thousands 
Trade receivables before allowance for doubtful accounts   4,897*    168    111    50    10   3,886    9,122 
                                    
Allowance for doubtful accounts   
-
    
-
    
-
    
-
    
-
    1,225    1,225 
                                    
December 31, 2024   4,897    168    111    50    10   2,661    7,897 
                                    
December 31, 2023   4,349    1,838    1,341    989    520    830    9,779 

 

(*)Includes unbilled account receivables balance