NOTE 19:
OPERATING SEGMENTS
| a. | Reportable
segments represent the two lines of business for which the Company expects to earn income,
incur costs and allocate resources. Operating segments are identified based on information
that is reviewed by the chief operating decision maker (“CODM”) and senior management
to make decisions about resources to be allocated and assess operational and financial performance.
Accordingly, for management purposes, the Company is organized into operating segments as
follows: |
| 1. | Digital
assets segment - development and operation of an integrated, regulated solutions for trading
of blockchain assets, and providing related services for products utilizing blockchain technology. |
| 2. | Brokerage
segment - Until November 29, 2024, the Company also operated in the brokerage segment through
ILSB, which facilitated financial transactions between financial institutions and offered
a full range of brokerage services to several leading banking institutions. Following the
sale agreement signed on August 29, 2024, this segment was sold on November 29, 2024. The
segment’s results until the sale date are presented as net income from discontinued operation
in the statement of comprehensive income. |
| b. | Revenue
based on geographic locations: |
Revenue
reported in the financial statements are attributed to countries based on the location of the customers, as follows:
| | |
Year
ended December 31 | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| |
| Digital Asset Segment: | |
| | |
| | |
| |
| Switzerland | |
$ | - | | |
$ | 871 | | |
$ | 976 | |
| United States | |
$ | 159 | | |
$ | 231 | | |
$ | 149 | |
| United Kingdom | |
$ | 34 | | |
$ | 56 | | |
$ | 4 | |
| Japan | |
$ | 51 | | |
$ | 44 | | |
$ | 107 | |
| State of Israel | |
$ | 16 | | |
$ | 16 | | |
$ | 21 | |
| Gibraltar | |
$ | 5 | | |
$ | - | | |
$ | 11,380 | |
| South Korea | |
$ | 25 | | |
$ | 20 | | |
$ | 37 | |
| Other | |
$ | 28 | | |
$ | 55 | | |
$ | 114 | |
| c. | Revenue from major customers: |
Revenue
from major customers which account for 10 percent or more of total revenue as reported in the financial statements:
| | |
Year
ended December 31 | |
| | |
| 2025 | | |
| 2024 | | |
| 2023 | |
| | |
| | | |
| | | |
| | |
| Customer
A (*) | |
$ | - | | |
$ | 659 | | |
$ | 976 | |
| (*) | See note 14 - Related parties |
|