Taxes on Income |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||
| Taxes on Income [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||
| TAXES ON INCOME | NOTE 10 — TAXES ON INCOME
Nexera and Top Rank are taxed according to Israeli tax laws, at a corporate tax rate of 23%. Smart Pro, KeepZone and Fort U.S. are taxed according to U.S. federal and state tax laws, at a blended corporate tax rate of 28%. Fort is taxed according to United Kingdom tax law, at a corporate tax rate of 25%, and Fort Technology is taxed according to Canadian federal and provincial corporate income tax, at a combined tax rate of 27%.
The Company computes its interim income tax provision based on its estimated annual effective tax rate, adjusted for discrete items arising in the period. For the six months ended June 30, 2026 and 2025, the Company recorded tax expense of $58 and tax benefit of $94, respectively. As of June 30, 2026, there was no material change in the Company’s valuation allowance or in its uncertain tax positions relative to December 31, 2025.
The components of tax expense (benefit) were as follows:
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