Registration of securities issued in business combination transactions

Accounts Receivable

v3.22.2.2
Accounts Receivable
12 Months Ended
Dec. 31, 2021
Credit Loss, Additional Improvements [Abstract]  
Accounts Receivable

Note 6 — Accounts Receivable:

a.      Trade Receivable, net:

 

December 31,

   

2021

 

2020

   

U.S. dollars in thousands

Open accounts

 

250

 

128

As of December 31, 2021, the Company has recognized bad debts totaling $10 thousands.

As of December 31, 2021 and 2020, no allowance for expected credit losses was recognized by the Company.

As of December 31, 2021 and 2020, the Company had a major customer in Singapore for which revenue constitutes approximately 86% and 63% of the Company’s revenues in each year, respectively.

b.      Following is information about the credit risk exposure of the Company’s accounts receivable:

 

Accounts
receivables –
Open Accounts
(without
Delays in
Collection)

 




Past due accounts receivable

   
   

Up to
30 Days

 

31-60 Days

 

61-90 Days

 

91-120 Days

 

Over 120 Days

 

Total

       

U.S. dollars in thousands

       

December 31. 2021

Gross carrying amounts

 

69

 

 

120

 

 

 

61

 

250

                             
       

December 31, 2020

Gross carrying amounts

 

108

 

 

20

 

 

 

 

128