Intangible Assets, Net

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Note 10 - Intangible Assets, Net

	December 31,
	2022		2023
	U.S. Dollars (in thousands)
Cost:
Patent registration costs		2,308		2,135
Acquired technology		12,200		-
Acquired trade names		2,700		-
Acquired customer relationship		2,000		-
		19,208		2,135
Less accumulated amortization		2,271		1,538
Total intangible assets, net		16,937		597

Amortization expense for the years ended December 31, 2023, 2022 and 2021 amounted to $733, $110 and $110, respectively.

As of December 31, 2023, the estimated amortization expenses of intangible assets for the years 2024 to 2028 is as follows:

Year ended December 31,	U.S. Dollars (in thousands)
2024		3,827
2025		3,652
2026		2,805
2027		2,795
2028		2,378