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Trade Receivables, Net

12 Months Ended

Dec. 31, 2019

Trade and other receivables [abstract]

NOTE 6: TRADE RECEIVABLES, NET

Trade receivables, net:

	December 31,
	2019			2018
Open accounts (1)	$	6,279		$	3,165
Credit cards		158			74
Less—allowance for doubtful accounts		(930	)		(335	)
Trade receivables, net	$	5,507		$	2,904

(1)

Trade receivables generally have 90 day credit terms. Certain customers payments are made through monthly credit card transactions.

Impaired debts are accounted for through recording an allowance for doubtful accounts.

Movement in allowance for doubtful accounts:

	U.S. dollars in thousands
Balance as of January 1, 2018	$	288
Provision for the year		335
Derecognition of bad debts		(249	)
Reversal in respect of collected doubtful accounts		(39	)
Balance as of December 31, 2018		335
Provision for the year		835
Derecognition of bad debts		(240	)
Reversal in respect of collected doubtful accounts		—
Balance as of December 31, 2019	$	930

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

December 31, 2019:
	U.S. dollars in thousands
	Not past due		< 30 days		30 - 60 days		61 - 90 days		91 - 120 days		>120 days		Total
	U.S. dollars in thousands
Gross carrying amount	$	2,619	$	1,133	$	544	$	461	$	247	$	1,433	$	6,437
Allowance for doubtful accounts	$	7	$	11	$	8	$	32	$	69	$	803	$	930
Trade receivables, net		2,612		1,122		536		429		178		630	$	5,507

December 31, 2018:
	U.S. dollars in thousands
	Not past due		< 30 days		30 - 60 days		61 - 90 days		91 - 120 days		>120 days		Total
	U.S. dollars in thousands
Gross carrying amount	$	1,210	$	953	$	207	$	305	$	266	$	298	$	3,239
Allowance for doubtful accounts	$	148	$	39	$	12	$	23	$	23	$	90	$	335
Trade receivables, net		1,062		914		195		282		243		208	$	2,904

As of December 31, 2019, the Company has over 90 days past due trade receivables, net of $ 808, of which $ 568 were paid between the reporting date and the date of the approval of the financial statements. The Company expects to collect the entire net amount of these debts.