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Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 2,294,679 $ 2,050,494
Short-term bank deposits 3,148,746
Trade receivables, net 3,494,701 2,990,305
Other current assets and prepaid expenses 322,449 172,809
Inventories 2,609,314 1,959,651
Total current assets 8,721,143 10,322,005
NON-CURRENT ASSETS:    
Restricted deposits 40,553 32,692
Property, plant and equipment, net 407,430 313,649
Severance pay fund 175,463 162,053
Operating lease right-of-use assets 475,515 503,507
Total non-current assets 1,098,961 1,011,901
Total assets 9,820,104 11,333,906
CURRENT LIABILITIES:    
Short Term bank credit 9,345
Trade payables 1,156,567 1,214,621
Other current liabilities 1,532,493 1,344,284
Total current liabilities 3,250,618 3,057,686
LONG-TEM LIABILITIES:    
Non-current operating lease liabilities 268,800 323,071
Accrued severance pay 440,295 469,191
Total long-term liabilities 754,438 1,381,730
Total liabilities 4,005,056 4,439,416
COMMITMENT AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:    
Ordinary Shares, no par value - Authorized: 100,000,000 shares at December 31, 2024 and 2023; Issued: 8,104,180 and 7,999,216 shares at December 31, 2024 and 2023, respectively; Outstanding: 7,983,465 and 7,878,501 shares at December 31, 2024 and 2023, respectively
Treasury shares at cost (120,715 Ordinary Shares at December 31, 2024 and 2023) (119,536) (119,536)
Additional paid-in capital 18,070,599 17,916,149
Accumulated deficit (12,136,015) (10,902,123)
Total shareholders’ equity 5,815,048 6,894,490
Total liabilities and shareholders’ equity 9,820,104 11,333,906
Related Party    
CURRENT LIABILITIES:    
Current liabilities from related parties 552,213 498,781
LONG-TEM LIABILITIES:    
Long-term loans from related parties $ 45,343 $ 589,468