Segment Geographical Information And Major Customers

12 Months Ended

Dec. 31, 2023

Segment Geographical Information And Major Customers [Abstract]

SEGMENT GEOGRAPHICAL INFORMATION AND MAJOR CUSTOMERS

NOTE 16 - SEGMENT GEOGRAPHICAL INFORMATION AND MAJOR CUSTOMERS

A. General information

Since inception date, the operation of the Company is conducted through one operating segment, the optimization technology for video and photo compression, which represents a single reporting unit. This activity also represents the reportable segment of the Group.

B. Revenues by geographic region are as follows:

	Year ended December 31
	2023		2022		2021
United States	$	2,089	$	2,134	$	2,597
Israel		66		22		101
Rest of the world		754		707		602
	$	2,909	$	2,863	$	3,300

Revenues were attributed to countries based on customer location.

C. Long-lived assets, net, by geographic areas:

	As of December 31,
	2023		2022
Israel	$	14	$	12
United States		-		1
Russia		5		2
	$	19	$	15

Such balance is comprised of property and equipment that are attributed to the geographic area in which they are located or originated, as applicable.

D. Major customers

During the years ended December 31, 2023, 2022 and 2021, the Company had one customer which accounted for 26%, 26% and 23% of the Company’s total revenues, respectively. In addition, the Company had several customers, which accounted for in aggregate 81% of the Company’s total trade receivables as of December 31, 2023 and 2022.

E. Major product lines and services and timing of revenue recognition

In the following table, revenue is disaggregated by primary major product lines and services, and timing of revenue recognition for the years ended December 31, 2023, 2022 and 2021:

	Year ended December 31,
	2023		2022		2021
Software license:
Perpetual based software license - transferred at a point of time	$	886	$	1,068	$	1,156
Term-based software license - transferred at a point of time		1,844		1,630		2,032
Total software license (*)	$	2,730	$	2,740	$	3,188
PCS services transferred over a period of time		120		123		112
Web advertising at a point of time upon clicks		59		42		-
	$	2,909	$	2,863	$	3,300

(*) Revenue recognized from sales-based software license was $53, $48 and $45 during the years ended December 31, 2023, 2022 and 2021, respectively (see also Note 2O).