v3.25.0.1
SEGMENT REPORTING
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Segment Reporting [Abstract]    
SEGMENT REPORTING

NOTE 8 – SEGMENT REPORTING

 

  A. Information about reported segment profit or loss and assets

 

The Company has two reportable segments: (i) Pathogen prevention and prolong shelf life, and (ii) the N2O emissions Global warming solutions. The Pathogen prevention operating segment consists of Save Food Ltd. and the Global warming solutions operating segment consists of NTWO OFF Ltd.

 

Information related to the operations of the Company’s reportable operating segments is set forth below:

 

   Pathogen prevention   Global warming solutions   Total 
Nine months ended September 30, 2024               
Revenues   69,481    -    69,481 
Operating loss   (830,372)   (250,698)   (1,081,070)
Unallocated amounts:               
Unallocated costs             (2,223,999)
Total operating loss             (3,315,069)
Financing expenses, net             (117,335)
Other income             353,033 
Changes in fair value of an investment in an associate measured under the fair value option             (856,836)
Net loss             (3,936,207)

 

   Pathogen prevention   Global warming solutions   Total 
Three months ended September 30, 2024               
Revenues   9,104    -    9,104 
Operating loss   (355,811)   (113,948)   (469,759)
Unallocated amounts:               
Unallocated costs             (1,080,036)
Total operating loss             (1,549,795)
Financing expenses, net             (41,215)
Other income             247,808 
Changes in fair value of an investment in an associate measured under the fair value option             (970,505)
Net loss             (2,313,707)

 

   Pathogen prevention   Global warming solutions   Total 
Nine months ended September 30, 2023            
Revenues   157,618    -    157,618 
Operating loss   (915,374)   (1,675,505)   (2,590,879)
Unallocated amounts:               
Unallocated costs             (2,850,017)
Total operating loss             (5,440,896)
Financing income, net             43,666 
Other income             12,294 
Changes in fair value of an investment in an associate measured under the fair value option             (87,576)
Net loss             (5,472,512)

 

   Pathogen prevention   Global warming solutions   Total 
Three months ended September 30, 2023            
Revenues   -    -    - 
Operating loss   (303,487)   (1,675,505)   (1,978,992)
Unallocated amounts:               
Unallocated costs             (877,932)
Total operating loss             (2,856,924)
Financing income, net             10,579 
Other income             - 
Changes in fair value of an investment in an associate measured under the fair value option             (189,683)
Net loss             (3,036,028)

 

  B. Information on sales by geographic distribution:

 

Sales are attributed to geographic distribution based on the location of the customer.

 

   2024   2023   2024   2023 
   Nine months ended September 30,   Three months ended September 30, 
   2024   2023   2024   2023 
                 
Israel   27,629    5,221    8,326    - 
United States   39,752    41,554    778    - 
Mexico   -    109,824    -    - 
Peru   2,100    -    -    - 
Turkey   -    1,019    -    - 
Revenues from sales   69,481    157,618    9,104    - 

 

  C. Sales to single customers exceeding 10% of sales (US$):

 

   2024   2023   2024   2023 
   Nine months ended September 30,   Three months ended September 30, 
   2024   2023   2024   2023 
                 
Customer A   -    109,824    -    - 
Customer B   38,974    41,554    -    - 
Customer C   16,946    -    3,911    - 
Revenues from sales   55,920    151,378    3,911    - 

 

  D. Information on Long-Lived Assets - Property, Plant and Equipment and ROU assets by geographic areas:

 

The following table presents the locations of the Company’s long-lived assets as of September 30, 2024 and December 31, 2023:

 

   As of September 30,   As of December 31, 
   2024   2023 
         
Israel   53,555    102,103 
United States   15,085    21,046 
Property, plant and equipment and ROU assets   68,640    123,149 

 

 

N2OFF, INC.

 

NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (unaudited)

 

NOTE 20 – SEGMENT REPORTING

 

A. Information about reported segment profit or loss and assets

 

During the year ended December 31, 2022, the Company had one reportable segment. As a result of the formation of a new subsidiary, in the reporting period (see note 6), the Company has two reportable segments: (i) Pathogen prevention and prolong shelf life, and (ii) the N2O emissions Global warming solutions. The Pathogen prevention operating segment consists Save Food Ltd. and the Global warming solutions operating segment consist of NTWO OFF Ltd.

 

Information related to the operations of the Company’s reportable operating segments is set forth below:

 

   Pathogen prevention   Global warming solutions    Total 
Year ended December 31, 2023                
Revenues   263,445    -     263,445 
Operating loss   (1,098,383)   (1,788,093)    (2,886,476)
Unallocated amounts:                
Unallocated costs              

(4,691,300

)
Total operating loss              

(7,577,776

)
Financing income, net              46,511 
Other income              984,940 
Changes in fair value of an investment in an associate measured under the fair value option              (713,593)
Net loss              (7,259,918)

 

B. Information on sales by geographic distribution:

 

Sales are attributed to geographic distribution based on the location of the customer.

  

   2023   2022 
   Year ended December 31 
   2023   2022 
         
United States   142,733    163,644 
Mexico   109,824    154,425 
Israel   9,869    29,998 
Turkey   1,019    45,937 
 Revenues from sales of products   263,445    394,004 

 

 

N2OFF, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(U.S. dollars, except share and per share data)

 

NOTE 20 – SEGMENT REPORTING (continue)

 

C. Sales to single customers exceeding 10% of sales:

   2023   2022 
   Year ended December 31 
   2023   2022 
         
Customer A   142,733    163,644 
Customer B   109,824    154,425 
Customer C   -    45,937 
 Revenues from sales of products   252,557    364,006 

 

D. Information on Long-Lived Assets - Property, Plant and Equipment and ROU assets by geographic areas:

 

The following table presents the locations of the Company’s long-lived assets as of December 31, 2023 and 2022:

 

   2023   2022 
   Year ended December 31 
   2023   2022 
         
Israel   102,103    207,779 
United States   21,046    11,990 
Property, plant and equipment and ROU assets   123,149    219,769