SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
9 Months Ended |
12 Months Ended |
Sep. 30, 2024 |
Dec. 31, 2023 |
| Accounting Policies [Abstract] |
|
|
| Schedule of Public Utility Property, Plant, and Equipment |
|
|
|
%
|
|
Computer
equipment |
20-33
(mainly 33) |
|
Office
furniture and equipment |
6
- 10
(mainly 10) |
|
Machinery
and laboratory equipment |
15
|
|
Field
service units |
20-50
|
|
Leasehold
improvements |
Over
the shorter of the lease term
or
estimated useful life |
|
| Schedule of assets and liabilities measured at fair value |
| |
|
|
|
Fair
value measurements as of |
|
|
Description
|
|
Fair Value
Hierarchy
|
|
September 30,
2024
|
|
|
December 31,
2023
|
|
|
Financial
assets: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
Money market funds included
in cash and cash equivalent |
|
Level
1 |
|
$
|
2,665
|
|
|
$
|
2,550
|
|
|
Treasury bills included
in cash and cash equivalent |
|
Level
1 |
|
|
1,313
|
|
|
|
2,525
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Total Assets Measured
at Fair Value |
|
|
|
$
|
3,978
|
|
|
$
|
5,075
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Financial
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
Earnout
|
|
Level
3 |
|
$
|
792
|
|
|
$
|
3,292
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Total liabilities measured
at fair value |
|
|
|
$
|
792
|
|
|
$
|
3,292
|
|
|
| |
|
|
|
Fair
value measurements as of |
|
|
Description
|
|
Fair
Value Hierarchy |
|
December
31,
2023
|
|
|
December
31,
2022
|
|
|
Financial
assets: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
Money market funds included
in cash and cash equivalent |
|
Level
1 |
|
$
|
2,550
|
|
|
$
|
-
|
|
|
Treasury bills included
in cash and cash equivalent |
|
Level
1 |
|
$
|
2,525
|
|
|
$
|
-
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Total Assets Measured
at Fair Value |
|
|
|
$
|
5,075
|
|
|
$
|
-
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Financial
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
Earnout
|
|
Level
3 |
|
$
|
3,292
|
|
|
$
|
-
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Total liabilities measured
at fair value |
|
|
|
$
|
3,292
|
|
|
$
|
-
|
|
|
| Schedule of warrants liability activity |
|
|
|
Earnout
|
|
|
Balance December 31, 2023
|
|
$ |
3,292
|
|
|
Change in fair value |
|
|
(2,500
|
) |
|
Balance September 30, 2024
|
|
$ |
792
|
|
|
| |
|
Earnout
|
|
|
|
Initial Measurement (August
11, 2023) |
|
$
|
3,607
|
|
|
|
Change in fair value
|
|
|
(315)
|
|
|
|
Balance December 31,
2023 |
|
$
|
3,292
|
|
|
|
| Schedule of disaggregation of revenues |
|
|
|
Three
Months Ended
September
30, |
|
|
Nine
Months Ended
September
30, |
|
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
|
Product
|
|
$
|
4,800
|
|
|
$
|
3,632
|
|
|
$
|
13,667
|
|
|
$
|
5,563
|
|
|
Rental
|
|
|
1,008
|
|
|
|
303
|
|
|
|
2,776
|
|
|
|
685
|
|
|
Service and warranty
|
|
|
320
|
|
|
|
468
|
|
|
|
1,675
|
|
|
|
722
|
|
|
Total Revenues
|
|
$
|
6,128
|
|
|
$
|
4,403
|
|
|
$
|
18,118
|
|
|
$
|
6,970
|
|
|
|
|
|
Year
Ended December 31, |
|
|
|
|
2023
|
|
|
2022
|
|
|
2021
|
|
|
Product
|
|
$
|
10,681
|
|
|
$
|
4,175
|
|
|
$
|
4,916
|
|
|
Rental
|
|
|
1,033
|
|
|
|
859
|
|
|
|
533
|
|
|
Service
and warranty |
|
|
2,140
|
|
|
|
477
|
|
|
|
517
|
|
|
Total
Revenues |
|
$
|
13,854
|
|
|
$
|
5,511
|
|
|
$
|
5,966
|
|
|
| Schedule of contract balances |
|
|
|
September 30,
|
|
|
December 31,
|
|
|
|
|
2024
|
|
|
2023
|
|
|
Trade receivable, net
of credit losses (1) |
|
$
|
5,843
|
|
|
$
|
3,120
|
|
|
Deferred revenues (1)
(2) |
|
$
|
2,659
|
|
|
$
|
3,010
|
|
| |
(1) |
Balance presented net
of unrecognized revenues that were not yet collected. |
| |
(2) |
During the nine months
ended September 30, 2024, $1.6
million of the December 31, 2023 deferred revenues balance was recognized as revenues. |
|
|
|
|
December
31, |
|
|
December
31, |
|
|
|
|
2023
|
|
|
2022
|
|
|
Trade
receivable, net of credit losses (1) |
|
$
|
3,120
|
|
|
$
|
1,036
|
|
|
Deferred
revenues (1) (2) |
|
$
|
3,010
|
|
|
$
|
1,191
|
|
| |
(1) |
Balance presented net of unrecognized revenue
that was not yet collected. |
| |
(2) |
$435
thousands of the December 31, 2022 deferred revenue balance was recognized as revenue during the year ended December 31, 2023.
|
|
| Schedule of concentration of credit risk |
|
|
|
September 30,
|
|
|
December 31,
|
|
|
|
|
2024
|
|
|
2023
|
|
|
Customer A
|
|
|
42
|
%
|
|
|
-
|
|
|
|
|
|
December
31, |
|
|
|
|
2023
|
|
|
2022
|
|
|
Customer
A |
|
|
*
|
)%
|
|
|
27
|
%
|
|
Customer
B |
|
|
*
|
)%
|
|
|
13
|
%
|
|
Customer
C |
|
|
-
|
|
|
|
13
|
%
|
|
Customer
D |
|
|
-
|
|
|
|
11
|
%
|
|
| Schedule of product warranty liability |
|
|
|
US
Dollars
in
thousands
|
|
|
Balance at December 31,
2023 |
|
$
|
348
|
|
|
Provision
|
|
|
606
|
|
|
Usage
|
|
|
(530
|
)
|
|
Balance at September
30, 2024 |
|
$
|
424
|
|
|
|
| Schedule of warranty provision |
|
|
|
|
US
Dollars
in
thousands
|
|
|
Balance
at December 31, 2022 |
|
$
|
92
|
|
|
AlterG
acquisition – see note 5 |
|
|
535
|
|
|
Provision
|
|
|
200
|
|
|
Usage
|
|
|
(479
|
)
|
|
Balance
at December 31, 2023 |
|
$
|
348
|
|
|