Related Parties (Tables)

3 Months Ended

Mar. 31, 2024

Related Parties [Abstract]

Schedule of Transactions and Balances with Related Parties

Transactions and balances with related parties

	Three months ended March 31,
	2024		2023
Sales:
Sales to SDI Cuentas LLC	$	45	$	12
Total sales to related parties	$	45	$	12
Cost of sales:
Cost of sales from Next Communications INC (a company controlled by Arik Maimon, Company’s Chairman of the Board and CEO) (a)	$	565	$	-
Total sales to related parties	$	565	$	-
Consulting fees:
Consulting fees to Angelo De Prado (b)	$	-	$	2
Consulting fees to Sima Maimon Bakhar (c)		-		2
Total Consulting fees to related parties	$	-	$	4

(a) On June 26, 2009 the Company and Next Communications INC (“Next”) entered into Bilateral Wholesale Carrier Agreement according to which the Company and Next will provide and purchase from time to time telecommunications transport services from each other and to other carriers at price determined in the agreement and as may mutually change from time to time. The Agreement shall continue on a month-to-month basis unless either Party notifies the other in writing not less than 30 days prior of its intent to terminate this Agreement.

(b) Angelo De Prado is the son of Michael De Prado.

(c) Sima Maimon Bakhar is the wife of Arik Maimon.

Schedule of Balances with Related Parties and Officers

Balances with related parties and officers:

	March 31,		December 31,
	2024		2023
Arik Maimon (Chairman of the Board and the CEO)	$	73	$	73
Michael De Prado (Vice Chairman of the Board and President)		96		99
Current assets - Related parties		169		172
Next Communications INC (a company controlled by Arik Maimon Company’s Chairman of the Board and CEO)		271		1,300
SDI Cuentas LLC.		19		-
Current assets – Accounts receivables		290		1,300
Total Due from related parties	$	459	$	1,472