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Deferred Revenue
12 Months Ended
Dec. 31, 2023
Deferred Revenue [Abstract]  
DEFERRED REVENUE

NOTE 9 — DEFERRED REVENUE

 

The following table represents the changes in deferred revenue for the year ended December 31, 2023 and December 31, 2022:

 

   Deferred
Revenue (U.S. Dollars in thousands)
 
Balance at January 1, 2022  $662 
Additions   102 
Revenue recognized in the reported period   (184)
Balance at December 31, 2022 (*)  $580 
Additions   176 
Revenue recognized in the reported period -   (213)
Balance at December 31, 2023 (**)  $543 

 

*Includes $398 thousand under long term deferred revenue in the Company’s consolidated balance sheets as of December 31, 2022.

 

** Includes only short term deferred revenue in the Company’s consolidated balance sheets as of December 31, 2023.