XML 35 R17.htm IDEA: XBRL DOCUMENT
v3.25.1

Leases | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
LEASES | NOTE 9: - LEASES The Company has entered into various operating lease agreements for certain of its offices and car leases with original lease periods expiring between 2024 and 2028. Most of the lease agreements include one or more options to renew. The Company does not assume renewals in determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. Lease payments included in the measurement of the operating lease liability comprise the following: the fixed non-cancelable lease payments and payments for optional renewal periods where it is reasonably certain the renewal period will be exercised. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The implicit rate within the operating leases is generally not determinable; therefore, the Company uses its Incremental Borrowing Rate (“IBR”) based on the information available at commencement date in determining the present value of lease payments. The Company’s IBR is estimated to approximate the interest rate for collateralized borrowing with similar terms and payments and in the economic environment where the leased asset is located. On December 24, 2024, the Company’s lease of its offices in Israel was amended. As a result of the amendment, the operating lease ROU and the operating lease liability increased by $2,709. The following table represents the weighted-average remaining lease term and discount rate:
|  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Weighted average remaining lease term |  |  | 3.82 years |  |  |  | 1.20 years |
Weighted average discount rate |  |  | 5.26 | % |  |  | 4.86 | %
The components of lease expense for the year ended December 31, 2024 were as follows:
|  | Year ended |  |  | Year ended |
|  | December 31, 2024 |  |  | December 31, 2023 |
Fixed lease costs |  | $ | 1,150 |  |  | $ | 1,108 |
Short-term lease costs |  |  | 9 |  |  |  | 28 |
Total lease expense |  | $ | 1,159 |  |  | $ | 1,136 |
Cash paid for amounts included in the measurement of operating lease liabilities was $822 and $818 during the years ended December 31, 2024 and 2023, respectively. Maturities of the Company’s operating lease liabilities as of December 31, 2024 are as follows:
|  | Operating Leases |
2025 |  | $ | 1,005 |
2026 |  |  | 964 |
2027 |  |  | 956 |
2028 |  |  | 829 |
Total operating lease payments |  | $ | 3,754 |
Less: imputed interest |  |  | 350 |
Present value of lease liabilities |  | $ | 3,404 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration