XML 31 R14.htm IDEA: XBRL DOCUMENT
v3.21.1

OPERATING LEASES | 12 Months Ended
--- | ---
Dec. 31, 2020
OPERATING LEASES |
OPERATING LEASES | NOTE 7 - OPERATING LEASES The Company is a party to several lease agreements for its facilities, the latest of which has been extended until 2021. The Company has the option to extend certain of such agreements on two additional occasions for additional five-year periods each, for a total of 10 additional years. During the extended lease period, the aggregate monthly rental payments will increase by 7.5%-10% for each option. The Company expects to exercise these options in future periods. As of December 31, 2020, the Company provided bank guarantees of approximately $464,000, in the aggregate, to secure the fulfillment of its obligations under the lease agreements. The Company entered into several three-year leases for vehicles which are regularly amended as new vehicles are leased. The following table sets forth data regarding the Company’s operating leases for the year ended December 31, 2019 and 2020:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​
(U.S. dollars in thousands) | ​ | 2019 | ​ | ​ | 2020 | ​
Operating lease costs | ​ | $ | 1,219 | ​ | ​ | $ | 1,382 | ​
Cash paid for amounts included in the measurement of lease liabilities | ​ | ​ | 1,329 | ​ | ​ | ​ | 1,289 | ​
Weighted average remaining lease term (in years) | ​ | ​ | 10.5 | ​ | ​ | ​ | 9.5 | ​
Weighted average discount rate | ​ | ​ | 12.7 | % | ​ | ​ | 12.7 | %
​ The following table sets forth a maturity analysis of the Company’s operating lease liabilities as of December 31, 2020: ​
​ | ​ | ​ | ​
(U.S. dollars in thousands) |  | December 31, 2020
2021 | ​ | $ | 1,233
2022 | ​ | $ | 1,111
2023 | ​ | $ | 927
2024 | ​ | $ | 838
2025 and thereafter | ​ | $ | 6,222
Total undiscounted cash flows | ​ | $ | 10,331
Less: imputed interest | ​ | $ | 4,444
Present value of operating lease liabilities | ​ | $ | 5,887
​

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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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