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LEASES
 12 Months Ended
Dec. 31, 2021
Leases  
LEASES

NOTE 5 - LEASES

 

In November 2019, the Company signed a lease agreement for the period from November 2019 till October 2022. In addition, the Company received an option to extend the lease agreement for additional 2 years.

 

The monthly lease payments are approximately $16.

 

To secure the lease payments the Company had issued bank guarantee of $48 in favor of the facility’s lessor.

 

   For the Years Ended December 31, 
   2021   2020 
Cash payments and expenses  $330   $229 

 

Undiscounted maturities of operating lease payments as of December 31, 2021 are summarized as follows:

 

   2021 
   As of December 31,
   2021 
2022  $324 
2023   269 
2024   163 
2025   - 
Total future lease payments  $756 
Less imputed interest   (76)
Total lease liability balance  $680 

 

   As of December 31, 
   2021   2020 
         
Operating leases weighted average remaining lease term (in years)   3    4 
Operating leases weighted average discount rate   9%   9%

 

 

MICROBOT MEDICAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

U.S. dollars in thousands

(Except share and per share data)