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LEASES

12 Months Ended

Dec. 31, 2022

Leases

LEASES

NOTE 6 - LEASES

In November 2019, the Company signed a lease agreement for the period from November 2019 till October 2024. In addition, the Company received an option to extend the lease agreement for additional 5 years.

The monthly lease payments are approximately $16.

To secure the lease payments the Company had issued a bank guarantee of $54 in favor of the facility’s lessor.

Supplemental cash flow information related to operating leases was as follows:

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES

		2022				2021
		For the Years Ended December 31,
		2022				2021
Cash payments and expenses		$	344			$	330

Undiscounted maturities of operating lease payments as of December 31, 2022 are summarized as follows:

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

		2022
		As of December 31,
		2022
2023		$	312
2024			181
2025			2
Total future lease payments			495
Less imputed interest			(33	)
Total lease liability balance		$	462

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES

		As of December 31,
		2022				2021
Operating leases weighted average remaining lease term (in years)			2				3
Operating leases weighted average discount rate			9	%			9	%

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- References

No definition available.

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- 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 https://asc.fasb.org/subtopic&trid=77888251

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