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LEASES
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
LEASES

NOTE 6 - LEASES

 

In November 2019, the Company signed an office space lease agreement for the period from November 2019 until October 2024. The monthly lease payments are approximately $16. To secure the lease payments the Company had issued a bank guarantee of $49 in favor of the facility’s lessor.

 

In November 2024, the Company extended the lease for one year until October 2025. Additionally, the Company entered into agreements for car leases.

 

The following table presents the components of the Company’s lease cost and the classification of such costs in the Company’s consolidated statements of comprehensive loss for the years ended December 31, 2024 and 2023:

 

            
      For the Years Ended December 31, 
Component of Lease Cost  Statements of Comprehensive Loss Line Item  2024   2023 
Operating lease cost  Research and development, net  $215   $279 

 

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

 

         
   For the Years Ended December 31, 
   2024   2023 
Cash paid under operating lease agreements  $219   $283 

 

Undiscounted maturities of future operating lease payments as of December 31, 2024 are summarized as follows:

 

   As of December 31, 
   2024 
2025  $75 
2026   42 
Total future lease payments   117 
Less imputed interest   (6)
Total lease liabilities  $111 

 

The following table includes the weighted-average lease terms and discount rates for operating leases as of December 31, 2024 and 2023:

 

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES

   As of December 31, 
   2024   2023 
         
Operating leases weighted average remaining lease term (in years)   1.58    0.8 
Operating leases weighted average discount rate   6.71%   7%

 

 

MICROBOT MEDICAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

U.S. dollars in thousands

(Except share and per share data)