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Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
LEASES

NOTE 11 - LEASES:

 

The Company’s leases include office and vehicle leases. The lease agreements are for periods of between 2 to 3 years and may include an option to extend the lease period.

 

In June 2023, the Company entered into a new operating lease agreement for the offices it uses. The lease periods are for two years expiring in October 2025, with an option to extend the lease periods for an additional year. The Company is reasonably certain to exercise such option.

 

Expenses relating to short-term leases for the years ended December 31, 2023, 2022 and 2021 were $63 thousand, $111 thousand and $58 thousand, respectively.

 

Right-of-use assets

 

   Property   Vehicles   Total 
   U.S. dollars in thousands 
Cost:            
Balance as of January 1, 2023   763    180    943 
Additions   879    24    903 
Disposals   
-
    (127)   (127)
Balance as of December 31, 2023   1,642    77    1,719 
                
Accumulated amortization:               
Balance as of January 1, 2023   (643)   (110)   (753)
Additions   (253)   (34)   (287)
Disposals   
-
    100    100 
Balance as of December 31, 2023   (896)   (44)   (940)
    746    33    779 
Cost:               
Balance as of January 1, 2022   763    156    919 
Additions   -    45    45 
Disposals   
-
    (21)   (21)
Balance as of December 31, 2022   763    180    943 
                
Accumulated amortization:               
Balance as of January 1, 2022   (413)   (55)   (468)
Additions   (230)   (61)   (291)
Disposals   
-
    6    6 
Balance as of December 31, 2022   (643)   (110)   (753)
    120    70    190 

 

Lease liabilities

 

   Property   Vehicles   Total 
   U.S. dollars in thousands 
Balance as of January 1, 2023   153    64    217 
Additions   880    21    901 
Disposals   
-
    (27)   (27)
Interest expense   87    1    88 
Payments   (249)   (37)   (286)
Balance as of December 31, 2023   871    22    893 
                
Short-term lease liabilities   358    12    370 
Long-term lease liabilities   513    10    523 
Balance as of December 31, 2023   871    22    893 
                
Balance as of January 1, 2022   459    103    562 
Additions   
-
    40    40 
Disposals   
-
    (12)   (12)
Interest expense   9    2    11 
Payments   (315)   (69)   (384)
Balance as of December 31, 2022   153    64    217 
                
Short-term lease liabilities   153    51    204 
Long-term lease liabilities   
-
    13    13 
Balance as of December 31, 2022   153    64    217