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

NOTE 10 - LEASES:

 

The Company’s leases include property 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, which the Company is reasonably certain to exercise.

 

Expenses relating to short-term leases for the years ended December 31, 2024, 2023 and 2022 were $0, $63 thousand and $111 thousand, respectively.

Right-of-use assets

 

   Property   Vehicles   Total 
   U.S. dollars in thousands 
Cost:            
Balance as of January 1, 2024   1,642    77    1,719 
Additions   
-
    16    16 
Disposals   
-
    (45)   (45)
Balance as of December 31, 2024   1,642    48    1,690 
                
Accumulated amortization:               
Balance as of January 1, 2024   (896)   (44)   (940)
Additions   (263)   (19)   (282)
Disposals   
-
    30    30 
Balance as of December 31, 2024   (1,159)   (33)   (1,192)
    483    15    498 
             
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 

 

Lease liabilities

 

   Property   Vehicles   Total 
   U.S. dollars in thousands 
Balance as of January 1, 2024   871    22    893 
Additions   
-
    12    12 
Disposals   
-
    (12)   (12)
Interest expense   131    1    132 
Payments   (391)   (14)   (405)
Balance as of December 31, 2024   611    9    620 
                
Short-term lease liabilities   350    9    359 
Long-term lease liabilities   260    1    261 
Balance as of December 31, 2024   610    10    620 
                
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