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Leases | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
LEASES | NOTE 4 - LEASES The following represents the aggregate right-of-use assets and related lease liabilitiesas of December 31, 2019:
|  | U.S. dollars in thousands |
Amounts recognized in the consolidated balance sheet as of December 31, 2019: |  |  |  |
Right-of-use assets, net |  | $ | 1,290 |
Current liabilities |  | $ | 292 |
Long-term liabilities |  |  | 983 |
Total operating leased liabilities |  | $ | 1,275 |
The weighted average lease term and weighted average discount rate as of December 31, 2019 were as follows:
Weighted average lease term |  |  |  |
Operating leases |  |  | 5.2 years |
Weighted average discount rate |  |  |  |
Operating leases |  |  | 6.8 | %
The future cash flows related to the operating lease liabilities as of December 31, 2019 were as follows:
|  | U.S. dollars in thousands |
Years ending December 31: |  |  |
2020 |  | $ | 312 |
2021 |  |  | 234 |
2022 |  |  | 234 |
2023 |  |  | 234 |
2024 |  |  | 189 |
Thereafter |  |  | 165 |
Total lease payments (undiscounted) |  |  | 1,368 |
Less – discount to net present value |  |  | (93 | )
Present value of lease liabilities |  | $ | 1,275 |

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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