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Leases
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
LEASES

NOTE 4 – LEASES


The following represents the aggregate right-of-use assets and related lease liabilities as:


   December 31, 
   2 0 2 0   2 0 1 9 
   U.S. dollars in thousands 
Amounts recognized in the consolidated balance sheet – right-of-use assets, net  $1,775   $1,290 
Current liabilities  $346   $292 
Long-term liabilities   1,492    983 
Total operating leased liabilities  $1,838   $1,275 

In the fourth quarter of 2020, the Company entered into a new operating lease agreement of a new office space in Israel which resulted in increase of the right-of-use asset and the lease liability in approximately $600 thousand, the lease terms expected to be seven years commencing in January 2021.


The weighted average lease term and weighted average discount rate as of December 31, 2020 were as follows:


Weighted average lease term – operating lease   5.39 years
Weighted average discount rate – operating lease   7.07%

The future cash flows related to the operating lease liabilities as of December 31, 2020 were as follows:


   U.S. dollars
 in thousands		 
Years ending December 31:    
2021  $421 
2022   450 
2023   450 
2024   348 
2025   163 
Thereafter   360 
      
Total lease payments (undiscounted)   2,192 
Less – discount to net present value   (354)
Present value of lease liabilities  $1,838