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Leases

12 Months Ended

Dec. 31, 2022

NOTE 3 – LEASES

The following represents the aggregate right-of-use assets and related lease liabilities from operating lease agreements for certain offices as:

	December 31,
	2 0 2 2		2 0 2 1
	U.S. dollars in thousands
Amounts recognized in the consolidated balance sheet – right-of-use assets, net	$	946	$	1,463
Current liabilities	$	271	$	376
Long-term liabilities		615		1,098
Total operating leased liabilities	$	886	$	1,474

In the third quarter of 2022, the Company returned one floor of office space in Romania, which resulted in a decrease of the right-of-use asset and in the lease liability in the amount of approximately $173 thousand. There were no additional changes in the lease terms.

The weighted average lease term and weighted average discount rate as of December 31, 2022 were as follows:

Weighted average lease term – operating lease		4.28 years
Weighted average discount rate – operating lease			6.9	%

The future cash flows related to the operating lease liabilities as of December 31, 2022 were as follows:

	U.S. dollars in thousands
Years ending December 31:
2023	$	294
2024		248
2025		146
2026		142
2027		142
Thereafter		38
Total lease payments (undiscounted)		1,010
Less – discount to net present value		(124	)
Present value of lease liabilities	$	886