XML 35 R22.htm IDEA: XBRL DOCUMENT
v3.24.3

SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Accounting Policies [Abstract] |
Schedule of assets and liabilities measured at fair value |
|  |  |  | Fair value measurements as of |
Description |  | Fair Value Hierarchy |  | September 30, 2024 |  |  | December 31, 2023 |
Financial assets: |  |  |  |  |  |  |  |
Money market funds included in cash and cash equivalent |  | Level 1 |  | $ | 2,665 |  |  | $ | 2,550 |
Treasury bills included in cash and cash equivalent |  | Level 1 |  |  | 1,313 |  |  |  | 2,525 |
Total Assets Measured at Fair Value |  |  |  | $ | 3,978 |  |  | $ | 5,075 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Earnout |  | Level 3 |  | $ | 792 |  |  | $ | 3,292 |
Total liabilities measured at fair value |  |  |  | $ | 792 |  |  | $ | 3,292 |
Schedule of warrants liability activity |
|  | Earnout |
Balance December 31, 2023 |  | $ | 3,292 |
Change in fair value |  |  | (2,500 | )
Balance September 30, 2024 |  | $ | 792 |
Schedule of disaggregation of revenues |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Product |  | $ | 4,800 |  |  | $ | 3,632 |  |  | $ | 13,667 |  |  | $ | 5,563 |
Rental |  |  | 1,008 |  |  |  | 303 |  |  |  | 2,776 |  |  |  | 685 |
Service and warranty |  |  | 320 |  |  |  | 468 |  |  |  | 1,675 |  |  |  | 722 |
Total Revenues |  | $ | 6,128 |  |  | $ | 4,403 |  |  | $ | 18,118 |  |  | $ | 6,970 |
Schedule of contract balances |
|  | September 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Trade receivable, net of credit losses (1) |  | $ | 5,843 |  |  | $ | 3,120 |
Deferred revenues (1) (2) |  | $ | 2,659 |  |  | $ | 3,010 |
| (1) | Balance presented net of unrecognized revenues that were not yet collected.
| (2) | During the nine months ended September 30, 2024, $1.6 million of the December 31, 2023 deferred revenues balance was recognized as revenues.
Schedule of concentration of credit risk |
|  | September 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Customer A |  |  | 42 | % |  |  | - |
Schedule of product warranty liability |
|  | US Dollars in thousands |
Balance at December 31, 2023 |  | $ | 348 |
Provision |  |  | 606 |
Usage |  |  | (530 | )
Balance at September 30, 2024 |  | $ | 424 |

X
- Definition The tabular disclosure of of Contract balances. + References No definition available. + Details
Name: | lfwd_ScheduleOfContractBalancesTableTextBlock
Namespace Prefix: | lfwd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of schedule of warrants liability activity. + References No definition available. + Details
Name: | lfwd_ScheduleOfWarrantsLiabilityActivityTableTextBlock
Namespace Prefix: | lfwd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-8 + Details
Name: | us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-20 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-18 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-20 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-16 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-21 + Details
Name: | us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration