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LEASES | 12 Months Ended
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Dec. 31, 2021
Leases |
LEASES | NOTE 4 – LEASES The Company has entered into several non-cancellable operating lease agreements for few vehicles. the Company’s leases have original lease periods expiring between 2023 and 2024. Payments due under such lease contracts include primarily fixed payments. the Company does not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. the company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The components of lease costs, lease term and discount rate are as follows: SCHEDULE OF LEASE COSTS, LEASE TERM AND DISCOUNT
|  | In thousand of US dollars |
|  | December 31, 2021 |
Operating lease cost: |  |  |  |
Vehicles |  |  | 72 |
Office space : |  |  |  |
Over 12 month |  |  | 53 |
Short term leases |  |  | 46 |
|  |  | 171 |
Remaining Lease Term |  |  |  |
Vehicles |  |  | 2.01 years |
Weighted Average Discount Rate |  |  |  |
Vehicles |  |  | 10 | %
GLUCOTRACK INC. (FORMERLY: INTEGRITY APPLICATIONS, INC.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (cont.) NOTE 4 – LEASES (cont.) The following is a schedule, by years, of maturities of operating lease liabilities as of December 31, 2021: SCHEDULE OF OPERATING LEASE MATURITY PAYMENTS
|  | In thousand of US dollars |
|  | December 31, 2021 |
Period: |  |  |  |
2022 |  |  | 24 |
2023 |  |  | 20 |
Total operating lease payments |  |  | 44 |
Less: imputed interest |  |  | 4 |
Present value of lease liabilities |  |  | 40 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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