XML 28 R11.htm IDEA: XBRL DOCUMENT

LEASES

12 Months Ended

Dec. 31, 2021

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:

	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:

	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