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Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Note 6 – Leases

The Group has lease agreements with respect to offices.

A.	Information regarding material lease agreements

The Company entered into an agreement for the lease of offices in Rehovot as from September 15, 2020 for a period of 5 years and 3.5 months. Accordingly, the Company initially recognized in the statement of financial position a right-to-use asset in the amount of USD 817 thousand concurrently with the recognition of a lease liability in the same amount. The agreement has an option to extend the lease, for additional 5 years. This additional period is not included in the lease payments used-in the calculation of the liability as the Company does not expect it is reasonably certain it will exercise the option. The Company has an option to extend the lease agreements for an additional 5 years at the terms as those of the existing agreement with addition of 5% to the current terms and CPI linked.

B.	Right-to-use assets

Carrying amounts of right-to-use assets and change during the period:

		Office lease
		USD thousands
Balance as of January 1, 2024			316
Depreciation on right-to-use assets			(152	)
Balance as of December 31, 2024			164

Balance as of January 1, 2023			467
Depreciation on right-to-use assets			(151	)
Balance as of December 31, 2023			316

C.	Lease liability

Maturity analysis of the Company’s lease liabilities

		December 31,				December 31,
		2024				2023
		USD thousands				USD thousands
Less than one year			183				188
One to two years			-				188

Total			183				376

Current maturities of lease liability			183				188

Long-term lease liability			-				163

D.	Additional information on leases

Amounts recognized in profit or loss

		2024				2023
		USD thousands				USD thousands
Interest expenses on lease liability			23				37