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Employee Benefits
 12 Months Ended
Dec. 31, 2024
Employee Benefits [Abstract]  
Employee benefits

Note 17 - Employee benefits

 

A. Employee benefits include post-employment benefits and short-term benefits.

 

Balances include:

 

   For the Year ended
December 31		 
   2024   2023 
   USD thousands   USD thousands 
Short-term benefits   331    549 
           
Post-employment benefit liabilities   140    141 

 

B. Post-employment benefit plans – defined contribution plan

 

The Company has a defined contribution plan in respect of the Company’s liability in respect of its employees who are subject to Section 14 of the Severance Pay Law – 1963.

 

   For the Year ended December 31 
   2024   2023   2022 
   USD thousands   USD thousands   USD thousands 
Amount recognized as expense in respect of defined contribution plan   322    401    390 

 

C. Certain of the Company’s executives are entitled to annual and special bonuses under the terms of their employment and consulting agreements. These bonuses will become due upon the achievement of certain goals or agreements. These consolidated financial statements include bonuses expenses in the amount of USD 68 thousand for the year ended December 31, 2024, USD 446 thousand for the year ended December 31, 2023, and USD 406 thousand for the year ended December 31, 2022. 

 

D. The CEO is entitled to benefits upon termination of employment, see Note 11 on related parties. These benefits are measured based on the time of service and monthly pay and the expected term of his employment. These consolidated financial statements include a liability due to these grants of USD 140 thousand and USD 141 thousand, as of December 31, 2024 and 2023, respectively.