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Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
LEASES | NOTE 6 - LEASES:
| 1) | The Company has an operating lease agreement for its facility in the United States, which expires on March 31, 2024. The Company will not exercise it’s 5-year extension option, which was initially excluded from the measurement of the ROU asset and the lease liability. The lease payments are denominated in USD.
| 2) | On July 1, 2022, the Company entered into a new operating lease agreement for additional offices in the United States, which expires on September 30, 2025. The lease payments are denominated in USD.
| 3) | On October 18, 2021, the Company entered into an agreement to sublease its facility to an unrelated third party in the United States. The sublease ends March 31, 2024. The sublease is classified as an operating lease. The Company recognized lease income during the years ended December 31, 2023, and December 31, 2022, in the amount of $119 and $168, respectively.
| 4) | The Company’s Israeli subsidiary has an operating lease agreement for a facility in Israel, which was renewed on December 28, 2023, and expires on December 31, 2025. The lease payments are denominated in NIS and are indexed to the consumer price index.
| 5) | The Company leases its motor vehicles under operating lease agreements.
| 6) | The Company’s Israeli subsidiary has an operating lease agreement for testing equipment in Israel, which expires on February 07, 2025. The lease payments are denominated in ILS.
Supplemental information related to leases is as follows:
|  | December 31, 2023 |  |  | December 31, 2022 |
Operating leases: |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 918 |  |  | $ | 726 |
Current Operating lease liabilities |  | $ | 498 |  |  | $ | 445 |
Non-Current Operating lease liabilities |  | $ | 405 |  |  | $ | 237 |
Total Operating lease liabilities |  | $ | 903 |  |  | $ | 682 |
Other information:
|  | Year ended December 31, 2023 |  |  | Year ended December 31, 2022 |
Cash paid for amounts included in the measurement of lease liabilities (cash paid in thousands) |  | $ | 478 |  |  | $ | 747 |
Weighted Average Remaining Lease Term |  |  | 1.80 |  |  |  | 1.50 |
Weighted Average Discount Rate |  |  | 10.2 | % |  |  | 3.49 | %
The lease costs components are as follows:
|  | Year ended December 31, 2023 |  |  | Year ended December 31, 2022 |
Fixed payments |  | $ | 459 |  |  | $ | 723 |
Variable payments that depend on an index or rate |  |  | 19 |  |  |  | 24 |
Total lease cost |  | $ | 478 |  |  | $ | 747 |
Maturities of operating lease liabilities were as follows:
|  | December 31, 2023 |
2024 |  | $ | 548 |
2025 |  |  | 433 |
2026 |  |  | 6 |
Total operating lease payments |  |  | 987 |
Less: imputed interest |  |  | (84 | )
Present value of lease liabilities |  | $ | 903 |

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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