XML 29 R14.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Leases | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2023 | Dec. 31, 2022
Leases [Abstract] |  |
LEASES | NOTE 5 — LEASES: The Company’s Israeli subsidiary has an operating lease agreement for a facility in Israel, which expired on April 30, 2023. The Company did not have an option for extending the lease agreement. On May 15, 2023, the Company extended the lease agreement for an additional six months, until October 31, 2023. On October 30, 2023, the Company extended the lease agreement for an additional two months, until December 31, 2023. The lease payments are denominated in NIS and are indexed to the consumer price index. | NOTE 7 — LEASES: 1) The Company has an operating lease agreement for its facility in the United States, which expires on March 31, 2024. The Company is not reasonably certain that it will exercise the 5-year extension option and hence, the extension period was 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) The Company’s Israeli subsidiary has an operating lease agreement for a facility in Israel, which expires on April 30, 2023. The Company does not have an option for extending the lease agreement. The lease payments are denominated in ILS and are indexed to the consumer price index. 4) 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 year ended December 31, 2022 in the amount of $168. 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. 7) The Company adopted the new accounting standard ASC 842 “Leases” and all related amendments on January 1, 2022, and used the adoption date as the Company’s date of initial application. Supplemental information related to leases is as follows:
|  | December 31, 2022
Operating leases: |  |  |
Operating lease right-of-use assets |  | $ | 726
Current Operating lease liabilities |  | $ | 445
Non-Current Operating lease liabilities |  | $ | 237
Total Operating lease liabilities |  | $ | 682
Other information:
|  | Year ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities (cash paid in thousands) |  | $ | 747 |
Weighted Average Remaining Lease Term |  |  | 1.50 |
Weighted Average Discount Rate |  |  | 3.49 | %
The lease costs components are as follows:
|  | Year ended December 31, 2022
Fixed payments |  | $ | 723
Variable payments that depend on an index or rate |  |  | 24
Total lease cost |  | $ | 747
Maturities of operating lease liabilities were as follows:
|  | December 31, 2022
2023 |  | $ | 476 |
2024 |  |  | 177 |
2025 |  |  | 70 |
Total operating lease payments |  |  | 723 |
Less: imputed interest |  |  | (41 | )
Present value of lease liabilities |  | $ | 682 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration