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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
LEASES

NOTE 6 - LEASES:

 

  1) The Company had an operating lease agreement for its facility in the United States, which expired on March 31, 2024. The Company did not exercise its 5-year extension option, which was initially excluded from the measurement of the ROU asset and the lease liability. The lease payments were 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 ended on March 31, 2024. The sublease was classified as an operating lease

 

  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,
2024		   December 31,
2023		 
Operating leases:        
Operating lease right-of-use assets  $410   $918 
Current Operating lease liabilities  $415   $498 
Non-Current Operating lease liabilities  $6   $405 
Total Operating lease liabilities  $421   $903 

 

Other information:

 

   Year ended
December 31,
2024		   Year ended
December 31,
2023		 
Cash paid for amounts included in the measurement of lease liabilities (cash paid in thousands)  $568   $478 
Weighted Average Remaining Lease Term   1    1.80 
Weighted Average Discount Rate   11.2%   10.2%

 

The lease costs components are as follows:

 

   Year ended
December 31,
2024		  Year ended
December 31,
2023
Fixed payments  $

194

   $118 
Variable payments that depend on an index or rate   373    359 
Total lease cost  $568   $478 

Maturities of operating lease liabilities are as follows: 

 

   December 31,
2024		 
2025   429 
2026   6 
Total operating lease payments   435 
Less: imputed interest   (14)
Present value of lease liabilities  $421