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

NOTE 5 - LEASES

 

The Company has operating leases for our office and vehicles. The Company’s leases have remaining terms of less than one year to approximately 2 years, some of which may include options to extend the leases for up to 2 years. The Company exercised the option to extend the lease for an additional one year.

 

The cash flows related to leases are classified as part of the cash used to operating activities in the cash flow statement.

The following table summarizes the classification of operating lease right-of-use assets and liabilities in the Company’s Consolidated Balance Sheets as of December 31, 2024 and 2023:

 

   December 31 
   2024   2023 
   U.S. dollars in thousands 
Assets        
Right of use assets   330    592 
Liabilities          
Short term   291    297 
Long term   21    278 
Total lease liabilities   312    575 

 

At December 31, 2024, the future minimum lease payments under the Company’s operating lease liabilities are as follows:

 

Year ended December 31,  U.S. dollars
in thousands		 
2025   302 
2026   22 
Total future minimum lease payments   324 
Less imputed interest   (12)
Total operating lease liabilities   312 
Less operating lease liabilities, current   (291)
Operating lease liabilities, non-current   21 

 

Total expenses under all operating leases were $288 thousand, $232 thousand, and $74 thousand for the years ended December 31, 2024, 2023 and 2022, respectively.