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LEASES | 12 Months Ended
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Dec. 31, 2025
Presentation of leases for lessee [abstract] |
LEASES | NOTE 9 – LEASES
| A. | Right-of-use assets
|  | Cost |  |  | Accumulated depreciation |  |  |  |
|  | Balance at |  |  | Additions |  |  | Deletions |  |  | Balance at |  |  | Balance at |  |  | Additions |  |  | Deletions |  |  | Balance at |  |  | Net book value |
|  | beginning |  |  | during |  |  | during |  |  | end of |  |  | beginning |  |  | during |  |  | during |  |  | end of |  |  | December 31, |
|  | of year |  |  | year |  |  | year |  |  | year |  |  | of year |  |  | year |  |  | year |  |  | year |  |  | 2024 |  |  | 2025 |
|  | in USD thousands |  |  | in USD thousands |  |  | in USD thousands |
Composition in 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property |  |  | 1,551 |  |  |  | - |  |  |  | - |  |  |  | 1,551 |  |  |  | 810 |  |  |  | 135 |  |  |  | - |  |  |  | 945 |  |  |  | 741 |  |  |  | 606 |
Motor vehicles |  |  | 456 |  |  |  | - |  |  |  | 196 |  |  |  | 260 |  |  |  | 230 |  |  |  | 79 |  |  |  | 139 |  |  |  | 170 |  |  |  | 226 |  |  |  | 90 |
|  |  | 2,007 |  |  |  | - |  |  |  | 196 |  |  |  | 1,811 |  |  |  | 1,040 |  |  |  | 214 |  |  |  | 139 |  |  |  | 1,115 |  |  |  | 967 |  |  |  | 696 |
| B. | Lease liabilities
|  | Balance at |  |  | Additions |  |  | Deletions |  |  | Interest expense |  |  | Exchange differences |  |  | Payments |  |  | Balance at |
|  | beginning |  |  | during |  |  | during |  |  | during |  |  | during |  |  | during |  |  | end of |
|  | of year |  |  | year |  |  | year |  |  | year |  |  | year |  |  | year |  |  | year |
|  |  |  |  | in USD thousands |
Composition in 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property |  |  | 1,409 |  |  |  | - |  |  |  | - |  |  |  | 176 |  |  |  | 174 |  |  |  | 596 |  |  |  | 1,163 |
Motor vehicles |  |  | 194 |  |  |  | - |  |  |  | 71 |  |  |  | 10 |  |  |  | 17 |  |  |  | 102 |  |  |  | 48 |
|  |  | 1,603 |  |  |  | - |  |  |  | 71 |  |  |  | 186 |  |  |  | 191 |  |  |  | 698 |  |  |  | 1,211 |
| C. | Additional disclosures
| 1) | The Company leases its premises in Israel under a lease agreement entered into in August 2014. Payments under the lease commenced in June 2015, and the initial term of the lease expired in June 2020. The lease agreement includes three options to extend the lease through June 30, 2030 in the aggregate, each at a 5% increase to the preceding lease payment amount. The Company exercised its first and second options to extend the lease through June 30, 2028, and is currently making monthly lease payments of approximately $30,000. In addition to the monthly lease payments, the Company also pays building monthly maintenance charges of approximately $9,700.
| 2) | The Company has entered into lease agreements in connection with a number of vehicles. The lease periods are generally for three years. The annual lease fees, linked to the CPI, are approximately $215,000. To secure the terms of the lease agreements, the Company has prepaid two months of lease payments to the leasing companies.
| 3) | As of December 31, 2025, minimum future rental payments (taking into consideration the aforementioned extension periods) under the leases are as follows:
Year |  |  | Property |  |  | Motor vehicles |  |  | Total |
|  |  | in USD thousands |
2026 |  |  |  | 332 |  |  |  | 106 |  |  |  | 438 |
2027 |  |  |  | 348 |  |  |  | 21 |  |  |  | 369 |
2028 |  |  |  | 348 |  |  |  | - |  |  |  | 348 |
2029-2030 |  |  |  | 523 |  |  |  | - |  |  |  | 523 |
|  |  |  |  | 1,551 |  |  |  | 127 |  |  |  | 1,678 |
Extension and termination options are included in the property lease. These are used to maximize operational flexibility in terms of managing the assets used in the Company’s operations. The substantial majority of extension and termination options are exercisable solely by the Company and not by the lessors.

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