Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Leases

v3.22.4
Leases
9 Months Ended
Sep. 30, 2022
Lessee Operating Lease Abstract  
LEASES

Note 6:- LEASES

 

The Company has entered into various non-cancelable operating lease agreements for certain office spaces in Israel. The leases have original lease periods expiring through 2024, some of which may include options to extend the leases for up to one additional year. The Company does not assume renewals in its determination of the lease term unless the renewals are considered as reasonably assured at lease commencement.

 

Supplemental cash flow information related to leases was as follows:

 

   

Nine months ended

September 30,

 
    2022     2021  
Cash payments and expenses related to operating leases     (280 )     (170 )
Operating lease right-of-use assets and liabilities, net     (79 )    
-
 

 

Maturities of lease liabilities as of September 30, 2022, were as follows:

 

      Operating leases  
2022 (three months ended December 31, 2022)       92  
2023       371  
2024       33  
Total lease payments       496  

 

Supplemental balance sheet information related to operating leases were as follows:

 

    September 30,  
    2022  
Operating lease right-of-use assets   $ 536  
Current maturities of operating leases   $ 384  
Long-term operating lease liabilities   $ 73  
Weighted average remaining lease term (in years)     1.3  
Weighted average discount rate     5.44 %