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

Leases

v3.24.4
Leases
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
LEASES

Note 6:- LEASES

 

The Company has five non-cancelable operating lease agreements for certain office spaces in Israel. The leases have original lease periods expiring until 2027, some of which may include options to extend the leases for up to three additional years. The Company does not assume renewals in its determination of the lease term unless the renewals are considered as reasonably certain to exercise.

 

Supplemental cash flow information related to leases was as follows:

 

   

Nine months ended

September 30,

 
    2024     2023  
Cash payments and expenses related to operating leases     (416 )     (309 )
Operating lease right-of-use assets and liabilities, net     (167 )     88  

 

Maturities of lease liabilities as of September 30, 2024, were as follows:

 

    Operating leases
2024 (three months ended December 31, 2024)   104
2025   365
2026   366
2027   360
2028   340
2029   330
2030   37
Total lease payments   1,902

 

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

 

    September 30,  
    2024  
Operating lease right-of-use assets   $ 1,800  
Current maturities of operating leases   $ 524  
Long-term operating lease liabilities   $ 1,443  
Weighted average remaining lease term (in years)     5.1  
Weighted average discount rate     9.5 %