Report of foreign issuer [Rules 13a-16 and 15d-16]

Leases

v3.25.3
Leases
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
LEASES

Note 5: - LEASES

 

The Company has six 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,
 
    2025     2024  
             
Cash payments and expenses related to operating leases   $ (465 )   $ (416 )
Operating lease right-of-use assets and liabilities, net   $ (807 )   $ 167  

Maturities of lease liabilities as of September 30, 2025, were as follows:

 

    Operating leases  
2025 (three months ended December 31, 2025)   $ 163  
2026   $ 652  
2027   $ 579  
2028 and after   $ 1,102  
         
Total lease payments   $ 2,496  

 

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

 

    September 30,  
    2025  
Operating lease right-of-use assets     1,279  
Current maturities of operating leases     658  
Long-term operating lease liabilities     1,428  
Weighted average remaining lease term (in years)     3.92  
Weighted average discount rate     9.5 %