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

Leases

v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
LEASES

Note 5: - LEASES

 

The Company has six non-cancelable operating lease agreements for 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 includes renewal options in the determination of the lease term when it is reasonably certain that such options will be exercised.

 

Supplemental cash flow information related to leases was as follows:

 

    Six months ended
June 30,
 
    2026     2025  
                 
Cash payments and expenses related to operating leases   $ (292 )   $ (307 )

 

Maturities of lease liabilities as of June 30, 2026, were as follows:

 

    Operating
leases
 
       
2026 (six months ended December 31, 2025)   $ 350  
2027   $ 615  
2028 and after   $ 1,119  
         
Total lease payments   $ 2,084  

 

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

 

    June 30,  
    2026  
Operating lease right-of-use assets     1,465  
Current maturities of operating leases     485  
Long-term operating lease liabilities     1,375  
Weighted average remaining lease term (in years)     3.38  
Weighted average discount rate     9.6 %