Arbe Robotics Ltd. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Leases

Leases

12 Months Ended

Dec. 31, 2023

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:

	Year ended December 31,
	2023			2022
Cash payments and expenses related to operating leases	$	(451	)	$	(370	)
Operating lease right-of-use assets and liabilities, net		2			(84	)

Maturities of lease liabilities as of December 31, 2023, were as follows:

2024	$	443
2025		393
2026		356
2027 and after		1,033
Total lease payments		2,225
Less imputed interest		483
Total lease liabilities	$	1,742

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

	December 31,			December 31,
	2023			2022
Operating lease right-of-use assets	$	1,740		$	465
Current maturities of operating leases	$	436		$	364
Long-term operating lease liabilities	$	1,306		$	17
Weighted average remaining lease term (in years)		5.5			1.1
Weighted average discount rate		9.4	%		5.8	%