Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Leases

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Leases
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
LEASES

Note 6:- 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 does not assume exercise of renewal options in its determination of the lease term unless the renewals are considered as reasonably certain to be exercised.

 

Supplemental cash flow information related to leases was as follows:

 

   

Year ended

December 31,

 
    2024     2023  
Cash payments and expenses related to operating leases   $ (557 )   $ (451 )
Operating lease right-of-use assets and liabilities, net     226       2  

 

Maturities of lease liabilities as of December 31, 2024, were as follows:

 

2025   $ 563  
2026     528  
2027     466  
2028 and after     905  
Total lease payments     2,462  
Less imputed interest     454  
Total lease liabilities   $ 2,008  

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

 

    December 31,     December 31,  
    2024     2023  
Operating lease right-of-use assets   $ 1,782     $ 1,740  
Current maturities of operating leases   $ 551     $ 436  
Long-term operating lease liabilities   $ 1,457     $ 1,306  
Weighted average remaining lease term (in years)     4.73       5.5  
Weighted average discount rate     9.5 %     9.4 %