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

Leases

v3.20.1
Leases
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
LEASES

NOTE 12:- LEASES:

 

The Company has lease contracts for motor vehicles used in its operations. Leases of motor vehicles have lease terms of 3 years.

 

The following is a summary of weighted average remaining lease terms and discount rate for all of the Company's operating leases:

    December 31,
2019		  
weighted average remaining lease term (years)     2.3  
weighted average discount rate     13 %

 

The components of lease expense and supplemental cash flow information related to leases for the year ended December 31, 2019 were as follows:

 

    Year ended
December 31,
2019		  
Components of lease expense:        
Operating lease cost   $ 29  
Total lease expenses   $ 29  

 

    Year ended
December 31,
2019		  
Supplemental cash flow information      
Cash paid for amounts included in the measurement of lease liabilities   $ 38  
       
Supplemental non-cash information related to lease liabilities arising from obtaining ROU assets   $ 76  

 

Maturities of lease liabilities as of December 31, 2019 were as follows:

 

2020   $ 38  
2021   $ 32  
2022   $ 12  
Total operating lease payments   $ 82  
Less: imputed interest   $ (7 )
Present value of lease liability   $ 75