|12 Months Ended|
Dec. 31, 2020
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:
The components of lease expense and supplemental cash flow information related to leases for the year ended December 31, 2020 and 2019 were as follows:
Maturities of lease liabilities as of December 31, 2020 were as follows:
Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.
Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef