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

Leases

v3.22.1
Leases
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
LEASES

NOTE 11- 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, 2021     December 31, 2020  
weighted average remaining lease term (years)     2.42       1.71  
weighted average discount rate     13 %     13 %

 

The components of lease expense and supplemental cash flow information related to leases for the year ended December 31, 2021 and 2020 were as follows:

 

    Year ended
December 31, 2021
    Year ended
December 31, 2020
 
Components of lease expense:            
Operating lease cost   $            55     $      43  

 

    Year ended
December 31, 2021
    Year ended
December 31, 2020
 
Supplemental cash flow information            
Cash paid for amounts included in the measurement of lease liabilities   $            55     $        43  
                 
Supplemental non-cash information related to lease liabilities arising from obtaining ROU assets   $ 120     $ 29  

 

Maturities of lease liabilities as of December 31, 2021 were as follows:

 

2022   $ 69  
2023   $ 59  
2024   $ 20  
Total operating lease payments   $ 148  
Less: imputed interest   $ (24 )
Present value of lease liability   $ 124