GOVERNMENT GRANTS (Details Narrative) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Oct. 25, 2023 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
Notes and other explanatory information [abstract] | |||
Proceeds from government grants received | $ 162 | ||
Percentage of revenue | 3.00% | ||
Royalties paid | $ 0 | $ 0 | |
Government grants description | IIA grants approved by the IIA prior to January 1, 2024 but which are outstanding thereafter, as of January 1, 2024 the annual interest will be calculated at a rate based on 12-month Secured Overnight Financing Rate, the SOFR, or at an alternative rate published by the Bank of Israel plus 0.71513%; and, for grants approved on or following January 1, 2024 the annual interest will be the higher of (i) the 12 months SOFR interest rate, plus 1%, or (ii) a fixed annual interest rate of 4% |