Leases

6 Months Ended

Jun. 30, 2025

NOTE 4 – LEASES

On April 4, 2022, the Company signed a lease agreement for an office space in Mevo Carmel Science and Industry Park, Israel for a term of 3 years, with an option to extend the term of the lease agreement for an additional 2 years. The monthly lease payments under the lease agreement, for the first two years are NIS 16.5 (approximately $4.6) and for the third year NIS 17.2 (approximately $4.8). The monthly lease payments for the option period will be agreed between the parties, with a minimum increase of 5% above the third year monthly payment. Lease payment are linked to the Israeli Consumer Price Index. The property became available for Company’s use in February 2023. Based on the lease agreement terms, the Company made a deposit of $15 as a guarantee for its lease commitments. The Company estimated at December 31, 2024, that it will utilize the two years extension option under the above lease agreement.

The components of operating lease expense for the period ended June 30, 2025 and 2024 were as follows:

	Six months ended June 31,
	2025		2024

Operating lease expense		32		27

Supplemental cash flow information related to operating leases was as follows:

	Six months ended June 30,
	2025		2024

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		31		29

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

	June 30,			December 31,
	2025			2024

Operating leases:
Operating leases right-of-use asset and lease deposit		157			184

Current operating lease liabilities		67			60
Non-current operating lease liabilities		89			109
Total operating lease liabilities		156			169

Weighted average remaining lease term (years)		2.59			3.08

Weighted average discount rate		8.75	%		8.75	%

Future minimum lease payments under non-cancellable leases as of June 30, 2025 were as follows:

2025	34
2026	71
2027	66
2028	1
Total operating lease payments	172
Less: imputed interest	(16	)
Present value of lease liabilities	156