Note 6 - Leases

The Company entered into an agreement for the lease of offices in Rehovot as from September 15, 2020 for a period of 5 years and 3.5 months. Accordingly, the Company initially recognized in the statement of financial position a right-of-use asset in the amount of USD 817 thousand concurrently with the recognition of a lease liability in the same amount.

In July 2025, prior to the expiration of the original lease term, the parties signed an amendment extending the lease period for an additional one year, from January 1, 2026 through December 31, 2026. The amendment also grants the Company an option to extend the lease for an additional four years, through December 31, 2030. This additional optional period was not included in the lease payments used in the calculation of the lease liability, as the Company does not consider it reasonably certain that it will exercise the option. 

Carrying amounts of right-to-use assets and change during the period:

Maturity analysis of the Company’s lease liabilities

Amounts recognized in profit or loss