Note 17 - Employee benefits
| A. | Employee benefits include post-employment benefits and short-term benefits. |
| | |
For the Year ended
December 31 | |
| | |
2025 | | |
2024 | |
| | |
USD thousands | | |
USD thousands | |
| Short-term benefits | |
| 251 | | |
| 331 | |
| | |
| | | |
| | |
| Post-employment benefit liabilities | |
| 160 | | |
| 140 | |
| B. |
Post-employment benefit plans – defined contribution plan |
The Company has a defined contribution
plan in respect of the Company’s liability in respect of its employees who are subject to Section 14 of the Severance Pay Law –
1963.
| | |
For the Year ended December 31 | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
USD thousands | | |
USD thousands | | |
USD thousands | |
| Amount recognized as expense in respect of defined contribution plan | |
| 234 | | |
| 322 | | |
| 401 | |
| C. | Certain of the Company’s executives are entitled to annual and special bonuses under the terms of their employment and consulting agreements. These bonuses will become due upon the achievement of certain goals or agreements. These consolidated financial statements include bonuses expenses in the amount of USD 399 thousand for the year ended December 31, 2025, USD 68 thousand for the year ended December 31, 2024, and USD 446 thousand for the year ended December 31, 2023. |
| D. | The CEO is entitled to benefits upon termination of employment, see Note 11 on related parties. These benefits are measured based on the time of service and monthly pay and the expected term of his employment. These consolidated financial statements include a liability due to these grants of USD 160 thousand and USD 140 thousand, as of December 31, 2025 and 2024, respectively. |
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