v3.26.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2024
Leases  
SCHEDULE OF LEASE-RELATED ASSETS AND LIABILITIES

The table below presents the lease-related assets and liabilities recorded on the balance sheet:

 

   2024   2023 
   December 31, 
   2024   2023 
Assets          
Operating Leases          
Operating lease right-of-use assets  $-   $351 
           
Finance Leases          
Property, plants and equipment, gross   136    89 
Accumulated depreciation   (136)   (65)
Property and equipment, net  $-   $24 
           
Liabilities          
Current liabilities          
Current maturities of operating leases  $234   $216 
Current maturities of long-term finance leases  $25   $18 
           
Long-term liabilities          
Non-current operating leases  $1,308   $96 
Long-term finance leases  $1   $4 
           
Weighted Average Remaining Lease Term          
Operating leases    6.5 years     1.1 years 
Finance leases    0.6 years     1.2 years 

Weighted Average Discount Rate

          
Operating leases   9.2%   7.5%
Finance leases   10.4%   2.0%
SCHEDULE OF LEASE COSTS

The table below presents certain information related to lease costs and finance and operating leases:

 

   2024   2023 
   Years ended December 31, 
   2024   2023 
   (in Thousands) 
Operating lease cost:  $542   $561 
           
Finance lease cost:          
Amortization of leased assets   60    46 
Interest on lease liabilities   4    5 
Total finance lease cost  $64   $51 
SCHEDULE OF SUPPLEMENTAL CASHFLOW INFORMATION

The table below presents supplemental cash flow information related to lease:

 

   Years ended December 31, 
   2024   2023 
   (in Thousands) 
Cash paid for amounts included in the measurement of leases liabilities:          
Operating leases  $541   $573 
Finance leases  $64   $44 
           
Right-of-use assets obtained in exchange for lease obligations:          
Operating leases  $405   $752 
SCHEDULE OF FINANCE LEASE LIABILITIES AND OPERATING LEASE LIABILITIES

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet.

 

  

Operating

Leases

   Finance
Leases
 
Year ended December 31,          
2024  $346   $26 
2025   342    - 
2026   318    - 
2027   284    - 
2028   225    - 
Thereafter   518    - 
Total minimum lease payments   2,033    26 
Less: amount of lease payments representing interest   (491)   - 
Present value of future minimum lease payments   1,542    26 
Less: Current leases obligations   (234)   (25)
Long-term leases obligations  $1,308   $1 
SCHEDULE OF RIGHT-OF-USE ASSETS BY GEOGRAPHICAL LOCATION

Operating lease right-of-use assets by geographical location were as follows:

 

   December 31, 
   2024   2023 
   (in thousands) 
         
Greece  $-   $- 
Israel   -    292 
U.S.   -    59 
Total  $-   $351