v3.26.1
OPERATING LEASES
12 Months Ended
Dec. 31, 2025
Operating Leases  
OPERATING LEASES

Note 9 - OPERATING LEASES:

 

The Company was party to two lease agreements for its facilities located in Israel. In November 2024, the Company exercised its option to extend the main lease agreement for an additional three-year period, which had been included in the lease term at the lease commencement date as it was reasonably certain to be exercised.

 

The Company previously had vehicle lease arrangements for employees in Israel, the last of which expired during the year.

 

The company had short term agreements for parking spaces for periods of up to 12 months. These short-term agreements expired during 2024.

 

The Company’s operating lease expenses are recognized on a straight-line basis. Operating lease costs for the years ended December 31, 2025 ,2024 and 2023 were as follows:

 

   2025   2024   2023 
   December 31 
   2025   2024   2023 
   U.S. dollars in thousands 
Operating lease cost   395    360    781 
Short term lease costs   -    2    18 
Total lease costs   395    362    799 

 

Cash flow and other information related to operating leases were as follows:

 

   2025   2024   2023 
   December 31 
   2025   2024   2023 
   U.S. dollars in thousands 
Cash paid for amounts included in the measurement of lease liabilities   455    470    443 
Right-of-use assets obtained in exchange for new operating lease liabilities   -    -    108 

 

 

ZOOZ STRATEGY LTD

NOTES TO THE FINANCIAL STATEMENTS (continued)

 

Other information related to operating leases were as follows:

 

   December 31, 
   2025   2024   2023 
Weighted-average remaining lease term - operating leases  1.8 years   2.7 years   3.9 years 
Weighted-average discount rate   11.91%   12.00%   12.88%

 

The table below presents value of lease liabilities of the company for the lease period (USD thousands):

 

   December 31, 2025 
2026   425 
2027   357 
Total operating lease payments   782 
Less: imputed interest   (58)
Present value of lease liabilities   724