NOTE 13 – LEASE LIABILITY:

The Company has lease contracts for working areas and office facilities used in its operations. Leases of working areas and office facilities generally have lease terms of between 2 and 5 years. The Company has three lease contracts that include termination option, which are valid after a minimal lease period. The Company has three lease contracts that include extension options. One of the Company’s Israeli subsidiaries leases office space with the lease expiring on March 31, 2029. Lease payments are approximately $48 thousand per month ($576 thousand annually). Another one of the Company’s Israeli subsidiaries leases warehouse space, with the lease expiring on March 31, 2027. Lease payments are approximately $18 thousand per month ($216 thousand annually). Another one of the Company’s Israeli subsidiaries leases its factory space with the lease expiring on March 31, 2027. Lease payments are approximately $19 thousand per month ($228 thousand annually).

Set out below are the carrying amounts of lease liabilities recognized and the movements during the period:

SCHEDULE OF CARRYING AMOUNTS OF LEASE LIABILITIES RECOGNIZED AND MOVEMENTS