| RIGHT-OF-USE ASSETS AND LEASE LIABILITIES |
NOTE 11:
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES
| a. | Activity
with respect to right-of-use assets: |
The
Company has entered into agreements to lease office spaces which are used for the Company’s operations. Lease of office space has
a lease term of 5 years ending December 31, 2025.
On
June 19, 2023, the Company entered into an office space sublease agreement with a third party. The agreement terminates on May 31, 2024,
and provides for a monthly lease payment of $18.
In
November 2025 the Company entered into a new agreement for a period of 6 months starting January 1, 2026, to lease office spaces which
are used for the Company’s operations for a monthly lease payment of $15.
| | |
Land
and
Buildings | |
| Right-of-use-assets, at
cost: | |
| |
| Balance as of January 1, 2024 | |
$ | 1,338 | |
| Additions during the
year: | |
| | |
| Deconsolidated subsidiary | |
| (625 | ) |
| Adjustments arising from
translating financial statements from functional currency to presentation currency | |
| (7 | ) |
| CPI
and revaluation differences | |
| 19 | |
| Balance as of December
31, 2024 | |
| 725 | |
| | |
| | |
| Accumulated
depreciation: | |
| | |
| Balance as of January 1, 2024 | |
| 599 | |
| Depreciation and amortization | |
| 284 | |
| Deconsolidated
subsidiary | |
| (381 | ) |
| Balance as of December
31, 2024 | |
| 502 | |
| | |
| | |
| Right-of-use
assets as of December 31, 2024, net | |
$ | 223 | |
| | |
| | |
| Right-of-use-assets,
at cost: | |
| | |
| Balance as of January 1, 2025 | |
$ | 725 | |
| CPI
and revaluation differences | |
| 2 | |
| Balance as of December
31, 2025 | |
| 727 | |
| | |
| | |
| Accumulated
depreciation: | |
| | |
| Balance as of January 1, 2025 | |
| 502 | |
| Depreciation and amortization | |
| 225 | |
| Balance as of December
31, 2025 | |
| 727 | |
| | |
| | |
| Right-of-use
assets as of December 31, 2025, net | |
$ | - | |
| b. | Activity with respect to the lease liability: |
| | |
Land
and
Buildings | |
| Lease liability, January 1, 2024 | |
$ | 869 | |
| Changes during the year: | |
| | |
| Lease payments | |
| (435 | ) |
| Interest expense | |
| 67 | |
| Lease modification | |
| (10 | ) |
| CPI and revaluation
differences | |
| 67 | |
| Decrease
from sale of subsidiary | |
| (263 | ) |
| Lease
liability, December 31, 2024 | |
$ | 228 | |
| | |
| | |
| Current lease liability, December 31, 2024 | |
$ | 228 | |
| Non-current lease liability, December 31,
2024 | |
$ | - | |
| | |
| | |
| Lease liability, January 1, 2025 | |
$ | 228 | |
| Changes during the year: | |
| | |
| Lease
payments | |
| (260 | ) |
| Interest
expense | |
| 17 | |
| CPI
and revaluation differences | |
| 15 | |
| Decrease
from sale of subsidiary | |
| | |
| Lease
liability, December 31, 2025 | |
$ | - | |
| | |
| | |
| Current lease liability, December 31, 2025 | |
$ | - | |
| Non-current lease liability, December 31,
2025 | |
$ | - | |
|