NOTE 8 – LEASES
| A. | The components of operating lease cost for the years ended December 31, 2025 and Three month ended December 31, 2024 and for the year ended September 30, 2024 were as follows: |
| | |
Year ended | | |
Three months ended | | |
Year ended | |
| | |
December 31 | | |
December 31, | | |
September 30, | |
| | |
2025 | | |
2024 | | |
2024 | |
| | |
| | | |
| | | |
| | |
| Operating lease costs | |
| 39 | | |
| - | | |
| - | |
| B. | Supplemental cash flow information related to operating leases was as follows: |
| | |
Year ended | | |
Three months ended | | |
Year ended | |
| | |
December 31 | | |
December 31, | | |
September 30, | |
| | |
2025 | | |
2024 | | |
2024 | |
| | |
| | |
| | |
| |
| Cash paid for amounts included in the measurement of lease liabilities: | |
| | |
| | |
| |
| Operating cash flows from operating leases | |
| 240 | | |
| - | | |
| - | |
| Right-of-use assets obtained in exchange for lease obligations
(non-cash): | |
| | | |
| | | |
| | |
| Operating leases | |
| 695 | | |
| - | | |
| - | |
| C. | Supplemental balance sheet information related to operating leases was as follows: |
| | | December 31, | | | | | 2025 | | | 2024 | | | | | | | | | | | Operating leases: | | | | | | | | Operating leases right-of-use asset | | | 823 | | | | - | | | | | | | | | | | | | Current operating lease liabilities | | | 504 | | | | | | | Non-current operating lease liabilities | | | 143 | | | | - | | | Total operating lease liabilities | | | 647 | | | | - | | | | | | | | | | - | | | Weighted average remaining lease term (years) | | | 2.6 | | | | - | | | | | | | | | | | | | Weighted average discount rate | | | 10.7 | % | | | - | |
| D. | Future minimum lease payments under non-cancellable leases as of December 31, 2025 were as follows: |
| | |
2025 | |
| 2026 | |
| 257 | |
| 2027 | |
| 262 | |
| 2028 | |
| 185 | |
| Total operating lease payments | |
| 704 | |
| Less: imputed interest | |
| (57 | ) |
| Present value of lease liabilities | |
| 647 | |
On December 15, 2025, the Company entered into a new lease agreement
for office space in Netanya, Israel for a period of 1 year with monthly payments of $1 and an option to extend the agreement for an additional
1 year with at a 5% increase in the monthly payments. A lease right-of-use asset and a related liability in the amount of $16 have been
recognized in the balance sheet in respect of this lease.
In December 2025 the Subsidiary exercised
its extension option of a lease agreement for the office space in 2 Granit, Petach-Tikva, Israel for a term of one year. The quarterly
lease payments under the lease agreement are approximately NIS 106 (approximately $33).
|