Long-Term Liabilities |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long-Term Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LONG-TERM LIABILITIES |
Government grants:
The Company received grants from the Government of Israel for participation in research and development in return for the payment of royalties of 3.5% on sales of products resulting from the funded research and development up to 100% of the grants received.
The financial statements include the liability in the amount which management expects to repay the Israel Innovation Authority (“IIA”) within ten years, discounted at a rate of 11.5%.
The liabilities for government grants are linked to the USD-NIS exchange rate. As of December 31, 2025, total government grants received by the Company were $557 thousand and no material amount was paid. No new grants were received during 2025.
Liabilities for government grants:
Government grant balances:
Presented in the statement of financial position as follows:
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