| Leases |
A. The components of operating lease costs for the six months period ended in June 30, 2026 and June 30, 2025 were as follows:
| |
|
Six-month period ended June 30, |
|
| |
|
2026 |
|
|
2025 |
|
| |
|
US$ thousands |
|
| |
|
|
|
|
|
|
| Operating lease costs (mainly plant and offices) |
|
|
941 |
|
|
|
842 |
|
| Variable lease payments not included in the lease liability |
|
|
89 |
|
|
|
60 |
|
| Short-term lease cost |
|
|
101 |
|
|
|
117 |
|
| Total operating lease cost |
|
|
1,131 |
|
|
|
1,019 |
|
B. Supplemental cash flow information related to operating leases was as follows:
| |
|
Six-month period ended June 30 |
|
| |
|
2026 |
|
|
2025 |
|
| |
|
US$ thousands |
|
| Cash paid for amounts included in the measurement of lease liabilities: |
| Operating cash flows from operating leases |
|
|
1,032 |
|
|
|
801 |
|
| Right-of-use assets obtained in exchange for lease liabilities (non-cash): |
|
|
|
|
|
|
|
|
| Additions of operating leases |
|
|
764 |
|
|
|
498 |
|
| Termination of operating leases |
|
|
(24 |
) |
|
|
(44 |
) |
In February 2026, the Company extended the lease agreement for its existing offices in Virginia. As a result, the Company recognized a right-of-use asset and a lease liability of US$611 thousand.
C. Supplemental balance sheet information related to operating leases was as follows:
| |
|
June 30,
2026 |
|
|
December 31,
2025
|
|
| |
|
US$ thousands |
|
| Operating leases: |
|
|
|
|
|
|
|
|
| Operating leases right-of-use |
|
|
6,114 |
|
|
|
6,147 |
|
| |
|
|
|
|
|
|
|
|
| Current operating lease liabilities |
|
|
2,063 |
|
|
|
2,019 |
|
| Non current operating lease liabilities |
|
|
4,377 |
|
|
|
4,252 |
|
| Total operating lease liabilities |
|
|
6,440 |
|
|
|
6,271 |
|
D. Supplemental balance sheet information related to operating leases was as follows:
| |
|
June 30,
2026
|
|
|
December 31,
2025
|
|
| |
|
US$ thousands
|
|
| |
|
|
|
|
|
|
| Weighted average remaining lease term (years) |
|
|
4.4 |
|
|
|
4.3 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average discount rate |
|
|
3.6 |
% |
|
|
3.4 |
% |
E. Future lease payments under non-cancellable leases as of June 30, 2026 were as follows:
| |
|
June 30, 2026 |
|
| |
|
US$ thousands |
|
| |
|
|
|
| 2026 |
|
|
1,148 |
|
| 2027 |
|
|
1,976 |
|
| 2028 |
|
|
1,818 |
|
| 2029 |
|
|
1,232 |
|
| 2030 |
|
|
477 |
|
| After 2030 |
|
|
190 |
|
| Total operating lease payments |
|
|
6,841 |
|
| Less: imputed interest |
|
|
(401 |
) |
| Present value of lease liabilities |
|
|
6,440 |
|
|