|12 Months Ended|
Dec. 31, 2019
NOTE 6 - OPERATING LEASES
As collateral for the lease agreement, a restricted deposit was pledged in favor of the property owner. The balance of the restricted deposit as of December 31, 2019 amounted to $168. The deposit is classified as a non-current asset.
On July 28, 2016, the Company signed a lease agreement for additional space designated for its development and production activities. The lease was for three years with an option to extend for four additional years, in return for a monthly payment of NIS 30 thousand (approximately $8.5). On March 24, 2019, the Company exercised its first option to extend the lease period for an additional 16 months commencing July 1, 2019.
In July 2017, the Company signed a lease agreement for land in Yessod Hamaala that was previously leased. The new lease agreement is for four years, commencing May 1, 2017, with an option to extend for an additional six years, with a monthly rental amount of NIS 10 thousand (approximately $3).
The Company also leased a space for its old offices in Ness Ziona until March 31, 2019, for a monthly rental amount of approximately $15.
Operating leases cost for rental space and vehicles for the year ended December 31, 2019 totaled $619.
Rent expense for the years ended December 31, 2017 and 2018 was approximately $296 thousand and $331 thousand, respectively.
The operating lease costs include variable lease payments of $9.
Supplemental cash flow information related to leases was as follows:
Supplemental balance sheet information related to leases was as follows:
As of December 31, 2019, the maturities of lease liabilities were as follows:
As of December 31, 2018, the minimum lease payments of the Company were as follows:
No definition available.
The entire disclosure for leases.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef