Leases

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

LEASES

NOTE 3 – LEASES

A. On April 4, 2022, the Company signed a lease agreement for an office space in Mevo Carmel Science and Industry Park, Israel for a term of 3 years. The monthly lease payments under the lease agreement, for the first two years are approximately $4.6 and for the third year approximately $4.8. The property became available for Company’s use in February 2023. Based on the lease agreement terms, the Company made a deposit of $15 as a guarantee for its lease commitments.

B. The components of operating lease expense for the period ended September 30, 2023 and 2022 were as follows:

	Nine months ended September 30,
	2023		2022
Operating lease expense		27		-

C. Supplemental cash flow information related to operating leases was as follows:

	Nine months ended  September 30,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		36		-
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases		146		-

D. Supplemental balance sheet information related to operating leases was as follows:

	Nine months ended September 30,
	2023			2022
Operating leases:
Operating leases right-of-use asset		114			-
Current operating lease liabilities		50			-
Non-current operating lease liabilities		54			-
Total operating lease liabilities		104			-
Weighted average remaining lease term (years)		2.30			-
Weighted average discount rate		8.75	%		-

E. Future minimum lease payments under non-cancellable leases as of September 30, 2023 were as follows:

2023	13
2024	52
2025	49
Total operating lease payments	114
Less: imputed interest	(10	)
Present value of lease liabilities	104