COMMITMENTS AND CONTINGENT LIABILITIES

12 Months Ended

Dec. 31, 2017

Disclosure of commitments and contingent liabilities [Abstract]

COMMITMENTS AND CONTINGENT LIABILITIES

NOTE 16: -     COMMITMENTS AND CONTINGENT LIABILITIES

a. The Company leases facilities for its offices and research and development activities, as well as motor vehicles under operating leases. Future minimum lease payments under non-cancelable operating leases for the years ended December 31, are as follows:

2018	$	742
2019		278
2020		285
2021		243
	$	1,548

The Company has provided bank guarantees in the amount of $304 to secure compliance with its facilities rental payment requirements.

b. Claims

As of December 31, 2017, the Company is not involved in any claims.

c. Government grants

The Company received research and development grants from the IIA, BIRD and CIIRDF, see note 12. If no economic benefits are expected from the research activity, the royalty obligation is not recorded as a liability and instead is treated as a contingent liability in accordance with IAS 37. The grants from the IIA impose certain restrictions on the transfer outside of Israel of the underlying know-how and the manufacturing or manufacturing rights of the underlying products and technologies.