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Liabilities in Respect of IIA Grants
 12 Months Ended
Dec. 31, 2022
Disclosure of israeli innovation authority grants [Abstract]  
Liabilities in Respect of IIA Grants

Note 13:        Liabilities in Respect of IIA Grants

 

   
December 31
  
   
2022
    
2021
  
             
Balance as of January 1,
    
8,105
      
7,528
  
Royalties
    
(407
)
    
(342
)
Amounts carried to Profit or Loss
    
(132
)
    
919
  
Balance as of December 31,
    
7,566
      
8,105
  
                 
Current maturities
    
(121
)
    
(220
)
Long term liabilities in respect of IIA grants
    
7,445
      
7,885
  

 

The Company is committed to pay royalties to the IIA up to the total grants received plus the applicable accrued interest. The total amount of grants received from IIA including accrued LIBOR interest, net of royalties as of December 31, 2022 is approximately $13,614, while the amortized cost of this liability as of that date is $ 7,566, using the interest method.