NOTE 6 - COMMITMENTS

Operating lease agreements

The Company leases office space for its headquarters and research and development facilities in Israel and the United States under several lease agreements. The lease agreement for the facilities in Israel is linked to the Israeli consumer price index (“CPI”) and due to expire in December 2020.

The lease agreement in the United States was due to expire during March 2019. On March 13, 2019, the Company signed an amendment to the original lease agreement. The amendment includes an extension of the lease period of the 10,000 square feet currently leased under the original agreement (the "Current Space") and an addition of 4,639 square feet (the "Additional Space”). The Company will enter the Additional Space following a period of preparation by the lessor which is expected to be completed during August 2019 (the "Commencement Date").

On March 13, 2019, pursuant to the extension of the lease on the Current Space, the Company recognized an additional right of use asset and liability in the amount of $713. The Additional Space is considered a new lease agreement and will be recognized only on Commencement Date. As of June 30, 2019, the expected right of use asset and liability of the Additional Space to be recognized on the Commencement Date is $351.

In July 2017, the Company entered into operating lease agreements in connection with the leasing of several vehicles. The lease periods are generally for three years and the payments are linked to the Israeli CPI. To secure the terms of the lease agreements, the Company has made certain prepayments to the leasing company, representing approximately three months of lease payments. These amounts have been recorded as part of the operating lease right to use assets.

Operating lease costs for the three months ended June 30, 2019, are as follows:

		Six months ended June 30				Three months ended June 30
		2019				2019

Office lease expenses		$	394			$	212
Vehicles lease expenses		$	33			$	8

Cash paid for amounts included in the measurement of lease liabilities are as follows:

		Six months ended June 30				Three months ended June 30
		2019				2019

Office lease		$	389			$	188
Vehicles lease		$	72			$	36

Supplemental information related to leases are as follows:

		June 30
		2019

Operating lease right-of-use assets	1,858
Operating lease liabilities	1,882
Weighted average remaining lease term	2.22
Weighted average discount rate	5.54	%

Maturities of lease liabilities are as follows:

2019	511
2020	1,014
2021	326
2022	156
Total lease payments	2,007
Less imputed interest	(125	)
Total lease liability	1,882

As of June 30, 2019, the Company had a lien in the amount of $139 on the Company’s marketable securities in respect of bank guarantees granted in order to secure the lease agreements.

The Company elected the alternative modified transition method and included the following table previously disclosed.

Future minimum lease commitments under non-cancelable operating lease agreements as of December 31, 2018 were as follows:

2019	$	746
2020		682
2021 and thereafter		21
Total	$	1,449