Leases

12 Months Ended

Dec. 31, 2021

Disclosure Text Block [Abstract]

LEASES

NOTE 9 - LEASES

The Company and its subsidiaries, Foresight Ltd and Eye Net, currently has a 3-year lease for its offices with an option to extend the lease for another 3 years. The Company also currently leases several vehicles, each for a term of 3 years. The Company has no finance leases.

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

	Year Ended December 31, 2021
Cash payments for operating leases	$	460
New operating lease assets obtained in exchange for operating lease liabilities	$	1,824

As of December 31, 2021, the Company’s operating leases had a weighted average remaining lease term of 2.4 years and a weighted average discount rate of 5%. Future lease payments under operating leases as of December 31, 2021 were as follows:

	Operating Leases
2022	$	624
2023		593
2024		550
2025		542
2026		542
2027		254
Total future lease payments		3,105
Less imputed interest		(375	)
Total lease liability balance	$	2,730