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OTHER CURRENT RECEIVABLES
 12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER CURRENT RECEIVABLES

NOTE 3 - OTHER CURRENT RECEIVABLES

 

   2022   2021 
   December 31, 
   2022   2021 
   USD in thousands 
Governmental institutes   225    240 
Prepaid expenses   380    284 
Other receivables   237    136 
 Other current receivables   842    660 

 

In 2021, the Company received an award in an aggregate amount of approximately $721 from the European Horizon 2020 Program to aid in funding the Company’s research and development. The award does not bear a royalty payment commitment nor is the award otherwise refundable. The Company recorded an amount of $116 as grant receivables in other receivables as of December 31, 2022. $395 was recorded as participation by the European Horizon 2020 grant in research and development expenses during the year ended on December 31, 2022.

 

 

Foresight Autonomous Holdings Ltd.

Notes to the consolidated financial statements

(Dollars in thousands, except per share data)