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Lease
6 Months Ended
Jun. 30, 2024
Lease [Abstract]  
LEASE

NOTE 3:- LEASE

 

The Company has entered into non-cancelable lease agreements for its offices and motor vehicles with lease periods expiring at various dates through May 2035.

 

The components of operating lease costs were as follows:

 

   Six months ended June 30, 
   2023   2024 
   Unaudited 
         
Operating lease cost  $475   $564 
Variable lease cost   22    31 
           
Total net lease costs  $497   $595 

 

Supplemental balance sheet information related to operating leases is as follows:

 

   As of 
   December 31,
2023
   June 30,
2024
 
   Audited   Unaudited 
         
Operating lease ROU assets  $8,363   $8,009 
Operating lease liabilities, current  $1,062   $1,038 
Operating lease liabilities, long-term  $6,604   $6,109 
Weighted average remaining lease term (in years)   10.8    10.41 
Weighted average discount rate   5.8%   5.92%

 

Minimum lease payments for the Company’s ROU assets over the remaining lease periods as of June 30, 2024, are as follows:

 

   Operating leases 
   Unaudited 
     
2024  $538 
2025   1,023 
2026   885 
2027   865 
2028   871 
2029 and thereafter   5,680 
      
Total undiscounted lease payments   9,862 
Less: imputed interest   2,715 
      
Present value of lease liabilities  $7,147