LEASES

3 Months Ended

Mar. 31, 2022

Leases

LEASES

NOTE 3 - LEASES

The Company has lease agreements with lease and non-lease components, which it accounts for as a single lease component. The Company has elected not to recognize ROU assets and lease liabilities for short-term leases that have a term of 12 months or less. The effect of short-term leases on the Company’s ROU assets and lease liabilities was not material. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. In addition, the Company does not have any related party leases and its sublease transactions are de minimis.

MICROBOT MEDICAL INC.

Notes to Interim Consolidated Financial Statements (continued)

U.S. dollars in thousands

(Except share and per share data)

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

	For the Three Months Ended March 31,
	2022		2021
Cash payments and expenses	$	93	$	64

Undiscounted maturities of operating lease payments as of March 31, 2022 are summarized as follows:

2022 (Remainder of the year)	$	276
2023		325
2024		173
Total future lease payments		774
Less imputed interest		(72	)
Total lease liabilities balance	$	702

	As of March 31,			As of December 31,
	2022			2021
Operating leases weighted average remaining lease term (in years)		2-3			3
Operating leases weighted average discount rate		9	%		9	%