| A. |
The Company and the U.S. subsidiary have operating lease agreements with respect to the buildings they use. The agreements of the Company will end in June 2021.The agreement of the U.S. subsidiary ended in April 2018 and was extended in 2018 for the period through December 31, 2018. The Company provided a promissory note in the amount of USD 15 thousand and deposited as a lien USD 304 thousand as security for the building lease.
|
|
December 31, 2017
|
||||
|
USD thousands
|
||||
|
2018
|
713
|
|||
|
2019
|
26
|
|||
|
2020
|
626
|
|||
|
2021
|
313
|
|||
|
2,278
|
||||
| B. |
The Company leases motor vehicles under operating lease agreements for a period of 32 to 36 months. With regards to these agreements, the Company has deposited amounts as security for the future rent payments. As of the reporting date the balance of prepaid expenses on account of the lease of motor vehicles is USD 132 thousand (December 31, 2016 – USD 93 thousand). The deposits are linked to the CPI and do not bear interest. The minimum annual payments according to the agreements are as follows:
|
|
December 31, 2017
|
||||
|
USD thousands
|
||||
|
2018
|
456
|
|||
|
2019
|
333
|
|||
|
2020
|
103
|
|||
|
892
|
||||
| C. |
As of December 31, 2017, the Company has purchase obligations in the amount of USD 3,819 thousand (as of December 31, 2016: USD 5,590 thousand) which mainly represent outstanding purchase commitments for inventory components and R&D materials ordered in the normal course of business. |