NOTE
14 – LEASES
| A. | The
components of operating lease cost for the years ended December 31, 2025 and 2024 were as
follows: |
SCHEDULE OF OPERATING LEASE COST
| | |
2025 | |
2024 |
| | |
December 31, |
| | |
2025 | |
2024 |
| | |
| | |
| |
| Operating lease costs | |
| 15 | |
| 41 |
| B. | Supplemental
cash flow information related to operating leases was as follows: |
SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASE
| | |
2025 | |
2024 |
| | |
December 31, |
| | |
2025 | |
2024 |
| | |
| |
|
| Cash paid for amounts included in the measurement
of lease liabilities: | |
| | |
| |
| Operating cash flows from operating
leases | |
| 24 | |
| 61 |
| Right-of-use assets obtained in exchange
for lease obligations (non-cash): | |
| | |
| |
| Operating leases | |
| 39 | |
| - |
| C. | Supplemental
balance sheet information related to operating leases was as follows: |
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO OPERATING LEASES
| | |
2025 | |
|
2024 |
|
| | |
December
31, |
|
| | |
2025 | |
|
2024 |
|
| | |
| |
|
|
|
| Operating leases: | |
| | |
|
| |
|
| Operating
leases right-of-use asset | |
| 16 | |
|
| 8 |
|
| | |
| | |
|
| |
|
| Current operating lease liabilities | |
| 7 | |
|
| 7 |
|
| Non-current operating
lease liabilities | |
| 8 | |
|
| - |
|
| Total operating lease
liabilities | |
| 15 | |
|
| 7 |
|
| | |
| | |
|
| |
|
| Weighted average remaining
lease term (years) | |
| 1.95 | |
|
| 0.92 |
|
| | |
| | |
|
| |
|
| Weighted average discount
rate | |
| 5 | % |
|
| 5 |
% |
NEXENTIS
TECHNOLOGIES INC.
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
(USD
in thousands, except share and per share data)
NOTE
14 – LEASES (continued)
| D. | Future
minimum lease payments under non-cancellable leases as of December 31, 2025 were as follows: |
SCHEDULE OF MINIMUM LEASE PAYMENTS UNDER NON- CANCELABLE LEASES
| | |
2025 |
|
| 2026 | |
| 8 |
|
| 2027 | |
| 8 |
|
| Total operating lease
payments | |
| 16 |
|
| Less: imputed interest | |
| (1 |
) |
| Present value of
lease liabilities | |
| 15 |
|
On
December 15, 2025, the Company entered into a new lease agreement for office space in Miami for a period of 1 year with monthly payments
of $1 and an option to extend the agreement for an additional 1 year with at a 5% increase in the monthly payments. A lease right-of-use
asset and a related liability in the amount of $16 have been recognized in the balance sheet in respect of this lease. The Company assumes
that it is reasonably certain that the extension option will be exercised and therefore included the optional period in determining the
lease term.
|