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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LEASE |
The Company`s leases include offices for its facilities worldwide, as well as car leases, which are all classified as operating leases. Certain leases include renewal options that are under the Company`s sole discretion. The renewal options were included in the ROU assets and liabilities calculations if it was reasonably certain that the Company will exercise the option.
The following table outlines maturities of the Company’s lease liabilities as of December 31, 2021:
The Company sublease one of its partial real estate offices. Lease income relating to lease payments of operating leases was $70 and $506 for the years ended December 31, 2021 and 2020, respectively.
As of December 31, 2021, the Company has a lease commitment of approximately $506,000 for a new offices in Israel, which has not yet commenced. The lease commitment for the first part of the contract is expected to commence during 2022, and during 2023 for the second part of the contract. The initial term of the lease agreement is 10 years commencing on the transfer of possession, and with an option to extend the lease for additional periods of up to 15 years, subject to the conditions of the lease agreement.
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