Item 2. Properties
ITEM 2.
PROPERTIES.
Our
principal executive, manufacturing and research and development offices are located at MATAM Advanced Technology Park, Building No. 5,
Haifa, Israel, where we occupy approximately 4,389 square meters. Our gross monthly rent payment for these leased facilities as of June
30, 2023 was 292,000 NIS (approximately $83,000). For fiscal year 2023, we recognized expense in the amount of $1,052,000, according
to the implementation of Accounting Standards Update No. 2016-02, “Leases.”
We
believe that the current space we have is adequate to meet our current and foreseeable future needs.
ITEM
3. LEGAL PROCEEDINGS.
None.
ITEM
4. MINE SAFETY DISCLOSURES.
Not
applicable.
34
PART
II
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