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, 2024 was 292,000 NIS (approximately $78,000).
For fiscal year 2024, we recognized expense in the amount of $1,024,000, 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.
35
PART
II
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