Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 185

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 19
Chunk 185
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 ───────────────────────────────────────────────────────────────────────────────────────────────
  Amortization of right of use assets      $                           118      $         273  
  Interest on lease liabilities                                          9                 10  
  Total                                    $                           127      $         283  

As of December 31, 2024, the Company
has not entered into lease agreements that include options to extend them that are not included in the measurement of the lease liability.

Maturities of lease liabilities are
as follows:

                               Operating leases                  Financing leases           
  2025                         $                      2,729      $                      61  
  2026                                                2,428                             24  
  2027                                                1,710                             22  
  2028                                                1,580                             28  
  2029 and thereafter                                 4,049                              -  
  Total lease payments                               12,496                            135  
  Less imputed interest                               2,653                             47  
  Total lease liabilities      $                      9,843      $                      88  

F-36

GAUZY LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(U. S. dollars in thousands, except share and per
share amounts)

NOTE 13 - FAIR VALUE MEASUREMENTS:

  Financial instruments measured at fair value on a recurring  

The Company’s assets and liabilities
that are measured at fair value as of December 31, 2024, and 2023, are classified in the tables below in one of the three categories described
in “ Note 2 - Fair value measurement” above:

                                     December 31, 2024                                                  
                                     Level 1                Level 3                  Total              
 ────────────────────────────────────────────────────────────────────────────────────────────────────────
  Financial Assets                                                                                      
  RFI Shares                         $                                               $           3,144  
  Financial Liabilities                                                                                 
  Warrants and phantom warrants                                             206                    206  
  NPA                                                       $            17,777      $          17,777  

                                     December 31, 2023                                     
                                     Level 1                            Total              
 ───────────────────────────────────────────────────────────────────────────────────────────
  Financial Assets                                                                         
  RFI Shares                         $                                  $           1,857  
  Financial Liabilities                                                                    
  Warrants and phantom warrants                             21,566