Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 130

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 19
Chunk 130
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4             
 ───────────────────────────────────────────────────────────────────
  Employees and employee institutions              933        760  
  Expenses payable                                 275        385  
  Royalties payable                                408        247  
  Other liabilities                                 16          9  
                                                 1,632      1,401  

  REVENUES:  

In 2023, the Company recognized revenue
from engineering services provided to customers in Europe (97%) and North America.

In 2022, the Company recognized the
revenue for licensing under the licensing agreement with a customer in Brazil, following the completion of know-how delivery.

Revenue recognized that was included
in the contract liability balance (deferred revenue) at the beginning of the years ended December 31, 2023 and 2022, amounts to $175thousand
and $939thousand, respectively. As of December 31, 2024, $387thousand of the amount of deferred revenue is expected to be recognized
during 2025.

F-34

Brenmiller Energy Ltd.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 13 - SUPPLEMENTRY FINANCIAL STATEMENT
INFORMATION(cont.):

  COST OF REVENUES (U. S. dollars in thousands):  

                                                                                         Year ended December 31,                        
                                                                                         2024                                           
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Salary and related expenses                                                            -                              393          -  
  Consultants and subcontractors                                                         -                              112        247  
  Expenditure on materials (including inventory impairment loss)                         -                                1          2  
  Royalties                                                                              -                               84          -  
                                                                                         -                              590        249  
  Operating costs not attributed to projects (mainly salary and related expenses) *      985                            965      1,641  
                                                                                         985                          1,555      1,890  
  Onerous contract provision included in costs                                           -                                -          8  

  Cost and expenses relating to periods in which the plant  

  RESEARCH AND DEVELOPMENT, NET (U. S. dollars in thousands):  

                                            Year ended December 31,                        
                                                               2024                        
 ───────────────────────────────────────────────────────────────────────────────────────────
  Salary and related expenses                                 2,604      2,268