Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 184

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 19
Chunk 184
---
 use assets.

Operating lease costs for the years
ended December 31, 2024 and 2023 are as follows:

                                                                             Year Ended December 31                                  
                                                                             2024                                   2023             
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Fixed payments and variable payments that depend on an index or rate:                                                              
  Equipment leases                                                           $                             373      $           646  
  Office and operational spaces lease expenses                                                           1,225                2,090  
  Vehicle lease expenses                                                                                   121                  151  
  Total                                                                      $                           1,719      $         2,887  

Additional information for the years
ended December 31, 2024 and 2023:

                                                                   Year Ended December 31                            
                                                                   2024                                2023          
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Variable lease cost (included in the operating lease costs)      $                           81      $         54  

F-35

GAUZY LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

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

NOTE 12 - LEASES(continued):

Operating cash flows, for amounts
included in the measurement of lease liabilities are as follows:

                                                    Year Ended December 31              
                                                                      2024        2023  
 ────────────────────────────────────────────────────────────────────────────────────────
  Equipment leases                                                    $448        $705  
  Office and operational spaces lease expenses                      $1,441      $2,037  
  Vehicle lease expenses                                              $143        $150  

Supplemental information related to operating leases
is as follows:

                                             December 31                                    
                                             2024                         2023              
 ────────────────────────────────────────────────────────────────────────────────────────────
  Operating lease right-of-use assets        $                10,515      $         12,377  
  Operating lease liabilities                $                 9,843      $         11,606  
  Weighted average remaining lease term                          3.6                   2.7  
  Weighted average discount rate                               15.68                 12.29  

Financing lease costs for the years
ended December 31, 2024 and 2023 are as follows:

                                           Year Ended December 31                              
                                           2024                                 2023