Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 175

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 175
---
          100  
  Balance as of December 31, 2023                                        ( 896       ( 44        ( 940  
                                                                           746         33          779  

Lease liabilities

                                                         Property                       
 ────────────────────────────────────────────────────────────────────────────────────────
                                       U. S. dollars in thousands                       
  Balance as of January 1, 2024                               871        22        893  
  Additions                                                     -        12         12  
  Disposals                                                     -      ( 12       ( 12  
  Interest expense                                            131         1        132  
  Payments                                                  ( 391      ( 14      ( 405  
  Balance as of December 31, 2024                             611         9        620  
  Short-term lease liabilities                                350         9        359  
  Long-term lease liabilities                                 260         1        261  
  Balance as of December 31, 2024                             610        10        620  
  Balance as of January 1, 2023                               153        64        217  
  Additions                                                   880        21        901  
  Disposals                                                     -      ( 27       ( 27  
  Interest expense                                             87         1         88  
  Payments                                                  ( 249      ( 37      ( 286  
  Balance as of December 31, 2023                             871        22        893  
  Short-term lease liabilities                                358        12        370  
  Long-term lease liabilities                                 513        10        523  
  Balance as of December 31, 2023                             871        22        893  

F-25

ALARUM TECHNOLOGIES LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

NOTE 11 - SHARE BASED PAYMENT:

The Company maintains a share-based payment plan
for employees, directors and consultants (the “ Plan”). According to the Plan, the Company can grant options and RSUs. The
options and the RSUs vest over a period of up tofour years, and the options’ term period is7-10years. Nevertheless, the Board
of Directors is qualified to resolve on different vesting terms. Below is a summary of the Company’s share option and RSUs activity
during the years 2024, 2023 and 2022: