Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 174

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 174
---

vehicle leases. The lease agreements are for periods of between2to3years and may include an option to extend the lease period.

In June 2023, the Company entered into a new operating
lease agreement for the offices it uses. The lease periods are for two years expiring in October 2025, with an option to extend the lease
periods for an additional year, which the Company is reasonably certain to exercise.

Expenses relating to short-term leases for the
years ended December 31, 2024, 2023 and 2022 were $0, $63thousand and $111thousand, respectively.

F-24

ALARUM TECHNOLOGIES LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

Right-of-use assets

                                       Property                                                         
 ────────────────────────────────────────────────────────────────────────────────────────────────────────
                                       U. S. dollars in thousands                                       
  Cost:                                                                                                 
  Balance as of January 1, 2024                                          1,642         77        1,719  
  Additions                                                                  -         16           16  
  Disposals                                                                  -       ( 45         ( 45  
  Balance as of December 31, 2024                                        1,642         48        1,690  
  Accumulated amortization:                                                                             
  Balance as of January 1, 2024                                          ( 896       ( 44        ( 940  
  Additions                                                              ( 263       ( 19        ( 282  
  Disposals                                                                  -         30           30  
  Balance as of December 31, 2024                                      ( 1,159       ( 33      ( 1,192  
                                                                           483         15          498  
  Cost:                                                                                                 
  Balance as of January 1, 2023                                            763        180          943  
  Additions                                                                879         24          903  
  Disposals                                                                  -      ( 127        ( 127  
  Balance as of December 31, 2023                                        1,642         77        1,719  
  Accumulated amortization:                                                                             
  Balance as of January 1, 2023                                          ( 643      ( 110        ( 753  
  Additions                                                              ( 253       ( 34        ( 287  
  Disposals                                                                  -        100