Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 283

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 283
---
 as follows:

SCHEDULE
OF OTHER INFORMATION RELATED TO OPERATING LEASE 

    In thousands 

    ROU asset - January 1, 2023 
    $2,300 
  
    Increase 
     1,164 
  
    Decrease 
     (437)
  
    Effective foreign exchange rates 
     (273)
  
    Amortization 
     (892)
  
    ROU asset - December 31, 2023 
     1,862 
  
    Increase 
     - 
  
    Decrease 
     - 
  
    Effective foreign exchange rates 
     (13)
  
    Amortization 
     (773)
  
    ROU asset – December 31, 2024 
    $1,076 

    In thousands 

    Lease liability – January 1, 2023 
    $2,346 
  
    Increase 
     936 
  
    Decrease 
     (661)
  
    Effect of foreign exchange rates 
     179 
  
    Amortization 
     (904)
  
    Lease liability – December 31, 2023 
     1,896 
  
    Increase 
     - 
  
    Decrease 
     - 
  
    Effective foreign exchange rates 
     (69)
  
    Amortization 
     (773)
  
    Lease liability - December 31, 2024 
    $1,054 

As
of December 31, 2024, our operating leases had a weighted average remaining lease term of 7.81 months and a weighted average discount
rate of 6%.

The
table below reconciles the fixed component of the undiscounted cash flows for each of the first five years and the total remaining years
to the lease liabilities recorded on the Consolidated Balance Sheet as of December 31, 2024:

SCHEDULE
OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASES 

    In thousands 

    Year 
    Minimum
                                                                               lease payments 
  
    2025 
    $707 
  
    2026 
     379 
  
    2027 
     - 
  
    Total 
     1,086 
  
    Less interest 
     (32)
  
    Present value of future minimum lease payments 
     1,054 
  
    Less current obligations 
     (701)
  
    Long