Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 103

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 19
Chunk 103
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 time of the grant recognition.

Research and development expenses,
net for the years ended December 31, 2024, 2023 and 2022, include participation in research and development expenses in the amount of
approximately $0thousand, $92thousand and $275thousand, respectively.

  Loss Contingencies  

The
Company may be involved, from time to time, in various claims and legal proceedings that arise in the ordinary course of business. The
Company recognizes a liability when it is probable that a loss has incurred and can reasonably estimate the loss. The Company regularly
evaluates current information to determine whether it should adjust a recorded liability or record a new one. As of December 31,
2024, no such claims or proceedings are pending against the Company.

F-13

Brenmiller Energy Ltd.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES: (cont.)

  Fair value measurements  

Fair value is based on the price that
would be received from the sale of an asset or that would be paid to transfer a liability in an orderly transaction between market participants
at the measurement date. In order to increase consistency and comparability in fair value measurements, the guidance establishes a fair
value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described
as follows:

Level 1: Quoted prices (unadjusted)
in active markets that are accessible at the measurement date for assets or liabilities.

Level 2: Observable prices that
are based on inputs not quoted on active markets, but corroborated by market data.

Level 3: Unobservable inputs that
are used when little or no market data is available.

The carrying amount of the cash and cash
equivalents, restricted deposits, trade receivable, trade payables, accrued expenses and EIB loan, approximates their fair value.

As of December 31, 2024, except for warrants
liability of $10thousand, and as of December 31, 2023, the company has no financial instruments measured at fair value.

  Loss per share  

Basic loss per share is computed by dividing
net income or loss, by the weighted-average number of Ordinary Shares outstanding during the year, including prefunded warrants with token
exercise price (“penny” warrants). Diluted loss per share is based on the weighted average number of Ordinary Shares used
for basic computation, as