Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 59

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 59
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 on the lease.

    ●
    We
    lease office space (Gamdan- 1st floor) for our finance and service department at Yad Harutzim 14 Tel-Aviv, Israel. The lease provides
    for monthly payments of NIS 18,840 (approximately USD$5,173). The lease expired as of December 31, 2024. Subsequent to year end, the
Company extended the lease with a termination date of December 31, 2025.

    ●
    We
    lease office and warehouse space for our products and technical support staff at Rival Street, Tel-Aviv, Israel. The lease provides
    for monthly payments of NIS 58,000 (approximately USD$15,927). The lease expired as of December 31, 2024. Subsequent to year end, the
Company extended the lease with a termination date of December 31, 2025.

    F-19

Other
information related to our operating leases is 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