Quarterly report pursuant to Section 13 or 15(d)

Short-Term Deposit

v3.20.1
Short-Term Deposit
3 Months Ended
Mar. 31, 2020
Investments, All Other Investments [Abstract]  
SHORT-TERM DEPOSIT
NOTE 3 SHORT-TERM DEPOSIT

 

Short-term deposits represent time deposits placed with banks with original maturities of greater than three months but less than one year. Interest earned is recorded as finance income in the consolidated statements of comprehensive loss during the years for which the Company held short-term deposits.

 

As of March 31, 2020, the Company deposits dominated in USD and in ILS at Leumi Bank (Israel) and BHI USA that bear fixed annual interest of 1.0% - 1.75%. As of March 31, 2019, the Company had deposits at Leumi Bank (Israel) and BHI USA that bore fixed annual interest of 0.21% - 3.63%.