Annual report pursuant to Section 13 and 15(d)

Short-Term Deposits

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Short-Term Deposits
12 Months Ended
Dec. 31, 2020
Investments, All Other Investments [Abstract]  
SHORT-TERM DEPOSITS
NOTE 3 - SHORT-TERM DEPOSITS

 

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 operations during the years for which the Company held short-term deposits.

 

As of December 31, 2020, the Company had deposits at Leumi Bank (Israel) and BHI USA that bore fixed annual interest between 0.51% and 1.58%. As of December 31, 2019, the Company has a deposit dominated in USD at BHI USA that bears fixed annual interest of 2.1%.