Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

OTHER LONG-TERM ASSETS

v3.22.1
OTHER LONG-TERM ASSETS
 12 Months Ended
Dec. 31, 2021
Other Assets, Noncurrent Disclosure [Abstract]  
OTHER LONG-TERM ASSETS

NOTE 7:-

OTHER LONG-TERM ASSETS
   
 

Other long-term assets consisted of the following:
   
   
December 31,
  
   
2021
    
2020
  
             
Investment in non-marketable securities
  

$
-
    

$
166
  
Deferred transaction costs
    
-
      
371
  
 
                
   
$
-
    
$
537
  
 
  a.
In November 2021, the Company sold its equity investment in a privately held company with no readily determinable fair value which was accounted for under the measurement alternative pursuant to ASC 320, for $2,178. The Company recognized a profit in the amount of $2,012 in financial income, net.
 
  b.
Deferred transactions costs consist primarily of accounting, legal, and other fees related to the Transactions. The Company capitalized $371 of deferred transaction costs within Other long-term assets in the consolidated balance sheets as of December 31, 2020. Upon closing of the Transactions, these costs were recorded as a reduction to additional paid in capital in 2021.