Company: MYSZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024073
Chunk: 11

Company: My Size, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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and orders are shipped from regional Amazon warehouses, thereby reducing exposure to inventory risk and contributing to operating efficiencies.

    On February 24, 2022, Russia invaded Ukraine. The outbreak of hostilities
between the two countries could result in more widespread conflict and could have a severe adverse effect on the region. Following Russia’s
actions, various countries, issued broad-ranging economic sanctions against Russia. Such sanctions included, among other things, a prohibition
on doing business with certain Russian companies, officials and oligarchs; a commitment by certain countries and the European Union to
remove selected Russian banks from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) electronic banking network
that connects banks globally; and restrictive measures to prevent the Russian Central Bank from undermining the impact of the sanctions.

The Company shut down its operation in Russia and is expected to close
down its subsidiary, My Size LLC, but due to technical reasons it is expected to occur in the near future. Therefore, the impact from
the current situation is very limited.

    8

MY
SIZE, INC. AND ITS SUBSIDIARIES

Notes
to Condensed Consolidated Interim Financial Statements (Unaudited)

U.S.
dollars in thousands (except share data and per share data)

Note
2 - Significant Accounting Policies

    a.
    Unaudited
    condensed consolidated financial statements:

    The
    accompanying unaudited condensed consolidated interim financial statements included herein have been prepared by the Company in accordance
    with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information
    and in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”). The
    unaudited condensed consolidated financial statements are comprised of the financial statements of the Company. In management’s
    opinion, the interim financial data presented includes all adjustments necessary for a fair presentation. All intercompany accounts
    and transactions have been eliminated. Operating results for the six months ended June 30, 2025 not necessarily indicative of the
    results that may be expected for any future period or for the year ending December 31, 2025.

    These
    unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated
    financial statements and the notes thereto for the year ended December 31, 2024.

    b.
    Recently accounting standard
    that have not yet been adopted.

    In July 2025, the Financial Accounting Standards