Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 256

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 256
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 than anticipated during the next 12 months or in later periods.

     F-8 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

U.S. dollars in thousands, except per share data

    NOTE 1:-
    GENERAL (Cont.)

The accompanying consolidated financial
statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and
liabilities and commitments in the normal course of business.

The consolidated financial statements
for the year ended December 31, 2024, do not include any adjustments to reflect the possible future effects on the recoverability
and classification of assets or the amounts and classification of liabilities that may result from uncertainty related to the Company’s
ability to continue as a going concern.

    NOTE 2:-
    SIGNIFICANT ACCOUNTING POLICIES

The consolidated financial statements
have been prepared in accordance with U.S. Generally Accepted Accounting Principles in the United States of America.

    a.
    Use of estimates:

The preparation of the financial statements
in conformity with GAAP requires management to make estimates, judgments and assumptions. The Company’s management believes that
the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates,
judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities
at the dates of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ
from those estimates.

    b.
    Financial statements in U.S. dollars:

The costs of the Company are denominated
in United States dollars (“dollars”). Some of the costs in our Israeli subsidiary are incurred in New Israeli Shekels (NIS),
however the selling prices will be linked to the Company’s price list which will be determined in dollars, the budget is managed
in dollars, financing activities including loans and cash investments, are made in U.S. dollars and the Company’s management believes
that the dollar is the primary currency of the economic environment in which the Company and its subsidiary operates. Thus, the dollar
is the Company’s and its subsidiary functional and reporting currency.

Accordingly, transactions denominated
in currencies other than the functional currency are re-measured to the functional currency in accordance with Accounting Standards Codification
(“ASC”) No. 830, “Foreign Currency Matters” at the exchange rate at the date of the transaction or the average
exchange rate in the relevant reporting