Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 141

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 141
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    December
    31, 

    2024  
    2023 
  
    U.S 
     (1,168) 
     (2,375)
  
    Non-U.S.
    (foreign) 
     (2,827) 
     (4,338)
  
    Loss
    before income taxes 
     (3,995) 
     (6,713)

    F-20

MY
SIZE, INC. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

NOTE
12 - TAXES ON INCOME (Cont.)

    d.
    Deferred
    taxes:

Deferred
taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting
purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets are as follows:

SCHEDULE OF DEFERRED TAX ASSETS

    2024  
    2023 

    December
    31, 

    2024  
    2023 
  
    Deferred
    tax assets: 

    Operating
    loss carryforwards 
     22,005  
     21,172 
  
    Stock
    based compensation expense 
     102  
     102 
  
    Investment
    in marketable securities 
     419  
     419 
  
    Capitalized
    research and development expenses 
     140  
     226 
  
    Other
    temporary differences 
     24  
     16 
  
    Total
    deferred tax assets 
     22,690  
     21,935 
  
    Valuation
    allowance 
     (22,509) 
     (21,663)
  
    Net
    deferred tax assets after valuation allowance 
     181  
     272 

    Deferred
    tax liabilities: 

    Intangible
    assets 
     (181) 
     (272)

    Net
    deferred tax liability 
     -  
     - 

The
following table presents a reconciliation of the beginning and ending valuation allowance:

SCHEDULE OF RECONCILIATION OF  VALUATION ALLOWANCE

    2024  
    2023 

    December