Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 16

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 16
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 risk support for such assets. We had no outstanding derivative financial instruments, off-balance sheet
guarantees, interest rate swap transactions or foreign currency contracts. We do not engage in trading activities involving non-exchange
traded contracts.

Recently Issued Accounting Pronouncements

For information with respect to recent accounting
pronouncements, see Note 2 to the audited consolidated financial statements of SATIVUS TECH CORP. included elsewhere in this Form 10-K

Critical Accounting Policies

Our discussion and analysis of the financial condition
and results of operations are based upon the Company’s financial statements, which have been prepared in accordance with generally
accepted accounting principles in the United States (“GAAP”). The preparation of these financial statements requires us to
make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of
contingent assets and liabilities. We believe that the estimates, assumptions and judgments involved in the accounting policies described
below have the greatest potential impact on our financial statements, so we consider these to be our critical accounting policies. Because
of the uncertainty inherent in these matters, actual results could differ from the estimates we use in applying the critical accounting
policies. Certain of these critical accounting policies are fair value of convertible loans, and the calculation of share-based compensation
and going concern.

Within the context of these critical accounting
policies, we are not currently aware of any reasonably likely events or circumstances that would result in materially different amounts
being reported.

Item 7A. Quantitative and Qualitative Disclosures
About Market Risk.

We are a smaller reporting company as defined
in Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item. 

 11 

Item 8. Financial Statements and Supplementary Data.

SATIVUS TECH CORP.

CONSOLIDATED FINANCIAL STATEMENTS

AS OF DECEMBER 31, 2024

IN THOUSANDS OF U.S. DOLLARS

INDEX

    Page
  
    Report of Independent Registered Public Accounting Firm
     
    F-2

    Consolidated Balance Sheets
     
    F-4

    Consolidated Statements of Comprehensive Loss
     
    F-5

    Consolidated Statements of Changes in Shareholders’ Deficit
     
    F-6

    Consolidated Statements of Cash Flows
     
    F-7

    Notes to Consolidated Financial Statements
     
    F-8