Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 931

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 12
Chunk 931
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 F-5
  
    CONSOLIDATED
    STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)
    F-6
  
    CONSOLIDATED
    STATEMENTS OF CASH FLOWS
    F-7
  
    NOTES
    TO CONSOLIDATED FINANCIAL STATEMENTS
    F-8

F-1

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Board of Directors and

Stockholders of OMNIQ Corp.

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of OMNIQ Corp. (the Company) as of December 31, 2024, and 2023, and the related
consolidated statements of operations and comprehensive loss, stockholders’ equity (deficit), and cash flows for each of the years
in the two-year period ended December 31, 2024, and the related notes (collectively referred to as the financial statements). In our
opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of
December 31, 2024, and 2023, and the results of its operations and its cash flows for each of the years in the two-year period ended
December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

We
did not audit portions of the December 31, 2024, and 2023, consolidated financial statements for Dangot Computers, Ltd., a wholly owned
subsidiary. The portions not audited by us include assets of $17.4 million and $20.2 million as of December 31, 2024, and 2023, respectively,
and total revenues of $30.5 million and $44.8 million for the years ended December 31, 2024, and 2023, respectively. Those portions of
the December 31, 2024, and 2023, consolidated financial statements were audited by other auditors whose report has been furnished to
us, and our opinion, insofar as they relate to the amounts included for Dangot Computers, Ltd. is based solely on the reports of the
other auditors.

Consideration
of the Company’s Ability to Continue as a Going Concern

The
accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note