Company: OMQS
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024877
Chunk: 37

Company: OMNIQ Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 37
---
 read in conjunction with the Company’s annual consolidated financial
statements and accompanying notes included in its Annual Report on Form 10-K for the year ended December 31, 2024 (the “2024 Form
10-K”).

We
describe our significant accounting policies in Note 2 of the notes to consolidated financial statements in the 2024 Form 10-K. During
the six-month period ended June 30, 2025, there were no significant changes to those accounting policies other than below.

Accounting
Standards Updates

ASU
2023-09, “Income Taxes (Topic 740), Improvement to Income Tax Disclosures.” The amendments in ASU 2023-09 require an entity
to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative
threshold, which is greater than five percent of the amount computed by multiplying pretax income by the entity’s applicable statutory
rate, on an annual basis. Additionally, the amendments in this ASU require an entity to disclose the amount of income taxes paid (net
of refunds received) disaggregated by federal, state, and foreign taxes and the amount of income taxes paid (net of refunds received)
disaggregated by individual jurisdictions that are equal to or greater than five percent of total income taxes paid (net of refunds received).
Lastly, the amendments in this ASU require an entity to disclose income (or loss) from continuing operations before income tax expense
(or benefit) disaggregated between domestic and foreign and income tax expense (or benefit) from continuing operations disaggregated
by federal, state, and foreign. This ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted.
The amendments should be applied on a prospective basis; however, retrospective application is permitted. The adoption of ASU 2023-09
is not expected to have a material impact on the Company’s financial statements.

Net
Loss Per Common Share

Net
loss per share is provided in accordance with FASB ASC 260-10, “Earnings per Share”. Basic net loss per common share (“EPS”)
is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period.
Diluted earnings per share is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential
common shares were issued, unless doing so is anti-dilutive. The weighted-average number of common shares outstanding for computing basic