Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 53

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 53
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 an utmost important entity level control over the financial reporting process.

Insufficient Documentation of Review Procedures
We employ policies and procedures for reconciliation of the financial statements and note disclosures.

Insufficient Information Technology Procedures.
Management has not established methodical and consistent data back-up procedures to ensure loss of data will not occur.

As a result of the management evaluation of company
internal control over financial reporting described above, the Company’s management has concluded that, as of December 31, 2024,
the Company’s internal control over financial reporting was not based on the criteria in Internal Control – Integrated Framework
issued by COSO.

This Annual Report does not include an attestation
report of our independent registered public accounting firm regarding internal control over financial reporting. We were not required
to have, nor have we, engaged our independent registered public accounting firm to perform an audit of internal control over financial
reporting pursuant to the rules of the Securities and Exchange Commission that permit us to provide only management’s report in
this Annual Report.

Changes in Internal Control Over Financial
Reporting

As of the end of the period covered by this report,
there have been no changes in internal control over financial reporting (as defined in Rule 13a-15(f) of the Exchange Act) during the
year ended December 31, 2024, that materially affected, or are reasonably likely to materially affect, the Company’s internal control
over financial reporting.

Item 9B. Other Information.

During the quarter ended December 31, 2024, no
director or officer adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as each term is
defined in Item 408(a) of Regulation S-K.

Item 9C. Disclosure Regarding Foreign Jurisdictions
that Prevent Inspections.

Not applicable.

 13 

PART III

Item 10. Directors, Executive Officers and
Corporate Governance.

The following table sets forth the name and age
of officers and director as of the date hereof. Our executive officers are elected annually by our board of directors. Our executive officers
hold their offices until they resign, are removed by the Board, or his successor is elected and qualified.

    Name
     
    Age
     
    Title
  
    Shmuel Yannay
     
    45
     
    Director
  
    Abraham Stern
     
    50
     
    Director
  
    Uri Ben-Or
     
    53