Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 384

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 384
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    Share price 
    $0.86 
  
    Dividend yield 
     0% 
  
    Risk-free interest rate 
     0.21% 
  
    Expected term (in years) 
     5 
  
    Volatility 
     176.96% 

The Company accounted for the August
2020 Loan in accordance with ASC 470-20, Debt with conversion and other Options. The combined intrinsic value of the BCF for the August
2020 Loan was calculated and valued at $249 as of August 7, 2020, and the Company allocated $58 to the BCF as a liability. As of December
31, 2024, the BCF was revalued at $138 ($190 as of December 31, 2023).

     F-19 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

U.S. dollars in thousands, except per share
data

    NOTE 3:-
    CONVERTIBLE LOANS (Cont.)

The Company used an independent appraiser
to estimate the fair value of BCF which used the Monte Carlo option pricing model using the following weighted average assumptions:

     Schedule of assumptions used for valuation 

    August 7, 2020  
    December 31, 2024  
    December 31, 2023 
  
    Share price 
    $0.80  
    $0.13  
    $0.16 
  
    Dividend yield 
     0%  
     0%  
     0% 
  
    Risk-free interest rate 
     0.13%  
     4.37%  
     5.26% 
  
    Expected term (in years) 
     2  
     0.25  
     0.50 
  
    Volatility 
     163.31%  
     69.59%  
     54.14% 

During the year ended December 31, 2024
and 2023, the Company recorded interest expenses related to the Loan in the amount of $21 and $20.

    d.
    On July 31, 2020, the Company received a convertible loan from Mr. Shmuel Yannay (a third party at that time, and a director of the Company as of October 28, 2021) in the