Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 1361

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 1361
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 Reportable Segment Disclosures, This guidance
    expands public entities’ segment disclosures primarily by requiring disclosure of significant segment expenses that are regularly
    provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and
    description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and
    assets which updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment
    expenses. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal
    years beginning after December 15, 2024. The amendments were applied retrospectively to all prior
    periods presented in the financial statements. the Company adopted ASU 2023-07 in 2024, see
Note 16—Segment Reporting. 

v.
Recently issued not yet adopted accounting pronouncements

 1.In March 2024, the SEC adopted new rules relating to the disclosure of a range of climate-change-related physical and transition risks,
data, and opportunities. The adopted rule contains several new disclosure obligations, including, (i) disclosure on how the board of directors
and management oversee climate-related risks and certain climate-related governance items, (ii) disclosure of information related to a
registrant’s climate-related targets, goals, and/or transition plans, and (iii) disclosure on whether and how climate-related events
and transition activities impact line items above a threshold amount on a registrant’s consolidate financial statements, including
the impact of the financial estimates and the assumptions used. This new rule will be effective in the Company’s annual disclosures
starting from the year ending December 31, 2027. The Company is in the process of assessing the impact on its consolidated financial statements
and disclosures.

2.In
                                            November 2024, the FASB issued ASU No. 2024-03 Income Statement—Reporting Comprehensive
                                            Income—Expense Disaggregation Disclosures (Subtopic 220-40). The ASU improves the disclosures
                                            about a public business entity’s expenses and provides more detailed information about
                                            the types of expenses in commonly presented expense captions. The amendments require that
                                            at each interim and annual reporting period an entity will, inter alia, disclose amounts
                                            of purchases of inventory, employee compensation, depreciation and amortization included
                                            in each relevant expense caption (such as cost of sales, SG&A and research and development).
                                            The ASU