Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 416

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 416
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 the
year ended December 31, 2023, was $1,019 thousand as compared to $1,122 thousand for the year ended December 31, 2022. Cash provided in
2023 was from issuance of shares to minority interests of $1,273 thousand, offset in part by repayment of convertible loans in the amount
of $126 thousand, repayment of short term loan of $114 thousand and lease payments of $14 thousand. Cash provided in 2022 was from the
receipt of $114 in short term loans and $1,308 from issuance of shares to minority interests, offset in part by repayment of convertible
loans in the amount of $278 thousand.

 10 

Off Balance Sheet Arrangements

The Company has no off-balance sheet arrangements
that have or are reasonably likely to have a current or future effect or change on the Company’s financial condition, revenues or
expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance
sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated
with the Company is a party, under which the Company has (i) any obligation arising under a guarantee contract, derivative instrument
or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves
as credit, liquidity or market risk support for such assets. We had no outstanding derivative financial instruments, off-balance sheet
guarantees, interest rate swap transactions or foreign currency contracts. We do not engage in trading activities involving non-exchange
traded contracts.

Recently Issued Accounting Pronouncements

For information with respect to recent accounting
pronouncements, see Note 2 to the audited consolidated financial statements of SATIVUS TECH CORP. included elsewhere in this Form 10-K

Critical Accounting Policies

Our discussion and analysis of the financial condition
and results of operations are based upon the Company’s financial statements, which have been prepared in accordance with generally
accepted accounting principles in the United States (“GAAP”). The preparation of these financial statements requires us to
make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of
contingent assets and liabilities. We believe that the estimates, assumptions and judgments involved in the accounting policies described
below have the greatest potential impact on our financial statements, so we consider these to be our critical accounting policies.