Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 833

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 833
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 inventories
to their present location and condition. Net realizable value is the estimated selling price in the ordinary course of business. At the
point of the loss recognition, a new, lower-cost basis for that inventory is established, and subsequent changes in facts and circumstances
do not result in the restoration or increase in that newly established cost basis. The costs of purchase of inventories comprise the
purchase price and other costs directly attributable to the acquisition of finished goods. Net realizable value is the estimated selling
price in the ordinary course of business. At the point of the loss recognition, a new, lower-cost basis for that inventory is established,
and subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established cost basis.
In 2024 and 2023, the company recorded an inventory mark-down of $30 and $39 respectively.

g.
Property and equipment:

Property
and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated by the straight-line method over the estimated
useful lives of the assets, at the following annual rates:

SCHEDULE
OF PROPERTY AND EQUIPMENT ANNUAL RATE

    %

    Computers and peripheral equipment 
     33 
  
    Office furniture and equipment 
     7-20 
  
    Leasehold improvements 
     Over the term of the lease or the useful life of the improvements, whichever is shorter 

h.
Impairment of long-lived assets:

The
Company’s property and equipment are reviewed for impairment in accordance with ASC 360, “Property Plant and Equipment”,
whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets
to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to
be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by
which the carrying amount of the assets exceeds the fair value of the assets.

    F-9

MY
SIZE, INC. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

U.S.
dollars in thousands (except share data and per share data)

NOTE
2 - SIGNIFICANT ACCOUNTING POLICIES (Cont.)

i.
Goodwill:

Goodwill
represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired