Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 1336

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 1336
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000 was recorded for year ended December 31, 2024, compared to $671,000 recorded in impairment of goodwill
for year ended December 31, 2023 for the same reason.

Operating
Loss

As
a result of the foregoing, for the year ended December 31, 2024, our operating loss was $3,944,000, a decrease of $2,797,000 or 41.5%,
compared to our operating loss for the year ended December 31, 2023 of $6,741,000.

42

Financial
(Expenses) Income, Net

Our
financial expenses, net for the year ended December 31, 2024 amounted to $51,000 compared to financial income of, $99,000 for the year
ended December 31, 2023. In 2024, we had financial expenses exchange rate differences offset by an income from fair value revaluation
of investment in marketable securities whereas in 2023 we had financial income from the fair value revaluation of warrants offset by
expenses from exchange rate differences and expenses from fair value revaluation of investment in marketable securities.

Net
Loss

As
a result of the foregoing, our net loss for the year ended December 31, 2024 was $3,995,000 compared to net loss of $6,380,000 for the
year ended December 31, 2023. The decrease in net loss was mainly due to the reasons mentioned above.

Liquidity
and Capital Resources

Since
our inception, we have funded our operations primarily through public and private offerings of debt and equity in Israel and in the U.S.

As
of December 31, 2024, we had cash, cash equivalents and restricted cash of $4,880,000 compared to $2,264,000 cash, cash equivalents,
restricted cash as of December 31, 2023. This increase primarily resulted from the warrant repricing
transaction that was completed in May 2024 and proceeds from warrants that were exercised in December 2024, offset by payments that
were made to suppliers, resources that were deployed to grow our businesses and payments related to the Orgad acquisition.

In
January 2025, we entered into an At The Market Offering Agreement, (the “Offering Agreement”)
with ith H.C. Wainwright & Co., LLC, as agent (“Wainwright”) pursuant to
which we may offer