Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 1218

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 1218
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 have
a significant risk of resulting in a material adjustment to carrying amounts of assets and liabilities in the next financial year are
included in the following units reporting:

Estimated
impairment of non-financial assets

The
Company examines on an annual basis whether there is an impairment of goodwill, intangibles and property, plant and equipment that are
allocated to reporting units, in accordance with the accounting policy presented in Note 1 (h) below. The fair value calculations of
reporting units require the use of estimates.

For
information on key assumptions used in calculation of the fair value, see NOTE 7 – Goodwill and other Intangible assets.

b.
Functional currency:

The
currency of the primary economic environment in which the operations of the Company is conducted is the U.S. Dollar and thus
it is the Company’s functional currency. The reporting currency according to which these financial statements are prepared is the
U.S. dollar.

The
currency of the primary economic environment in which the operation of the subsidiaries, My Size Israel and Orgad International Marketing
Ltd. functional currency is the New Israeli Shekel (“NIS”).

The
currency of the primary economic environment in which the operation of the subsidiary, My Size LLC, functional currency is the
Russian Ruble.

The
currency of the primary economic environment in which the operation of the subsidiary, Naiz fit, functional currency is the
Euro.

    F-8

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.)

c.
Principles of consolidation:

The
consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and
transactions have been eliminated upon consolidation.

d.
Cash equivalents:

Cash
equivalents are short-term highly liquid investments that are readily convertible to cash with original maturities of three months or
less at the date acquired.

e.
Restricted cash

Restricted
cash are deposits for rent, credit card and for hedging activities.

f.
Inventories:

Inventories
are measured at the lower of cost or net realizable value. The cost of inventories comprises of the costs incurred in bringing the inventories
to their present location and condition. Net realizable value is the estimated selling price in the ordinary course of business.