Company: MYSZ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023456
Chunk: 4

Company: My Size, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 4
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 America (“GAAP”) for interim financial information
    and in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”). The
    unaudited condensed consolidated financial statements are comprised of the financial statements of the Company. In management’s
    opinion, the interim financial data presented includes all adjustments necessary for a fair presentation. All intercompany accounts
    and transactions have been eliminated. Operating results for the nine months ended September 30, 2025 not necessarily indicative
    of the results that may be expected for any future period or for the year ending December 31, 2025.

    These
    unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated
    financial statements and the notes thereto for the year ended December 31, 2024.

    b.
    Recently
    accounting standard that have not yet been adopted.

    In
    July 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Updates (“ASU”)
    2025-05 “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract
    Assets”. The ASU introduces a practical expedient for all entities when estimating expected credit losses for current accounts
    receivable and current contract assets arising from transactions accounted for under ASC 606. Under the practical expedient, when
    developing reasonable and supportable forecast as part of estimating expected credit losses, an entity may assume that current conditions
    as of the balance sheet date do not change for the remining life of the asset. The ASU is effective for annual reporting period beginning
    after December 15, 2025 and interim reporting within those annual reporting periods. Early adoption is permitted in both interim
    and annual reporting periods. The Company is evaluating the impact of ASU 2025-05 on its consolidated financial statements if it
    elects to apply the practical expedient.

    In September 2025, the FASB issued ASU 2025-07 “Derivatives
Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract”. The ASU
excludes from the derivative accounting certain non-exchange-traded contracts with contracts with underlyings that are based on operations
or activities specific to one of the parties to the contract. Further, the ASU clarifies that an entity should apply the guidance in