Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 831

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 831
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 therefore the impact from current
    situation is very limited.

    F-7

MY
SIZE, INC. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

NOTE
1 - GENERAL (Cont.)

    c.
    On
                                            July 25, 2016, the Company’s common stock began publicly trading on the Nasdaq Capital
                                            Market under the symbol “MYSZ”.
     
    From
    September 1, 2005 to March 27, 2024, the Company’s common stock was traded on the Tel Aviv Stock Exchange.

    d.
    Since
    inception, the Company has incurred significant losses and negative cash flows from operations and has an accumulated deficit of
    $63,876. The Company has financed its operations mainly through fundraising from various investors.

The
Company’s management expects that the Company will continue to generate losses and negative cash flows from operations for the
foreseeable future. Based on the projected cash flows and cash balances as of the date of these financial statements, management is
of the opinion that there is an uncertainty that its existing cash will be sufficient to fund operations for a period of more than
12 months. As a result, there is substantial doubt about the Company’s ability to continue as a going concern.

Management’s
plans include the continued commercialization of the Company’s products and acquisition of technology, intellectual property or
businesses and securing sufficient financing through the sale of additional equity securities, debt or capital inflows from strategic
partnerships. Additional funds may not be available when the Company needs them, on terms that are acceptable to it, or at all. If the
Company is unsuccessful in commercializing its products and securing sufficient financing, it may need to cease operations.

The financial statements include no adjustments for measurement or presentation of assets and liabilities, which may be required should
the Company fail to operate as a going concern.

NOTE
2 - SIGNIFICANT ACCOUNTING POLICIES

The
consolidated financial statements are prepared according to United States generally accepted accounting principles (“U.S. GAAP”),
applied on a consistent basis, as follows:

a.
Use of estimates:

The
preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that
affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from