Company: SATT
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001683168-25-006219
Chunk: 38

Company: SATIVUS TECH CORP.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 2
Chunk 38
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 30, 2024

Operating Expenses

Research and development expenses for the six
months ended June 30, 2025, were $328 thousand compared to $324 thousand for the same period in 2024.

General and administrative (“G&A”)
expenses for the six months ended June 30, 2025, were $145 thousand compared to $132 thousand for the same period in 2024.

Total financial expenses for the six months ended
June 30, 2025, was $47 compared to $2,345 thousand for the same period in 2024. Financial expenses is due mostly to financial expenses
related to revaluations of the convertible component in convertible loans.

Three months ended June 30, 2025 compared
to the three months ended June 30, 2024

Operating Expenses

Research and development expenses for the three
months ended June 30, 2025, were $122 thousand compared to $198 thousand for the same period in 2024.

General and administrative (“G&A”)
expenses for the three months ended June 30, 2025, were $91 thousand compared to $43 thousand for the same period in 2024.

Total financial expenses for the three months
ended June 30, 2025, was $209 compared to $2,548 thousand for the same period in 2024. Financial expenses is due mostly to financial gains
related to revaluations of the convertible component in convertible loans.

Liquidity and Capital Resources

Overview

Since inception on January 16, 2015, the
Company has a cumulative deficit of $23,941 thousand and a working capital deficit of $3,499 thousand as of June 30, 2025. Our future
growth is dependent upon achieving further purchase orders and execution, management of operating expenses and ability of the Company
to obtain the necessary financing to fund future obligations, and upon profitable operations.

Historically, we have financed our cash flow and
operations from the initial contribution of our majority shareholder and by raising equity and convertible loans.

We had a negative working capital of $3,499 thousand
and $3,097 thousand as of June 30, 2025, and December 31, 2024, respectively.

During the six months ended June 30, 2025, we
had negative cash flow from operations of $86 thousand which was mainly the result of a net loss of $520 thousand, and financial gains
from re