Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 165

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 165
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 in the 2018 Plan. Upon request by the Company, each grantee shall execute any agreement evidencing such transfer restrictions
prior to the receipt of shares hereunder and the Company may place appropriate legends evidencing any such transfer restrictions on the
relevant share certificates.

A summary of RSU activity during the
years ended December 31, 2024, and 2023, is as follows:

     Schedule of RSU activity 

    Number 

    RSU outstanding at January 1, 2023 
     536,000 
  
    Granted  
     – 
  
    Forfeited 
     (5,000)

    RSU’s outstanding at December 31, 2023 
     531,000 
  
    Forfeited 
     – 

    RSU’s exercisable at December 31, 2024 
     531,000 

     F-26 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

U.S. dollars in thousands, except per share
data

    NOTE 6:-
    TAXES ON INCOME

The Company’s subsidiaries are
separately taxed under the domestic tax laws of the jurisdiction of incorporation of each entity.

    a.
    Corporate tax rates in U.S.:

On December 22, 2017, the U.S. Tax Cuts
and Jobs Act (“the TCJA”) was signed into law, permanently lowering the corporate federal income tax rate from 35% to 21%,
effective January 1, 2018. The company is subject to U.S. income tax laws. There are no significant provisions for U.S. federal, state
or other taxes for any period.

    b.
    Corporate tax rates in Israel:

The Israeli statutory corporate tax
rate and real capital gains were 23% in 2023-2024.

    c.
    Deferred income taxes:

Deferred income taxes reflect the net
tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts
used for income tax purposes. Significant components of the Company’s deferred tax assets are as follows:

    Schedule of deferred tax assets 

    December 31, 

    2024  
    2023 
  
    Deferred tax assets: 

    Carry forward tax losses 
    $2,110  
    $1,863 

    Net deferred tax asset before valuation allowance