Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 507

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 507
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     30,000  
     30,000 
  
    October 31, 2027 
     5.98  
     17,000  
     17,000 
  
    December 31, 2028 
     0.62  
     50,000  
     50,000 
  
    September 30, 2030 
     4.40  
     278,333  
     318,333 
  
    September 30, 2030 
     4.84  
     380,000  
     380,000 

     1,293,833  
     1,508,833 

We
recorded stock compensation expense relating to the vesting of stock options and warrants as follows for the years ended December 31,

 SCHEDULE OF STOCK COMPENSATION EXPENSE

    2024  
    2023 
  
    In thousands 

    Stock Compensation 
    $291  
    $273 
  
    Stock Option vesting 
     71  
     1,682 
  
    Total 
    $362  
    $1,955 

NOTE
15 – RELATED PARTY TRANSACTIONS

In
February 2020 we amended the consulting agreement with Mr. Carlos J. Nissensohn a/k/a Haim Nissensohn, a principal shareholder of the Company and a
family member of a former director and former officer of the Company. 

This
Agreement with Mr. Nissensohn was terminated in February 11, 2025 with effective May 11, 2025 date. As of December 31, 2024, the Company
has accrued $60,000 towards amounts owed under this contract.

As
of January 1, 2024, the Company’s subsidiary Dangot Computers, Ltd. entered into a service agreement with the Company’s CEO,
Shai Lustgarten for his role as director and Chairman of the Board of Directors of Dangot Computers. The consideration for this is NIS
25,000 per month (approx. $6,800 USD). The Agreement allows for termination by either party without cause with 90 days written notice.

Haim Dangot, the founder of Dangot Computers, Ltd
and former shareholder of Dangot Computers Ltd., previously was employed with the company on a month to month basis for USD