Company: SATT
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001683168-25-006219
Chunk: 12

Company: SATIVUS TECH CORP.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 12
---
x) such Conversion Amount by (y) the fixed conversion price of $12.50 or (z) 80% of the lowest the volume-weighted average
price of the Company’s ordinary shares during the 10 trading days immediately preceding the conversion date.

The Company accounted for the October
2019 Loan in accordance with ASC 470-20, Debt with conversion and other Options. As of June 30, 2025, the BCF was revalued at $445.

On January 26, 2022, the Company paid
accrued interest of the October 2019 Loan in the amount of $55.

On December 20, 2022, the Company paid
accrued interest of the October 2019 Loan in the amount of $100, and the October 2019 Loan agreement as extended until June 30, 2023.

     F-11 

    SATIVUS TECH CORP.
  
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
  
    U.S. dollars in thousands

    NOTE 3:-
    CONVERTIBLE LOANS (cont.)

On January 2023, the Company paid accrued
interest of the October 2019 Loan in the amount of $100.

On November 1, 2024, the loan
agreement was extended until March
31, 2025.

The October 2019 Loan is included in the
convertible loans in current liabilities as of June 30, 2025, in the amount of $1,473.

The Company accounted for the February
2019 Loan in accordance with ASC 470-20, Debt with conversion and other Options. The value of the BCF for the February 2019 Loan was calculated
using Monte Carlo model. As of June 30, 2025 the Company allocated $445 to the BCF as a liability ($430 as of December 31, 2024).

As of December 31, 2024, The Company used
an independent appraiser to estimate the fair value of BCF which used the Monte Carlo option pricing model using the following weighted
average assumptions:

    Schedule of assumptions used for valuation 

    December 31, 2024 
  
    Share price 
    $0.13 
  
    Dividend yield 
     0% 
  
    Risk-free interest rate 
     4.37% 
  
    Expected term (in years