Company: MYSZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024073
Chunk: 107

Company: My Size, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 107
---
 offering price of up to $4.1 million. We agreed to pay Wainwright a commission at a fixed rate of 3.0% of the aggregate
gross proceeds from each sale of the shares under the Offering Agreement. As of June 30, 2025 and from June 30, 2025 through the
date hereof, we sold 1,052,917 shares and 153,783 shares, respectively, pursuant to the Offering Agreement for aggregate gross
proceeds of approximately $2,201,000 and $295,000 respectively.

Cash
used in operating activities amounted to $2,306,000 for the six months ended June 30, 2025, compared to $2,076,000 for the six months
ended June 30, 2024. The increase in cash used in operating activity is derived mainly from the increase in inventory and customers, offsetting the decrease in net loss.

Net
cash used by investing activities was $54,000 for the six months ended June 30, 2025, compared to the $60,000 cash provided for the six
months ended June 30, 2024.

Net
cash provided by financing activities was $1,890,000 for the six months ended June 30, 2025, compared to $2,961,000 for the six months
ended June 30, 2024. The cash flow from financing activities for the six months ended June 30, 2025 resulted from the issuance of shares
during the period.

We
expect that we 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 June 30, 2025, we believe our existing cash will not be sufficient to fund operations for a period
of more than 12 months. As a result, there is substantial doubt about our ability to continue as a going concern. We will need to raise
additional capital, which may not be available on reasonable terms or at all. Additional capital would be used to accomplish the following:

    ●
    finance
    our current operating expenses;

    ●
    pursue
    growth opportunities;

    ●
    hire
    and retain qualified management and key employees;

    ●
    respond
    to competitive pressures;

    ●
    comply
    with regulatory requirements; and

    ●
    maintain
    compliance with applicable laws.

Current
conditions in the capital markets