Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 1

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1
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 escalate certain cybersecurity incidents to members
of management depending on the circumstances, including our Chief Executive Officer. In addition, the Company’s incident response
and vulnerability management policies include reporting to the audit committee of the board of directors for certain cybersecurity incidents
including significant breaches to the Company’s networks or systems. The audit committee receives regular reports from the information
technology team concerning the Company’s significant cybersecurity threats and risk and the processes the Company has implemented
to address them. The audit committee also has access to various reports, summaries or presentations related to cybersecurity threats,
risk and mitigation.

8

ITEM
2. PROPERTIES

OMNIQ’s
corporate offices are currently located at 1865 West 2100 South, Salt Lake City, UT 84119. Our executive management, sales, operations,
accounting, and administrative functions are located at the corporate offices. The corporate office annual lease expense is $284 thousand.
The space is under a five-year lease and expires June 2026.

We
lease office and warehouse space for our satellite sales and technical support staff in Anaheim, California. Signed a new lease March
2023 and annual lease expense is $46 thousand.

Dangot’s
corporate offices are currently located at Yad Harutzim 14 Tel-Aviv, Israel. The main corporate office, Yad Harutzim 14, serves as the
company’s main building on the 2nd and 3rd floors, used by the management and most of the sales staff, technicians, etc. The corporate
office annual lease expense is NIS 720,000. The space is under a 12 month lease which expires December 2025.

We
lease office space (Gamdan- 1st floor) for our finance and service department at Yad Harutzim 14 Tel-Aviv, Israel. The lease provides
for monthly payments of NIS 18,840. As of December 31, 2024, the Company had 12 months remaining on the lease.

We
lease office and warehouse space for our products and technical support staff at Rival Street, Tel-Aviv, Israel. The lease provides for
monthly payments of NIS 58,000. The space is under a six and half year lease and expires June 2025.

ITEM
3. LEGAL PROCEEDINGS

The
Company was named a defendant in a case involving a former employee who claims he is owed approximately $60 thousand in unpaid commissions.
This case was settled in February