Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 199

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 199
---
 the foregoing, our net loss for the year ended December 31, 2024 was $3,995,000 compared to net loss of $6,380,000 for the
year ended December 31, 2023. The decrease in net loss was mainly due to the reasons mentioned above.

Liquidity
and Capital Resources

Since
our inception, we have funded our operations primarily through public and private offerings of debt and equity in Israel and in the U.S.

As
of December 31, 2024, we had cash, cash equivalents and restricted cash of $4,880,000 compared to $2,264,000 cash, cash equivalents,
restricted cash as of December 31, 2023. This increase primarily resulted from the warrant repricing
transaction that was completed in May 2024 and proceeds from warrants that were exercised in December 2024, offset by payments that
were made to suppliers, resources that were deployed to grow our businesses and payments related to the Orgad acquisition.

In
January 2025, we entered into an At The Market Offering Agreement, (the “Offering Agreement”)
with ith H.C. Wainwright & Co., LLC, as agent (“Wainwright”) pursuant to
which we may offer and sell, from time to time through Wainwright shares of our common stock having an aggregate 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 the date hereof, we sold 60,589 shares pursuant to the Offering Agreement for aggregate
gross proceeds of approximately $142,000.

Net
cash used in operating activities was $3,092,000 for the year ended December 31, 2024 compared to $6,106,000 for the year ended December
31, 2023. The decrease in cash used in operating activity is derived mainly from decrease in the net loss, change in inventory offset by change in account receivables.

Net
cash flow from investing activities was $53,000 for the year ended December 31, 2024 compared to net cash provided by investing activities
of $7,000 for the year ended December 31, 2023. The net cash provided by investing activities for the year ended December 31, 2024 was
mainly from proceeds from short term deposits and