Company: MYSZ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023456
Chunk: 2

Company: My Size, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 2
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i) a voting agreement with the
Company and (ii) customary six-month lock up agreements with the Company.

    7

MY
SIZE, INC. AND ITS SUBSIDIARIES

Notes
to Condensed Consolidated Interim Financial Statements (Unaudited)

U.S.
dollars in thousands (except share data and per share data)

Note
1 - General (Cont.)

    b.
    Since
                                            inception, the Company has incurred significant losses and negative cash flows from operations
                                            and has an accumulated deficit of $66,721.
     
    The
    Company has financed its operations mainly through fundraising from various investors.
     
    The
    Company’s management expects that the Company 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 the date of these financial statements, management
    is of the opinion that there is an uncertainty that its existing cash will be sufficient to fund operations for a period of more
    than 12 months. As a result, there is substantial doubt about the Company’s ability to continue as a going concern.
     
    Management’s
    plans include the continued commercialization of the Company’s products and acquisition of technology, intellectual property
    or businesses and securing sufficient financing through the sale of additional equity securities, debt or capital inflows from strategic
    partnerships. Management is actively looking for additional technology and commercial opportunities that will increase the company’s
    cashflow. The Company has sold additional securities for $2,846 see note 9. Additional funds may not be available when the
    Company needs them, on terms that are acceptable to it, or at all. If the Company is unsuccessful in commercializing its products
    and securing sufficient financing, it may need to cease operations.
     
    The
    financial statements include no adjustments for measurement or presentation of assets and liabilities, which may be required should
    the Company fail to operate as a going concern.

    c.
    In
                                            October 2023, Israel was attacked by the Hamas terrorist organization and entered a state
                                            of war on several fronts. In June 2025, following escalating threats and intelligence reports
                                            of imminent attacks, Israel conducted preemptive strikes on military and nuclear infrastructure
                                            in Iran. Iran responded with drones and missiles attacks, some of which caused civilian casualties
                                            and infrastructure damage. After 12 days of hostilities, a ceasefire between Israel and Iran