Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 142

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 142
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 of $23,608 as of December 31, 2024, the Company has negative operating cash flow in the total amount of $488 for the year ended December 31, 2024, further losses are anticipated in the development of its business. Those factors raise substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due.

The Company intends to finance operating
costs over the next twelve months with existing cash on hand, reducing operating spend, and future issuances of equity and debt securities,
or through a combination of the foregoing. However, the Company will need to seek additional sources of financing if the Company requires
more funds than anticipated during the next 12 months or in later periods.

     F-8 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

U.S. dollars in thousands, except per share data

    NOTE 1:-
    GENERAL (Cont.)

The accompanying consolidated financial
statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and
liabilities and commitments in the normal course of business.

The consolidated financial statements
for the year ended December 31, 2024, do not include any adjustments to reflect the possible future effects on the recoverability
and classification of assets or the amounts and classification of liabilities that may result from uncertainty related to the Company’s
ability to continue as a going concern.

    NOTE 2:-
    SIGNIFICANT ACCOUNTING POLICIES

The consolidated financial statements
have been prepared in accordance with U.S. Generally Accepted Accounting Principles in the United States of America.

    a.
    Use of estimates:

The preparation of the financial statements
in conformity with GAAP requires management to make estimates, judgments and assumptions. The Company’s management believes that
the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates,
judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities
at the dates of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ
from those estimates.

    b.
    Financial statements in U.S. dollars:

The costs of the Company are denominated
in United States dollars (“dollars”). Some of the costs in our