Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 134

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 134
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 the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Going Concern

The accompanying financial statements have been
prepared to assume that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, as of December
31, 2024, The Company suffered losses from operations in all years since inception, has a negative working capital and further losses
are anticipated in the development of its business. These and other factors raise substantial doubt about the Company’s ability
to continue as a going concern. Management’s plan regarding these matters is also described in Note 1 to the financial statements.
The financial statements do not include any adjustments that might result from the outcome of this uncertainty. This matter is also described
in the “Critical Audit Matters” section of our report.

Critical Audit Matters

The critical audit matters communicated below
are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to
the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our
especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion
on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions
on the critical audit matters or on the accounts or disclosures to which they relate.

 F-2 

Going concern- refer to note 1 of the financial
statements

Critical audit matter description

The Company raised substantial doubt about
the entity’s ability to continue as a going concern for a reasonable period of time. The financial statements for the years
under audit have been prepared to assume that the Company will continue as a going concern, which contemplates the realization of
assets and satisfaction of liabilities in the normal course of business. We have identified the Going Concern as a critical audit
matter because of the significant estimates and assumptions made by management. This required a high degree of auditor judgment and
an increased extent of effort when performing audit procedures to evaluate the reasonableness of the Company’s assessment of
Going Concern. See the explanatory paragraph of the opinion paragraph.

How the Critical Audit Matter was addressed in
our Audit

The primary procedures we performed to address
this critical audit matter included the following: (i)