Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 337

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 337
---

carry-forward losses amounting to approximately $9,763, and Saffron Tech’s carry-forward losses amounting to approximately $2,110,
which can be carried forward for an indefinite period.

     F-27 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

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

NOTE 7:-
FINANCIAL INCOME (EXPENSES), NET

     Schedule of financial income (expenses), net 

    Year ended  
    Year ended 

    December 31,  
    December 31, 

    2024  
    2023 
  
    Bank interest and commissions 
    $–  
    $(7)
  
    Interest income on deposits 
     3  
     14 
  
    Financial Income (expenses) related to revaluation of convertible component in convertible loans 
     (60) 
     441 
  
    Financial expenses related to interest, revaluation of warrants and leases 
     –  
     (175)
  
    Foreign currency transactions and other 
     (8) 
     (45)

     Financial income (expenses), net 
    $(65) 
    $228 

    NOTE 8:-
    LIENS, COMMITMENTS

    a.
    Saffron leases its
    facilities on leases that expired on December
    15, 2024. Lease payments are approximately $5 per month ($60 annually).
    Saffron has the
    option to extend the lease period for two additional option periods of 12 months each (first option from 16.12.2024 to 15.12.2025
    and second option from 16.12.2025 to 15.12.2026). Saffron did not extend the lease for a set amount of time but rather pay for each month they use the facilities.

    b.
    Saffron Tech is committed to pay royalties to the IIA on the proceeds from sales of products resulting from research and development projects in which the IIA participates by way of grants. In the first 3 years of sales the Company shall pay 3% of the sales of the product which was developed under IIA research and development projects. In the fourth, fifth and sixth years of sales, the Company shall pay 4% of such sales and from the seventh year onwards the Company