Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 677

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 677
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 unobservable and significant to the overall fair value measurement.

The
Company holds shares in iMine Corporation (“iMine”) formerly known as Diamante Minerals, Inc., a publicly-traded
company on the OTCQB.

Due
to sales restrictions on the sale of the iMine shares, the fair value of the shares was measured on the basis of the quoted market price
for an otherwise identical unrestricted equity instrument of the same issuer that trades in a public market, adjusted to reflect the
effect of the sales restrictions and is therefore, ranked as Level 2 asset.

o.
Basic and diluted net loss per share:

Basic
net loss per share is computed based on the weighted average number of shares of common stock outstanding during each year. Diluted net
income per share is computed based on the weighted average number of shares of common stock outstanding during each year plus dilutive
potential equivalent common stock considered outstanding during the year, in accordance with ASC 260, “Earnings per Share”.
For the years ended December 31, 2024 and 2023, all outstanding options and warrants have been excluded from the calculation of the diluted
net loss per share since their effect was anti-dilutive.

p.
Concentrations of credit risk:

Financial
instruments that potentially subject the Company and its subsidiaries to concentrations of credit risk consist principally of cash and
cash equivalents.

Cash
and cash equivalents are invested in banks in Israel, Spain and United States. Such deposits in Israel may be in excess of insured limits
and are not insured in other jurisdictions. Management believes that the financial institutions that hold the Company’s investments
are financially sound and, accordingly, minimal credit risk exists with respect to these investments.

The
Company and its subsidiaries have no off-balance-sheet concentration of credit risk such as foreign exchange contracts, option contracts
or other foreign hedging arrangements.

    F-12

MY
SIZE, INC. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

NOTE
2 - SIGNIFICANT ACCOUNTING POLICIES (Cont.)

q.
Revenue Recognition:

The
Company’s revenues are comprised of two main categories: (1) selling products to customers, and (2) licensing cloud-enabled software
subscriptions, associated software maintenance and support.

The
Company recognizes revenue in accordance with ASC Topic 606, Revenues from Contracts with Customers (“ASC 606”). A contract