Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 671

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 671
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,344,833  
     1,471,407 
  
    Warrants
    to purchase common stock 
     759,235  
     1,606,734 
  
    Potential
    shares excluded from diluted net loss per share 
     2,104,068  
     3,078,141 

    F-13

Recently
adopted accounting pronouncements

In
November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No.
2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires retrospective disclosure of significant
segment expenses and other segment items on an annual and interim basis. Additionally, it requires disclosure of the title and position
of the Chief Operating Decision Maker (“CODM”). This ASU will be effective for the Company’s fiscal December 31, 2024
year-end and interim periods beginning in fiscal 2025, with early adoption permitted. Our CODM is Shai Lustgarten, our CEO. See Note
18 – Operating Segments for required disclosures.

Recent
Accounting Pronouncements not yet adopted

In
December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires an annual
tabular effective tax rate reconciliation disclosure including information for specified categories and jurisdiction levels, as well
as, disclosure of income taxes paid, net of refunds received, disaggregated by federal, state/local, and significant foreign jurisdiction.
This ASU will be effective for the Company’s fiscal December 31, 2025 year-end, with early adoption permitted. We are assessing
the impact of this guidance on our disclosures; it will not have an impact on our results of operations, cash flows, or financial condition.

In
November 2024, the FASB issued ASU 2024-03 “Income Statement: Reporting Comprehensive Income-Expense Disaggregation Disclosures
(Subtopic 220-40)” to improve the disclosures about an entity’s expenses. Upon adoption, we will be required to disclose
in the notes to the financial statements a disaggregation of certain expense categories included within the expense captions on the face
of the income statement. The standard is effective for our 2027 annual period, and our interim periods beginning in 2028, with early
adoption permitted. The standard can be