Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 324

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 324
---
 2024, the loan
agreement was extended until March
31, 2025.

The February 2019 Loan is included in
the convertible loans in current liabilities as of December 31, 2024, in the amount of $392, and $361 as of December 31, 2023.

The Company accounted for the February
2019 Loan in accordance with ASC 470-20, Debt with conversion and other Options. The value of the BCF for the February 2019 Loan was calculated
using Monte Carlo model. As of December 31, 2024 the Company allocated $144 to the BCF as a liability ($125 as of December 31, 2023).

The Company used an independent appraiser
to estimate the fair value of BCF which used the Monte Carlo option pricing model using the following weighted average assumptions:

    Schedule of assumptions
    used for  valuation 

    December 31, 2024  
    December 31, 2023 
  
    Share price 
    $0.13  
    $0.16 
  
    Dividend yield 
     0  
     0% 
  
    Risk-free interest rate 
     4.37%  
     5.26% 
  
    Expected term (in years) 
     0.25  
     0.50 
  
    Volatility 
     69.59%  
     54.14% 

During the year ended December 31, 2024,
and 2023, the Company recorded interest expenses related to February 2019 Loan in the amount of $28 and $30, respectively.

     F-17 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

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

    NOTE 3:-
    CONVERTIBLE LOANS (Cont.)

    b.
    On October 15, 2019, the Company received a convertible loan from a third party (“October 2019 Lender”) in the principal amount of $1,100 that bears an annual 10% interest rate (“October 2019 Loan”). The October 2019 Loan had a two-year term. Prior to the maturity date of the October 2019 Loan, the Company, at its option, has the right to redeem, in cash, in part or in whole, the amounts outstanding provided that as of the date