Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 802

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 802
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 the day of the change in the likelihood, and the total change is credited to the balance of the right -of -useasset until it is zeroed and then, to profit or loss. In each reporting period, the Company’s management examines the likelihood of exercising an extension option and updates the aforementioned leases’ amortization schedules accordingly. According to the Company’s assessment, no extension option will be exercised. 4. Subleases In transactions where the Company leases an underlying asset (the “primary lease”) and subsequently subleases such underlying asset to a third party (the “sublease”), the Company assesses whether all the risks and rewards associated with ownership of the right -of -useasset have been transferred. This assessment includes, inter alia, an evaluation of the sublease term relative to the useful life of the right -of -useasset arising from the primary lease.

Annex G-10

KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS NOTE 2: — ACCOUNTING POLICIES (cont.) If all the risks and rewards of ownership of the right -of -useasset have been substantially transferred, the sublease is classified as a finance lease, otherwise it is classified as an operating lease. In the sublease entered into during the year, the risks and rewards were not transferred to the third party, therefore the accounting treatment was a reduction of lease expenses rather than classification as a financing lease. F. Property and equipment Property and equipment are presented at cost, including direct purchase costs, and less accumulated depreciation and accumulated impairment losses, and do not include current maintenance expenses. Depreciation is calculated at equal annual rates based on the straight -linemethod throughout the asset’s useful life, as follows:

|                                     |     |         % |     | Mainly % |
| Laboratory equipment and clean room |     |        15 |     |          |
| Office furniture and equipment      |     |    8 – 15 |     |       15 |
| Computers and peripheral equipment  |     |        33 |     |          |
| Leasehold improvements              |     | See below |     |          |

Leasehold improvements are depreciated using the straight -linemethod over the lease period, or according to the estimated life of the improvement, whichever is shorter. The useful life, the depreciation method, and the residual value of each asset are examined, at a minimum, per year end, and any changes are treated as a change in accounting estimate prospectively. The