Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 386

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 386
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 a small number of professionals resulting in a situation where limitations on segregation of duties exist.
Accordingly, and as a result of the material weakness identified above, we have concluded that the control deficiencies result in a reasonable
possibility that a material misstatement of the annual or interim financial statements may not be prevented on a timely basis by the
Company’s internal controls. We continue to employ and refine a structure in which critical accounting policies, issues and estimates
are identified, and together with other complex areas, are subject to multiple reviews by executives. In addition, we evaluate and assess
our internal controls and procedures regarding our financial reporting, utilizing standards incorporating applicable portions of the
Public Company Accounting Oversight Board’s 2009 Guidance for Smaller Public Companies in Auditing Internal Controls Over Financial
Reporting as necessary on an on-going basis.

While
the material weakness set forth above was the result of the scale of the Company’s operations and is intrinsic to its small size,
the Company believes the risk of material misstatements relative to financial reporting are minimal.

This
annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial
reporting. Management’s report was not subject to attestation by its registered public accounting firm pursuant to the Dodd-Frank
Wall Street Reform and Consumer Protection Act, which permits the Company to provide only management’s report in this annual report.

(c)
Changes in Internal Control over Financial Reporting

There
were no changes in our internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act,
during our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.

ITEM
9B. OTHER INFORMATION

NONE

ITEM
9C. DISCLOSURE REGARDING FOREIGN JURISTICTIONS THAT PREVENT INSPECTIONS

NONE

19

PART
III

ITEM
10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The
following table presents information with respect to our officers and directors as of the date of this Report:

    Name

    Age

    Positions
  
    Shai
    Lustgarten
     
    54

    CEO
    and Chairman

    Guy
    Elhanani
     
    51

    Director

Background
of our officers and directors

The
following is a brief account of the education and business experience during at least the