Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 829

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 829
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 statements. Our audits also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide
a reasonable basis for our opinion.

Critical
Audit Matters 

Critical
audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be
communicated to the board of directors and that: (1) relate to accounts or disclosures that are material to the financial statements
and (2) involved our especially challenging, subjective, or complex judgements. We determined that there are no critical audit matters.

We
have served as the Company’s auditor since 2020.

BARZILY
AND CO., CPA’s

Jerusalem,
Israel

March
31, 2025

F-3

OMNIQ
CORP.

CONSOLIDATED
BALANCE SHEETS

As
of December 31,

    (In
    thousands, except share and per share data) 
    2024  
    2023 

    ASSETS 

    Current assets 

    Cash and cash
    equivalents 
    $2,349  
    $1,678 
  
    Accounts receivable, net 
     20,945  
     18,654 
  
    Inventory 
     7,405  
     6,028 
  
    Prepaid expenses 
     1,085  
     969 
  
    Other
    current assets 
     96  
     25 
  
    Total
    current assets 
     31,880  
     27,354 

    Property and equipment,
    net of accumulated depreciation, net 
     721  
     1,066 
  
    Goodwill 
     2,918  
     1,788 
  
    Trade name, net of accumulated
    amortization, net 
     1,187  
     1,377 
  
    Customer relationships,
    net of accumulated amortization, net 
     3,115  
     3,777 
  
    Other intangibles, net
    of accumulated amortization, net 
     410  
     504 
  
    Right of use lease asset 
     1,076  
     1,862 
  
    Other
    assets 
     2,282  
     1,758 
  
    Total
    Assets