Company: OMQS
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010783
Chunk: 50

Company: OMNIQ Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 3
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Not Applicable

ITEM 4. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure and Control Procedures

We maintain “disclosure controls and procedures”,
as such terms are defined under Exchange Act Rule 13a-15(e), that are designed to ensure that information required to be disclosed in
our Exchange Act reports is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and
forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer (“CEO”)
and Principal Accounting Officer, as appropriate, to allow timely decisions regarding required disclosures. The Company acknowledges that
any controls and procedures can provide only reasonable assurances of achieving the desired control objectives.

We have carried out an evaluation as required by Rule
13a-15(d) under the supervision of and with the participation of our management, including our Chief Executive Officer and Principal Accounting
Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2025. Based upon their
evaluation, the Chief Executive Officer and Principal Accounting Officer concluded that, as of March 31, 2025, the Company’s disclosure
controls and procedures were not effective. Although we have determined that the existing controls and procedures are not effective, the
deficiencies identified have not been deemed material to our reporting disclosures.

(b) Management’s Report on Internal Controls
over Financial Reporting

The Company’s management is responsible for
establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rules 13a-15(f)
and 15d-15(f). Internal control over financial reporting refers to the process designed by, or under the supervision of, our Chief Executive
Officer and Principal Accounting Officer, and affected by our Board, management and other personnel, to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally
accepted accounting principles.

Internal control over financial reporting cannot provide
absolute assurance of achieving their objectives. Internal control over financial reporting is a process that involves human diligence
and compliance and is subject to lapses in judgement and breakdowns resulting from human failures. Due to their inherent limitations,
there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting.
It is possible to design safeguards to reduce, but not eliminate,