Company: MYSZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024073
Chunk: 83

Company: My Size, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 83
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, My Size LLC, but due to technical reasons it is expected to occur in the near future. Therefore, the impact from
the current situation is very limited.

    8

MY
SIZE, INC. AND ITS SUBSIDIARIES

Notes
to Condensed Consolidated Interim Financial Statements (Unaudited)

U.S.
dollars in thousands (except share data and per share data)

Note
2 - Significant Accounting Policies

    a.
    Unaudited
    condensed consolidated financial statements:

    The
    accompanying unaudited condensed consolidated interim financial statements included herein have been prepared by the Company in accordance
    with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information
    and in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”). The
    unaudited condensed consolidated financial statements are comprised of the financial statements of the Company. In management’s
    opinion, the interim financial data presented includes all adjustments necessary for a fair presentation. All intercompany accounts
    and transactions have been eliminated. Operating results for the six months ended June 30, 2025 not necessarily indicative of the
    results that may be expected for any future period or for the year ending December 31, 2025.

    These
    unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated
    financial statements and the notes thereto for the year ended December 31, 2024.

    b.
    Recently accounting standard
    that have not yet been adopted.

    In July 2025, the Financial Accounting Standards Board (“FASB”)
issued Accounting Standards Updates (“ASU”) 2025-05 “Financial Instruments—Credit Losses (Topic 326): Measurement
of Credit Losses for Accounts Receivable and Contract Assets”. The ASU introduces a practical expedient for all entities when estimating
expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606.
Under the practical expedient, when developing reasonable and supportable forecast as part of estimating expected credit losses, an entity
may assume that current conditions as of the balance sheet date do not change for the remining life of the asset. The ASU is effective
for annual reporting period beginning after December 15, 2025 and interim reporting within those annual reporting periods. Early adoption
is permitted in both interim and annual reporting periods. The Company is evaluating the