Company: SATT
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001683168-25-006219
Chunk: 5

Company: SATIVUS TECH CORP.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 5
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 accounts payables 
     126  
     86 
  
    Net cash used in operating activities 
     (86) 
     (352)

    Cash flows from investing activities: 

    Purchase of property and equipment. Net 
     –  
     (263)
  
    Decrease (increase) in restricted cash 
     5  
     – 
  
    Proceeds Loans from related party 
     74  
     – 
  
    Proceeds Loans from Short term loans 
     78  
     – 
  
    Decrease (increase) in deposits 
     –  
     626 
  
    Net cash used in investing activities 
     157  
     363 

    Cash flows from financing activities: 

    Lease payments 
     –  
     (9)
  
    Proceeds from convertible loan 
     36  
     – 
  
    Proceeds from issuance of shares to minority interests in subsidiary 
     38  
     – 
  
    Net cash provided (used) by financing activities 
     74  
     (9)

    Increase (decrease) in cash and cash equivalents and restricted cash 
     145  
     2 
  
    Cash and cash equivalents and restricted cash at the beginning of the year 
     96  
     176 
  
    Cash and cash equivalents at the end of the period 
    $241  
    $178 

The accompanying notes are an integral part of
these condensed consolidated financial statements.

 F-5 

    SATIVUS TECH CORP.
  
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
  
    U.S. dollars in thousands

    NOTE 1:-
    GENERAL

    a.
    SATIVUS TECH CORP. (formerly SEEDO CORP.) (the “Company”, “Our” or “We”) was formed on January 16, 2015, under the laws of the State of Delaware. Prior to July 2020, we were involved in producing a plant growing device managed and controlled by an artificial intelligent algorithm, allowing consumers to grow their own herbs and vegetables effortlessly from seed to plant, while providing optimal conditions to assure premium quality produce year-round. However, due to financial and operational difficulties and during 2020, we ceased these operations and on July 19, 2020,