Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 205

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 205
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 payable at maturity. This loan was settled in 2023.

Note
Payable – Thomet

In
December 2017, we entered into a $750 thousand, zero percent annual interest rate note payable (the “Thomet Note”) with an
individual from whom we previously acquired a company from which he was one of the owners (in 2014). The Thomet Note was payable in 60
monthly principal payments of $13 thousand beginning in October 2018 through
October 2023. This loan was settled during 2023.

NOTE
12 – OTHER NOTES PAYABLE

Other
notes payable consists of the following as of December 31,

 SCHEDULE OF OTHER NOTES PAYABLE

    In thousands
     
    2024
      
    2023 

    Notes Payable - other
     
    $
    8,746
      
    $10,461 

    Less current portion

    (8,512
    ) 
     (10,196)

    Long Term Notes Payable
     
    $
    234
      
    $265 

Future
maturities of notes payable are as follows for the years ending December 31, 2024:

 SCHEDULE OF FUTURE MATURITIES OF NOTE PAYABLE

    In thousands 

    2025 
    $234 
  
    Total 
    $234 

Other
Notes Payable

On
July 29, 2021, the Company entered into a long-term loan from Leumi Bank totaling NIS 7
million, which at the time was approximately $2.16
million. The note accrues interest at the Israeli Prime Rate plus 4.5%
which currently equals 8.25%
per annum and is payable in 8
instalments of principal and interest over 4
years. The note is secured by shares of Dangot Computers, Ltd At December 31, 2024, the balance owed is $1,815,840.

On
August 11, 2021, the Company purchased vehicles using cash and financing of NIS 500 thousand, approximately $155 thousand, to be paid
off in monthly interest and principal payments over 5 years. The loan accrues interest at 7.5% per annum and is secured by the vehicles.

On
September 13, 2022, the Company entered into a long-term loan from Hapo