Company: MYSZ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010830
Chunk: 21

Company: My Size, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 in salaries expenses due to reduced headcount and a decrease in
subcontractor expenses.

16

Sales and Marketing Expenses

Our sales and marketing expenses
for the three months ended March 31, 2025 amounted to $567,000 compared to $1,102,000 for the three months ended March 31, 2024. The decrease
primarily resulted from a decrease in salary expenses due to reduced headcount, consultant expenses and marketing expenses decrease in Amazon fees due to the increase in sales.

General and Administrative Expenses

Our general and administrative
expenses for the three months ended March 31, 2025 amounted to $831,000 compared to $1,033,000 for the three months ended March 31, 2024.
The decrease primarily resulted from a decrease in professional services and stock based compensation.

Operating Loss

As a result of the foregoing,
for the three months ended March 31, 2025, our operating loss was $1,060,000 an increase of $11,000, or 1%, compared to our operating
loss for the three months ended March 31, 2024 of $1,071,000.

Financial Income (Expenses), Net

Our financial income (expenses),
net for the three months ended March 31, 2025 $0 compared to financial income of $55,000 for the three months ended March 31, 2024.

Net Loss

As a result of the foregoing,
our net loss for the three months ended March 31, 2025 was $1,060,000, compared to net loss of $1,016,000 for the three months ended March
31, 2024. The decrease in net loss was mainly due to the reasons mentioned above.

17

Liquidity and Capital Resources

Since our inception, we have funded
our operations primarily through public and private offerings of debt and equity securities in the State of Israel and in the United States

As of March 31, 2025, we had
cash, cash equivalents and restricted cash of $3,695,000 compared to $4,880,000 of cash, cash equivalents and restricted cash as of December
31, 2024. This decrease primarily resulted from offset by payments that were made to suppliers, resources that were deployed to grow our
businesses and payments.

In January 2025, we entered into an At
The Market Offering Agreement, or the Offering Agreement with H.C. Wainwright &