Company: MYSZ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023456
Chunk: 94

Company: My Size, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 94
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 the region, the situation remains volatile, and the risk of broader regional escalation
                                            involving additional actors persists. As of the date of these consolidated financial statements,
                                            conflict continues in parts of the region.
     
    The
    security situation in Israel has had an immaterial effect on its operations and financial results so far. This is attributable to
    its offices in Spain which has become a hub for the Company’s sizing solutions business. The majority of Orgad’s inventory
    utilizes fulfillment by Amazon rather than fulfilling directly. Inventory is now maintained and orders are shipped from regional
    Amazon warehouses, thereby reducing exposure to inventory risk and contributing to operating efficiencies.

    On
                                            February 24, 2022, Russia invaded Ukraine. The outbreak of hostilities between the two countries
                                            could result in more widespread conflict and could have a severe adverse effect on the region.
                                            Following Russia’s actions, various countries, issued broad-ranging economic sanctions
                                            against Russia. Such sanctions included, among other things, a prohibition on doing business
                                            with certain Russian companies, officials and oligarchs; a commitment by certain countries
                                            and the European Union to remove selected Russian banks from the Society for Worldwide Interbank
                                            Financial Telecommunications (SWIFT) electronic banking network that connects banks globally;
                                            and restrictive measures to prevent the Russian Central Bank from undermining the impact
                                            of the sanctions.
     
    The
    Company shut down its operation in Russia and is expected to close down its subsidiary, 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