Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 992

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 992
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2020)

    ●
    Dangot
    Computers Ltd. (July 2021)

    ●
    CodeBlocks
    Ltd. (January 2024)

We
use patented and proprietary artificial intelligence (AI) technology to deliver data collection, real-time surveillance and monitoring
for supply chain management, homeland security, public safety, traffic & parking management, and access control applications. The
technology and services we provide helps our clients move people, assets, and data safely and securely through airports, warehouses,
schools, national borders, and many other applications and environments.

Our
principal solutions include hardware, software, communications, and automated management services. We are an established distributor
of barcode labels, tags, and ribbons, as well as RFID labels and tags. We provide printing solutions, credit card terminals, automatic
kiosks and point-of-care units. We also offer technical service and support. Our highly tenured team of professionals has the knowledge
and expertise to simplify the integration process for our customers, and our team delivers proven problem-solving solutions backed by
numerous customer references. We offer comprehensive packaged and configurable software, and we are a leading provider of best-in-class
mobile and wireless equipment.

Our
customers include government agencies and leading Fortune 500 companies from diverse sectors, including healthcare, food and beverage,
manufacturing, retail, distribution, and transportation and logistics. Since 2014, our annual consolidated revenues have grown to more
than $73 million with clients in more than 40 countries. We currently engage with several billion-dollar markets with double-digit growth,
including the Global Safe City market and the Ticketless Safe Parking market.

    F-8

NOTE
2 –SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles
of Consolidation and Basis of Presentation

Our
consolidated financial statements include the financial position and results of operations of OMNIQ Corp. and its wholly owned subsidiaries:
Quest Marketing, Inc., HTS Image Processing, Inc., OmniQ Vision Inc., HTS Image Ltd., OmniQ Technologies Ltd., and Dangot Computers Ltd.

All
significant intercompany accounts and transactions have been eliminated in these consolidated financial statements. Business combinations
are included in the consolidated financial statements from their respective dates of acquisition.

Use
of Estimates

We
prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America,
which requires management to use its judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities