Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 480

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 480
---
,
using economic levels of water, space, fertilizer, and energy. Accounting to the Company’s calculations, we believe that the controlled
indoor growing area will produce ten times more yield compared to the same land area using traditional methods. The sealed environment
eliminates the need for harmful pesticides and herbicides, producing a clean and safe product that is easy to control from anywhere. The
Company’s solution is easily scalable and pre-designed to quickly grow operations.

Saffron is used in many industries,
such as the food industry, particularly by famous chefs and Michelin starred restaurants, the natural cosmetics industry and the food
supplements industry and as a dye in the textile industry. Medicinal claims as an anti-depressant, antioxidant, and antiseptic are constantly
increasing.

On December 9, 2021, FINRA gave final
approval for the Company’s 1-for-10 consolidation, or reverse split, of our issued and outstanding common shares, as noted in our
8K of December 13, 2021. Except where otherwise indicated, all share and per share data in these financial statements have been retroactively
restated to reflect said consolidation.

    b.
    The Company has an accumulated deficit in the total amount of $23,608 as of December 31, 2024, the Company has negative operating cash flow in the total amount of $488 for the year ended December 31, 2024, further losses are anticipated in the development of its business. Those factors raise substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due.

The Company intends to finance operating
costs over the next twelve months with existing cash on hand, reducing operating spend, and future issuances of equity and debt securities,
or through a combination of the foregoing. However, the Company will need to seek additional sources of financing if the Company requires
more funds than anticipated during the next 12 months or in later periods.

     F-8 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

U.S. dollars in thousands, except per share data

    NOTE 1:-
    GENERAL (Cont.)

The accompanying consolidated financial
statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and
liabilities and commitments in