Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 361

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 19
Chunk 361
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 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. The Company adopted
the ASU retrospectively as of December 31, 2024. The adoption of this standard had an immaterial impact on the Company’s
consolidated financial statements and related disclosures for all periods presented.

Recent Accounting Pronouncements Not Yet
Adopted

In December 2023, FASB issued Accounting Standards Update (ASU) 2023-09, Income Taxes
(Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). The ASU focuses on income tax disclosures around effective tax rates
and cash income taxes paid. ASU 2023-09 requires public business entities to disclose, on an annual basis, a rate reconciliation presented
in both dollars and percentages. The guidance requires the rate reconciliation to include specific categories and provides further guidance
on disaggregation of those categories based on a quantitative threshold equal to5% or more of the amount determined by multiplying pretax
income (loss) from continuing operations by the applicable statutory rate. For entities reconciling to the US statutory rate of21%, this
would generally require disclosing any reconciling items that impact the rate by1.05% or more. ASU 2023-09 is effective for public business
entities for annual periods beginning after December 15, 2024 (generally, calendar year 2025) and effective for all other business entities
one year later. Entities should adopt this guidance on a prospective basis, though retrospective application is permitted. The adoption
of ASU 2023-09 is expected to have a financial statement disclosure impact only and is not expected to have a material impact on the Company’s
consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Disaggregation
of Income Statement Expenses (“ DISE”), a new accounting standard to improve the disclosures about an entity’s expenses
and address requests from investors for more detailed information about the types of expenses included in commonly presented expense captions.
The new standard is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning
after December 15, 2027, with retrospective application permitted. The Company is evaluating the disclosure requirements related to the
new standard and its impact on the Company’s consolidated financial statements.

The Company has implemented all new
accounting pronouncements currently