Company: OMQS
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024877
Chunk: 70

Company: OMNIQ Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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11  
     5 
  
    Amortization 
     -  
     - 
  
    Interest expense 
     848  
     544 
  
    Other (expenses) income 
     1,431  
     62 
  
    Current tax 
     -  
     - 
  
    Net Loss from Discontinued Ops (Net of Tax) 
    $1,002  
    $592 

Because the transaction was effective June 30,2025, no assets or liabilities
disposed in the sale were included on the balance sheet as of June 30, 2025. The balances of the disposed assets and liabilities as of
December 31, 2024 were as follows:

    Assets 

    Current Assets 

    Accounts receivable, net 
    $10,608 
  
    Inventory, net 
     4,197 
  
    Prepaid expenses 
     482 
  
    Other current assets 
     61 
  
    Total current assets 
     15,348 

    Property and equipment, net of accumulated depreciation 
     8 
  
    Right of use lease asset 
     471 
  
    Total Assets 
    $15,827 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable and accrued liabilities 
    $56,863 
  
    Accrued  payroll and sales tax 
     1,490 
  
    Lease liability – current portion 
     309 
  
    Other current liabilities 
     58,662 

    Lease liability 
     178 
  
    Total liabilities 
    $64,731 

Cash flows related to the discontinued business have not been segregated
and are included in the condensed consolidated statements of cash flows. The following table provides supplemental cash-flow information
for the discontinued operations (in thousands):

SCHEDULE OF SUPPLEMENTAL CASH-FLOW INFORMATION FOR DISCONTINUED OPERATIONS

    Six months ended June 30, 2025  
    Six months ended June 30, 2024 
  
    Depreciation and amortization 
     (2,304) 
     (9)
  
    Capital expenditures 
     (771) 
     128 
  
    Other significant non-cash items 

    Cancelation of lease 
     471  
     -

The assets sold include, among other things, accounts