Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 74

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 74
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and development expenses include the following:

  employee-related                                          

  expenses                                                                                             

  supply                  

  costs                                   

We
recognize research and development expenses as incurred deducted by government grants in respect of research and development projects
received from the IIA which are not reasonably assured that the amount received will not be refunded.

Selling
and Marketing Expenses, Net

Selling
and marketing expenses in 2024 consisted primarily of marketing our solutions and our sales department costs. As we penetrate new markets,
we anticipate that our selling and marketing expenses in 2025 and thereafter may increase as we expand our sales department and invest
in the marketing of our solutions.

General
and Administrative Expenses

General
and administrative expenses consist primarily of personnel costs, including share-based compensation related to directors and employees,
facility costs, insurance costs and maintenance expenses, as well as external professional service costs, including legal, audit, business
development and human resource services.

We
anticipate that our general and administrative expenses may increase in the future as we increase our administrative headcount and infrastructure
to support our continued research and development programs and the potential commercialization of our products as we continue to increase
investments to support our growth and as a result of our becoming a public company.

Finance
Income (Expenses), Net

Finance
expenses, net, consisted primarily of interest and discount expenses in respect of promissory notes and revaluation expenses incurred
from partial exercise of Commitment Amount under equity line with YA. Those expenses were partly offset by revaluation of derivative
warrant liability, exchange differences and interest in respect of bank deposits.

Income
Taxes

We
have yet to generate taxable income in Israel. As of December 31, 2024, our operating tax loss carry forwards was approximately NIS 142.3
million (approximately $38.5 million). We anticipate that we will continue to generate tax losses for the foreseeable future and that
we will be able to carry forward these tax losses indefinitely to future taxable years. Accordingly, we do not expect to pay taxes in
Israel until we have taxable income after the full utilization of our carry forward tax losses.

Results
of Operations

Our
results of operations have varied in the past and can be expected to vary in the future due to numerous factors. We believe that period-to-period
comparisons of our operating results should not be relied upon as indications of future performance.

                                       Year Ended                       Year Ended               
                                       December 31,                   December 31