Company: MYSZ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010830
Chunk: 22

Company: My Size, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 Co., LLC, as agent, or Wainwright, pursuant to which
we may offer and sell, from time to time through Wainwright shares of our common stock having an aggregate offering price of up to $4.1
million. We agreed to pay Wainwright a commission at a fixed rate of 3.0% of the aggregate gross proceeds from each sale of the shares
under the Offering Agreement. As of March 31, 2025 and the date hereof, we sold 60,589 shares and 992,328 shares, respectively, pursuant
to the Offering Agreement for aggregate gross proceeds of approximately $142,000 and $1,995,000, respectively.  

Cash used in operating activities
amounted to $1,268,000 for the three months ended March 31, 2025, compared to $1,417,000 for the three months ended March 31, 2024. The
decrease in cash used in operating activity is derived mainly from a decrease in the net loss offset by a change in account receivables
and trade payables. 

Net cash provided by investing
activities was none for the three months ended March 31, 2025, compared to $60,000 for the three months ended March 31, 2024.

Net cash provided by financing
activities was $95,000 for the three months ended March 31, 2025, compared to $407,000 for the three months ended March 31, 2024. The
cash flow from financing activities for the three months ended March 31, 2025 resulted from the issuance of shares during the period.

We expect that the Company will continue to generate losses and negative cash
flows from operations for the foreseeable future. Based on the projected cash flows and cash balances as of the date of these financial
statements, management is of the opinion that there is an uncertainty that its existing cash will be sufficient to fund operations for
a period of more than 12 months. As a result, there is substantial doubt about the Company’s ability to continue as a going concern. We will need to raise additional
capital, which may not be available on reasonable terms or at all. Additional capital would be used to accomplish the following:

    ●
    finance our current operating expenses;

    ●
    pursue growth opportunities;

    ●
    hire and retain qualified management and key employees;

    ●
    respond to competitive pressures;

    ●
    comply