Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 781

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7A
Chunk 781
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 Court.
                                            On March 13, 2023, the Supreme Court referred the case to its Alternative Dispute Program
                                            and ordered the cases to mediate. The mediation was held on July 26, 2023 and various settlement
                                            options were explored but the mediation did not lead to settlement. On December 21, 2023,
                                            a conference with the Court was held and the parties were given dates for various pre-trial
                                            filings.
                                                          
    The
    parties agreed on settlement terms, including a global settlement with a third party with related claims. On November 19, 2024, the
    settlement agreement was executed and on December 2, 2024, the parties filed the Stipulation of Discontinuance with the Court and
    the action was dismissed.
     
    The
    Company did not recognize any a loss or expenses from the settlement agreement.

b.In
                                                                                                                                                                                                                                     July 2024, the Company was served with a legal complaint filed by Shimon Shukron in the Magistrate’s Court in Herzliya for a
                                                                                                                                                                                                                                     monetary award in an amount of NIS 1,895,345
                                                                                                                                                                                                                                     (approximately $510).
                                                                                                                                                                                                                                     The plaintiff alleges that due to the fire that broke out at Orgad’s warehouse in January 2023, the fire spread to the
                                                                                                                                                                                                                                     plaintiff’s business and caused heavy damage to the structure and contents, inventory of the business and loss of profits. The
                                                                                                                                                                                                                                     Company filed its statement of defense in September 2024. At this preliminary stage, the plaintiff did not provide sufficient
                                                                                                                                                                                                                                     documents to support his claims regarding the extent of the alleged damage. The Company and the plaintiff agreed to go to mediation
                                                                                                                                                                                                                                     and are waiting for a suitable date to be set. The Company cannot
                                                                                                                                                                                                                                     evaluate the chances of the mediation or the claim to succeed.

    F-28

MY
SIZE, INC. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

U.S.
dollars in thousands (except share data and per share data) 

Note
16 – Operating Segments

The
Company reports its financial results for the two reportable
segments: (i) fashion and equipment e-commerce platform, and (ii) SaaS based innovative artificial intelligence driven measurement
solutions. The Company chief executive officer who is the Chief Operating Decision Maker (“CODM”)