Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 1449

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 1449
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 impairment of $631 in the third quarter, which
was attributable to the entire remaining goodwill associated with its SaaS solutions segment (level 3 fair value measurement).

The resulting cash flow
for the SaaS based innovative artificial intelligence driven measurement solutions reporting unit amounts were discounted using the same
rate of 25% compared to prior quarters, the Company used revenue growth rate of 4%-32% compared to 15%-70% at December 2023. The Company
still assumed a terminal growth rate of 3%.

For
the tests performed in September 30, 2024, the resulting cash flow for the fashion and equipment e-commerce platform segment amounts
were discounted using a slightly increased rate of 22%
compared to 21.5%
in prior quarters, The Company used a revenue growth rate of 7.5%-36.5%
compared to 12.4%-50%
at December 2023. The Company still assumed a terminal growth rate of 3%. No goodwill impairment was recorded for this reporting unit. 

The
Company performed it annual quantitative assessment as of December 31, 2024 for the fashion and equipment e-commerce platform reporting unit fair value.
The estimated fair value of the fashion and equipment e-commerce platform reporting unit exceeded its estimated carrying amount by 5%.

This was based on the following assumptions:

    Fashion and equipment e-commerce platform 

    Discount rate 
     22.5%

    Terminal growth rate 
     3%

    Revenue growth rate 
     7.5%-65.6%

    F-18

MY
SIZE, INC. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

NOTE
8 - Investment in JV

In
August 2022, the Company established a joint venture (“JV”) in Brazil with Santista Têxtil. The Company holds 51% and
Santista Têxtil holds 49% of the JV. The purpose of the JV is to serve the Brazilian market according to the business plan that
was set. Both parties agree to make an initial investment in the JV of $198 that will be made per the holding percentage of each party.

During
March 2024, the Company closed the joint venture (“JV”) in Brazil with Santista Têxtil and liquidating the remaining of its investment of
$38.

During
the years