Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 119

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 119
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The
Company’s management expects 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.

Management’s
plans include the continued commercialization of the Company’s products and acquisition of technology, intellectual property or
businesses and securing sufficient financing through the sale of additional equity securities, debt or capital inflows from strategic
partnerships. Additional funds may not be available when the Company needs them, on terms that are acceptable to it, or at all. If the
Company is unsuccessful in commercializing its products and securing sufficient financing, it may need to cease operations.

The financial statements include no adjustments for measurement or presentation of assets and liabilities, which may be required should
the Company fail to operate as a going concern.

NOTE
2 - SIGNIFICANT ACCOUNTING POLICIES

The
consolidated financial statements are prepared according to United States generally accepted accounting principles (“U.S. GAAP”),
applied on a consistent basis, as follows:

a.
Use of estimates:

The
preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that
affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Information
about assumptions made by the Company with respect to the future and other reasons for uncertainty with respect to estimates that have
a significant risk of resulting in a material adjustment to carrying amounts of assets and liabilities in the next financial year are
included in the following units reporting:

Estimated
impairment of non-financial assets

The
Company examines on an annual basis whether there is an impairment of goodwill, intangibles and property, plant and equipment that are
allocated to reporting units, in accordance with the accounting policy presented in Note 1 (h) below. The fair value calculations of
reporting units require the use of estimates.

For
information on key assumptions used in calculation of the fair value, see NOTE 7 – Goodwill and other Intangible assets.

b.
Functional currency:

The
currency of the primary economic environment in which the operations of the Company is conducted is the U.S. Dollar and thus