Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 1350

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 1350
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 war with Hamas has had an immaterial effect on its operations and financial results so far. This is attributable to its  offices in Spain which has become a hub for the Company’s sizing solutions business. The majority of Orgad’s
    inventory utilizes fulfillment by Amazon rather than fulfilling directly. Inventory is now maintained and orders are shipped from
    regional Amazon warehouses, thereby reducing exposure to inventory risk and contributing to operating efficiencies.
     
    On January 19, 2025, a temporary ceasefire went into effect, the result of which is uncertain.

    On
    February 24, 2022, Russia invaded Ukraine. The hostilities between the two countries could result in more widespread
    conflict and could have a severe adverse effect on the region. Following Russia’s actions, various countries, issued broad-ranging
    economic sanctions against Russia. Such sanctions included, among other things, a prohibition on doing business with certain Russian
    companies, officials and oligarchs; a commitment by certain countries and the European Union to remove selected Russian banks from
    the Society for Worldwide Interbank Financial Telecommunications (SWIFT) electronic banking network that connects banks globally;
    and restrictive measures to prevent the Russian Central Bank from undermining the impact of the sanctions.
     
    The
    Company shut down its operation in Russia and expects to close down the subsidiary in the near future therefore the impact from current
    situation is very limited.

    F-7

MY
SIZE, INC. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

NOTE
1 - GENERAL (Cont.)

    c.
    On
                                            July 25, 2016, the Company’s common stock began publicly trading on the Nasdaq Capital
                                            Market under the symbol “MYSZ”.
     
    From
    September 1, 2005 to March 27, 2024, the Company’s common stock was traded on the Tel Aviv Stock Exchange.

    d.
    Since
    inception, the Company has incurred significant losses and negative cash flows from operations and has an accumulated deficit of
    $63,876. The Company has financed its operations mainly through fundraising from various investors.

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