Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 303

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 303
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, revenues and expenses, and related disclosure of
contingent assets and liabilities. We believe that the estimates, assumptions and judgments involved in the accounting policies described
below have the greatest potential impact on our financial statements, so we consider these to be our critical accounting policies. Because
of the uncertainty inherent in these matters, actual results could differ from the estimates we use in applying the critical accounting
policies. Certain of these critical accounting policies are fair value of convertible loans, and the calculation of share-based compensation
and going concern.

Within the context of these critical accounting
policies, we are not currently aware of any reasonably likely events or circumstances that would result in materially different amounts
being reported.

Item 7A. Quantitative and Qualitative Disclosures
About Market Risk.

We are a smaller reporting company as defined
in Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item. 

 11 

Item 8. Financial Statements and Supplementary Data.

SATIVUS TECH CORP.

CONSOLIDATED FINANCIAL STATEMENTS

AS OF DECEMBER 31, 2024

IN THOUSANDS OF U.S. DOLLARS

INDEX

    Page
  
    Report of Independent Registered Public Accounting Firm
     
    F-2

    Consolidated Balance Sheets
     
    F-4

    Consolidated Statements of Comprehensive Loss
     
    F-5

    Consolidated Statements of Changes in Shareholders’ Deficit
     
    F-6

    Consolidated Statements of Cash Flows
     
    F-7

    Notes to Consolidated Financial Statements
     
    F-8 - F-27

 F-1 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Board of Directors and Stockholders of
Sativus Tech Corp.

Opinion on the Financial Statements

We have audited the accompanying the consolidated
balance sheets of Sativus Tech Corp. and its subsidiary (“the Company”) as of December 31, 2024 and 2023 and the related statements
of comprehensive loss, statement of changes in shareholders’ deficit and cash flows, for each of the two years in the period ended
December 31, 2024, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial
statements present fairly, in all material respects, the financial position of the Company as of