Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 145

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 145
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     13.93  
     4.65 

NOTE
14 - STOCK BASED COMPENSATION

The
stock-based expense recognized in the financial statements for services received is related to cost of goods, research and
development, sales and marketing and general and administrative expenses as shown in the following table:

SCHEDULE
OF STOCK BASED COMPENSATION EXPENSES

    2024  
    2023 

    Year
    ended December 31, 

    2024  
    2023 

    Stock-based
    compensation expense – Cost of goods 
     -  
     20 
  
    Stock-based
    compensation expense - Research and development 
     59  
     71 
  
    Stock-based
    compensation expense - Sales and marketing 
     46  
     160 
  
    Stock-based
    compensation expense - General and administrative 
     285  
     202 
  
    Stock-based compensation
    expense 
     390  
     453 

    F-23

MY
SIZE, INC. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

NOTE
14 - STOCK BASED COMPENSATION (Cont.)

Options
issued to consultants

    a.
    In
    March 2023, the Company entered into a two-year agreement with a consultant to provide services to the Company including assisting
    the Company to promote, market and sell the Company’s technology to potential customers. Pursuant to such agreement and in
    partial consideration for such consulting services, the Company agreed to issue to the consultant options to purchase up to 500 shares
    of the Company’s common stock upon execution of the agreement. The options are exercisable at $24.00
    per share and shall vest in two equal instalments every twelve months starting March 2023. Unexercised options shall expire 3 years
    from the effective date.

    b.
    In
                                            July 2023, the Company entered into a six month agreement with a consultant to provide services to the Company, including
                                            assisting the Company to promote, market and sell the Company’s technology to potential
                                            customers and make strategic introductions and inquiries with interested parties in the financial
                                            community. Pursuant to the agreement and in partial consideration for such consulting