Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 329

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 3
Chunk 329
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, the recognized profit (loss) and fair value (based on quoted market prices with a discount due to security
restrictions on iMine shares) of the marketable securities were $1
and $7,
respectively (at December 31, 2023 $(41)
and $6,
respectively).

NOTE
12 - TAXES ON INCOME

    a.
    On
    December 31, 2024, the Company had U.S. federal net operating loss carryforwards of approximately $28,097 available to reduce future
    taxable income of which $16,323
    will expire from 2025 until 2037 and the
    remaining amount of $11,774
    may be carried forward to offset against
    future income for an indefinite period of time. Utilization of the U.S. net operating losses may be subject to substantial limitations
    due to the change of ownership provisions of the Internal Revenue Code of 1986.

My Size, Inc. has final tax assessments through 2020.

The
U.S. corporate income tax rate 21%.

    b.
    Foreign
    tax:

    1.
    Tax
    rates:

Presented
hereunder are the income tax rates relevant to the Company’s Israeli subsidiaries:

SCHEDULE OF TAX RATES RELEVANT TO THE COMPANY'S ISRAELI SUBSIDIARY  

    2024
    - 23%
  
    2023
    - 23% 

Presented
hereunder are the income tax rates relevant to the Company’s Spanish subsidiary:

    2023
    - 24%
  
    2024
    - 24%

    2.
    The
Company’s Israeli subsidiaries have estimated total available operating loss carryforwards of approximately $68,014
as of December 31, 2024. Of these carryforwards, a total of $40,378
are
owned by Topspin Medical (Israel) Ltd. Topspin’s operating loss carryforwards may be offset only by future income with respect
to the same operational activity by which it was incurred for an indefinite period of time. The other operating loss carryforwards are
owned by My Size Israel 2014 Ltd and Orgad (subsidiary) may be carryforward to offset against future income for an indefinite period
of time.

    3.
    Topspin
    Medical (Israel) Ltd. and My Size (Israel) 2014