Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 769

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 769
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 assets of $17.4 million and $20.2 million as of December 31, 2024, and 2023, respectively,
and total revenues of $30.5 million and $44.8 million for the years ended December 31, 2024, and 2023, respectively. Those portions of
the December 31, 2024, and 2023, consolidated financial statements were audited by other auditors whose report has been furnished to
us, and our opinion, insofar as they relate to the amounts included for Dangot Computers, Ltd. is based solely on the reports of the
other auditors.

Consideration
of the Company’s Ability to Continue as a Going Concern

The
accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 3 to
the financial statements, the Company has a deficit in stockholders’ equity and has sustained recurring losses from operations.
This raises substantial doubt about the Company’s ability to continue as a going concern. Management’s plans with regard
to these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome
of this uncertainty.

Basis
for Opinion

These
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities
laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company
is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits,
we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion
on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our
audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error
or fraud, and performing procedures that