Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 1441

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 1441
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 and interim periods within those fiscal years. Early adoption is permitted for both interim and
    annual financial statements that have not yet been issued or made available for issuance. The adoption of ASC 2022-03 did not have a material impact on the Company’s consolidated financial statements and related disclosures.

    2.
    In
    December, 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income
    taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income
    tax-related disclosures. The ASU will be effective for fiscal years beginning after December 15, 2024, and allows adoption on a prospective
    basis, with a retrospective option. The Company is in the process of assessing the impacts and method of adoption. This ASU will
    impact the Company’s income tax disclosures, but not Consolidated Financial Statements.

    3.
    In
    November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, This guidance
    expands public entities’ segment disclosures primarily by requiring disclosure of significant segment expenses that are regularly
    provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and
    description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and
    assets which updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment
    expenses. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal
    years beginning after December 15, 2024. The amendments were applied retrospectively to all prior
    periods presented in the financial statements. the Company adopted ASU 2023-07 in 2024, see
Note 16—Segment Reporting. 

v.
Recently issued not yet adopted accounting pronouncements

 1.In March 2024, the SEC adopted new rules relating to the disclosure of a range of climate-change-related physical and transition risks,
data, and opportunities. The adopted rule contains several new disclosure obligations, including, (i) disclosure on how the board of directors
and management oversee climate-related risks and certain climate-related governance items, (ii) disclosure of information related to a
registrant’s climate-related targets, goals, and/or