Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 72

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 72
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 innovative products including advanced mobile and medical devices. Under this new agreement, Dreamtech
will fund an initial investment of $1 million followed by an additional $1 million upon successful cultivation of saffron in Korea. Saffron
Tech aims to be the first company to create a large-scale production of saffron using vertical farming technology to meet the growing
demand of the spice for use in beauty, wellness, and pharmaceutical applications. Sativus Tech’s interest in Saffron Tech now totals
54% post-raise.

 9 

Consistent with Section 144 of the Delaware General
Corporation Law, it is our current policy that all transactions between the company and our officers, directors and their affiliates will
be entered into only if such transactions are approved by a majority of the existing directors, are approved by vote of the stockholders,
or are fair to us as a corporation as approved or ratified by the board or authorized officer. We will conduct an appropriate review of
all related party transactions on an ongoing basis, and, where appropriate, we review the potential of conflicts of interest.

Year ended December 31, 2024 as compared to
the year ended December 31, 2023

During the year ended December 31, 2024, the Company’s
overall position of cash and cash equivalents decreased by $80 thousand. This decrease in cash can be attributed to the following:

The Company’s net cash used in operating
activities during the year ended December 31, 2024, was $488 thousand as compared to $932 for the year ended December 31, 2023. This decrease
is mostly due to a significant decrease in accounts receivable offset by an increase in the net loss of the Company.

The Company’s net cash earned in investing
activities during the year ended December 31, 2024, was $371 thousand as compared to $721 net cash used for the year ended December 31,
2023. This increase is mostly due to increase in deposits offset by high investments in Saffron Tech’s new facility, located at
Ganei Tal during the year ended December 31, 2024.

Cash provided by financing activities for the
year ended December 31, 2024, was $40 thousand as compared to $1,019 thousand for the year ended December 31, 2023. Cash provided in 2024
was from the issuance of shares to minority interests of $53 thousand offset by lease payments of $