Company: OMQS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023481
Chunk: 10

Company: OMNIQ Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 10
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 balance sheet as of September
30, 2025. The balances of the disposed assets and liabilities as of December 31, 2024 were as follows:

    Assets 

    Current Assets 

    Accounts receivable, net 
    $10,608 
  
    Inventory, net 
     4,197 
  
    Prepaid expenses 
     482 
  
    Other current assets 
     61 
  
    Total current assets 
     15,348 

    Property and equipment, net of accumulated depreciation 
     8 
  
    Right of use lease asset 
     471 
  
    Total Assets 
    $15,827 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable and accrued liabilities 
    $56,863 
  
    Accrued payroll and sales tax 
     1,490 
  
    Lease liability – current portion 
     103 
  
    Other current liabilities 
     206 
  
    Total Current Liabilities 
     58,662 
  
    Deferred revenue 
     5,891 
  
    Lease liability 
     178 
  
    Total liabilities 
    $64,731 

Cash
flows related to the discontinued business have not been segregated and are included in the condensed consolidated statements of cash
flows. The following table provides supplemental cash-flow information for the discontinued operations (in thousands):

SCHEDULE OF SUPPLEMENTAL CASH-FLOW INFORMATION FOR DISCONTINUED OPERATIONS 

    Nine months ended September 30, 2025  
    Nine months ended September 30, 2024 
  
    Depreciation and amortization 
     2,304   
     14 
  
    Capital expenditures 
     (771) 
     128 
  
    Other significant non-cash items 

    Cancelation of lease 
     471  
     - 

The
assets sold include, among other things, accounts receivable, inventory, tangible personal property, intellectual property, contract
rights, books and records, and other assets used or held for use in connection with the Transferred Business. Certain assets were excluded
from the Transaction, including the Company’s cash and cash equivalents and all assets not related to the Transferred Business.
Buyer assumed only those liabilities specified in the Purchase Agreement, and the Company retained all other liabilities, including those
unrelated to the Transferred Business or expressly excluded.

The