Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 140

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 140
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     (9)
  
    Increase (decrease) in other accounts payables 
     31  
     (48)
  
    Net cash used in operating activities 
     (488) 
     (932)

    Cash flows from investing activities 

    Decrease (increase) in restricted cash 
     –  
     (5)
  
    Decrease (increase) in deposits 
     637  
     (637)
  
    Purchase of property and equipment 
     (269) 
     (79)
  
    Net cash used in investing activities 
     368  
     (721)

    Cash flows from financing activities: 

    Lease payments 
     (13) 
     (14)
  
    Repayment of short-term loans 
     –  
     (114)
  
    Proceeds from issuance of shares to minority interests in subsidiary 
     53  
     1,273 
  
    Repayment of convertible loans 
     –  
     (126)
  
    Net cash provided by financing activities 
     40  
     1,019 

    Increase (decrease) in cash and cash equivalents 
     (80) 
     (634)
  
    Cash and cash equivalents and restricted cash at the beginning of the year 
     176  
     810 

    Cash and cash equivalents at the end of the period 
    $96  
    $176 

    Supplemental disclosures of cash flow information: 

    Cash paid for interest 
    $–  
    $126 

The accompanying notes are an integral part of
the consolidated financial statements.

 F-7 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

U.S. dollars in thousands, except per share
data

    NOTE 1:-
    GENERAL

    a.
    SATIVUS TECH CORP. (formerly SEEDO CORP.) (the “Company”, “Our” or “We”) was formed on January 16, 2015, under the laws of the State of Delaware. Prior to July 2020, we were involved in producing a plant growing device managed and controlled by an artificial intelligent algorithm, allowing consumers to grow their own herbs and vegetables effortlessly from seed to plant, while providing optimal conditions to assure premium quality produce year-round. However, due to financial and operational difficulties and during 202