Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 679

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 679
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 As of December 31, 2024, the BCF was revalued at $430.

On January 26, 2022, the Company paid
accrued interest of the October 2019 Loan in the amount of $55.

On December 20, 2022, the Company paid
accrued interest of the October 2019 Loan in the amount of $100, and the October 2019 Loan agreement as extended until June 30, 2023.

On January 2023, the Company paid accrued
interest of the October 2019 Loan in the amount of $100.

On November 1, 2024, the loan agreement
was extended until March 31, 2025.

The October 2019 Loan is included in
the convertible loans in current liabilities as of December 31, 2024, in the amount of $1,419.

The Company accounted for the February
2019 Loan in accordance with ASC 470-20, Debt with conversion and other Options. The value of the BCF for the February 2019 Loan was calculated
using Monte Carlo model. As of December 31, 2024 the Company allocated $430 to the BCF as a liability ($460 as of December 31, 2023).

The Company used an independent appraiser
to estimate the fair value of BCF which used the Monte Carlo option pricing model using the following weighted average assumptions:

    Schedule of assumptions used for valuation 

    December 31, 2024  
    December 31, 2023 
  
    Share price 
    $0.13  
    $0.16 
  
    Dividend yield 
     0  
     0% 
  
    Risk-free interest rate 
     4.37%  
     5.26% 
  
    Expected term (in years) 
     0.25  
     0.50 
  
    Volatility 
     69.59%  
     54.14% 

During the year ended December 31, 2024,
and 2023, the Company recorded interest expenses related to October 2019 Loan in the amount of $105 and $110, respectively.

     F-18 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

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

    NOTE 3:-
    CONVERT