Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 587

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 587
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 effect on subsequent revenue recognized by the acquirer.

ASU 2021-08 06 is effective for fiscal
years beginning after December 15, 2022, including interim periods within those fiscal years. We are currently assessing the impact of
this update on the Company’s consolidated financial statements.

     F-15 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

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

    NOTE 2:-
    SIGNIFICANT ACCOUNTING POLICIES (Cont.)

Warrants

In May 2021, the Financial Accountings
Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-04, “Earnings Per Share (Topic
260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives
and Hedging— Contracts in Entity’s Own Equity (Subtopic 815- 40): Issuer’s Accounting for Certain Modifications or Exchanges
of Freestanding Equity-Classified Written Call Options” (“ASU 2021-04”). The guidance is effective for the Company on
January 1, 2022. The Company has evaluated the impact of adopting this standard and concluded there is no impact on the Company’s
consolidated financial statements.

Income taxes

In December 2019, the FASB issued ASU
2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments in this ASU simplify the accounting for
income taxes, eliminates certain exceptions to the  general principles in Topic 740 and clarifies certain aspects of the current
guidance to improve consistent application among reporting entities. ASU 2019-12 is effective for fiscal years beginning after December
15, 2021 and interim periods within annual periods beginning after December 15, 2022, though early adoption is permitted, including adoption
in any interim period for which financial statements have not yet been issued. The Company has evaluated the impact of adopting this standard
and concluded there is no impact on the Company’s consolidated financial statements.

    r.
    New Accounting Pronouncements:

Accounting Pronouncements Not Yet
Adopted

In December 2023, the FASB issued ASU
2023-09, Income taxes (topic 740): Improvements to Income Tax Disclosures. The guides require disclosure