Company: OMQS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023481
Chunk: 1

Company: OMNIQ Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 1
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 SECURITIES EXCLUDES FROM COMPUTATION OF EARNING PER SHARE

    September 30, 2025  
    September
30, 2024 
  
    Options to purchase common stock 
     2,126,833  
     1,294,833 
  
    Warrants to purchase common stock 
     875,901  
     1,606,734 
  
    Potential shares excluded from diluted net loss per share 
     3,002,734  
     2,901,567 

    F-5

NOTE
2 – LIQUIDITY AND CAPITAL RESOURCES

The
accompanying consolidated financial statements have been prepared assuming that we will continue as a going concern. The following are
the principal conditions or events which potentially raise substantial doubt about the company’s ability to continue as a going
concern:

    ●
    Balancing
    the need for operational cash with the need to add additional products.

    ●
    Timely
    and cost-effective development of products

    ●
    Working
    capital deficit of $11.8 million as of September 30, 2025

    ●
    Accumulated
    deficit of $124.7 million as of September 30, 2025

    ●
    Multiple
    years of losses from operations

Management
Evaluation

Management
considers the conditions outlined above as the most significant factors in raising substantial doubt about the Company’s ability
to continue as a going concern within one year after the date the financial statements are issued.

Management’s
Plans to Mitigate and Alleviate Conditions or Events

    ●
    Management
    is continuing to evaluate operating expenses and is developing a plan to reduce expenditures without negatively impacting current operations.

    ●
    Management
    has placed a strategic focus on increasing sales with prime customers.

    ●
    Sales
    efforts are focused on the most profitable product lines.

NOTE
3 – CONCENTRATIONS

For the nine-months ended September 30, 2025 and the year ended December
31, 2024, one customer accounted for 3.5% and one customer accounted for 3%, respectively, of the Company’s consolidated revenues.

Accounts receivable at September 30, 2025 and December 31, 2024 are made
up of trade receivables due from customers in the ordinary course of business. One customer accounted for 6.5% of the outstanding