Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 622

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 622
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supplements industry and as a dye in the textile industry. Medicinal claims as an anti-depressant, antioxidant, and antiseptic are constantly
increasing.

On December 9, 2021, FINRA gave final
approval for the Company’s 1-for-10 consolidation, or reverse split, of our issued and outstanding common shares, as noted in our
8K of December 13, 2021. Except where otherwise indicated, all share and per share data in these financial statements have been retroactively
restated to reflect said consolidation.

    b.
    The Company has an accumulated deficit in the total amount of $23,608 as of December 31, 2024, the Company has negative operating cash flow in the total amount of $488 for the year ended December 31, 2024, further losses are anticipated in the development of its business. Those factors raise substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due.

The Company intends to finance operating
costs over the next twelve months with existing cash on hand, reducing operating spend, and future issuances of equity and debt securities,
or through a combination of the foregoing. However, the Company will need to seek additional sources of financing if the Company requires
more funds than anticipated during the next 12 months or in later periods.

     F-8 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

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

    NOTE 1:-
    GENERAL (Cont.)

The accompanying consolidated financial
statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and
liabilities and commitments in the normal course of business.

The consolidated financial statements
for the year ended December 31, 2024, do not include any adjustments to reflect the possible future effects on the recoverability
and classification of assets or the amounts and classification of liabilities that may result from uncertainty related to the Company’s
ability to continue as a going concern.

    NOTE 2:-
    SIGNIFICANT ACCOUNTING POLICIES

The consolidated financial statements
have been prepared in accordance with U.S. Generally Accepted Accounting Principles in the United States of America.

    a.
    Use of estimates:

The preparation of the financial statements