Company: SATT
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001683168-25-006219
Chunk: 7

Company: SATIVUS TECH CORP.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 7
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 and repay its liabilities arising from normal business operations when they become due.

     F-6 

    SATIVUS TECH CORP.
  
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
  
    U.S. dollars in thousands

    NOTE 1:-
    GENERAL (cont.)

    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.
     
    The accompanying condensed 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
    three months ended June 30, 2025, 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

Basis of Presentation and Principles
of Consolidation:

The accompanying unaudited condensed
consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary and were prepared in accordance
with Generally Accepted Accounting Principles in the United States of America (“GAAP”)

All intercompany accounts and transactions
have been eliminated in the consolidation.

Unaudited Interim Financial Information

The Company’s unaudited condensed
consolidated financial statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the Securities
and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements
prepared in accordance with GAAP have been condensed or omitted from this report, as is permitted by such rules and regulations. Accordingly,
these condensed consolidated financial statements should be read in conjunction with the audited financial statements as of and for the
year ended December 31, 2024, and the notes thereto included in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2024, filed with the SEC on March 31, 2025 (the “2024 Annual