Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 569

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 569
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We are a smaller reporting company as defined
in Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item. 

 11 

Item 8. Financial Statements and Supplementary Data.

SATIVUS TECH CORP.

CONSOLIDATED FINANCIAL STATEMENTS

AS OF DECEMBER 31, 2024

IN THOUSANDS OF U.S. DOLLARS

INDEX

    Page
  
    Report of Independent Registered Public Accounting Firm
     
    F-2

    Consolidated Balance Sheets
     
    F-4

    Consolidated Statements of Comprehensive Loss
     
    F-5

    Consolidated Statements of Changes in Shareholders’ Deficit
     
    F-6

    Consolidated Statements of Cash Flows
     
    F-7

    Notes to Consolidated Financial Statements
     
    F-8 - F-27

 F-1 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Board of Directors and Stockholders of
Sativus Tech Corp.

Opinion on the Financial Statements

We have audited the accompanying the consolidated
balance sheets of Sativus Tech Corp. and its subsidiary (“the Company”) as of December 31, 2024 and 2023 and the related statements
of comprehensive loss, statement of changes in shareholders’ deficit and cash flows, for each of the two years in the period ended
December 31, 2024, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial
statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results
of its operations and its cash flows for each of the two years in the period ended December 31, 2024, in conformity with generally accepted
accounting principles in the United States of America.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our
audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”)
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

We