Company: NCEL
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026428
Chunk: 325

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: F-4/A
Chunk 325
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 ) |
| Loss before taxes on income            |     |             (3,308,899 | ) |     | (6,815,599 | ) |
| Tax benefit                            |     |                 54,475 |   |     |     49,735 |   |
| Total loss                             |     |             (3,254,424 | ) |     | (6,765,864 | ) |

Comparison of the Six Months Ended June 30, 2023 and 2024 Revenues Kadimastem had no revenues from operations in each of the six months ended June 30, 2024, and June 30, 2023. Cost of Revenues Kadimastem had no costs of revenues from operations in each of the six months ended June 30, 2024, and June 30, 2023. Research and Development Expenses Research and development expenses were $410,395 for the six months ended June 30, 2024, representing a significant decrease of $638,881 (60.9%) compared to $1,049,276 in the six months ended June 30, 2023. The decrease is a direct result of Kadimastem’s targeted efforts to streamline operations, reduce costs and enhance overall organizational productivity as described further below. (1) reassessment and redistribution of roles to eliminate redundancies while maintaining operational effectiveness, resulting in savings in the amount of $392,234; (2) streamlining workflows, automating repetitive tasks, and adopting new technologies to reduce manual efforts and operational inefficiencies, resulting in savings in the amount of $19,359; (3) consolidating supplier relationships and renegotiating contracts to achieve better pricing and terms, resulting in savings in the amount of $77,438; and (4) prioritizing high -impactprojects and reallocating resources accordingly to maximize returns, resulting in savings in the amount of $32,266. Sales and Marketing Expenses For the six months ended June 30, 2024, sales and marketing expenses totaled $0, reflecting a 100% decrease of $76,167 compared to $76,167 for the six months ended June 30, 2023. This reduction was primarily driven by no salary costs and reduced expenditures on advertising and public relations. General and Administrative Expenses General and administrative expenses for the six months ended June 30, 2024 were $376,286, representing a reduction of $497,222 (44.5%) compared to $678