Company: NCEL
Filing Date: 2025-11-06
Form Type: POS AM
Source: 0001213900-25-106799
Chunk: 14

Company: NewcelX Ltd.
Filing Date: 2025-11-06
Form: POS AM
Chunk 14
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 number of new research initiatives that are complementary to our existing and planned research initiatives and thereby recruit additional research and development employees. General and Administrative Expenses General and administrative expenses include personnel costs, expenses for outside professional services, and all other general and administrative expenses. Personnel costs consist of salaries, cash bonuses and benefits. Outside professional services consist of legal fees (including intellectual property and corporate matters), accounting and audit services, IT and other consulting fees. Finance Expense and Income Other expenses include exchange rate differences and financial expenses related to credit card fees. Interest expense relates to interest paid for our financing obligations. Taxation NewcelX is subject to corporate Swiss federal, cantonal and communal taxation in Canton of Zurich, Switzerland. We are entitled under Swiss laws to carry forward any losses incurred for a period of seven years and can offset our losses carried forward against future taxes. As of June 30, 2025, we had tax loss carryforwards totaling $54.6 million. It is not likely that we will make sufficient profits to be able to utilize these tax loss carryforwards in full. As such, we have recorded a 100% valuation on these tax loss carryforwards. The effective corporate income tax rate (federal, cantonal and communal) where we are domiciled is currently 10.6%. Notwithstanding the corporate income tax, the corporate capital is taxed at a rate of 0.1% (cantonal and communal tax only, as there is no federal tax on capital). Value Added Tax, or VAT, is charged on all qualifying goods and services by VAT -registeredbusinesses. An amount of 8.1% of the value of the goods or services is added to all sales invoices and is payable to the Swiss tax authorities. Similarly, VAT paid on purchase invoices is reclaimable from the Swiss tax authorities. Results of Operations The numbers below have been derived from our unaudited interim condensed financial statements included elsewhere in this Report on Form 6 -K. The discussion below should be read along with these financial statements, and it is qualified in its entirety by reference to them. Comparison of the Six Months Ended June 30, 2025 and 2024

|                                     |     | For the Six Months Ended 
 June 30,                 |       2025 |   |     |   |       2024 |   |
|:------------------------------------|:----|:-------------------------|-----------:|:--|:----|:--|-----------:|:--|
| Research and development