Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 166

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 166
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     2,110  
     1,863 
  
    Valuation allowance 
     (2,110) 
     (1,863)

    Net deferred tax asset 
    $–  
    $– 

In assessing the realization of deferred
tax assets, management considers whether it is more likely than not that all or some portion of the deferred tax assets will not be realized.
The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which
temporary differences are deductible and net operating losses are utilized. Based on consideration of these factors, the Company recorded
a full valuation allowance at December 31, 2024, and 2023.

    d.
    Net operating carry-forward losses for tax purposes:

As of December 31, 2024, the Company’s
carry-forward losses amounting to approximately $9,763, and Saffron Tech’s carry-forward losses amounting to approximately $2,110,
which can be carried forward for an indefinite period.

     F-27 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

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

NOTE 7:-
FINANCIAL INCOME (EXPENSES), NET

     Schedule of financial income (expenses), net 

    Year ended  
    Year ended 

    December 31,  
    December 31, 

    2024  
    2023 
  
    Bank interest and commissions 
    $–  
    $(7)
  
    Interest income on deposits 
     3  
     14 
  
    Financial Income (expenses) related to revaluation of convertible component in convertible loans 
     (60) 
     441 
  
    Financial expenses related to interest, revaluation of warrants and leases 
     –  
     (175)
  
    Foreign currency transactions and other 
     (8) 
     (45)

     Financial income (expenses), net 
    $(65) 
    $228 

    NOTE 8:-
    LIENS, COMMITMENTS

    a.
    Saffron leases its
    facilities on leases that expired on December
    15, 2024. Lease payments are approximately $5 per month ($60 annually).
    Saffron has the
    option to extend the lease period for two additional option