Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 799

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 799
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 FOR OPERATING LEASES 

    In thousands 

    Year 
    Minimum
                                                                               lease payments 
  
    2025 
    $707 
  
    2026 
     379 
  
    2027 
     - 
  
    Total 
     1,086 
  
    Less interest 
     (32)
  
    Present value of future minimum lease payments 
     1,054 
  
    Less current obligations 
     (701)
  
    Long term lease obligations 
    $353 

Guarantees
in Dangot Computers.

A.
As security for credit received from an unrelated entity, a floating charge without limitation was imposed on securities and other negotiable
instruments, including the rights thereto, in addition a general floating charge on the company’s assets and property, share capital,
goodwill, insurance rights, and promissory notes to which the company has or will have rights.

B.
As security for credit received from a banking corporation, a first-ranking fixed charge without limitation was imposed on the unpaid
share capital, goodwill, and promissory notes that the company has delivered or will deliver to the bank as security, for collection,
or for safekeeping.

C.
As security for credit received from the credit company, the company signed a promissory note as discussed in Note 12 – Notes Payable.

D.
As of the balance sheet date, there are contingent liabilities for bank guarantees provided to customers as performance guarantees, amounting
to approximately NIS 1.9 million (approximately USD $475 thousand).

E.
As of the balance sheet date, there are liabilities for payments under documentary credit amounting to approximately NIS 328 thousand
(approximately USD $82 thousand).

LITIGATION

The
Company was named a defendant in a case involving a former employee who claims he is owed approximately $60 thousand in unpaid commissions.
This case was settled in February 2024.

On
November 3, 2024 a commercial real estate company filed a lawsuit against Dangot Computers, OmniQ Technologies and some of Dangot’s
officers alleging breach of a letter of intent for a lease arrangement. The claims were brought in an Israeli court. The initial claim
against Dangot Computers is NIS 21 million approximately US $5.6 million. The Company believes that it has meritorious
defenses to such action and intends to vigorously defend itself; however, at this stage it