Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 73

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 73
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13 thousand. Cash provided in 2023
was from the issuance of shares to minority interests of $1,273, offset in part by the repayment of convertible loans in the amount of
$126 thousand, and the repayment of short term loan in the amount of $114.

Year ended December 31, 2023 as compared to
the year ended December 31, 2022

During the year ended December 31, 2023, the Company’s
overall position of cash and cash equivalents decreased by $634 thousand. This decrease in cash can be attributed to the following:

The Company’s net cash used in operating
activities during the year ended December 31, 2023, was $932 thousand as compared to $986 for the year ended December 31, 2022. This decrease
is mostly due to a significant decrease in the net loss of the Company.

The Company’s net cash used in investing
activities during the year ended December 31, 2023, was $721 thousand as compared to $192 for the year ended December 31, 2022. This increase
is mostly due to increase in deposits offset by high investments in Saffron Tech’s new facility, located at Mavki’im year
ended December 31, 2022.

Cash provided by financing activities for the
year ended December 31, 2023, was $1,019 thousand as compared to $1,122 thousand for the year ended December 31, 2022. Cash provided in
2023 was from issuance of shares to minority interests of $1,273 thousand, offset in part by repayment of convertible loans in the amount
of $126 thousand, repayment of short term loan of $114 thousand and lease payments of $14 thousand. Cash provided in 2022 was from the
receipt of $114 in short term loans and $1,308 from issuance of shares to minority interests, offset in part by repayment of convertible
loans in the amount of $278 thousand.

 10 

Off Balance Sheet Arrangements

The Company has no off-balance sheet arrangements
that have or are reasonably likely to have a current or future effect or change on the Company’s financial condition, revenues or
expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance
sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated
with the Company is