Company: MYSZ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023456
Chunk: 32

Company: My Size, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 32
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30, 2025, we sold 1,557,727
shares of common stock pursuant to the Offering Agreement for aggregate gross proceeds of approximately $3,096,000.

Cash
used in operating activities amounted to $2,806,000 for the nine months ended September 30, 2025, compared to $2,523,000 for the nine
months ended September 30, 2024. The increase in cash used in operating activity is derived mainly from the increase in inventory and
customers, offsetting the decrease in net loss.

Net
cash used by investing activities was $196,000 for the nine months ended September 30, 2025, compared to the $60,000 cash provided for
the nine months ended September 30, 2024.

Net
cash provided by financing activities was $2,710,000 for the nine months ended September 30, 2025, compared to $2,626,000 for the nine
months ended September 30, 2024. The cash flow from financing activities for the nine months ended September 30, 2025 resulted from the
issuance of shares during the period.

We
expect that we will continue to generate losses and negative cash flows from operations for the foreseeable future. Based on the projected
cash flows and cash balances as of September 30, 2025, we believe our existing cash will not be sufficient to fund operations for a period
of more than 12 months. As a result, there is substantial doubt about our ability to continue as a going concern. We will need to raise
additional capital, which may not be available on reasonable terms or at all. Additional capital would be used to accomplish the following:

    ●
    finance
    our current operating expenses;

    ●
    pursue
    growth opportunities;

    ●
    hire
    and retain qualified management and key employees;

    ●
    respond
    to competitive pressures;

    ●
    comply
    with regulatory requirements; and

    ●
    maintain
    compliance with applicable laws.

Current
conditions in the capital markets are such that traditional sources of capital may not be available to us when needed or may be available
only on unfavorable terms. Our ability to raise additional capital, if needed, will depend on conditions in the capital markets, economic
conditions, the security situation in Israel, and a number of other factors, many of which are outside our control, and on our financial
performance. Accordingly