Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 43

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 43
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 12.4%-50%
at December 2023. The Company still assumed a terminal growth rate of 3%. No goodwill impairment was recorded for this reporting unit. 

The
Company performed it annual quantitative assessment as of December 31, 2024 for the fashion and equipment e-commerce platform reporting unit fair value.
The estimated fair value of the fashion and equipment e-commerce platform reporting unit exceeded its estimated carrying amount by 5%.

This was based on the following assumptions:

    Fashion and equipment e-commerce platform 

    Discount rate 
     22.5%

    Terminal growth rate 
     3%

    Revenue growth rate 
     7.5%-65.6%

    F-18

MY
SIZE, INC. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

U.S.
dollars in thousands (except share data and per share data)

NOTE
8 - Investment in JV

In
August 2022, the Company established a joint venture (“JV”) in Brazil with Santista Têxtil. The Company holds 51% and
Santista Têxtil holds 49% of the JV. The purpose of the JV is to serve the Brazilian market according to the business plan that
was set. Both parties agree to make an initial investment in the JV of $198 that will be made per the holding percentage of each party.

During
March 2024, the Company closed the joint venture (“JV”) in Brazil with Santista Têxtil and liquidating the remaining of its investment of
$38.

During
the years ended December 31, 2024 and 2023, the Company recognized equity loss from the JV in an amount of $0 and $71 respectively.

NOTE
9 - Financial Liabilities

The
book value of each of the financial liability categories is an acceptable approximation of fair value.

The
financial liability maturities during the five years following the end of the financial year are shown below:

SCHEDULE OF FINANCIAL LIABILITY MATURITIES

    Until  
    Until  
    Until  
    Until  
    Until  
    TOTAL 

    31-12-25  
    31-12-26  
    31-12-27  
    31-12-28  
    31-12-29  
    31-12-24 

    Debts
    with credit institutions