Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 536

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 536
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 thousands, except per share data

    NOTE 2:-
    SIGNIFICANT ACCOUNTING POLICIES (Cont.)

    d.
    Cash and cash equivalents:

Cash equivalents are short-term highly
liquid investments that are readily convertible to cash with original maturities of three months or less, at the date acquired.

Restricted cash as of December 31, 2024
in respect of the Company’s credit card and manufacturing commitments.

    e.
    Property and equipment:

Property and equipment are stated at
cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the
assets, at the following annual rates:

    Schedule
    of property and equipment useful live rates

    %

    Computers, Software and peripheral equipment

    33%

    Mold & production Equipment

    10%

    Office furniture and equipment

    10%

    f.
    Impairment of long-lived assets:

The Company’s long-lived assets
are reviewed for impairment in accordance with ASC No. 360, “Property, Plant and Equipment” whenever events or changes
in circumstances indicate that the carrying amount of an asset (or asset group) may not be recoverable. Recoverability of assets (or asset
group) to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected
to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount
by which the carrying amount of the assets exceeds the fair value of the assets. During the years ended December 31, 2024 and 2023, no
impairment losses have been recorded.

    g.
    Leases:

In February 2016, the FASB established
Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02. The guidance establishes a right-of-use model (“ROU”)
that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months.
The Group determines if an arrangement is or contains a lease at contract inception.

The Group is a lessee in an operating
lease for a research facility. Operating leases are included in operating lease right-of-use (“ROU”) assets, other current
liabilities, and operating lease liabilities in our consolidated balance sheets.

     F-10 

SATIV