Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 750

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 750
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 of a former director and former officer of the Company. 

This
Agreement with Mr. Nissensohn was terminated in February 11, 2025 with effective May 11, 2025 date. As of December 31, 2024, the Company
has accrued $60,000 towards amounts owed under this contract.

As
of January 1, 2024, the Company’s subsidiary Dangot Computers, Ltd. entered into a service agreement with the Company’s CEO,
Shai Lustgarten for his role as director and Chairman of the Board of Directors of Dangot Computers. The consideration for this is NIS
25,000 per month (approx. $6,800 USD). The Agreement allows for termination by either party without cause with 90 days written notice.

Haim Dangot, the founder of Dangot Computers, Ltd
and former shareholder of Dangot Computers Ltd., previously was employed with the company on a month to month basis for USD $5,000 per
month. His employment with the Company ended in July 2024.

    F-24

NOTE
16 – CONCENTRATION AND GEOGRAPHIC DATA

For
the year ended December 31, 2024, one customer accounted for 23.7%
of the Company’s revenues. For the year ended December 31, 2023, no customer accounted for more than 10%
of the Company’s revenues.

Information
about Geographic Areas

Revenues
by geography are based on the shipping addresses of our customers. The following tables set forth revenues by geographic area for the
years ended December 31,

 SCHEDULE OF REVENUES BY GEOGRAPHIC AREA

    In thousands 
    2024  
    2023 
  
    Revenues: 

    United States 
    $40,257  
    $33,666 
  
    Israel 
     31,568  
     35,804 
  
    Russia 
     -  
     9,215 
  
    Rest of the world 
     1,748  
     2,508 
  
    Total revenues 
    $73,573  
    $81,193 

The
Company’s operations are subject to various political, economic, and other risks and uncertainties inherent in the countries in
which the Company operates. Among other risks, the Company’s operations are subject to the risks of restrictions on transfer of
funds, export