2023 Q1 Form 10-K Financial Statement

#000149315223012237 Filed on April 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $720.0K $2.530M $4.459M
YoY Change 80.0% 6225.0% 3303.82%
Cost Of Revenue $1.147M $2.220M $3.825M
YoY Change 358.8%
Gross Profit -$427.0K $310.0K $634.0K
YoY Change -1223.68% 675.0% 383.97%
Gross Profit Margin -59.31% 12.25% 14.22%
Selling, General & Admin $1.723M $2.140M $7.043M
YoY Change -6.66% -9.32% 9.02%
% of Gross Profit 690.32% 1110.88%
Research & Development $342.0K $550.0K $1.701M
YoY Change -16.99% 34.15% -59.96%
% of Gross Profit 177.42% 268.3%
Depreciation & Amortization $27.00K $70.00K $38.00K
YoY Change -25.0% 600.0% -9.52%
% of Gross Profit 22.58% 5.99%
Operating Expenses $2.065M $2.690M $8.744M
YoY Change -8.55% -2.89% -18.34%
Operating Profit -$2.492M -$2.380M -$8.110M
YoY Change 18.38% -12.82% -23.32%
Interest Expense -$180.0K -$40.00K -$240.0K
YoY Change 125.0% -500.0% -500.0%
% of Operating Profit
Other Income/Expense, Net -$146.0K -$236.0K
YoY Change 75.9% -514.04%
Pretax Income -$2.672M -$2.420M -$8.346M
YoY Change 22.12% -11.03% -20.67%
Income Tax -$18.00K -$40.00K -$36.00K
% Of Pretax Income
Net Earnings -$2.654M -$2.380M -$8.310M
YoY Change 21.3% -12.5% -21.01%
Net Earnings / Revenue -368.61% -94.07% -186.36%
Basic Earnings Per Share -$1.68 -$7.47
Diluted Earnings Per Share -$1.68 -$1.69 -$7.47
COMMON SHARES
Basic Shares Outstanding 2.447M shares 36.13M shares 1.112M shares
Diluted Shares Outstanding 197.8K shares 1.112M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.420M $2.147M $2.100M
YoY Change -69.13% -80.08% -80.32%
Cash & Equivalents $2.415M $2.100M $2.100M
Short-Term Investments $47.00K
Other Short-Term Assets $260.0K $260.0K $260.0K
YoY Change -3.7% -3.7% -3.7%
Inventory $491.0K $997.0K $1.000M
Prepaid Expenses $322.0K
Receivables $1.008M $1.940M $1.940M
Other Receivables $780.0K $760.0K $760.0K
Total Short-Term Assets $4.953M $6.058M $6.060M
YoY Change -53.01% -47.6% -47.58%
LONG-TERM ASSETS
Property, Plant & Equipment $107.0K $140.0K $720.0K
YoY Change -89.19% 25.0% -19.1%
Goodwill $1.412M $1.395M
YoY Change
Intangibles $1.313M $1.377M
YoY Change
Long-Term Investments $100.0K $150.0K $150.0K
YoY Change 11.11% 36.36% 36.36%
Other Assets $30.00K $30.00K $30.00K
YoY Change 0.0%
Total Long-Term Assets $3.515M $3.669M $3.670M
YoY Change 102.01% 268.37% 267.0%
TOTAL ASSETS
Total Short-Term Assets $4.953M $6.058M $6.060M
Total Long-Term Assets $3.515M $3.669M $3.670M
Total Assets $8.468M $9.727M $9.730M
YoY Change -31.04% -22.54% -22.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.770M $2.490M $2.490M
YoY Change -3.8% 128.44% 128.44%
Accrued Expenses $160.0K $160.0K $160.0K
YoY Change -11.11% 14.29% 14.29%
Deferred Revenue
YoY Change
Short-Term Debt $158.0K $155.0K $160.0K
YoY Change -31.3%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.851M $4.179M $4.180M
YoY Change 26.71% 240.31% 239.84%
LONG-TERM LIABILITIES
Long-Term Debt $342.0K $376.0K $380.0K
YoY Change 144.29%
Other Long-Term Liabilities $300.0K $310.0K $310.0K
YoY Change -41.18% -34.04% -34.04%
Total Long-Term Liabilities $955.0K $1.012M $690.0K
YoY Change 46.92% 113.95% 46.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.851M $4.179M $4.180M
Total Long-Term Liabilities $955.0K $1.012M $690.0K
Total Liabilities $3.806M $5.191M $5.190M
YoY Change 27.72% 205.17% 205.29%
SHAREHOLDERS EQUITY
Retained Earnings -$56.16M -$53.50M
YoY Change 18.39%
Common Stock $2.000K $1.000K
YoY Change -95.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.662M $4.536M $4.540M
YoY Change
Total Liabilities & Shareholders Equity $8.468M $9.727M $9.730M
YoY Change -31.04% -22.54% -22.53%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$2.654M -$2.380M -$8.310M
YoY Change 21.3% -12.5% -21.01%
Depreciation, Depletion And Amortization $27.00K $70.00K $38.00K
YoY Change -25.0% 600.0% -9.52%
Cash From Operating Activities -$2.313M -$1.430M -$7.290M
YoY Change -10.31% -56.93% -0.1%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $27.00K
YoY Change -100.0% 17.39%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$670.0K -$970.0K
YoY Change -100.0% -638.89%
Cash From Investing Activities -$660.0K -$993.0K
YoY Change 6500.0% -716.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.634M -30.00K -$67.00K
YoY Change 37528.57% -100.29% -100.41%
NET CHANGE
Cash From Operating Activities -$2.313M -1.430M -$7.290M
Cash From Investing Activities -660.0K -$993.0K
Cash From Financing Activities $2.634M -30.00K -$67.00K
Net Change In Cash $313.0K -2.120M -$8.580M
YoY Change -111.06% -129.86% -193.58%
FREE CASH FLOW
Cash From Operating Activities -$2.313M -$1.430M -$7.290M
Capital Expenditures $0.00 $27.00K
Free Cash Flow -$2.313M -$1.430M -$7.317M
YoY Change -11.04% -57.06% -0.04%

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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8541000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
4536000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
4536000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-8310000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-10520000 usd
CY2022 us-gaap Depreciation
Depreciation
38000 usd
CY2021 us-gaap Depreciation
Depreciation
42000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
135000 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
43000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
155000 usd
CY2022 mysz Revaluation Of Warrants And Derivatives
RevaluationOfWarrantsAndDerivatives
-23000 usd
CY2021 mysz Revaluation Of Warrants And Derivatives
RevaluationOfWarrantsAndDerivatives
1000 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
635000 usd
CY2022 mysz Interest On Long Term Liabilities
InterestOnLongTermLiabilities
10000 usd
CY2022 us-gaap Interest Paid
InterestPaid
10000 usd
CY2022 mysz Revaluation Of Investment In Marketable Securities
RevaluationOfInvestmentInMarketableSecurities
-62000 usd
CY2021 mysz Revaluation Of Investment In Marketable Securities
RevaluationOfInvestmentInMarketableSecurities
49000 usd
CY2021 mysz Restricted Shares Issued To Shareholders
RestrictedSharesIssuedToShareholders
2618000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
455000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
373000 usd
CY2022 mysz Issuance Of Shares Post Business Combination
IssuanceOfSharesPostBusinessCombination
319000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
219000 usd
CY2022 mysz Increase Decrease In Deferred Tax Liabilities
IncreaseDecreaseInDeferredTaxLiabilities
36000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1863000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-142000 usd
CY2022 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-184000 usd
CY2021 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
99000 usd
CY2022 mysz Increase Decrease In Trade Payable
IncreaseDecreaseInTradePayable
1315000 usd
CY2021 mysz Increase Decrease In Trade Payable
IncreaseDecreaseInTradePayable
253000 usd
CY2022 mysz Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
5000 usd
CY2021 mysz Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
53000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7290000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7297000 usd
CY2022 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
767000 usd
CY2021 mysz Proceeds From Restricted Deposits Net
ProceedsFromRestrictedDepositsNet
184000 usd
CY2022 mysz Payment Of Investing In Other Receivable
PaymentOfInvestingInOtherReceivable
100000 usd
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
99000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-993000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
161000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12583000 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
67000 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3709000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-67000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16292000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-230000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8580000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9169000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10943000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1774000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2363000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10943000 usd
CY2022Q4 mysz Acquire Interest In Venture Profits Percentage
AcquireInterestInVentureProfitsPercentage
0.18 pure
CY2022 mysz Ventures Development Period
VenturesDevelopmentPeriod
P7Y
CY2022 mysz Purchasing Venture Agreement Terms
PurchasingVentureAgreementTerms
As part of the agreement, the Seller received an option to buy back the Assets for consideration which will reflect the market fair value at that time, on the occurrence of the following events: a) if a motion is filed to liquidate the Company; b) if seven years after signing the agreement, the Company’s total accumulated revenues, direct or indirect, from the Venture or the commercialization of the patent will be lower than NIS 3.6 million.
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Before Tax1
AccumulatedOtherComprehensiveIncomeLossBeforeTax1
3600000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-53501000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_z0dSdJZheamd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">a.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_869_zoqEzMoofulh">Use of estimates</span>:</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify">Information about assumptions made by the Company with respect to the future and other reasons for uncertainty with respect to estimates that have a significant risk of resulting in a material adjustment to carrying amounts of assets and liabilities in the next financial year are included in the following notes:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><span style="text-decoration: underline">Acquisitions of subsidiaries</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify">The Company measures the fair value of the consideration transferred (including contingent consideration) and fair value of the assets acquired and liabilities assumed, in business combination transactions. For information on details on fair value measurement in acquisition of subsidiaries, see Note 16 regarding business combinations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="text-decoration: underline">Estimated impairment of non-financial assets</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 1in"><span style="text-decoration: underline"/>The Company examines on an annual basis whether there is an impairment of goodwill, intangibles and property, plant and equipment that are allocated to cash generating units, in accordance with the accounting policy presented in Note 1(h) below. Recoverable amounts of cash-generating units are determined on the basis of value-in-use calculations. These calculations require the use of estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify">For information on key assumptions used in calculation of the recoverable amount, see note 7 – Goodwill and other Intangible assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">b.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_860_zjAmQquKW1f4">Functional currency</span>:</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The currency of the primary economic environment in which the operations of the Company is conducted is the United States Dollar and thus it is the Company’s functional currency. The reporting currency according to which these financial statements are prepared is the U.S. dollar.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The currency of the primary economic environment in which the operation of the Subsidiary, My Size Israel and Orgad International Marketing Ltd. functional currency is the New Israeli Shekel (“NIS”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The currency of the primary economic environment in which the operation of the Subsidiary, My Size LLC, functional currency is Russian Ruble.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The currency of the primary economic environment in which the operation of the Subsidiary, Naiz fit, functional currency is Euro.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>MY SIZE, INC. AND ITS SUBSIDIARIES</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <div style="margin: 0pt auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>U.S. dollars in thousands (except share data and per share data)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 2 -</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SIGNIFICANT ACCOUNTING POLICIES (Cont.)</b></span></p>
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
21082000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
328000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
287964 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
31.00
CY2021 mysz Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm
P4Y4M6D
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
216859 shares
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
36.75
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.0833 pure
CY2022 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
measure the tax benefit as the largest amount that is greater than 50 percent (cumulative basis) likely to be realized upon settlement.
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
328 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_zAfLY0flMykh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">r.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_86A_zNkUUWxomqG">Concentrations of credit risk</span>:</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company and its subsidiaries to concentrations of credit risk consist principally of cash and cash equivalents.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash and cash equivalents are invested in banks in Israel, Spain and United States. Such deposits in United States may be in excess of insured limits and are not insured in other jurisdictions. Management believes that the financial institutions that hold the Company’s investments are financially sound and, accordingly, minimal credit risk exists with respect to these investments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company and its subsidiaries have no off-balance-sheet concentration of credit risk such as foreign exchange contracts, option contracts or other foreign hedging arrangements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>MY SIZE, INC. AND ITS SUBSIDIARIES</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <div style="margin: 0pt auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>U.S. dollars in thousands (except share data and per share data)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 2 -</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SIGNIFICANT ACCOUNTING POLICIES (Cont.)</b></span></p>
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
156000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
179000 usd
CY2022Q4 mysz Finite Lived Intangible Asset Net
FiniteLivedIntangibleAssetNet
1312000 usd
CY2020 mysz Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm
P4Y3M3D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
206214 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
135109 shares
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2100000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10670000 usd
CY2021Q4 mysz Deferred Tax Assets Warrants And Options
DeferredTaxAssetsWarrantsAndOptions
126000 usd
CY2022Q4 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
390000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
322000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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7560000 usd
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FinancialIncome
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CY2022 mysz Financial Expense
FinancialExpense
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CY2021 mysz Financial Expense
FinancialExpense
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