Sativus Tech Corp. Files Q2 2025 10-Q

TL;DR

Sativus Tech Corp. (formerly SEEDO) filed its Q2 2025 10-Q. Check financials.

AI Summary

Sativus Tech Corp. filed its 10-Q for the period ending June 30, 2025. The company, formerly known as SEEDO Corp. and GRCR Partners Inc., is based in Bethesda, MD. The filing covers financial performance and operational details for the second quarter of 2025.

Why It Matters

This filing provides investors with an update on Sativus Tech Corp.'s financial health and operational progress during the second quarter of 2025.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report and does not contain immediate red flags.

Key Players & Entities

• SATIVUS TECH CORP. (company) — Filer
• SEEDO CORP. (company) — Former company name
• GRCR Partners Inc (company) — Former company name
• 20250630 (date) — Period of report
• 20250815 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — d 4,215,571 shares of its Common Stock, $0.001 par value, outstanding. When used in t
• $20.00 — nt by (y) the fixed conversion price of $20.00 or (z) 80% of the lowest the volume-wei
• $122 — the conversion feature in the amount of $122 was calculated with the following param
• $12.50 — Company's ordinary shares is less than $12.50 and (ii) there is no equity condition f
• $445 — the conversion feature in the amount of $445 was calculated with the following param
• $1.02 — etion, at the lower of a fixed price of $1.02 (the "Fixed Conversion Price") or 80% o
• $2.00 — of the Company at an exercise price of $2.00 per share, such exercise price is subje
• $58 — gust 7, 2020, and the Company allocated $58 to the BCF as a liability. As of June 3
• $90 — the conversion feature in the amount of $90 was calculated with the following param

Filing Documents

• sativus_i10q-063025.htm (10-Q) — 643KB
• sativus_ex3101.htm (EX-31.1) — 11KB
• sativus_ex3102.htm (EX-31.2) — 11KB
• sativus_ex3201.htm (EX-32.1) — 5KB
• sativus_ex3202.htm (EX-32.2) — 4KB
• 0001683168-25-006219.txt ( ) — 3775KB
• satt-20250630.xsd (EX-101.SCH) — 28KB
• satt-20250630_cal.xml (EX-101.CAL) — 35KB
• satt-20250630_def.xml (EX-101.DEF) — 103KB
• satt-20250630_lab.xml (EX-101.LAB) — 233KB
• satt-20250630_pre.xml (EX-101.PRE) — 209KB
• sativus_i10q-063025_htm.xml (XML) — 592KB

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 2 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 6 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 6 PART II OTHER INFORMATION 7 ITEM 5. OTHER INFORMATION 7 ITEM 6. EXHIBITS 7

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Condensed Consolidated Financial Statements

Item 1. Condensed Consolidated Financial Statements SATIVUS TECH CORP. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2025 1 SATIVUS TECH CORP. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2025 IN THOUSANDS OF U.S. DOLLARS INDEX Page Condensed Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 2024 F-2 Condensed Consolidated Statements of Comprehensive Loss for the Three Months Ended June 30, 2025 (unaudited) and 2024 F-3 Condensed Consolidated Statements of Changes in Shareholders' Deficit for the Three Months Ended June 30, 2025 (unaudited) and 2024 (unaudited) F-4 Condensed Consolidated Statements of Cash Flows for the Three Months Ended June 30, 2025 (unaudited) and 2024 (unaudited) F-5 Notes to Unaudited Consolidated Financial Statements F-6 – F-21 F-1 SATIVUS TECH CORP. CONDENSED CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands, except share and per share data June 30, December 31, 2025 2024 (Unaudited) (Audited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 241 $ 96 Restricted cash 6 11 Accounts receivable 4 – Prepaid expenses and other receivables 18 24 Total current assets 269 131 NON-CURRENT ASSETS Property and equipment, net 347 427 Total non-current assets 347 427 Total assets $ 616 $ 558 LIABILITIES AND SHAREHOLDERS' DEFICIT CURRENT LIABILITIES Accounts payables $ 281 $ 65 Short Term Loans 78 – Convertible loans 2,370 2,249 Loans from related party 74 – Fair value of convertible component in convertible loans 696 771 Other accounts liabilities 269 143 Total current liabilities 3,768 3,228 SHAREHOLDER'S DEFICIT Ordinary shares of $ 0.0001 par value Ordinary shares of $ 0.0001 par value Authorized: 500,000,000 shares at June 30, 2025 and December 31, 2024; Issued and Outstanding: 4,215,571 and 4,215,571 shares at June 30, 2025 and December 31, 2024, respectively 4 4

View Full Filing

View this 10-Q filing on SEC EDGAR