OTC: SATT
SATIVUS TECH CORP.CIK 0001661600 · Management Consulting Services
SATIVUS TECH CORP. (formerly SEEDO CORP.) (the “Company”, “Our” or “We”) was formed on January 16, 2015, under the laws of the State of Delaware. Prior to July 2020, we were involved in producing a plant growing device managed and controlled by an artificial intelligent algorithm, allowing… About this business →
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Latest financial statements
From 10-Q filed May 14, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q3 ended Sep 30, 2025 |
|---|---|---|
| Operating expenses: | ||
| Research and development | 77,000 | 169,000 |
| General and administrative | 71,000 | 151,000 |
| Operating income | (148,000) | (320,000) |
| Other income/(expense), net | (104,000) | (83,000) |
| Net income | (195,000) | (266,000) |
| Basic earnings per share | (0.05) | (0.05) |
| Diluted earnings per share | (0.05) | (0.05) |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | — | 32,000 |
| Accounts receivable, net | 4,000 | 21,000 |
| Prepaid expenses and other current assets | 7,000 | 41,000 |
| Other current assets | 7,000 | 9,000 |
| Total current assets | 18,000 | 103,000 |
| Property, plant and equipment, net | 187,000 | 204,000 |
| TOTAL ASSETS | 205,000 | 307,000 |
| Current liabilities: | ||
| Accounts payable | 283,000 | 267,000 |
| Total liabilities | 3,988,000 | 3,838,000 |
| Shareholders' equity: | ||
| Common stock | 4,000 | 4,000 |
| Capital in excess of stated value | 20,973,000 | 20,973,000 |
| Retained earnings (deficit) | (24,672,000) | (24,477,000) |
| Total shareholders' equity | (3,695,000) | (3,500,000) |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 205,000 | 307,000 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q3 ended Sep 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (73,000) | (482,000) |
| Investing Activities: | ||
| Net cash from investing activities | 2,000 | |
| Financing Activities: | ||
| Net cash from financing activities | 39,000 | |
Amounts in USD as reported; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗
About SATIVUS TECH CORP.
Source: Item 1 (Business) from the 10-K filed April 15, 2026. Description as filed by the company with the SEC.
Item 1. Description of Business.
SATIVUS TECH CORP. (formerly SEEDO CORP.) (the
“Company”, “Our” or “We”) was formed on January 16, 2015, under the laws of the State of Delaware.
Prior to July 2020, we were involved in producing a plant growing device managed and controlled by an artificial intelligent algorithm,
allowing consumers to grow their own herbs and vegetables effortlessly from seed to plant, while providing optimal conditions to assure
premium quality produce year-round. However, due to financial and operational difficulties and during 2020, we ceased these operations
and on July 19, 2020, the Company formed a new wholly-owned subsidiary in Israel, Hachevra Legiduley Pkaot Beisrael Ltd. (the “New
Subsidiary”), to develop a fully automated and remotely managed system for growing saffron and other vegetables. On November 5,
2020, the New Subsidiary changed its name to Saffron-Tech Ltd. (or “Saffron Tech”). As of the date of this report, and following
various financings in Saffron Tech, the Company owns 54% of Saffron Tech.
The Company, through Saffron Tech, is focusing
on development of agriculture and technological products, in the fields of exotic plants.
Saffron Tech has developed a comprehensive agronomic
and agrotechnical protocol for the cultivation of saffron. Moreover, the company has innovated proprietary Controlled Environment Agriculture
(CEA) technology, designed to execute, monitor, and optimize this cultivation protocol effectively. Furthermore, Saffron Tech has established
a meticulous extraction protocol to ensure the production of high-quality saffron extract. This holistic approach underscores the company's
commitment to advancing saffron cultivation and extraction through cutting-edge technological solutions.
Read full description ↓
Saffron Tech is poised to launch its proof of
concept pilot site for commercial saffron cultivation in the upcoming months. This initiative aims to introduce an advanced Controlled
Environment Agriculture (CEA) system, facilitating the year-round cultivation of saffron irrespective of external climatic conditions.
The system is engineered to ensure a continuous and dependable yield of saffron, maintaining consistent quality and quantity in a cost-effective
manner.
Saffron finds application across multiple sectors,
notably within the culinary realm where it is favored by renowned chefs and Michelin-starred establishments, the natural cosmetics sector,
and the nutraceuticals industry. The recognition of saffron for its medicinal properties, including its use as an antidepressant, antioxidant,
and antiseptic, is on the rise. The total Saffron Tech market opportunity evaluated as $2.3B in 2023, and is anticipated to grow up to
$3.7B by 2032. The market opportunity is based on the Saffron Marker, Saffron extraction market, and potential segments in the nutraceutical
and cosmetical use markets.
In April 2022, Saffron Tech announced its new
state-of-the-art indoor research and development center is operational. As of April 2022 Saffron Tech successfully completing four Saffron
cultivation cycles a year, using CEA, while traditional agriculture only produces one harvest of saffron per year.
On December 9, 2021, we implemented a 1-for-10
consolidation, or reverse split, of our issued and outstanding common shares. Except where otherwise indicated, all share and per share
data in this 10-K have been retroactively restated to reflect the reverse stock split.
On December 13, 2021,
the Company changed its name from Seedo Corp to Sativus Tech Corp. On the same day the Company also announced the appointment of Tal Wilk-Glazer
as the CEO of Saffron Tech. Wilk-Glazer joins Saffron-Tech after finishing her job at Salesforce as Salesforce’s Industries Eastern
Europe, Africa and Israel regional director.
1
On January 6, 2022, the Company announced that
its subsidiary, Saffron Tech, has planted approximately 25,000 Saffron bulbs in fields in the Golan Heights, in Northern Israel. The plantation
is being managed in conjunction with the Shamir Research Institute, which operates under the auspices of the Haifa University, Israel.
On April 4, 2022, the
Company announced that Mr. Moshe Bar Siman Tov and Mrs. Iris Tova Ginsburg have resigned from the Board of Directors of the Company,
and immediately appointment of Mrs. Tal Wilk-Glazer to its Board of Directors and as CEO of the Company.
On August 30, 2022, Saffron Tech, announced its
intention to raise up to 5 million New Israeli Shekels (“NIS”) (approximately $1.5 million) at a pre-money valuation of NIS
32.5 million (approximately $10 million) through the Israeli crowdfunding platform – Pipelbiz (“2022 Crowd Funding Round”).
Assuming the maximum amount is raised, the Company will own approximately 61% of the Saffron Tech. The 2022 Crowd Funding Round was closed
on December 1, 2022, having raised 3.8 million NIS (approximately $1.3 million). Fund raising expenses accumulated to $152 and the net
amount raised through Pipelbiz was $1.15 million. Saffron Tech also raised 1.15 million NIS (approximately $328 thousand) through the
issuance of SAFEs. The SAFEs are convertible at a 20% discount to the current crowd funding round. Sativus Tech’s interest in Saffron
Tech now totals 67.5% post-raise. All SAFEs were converted before December 31, 2024. Saffron Tech continued to raise funds through Pipelbiz
under the same pre-money valuation during December 2022 through to January 2023, via another crowd funding round “2023 Crowd Funding
Round” which closed on February 5, 2023, having raised another 1.1 million NIS (approximately $314 thousand).
On March 1, 2023, Saffron Tech entered into an
investment agreement with Korean-based company, Dreamtech Co Ltd (“Dreamtech”), a leading provider and manufacturer
of tech components for innovative products including advanced mobile and medical devices. Under this new agreement, Dreamtech will fund
an initial investment of $1 million followed by an additional $1 million upon a successful cultivation of saffron in Korea. Saffron Tech
aims to be the first company to create a large-scale production of saffron using vertical farming technology to meet the growing demand
of the spice for use in beauty, wellness, and pharmaceutical applications. Dreamtech and Saffron Tech started a mutual POC in Korea. The
POC results expected to be amounted in Q1/24. The Company’s interest in Saffron Tech now totals 54% post-raise.
On October 20th,
2025, our Director & CEO Mr. Shmulik Yannay resigned from the Board & his position as CEO. This was not the result of any disagreements
with the Company. On the same day, the Board appointed Mr. Michael Oster to replace Mr. Yannay as a Director and CEO. At the same time
the Board additionally appointed Mr. Shaul Trabelsi as a Director and Board Member.