GlucoTrack Inc 2025年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period ended March 31, 2025 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period from ________________ to ________________ Commission File Number: 001-41141 GLUCOTRACK, INC. (Exact name of registrant as specified in its charter) Delaware98-0668934(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 301 Route 17 North, Suite 800Rutherford, NJ07070(Address of principal executive offices)(Zip Code) (201) 842-7715(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwas required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, ifany, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was requiredto submit and post such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. Large accelerated filer☐Non-accelerated filer☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of May 14, 2025, 28,642,809 shares of the Company’s common stock, par value $0.001 per share, wereoutstanding. GLUCOTRACK INC. TABLE OF CONTENTS PagePART I - FINANCIAL INFORMATION4Item 1. Financial Statements.4Condensed Consolidated Balance Sheets4Condensed Consolidated Statements of Operations and Comprehensive Loss5Condensed Consolidated Statement of Changes in Stockholders’ Equity6Condensed Consolidated Statements of Cash Flows7Notes to Condensed Consolidated Financial Statements8Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.14Item 3. Quantitative and Qualitative Disclosures About Market Risk.17Item 4. Controls and Procedures.18PART II - OTHER INFORMATION19Item 1. Legal Proceedings19Item 1A Risk Factors19Item 2. Unregistered Sales of Equity Securities and Use of Proceeds19Item 3. Defaults Upon Senior Securities19Item 4. Mine Safety Disclosures19Item 5. Other Information19Item 6. Exhibits.20EXHIBIT INDEX20 CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS ThisQuarterlyReportonForm10-Qincludesforward-lookingstatements.Theseforward-lookingstatements include statements about our expectations, beliefs or intentions regarding our product developmentefforts, business, financial condition, results of operations, strategies or prospects. All statements other thanstatements of historical fact included in this Quarterly Report on Form 10-Q, including statements regarding ourfuture activities, events or developments, including such things as future revenues, product development, clinicaltrials, regulatory approval, market acceptance, responses from competitors, capital expenditures (including theamount and nature thereof), business strategy and measures to implement strategy, competitive strengths, goals,expansion and growth of our business and operations, plans, references to future success, projected performance andtrends,andothersuchmatters,areforward-lookingstatements.Thewords“believe,”“expect,”“intend,”“anticipate,” “estimate,” “plan,” “may,” “will,” “could,” “would,” “should” and other similar words and phrases orthe negative of such terms, are intended to identify forward-looking statements. The forward-looking statementsmade in this Quarterly Report on Form 10-Q are based on certain historical trends, current conditions and expectedfuture developments, as well as other factors we believe are appropriate in the circumstances. These statementsrelate only to events as of the date on which the statements are made and we undertake no obligation to updatepublicly any forward-looking statements, whether as a result of new information, future events or otherwise, exceptas required by law. All of