{"url_path":"/sec/hmelf/10-k/2026/item-8","section_key":"item-8","section_title":"Item 8 FINANCIAL INFORMATION**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1853630/0001213900-26-056780-index.html","accession_number":"0001213900-26-056780","cik":"0001853630","ticker":"HMELF","issuer_name":"Hold Me Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1853630/0001213900-26-056780-index.html","primary_entity_key":"0001853630","primary_entity_name":"Hold Me Ltd"},"word_count":5745,"has_tables":true,"body_markdown":"**ITEM\n8. FINANCIAL INFORMATION**\n\n \n\n33\n\n \n\n**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING\nFIRM**\n\n \n\nTo the Board of Directors and Stockholders\nof\n\nHold Me Ltd.\n\n \n\n**Opinion on the Financial Statements**\n\n** **\n\nWe have audited the accompanying consolidated\nbalance sheets of Hold Me Ltd. and its subsidiary (the “Company”) as of December 31, 2025 and 2024, the related consolidated\nstatements of operations and comprehensive loss, changes in stockholders’ equity and cash flows for the years then ended, and the\nrelated notes (collectively referred to as the “Financial Statements”). In our opinion, the financial statements present fairly,\nin all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and\nits cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.\n\n \n\n**Going Concern**\n\n** **\n\nThe accompanying financial statements have been\nprepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, The Company\nhas suffered recurring losses from operations, and is dependent upon external sources for financing its operations. These matters, among\nothers, raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plan regarding to\nthese matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome\nof this uncertainty.\n\n \n\n**Basis for Opinion**\n\n** **\n\nThese financial statements are the responsibility\nof the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our\naudit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”)\nand are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable\nrules and regulations of the Securities and Exchange Commission and the PCAOB.\n\n \n\nWe conducted our audits in accordance with the\nstandards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the\nfinancial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were\nwe engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an\nunderstanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of\nthe Company’s internal control over financial reporting. Accordingly, we express no such opinion.\n\n \n\nOur audits included performing procedures to\nassess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that\nrespond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial\nstatements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well\nas evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.\n\n \n\nWe have served as the\nCompany’s auditor since 2024.\n\n \n\n*/s/ Barzily and Co. CPA’s*  \n\nBARZILY AND CO., CPA’s  \n\nJerusalem, Israel  \n\nMay 13, 2026  \n\nID 2015  \n\n \n\nF-1\n\n \n\n** **\n\n**Hold Me Ltd**\n\n \n\n**Consolidated Balance Sheets**\n\n \n\n  \n  \nAs at December 31 \n\n  \n  \n2025  \n2024 \n\n  \nNotes \nNew Israeli Shekels (“NIS”) \n\nCurrent Assets \n  \n   \n  \n\nCash and Cash Equivalents \n3 \n 13,720  \n 54,731 \n\nShort term Investments \n  \n 12,447  \n 3,902 \n\nOther Account Receivables \n4 \n 45,707  \n 55,762 \n\nLoans Granted \n5 \n 55,863  \n 474,950 \n\nTotal Current Assets \n  \n 127,737  \n 589,345 \n\n  \n  \n    \n   \n\nIntangible Assets \n6 \n \n-\n  \n 62,500 \n\nInvestment \n7 \n \n-\n  \n 80,000 \n\nTotal non-current assets \n  \n \n-\n  \n 142,500 \n\nTotal Assets \n  \n 127,737  \n 731,845 \n\n  \n  \n    \n   \n\nCurrent Liabilities \n  \n    \n   \n\nLoans from related parties \n12 \n 3,180,324  \n 2,346,048 \n\nTrade payables \n  \n 9,235  \n 18,104 \n\nOther accounts payables – related party \n8 \n 420,000  \n 840,000 \n\nOther accounts payables \n8 \n 70,000  \n 147,627 \n\nTotal Current Liabilities \n  \n 3,679,559  \n 3,351,779 \n\n  \n  \n    \n   \n\nShareholders’ Deficit \n  \n    \n   \n\nConvertible preferred stock, NIS 0.01 par value 10,000,000 shares authorized, issued and outstanding as of December 31, 2025 and 2024 \n9 \n 100,000  \n 100,000 \n\nCommon stock, NIS 0.01 par value 990,000,000 share authorized; 2,282,124 issued and outstanding shares as of December 31, 2025 and 2024 \n9 \n 22,821  \n 22,821 \n\nAdditional paid-in capital \n  \n 1,049,703  \n 1,049,703 \n\nAccumulated Deficit \n  \n (4,724,346) \n (3,792,458)\n\nTotal Shareholders’ Deficit \n  \n (3,551,822) \n (2,619,934)\n\nTotal Liabilities and Shareholders’ Deficit \n  \n 127,737  \n 731,845 \n\n \n\nSee Accompanying Notes to Consolidated Financial\nStatements.\n\n \n\nF-2\n\n \n\n \n\n**Hold Me Ltd**\n\n \n\n**Consolidated Statements of Comprehensive\nIncome (Loss)**\n\n \n\n  \n  \nFor the Year Ended\nDecember 31, \n\n  \n  \n2025  \n2024 \n\n  \nNotes \nNIS \n\nRevenues \n  \n \n-\n  \n 55,845 \n\nCost of revenues \n  \n \n-\n  \n \n-\n \n\nGross profit \n  \n \n-\n  \n 55,845 \n\nManagement fees credited to related party \n12 \n (420,000) \n (420,000)\n\nSelling, administrative and general expenses \n10 \n (269,024) \n (319,681)\n\nOperating Loss \n  \n (689,024) \n (683,836)\n\nFinancial expenses, net \n11 \n (162,864) \n (94,380)\n\nLoss for the year after financing \n  \n (851,888) \n (778,216)\n\nOther income (expenses) \n  \n (80,000) \n 20,000 \n\nNet Loss \n  \n (931,888) \n (758,216)\n\n  \n  \n    \n   \n\nBasic loss per ordinary share \n  \n (0.41) \n (0.33)\n\nDiluted loss per ordinary share \n  \n (0.41) \n (0.33)\n\n  \n  \n    \n   \n\nWeighted-average number of ordinary shares outstanding: \n  \n    \n   \n\nBasic \n  \n 2,282,124  \n 2,282,124 \n\nDiluted \n  \n 2,282,124  \n 2,282,124 \n\n \n\nSee Accompanying Notes to Consolidated Financial\nStatements.\n\n \n\nF-3\n\n \n\n \n\n**Hold Me Ltd**\n\n \n\n**Statements of Changes in Shareholders’\nDeficit**\n\n \n\n  \nNIS \n\n  \nPreferred Stock  \nCommon Stock  \nAdditional\nPaid in  \nAccumulated  \nTotal \n\n  \nNumber  \nAmount  \nNumber  \nAmount  \nCapital  \nDeficit  \nDeficiency \n\nBalance as of January 1, 2024 \n 10,000,000  \n 100,000  \n 2,282,124  \n 22,821  \n 1,049,703  \n (3,034,242) \n (1,861,718)\n\nTotal comprehensive income \n -  \n \n-\n  \n -  \n \n-\n  \n \n-\n  \n (758,216) \n (758,216)\n\nBalance at December 31, 2024 \n 10,000,000  \n 100,000  \n 2,282,124  \n 22,821  \n 1,049,703  \n (3,792,458) \n (2,619,934)\n\nTotal comprehensive loss \n -  \n \n-\n  \n -  \n \n-\n  \n \n-\n  \n (931,888) \n (931,888)\n\nBalance as of December 31, 2025 \n 10,000,000  \n 100,000  \n 2,282,124  \n 22,821  \n 1,049,703  \n (4,724,346) \n (3,551,822)\n\n \n\nSee Accompanying Notes to Consolidated Financial\nStatements.\n\n \n\nF-4\n\n \n\n \n\n**Hold Me Ltd**\n\n \n\n**Consolidated Statements of Cash Flows**\n\n \n\n  \nFor the Year Ended\nDecember 31, \n\n  \n2025  \n2024 \n\n  \nNIS \n\nCash flows from operating activities: \n   \n  \n\nNet loss \n (931,888) \n (758,216)\n\nAdjustments to reconcile net loss to net cash used in operating activities: \n    \n   \n\nDepreciation and amortization \n 62,500  \n 63,919 \n\nImpairment provision \n 80,000  \n \n-\n \n\nFinancing expenses, net \n 173,823  \n 83,204 \n\nDecrease (Increase) in trade and other account receivable \n 10,055  \n (11,302)\n\nIncrease (Decrease) in Trade payables \n (8,868) \n 3,599 \n\nManagement fees credited to related party loan \n 420,000  \n 420,000 \n\nIncrease in other account payables \n (77,627) \n 35,190 \n\nNet cash used in operating activities \n (272,005) \n (163,606)\n\n  \n    \n   \n\nCash flows from investing activities: \n    \n   \n\nLoans granted \n 423,137  \n 158,000 \n\nNet cash provided by investing activities \n 423,137  \n 158,000 \n\n  \n    \n   \n\nCash flows from financing activities: \n    \n   \n\nShort term loans from related parties \n (192,143) \n (58,873)\n\nRepayment of Loans from banking institutions \n \n-\n  \n (16,622)\n\nNet cash used in financing activities \n (192,143) \n (75,495)\n\n  \n    \n   \n\nDecrease in cash and cash equivalents \n (41,011) \n (81,101)\n\nCash and cash equivalents at the beginning of the year \n 54,731  \n 135,832 \n\nCash and cash equivalents at the end of the year \n 13,720  \n 54,731 \n\n  \n    \n   \n\nSupplemental disclosure of cash flow information: \n    \n   \n\nCash repaid during the year for: \n    \n   \n\nInterest \n (14,863) \n \n \n \n\n  \n    \n   \n\nSupplemental disclosures of non- cash flow information: \n    \n   \n\nConversion of management fees payable into a related party loan \n 840,000  \n \n \n \n\n \n\n \n\nSee Accompanying Notes to Consolidated Financial\nStatements.\n\n \n\nF-5\n\n \n\n \n\n**Hold Me Ltd.**\n\n \n\n**Notes\nto Consolidated Financial Statements**\n\n \n\n**Note 1 - General**\n\n \n\nA.\nHold me Ltd. (“The Company”) was incorporated under the laws of the state of Israel and commenced operations as a private company in January 2007, under Companies Registrar number 513933218.\n\n \n\nSince 2021, The Company’s common stock is traded on the OTC Markets, OTC Pink tier, under the symbol “HMELF”.\n\n \n\nThe company holds a basic non-banking credit license, which authorizes it to provide credit in Israel up to a total amount of NIS 25,000,000.\n\n \n\nB.**Going Concern:**\n\n \n\nThe financial statements are presented\non a going-concern basis. The Company has suffered recurring losses from operations, and is dependent upon external sources for financing\nits operations. As of December 31, 2025, the Company has an accumulated deficit of NIS 4,724,346, a stockholders’ deficiency\nof NIS 3,551,822, and a working capital deficiency in the amount of NIS 3,551,822. These matters, among others, raise substantial doubt\nabout the Company’s ability to continue as a going concern. The Company intends to continue to finance its operating activities\nby raising capital. There are no assurances that the Company will be successful in obtaining an adequate level of financing needed for\nits activities on commercially reasonable terms or at all. If the Company will not have sufficient liquidity resources, the Company may\nnot be able to continue the development of its operations.\n\n \n\nThe financial statements do not include\nany adjustments for the values of assets and liabilities and their classification that may be necessary in the event that the Company\nis no longer able to continue its operations as a “going concern”.\n\n \n\nC.**Israel – Hamas war**\n\n \n\nIn October 2023, a large-scale terrorist\nattack in southern Israel led to the outbreak of armed conflict between Israel and Hamas. The conflict subsequently expanded to additional\nregional fronts and contributed to a period of heightened geopolitical and security instability in the region.\n\n \n\nDuring 2024 and 2025, hostilities\nincluded military operations in Lebanon and direct confrontations involving Iran. These developments increased regional uncertainty and,\nat times, resulted in temporary disruptions to the Company’s operations in Israel, including limited interruptions to routine business\nactivities.\n\n \n\nIn September 2025, a ceasefire agreement\nwas reached between Israel and Hamas, and all remaining living Israeli hostages were released and returned to Israel. While the ceasefire\nhas generally held as of the date of these financial statements, the security situation remains sensitive, and the potential for renewed\nhostilities or broader regional escalation cannot be ruled out. More recently, on February 28, 2026, hostilities between Israel and Iran\nescalated again. Israel, together with the United States, conducted a major joint military campaign of air and missile strikes against\ntargets in Iran, which triggered a broad Iranian response and contributed to significant regional instability. The situation remains highly\nfluid, and management is unable to predict when, or on what terms, this escalation will be resolved. Accordingly, the extent of the continued\nimpact on the Company’s operations and financial results, if any, cannot be reasonably estimated at this time.\n\n \n\nGiven that the majority of the Company’s\noperations are conducted in Israel, and that all members of the Company’s board of directors and management, as well as most employees,\nconsultants, and service providers, are located in Israel, the Company is directly affected by the economic, political, geopolitical,\nand military conditions impacting the region. As of December 31, 2025, while ceasefire arrangements with Hamas, Lebanon and Iran were\ngenerally in effect and large-scale military operations had subsided, the overall security environment in Israel and the surrounding region\nremained unstable and unpredictable. Any further escalation or expansion of the conflict could negatively affect both regional and global\nconditions, and may adversely impact the Company’s business, financial condition, and results of operations.\n\n \n\nF-6\n\n \n\n \n\n**Hold Me Ltd.**\n\n \n\n**Notes to Consolidated Financial Statements**\n\n \n\n**Note 2 - Summary of Significant Accounting\nPolicies**\n\n \n\nThe principal accounting policies, consistently\napplied in the preparation of the financial statements, are as follows:\n\n \n\nA.**Financial Statements\nReporting Basis**\n\n \n\nThe financial statements are prepared in accordance\nwith accounting principles generally accepted in the United States of America (“US GAAP”), and are expressed in New Israeli\nShekel (“NIS”).\n\n \n\nB.**Principle of Consolidation:**\n\n** **\n\nThe accompanying consolidated financial statements\ninclude the accounts of the Company and its subsidiary. All significant intercompany balances and transactions have been eliminated on\nconsolidation.\n\n \n\nC.**Cash and Cash Equivalents**\n\n \n\nThe Company considers high-liquidity investments,\nincluding short-term cash deposits in banks (up to three months), as cash equivalents.\n\n \n\nD.**Intangible assets**\n\n** **\n\nIntangible assets that are not considered to\nhave an indefinite useful life are amortized using the straight-line basis over their estimated useful lives, as noted below. Recoverability\nof these assets is measured by a comparison of the carrying amount of the asset to the undiscounted future cash flows expected to be\ngenerated by the assets. If the assets are considered to be impaired, the amount of any impairment is measured as the difference between\nthe carrying value and the fair value of the impaired assets.\n\n \n\nIntangible assets and their useful lives are as follows:\n\n \n\n    **Useful\nLife (in years)**\n\n     \n\nLicense (see Note 6)   2\n\n \n\nE.**Use of Estimates**\n\n \n\nThe Company prepares the consolidated financial statements in accordance\nwith accounting principles generally accepted in the United States of America, which requires management to use its judgment to make estimates\nand assumptions that affect the reported amounts of assets and liabilities and related disclosures at the date of the consolidated financial\nstatements and the reported amounts of revenues and expenses during the reported period. These assumptions and estimates could have a\nmaterial effect on our consolidated financial statements. Actual results may differ materially from those estimates. The company reviews\nthe estimates on an ongoing basis based on information currently available, and changes in facts and circumstances may cause to revise\nthese estimates.\n\n \n\nF-7\n\n \n\n \n\n**Hold Me Ltd.**\n\n \n\n**Notes to Consolidated Financial Statements**\n\n \n\n**Note 2 - Summary of Significant Accounting\nPolicies (cont.)**\n\n \n\nF.**Fair value of financial\ninstruments**\n\n \n\nThe Company measures assets and liabilities at\nfair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the\namount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction\nbetween market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or\nliability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either\na recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.\n\n \n\nThe following are the hierarchical levels of\ninputs to measure fair value:\n\n \n\n \n-\nLevel 1:\nQuoted prices in active markets for identical\ninstruments;\n\n \n \n \n \n\n \n-\nLevel 2:\nOther significant observable inputs (including\nquoted prices in active markets for similar instruments);\n\n \n \n \n \n\n \n-\nLevel 3:\nSignificant unobservable inputs (including assumptions\nin determining the fair value of certain investments).\n\n \n\nThe carrying values for cash and cash equivalents,\nshort-term investments, trade and other accounts receivable, loans, trade payables and other accounts payable approximate their fair\nvalue due to their short maturities. \n\n \n\nG.**Foreign Currency Translation**\n\n \n\nThe functional currency of the Company is the\nNIS, which is the currency of the primary economic environment in which it operates. monetary balances denominated in or linked to foreign\ncurrency are stated on the basis of the exchange rates prevailing at the applicable balance sheet date. For foreign currency transactions\nincluded in the statement of operations, the exchange rates applicable on the relevant transaction dates are used. Gains or losses arising\nfrom changes in the exchange rates used in the translation of such transactions and from the remeasurement of monetary balance sheet\nitems are carried as financing income or expenses.\n\n \n\nH.**Business Combinations, Asset Acquisitions**\n\n \n\nThe Company accounts for acquisitions in accordance\nwith ASC 805, “Business Combinations,” and applicable SEC reporting requirements under Regulation S-X, Rule 3-05 and Regulation\nS-K, Items 101 and 303. Transactions qualifying as business combinations are accounted for under the acquisition method, while those\nclassified as asset acquisitions follow the guidance in ASC 805-50. Additionally, the Company evaluates whether a transaction qualifies\nas a reverse acquisition under ASC 805-40 and applies the appropriate accounting and disclosure requirements.\n\n \n\n**Business Combinations, Asset Acquisitions** \n\n \n\nFor transactions classified as asset acquisitions\nunder ASC 805-50, the Company:\n\n \n\n \n●\nApplies the “screen test” to determine whether substantially all of the fair value of gross assets acquired is concentrated in a single identifiable asset or group of similar assets (ASC 805-10-55-3A).\n\n \n\n \n●\nAllocates the purchase price using a cost accumulation model, assigning costs to acquired assets based on their relative fair values (ASC 805-50-30-3).\n\n \n\n \n●\nCapitalizes direct acquisition costs as part of the asset’s cost, unlike business combinations where such costs are expensed (ASC 805-50-25-1).\n\n** **\n\nF-8\n\n \n\n** **\n\n**Hold Me Ltd.**\n\n \n\n**Notes to Consolidated Financial Statements**\n\n \n\n**Note 2 - Summary of Significant Accounting\nPolicies (cont.)**\n\n \n\nI**Income Tax**\n\n \n\nThe Company accounts for income taxes in accordance\nwith ASC 740, “Accounting for Income Taxes” (“ASC 740”), using the liability method whereby deferred tax assets\nand liability are determined based on the differences between financial reporting and the tax basis for assets and liabilities and are\nmeasured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse.\n\n \n\nThe provision for, or benefit from, income taxes\nincludes deferred taxes resulting from the temporary differences in income for financial and tax purposes using the liability method.\nSuch temporary differences result primarily from the differences in the carrying value of assets and liabilities. Future realization\nof deferred income tax assets requires sufficient taxable income within the carryback, carryforward period available under tax law. We\nevaluate, on a quarterly basis whether, based on all available evidence, it is probable that the deferred income tax assets are realizable.\nValuation allowances are established when it is more likely than not that the tax benefit of the deferred tax asset will not be realized.\nThe evaluation, as prescribed by ASC 740-10, includes the consideration of all available evidence, both positive and negative, regarding\nhistorical operating results including recent years with reported losses, the estimated timing of future reversals of existing taxable\ntemporary differences, estimated future taxable income exclusive of reversing temporary differences and carryforwards, and potential\ntax planning strategies which may be employed to prevent an operating loss or tax credit carryforward from expiring unused.\n\n \n\nThe Company accounts for uncertain tax provisions\nin accordance with ASC 740. The ASC clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial\nstatements. The ASC prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement\nof a tax position taken or expected to be taken in a tax return. The ASC provides guidance on de-recognition, classification, interest\nand penalties, accounting in interim periods, disclosure and transition.\n\n \n\nJ.**Revenue Recognition**\n\n \n\nSignificant management judgments and estimates\nmust be made and used in connection with the recognition of revenue in any accounting period. Material differences in the amount of revenue\nin any given period may result if these judgments or estimates prove to be incorrect or if management’s estimates change on the\nbasis of development of business or market conditions.\n\n \n\nThe Company accounts for revenue under the provisions\nof Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”). The\nguidance provides a unified model to determine how revenue is recognized. Revenues are recognized when control of the promised goods\nor services are transferred to the customers in an amount that reflects the consideration that we expect to receive in exchange for those\ngoods or services.\n\n \n\nThe Company determined revenue recognition through\nthe following steps: (1) identification of the contract with a customer; (2) identification of the performance obligations in the contract;\n(3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and\n(5) recognition of revenue when, or as, we satisfy a performance obligation.\n\n \n\nThe Company entered into contracts that can include\nvarious combinations of products and services, as detailed below, which are generally capable of being distinct and accounted for as\nseparate performance obligations.\n\n \n\nThe Company generates its revenues from (1) licensing\nintellectual properties, which in certain circumstances are modified for customer-specific requirements, (2) royalty revenues and (3)\nother revenues, which include consulting, support, training and sale of development systems and chips. We license our assets intellectual\nproperty to other companies who can then resell, develop or market otherwise in variety of business models.\n\n \n\nF-9\n\n \n\n \n\n**Hold Me Ltd.**\n\n \n\n**Notes\nto Consolidated Financial Statements**\n\n \n\n**Note 2 - Summary of Significant Accounting\nPolicies (cont.)**\n\n \n\nK.**Investments in Shares**\n\n \n\nThe Company accounts for an equity security without\na readily determinable fair value at cost less impairment (if any) plus or minus changes resulting from observable price changes in orderly\ntransactions for the identical or a similar investment of the same issuer.\n\n \n\nL.**Basic and Diluted Net\nIncome (Loss) per Share**\n\n \n\nThe Company computes net income (loss) per share\nin accordance with ASC 260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share\n(EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator)\nby the weighted average number of common shares outstanding (denominator). Diluted EPS gives effect to all dilutive potential common\nshares outstanding during the period including stock options, using the treasury stock method, and Convertible preferred stock, using\nthe if-converted method: In computing diluted EPS, the average stock price for the period is used in determining the number of shares\nassumed to be purchased from the exercise of stock options or warrants. Diluted EPS excluded all dilutive potential common shares if\ntheir effect is anti-dilutive.\n\n \n\nFor 2025 and 2024, the convertible preferred shares\nwere not included as the Company incurred a loss.\n\n \n\nM.**Concentrations of credit\nrisks**\n\n \n\nThe financial instruments include cash, accounts\nreceivable, accounts payable, accrued expenses and loans. Balances in various cash accounts may at times exceed insured limits. We have\nnot experienced any losses in such accounts. Cash and cash equivalents are invested in major banks in Israel and United States. Generally,\nthese deposits may be redeemed upon demand and therefore, management believes there is minimal risk, management believes the carrying\nvalues of the financial instruments approximate their fair values because they are short term in nature or payable on demand. The Company\nhas no significant off-balance-sheet concentration of credit risk such as foreign exchange contracts, option contracts or other foreign\nhedging arrangements.\n\n \n\nN.\n**Recent Accounting Pronouncements**\n\n \n\n \nNew accounting standards adopted\n\n \n \n\n \nIn December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. The Company adopted ASU 2023-09 beginning January 1, 2025. The adoption did not have any significant impact on the Company’s financial statement disclosures.\n\n \n \n\n \nNew accounting standards not yet adopted\n\n \n \n\n \nIn November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This ASU requires an entity to disclose the amounts of inventory purchases, employee compensation, depreciation, and intangible asset amortization included in each relevant expense caption. It also requires an entity to include certain amounts that are already required to be disclosed under current GAAP in the same disclosure. Additionally, it requires an entity to disclose a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, and to disclose the total amount of selling expenses. The ASU is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted.\n\n \n \n\n \nIn September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) Targeted Improvements to the Accounting for Internal-Use Software. This standard modernizes the accounting for costs related to internal-use software by removing references to project stages and by clarifying the thresholds entities apply to begin capitalizing costs. The amendments in this update are effective for interim and annual periods beginning after December 15, 2027, and early adoption is permitted.\n\n \n \n\n \nManagement is currently evaluating the potential effect that these updated standards will have on our financial statement disclosures.\n\n \n \n\n \nThe Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.\n\n \n\nF-10\n\n \n\n \n\n**Hold Me Ltd.**\n\n \n\n**Notes\nto Consolidated Financial Statements**\n\n \n\n**Note 3 - Cash and Cash Equivalents**\n\n \n\n  \nAs at December 31, \n\n  \n2025  \n2024 \n\n  \nNew Israeli Shekels \n\nNIS (*) \n 4,730  \n 45,210 \n\nUSD \n 8,990  \n 9,521 \n\n  \n 13,720  \n 54,731 \n\n** **\n\n(*) As of December 31, 2024 the balance includes an amount of NIS 35,100\nrestricted cash.\n\n \n\n**Note 4 - Other Account Receivables**\n\n** **\n\n  \nAs at December 31, \n\n  \n2025  \n2024 \n\n  \nNew Israeli Shekels \n\n  \n   \n  \n\nGovernmental Institutions \n 1,227  \n 4,948 \n\nRelated party \n 29,860  \n 39,114 \n\nOther account receivables \n 14,620  \n 11,700 \n\n  \n 45,707  \n 55,762 \n\n** **\n\n**Note 5 - Loans Granted**\n\n \n\n  1.\nDuring 2023, the Company entered into a loan agreement with Amir Adibi,\nunder which Amir Adibi borrowed from the Company an amount of NIS 45,000. The loan bears an annual interest rate of 9%. The loan maturity\ndate is until April 2025. As of December 31, 2025, the loan was not repaid.\n\n     \n\nAs of December 31, 2025 and\n2024, the balance of the loan (including interest) is NIS 55,863 and NIS 51,813, respectively.\n\n \n\n  2.\nDuring 2023, the Company entered into a loan agreement with Anna Shochat\n(“Anna”), an Israeli citizen, under which Anna will borrow up to 500,000 US dollars (NIS 1,813,500). The loan carries an annual\ninterest rate of 6%. The loan maturity date was until December 31, 2024. Anna borrowed from the Company a total amount of NIS 400,000.\nNo securities were received for this loan.\n\n \n\nAs of December 31, 2024, the balance of the loan (including interest) is NIS 327,320. As of December 31, 2025, the loan was repaid in full.\n\n \n\n  3.\nDuring 2023, the Company entered into a loan agreement\nwith Integrity Group Pension Insurance Agency (“Integrity”), an Israeli company number 516687860, under which Integrity will\nborrow an amount of up to 500,000 US dollars (NIS 1,813,500). The loan carries an annual interest rate of 6%. The loan maturity date was\nuntil December 31, 2024. Integrity borrowed from the Company a total amount of NIS 150,000.\n\n \n\nAs of December 31, 2024, the balance of the loan (including interest) is NIS 95,817. No securities were received for this loan. As of December 31, 2025, the loan was repaid in full.\n\n \n\nF-11\n\n \n\n \n\n**Hold Me Ltd.**\n\n \n\n**Notes to Consolidated Financial Statements**\n\n \n\n**Note 6 - Intangible Assets and Fixed Assets**\n\n** **\n\n  \nAs at December 31, \n\n  \n2025 \n2024 \n\n  \nCost  \nAccumulated\nDepreciation\nand\namortization  \nDepreciated\n\nand\n\namortization\n\nCost \nDepreciated\n\nCost \n\n  \n **New Israeli Shekels** \n\nLicense (*) \n 125,000  \n 125,000  \n\n       -\n \n 62,500 \n\nComputers \n 27,169  \n 27,169  \n\n-\n \n \n-\n \n\n  \n 152,169  \n 152,169  \n\n-\n \n 62,500 \n\n** **\n\nDepreciation expenses totaled NIS 0 and NIS 1,419 for\nthe years ended December 31, 2025 and 2024, respectively.\n\n \n\n(*) During August 2023, The Company, has signed an agreement to purchase from Yonatan Shachar, an Israeli citizen, 100% of the outstanding\nshares of S.Y. Calimero Entrepreneurship Ltd, an Israeli company that has a basic (limited) non-banking credit license allowing it to\nprovide credit in Israel – for the total amount of NIS 125,000. The purchase was subject to a condition that the controlling shareholder\nof the Company, Menachem Shalom, would be granted a permit to control the purchased company. Such permit is needed to be granted by the\nIsraeli Authority for Capital Markets, Insurance and Savings (“the condition”). NIS 40,000 were to be transferred upon the\nexecution of the agreement and the rest were transferred to an escrow account and to be released to the Seller once the condition is\nsatisfied. The condition was satisfied in April 2024, the purchase was completed and the shares were transferred.\n\n \n\nOn the date of acquisition, there were no assets\nor liabilities in the subsidiary’s books and the entire purchase amount was attributed to the license. The license is valid\nuntil December 31, 2025. The license has been extended until December 31, 2026\n\n \n\n**Note 7 - Investment and advances in account\nof Investment**\n\n \n\nOn June 2023, the Company entered into a loan agreement with related parties, Mea Testing Systems Ltd (“Mea”) and its parent company, Motomova Inc. (“Motomova”), in which the Company lent Mea an amount of NIS 80,000 which bore an annual interest rate of 1% per month. On December 28, 2023, the original agreement was cancelled and the full amount was converted into 2,162,162 common shares of Motomova. The investment was recorded at cost as such security did not have a readily determinable fair value. During 2024, the Company was entitled to 302,322 additional shares and 948,827 options as a shareholder benefit.  \n\n \n\nAs of December 31, 2025, the company recorded a provision for impairment for the entire amount.\n\n \n\n**Note 8 - Other Account Payables:**\n\n** **\n\n  \n **As at December 31,** \n\n  \n **2025**  \n **2024** \n\n  \n **New Israeli Shekels** \n\nOther payables and accrued expenses (*)\n \n \n490,000\n  \n 987,627 \n\n  \n    \n   \n\n(*) Including to a shareholder (see note 12 below) \n 420,000  \n 840,000 \n\n \n\nF-12\n\n \n\n \n\n**Hold Me Ltd.**\n\n \n\n**Notes to Consolidated Financial Statements**\n\n \n\n**Note 9 - Share Capital**\n\n** **\n\n  \nDecember 31,\n2025 and 2024 \n\n  \nRegistered  \nIssued and\nOutstanding \n\n  \nNumber of Shares \n\nOrdinary shares of NIS 0.01 par value each \n 990,000,000  \n 2,282,124 \n\nPreferred shares of NIS 0.01 par value each \n 10,000,000  \n 10,000,000 \n\n \n\nEach Preferred Share shall be convertible into\none hundred (100) Ordinary Shares (the “Conversion Ratio”) upon the election of the holder of such Preferred Shares.\n\n \n\nThe Preferred Shares shall not confer upon the\nholders thereof any voting rights or any right to appoint directors or any other right with respect to general meetings, including without\nlimitation, attending, voting at or requesting to convene, such general meetings or proposing matters for the agenda of such general\nmeetings.\n\n \n\nEach Preferred Share in the Company’s capital\nshall be entitled to receive upon distribution, and in preference to the Ordinary Shares of the Company, (i) dividends in excess of the\ngeneral dividends issued to all shareholders including holders of Ordinary Shares, and/or (ii) amounts paid in a distribution of the\nCompany’s surplus assets on winding up, in an amount equal to the original issue price for such Preferred Shares as set forth in\nthe Company’s share registrar (adjusted for share combinations or subdivisions or other recapitalizations of the Company’s\nshares), and less the amount of any dividend previously paid in preference, all pro rata to the number of the Company’s Preferred\nShares of each specific class of Preferred Shares issued and outstanding at such time, without having regard to any premium paid or discount\nthereon, and all subject to the provisions hereof.\n\n \n\nFurthermore, and after payment of the Preferred\nShares’ dividend preferences or liquidation preferences as aforesaid, each Preferred Share in the Company’s capital shall\nbe entitled to receive upon distribution, (i) a general dividend issued to all Shareholders, (ii) bonus shares, and (iii) amounts paid\nin a distribution of the Company’s surplus assets on winding up, all pro rata to the number of the Company’s Shares (Ordinary\nShares and Preferred Shares) issued and outstanding at such time, without having regard to any premium paid thereon or discount, and\nall subject to the provisions hereof.\n\n \n\n**Note 10 - Selling, Administrative and General\nExpenses**\n\n** **\n\n  \n**For\nthe Year Ended on\nDecember 31, ** \n\n  \n2025  \n2024 \n\n  \nNew Israeli Shekels \n\nProfessional services \n 177,639  \n 131,982 \n\nRent and office expenses \n 28,885  \n 123,780 \n\nDepreciation and amortization expenses \n 62,500  \n 63,919 \n\n  \n 269,024  \n 319,681 \n\n** **\n\nF-13\n\n \n\n** **\n\n**Hold Me Ltd.**\n\n \n\n**Notes\nto Consolidated Financial Statements**\n\n** **\n\n**Note 11 - Financial Expenses, net**\n\n \n\n  \nFor the\nYear Ended\nDecember 31, \n\n  \n2025 \n2024 \n\n  \n **New Israeli Shekels** \n\nInterest expenses to related parties \n \n186,420\n \n117,559 \n\nInterest income from loans granted \n (18,913)\n(34,355)\n\nForeign exchange differences \n (5,661)\n(281)\n\nOthers and banks fees \n 1,018 \n11,457 \n\nTotal \n \n162,864\n \n94,380 \n\n \n\n**Note 12 - Related Parties Transactions**\n\n \n\nThe following related partied transactions has\noccurred:\n\n \n\n  During the years 2023 to  2025, Menachem Shalom, a controlling shareholder and director of the Company, is entitled to receive NIS 35,000 plus VAT per month.\n\n   \n\n  As of December 31, 2025, the Company owes Menachem Shalom NIS 1,498,739 (including accrued interest of  NIS 143,112). As of December 31, 2024, the Company owes Menachem Shalom NIS 765,385 (including accrued interest of  NIS 65,486). The loan bears an annual interest rate of 5% in 2025 and 2024.\n\n   \n\n  As of December 31, 2025, the Company owes Billio Ltd NIS 1,399,984 (including accrued interest in amount of NIS 168,479). As of December 31, 2024, the Company owes Billio Ltd NIS 1,312,931 (including accrued interest in amount of NIS 99,531). The loan bears an annual interest rate of 5.02% and  5.18% in 2025 and 2024.\n\n   \n\n \nAs of December 31, 2025, the Company owes Tamarindi Ltd NIS 281,601 (including accrued interest in amount of NIS 40,545). As of December 31, 2024, the Company owes Tamarindi Ltd NIS 267,232 and total interest expense was accrued in the amount of NIS 26,676. The loan bears an annual interest rate of 5.02% and 5.18% in 2025 and 2024.\n\n \n\nSee also Notes 4 and 7A above.\n\n \n\n**Note 13 - Income Taxes**\n\n \n\n  A.\nThe Company has received final tax assessments for income tax until\n2020.\n\n     \n\n  B. There was no provision for current income taxes for both of the years ended December 31, 2025 and 2024.\n\n     \n\n  C. The provision/benefit for income taxes for the year ended December 31, 2025 differs from the amount which would be expected as a result of applying the statutory tax rates to the losses before income taxes due primarily to changes in the valuation allowance to fully reserve net deferred tax assets**.**\n\n \n\nF-14\n\n \n\n \n\n**Hold Me Ltd.**\n\n \n\n**Notes\nto Consolidated Financial Statements**\n\n \n\n**Note 13 - Income Taxes (cont.)**\n\n \n\nRealization of deferred\ntax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and\ncarry-forwards are expected to be available to reduce taxable income.\n\n \n\n  \nDecember 31, \n\n  \n2025  \n2024 \n\n  \nNIS  \nNIS \n\nDeferred tax assets: \n   \n  \n\nNet operating loss carryforward \n (3,218,655) \n (3,726,768)\n\nIsraeli statutory tax rate \n 23% \n 23%\n\nExpected tax benefit \n 740,290  \n 857,157 \n\nTotal deferred tax assets \n 740,290  \n 857,157 \n\nLess: Valuation allowance \n (740,290) \n (857,157)\n\nNet deferred tax assets \n \n-\n  \n \n-\n \n\n \n\nThe Company has provided a valuation allowance\nagainst the full amount of the deferred tax asset due to management’s uncertainty about its realization. As of December 31,\n2025, the Company had NIS 3,218,655 in tax loss carry forwards that can be utilized in future periods to reduce taxable income. The carryforward\nloss does not expire.\n\n \n\n**NOTE 14 - SEGMENT INFORMATION**\n\n \n\nThis segment\nstructure reflects the financial information and reports used by the Company’s management, specifically its Chief Operating Decision\nMaker (“CODM”), to make decisions regarding the Company’s business, including resource allocations and performance\nassessments, as well as the current operating focus in compliance with ASC 280, Segment Reporting.\n\n \n\nThe Company\nreports segment information based on the management approach, which designates the internal reporting used by the CODM, the Company’s\nChief Executive Officer for making decisions and assessing performance as the source of the Company’s reportable segments. The\nCODM allocate resources and assesses the performance of each operating segment based on potential business opportunities, historical\nand potential future revenues and operating expenses.\n\n \n\nThe Company\nhas one operating and reportable segment.\n\n \n\nThe Company’s\nmethod for measuring profitability on a reportable segment basis is operating income (loss).\n\n \n\nThe following\ntable presents information about the Company’s reportable segment for the years ended December 31, 2025 and 2024:\n\n \n\n  \nFor the Year Ended\nDecember 31, \n\n  \n2025  \n2024 \n\n  \nNIS \n\nRevenues \n \n-\n  \n 55,845 \n\nCost of revenues \n \n-\n  \n \n-\n \n\nGross profit \n \n-\n  \n 55,845 \n\nManagement fees credited to related party \n (420,000) \n (420,000)\n\nSelling, administrative and general expenses \n (269,024) \n (319,681)\n\nOperating Loss \n (689,024) \n (683,836)\n\nFinancial expenses, net \n (162,864) \n (94,380)\n\nLoss for the year after financing expenses \n (851,888) \n (778,216)\n\nOther income (expenses) \n (80,000) \n 20,000 \n\nNet Loss \n (931,888) \n (758,216)\n\n \n\nF-15"}