$MTEK

Maris Tech Ltd.

CIK:0001872964|SEC Filings

Statements of Operations - USD ($)	12 Months Ended
Statements of Operations - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenues	$ 1,341,218	$ 6,078,953	$ 4,031,103
Cost of revenues	1,704,967	2,562,832	2,103,707
Gross profit (loss)	(363,749)	3,516,121	1,927,396
Operating expenses:
Research and development, net	1,286,932	927,048	1,054,895
Sales and marketing	1,161,371	923,439	874,793
General and administrative	2,412,373	3,014,378	2,927,310
Total operating expenses	4,860,676	4,864,865	4,856,998
Loss from operations	5,224,425	1,348,744	2,929,602
Financial expenses (income), net	184,897	(114,852)	(220,006)
Net loss	$ 5,409,322	$ 1,233,892	$ 2,709,596
Basic net loss attributable to shareholders per Ordinary Share (in Dollars per share)	$ (0.67)	$ (0.16)	$ (0.34)
Diluted net loss attributable to shareholders per Ordinary Share (in Dollars per share)	$ (0.67)	$ (0.16)	$ (0.34)
Weighted average number of Ordinary Shares used in computing loss per Ordinary Share (in Shares)	8,033,501	7,894,961	7,908,266

Statements of Cash Flows - USD ($)	12 Months Ended
Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net loss from operations	$ (5,409,322)	$ (1,233,892)	$ (2,709,596)
Adjustments required to reconcile net loss to net cash used in operating activities:
Depreciation	116,358	97,213	60,649
Share-based compensation	166,571	154,450	126,769
Financial expense (income)	5,781	7,014	23,567
Remeasurement of convertible promissory notes	(41,696)
Increase in short-term bank credit	1,495
Decrease (increase) in trade receivables, net	2,905,752	(504,396)	(1,383,810)
Decrease (increase) in other current assets and prepaid expenses	55,430	(149,640)	186,782
Increase in inventories	(251,774)	(649,663)	(977,922)
Increase in Severance pay fund	(48,843)	(13,410)	(5,330)
Increase (decrease) in trade payables	(525,095)	(58,054)	131,276
Increase (decrease) in other current liabilities	(450,176)	151,602	633,009
Decrease in current liabilities from related parties	3,693	8,089
Increase (decrease) in accrued severance pay	63,077	(28,896)	43,449
Net cash used in operating activities	(3,408,749)	(2,219,583)	(3,871,157)
Cash flows from investing activities:
Investment in short-term bank deposits		(7,500,000)	(6,000,000)
Proceeds from short-term bank deposits		10,652,059	12,000,000
Investment in marketable equity securities			(200,000)
Proceeds from marketable equity securities			108,857
Purchase of property and equipment	(22,700)	(190,994)	(90,508)
Net cash provided by (used in) investing activities	(22,700)	2,961,065	5,818,349
Cash flows from financing activities:
Issuance of convertible promissory notes	2,000,000
Increase in short-term bank credit, net	1,990,655	9,345
Repurchase of treasury shares			(119,536)
Exercise of options and warrants	29,286
Repayment of loan from shareholders	(330,630)	(498,781)
Net cash provided by (used in) financing activities	3,689,311	(489,436)	(119,536)
Increase in cash, cash equivalents and restricted deposits	257,862	252,046	1,827,656
Cash, cash equivalents and restricted deposits at the beginning of the year	2,335,232	2,083,186	255,530
Cash, cash equivalents and restricted deposits at the end of the year	2,593,094	2,335,232	2,083,186
Supplementary disclosure on cash flows:
Interest paid	102,096	2,572	5,934
Interest received	14,849	255,204	157,627
Supplemental disclosures of non-cash flow information:
Right-of-use assets obtained in the exchange for operating lease liabilities	$ 41,235	$ 139,254

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 2,545,823	$ 2,294,679
Trade receivables, net	588,949	3,494,701
Other current assets and prepaid expenses	267,019	322,449
Inventories	2,861,088	2,609,314
Total current assets	6,262,879	8,721,143
NON-CURRENT ASSETS:
Restricted deposits	47,271	40,553
Property, plant and equipment, net	313,772	407,430
Severance pay fund	224,306	175,463
Operating lease right-of-use assets	356,264	475,515
Total non-current assets	941,613	1,098,961
Total assets	7,204,492	9,820,104
CURRENT LIABILITIES:
Short term bank credit	2,001,495	9,345
Trade payables	631,472	1,156,567
Other current liabilities	1,082,317	1,532,493
Total current liabilities	3,985,903	3,250,618
NON-CURRENT LIABILITIES:
Non-current operating lease liabilities	155,330	268,800
Convertible promissory notes	1,958,304
Accrued severance pay	503,372	440,295
Total non-current liabilities	2,617,006	754,438
Total liabilities	6,602,909	4,005,056
COMMITMENT AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Ordinary Shares, no par value - Authorized: 100,000,000 shares at December 31, 2025 and 2024; Issued: 8,194,306 and 8,104,180 shares at December 31, 2025 and 2024, respectively; Outstanding: 8,073,591 and 7,983,465 shares at December 31, 2025 and 2024, respectively
Treasury shares at cost (120,715 Ordinary Shares at December 31, 2025 and 2024)	(119,536)	(119,536)
Additional paid-in capital	18,266,456	18,070,599
Accumulated deficit	(17,545,337)	(12,136,015)
Total shareholders’ equity	601,583	5,815,048
Total liabilities and shareholders’ equity	7,204,492	9,820,104
Related Party
CURRENT LIABILITIES:
Current liabilities from related parties	270,619	552,213
NON-CURRENT LIABILITIES:
Non-current loans from related parties		$ 45,343