Related Parties (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Transactions and Balances with Related Parties

Transactions and balances with related parties

	Nine months ended September 30,
	2024		2023

Sales:
Sales to SDI Cuentas LLC (formerly related party see Note 3.C)	$	81	$	83
Total sales to related parties	$	81	$	83

Cost of sales:
Cost of sales from Next Communications INC (a company controlled by Arik Maimon, Company’s Chairman of the Board and CEO) (a)	$	565	$	854
Total sales to related parties	$	565	$	854

(a)

On September 26, 2009 the Company and Next Communications INC entered into Bilateral Wholesale Carrier Agreement according to which the Company and Next will provide and purchase from time to time telecommunications transport services from each other and to other carriers at price determined in the agreement and as may mutually change from time to time. The Agreement shall continue on a month-to-month basis unless either Party notifies the other in writing not less than 30 days prior of its intent to terminate this Agreement

Schedule of Balances with Related Parties and Officers

Balances with related parties and officers:

	September 30,		December 31,
	2024		2023

Arik Maimon (Chairman of the Board and the CEO)	$	13	$	73
Michael De Prado (Vice Chairman of the Board and President)		10		99
Current assets - Related parties		23		172

Next Communications INC (a company controlled by Arik Maimon Company’s Chairman of the Board and CEO)		271		1,300
SDI Cuentas LLC. (formerly related party see Note 3.C)		10		-
Current assets – Accounts receivables		281		1,300

Total Due from related parties	$	304	$	1,472

Cuentas Inc. 10-Q