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 UNITED
STATES

 SECURITIES
AND EXCHANGE COMMISSION

 Washington,
D.C. 20549

 FORM

 ANNUAL
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
the fiscal year ended: December 31, 2023

 or

 TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
the transition period from ________ to ________

 Commission
file number 333-240161

 CREATIONS,
INC.

 (Exact
Name of Registrant as Specified in Its Charter)

 Delaware

 84-2054332

 (State
 or Other Jurisdiction of

 Incorporation or Organization)

 (IRS
 Employer

 Identification Number)

 c/o
 Sichenzia Ross Ference Carmel LLP

 1185
 Avenue of the Americas, 31 st Floor

 New
 York, NY 10036

 (Address
 of Principal Executive Offices) (Zip Code)

 212 - 930-9700

 (Registrant's
Telephone Number, Including Area Code)

 Securities
registered under section 12(b) of the Exchange Act: None

 Securities
registered under section 12(g) of the Exchange Act: Common stock, par value $0.001 per share

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No

by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No

by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes No

by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, 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 required to submit and post such files). Yes No

by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained
herein, and will not be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated
by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting
company. See the definitions of "large accelerated filer", "accelerated filer" and "smaller reporting company"
in Rule 12b-2 of the Exchange Act.

 Large
 accelerated filer

 Accelerated
 filer

 Non-accelerated
 filer

 Smaller
 Reporting Company

 (Do
 not check if smaller reporting company)

 Emerging
 growth Company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report.

 If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant
included in the filing reflect the correction of an error to previously issued financial statements.

by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No

 There
was no market for the common stock and accordingly the aggregate market value of the voting and non-voting common stock of the issuer
held by non-affiliates, computed by reference to the price at which the common stock was sold on June 30, 2023 can't be calculated.

 As
of April 15, 2024, 2,289,744 shares of the registrant's common stock were outstanding.

 Documents
incorporated by reference: None.

 TABLE
OF CONTENTS

 Page

No.

 ITEM
 1.

 BUSINESS

 ITEM
 1A.

 RISK FACTORS

 ITEM
 1B.

 UNRESOLVED STAFF COMMENTS

 ITEM
 1C.

 CYBERSECURITY

 ITEM
 2.

 PROPERTIES

 ITEM
 3.

 LEGAL PROCEEDINGS

 ITEM
 4.

 MINE SAFETY DISCLOSURE

 ITEM
 5.

 MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 ITEM
 6.

 SELECTED FINANCIAL DATA

 ITEM
 7.

 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 ITEM
 7A.

 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 ITEM
 8.

 FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

 ITEM
 9.

 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

 ITEM
 9A

 CONTROLS AND PROCEDURES

 ITEM
 9B.

 OTHER INFORMATION

 ITEM
 9C.

 DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

 ITEM
 10.

 DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

 ITEM
 11.

 EXECUTIVE COMPENSATION

 ITEM
 12.

 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

 ITEM
 13.

 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

 ITEM
 14.

 PRINCIPAL ACCOUNTANT FEES AND SERVICES

 ITEM
 15.

 EXHIBITS, FINANCIAL STATEMENT SCHEDULES

 ITEM
 16.

 FORM 10-K SUMMARY

 SIGNATURES AND POWER OF ATTORNEY

 FORWARD-LOOKING
INFORMATION

 This
Annual Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of
the Securities Exchange Act of 1934, as amended. These statements relate to future events or our future financial performance. We have
attempted to identify forward-looking statements by using terminology including "anticipates," "believes," "expects,"
"can," "continue," "could," "estimates," "intends," "may," "plans,"
"potential," "predict," "should" or "will" or the negative of these terms or other comparable
terminology. These statements are only predictions; uncertainties and other factors may cause our actual results, levels of activity,
performance or achievements to be materially different from any future results, levels or activity, performance or achievements expressed
or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements
are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Our expectations are as of the date
this Annual Report is filed, and we do not intend to update any of the forward-looking statements after the date this Annual Report is
filed to confirm these statements to actual results, unless required by law.

 This
Annual Report also contains estimates and other statistical data made by independent parties and by us relating to market size and growth
and other industry data. This data involves several assumptions and limitations, and you are cautioned not to give undue weight to such
estimates. We have not independently verified the statistical and other industry data generated by independent parties and contained
in this Annual Report and, accordingly, we cannot guarantee their accuracy or completeness, though we do generally believe the data to
be reliable. In addition, projections, assumptions and estimates of our future performance and the future performance of the industries
in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. Our actual results
could differ materially from those anticipated in the forward-looking statements for many reasons, including, but not limited to, the
possibility that we may fail to preserve our expertise in medical therapy and product research and development; that existing and potential
partners may opt to work with, or favor the products of, competitors if our competitors offer more favorable products or pricing terms;
that we may be unable to maintain or grow sources of revenue; that we may be unable to attain and maintain profitability; that we may
be unable to attract and retain key personnel; that we may not be able to effectively manage, or to increase, our relationships with
customers; that we may have unexpected increases in costs and expenses. These and other factors could cause results to differ materially
from those expressed in the estimates made by the independent parties and by us.

 PART
I

 ITEM
 1.

 BUSINESS

 Overview

 Creations,
Inc. was incorporated in May 2019. On July 1, 2019, Creations, Inc, acquired a 100% interest in Yetsira Holdings Ltd., though a share
swap agreement. Yetsira Holdings is an Israeli Corporation incorporated on December 2017 which in turn owns 100% of Yetsira Investment
House ("Yetsira"), our operating entity, incorporated in November 2016, and Ocean Partners Y.O.D.M Ltd. ("Ocean Partners"
and "Ocean").

 Through
our wholly owned subsidiaries, Yetsira Investment House and Ocean Partners, we operate as a portfolio manager, licensed by the Israel
Securities Authority ("ISA"). We currently offer and manage ten mutual funds with approximately $283,000,000 in assets, currently
under management ("AUM"). Our core-business is providing investment services for Israeli mutual funds.

 We
generate revenue primarily from management fees paid by our unitholders, which fees are based upon a certain percentage of their assets
in the funds. Our expenses are mainly comprised of payments of distribution commissions to banks, third-party platform user fees, salary
commissions and expenses, and commissions to the ISA and the Israeli Stock Exchange. Following the acquisition of Ocean, all the investment
management business of the group is managed through Ocean. We exercise effective control over the operations of Ocean pursuant to a series
of contractual arrangements, under which we are entitled to receive substantially all of its economic benefits.

 Our
continued focus is on our core business of mutual fund management, while increasing our number of managed funds, private portfolio and
increasing our AUM. Part of our growth depends on the strength of our brand, which the Company intends to strengthen by increasing our
exposure to the general public, especially through investment advisors in commercial banks, which constitute the main channel for funds
distribution in Israel. We also plan to increase public relations activities and advertising. We also continue to examine the expansion
of our areas of activity, through cooperation, locating synergistic opportunities for our existing areas of activity and establishing
additional parallel investment opportunities. In addition, we may pursue the acquisition of other unrelated businesses in the financial
sector.

 On
August 19, 2020, the Company purchased 7.5% of the outstanding and issued shares of Ocean Partners Y.O.D.M Ltd., an Israeli corporation
("Ocean") that acts as external mutual funds investment management services for 6 mutual funds and several private clients,
for total cash consideration of approximately $87,000. On September 7, 2020, the Company entered into a share exchange agreement by and
among Yetsira, Ocean, and certain shareholders of Ocean, pursuant to which the Company acquired the remaining 92.5% of the capital stock
of Ocean in exchange for an aggregate of 1,254,498 shares of common stock of the Company, $0.001 par value, and 1,254,498 warrants to
purchase shares of common stock of the Company (the "Warrants") issued to the certain Ocean shareholders by the Company.
The Warrants are convertible into shares of our common stock over a period of three-years at an exercise price of $1.00 per share. The
Company completed the acquisition on September 28, 2020.

 The
acquisition implements the Company's vision of becoming a leading investment company in Israel and delivering high quality asset
management and value to its clients and shareholders. By combining the two businesses, Yetsira and Ocean, the Company will be able to
expand its variety of mutual funds and more than double its AUM. Moreover, Ocean has a large base of private clients with a high degree
of customer loyalty which can be used as a platform to enlarge the Company's privet client's portfolio management business.
Furthermore, the acquisition is intended to diversify the experience, skills and abilities of the Company's investment managers
team, including marketing experience that can be used to advance the Company forward.

 On
February 9, 2023, the Company entered into a share exchange agreement (the "Share Exchange Agreement") by and among Aharon
Barkai & Co. Ltd. (the "Purchasers") through its controllers Yaniv Aharon and Dan Barkai, and an agreement for the purchase
of Shares and Capital Notes (the "Purchase Agreement"), whereby the Company sold all of the capital stock and capital notes
of Ocean Yetsira Ltd. ("Ocean") in exchange for the payment of an aggregate of ILS 2,061,930 (approximately $567,000) and
the return of 1,254,498 shares of common stock of the Company and 1,254,498 warrants to purchase common stock owned by the Purchasers.
The transactions contemplated in the Purchase Agreement and the Share Exchange Agreement are collectively referred to as the "Transaction").
Mr. Aharon is a director of the Company. The Capital Notes in the amount of ILS 2,165,800 (approximately $596,000) which are owed to
the Company by Ocean will be repaid by the Purchasers at closing as well. The closing of the transaction was subject to the approval
of the Court of Family Affairs to allow the Executor of the Estate of Guy Nissenson to sign upon behalf of the Estate and to approval
of the Company's stockholders. On March 20, 2023, such approval was obtained.

 The
transaction closing was on August 2, 2023. On August 14, 2023, the company received the cash consideration of the transaction amounted
to $1,163,220.

 The
1,254,498 shares described above were returned and canceled during November 2023.

 According
to agreements between the parties to the share exchange agreements, as of February 7, 2023, the Company does not have any financial or
economic benefit with respect to the contentious operation of Ocean Yetsira and its subsidiaries.

 Available
Information

 The
Company's website, www.creationsfin.com, provides access, without charge, to its annual report on Form 10-K, quarterly reports
on Form 10-Q, current reports on Form 8-K, and all amendments to those reports as soon as reasonably practicable after such material
is electronically filed with the Securities and Exchange Commission ("SEC"). The information provided on the Company's
website is not part of this report and is therefore not incorporated by reference unless such information is otherwise specifically referenced
elsewhere in this report.

 Materials
filed by the Company with the SEC may be read and copied at the SEC's Public Reference Room at 100 F Street, NE, Washington, D.C.
20549. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330. The SEC also maintains
a website at www.sec.gov that contains reports, proxy and information statements, and other information regarding our company
that we file electronically with the SEC.

 ITEM
 1A.

 RISK
 FACTORS

 We
are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information
under this item.

 ITEM
 1B.

 UNRESOLVED
 STAFF COMMENTS

 Not
applicable to smaller reporting companies.

 ITEM
 1C.

 CYBERSECURITY

 Risk
Management and Strategy

believes the Company has adequate processes and systems to maintain the confidentiality of its communications and records. However, given
our current business plan and lack of significant operations and employees, management does not believe that cybersecurity threats constitute
a material risk for the Company. The Company currently does not have formal processes for assessing, identifying and managing risks from
cybersecurity threats to the Company directly or through third-party service providers. We do not engage assessors, consultants, auditors
or other third parties in connection with cybersecurity.

 The
Company has not experienced any cybersecurity incidents to date.

 Governance

 The
board of directors oversees risks from cybersecurity threats as part of its risk oversight function. However, there are no specific processes
or committees by which the board of directors may be informed about such risks.

is responsible for assessing and managing the any material risks to the Company from cybersecurity threats. However, management has no
specific expertise in such matters, and there are no specific processes by which management is informed about or monitors the prevention,
detection, mitigation and remediation of cybersecurity incidents. If any such risks were identified, management would report such risks
to the board of directors.

 If
and when the Company completes a merger or other acquisition, the board of directors and management will assess the risks of cybersecurity
threats to its business adopt processes for assessing, identifying and managing risks from cybersecurity threats as warranted.

 ITEM
 2.

 PROPERTIES

 Not
Applicable.

 ITEM
 3.

 LEGAL
 PROCEEDINGS

 There
are no legal proceedings to which we are presently a party, and we are not aware of any legal proceedings threatened or contemplated
against us.

 ITEM
 4.

 MINE
 SAFETY DISCLOSURES

 Not
Applicable.

 PART
II

 ITEM
 5.

 MARKET
 FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 Market
Information

 Our
common stock is quoted on the OTC Pink maintained by the OTC Markets Group, Inc. under the ticker symbol "CEAI". Over-the-counter
market quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual
transactions. There is no public trading market for our securities.

 Holders

 As
of April 15, 2024, we have 2,289,744 shares of our common stock issued and outstanding held by 35 stockholders of
record.

 Dividends

 The
Company has not declared or paid any cash dividends on its common stock and presently intends on retaining future earnings, if any, to
fund the development and growth of the business. Therefore, the Company does not anticipate paying any cash dividends in the foreseeable
future.

 Securities
Authorized for Issuance under Equity Compensation Plans

 The
Company has not adopted an equity incentive plan.

 Recent
Sales of Unregistered Securities

 The
Company has not sold any shares of common stock or securities convertible into common stock during the last two years.

 Purchases
of Equity Securities by the Issuer and Affiliated Purchases

each month within the fourth quarter of the fiscal year ended December 31, 2023, neither we nor any "affiliated purchaser",
as that term is defined in Rule 10b-18(a)(3) under the Exchange Act, repurchased any of our common stock or other securities.

 ITEM
 6.

 [RESERVED]

 ITEM
 7.

 MANAGEMENT'S
 DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

 This
Annual Report contains forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond our
control, which may include statements about our:

 business
 strategy;

 financial
 strategy;

 intellectual
 property;

 production;

 future
 operating results; and

 plans,
 objectives, expectations, and intentions contained in this report that are not historical.

 All
statements, other than statements of historical fact included in this report, regarding our strategy, intellectual property, future operations,
financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking
statements. When used in this report, the words "could," "believe," "anticipate," "intend,"
"estimate," "expect," "project" and similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain such identifying words. All forward-looking statements speak only as
of the date of this report. You should not place undue reliance on these forward-looking statements. Although we believe that our plans,
intentions, and expectations reflected in or suggested by the forward-looking statements we make in this report are reasonable, we can
give no assurance that these plans, intentions or expectations will be achieved. These statements may be found under "Management's
Discussion and Analysis of Financial Condition and Results of Operations," as well as in this report generally. Actual events or
results may differ materially from those discussed in forward-looking statements as a result of various factors. In light of these risks
and uncertainties, there can be no assurance that the forward-looking statements contained in this filing will in fact occur.

 Organizational
History

 Creations,
Inc. was incorporated in May 2019. On July 1, 2019, Creations, Inc, acquired a 100% interest in Ocean-Yetsira Ltd (. former- Yetsira
Holdings Ltd), through a share swap agreement. Ocean Yetsira is an Israeli Corporation incorporated in December 2017 which in turn owns
100% of Yetsira Investment House ("Yetsira"), which was incorporated in November 2016.

 On
August 19, 2020, the Company purchased 7.5% of the outstanding and issued shares of Ocean Partners Y.O.D.M Ltd., an Israeli corporation
("Ocean") for total cash consideration of approximately $87,000. On September 7, 2020, the Company entered into a share exchange
agreement by and among Yetsira, Ocean, and certain shareholders of Ocean, pursuant to which the Company acquired the remaining 92.5%
of the capital stock of Ocean in exchange for an aggregate of 1,254,498 shares of common stock of the Company, $0.001 par value, and
1,254,498 warrants to purchase shares of common stock of the Company (the "Warrants") issued to the certain Ocean shareholders
by the Company. The Warrants are convertible into shares of our common stock over a period of three-years at an exercise price of $1.00
per share. The Company completed the acquisition on September 28, 2020.

the acquisition of Ocean, all the investment management business of the group is managed through Ocean.

 On
August 31, 2020, the Company's registration statement on Form S-1 was declared effective by the U.S. Securities and Exchange Commission.
As at the date of filing this report, the Company's shares have not begun to be quoted on the OTCQB.

 On
April 17, 2022, the board of directors approved a resolution as to matters of ongoing conduct such as signatory rights, voting etc.
In addition, compensation of officers was updated. Also, non-committal guidelines for future transactions regarding sale of main
activity to related parties and sale of holdings by those parties were discussed, these guidelines are pursuant to completion of
legal structuring, compliance issues and more.

 On February 9, 2023, the Company entered into a share exchange agreement (the
"Share Exchange Agreement") by and among Aharon Barkai & Co. Ltd. (the "Purchasers") through its
controllers Yaniv Aharon and Dan Barkai, and an agreement for the purchase of Shares and Capital Notes (the "Purchase
Agreement"), whereby the Company sold all of the capital stock and capital notes of Ocean Yetsira Ltd. ("Ocean")
in exchange for the payment of an aggregate of ILS 2,061,930 (approximately $567,000) and the return of 1,254,498 shares of common
stock of the Company and 1,254,498 warrants to purchase common stock owned by the Purchasers. The transactions contemplated in the
Purchase Agreement and the Share Exchange Agreement are collectively referred to as the "Transaction"). Mr. Aharon is a
director of the Company. The Capital Notes in the amount of ILS 2,165,800 (approximately $596,000) which are owed to the Company by
Ocean will be repaid by the Purchasers at closing as well. The closing of the transaction was subject to the approval of the Court
of Family Affairs to allow the Executor of the Estate of Guy Nissenson to sign upon behalf of the Estate and to approval of the
Company's stockholders. On March 20, 2023, such approval was obtained.

 The
transaction closing was on August 2, 2023. On August 14, 2023, the company received the cash consideration of the transaction amounted
to $1,163,220. As of November 29, 2023, the transaction was finalized, and the 1,254,498 shares were returned and canceled.

 According
to agreements between the parties to the share exchange agreements, as of February 7, 2023, the Company shall not have any financial
or economic benefit with respect to the contentious operation of Ocean Yetsira and its subsidiaries.

 Recently
Issued Accounting Pronouncements

reviewed currently issued pronouncements during the year ended December 31, 2023, and does not believe that any recently issued, but
not yet effective, accounting standards if currently adopted would have a material effect on the accompanying condensed financial statements.

 Results
of Operations for the Year Ended December 31, 2023, compared to Year Ended December 31, 2022. (In Thousands)

the agreement described above, As of February 7, 2023, the Company does not have any financial or economic benefit with respect to the
contentious operation of Ocean Yetsira and its subsidiaries. As a result, the company ceased the consolidation of the sold companies'
assets, liabilities, and results. For practical matters, the consolidation ceased as of January 1, 2023. The company received an amount
of $1,163 and recognized a receivable treasury stock balance in the amount of $321 deducted from the shareholders' equity.

 General
and Administrative Expenses

 For
the year ended December 31, 2023, our general and administrative expenses were $183 from continuing operations, compared to $159 for
the year ended December 31, 2022, those increase in expenses attributed to dividing mutual expenses of the sold companies and the parent
company, and increase in professional fees such as attorney and CPA to accomplish the sale of the companies.

 Net
Income, Loss

 The
Company realized a net loss of $76 for the year ended December 31, 2023, compared to a net loss of $146 for the year ended December 31,
2021, the income is attributed to $112 Capital gain from realization of subsidiary.

 After
taking into account foreign currency translation adjustments, which resulted in other comprehensive loss of $0 and of $179 for the year
ended December 31, 2023, and 2022, respectively, the Company realized a net loss after other comprehensive expenses of $82 and $205 for
the year ended December 31, 2023 and 2022, respectively.

 Liquidity
and capital resources

 As
of December 31, 2023, the Company had cash from continued operations in the amount of $1,083 compared to cash in the amount of $114 as
of December 31, 2022.

 Stockholders'
equity as of December 31, 2023 was $957, as compared to stockholders' equity of $1,360 as of December 31, 2022.

 The
Company's accumulated deficit was $1,860 and $1,778 on December 31, 2023, and December 31, 2022, respectively.

 Off-
Balance Sheet Arrangements

 The
Company currently does not have any off-balance sheet arrangements.

 ITEM
 7A.

 QUANTITATIVE
 AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 Not
Applicable.

 ITEM
 8.

 FINANCIAL
 STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS

 As
of December 31, 2023 and 2022

 F- 1

FINANCIAL STATEMENTS

 As
of December 31, 2023 and 2022

TO CONSOLIDATED FINANCIAL STATEMENTS

 Page

 Report
 of Independent Registered Public Accounting Firm (PCAOB: 2015 (BARZILY))

 F- 3

 Consolidated
 Balance Sheets

 F- 4

 Consolidated
 Statements of Operations and Comprehensive Loss

 F- 5

 Consolidated
 Statements of Changes in Stockholders' Equity

 Consolidated
 Statements of Cash Flows

 Notes
 to the Consolidated Financial Statements

 - F-25

 F- 2

 REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 To
the Board of Directors and Stockholders of

 Creations
Inc.

 Opinion
on the Financial Statements

 We
have audited the accompanying consolidated balance sheets of Creations Inc. and its subsidiaries (the "Company") as of December
31, 2023 and 2022, the related statements of operations and comprehensive loss, changes in stockholders' equity and cash flows
for the years then ended, and the related notes (collectively referred to as the "Financial Statements"). In our opinion,
the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023 and
2022, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally
accepted in the United States of America.

 Basis
for Opinion

 These
financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's
financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal
securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company
is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits,
we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion
on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

 Our
audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error
or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding
the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide
a reasonable basis for our opinion.

 We
have served as the Company's auditor since 2019.

 BARZILY
AND CO., CPA's

 /s/
Barzily and Co. CPA's

 Jerusalem,
Israel

 April
15, 2024

 F- 3

STATEMENTS OF FINANCIAL POSITION

 (U.S.
dollars in thousands except share data)

 31,

 31,

 2023

 2022

 ASSETS

 Current

 Cash
 and cash equivalents

 1,083

 Capital
 note

 -

 Assets
 held for sale

 -

 1,508

 Total
 current assets

 1,083

 2,259

 Non-current

 Loans
 granted to stockholders

 -

 Total
 non-current asset

 -

 Total

 1,083

 2,272

 LIABILITIES
 AND STOCKHOLDERS' EQUITY

 Current
 liabilities

 payable

 Liabilities
 held for sale

 -

 Total
 current liabilities

 Total
 liabilities

 COMMITMENT
 AND CONTINGENCIES

 -

 -

 STOCKHOLDERS'
 EQUITY

 Common
 Stock of $ 0.0001 par value -

 Authorized:
 100,000,000 shares at December 31, 2023 and 2022; Issued and outstanding: 2,289,744 shares at December 31, 2023 and 3,544,424 shares
 at December 31, 2022

 -

 -

 Common Stock of $0.0001 par value - Authorized:
 100,000,000 shares at December 31, 2023 and 2022; Issued and outstanding: 2,289,744 shares at December 31, 2023 and 3,544,424 shares
 at December 31, 2022

 -

 -

 Additional
 paid-in capital

 2,841

 3,162

 Accumulated
 other comprehensive income

 ( 24
)

 ( 24
)

 Accumulated
 deficit

 ( 1,860
)

 ( 1,778
)

 Total
 stockholders' equity

 1,360

 Total
 liabilities and stockholders' equity

 1,083

 2,272

 The
accompanying notes are an integral part of the financial statements

 F- 4

STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

 (U.S.
dollars in thousands except share data)

 2023

 2022

 For
 the year ended December 31,

 2023

 2022

 General
 and administrative expenses (related parties of $ 93
 and $ 52
 respectively)

 ( 183
)

 ( 159
)

 Operating
 loss

 ( 183
)

 ( 159
)

 Financial
 income

 exchange differences

 ( 6
)

 -

 Gain
 from disposal of subsidiary

 -

 Net
 loss before tax from continuing operations

 ( 76
)

 ( 146
)

 Tax
 expenses

 ( 6
)

 ( 74
)

 Net
 loss for the year from continuing operations

 ( 82
)

 ( 220
)

 Net
 income from discontinued operations, net of tax

 -

 Net
 loss for the year

 ( 82
)

 ( 26
)

 Other
 comprehensive expenses:

 currency translation adjustments from discontinued operation

 -

 ( 179
)

 Comprehensive
 loss

 ( 82
)

 ( 205
)

 Basic
 and diluted net loss per share

 ( 0.02
)

 ( 0.01
)

 Weighted
 average number of Common Stock used in computing basic and diluted loss per share

 3,439,701

 The
accompanying notes are an integral part of the financial statements

 F- 5

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

 (U.S.
dollars in thousands except share data)

 Number

 Amount

 capital

 income

 Deficit

 (deficit)

 Common
 Stock

 Additional
 paid-in

 Accumulated
 other comprehensive

 Accumulated

 Total
 stockholders'

 equity

 Number

 Amount

 capital

 income

 Deficit

 (deficit)

 as of January 1, 2022

 -

 3,162

 ( 1,752
)

 1,565

 currency translation adjustments

 -

 -

 -

 ( 179
)

 -

 ( 179
)

 Net
 loss

 -

 -

 -

 -

 ( 26
)

 ( 26
)

 as of December 31, 2022

 -

 3,162

 ( 24
)

 ( 1,778
)

 1,360

 -

 3,162

 ( 24
)

 ( 1,778
)

 1,360

 Stocks
 cancelled during the year

 ( 1,254,498
)

 -

 ( 321
)

 -

 -

 ( 321
)

 Net
 loss

 -

 -

 -

 -

 ( 82
)

 ( 82
)

 as of December 31, 2023

 2,289,744

 $
 -

 $
 2,841

 $
 ( 24
)

 $
 ( 1,860
)

 $

 2,289,744

 $
 -

 $
 2,841

 $
 ( 24
)

 $
 ( 1,860
)

 $

 The
accompanying notes are an integral part of the financial statements

 F- 6

STATEMENTS OF CASH FLOWS

 (U.S.

 2023

 2022

 Cash
 flows from operating activities:

 Net
 loss

 ( 82
)

 ( 26
)

 Less
 net income from discontinues operations

 -

 ( 194
)

 Adjustments
 to reconcile net loss to net cash used in operating activities:

 exchange differences

 Capital
 gain from realization of subsidiary (appendix A)

 ( 112
)

 Changes
 in operating assets and liabilities:

 Other
 current assets

 -

 payable

 ( 19
)

 Related
 parties

 ( 13
)

 Operating
 cash flow from discontinued operations

 -

 Net
 cash provided by (used in) operating activities

 ( 194
)

 Cash
 flows from investing activities:

 Investing
 cash flow from discontinued operations

 -

 ( 206
)

 Realization
 of subsidiary (appendix A)

 -

 Net
 cash provided by (used in) investing activities

 ( 206
)

 currency translation adjustments on cash and cash equivalents from discontinues operations

 -

 ( 42
)

 Change
 in cash and cash equivalents

 ( 133
)

 Cash
 of continuing operations at the beginning of the year

 Cash
 of discontinued operations at the beginning of the year

 Cash
 at the end of the year

 1,083

 Less
 cash of discontinued operations at the end of the year

 -

 ( 256
)

 Cash
 and cash equivalents at end of year

 1,083

 Appendix
A – Disposal of subsidiary

 Appendix
A – Realization of subsidiary

 Asset
 held for sale (excluding cash)

 ( 485
)

 Capital
 note

 ( 637
)

 Stocks
 receivables

 Gain
 from disposal of subsidiary

 ( 112
)

 exchange differences from realization of subsidiary

 Cash
 inflow from disposal of subsidiary

 ( 907
)

 F- 7

 NOTES

 (U.S.

 NOTE
1 - GENERAL

 A.
 Creations
 Inc. (hereinafter: the "Company") was established as a private company under
 the laws of the State of Delaware on May 13, 2019. The Company's core business was
 providing investment services for mutual funds and portfolio management services for individuals
 and institutions. It operated as a portfolio manager through its wholly owned subsidiaries.

 The
Company had three wholly owned subsidiaries. Ocean Yetsira Ltd. (hereinafter: "Ocean Yetsira") which was established as a
private Israeli corporation in December 2017, Yetsira Investment House Ltd. (hereinafter: "Yetsira") which was established
as a private Israeli corporation in November 2016 and Ocean Partners Y.O.D.M (hereinafter: "Ocean") following its acquisition.

 B.
 On
 February 9, 2023, the Company entered into a share exchange agreement (the "Share Exchange
 Agreement") by and among Aharon Barkai & Co. Ltd. (the "Purchasers")
 through its controllers Yaniv Aharon and Dan Barkai, and an agreement for the purchase of
 Shares and Capital Notes (the "Purchase Agreement"), whereby the Company sold
 all of the capital stock and capital notes of Ocean Yetsira Ltd. ("Ocean Yetsira")
 in exchange for the payment of an aggregate of ILS 2,061,930 (approximately $ 567,000) and
 the return of 1,254,498 shares of common stock of the Company and 1,254,498 warrants to purchase
 common stock owned by the Purchasers. The transactions contemplated in the Purchase Agreement
 and the Share Exchange Agreement are collectively referred to as the "Transaction".
 Mr. Aharon is a director of the Company. The Capital Notes in the amount of ILS 2,165,800
 (approximately $ 596,000) which are owed to the Company by Ocean will be repaid by the Purchasers
 at closing as well. The closing of the transaction was subject to the approval of the Court
 of Family Affairs to allow the Executor of the Estate of Guy Nissenson to sign upon behalf
 of the Estate and to approval of the Company's stockholders. On March 20, 2023, such
 approval was obtained.

 The
transaction closing was on August 2, 2023. On August 14, 2023, the company received the cash consideration of the transaction amounted
to $ 1,163,220.

 The
 1,254,498 shares described above were returned and canceled during November 2023.

 According
to agreements between the parties to the share exchange agreements, as of February 7, 2023, the Company does not have any financial or
economic benefit with respect to the contentious operation of Ocean Yetsira and its subsidiaries, and in accordance ceased the consolidation of its subsidiaries and ceased
its operation (see also note 3).

 F- 8

 NOTES

 (U.S.

 NOTE
1 - GENERAL (CONT.)

 C.
 On
 August 31, 2020, the Company's registration statement on Form S-1 was declared effective
 by the U.S. Securities and Exchange Commission. As at the date of filing this report, the
 Company's shares have not begun to be quoted on the OTCQB.

 D.
 The
 figures in the financial statements are stated in U.S. Dollars in thousands unless otherwise
 mentioned.

 NOTE
2 - SIGNIFICANT ACCOUNTING POLICIES

 The
financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("U.S.
GAAP").

 A. Use of Estimates in Preparation of Financial Statements

 The
preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions.
The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available
at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of expenses during the reporting
period. Actual results could differ from those estimates.

 B. Principles of consolidation

 The
consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany balances and transactions
have been eliminated in consolidation.

 C. Functional currency

 The
functional currency of the Company is the U.S. dollar, which is the currency of the primary economic environment in which it operates.
In accordance with ASC 830, "Foreign Currency Matters" (ASC 830), monetary balances denominated in or linked to foreign currency
are stated on the basis of the exchange rates prevailing at the applicable balance sheet date. For foreign currency transactions included
in the statement of operations, the exchange rates applicable on the relevant transaction dates are used. Gains or losses arising from
changes in the exchange rates used in the translation of such transactions and from the remeasurement of monetary balance sheet items
are carried as financing income or expenses.

 The
functional currency of Ocean Yetsira, Yetsira and Ocean is the New Israeli Shekel ("NIS") and their financial statements
are included in the consolidation based on translation into US dollars. Accordingly, assets and liabilities were translated from NIS
to US dollars using year-end exchange rates, and income and expense items were translated at average exchange rates during the year.
Gains or losses resulting from translation adjustments are reflected in stockholders' equity, under "Accumulated Other Comprehensive
Income".

 F- 9

 NOTES

 (U.S.

 NOTE

 C.

 SCHEDULE OF TRANSLATION ADJUSTMENTS

 31,

 31,

 2023

 2022

 Official
 exchange rate of NIS 1 to US dollar

 0.276

 0.284

 D. Cash and cash equivalents

 The
Company considers all highly liquid investments, which include short-term bank deposits that are not restricted as to withdrawal or use,
and short-term debentures, with original periods to maturity not exceeding three months, to be cash equivalents.

 E. Accounts receivable

receivable are reported at their outstanding unpaid principal balances net of an allowance for uncollectible accounts. The Company provides
for allowances for uncollectible receivables based on management's estimate of uncollectible amounts considering age, collection
history, and any other factors considered appropriate. The Company writes off accounts receivable against the allowance for doubtful
accounts when a balance is determined to be uncollectible. At December 31, 2022, the Company determined that an allowance for doubtful
accounts was not needed.

 F. Property and equipment, net

 Property
and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the
estimated useful lives of the assets at the following annual rates

 SCHEDULE OF ESTIMATED USEFUL LIVES ASSETS

 %

 Computers
 and equipment

 Vehicle

 When
an asset is retired or otherwise disposed of, the related carrying value and accumulated depreciation are removed from the respective
accounts and the net difference less any amount realized from disposition is reflected in the statements of operations.

 G. Impairment of long-lived assets

 Property
and equipment subject to amortization are reviewed for impairment in accordance with ASC 360, "Accounting for the Impairment or
Disposal of Long-Lived Assets", whenever events or changes in circumstances indicate that the carrying amount of an asset may not
be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future
undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized
is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. During the year ended December
31, 2023, no impairment losses were recorded.

 H. Revenue recognition

 The
Company accounts for revenue under ASC 606, Revenue from Contracts with Customers ("ASC 606"). Under the guidance, the Company
determines revenue recognition through the following five steps:

 Identification
 of the contract, or contracts, with a customer;

 Identification
 of the performance obligations in the contract;

 Determination
 of the transaction price;

 Allocation
 of the transaction price to the performance obligations in the contract; and

 Recognition
 of revenue when, or as, the Company satisfies a performance obligation.

 F- 10

 NOTES

 (U.S.

 NOTE

 I.

 Asset
Management and Investments Fees (Gross): The Company earned Asset management and investment fees from its contracts with its clients.
These fees were primarily earned over time on a daily basis and are generally assessed based on fixed percentage of the Assets Under
Management (AUM). Other related services provided include investment banking and consulting for which the Company's fees, which
were based on a fixed fee schedule, were recognized when the services were rendered.

 All
of the Company's revenues were from contracts with customers. Customers were invoiced at the end of the month.

 See note 3.

 Contract
Assets and Liabilities

 A
contract asset is an entity's right to payment for goods and services already transferred to a customer if that right to payment
is conditional on something other than the passage of time. Generally, an entity will recognize a contract asset when it has fulfilled
a contract obligation but must perform other obligations before being entitled to payment.

 A
contract liability is an entity's obligation to transfer goods or services to a customer at the earlier of (1) when the customer
prepays consideration or (2) the time that the customer's consideration is due for goods and services the entity will yet provide.
Generally, an entity will recognize a contract liability when it receives a prepayment.

 At December 31, 2023, contract assets and liabilities were $ 0.

 J. Fair value of financial instruments

 The
carrying amounts reported in the balance sheets for cash and cash equivalents, bank deposits, other current assets and accounts receivable
and accounts payable approximate their fair market value based on the short-term maturity of these instruments. The Company did not have
any non-financial assets or liabilities that are measured at fair value on a recurring basis as of December 31, 2023, and 2022.

 K. Marketable securities

 Marketable
securities represent equity investments in common stocks mutual funds. Equity investments in unconsolidated entities, other than those
accounted for using the equity of accounting, are generally measured at fair value. Realized and unrealized gains and losses are included
in net income.

 Fair
Value Measurements

 The
Company values its investments under the provisions of FASB ASC Topic 820, "Fair Value Measurements and Disclosures" ("ASC
820"), which defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit
price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants
on the measurement date. ASC 820 also establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs
and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used
to measure fair value:

 Level
1 - Quoted prices in active markets for identical assets or liabilities.

 Level
2 - Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that
are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term
of the assets or liabilities.

 Level
3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or
liabilities.

 See note 3.

 L. Severance pay

 The
groups liability for severance pay is calculated according to Section 14 of the Israeli Severance Compensation Act, 1963 ("Section
14"), pursuant to which Holdings' severance pay liability to its employees is fully discharged by monthly deposits to pension
fund accounts in the employees' names, at a rate of 8.33 % of the employees' monthly salary. Under Israeli employment law,
payments in accordance with Section 14 release Holdings from any future severance payment obligations in respect of those employees.
The fund is made available to the employee at the time the employer-employee relationship is terminated, regardless of the cause of termination.
The severance pay liabilities and deposits under Section 14 are not reflected in the consolidated balance sheets as the severance pay
risks have been irrevocably transferred to the severance funds.

 F- 11

 NOTES

 (U.S.

 NOTE

 M. Income taxes

 The
Company accounts for income taxes under ASC 740, "Income Taxes". Under the asset and liability method of ASC 740, deferred
tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income
tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification
of the assets and liabilities generating the differences.

 The
Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon
the potential likelihood of realizing the deferred tax asset and taking into consideration the Company's financial position and
results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable
income within the carry-forward period under the Federal tax laws. Changes in circumstances, such as the Company generating taxable income,
could cause a change in judgment about the realizability of the related deferred tax asset. Any change in the valuation allowance will
be included in income in the year of the change in estimate.

 The
Company accounts for uncertainties in income taxes under the provisions of ASC 740-10-05 which clarifies the accounting for uncertainty
in income taxes recognized in an enterprise's financial statements and certain recognition thresholds must be met before a tax
position is recognized. An entity may only recognize or continue to recognize tax positions that meet a "more likely-than-not"
threshold. As of December 31, 2023 and 2022, the Company does not believe it has any uncertain tax positions that would require either
recognition or disclosure in the accompanying financial statements. The Company recognizes interest and penalties related to uncertain
income tax positions in other expense.

 N. Concentrations of credit risks

 Financial
instruments that potentially subject the Company to credit risk consist of cash and cash equivalents and restricted bank deposit. Cash
and cash equivalents and the restricted bank deposit are invested mainly in USD and NIS in banks in Israel and the United States. Such
funds in United States may be in excess of insured limits and are not insured in other jurisdictions. Management believes that the financial
institutions that hold the Company's investments are financially sound and, accordingly, minimal credit risk exists with respect
to these investments.

 The
Company has no off-balance-sheet concentrations of credit risk such as foreign exchange contracts, option contracts or other foreign
hedging arrangements.

 F- 12

 NOTES

 (U.S.

 NOTE

 O. Basic and diluted net loss per share

 The
Company computes net loss per share in accordance with ASC 260, "Earnings per share." Basic loss per share is computed by
dividing net loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period,
net of the weighted average number of treasury shares (if any).

 Diluted
loss per common share is computed similarly to basic loss per share, except that the denominator is increased to include the number of
additional potential common shares that would have been outstanding if the potential common shares had been issued and if the additional
common shares were dilutive. Potential common shares are excluded from the computation for a period in which a net loss is reported or
if their effect is anti-dilutive.

 P. Legal and other contingencies

 The
Company accounts for its contingent liabilities in accordance with ASC 450 "Contingencies" under which a provision is recorded
when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. With respect to legal
matters, provisions are reviewed and adjusted to reflect the impact of negotiations, estimated settlements, legal rulings, advice of
legal counsel and other information and events pertaining to a particular matter. As of December 31, 2023 and 2022, the Company is not
a party to any litigation that could have a material adverse effect on the Company's business, financial position, results of operations
or cash flows.

 Legal
costs incurred in connection with loss contingencies are expensed as incurred.

 Q. Warrants

 Warrants
that were granted by the Company to investors through private placement transactions and to the Holdings stockholders under the Holdings
Exchange are classified as a component of permanent equity since they are freestanding financial instruments that are legally detachable
and separately exercisable, contingently exercisable, do not embody an obligation for the Company to repurchase its own shares, and permit
the holders to receive a fixed number of shares of

 F- 13

 NOTES

 (U.S.

 NOTE

 Q.

 common
stock upon exercise. In addition, the warrants must require physical settlement and may not provide any guarantee of value or return.
Fully vested and non-forfeitable warrants that meet these criteria are initially recorded at their grant date fair value and are not
subsequently re-measured.

 R. Leases

 The
Company accounts for leases under the guidance of FASB Accounting Standards Codification, or ASC, Topic 842, Leases, or ASC 842, which
requires the recognition of the right-of-use assets and related operating and finance lease liabilities on the balance sheet and the
disclosure of key information about certain leasing arrangements.

 Leases
are classified as either finance leases or operating leases. A lease is classified as a finance lease if any one of the following criteria
are met: the lease transfers ownership of the asset by the end of the lease term, the lease contains an option to purchase the asset
that is reasonably certain to be exercised, the lease term is for a major part of the remaining useful life of the asset or the present
value of the lease payments equals or exceeds substantially all of the fair value of the asset. A lease is classified as an operating
lease if it does not meet any one of these criteria. Substantially all the Company's operating leases are comprised of office space
leases and substantially all its finance leases are comprised of office furniture and technology equipment.

 Lease
payments included in the measurement of the lease liability comprise the following: the fixed non-cancellable lease payments, payments
for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination
options unless it is reasonably certain the lease will not be terminated early.

 Lease
expense for operating leases consists of the lease payments, and is recognized on a straight-line basis over the lease term. Included
in lease expense are any variable lease payments incurred in the period that were not included in the initial lease liability.

 The
Company recognized a lease liability in the amount of the present value of the lease payments, and concurrently recognized right of use
assets in the same amount of the lease liability regarding a lease agreement classified as operating lease.

 F- 14

 NOTES

 (U.S.

 NOTE

 S. Goodwill

 Goodwill
consists of the excess of cost over net assets acquired of Ocean. Goodwill is not amortized, but is tested at least annually for impairment,
or if circumstances change that will more likely than not reduce the fair value of the reporting unit below its carrying amount. The
Company performs annual impairment testing on a recurring basis in the last quarter of each year. Impairments, if any, are expensed in
the year incurred. The Company did no t record an impairment in 2022.

 T. Recently adopted accounting
pronouncements.

 In June 2016, the Financial Accounting Standards Board (the "FASB") issued Accounting Standard Update
("ASU") 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which
changes how entities will measure credit losses for financial assets and certain other instruments that are not measured at fair value
through net income. The new expected credit loss impairment model requires immediate recognition of estimated credit losses expected to
occur. Additional disclosures are required regarding assumptions, models, and methods for estimating the credit losses. ASU 2019-10, Financial
Instruments-Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates, deferred the effective
date for non-public companies. The standard is effective for non-public companies for fiscal years beginning after December 15, 2022.
We adopted these requirements as of January 1, 2023 with no material impact on our consolidated financial statements.

 NOTE
3 - SALE OF SUBSIDIARY

the closing of the transactions described in note 1.B. on March 20, 2023, the company disposed its investments in Ocean Yetsira, Yetsira
and Ocean (the sold companies). On August 14, 2023, the company received the cash consideration of the transaction amounted to $ 1,163
thousand.

 As
of February 7, 2023, the Company does not have any financial or economic benefit with respect to the contentious operation of Ocean
Yetsira and its subsidiaries. As a result, the company ceased the consolidation of the sold companies' assets, liabilities and
results.. The 1,254,498 shares
described in note 1.B. were returned and canceled during November 2023. These shares were decreased from the additional
paid-in capital in the amount of $ 321
thousand, According to the value of the shares held in the subsidiary and were exchanged. (NIS 2,210 per share)

 Assets
Held for Sale

 In
accordance with the provisions of ASC-205-20, presentation of Financial Statements, the company have separately reported the assets and
liabilities of the discontinued operations in the consolidated statements of financial position as of December 31, 2022.

non-commital guidelines for future transactions regarding sale of main activity to related parties during 2022 and the agreement described
in note 1.B., the company classified its investments in the sold companies as of December 31, 2022 as an asset held for sale. The balances
of the sold companies were as follows.

 SCHEDULE OF DISCONTINUED OPERATIONS HELD FOR SALE

 31,

 2022

 Cash
 and cash equivalents

 Marketable
 securities

 Bank
 deposit

 receivable

 Other
 current assets

 Property
 and equipment, net

 Intangible
 assets, net

 Goodwill

 Total

 1,508

 payable

 taxes

 Capital
 note

 Total
 liabilities

 F- 15

 NOTES

 (U.S.

 NOTE
4 - LOANS GRANTED TO STOCKHOLDERS

 In
2019, the Company entered into loan agreements with three of its stockholders, who also serve as service providers to Yetsira and Ocean
(see also Note 11C), under which the Company issued each of the three a loan of NIS 41 thousand, for an aggregated total of NIS 123 thousand
(approximately $ 34 thousand) (the "Loans"). The Loans bear interest at a rate of 1.45 % per annum (the "Interest").
 The Loans are payable on the earlier of the stockholders' request to repay, 90 days after the termination of such stockholders'
service agreements, or 30 days after the resignation of such stockholders from their positions as a service providers or 30 days upon
selling of 25% of the Company's shares that are held by such stockholders.

2020, one of the stockholders service agreement was terminated and the loan amounted $ 12 thousand was fully repaid.

2021, one of the stockholders service agreement was terminated and the loan of amounted $ 13 thousand was fully repaid.

2023 the remaining loan amounted $ 13 thousand was fully repaid.

 F- 16

 NOTES

 (U.S.

 NOTE
4 - LOANS GRANTED TO STOCKHOLDERS (CONT.)

 Composition:

 SCHEDULE OF LOANS REPAYMENT INTEREST INCOME

 Year
 ended
 31,

 Year
 ended
 31,

 2023

 2022

 Opening
 balance

 $

 $

 Interest
 income and exchange differences

 ( 1
)

 Repayment

 ( 12
)

 Closing
 balance

 $
 -

 $

 NOTE
5 - COMMITMENT AND CONTINGENCIES

 A.

 Leases:

 On
October 22, 2020, Ocean Yetsira entered into new Lease Agreement (the "New Lease Agreement") with an unrelated third party,
for leasing premises which including 196 square meters and 4 parking spaces. The lease is for a term commencing December 1, 2020 throughout
November 30, 2022 (the "Leasing Period"), and Ocean Yetsira has the right to terminate the New Lease Agreement in an advance
notice of 3 months following the lapse of first 9 months of Leasing Period. The monthly lease fee

 F- 17

 NOTES

 (U.S.

 NOTE
5 - COMMITMENT AND CONTINGENCIES (CONT.)

 A.

 amounted
to NIS 65 (approximately $ 19) for each square meter and NIS 750 (approximately $ 214) for each parking space. The monthly lease fee is
linked to the index price customer.

 In
addition, Ocean Yetsira has the right to extend the Leasing Period by additional 24 months, as long as advance notice of 6 months has
been provided before the ending of the Leasing Period.

 Ocean
Yetsira pledged an amount of NIS 55 (approximately $ 16) to secure its commitments under the New Lease Agreement for a period commencing
the closing of the New Lease Agreement through 60 days following the New Lease Agreement's termination date.

 The
lease was capitalized under ASC 842: minimum payment $ 5 thousands, 24 months, interest rate 3.6 %.

 Total
lease expenses amounted to $ 55 thousands for the year ended December 31, 2022.

 The
agreement term was ended in November 2022.

 B.
 the acquisition of Ocean, the mutual fund management activity of the group was managed through
 Ocean.

 On
September 24, 2020, Ocean entered into a new hosting agreement (the "New Hosting Agreement") with Sigma Mutual Funds Ltd.
("Sigma Mutual Funds"), an unrelated third party, under which Ocean receives hosting services from Sigma Mutual Funds and
provides fund portfolio management services

 F- 18

 NOTES

 (U.S.

 NOTE
5 - COMMITMENT AND CONTINGENCIES (CONT.)

 B.

 for
funds under the management of Sigma Mutual Funds. The New Hosting Agreement replaced the Hosting Agreement signed with Mutual Funds Moduls.

 The
New Hosting Agreement term is for unlimited period commencing the date in which the Company's funds are transferred from the former
funds administrator and may be terminate upon occurrence of events as determined in the New Hosting Agreement. As of November 9, 2020,
the Company's funds were transferred from the former funds administrator and the New Hosting Agreement has entered into effect.

the year ended December 31, 2022, the Company incurred hosting services and fund portfolio management services expenses in total amount
of $ 1,071 thousands
which were recorded as cost of revenues in the Consolidated Statements of Operations and Comprehensive Loss.

 C.
 Yetsira
 and Ocean Yetsira entered into Administration Service Agreements (the "Agreements")
 with certain of the Company stockholders (the "Service Providers"), under which
 the Service Providers will provide outsourced executive services over a period of 12 months
 commencing from the Effective Date. In consideration of their services, the Service Providers
 will be entitled to (1) monthly consideration which is subject to the volume of assets administered
 by Ocean Yetsira; (2) bonus awards as defined and under conditions specified in the Agreements
 and (3) reimbursement of reasonable expenses that were incurred to perform the services.
 Following the agreement described in Note 1.C., certain service providers operate through
 Creations.

 In
addition, the Service Providers are also committed to non-competition clauses over a period of twenty-four months commencing the Effective
Date (the "Non-Competition Period"). It was agreed that (1) upon termination of the Agreement by the Company, the Service
Providers will be entitled to their monthly based salary over the period commencing the termination period and through the Non-Competition
Period or (2) upon resignation of the Agreement by a Service Provider, the Service Provider will be entitled to 50 % of his monthly based
salary over the period commencing the termination period and through the Non-Competition Period but the Company has the right to avoid
the payment by release the Service Provider from this commitment under the non-competition clause.

the closing of the transactions described in note 1.B., the agreements described in the previous paragraphs were adopted by the
company in connection to the company's CEO. in the amount of NIS 25 thousand per month (approximately $ 7 thousand). The
agreement includes six months severance payment.

 F- 19

 NOTES

 (U.S.

 NOTE
6 - STOCKHOLDERS' EQUITY

 A.
 Common
 Stock

 The
holder of the shares of Common Stock are entitled to the following rights:

 1.
 Right
 to participate and vote in the Company's general meetings, whether regular or extraordinary.
 Each share will entitle its holder, when attending and participating in the voting in person
 or via agent or letter, to one vote;

 2.
 Right
 to share in distribution of dividends, whether in cash or in the form of bonus shares; the
 distribution of assets or any other distribution pro rata to the par value of the shares
 held by them;

 3.
 Right
 to a share in the distribution of the Company's excess assets upon liquidation on a
 pro rata basis to the par value of the shares held by them.

 B.
 Warrants
 ( exercise price of $1.00 per share)

 SCHEDULE OF WARRANTS

 2023

 2022

 Outstanding as of January 1

 Granted

 -

 -

 Expired

 ( 3,544,242
)

 -

 Outstanding as of December 31

 F- 20

 NOTES

 (U.S.

 NOTE
7 - EMPLOYEE BENEFITS

 Refers
to discontinued operations

 The
Company's liability for severance pay is calculated according to Section 14 of the Israeli Severance Compensation Act, 1963 ("Section
14"), pursuant to which Holdings' severance pay liability to its employees is fully discharged by monthly deposits to pension
fund accounts in the employees' names, at a rate of 8.33 % of the employees' monthly salary. Under Israeli employment law,
payments in accordance with Section 14 release from any future severance payment obligations in respect of those employees. The fund
is made available to the employee at the time the employer-employee relationship is terminated, regardless of the cause of termination.
The severance pay liabilities and deposits under Section 14 are not reflected in the consolidated balance sheets as the severance pay
risks have been irrevocably transferred to the severance funds.

 Severance
pay deposit expenses under Section 14 for the years ended December 31, 2023 and 2022 amounted to $ 0 thousand and $ 10 thousand, respectively.

 NOTE
8 - TAXES ON INCOME

 A.
 Taxation
 under Various Laws

 1.
 Tax
 rate applicable to Ocean Yetsira, Yetsira and Ocean is 23 %.

 2.
 Tax
 rates applicable to the Company:

 The
federal income tax rates is a 21 %
flat rate, There is a provision designed to currently tax global intangible low-taxed
income ("GILTI"), beginning in 2018 tax year. As the Company is currently in a loss position, there was no tax effect in
the current year. The Company will record the U.S. income tax effect of future GILTI inclusions in the period in which they arise, if
relevant.

 F- 21

 NOTES

 (U.S.

 NOTE
8 - TAXES ON INCOME (CONT.)

 B.
 Net
 operating losses carryforward

 As
of December 31, 2023, the Company (excluding subsidiaries) has accumulated net operating loss carryforwards for U.S. federal income
tax purposes of approximately $ 221 thousand which may be carried forward and offset against taxable income in the future for an
indefinite period. Utilization of the U.S. net operating losses may be subject to substantial annual limitations due to the
"change in ownership" provisions of the Internal Revenue Code of 1986 and similar state provisions. The annual
limitation may result in the expiration of net operating losses before utilization.

 C.
 Income
 tax expenses

 Tax
expenses for the years ended December 31, 2023 and 2022 are as follows:

 SCHEDULE OF INCOME TAX EXPENSES

 2023

 2022

 31,

 2023

 2022

 Current
 tax

 $

 $

 Prior
 periods tax

 -

 Income
 tax expenses

 $

 $

 F- 22

 NOTES

 (U.S.

 NOTE
8 - TAXES ON INCOME (CONT.)

 D.
 income taxes

income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets are
as follows:

 SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

 2023

 2022

 Year
 Ended December 31,

 2023

 2022

 tax assets:

 Net
 operation loss carryforward

 $

 $

 Net
 deferred tax asset before valuation allowance

 Valuation
 allowance

 ( 46
)

 ( 357
)

 Net
 deferred tax asset

 $
 -

 $
 -

 Refers
to discontinued operations

 2023

 2022

 Year
 Ended December 31,

 2023

 2022

 tax liability:

 Customer
 relations intangible assets

 $
 -

 $

 Net
 deferred tax liability

 $
 -

 $

 The
Company has a valuation allowance against a majority of its net deferred tax assets due to the uncertainty of realization of the deferred
tax assets due to the operating loss history of the Company. The Company currently provides a valuation allowance against deferred taxes
when it is more likely than not that some portion, or all of its deferred tax assets will not be realized. The valuation allowance could
be reduced or eliminated based on future earnings and future estimates of taxable income.

 E.
 Reconciliation
 of Income Taxes

 The
main reconciling item between the statutory tax rate of the Company and the effective tax rate is the recognition of valuation allowances
in respect to deferred taxes relating to accumulated net operating losses carried forward and temporary differences due to the uncertainty
of the realization of such deferred taxes.

 F- 23

 NOTES

 (U.S.

 NOTE
8 - TAXES ON INCOME (CONT.)

 F.
 The
 components of profit and loss before taxes on income are as follows:

 SCHEDULE OF COMPONENTS OF LOSS BEFORE TAXES ON INCOME

 2023

 2022

 Year
 ended December 31,

 2023

 2022

 – discontinued operations

 $

 $

 Domestic
 – continuing operations

 ( 76
)

 ( 146
)

 Income
 (loss) before taxes on income

 $
 ( 76
)

 $

 G.
 Tax
 Assessments

 The
Company has not received final tax assessments for income tax purposes since incorporation.

 NOTE
9 - FINANCIAL INCOME, NET

 Composition:

 SCHEDULE OF FINANCIAL INCOME, NET

 2023

 2022

 Year
 ended December 31,

 2023

 2022

 Bank
 commissions and others

 $
 -

 $
 -

 Other

 Total
 financial income, net

 $

 $

 F- 24

 NOTES

 (U.S.

 NOTE
10 - RELATED PARTIES BALANCES AND TRANSACTIONS

 A.
 Balances
 with related parties

 SCHEDULE OF BALANCES WITH RELATED PARTIES

 2023

 2022

 31,

 2023

 2022

 Assets:

 Loans
 granted to stockholders (Note 9)

 $
 -

 $

 Liabilities:

 fee payable to stockholders

 $

 $

 B.
 Transactions
 with related parties

 SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES

 2023

 2022

 Year
 ended December 31,

 2023

 2022

 Income:

 Income
 (expenses) in respect to loans granted to stockholders

 $
 ( 1
)

 $

 Expenses:

 fee (including discontinued operation)

 $

 $

 F- 25

 ITEM
 9.

 CHANGES
 IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

 None.

 ITEM
 9A.

 CONTROLS
 AND PROCEDURES

 Evaluation
of Disclosure Controls and Procedures

 As
of the end of the period covered by this report, we conducted an evaluation, under the supervision and with the participation of our
chief executive officer and chief financial officer of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule
15d-15(e) of the Exchange Act). Based upon this evaluation, our chief executive officer and chief financial officer concluded that our
disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports that we file
or submit under the Exchange Act is: (i) recorded, processed, summarized and reported, within the time periods specified in the Commission's
rules and forms, and (ii) accumulated and communicated to our management, including our chief executive officer and chief financial officer,
or person performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 Changes
in Internal Control Over Financial Reporting

 There
were no changes in the Company's internal control over financial reporting (as defined in Rule 13a-15f of the Exchange Act) that
occurred during the fiscal quarter ended December 31, 2022, that has materially affected, or are reasonably likely to materially affect,
our internal control over financial reporting.

 Limitations
on Internal Controls

 In
designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how
well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design
of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply
its judgment in evaluating the benefits of possible controls and procedures relative to their costs.

 ITEM
 9B.

 OTHER
 INFORMATION

 None.

 ITEM
 9C.

 DISCLOSURE
 REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

 Not
applicable.

 PART
III

 ITEM
 10.

 DIRECTORS,
 EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

 Our
board of directors consists of two (2) members: Shumel Yelshevich, and Ilan Arad Keshet.

 Directors
and Executive Officers

 The
following table provides information as of April 15, 2024 as to each person who is, as of the filing hereof, a director and/or executive
officer of the Company:

 Name

 Position(s)

 Age

 Shmuel Yelshevich

 Interim Chief Executive Officer, Chief Financial Officer, President, Treasurer, and Secretary

 Ilan Arad Keshet

 Chairman of the Board

 (1)
Chairman of audit committee and Chairman of compensation committee

 No
Family Relationships

 There
is no family relationship between any director and executive officer or among any directors or executive officers.

 Business
Experience and Background of Directors and Executive Officers

 BOARD
OF DIRECTORS

 Shmuel
Yelshevish co-founded Yetsira and served as Chief Financial Officer, Vice President of Sales and Investment Manager at Yetsira
since November 2016. From 2013 to 2016, Mr. Yelshevich served as a manager of marketing department, portfolio manager and analyst at
Israeli portfolio management firm. Mr. Shmuel holds a B.A. in Finance and Financial Risk
Management from The Interdisciplinary Center Herzliya. Mr.

 Ilan
Arad Keshet co-founded Yetsira and has served as Chief Executive Officer and Investment Manager of Yetsira since November 2016. From
2013 to 2015. Mr. Arad Keshet served as a private investment manager and counselor to a wealth family, specializing in complex options
strategies. From 2010 to 2013, Mr. Arad Keshet served at dash- Securities, a large brokerage firm in Israel, as a trading floor manager
and portfolio manager of institutional funds. Mr. Arad Keshet holds a BA in Finance from
Max Stern Yezreel Valley College.

 Board
Leadership Structure and Role in Risk Oversight

 Our
Board of Directors is primarily responsible for overseeing our risk management processes on behalf of our company. The Board of Directors
receives and reviews periodic reports from management, auditors, legal counsel, and others, as considered appropriate regarding our company's
assessment of risks. The Board of Directors focuses on the most significant risks facing our company and our company's general
risk management strategy, and also ensures that risks undertaken by our Company are consistent with the board's appetite for risk.
While the board oversees our company's risk management, management is responsible for day-to-day risk management processes. We
believe this division of responsibilities is the most effective approach for addressing the risks facing our company and that our board
leadership structure supports this approach.

 Committees
of the Board

 We
currently do not maintain any committees of the Board of Directors. Given our size and the development of our business to date, we believe
that our directors can perform all of the duties and responsibilities which might be performed by a committee. We do not currently have
an audit committee financial expert.

 Corporate
Governance Guidelines

 The
Board of Directors will adopt corporate governance guidelines that serve as a flexible framework within which our Board of Directors
and its committees operate. These guidelines will cover a number of areas including the size and composition of the board, board membership
criteria and director qualifications, director responsibilities, board agenda, roles of the chairman of the board and Chief Executive
Officer and Chief Financial Officer, meetings of independent directors, committee responsibilities and assignments, board member access
to management and independent advisors, director communications with third parties, director compensation, director orientation and continuing
education, evaluation of senior management and management succession planning. A copy of our corporate governance guidelines will be
available on our website at www. Creationsfin.com

 Involvement
in Certain Legal Proceedings

 To
our knowledge, our directors and executive officers have not been involved in any of the following events during the past ten years:

 1.

 any
 bankruptcy petition filed by or against such person or any business of which such person was a general partner or executive officer
 either at the time of the bankruptcy or within two years prior to that time;

 2.

 any
 conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor
 offenses);

 3.

 being
 subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction,
 permanently or temporarily enjoining him from or otherwise limiting his involvement in any type of business, securities or banking
 activities or to be associated with any person practicing in banking or securities activities;

 4.

 being
 found by a court of competent jurisdiction in a civil action, the SEC or the Commodity Futures Trading Commission to have violated
 a Federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated;

 5.

 being
 subject of, or a party to, any Federal or state judicial or administrative order, judgment decree, or finding, not subsequently reversed,
 suspended or vacated, relating to an alleged violation of any Federal or state securities or commodities law or regulation, any law
 or regulation respecting financial institutions or insurance companies, or any law or regulation prohibiting mail or wire fraud or
 fraud in connection with any business entity; or

 6.

 being
 subject of or party to any sanction or order, not subsequently reversed, suspended, or vacated, of any self-regulatory organization,
 any registered entity or any equivalent exchange, association, entity or organization that has disciplinary authority over its members
 or persons associated with a member.

 Board
of Directors Meetings and Attendance

 We
have no formal policy regarding director attendance at the annual meeting of stockholders. The Board of Directors held 1 meeting in
2023. All Board members were present at all of the meetings.

 Section
16(a) Beneficial Ownership Reporting Compliance

 Section
16(a) of the Exchange Act requires the Company's directors, executive officers and persons who own more than 10% of the Company's
stock (collectively, "Reporting Persons") to file with the SEC initial reports of ownership and changes in ownership of the
Company's common stock. Reporting Persons are required by SEC regulations to furnish the Company with copies of all Section 16(a)
reports they file. To the Company's knowledge, based solely on its review of the copies of such reports received or written representations
from certain Reporting Persons that no other reports were required, the Company believes that during its fiscal year ended December 31,
2023 all Reporting Persons timely complied with all applicable filing requirements, if applicable.

 ITEM
 11.

 EXCUTIVE
 COMPENSATION

 The
following table sets forth all compensation recorded by us in each of the last two completed fiscal years for the named executive officers.

 Name and Principal Position

 Year

 Salary ($)

 Bonus ($)

 Stock Awards

 Option Awards

 Non-Equity Incentive Plan Compensation

 Non-Qualified Deferred Compensation

 All Other Compensation

 Total Compensation ($)

 Shmuel Yelshevich

 2023

 Interim Chief Executive Officer

 2022

 Ilan Arad Keshet

 2023

 Chairman of the Board

 2022

 Employment
Agreements with Named Officers

 Gradation of the volume of managed
(in NIS million)

 The monthly Consideration
(in NIS, before VAT)

 0-1,000

 20,000

 1,001-2,000

 30,000

 2,001-3,000

 45,000

 3,001-4,000

 65,000

 4,001+

 85,000

 Outstanding
Equity Awards at Fiscal Year-End

 There
were no outstanding equity awards at the end of December 31, 2023.

 Director
Compensation

 To
date, we have not paid any compensation to our directors.

 ITEM
 12.

 SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

 The
following table sets forth information with respect to the beneficial ownership of our common stock as of April 15, 2024 for:

 each
 beneficial owner of more than 5% of our outstanding common stock;

 each
 of our director and named executive officers; and

 all
 of our directors and executive officers as a group.

 Beneficial
ownership is determined in accordance with the rules of the SEC. These rules generally attribute beneficial ownership of securities to
persons who possess sole or shared voting power or investment power with respect to those securities and include common stock that can
be acquired within 60 days of April 15, 2024. The percentage ownership information shown in the table is based upon 2,289,744 shares of common
stock outstanding as of April 15, 2024.

 In
computing the number of shares of common stock beneficially owned by a person and the percentage ownership of that person, we deemed
outstanding shares of common stock subject to options and warrants held by that person that are immediately exercisable or
exercisable within 60 days of April 15, 2024. We did not deem these shares outstanding, however, for the purpose of computing the
percentage ownership of any other person. Beneficial ownership representing less than 1% is denoted with an asterisk (*). The
information in the table below is based on information known to us or ascertained by us from public filings made by the
stockholders. Except as otherwise indicated in the table below, addresses of the directors, executive officers and named beneficial
owners are in care of the Company.

 Name and Address of Beneficial
 Owner

 Title of Class

 Number of shares

 of Common stock

 Beneficially

 Owned

 Percentage of

 Common stock

 Beneficially

 Owned (1)

 Estate of Guy
 Nissenson

 Common Stock

 1,044,435

 45.61
 %

 Shmuel
Yelshevich

 Common Stock

 80,903

 3.53
 %

 Ilan
Arad

 Common Stock

 80,903

 3.53
 %

 All Executive Officers and Directors as a group (2 individuals)

 161,806

 7.07
 %

 ITEM
 13.

 CERTAIN
 RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

 Related
Party Transactions

 We
describe below all transactions and series of similar transactions, other than compensation arrangements, in the last two fiscal years,
to which we were a party or will be a party, in which:

 the
 amounts involved exceeded the lesser of $120,000 or one percent of the average of the Company's total assets at year-end for
 the last two completed fiscal years; and

 any
 of our directors, executive officers or holders of more than 5% of our capital stock, or any member of the immediate family of the
 foregoing persons, had or will have a direct or indirect material interest.

 The
Company will only enter into related party transactions if the terms are at least as favorable to them as could be obtained from a third
party.

 Director
Independence

 We
currently do not have any directors who are independent.

 ITEM
 14.

 PRINCIPAL
 ACCOUNTANT FEES AND SERVICES

 The
following is a summary of the fees billed to the Company by Barzily and other tax professionals for professional accounting services
rendered for the year ended December 31, 2023 and 2022.

 Fiscal Year 2023

 Fiscal Year 2022

 Audit fees

 $

 $

 Audit related fee

 -

 -

 Tax fees

 3.6

 3.6

 Other fees

 -

 -

 Total

 $
 3 3.6

 $
 37.6

 Audit
fees consist of fees billed for services rendered for the audit of our financial statements and review of our financial statements included
in our quarterly reports on Form 10–Q. Other fees consist of comfort letter service fees.

 Tax
fees consist of fees billed for professional services related to the preparation of our U.S. federal and state income tax returns.

 We
did not incur assurance and audit-related fees during 2023 and 2022, to Barzily as applicable, nor in connection with the audit of our
financial statements for the reviews of registration statements and issuance of related consents and assistance with SEC comment letters.

 There
were no other fees billed to us by Barzily as applicable, for services rendered to us during the years ended December 31, 2023 and 2022,
respectively, other than the services described above under "Audit Fees" and "Audit-Related Fees."

 Policy
on Pre-Approval by Audit Committee of Services Performed by Independent Registered Public Accounting Firms

 The
policy of the audit committee is to pre-approve all audit and permissible non-audit services to be performed by the independent public
accounting firm during the fiscal year. The audit committee pre-approves services by authorizing specific projects within the categories
outlined above. The audit committee's charter delegates to its Chair the authority to address any requests for pre-approval of
services between audit committee meetings, and the Chair must report any pre-approval decisions to the audit committee at its next scheduled
meeting. All services related to the fees described above were approved by the audit committee pursuant to the pre-approval provisions
set forth in the applicable SEC rules and the audit committee's charter.

 ITEM
 15.

 EXHIBITS
 AND FINANCIAL STATEMENT SCHEDULES.

 Exhibit
 No.

 Description

 3.1

 Certificate of Incorporation of Creations, Inc., dated May 13, 2019 (previously filed as Exhibit 3.1 to the Company's Form S-1 filed with the SEC on July 29, 2020)

 3.2

 By-Laws of Creations, Inc. (previously filed as Exhibit 3.2 to the Company's Form S-1 filed with the SEC on July 29, 2020)

 10.1

 Share Exchange Agreement dated as of September 7, 2020 by and among Creations, Inc., Agaron Barkai & Co. Ltd., and Ocean Yetsira Ltd. (previously filed as Exhibit 10.1 to the Company's Form 8-K filed with the SEC on February 15, 2023)

 10.2

 Agreement for the Purchase of Shares and Capital Notes dated as of February 9, 2023 (previously filed as Exhibit 10.2 to the Company's form 8-K filed with the SEC on February 15, 2023)

 31.1

 Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer and Acting Chief Financial Officer (furnished herewith)

 32.1

 Certification by the Chief Executive Officer and Acting Chief Financial Officer pursuant to 18 U.S.C. Section 1350 (furnished herewith)

 101.INS

 101.SCH

 101.CAL

 101.DEF

 101.LAB

 101.PRE

 Cover

 ITEM
 16.

 FORM
 10-K SUMMARY

 Not
applicable.

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.

 Creations,
 Inc.

 Date:
 April 15, 2024

 By:

 /s/
 Shmuel Yelshevich

 Name:

 Shmuel
 Yelshevich

 Title:

 Interim
 Chief Executive Officer