10-Q Filing

VIEWBIX INC. CIK: 797542 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001295345-15-000364`
Period End Date	20150930
Filing Date	20151120
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	mrla-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 68 Cash Flow Statement 52 Comprehensive Income 12

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$447.03K	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$14.41K	USD	Point-in-time
Due from related party	`RelatedPartyTransactionDueFromToRelatedPartyCurrent`	-	USD	Point-in-time
Due from related party	`RelatedPartyTransactionDueFromToRelatedPartyCurrent`	$19.00K	USD	Point-in-time
Other receivable	`OtherReceivables`	$6.72K	USD	Point-in-time
Other receivable	`OtherReceivables`	$11.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.13K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$458.84K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $4,180 and $66, respectively	`FixedAssetsNetOfAccumulatedDepreciationOf4180And66Respectively`	23,260.00	pure	Point-in-time
Fixed assets, net of accumulated depreciation of $4,180 and $66, respectively	`FixedAssetsNetOfAccumulatedDepreciationOf4180And66Respectively`	1,390.00	pure	Point-in-time
Total assets	`Assets`	$41.52K	USD	Point-in-time
Total assets	`Assets`	$482.10K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$130.35K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.58K	USD	Point-in-time
Advances payable - related party	`AdvancesPayableRelatedParty`	4,439.00	pure	Point-in-time
Advances payable - related party	`AdvancesPayableRelatedParty`	16,046.00	pure	Point-in-time
Employee payable	`EmployeePayable`	48,506.00	pure	Point-in-time
Employee payable	`EmployeePayable`	0.00	pure	Point-in-time
Accrued interest payable	`AccruedInterestPayable`	2,013.00	pure	Point-in-time
Accrued interest payable	`AccruedInterestPayable`	7,444.00	pure	Point-in-time
Short term notes payable - related party	`ShortTermNotesPayableRelatedParty`	0.00	pure	Point-in-time
Short term notes payable - related party	`ShortTermNotesPayableRelatedParty`	19,521.00	pure	Point-in-time
Short term notes payable	`ShortTermBankLoansAndNotesPayable`	$82.07K	USD	Point-in-time
Short term notes payable	`ShortTermBankLoansAndNotesPayable`	$68.39K	USD	Point-in-time
Convertible note payable - net of discount of $0 and $9,555, respectively	`ConvertibleNotePayableNetOfDiscountOf0And9555Respectively`	29,719.00	pure	Point-in-time
Convertible note payable - net of discount of $0 and $9,555, respectively	`ConvertibleNotePayableNetOfDiscountOf0And9555Respectively`	20,164.00	pure	Point-in-time
Derivative liability	`DerivativeLiabilities`	$20.53K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$314.14K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$137.63K	USD	Point-in-time
Total liabilities	`Liabilities`	$314.14K	USD	Point-in-time
Total liabilities	`Liabilities`	$137.63K	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$1.48K	USD	Point-in-time
Common stock	`CommonStockValue`	$744.00	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.93K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.91K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$-744.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$7.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-105.05K	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$-96.12K	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$167.96K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$482.10K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$41.52K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	3 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	3 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$-618.60K	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	-	USD	3 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$-618.60K	USD	3 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Research and developement expenses	`ResearchAndDevelopmentExpense`	$-499.90K	USD	3 Qtrs
Research and developement expenses	`ResearchAndDevelopmentExpense`	$-252.50K	USD	1 Quarter
Research and developement expenses	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and developement expenses	`ResearchAndDevelopmentExpense`	-	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-539.12K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-364.73K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$-1.24M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-1.66M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	-	USD	3 Qtrs
(Loss) from operations	`IncomeLossFromContinuingOperations`	-	USD	1 Quarter
(Loss) from operations	`IncomeLossFromContinuingOperations`	$-1.66M	USD	3 Qtrs
(Loss) from operations	`IncomeLossFromContinuingOperations`	$-1.24M	USD	1 Quarter
(Loss) from operations	`IncomeLossFromContinuingOperations`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	$-6.93K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-18.76K	USD	3 Qtrs
Stock-based compensation	`StockBasedCompensation`	0.00	pure	1 Quarter
Stock-based compensation	`StockBasedCompensation`	0.00	pure	3 Qtrs
Stock-based compensation	`StockBasedCompensation`	-5.34M	pure	1 Quarter
Stock-based compensation	`StockBasedCompensation`	-5.34M	pure	3 Qtrs
Change in fair value of derivative	`ChangeInFairValueOfDerivative`	20,165.00	pure	1 Quarter
Change in fair value of derivative	`ChangeInFairValueOfDerivative`	0.00	pure	1 Quarter
Change in fair value of derivative	`ChangeInFairValueOfDerivative`	0.00	pure	3 Qtrs
Change in fair value of derivative	`ChangeInFairValueOfDerivative`	20,532.00	pure	3 Qtrs
Gain/loss from foreign currency	`GainLossFromForeignCurrency`	0.00	pure	1 Quarter
Gain/loss from foreign currency	`GainLossFromForeignCurrency`	1,808.00	pure	3 Qtrs
Gain/loss from foreign currency	`GainLossFromForeignCurrency`	0.00	pure	1 Quarter
Gain/loss from foreign currency	`GainLossFromForeignCurrency`	0.00	pure	3 Qtrs
Loss on settlement of debt	`LossOnSettlementOfDebt`	-678,027.00	pure	1 Quarter
Loss on settlement of debt	`LossOnSettlementOfDebt`	0.00	pure	3 Qtrs
Loss on settlement of debt	`LossOnSettlementOfDebt`	0.00	pure	1 Quarter
Loss on settlement of debt	`LossOnSettlementOfDebt`	-678,027.00	pure	3 Qtrs
Other income (expense)	`OtherIncomeExpense`	0.00	pure	3 Qtrs
Other income (expense)	`OtherIncomeExpense`	-6.01M	pure	1 Quarter
Other income (expense)	`OtherIncomeExpense`	-6.02M	pure	3 Qtrs
Other income (expense)	`OtherIncomeExpense`	0.00	pure	1 Quarter
Total income (expense)	`TotalIncomeExpense`	-7.68M	pure	3 Qtrs
Total income (expense)	`TotalIncomeExpense`	0.00	pure	1 Quarter
Total income (expense)	`TotalIncomeExpense`	-7.24M	pure	1 Quarter
Total income (expense)	`TotalIncomeExpense`	0.00	pure	3 Qtrs
Provision for income taxes	`ProvisionForIncomeTaxes`	0.00	pure	3 Qtrs
Provision for income taxes	`ProvisionForIncomeTaxes`	0.00	pure	1 Quarter
Provision for income taxes	`ProvisionForIncomeTaxes`	0.00	pure	1 Quarter
Provision for income taxes	`ProvisionForIncomeTaxes`	0.00	pure	3 Qtrs
Net (loss)	`NetIncomeLoss`	-	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-7.24M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-7.68M	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.54	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.81	USD	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.44M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.41M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.45M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.44M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss1`	$-7.68M	USD	3 Qtrs
Net loss	`NetLoss1`	-	USD	3 Qtrs
Depreciation expense	`Depreciation`	-	USD	3 Qtrs
Depreciation expense	`Depreciation`	$4.12K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$9.55K	USD	3 Qtrs
Change in fair value of derivative liabilities	`ChangeInFairValueOfDerivativeLiabilities`	0.00	pure	3 Qtrs
Change in fair value of derivative liabilities	`ChangeInFairValueOfDerivativeLiabilities`	-367.00	pure	3 Qtrs
Extinguishment of derivative	`ExtinguishmentOfDerivative`	0.00	pure	3 Qtrs
Extinguishment of derivative	`ExtinguishmentOfDerivative`	-20,165.00	pure	3 Qtrs
Shares issued for services	`SharesIssuedForServices`	0.00	pure	3 Qtrs
Shares issued for services	`SharesIssuedForServices`	617,900.00	pure	3 Qtrs
Warrants issued for services	`WarrantsIssuedForServices`	0.00	pure	3 Qtrs
Warrants issued for services	`WarrantsIssuedForServices`	5.34M	pure	3 Qtrs
Loss on settlement of debt	`LossOnSettlementOfDebt1`	678,027.00	pure	3 Qtrs
Loss on settlement of debt	`LossOnSettlementOfDebt1`	0.00	pure	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$131.55K	USD	3 Qtrs
Increase in related parties payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$11.61K	USD	3 Qtrs
Increase in related parties payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	3 Qtrs
Increase in employees payables	`IncreaseInEmployeesPayables`	48,506.00	pure	3 Qtrs
Increase in employees payables	`IncreaseInEmployeesPayables`	0.00	pure	3 Qtrs
Increase in amounts due from related party	`IncreaseInAmountsDueFromRelatedParty`	18,999.00	pure	3 Qtrs
Increase in amounts due from related party	`IncreaseInAmountsDueFromRelatedParty`	0.00	pure	3 Qtrs
Increase in other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	3 Qtrs
Increase in other receivables	`IncreaseDecreaseInOtherReceivables`	$-5.09K	USD	3 Qtrs
Increase in accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	3 Qtrs
Increase in accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$5.43K	USD	3 Qtrs
Cash flows used by operating activities	`CashFlowsUsedByOperatingActivities`	-831,993.00	pure	3 Qtrs
Cash flows used by operating activities	`CashFlowsUsedByOperatingActivities`	0.00	pure	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$-26.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	-	USD	3 Qtrs
Effect of reverse merger	`EffectOfReverseMerger`	0.00	pure	3 Qtrs
Effect of reverse merger	`EffectOfReverseMerger`	467,380.00	pure	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$441.38K	USD	3 Qtrs
Proceeds from sale of common stock (net of issuance expenses)	`ProceedsFromSaleOfCommonStockNetOfIssuanceExpenses`	0.00	pure	3 Qtrs
Proceeds from sale of common stock (net of issuance expenses)	`ProceedsFromSaleOfCommonStockNetOfIssuanceExpenses`	280,000.00	pure	3 Qtrs
Issuance of short-term payable	`IssuanceOfShortTermPayable`	0.00	pure	3 Qtrs
Issuance of short-term payable	`IssuanceOfShortTermPayable`	572,071.00	pure	3 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$852.07K	USD	3 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$432.62K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	3 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsBeginningOfPeriod`	14,411.00	pure	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsBeginningOfPeriod`	0.00	pure	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsEndOfPeriod`	0.00	pure	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsEndOfPeriod`	447,029.00	pure	Point-in-time
Shares issued for reverse merger	`SharesIssuedForReverseMerger`	547.00	pure	3 Qtrs
Shares issued for reverse merger	`SharesIssuedForReverseMerger`	0.00	pure	3 Qtrs
Debt settled with stock	`DebtSettledWithStock`	0.00	pure	3 Qtrs
Debt settled with stock	`DebtSettledWithStock`	91,687.00	pure	3 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss`	0.00	pure	1 Quarter
Net loss	`NetLoss`	-7.23M	pure	1 Quarter
Net loss	`NetLoss`	0.00	pure	3 Qtrs
Net loss	`NetLoss`	-7.68M	pure	3 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	-	USD	3 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-3.30K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	-	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-28.85K	USD	3 Qtrs
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	-	USD	3 Qtrs
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-7.70M	USD	3 Qtrs
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	-	USD	1 Quarter
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-7.24M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.