10-K Filing

VIEWBIX INC. CIK: 797542 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001295345-16-000489`
Period End Date	20151231
Filing Date	20160331
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	mrla-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 34 Cash Flow Statement 58 Comprehensive Income 6

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.41K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.45K	USD	Point-in-time
Due from related party	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Due from related party	`DueFromRelatedPartiesCurrent`	$19.00K	USD	Point-in-time
Other receivable	`OtherReceivables`	$6.72K	USD	Point-in-time
Other receivable	`OtherReceivables`	$25.80K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$141.25K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.13K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $6,563 and $66, respectively	`PropertyPlantAndEquipmentNet`	$1.39K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $6,563 and $66, respectively	`PropertyPlantAndEquipmentNet`	$21.12K	USD	Point-in-time
Total assets	`Assets`	$41.52K	USD	Point-in-time
Total assets	`Assets`	$162.37K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$90.70K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.58K	USD	Point-in-time
Advances payable - related party	`AdvancesPayableRelatedParty`	3,480.00	pure	Point-in-time
Advances payable - related party	`AdvancesPayableRelatedParty`	4,439.00	pure	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	-	USD	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	$25.61K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$2.01K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$19.29K	USD	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	`ShortTermNotesPayable`	119,974.00	pure	Point-in-time
Short term notes payable	`ShortTermNotesPayable`	68,389.00	pure	Point-in-time
Convertible note payable - net of discount of $0 and $9,555, respectively	`ConvertibleNotePayableNetOfDiscountOf0And9555Respectively`	20,164.00	pure	Point-in-time
Convertible note payable - net of discount of $0 and $9,555, respectively	`ConvertibleNotePayableNetOfDiscountOf0And9555Respectively`	29,719.00	pure	Point-in-time
Derivative liability	`DerivativeLiabilities`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$20.53K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$288.77K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$137.63K	USD	Point-in-time
Total liabilities	`Liabilities`	$137.63K	USD	Point-in-time
Total liabilities	`Liabilities`	$288.77K	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$744.00	USD	Point-in-time
Common stock	`CommonStockValue`	$1.53K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.93K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.34K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$-744.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$8.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-105.05K	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$-126.41K	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$-96.12K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$162.37K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$41.52K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$-740.20K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-7.30M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-116.86K	USD	Annual
Total operating expenses	`OperatingExpenses`	$-116.86K	USD	Annual
Total operating expenses	`OperatingExpenses`	$-8.04M	USD	Annual
(Loss) from operations	`IncomeLossFromContinuingOperations`	$-116.86K	USD	Annual
(Loss) from operations	`IncomeLossFromContinuingOperations`	$-8.04M	USD	Annual
Depreciation expense	`Depreciation`	$-66.00	USD	Annual
Depreciation expense	`Depreciation`	$-6.49K	USD	Annual
Interest expense	`InterestExpense`	$-30.60K	USD	Annual
Interest expense	`InterestExpense`	$-5.61K	USD	Annual
Change in fair value of derivative	`UnrealizedGainLossOnDerivatives`	-	USD	Annual
Change in fair value of derivative	`UnrealizedGainLossOnDerivatives`	$-7.38K	USD	Annual
Gain/loss from foreign currency	`GainLossFromForeignCurrency`	-4,147.00	pure	Annual
Gain/loss from foreign currency	`GainLossFromForeignCurrency`	3,877.00	pure	Annual
Other income from grants	`OtherIncomeFromGrants`	0.00	pure	Annual
Other income from grants	`OtherIncomeFromGrants`	20,993.00	pure	Annual
Loss on settlement of debt	`LossOnSettlementOfDebt`	-678,027.00	pure	Annual
Loss on settlement of debt	`LossOnSettlementOfDebt`	0.00	pure	Annual
Other income (expense)	`OtherIncome`	$-719.27K	USD	Annual
Other income (expense)	`OtherIncome`	$11.81K	USD	Annual
Total income (expense)	`TotalIncomeExpense`	-8.76M	pure	Annual
Total income (expense)	`TotalIncomeExpense`	-105,049.00	pure	Annual
Provision for income taxes	`ProvisionForIncomeTaxes`	0.00	pure	Annual
Provision for income taxes	`ProvisionForIncomeTaxes`	0.00	pure	Annual
Net (loss)	`NetIncomeLoss`	$-105.05K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-8.76M	USD	Annual
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.81	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.87M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.35M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss1`	$-105.05K	USD	Annual
Net loss	`NetLoss1`	$-8.76M	USD	Annual
Depreciation expense	`DepreciationExpense`	6,494.00	pure	Annual
Depreciation expense	`DepreciationExpense`	66.00	pure	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$9.55K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$3.59K	USD	Annual
Change in fair value of derivative liabilities	`ChangeInFairValueOfDerivativeLiabilities`	0.00	pure	Annual
Change in fair value of derivative liabilities	`ChangeInFairValueOfDerivativeLiabilities`	7,385.00	pure	Annual
Shares issued for services	`SharesIssuedForServices`	0.00	pure	Annual
Shares issued for services	`SharesIssuedForServices`	885,984.00	pure	Annual
Warrants issued for services	`WarrantsIssuedForServices`	0.00	pure	Annual
Warrants issued for services	`WarrantsIssuedForServices`	5.34M	pure	Annual
Loss on settlement of debt	`LossOnSettlementOfDebt1`	0.00	pure	Annual
Loss on settlement of debt	`LossOnSettlementOfDebt1`	678,027.00	pure	Annual
Employee option expense	`StockOptionPlanExpense`	$397.55K	USD	Annual
Employee option expense	`StockOptionPlanExpense`	-	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.59K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$109.18K	USD	Annual
Decrease in related parties payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-260.00	USD	Annual
Decrease in related parties payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$4.44K	USD	Annual
Increase in employees payables	`IncreaseInEmployeesPayables`	24,913.00	pure	Annual
Increase in employees payables	`IncreaseInEmployeesPayables`	0.00	pure	Annual
Decrease in amounts due from related party	`DecreaseInAmountsDueFromRelatedParty`	18,999.00	pure	Annual
Decrease in amounts due from related party	`DecreaseInAmountsDueFromRelatedParty`	-18,999.00	pure	Annual
Increase in other receivables	`IncreaseDecreaseInOtherReceivables`	$-19.08K	USD	Annual
Increase in other receivables	`IncreaseDecreaseInOtherReceivables`	$-6.72K	USD	Annual
Cash flows used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-110.69K	USD	Annual
Cash flows used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.30M	USD	Annual
Purchase of property and equipment	`PurchaseOfPropertyAndEquipment`	-26,002.00	pure	Annual
Purchase of property and equipment	`PurchaseOfPropertyAndEquipment`	-1,456.00	pure	Annual
Effect of reverse merger	`EffectOfReverseMerger`	467,380.00	pure	Annual
Effect of reverse merger	`EffectOfReverseMerger`	0.00	pure	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$441.38K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.46K	USD	Annual
Proceeds from sale of common stock (net of issuance expenses)	`ProceedsFromSaleOfCommonStockNetOfIssuanceExpenses`	380,000.00	pure	Annual
Proceeds from sale of common stock (net of issuance expenses)	`ProceedsFromSaleOfCommonStockNetOfIssuanceExpenses`	0.00	pure	Annual
Issuance of short-term payable	`IssuanceOfShortTermPayable`	117,629.00	pure	Annual
Issuance of short-term payable	`IssuanceOfShortTermPayable`	609,974.00	pure	Annual
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$117.63K	USD	Annual
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$989.97K	USD	Annual
Foreign currency adjustments	`ForeignCurrencyAdjustments`	8,932.00	pure	Annual
Foreign currency adjustments	`ForeignCurrencyAdjustments`	-28,269.00	pure	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$14.41K	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$101.04K	USD	Annual
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsBeginningOfPeriod`	0.00	pure	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsBeginningOfPeriod`	14,411.00	pure	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsEndOfPeriod`	115,449.00	pure	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsEndOfPeriod`	14,411.00	pure	Point-in-time
Shares issued for reverse merger	`SharesIssuedForReverseMerger`	0.00	pure	Annual
Shares issued for reverse merger	`SharesIssuedForReverseMerger`	547.00	pure	Annual
Debt settled with stock	`DebtSettledWithStock`	91,687.00	pure	Annual
Debt settled with stock	`DebtSettledWithStock`	0.00	pure	Annual
Stock receivable	`StockReceivable`	297.00	pure	Annual
Stock receivable	`StockReceivable`	0.00	pure	Annual
Discount on convertible note with embedded derivative	`DiscountOnConvertibleNoteWithEmbeddedDerivative`	13,147.00	pure	Annual
Discount on convertible note with embedded derivative	`DiscountOnConvertibleNoteWithEmbeddedDerivative`	0.00	pure	Annual
Extinguishment of derivative	`ExtinguishmentOfDerivative`	0.00	pure	Annual
Extinguishment of derivative	`ExtinguishmentOfDerivative`	20,532.00	pure	Annual

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss`	$-8.76M	USD	Annual
Net loss	`NetLoss`	$-105.05K	USD	Annual
Change in unrealized foreign currency translation gain (loss)	`ChangeInUnrealizedForeignCurrencyTranslationGainLoss`	-28,269.00	pure	Annual
Change in unrealized foreign currency translation gain (loss)	`ChangeInUnrealizedForeignCurrencyTranslationGainLoss`	8,932.00	pure	Annual
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-8.78M	USD	Annual
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-96.12K	USD	Annual

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