10-Q Filing

VIEWBIX INC. CIK: 797542 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001295345-16-000585`
Period End Date	20160331
Filing Date	20160517
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	mrla-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 32 Cash Flow Statement 46 Comprehensive Income 6

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`Cash`	$115.45K	USD	Point-in-time
Cash and cash equivalents	`Cash`	$94.86K	USD	Point-in-time
Other receivable	`OtherReceivables`	-	USD	Point-in-time
Other receivable	`OtherReceivables`	$25.80K	USD	Point-in-time
Total current assets	`TotalCurrentAssets`	94,859.00	pure	Point-in-time
Total current assets	`TotalCurrentAssets`	141,246.00	pure	Point-in-time
Fixed assets, net of accumulated depreciation of $9,135 and $6,536, respectively	`FixedAssetsNetOfAccumulatedDepreciationOf9135And6536Respectively`	21,120.00	pure	Point-in-time
Fixed assets, net of accumulated depreciation of $9,135 and $6,536, respectively	`FixedAssetsNetOfAccumulatedDepreciationOf9135And6536Respectively`	18,521.00	pure	Point-in-time
Total assets	`Assets`	$162.37K	USD	Point-in-time
Total assets	`Assets`	$113.38K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$86.42K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$90.70K	USD	Point-in-time
Employee payable	`EmployeePayable`	25,612.00	pure	Point-in-time
Employee payable	`EmployeePayable`	19,023.00	pure	Point-in-time
Employee payable - related party	`EmployeePayableRelatedParty`	3,480.00	pure	Point-in-time
Employee payable - related party	`EmployeePayableRelatedParty`	3,310.00	pure	Point-in-time
Accrued interest payable	`AccruedInterestPayable`	19,285.00	pure	Point-in-time
Accrued interest payable	`AccruedInterestPayable`	7,759.00	pure	Point-in-time
Short term notes payable	`ShortTermNotesPayable`	119,974.00	pure	Point-in-time
Short term notes payable	`ShortTermNotesPayable`	202,224.00	pure	Point-in-time
Convertible note payable - net of discount of $73,562 and $0, respectively	`ConvertibleNotePayableNetOfDiscountOf73562And0Respectively`	31,157.00	pure	Point-in-time
Convertible note payable - net of discount of $73,562 and $0, respectively	`ConvertibleNotePayableNetOfDiscountOf73562And0Respectively`	29,719.00	pure	Point-in-time
Total current liabilities	`TotalCurrentLiabilities`	349,889.00	pure	Point-in-time
Total current liabilities	`TotalCurrentLiabilities`	288,775.00	pure	Point-in-time
Total liabilities	`Liabilities`	$349.89K	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`	$1.53K	USD	Point-in-time
Common stock	`CommonStockValue`	$1.86K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLoss`	-19,337.00	pure	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLoss`	-24,175.00	pure	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$8.75M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$10.55M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	-8.86M	pure	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	-10.76M	pure	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$-126.41K	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$-236.51K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$162.37K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$113.38K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$-103.35K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-178.72K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-1.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-1.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-178.72K	USD	1 Quarter
(Loss) from operations	`LossFromOperations`	-178,725.00	pure	1 Quarter
(Loss) from operations	`LossFromOperations`	-1.90M	pure	1 Quarter
Interest expense	`InterestExpense`	$-7.76K	USD	1 Quarter
Interest expense	`InterestExpense`	$-7.48K	USD	1 Quarter
Change in fair value of derivative	`ChangeInFairValueOfDerivative`	0.00	pure	1 Quarter
Change in fair value of derivative	`ChangeInFairValueOfDerivative`	367.00	pure	1 Quarter
Depreciation expense	`Depreciation`	$-399.00	USD	1 Quarter
Depreciation expense	`Depreciation`	$-2.51K	USD	1 Quarter
Amortizatio expense	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortizatio expense	`AmortizationOfDebtDiscountPremium`	$-1.44K	USD	1 Quarter
Gain/loss from foreign currency	`GainLossFromForeignCurrency`	5,918.00	pure	1 Quarter
Gain/loss from foreign currency	`GainLossFromForeignCurrency`	14,344.00	pure	1 Quarter
Financial income (expense)	`FinancialIncomeExpense`	2,638.00	pure	1 Quarter
Financial income (expense)	`FinancialIncomeExpense`	-1,597.00	pure	1 Quarter
Total income (expense)	`TotalIncomeExpense`	-1.90M	pure	1 Quarter
Total income (expense)	`TotalIncomeExpense`	-180,322.00	pure	1 Quarter
Provision for income taxes	`ProvisionForIncomeTaxes`	0.00	pure	1 Quarter
Provision for income taxes	`ProvisionForIncomeTaxes`	0.00	pure	1 Quarter
Net (loss)	`NetIncomeLoss`	$-1.90M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-180.32K	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.85	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	213,001.00	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.35M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss1`	-1.90M	pure	1 Quarter
Net loss	`NetLoss1`	-180,322.00	pure	1 Quarter
Depreciation expense	`DepreciationExpense`	2,509.00	pure	1 Quarter
Depreciation expense	`DepreciationExpense`	399.00	pure	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscount`	1,438.00	pure	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscount`	2,071.00	pure	1 Quarter
Change in fair value of derivative	`UnrealizedGainLossOnDerivatives`	$-367.00	USD	1 Quarter
Change in fair value of derivative	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Shares issued for services	`SharesIssuedForServices`	0.00	pure	1 Quarter
Shares issued for services	`SharesIssuedForServices`	1.45M	pure	1 Quarter
Options issued for services	`OptionsIssuedForServices`	274,314.00	pure	1 Quarter
Options issued for services	`OptionsIssuedForServices`	0.00	pure	1 Quarter
Decrease (increase) in other receivable	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-17.33K	USD	1 Quarter
Decrease (increase) in other receivable	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$25.80K	USD	1 Quarter
(Decrease) increase in accounts payable	`DecreaseIncreaseInAccountsPayable`	62,828.00	pure	1 Quarter
(Decrease) increase in accounts payable	`DecreaseIncreaseInAccountsPayable`	17,670.00	pure	1 Quarter
(Decrease) increase in accrued epenses	`DecreaseIncreaseInAccruedEpenses1`	0.00	pure	1 Quarter
(Decrease) increase in accrued epenses	`DecreaseIncreaseInAccruedEpenses1`	-32,394.00	pure	1 Quarter
(Decrease) increase in accrued interest	`DecreaseIncreaseInAccruedInterest`	-7,759.00	pure	1 Quarter
(Decrease) increase in accrued interest	`DecreaseIncreaseInAccruedInterest`	5,412.00	pure	1 Quarter
Cash flows used by operating activities	`CashFlowsUsedByOperatingActivities`	-173,002.00	pure	1 Quarter
Cash flows used by operating activities	`CashFlowsUsedByOperatingActivities`	-127,312.00	pure	1 Quarter
Cash paid for fixed assets	`CashPaidForFixedAssets`	-6,956.00	pure	1 Quarter
Cash paid for fixed assets	`CashPaidForFixedAssets`	0.00	pure	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.96K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from issuance of convertible debt	`ProceedsFromIssuanceOfConvertibleDebt`	75,000.00	pure	1 Quarter
Proceeds from issuance of convertible debt	`ProceedsFromIssuanceOfConvertibleDebt`	0.00	pure	1 Quarter
Issuance of non-convertible note	`IssuanceOfNonConvertibleNote`	0.00	pure	1 Quarter
Issuance of non-convertible note	`IssuanceOfNonConvertibleNote`	82,250.00	pure	1 Quarter
Proceeds from sale of common stock	`ProceedsFromSaleOfCommonStock`	131,798.00	pure	1 Quarter
Proceeds from sale of common stock	`ProceedsFromSaleOfCommonStock`	0.00	pure	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$157.25K	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$131.80K	USD	1 Quarter
Foreign currency adjustments	`ForeignCurrencyAdjustments`	-9,779.00	pure	1 Quarter
Foreign currency adjustments	`ForeignCurrencyAdjustments`	-4,838.00	pure	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-20.57K	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-2.47K	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsBeginningOfPeriod`	14,411.00	pure	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsBeginningOfPeriod`	115,449.00	pure	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsEndOfPeriod`	94,879.00	pure	1 Quarter
Cash and cash equivalents - end of period	`CashAndCashEquivalentsEndOfPeriod`	2,162.00	pure	1 Quarter
BCF due to convertible note payable	`BcfDueToConvertibleNotePayable`	0.00	pure	1 Quarter
BCF due to convertible note payable	`BcfDueToConvertibleNotePayable`	75,000.00	pure	1 Quarter
Cashless conversion of class B warrants	`CashlessConversionOfClassBWarrants`	193.00	pure	1 Quarter
Cashless conversion of class B warrants	`CashlessConversionOfClassBWarrants`	0.00	pure	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss`	-1.90M	pure	1 Quarter
Net loss	`NetLoss`	-180,322.00	pure	1 Quarter
Change in unrealized foreign currency translation gain (loss)	`ChangeInUnrealizedForeignCurrencyTranslationGainLoss`	-9,779.00	pure	1 Quarter
Change in unrealized foreign currency translation gain (loss)	`ChangeInUnrealizedForeignCurrencyTranslationGainLoss`	-4,838.00	pure	1 Quarter
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-190.10K	USD	1 Quarter
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-1.91M	USD	1 Quarter

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