10-Q Filing

VIEWBIX INC. CIK: 797542 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001295345-16-000646`
Period End Date	20160630
Filing Date	20160822
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	mrla-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 64 Cash Flow Statement 50 Comprehensive Income 9

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.45K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$274.76K	USD	Point-in-time
Other receivable	`OtherReceivables`	$8.21K	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`	$282.97K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $10,751 and $6,536, respectively	`PropertyPlantAndEquipmentOtherNet`	$17.73K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $10,751 and $6,536, respectively	`PropertyPlantAndEquipmentOtherNet`	$21.12K	USD	Point-in-time
Total assets	`Assets`	$162.37K	USD	Point-in-time
Total assets	`Assets`	$300.71K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$48.20K	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`	22,786.00	pure	Point-in-time
Employee payable - related party	`EmployeePayableRelatedParty`	3,081.00	pure	Point-in-time
Employee payable - related party	`EmployeePayableRelatedParty`	3,480.00	pure	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$19.29K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$21.89K	USD	Point-in-time
Short term notes payable	`ShortTermNotesPayable`	119,974.00	pure	Point-in-time
Short term notes payable	`ShortTermNotesPayable`	186,336.00	pure	Point-in-time
Convertible note payable - default	`ConvertibleNotePayableDefault`	0.00	pure	Point-in-time
Convertible note payable - default	`ConvertibleNotePayableDefault`	29,719.00	pure	Point-in-time
Convertible note payable - net of discount of $73,562 and $0, respectively	`ConvertibleNotePayableNetOfDiscountOf73562And0Respectively`	222,377.00	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`	288,775.00	pure	Point-in-time
Total current liabilities	`TotalCurrentLiabilities`	534,390.00	pure	Point-in-time
Total liabilities	`Liabilities`	$534.39K	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`	$1.95K	USD	Point-in-time
Common stock	`CommonStockValue`	$1.53K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLoss`	-19,337.00	pure	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLoss`	-24,178.00	pure	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$11.74M	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`	$-11.95M	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$-126.41K	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$-233.68K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$162.37K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$300.71K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$-237.09K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$-295.35K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$-192.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$-247.40K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-174.39K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-2.77M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-969.22K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-5.57K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-421.79K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$-1.16M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-242.66K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-3.06M	USD	2 Qtrs
(Loss) from operations	`LossFromOperations`	-242,665.00	pure	1 Quarter
(Loss) from operations	`LossFromOperations`	-3.06M	pure	2 Qtrs
(Loss) from operations	`LossFromOperations`	-1.16M	pure	1 Quarter
(Loss) from operations	`LossFromOperations`	-421,791.00	pure	2 Qtrs
Interest expense	`InterestExpense`	$-11.83K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-21.89K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-14.13K	USD	1 Quarter
Interest expense	`InterestExpense`	$-4.35K	USD	1 Quarter
Change in fair value of derivative	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in fair value of derivative	`UnrealizedGainLossOnDerivatives`	-	USD	2 Qtrs
Change in fair value of derivative	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in fair value of derivative	`UnrealizedGainLossOnDerivatives`	$367.00	USD	2 Qtrs
Depreciation expense	`Depreciation`	$-51.66K	USD	2 Qtrs
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Depreciation expense	`Depreciation`	$-47.72K	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	2 Qtrs
Amortizatio expense	`AmortizationOfDebtDiscountPremium`	$28.59K	USD	1 Quarter
Amortizatio expense	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortizatio expense	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortizatio expense	`AmortizationOfDebtDiscountPremium`	$28.59K	USD	2 Qtrs
Gain/loss from foreign currency	`GainLossFromForeignCurrency`	-4,110.00	pure	1 Quarter
Gain/loss from foreign currency	`GainLossFromForeignCurrency`	1,808.00	pure	2 Qtrs
Gain/loss from foreign currency	`GainLossFromForeignCurrency`	20,847.00	pure	2 Qtrs
Gain/loss from foreign currency	`GainLossFromForeignCurrency`	6,503.00	pure	1 Quarter
Financial income (expense)	`FinancialIncomeExpense`	-24,118.00	pure	2 Qtrs
Financial income (expense)	`FinancialIncomeExpense`	-26,756.00	pure	1 Quarter
Financial income (expense)	`FinancialIncomeExpense`	-8,456.00	pure	1 Quarter
Financial income (expense)	`FinancialIncomeExpense`	-9,654.00	pure	2 Qtrs
Total income (expense)	`TotalIncomeExpense`	-3.09M	pure	2 Qtrs
Total income (expense)	`TotalIncomeExpense`	-1.19M	pure	1 Quarter
Total income (expense)	`TotalIncomeExpense`	-251,121.00	pure	1 Quarter
Total income (expense)	`TotalIncomeExpense`	-431,445.00	pure	2 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	2 Qtrs
Provision for income taxes	`ProvisionForIncomeTaxes`	0.00	pure	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-1.19M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-3.09M	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-251.12K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-431.44K	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-2.03	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-1.18	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	213,001.00	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	213,001.00	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.12M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.89M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss1`	-431,445.00	pure	2 Qtrs
Net loss	`NetLoss1`	-3.09M	pure	2 Qtrs
Depreciation expense	`DepreciationExpense`	8,293.00	pure	2 Qtrs
Depreciation expense	`DepreciationExpense`	1,878.00	pure	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscount`	4,399.00	pure	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscount`	43,373.00	pure	2 Qtrs
Change in fair value of derivative	`ChangeInFairValueOfDerivative`	-367.00	pure	2 Qtrs
Change in fair value of derivative	`ChangeInFairValueOfDerivative`	0.00	pure	2 Qtrs
Shares issued for services	`SharesIssuedForServices`	2.07M	pure	2 Qtrs
Shares issued for services	`SharesIssuedForServices`	0.00	pure	2 Qtrs
Options issued for services	`OptionsIssuedForServices`	455,032.00	pure	2 Qtrs
Options issued for services	`OptionsIssuedForServices`	0.00	pure	2 Qtrs
Due from related party	`DueFromRelatedParty`	0.00	pure	2 Qtrs
Due from related party	`DueFromRelatedParty`	-6,443.00	pure	2 Qtrs
Decrease (increase) in other receivable	`DecreaseIncreaseInOtherReceivable`	17,585.00	pure	2 Qtrs
Decrease (increase) in other receivable	`DecreaseIncreaseInOtherReceivable`	-25,689.00	pure	2 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInPayablesToCustomers`	$-1.78K	USD	2 Qtrs
(Decrease) increase in accounts payable	`IncreaseDecreaseInPayablesToCustomers`	$-2.58K	USD	2 Qtrs
(Decrease) increase in accounts payable - related party	`DecreaseIncreaseInAccountsPayableRelatedParty`	0.00	pure	2 Qtrs
(Decrease) increase in accounts payable - related party	`DecreaseIncreaseInAccountsPayableRelatedParty`	1,087.00	pure	2 Qtrs
(Decrease) increase in employee payable	`DecreaseIncreaseInEmployeePayable`	23,800.00	pure	2 Qtrs
(Decrease) increase in employee payable	`DecreaseIncreaseInEmployeePayable`	0.00	pure	2 Qtrs
(Decrease) increase in in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$14.20K	USD	2 Qtrs
(Decrease) increase in in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	2 Qtrs
(Decrease) increase in accrued epenses	`DecreaseIncreaseInAccruedEpenses`	-45,779.00	pure	2 Qtrs
(Decrease) increase in accrued epenses	`DecreaseIncreaseInAccruedEpenses`	7,430.00	pure	2 Qtrs
Cash flows used by operating activities	`CashFlowsUsedByOperatingActivities`	-413,725.00	pure	2 Qtrs
Cash flows used by operating activities	`CashFlowsUsedByOperatingActivities`	-536,741.00	pure	2 Qtrs
Cash paid for fixed assets	`CashPaidForFixedAssets`	25,317.00	pure	2 Qtrs
Cash paid for fixed assets	`CashPaidForFixedAssets`	-474.00	pure	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-474.00	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$25.32K	USD	2 Qtrs
Borrowings on debt	`BorrowingsOnDebt`	531,798.00	pure	2 Qtrs
Borrowings on debt	`BorrowingsOnDebt`	735,913.00	pure	2 Qtrs
Principal payments on debt	`PrincipalPaymentsOnDebt`	0.00	pure	2 Qtrs
Principal payments on debt	`PrincipalPaymentsOnDebt`	-34,547.00	pure	2 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$701.37K	USD	2 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$531.80K	USD	2 Qtrs
Foreign currency adjustments	`ForeignCurrencyAdjustments`	-25,550.00	pure	2 Qtrs
Foreign currency adjustments	`ForeignCurrencyAdjustments`	-4,841.00	pure	2 Qtrs
Net increase (decrease) in cash	`NetIncreaseDecreaseInCash`	67,206.00	pure	2 Qtrs
Net increase (decrease) in cash	`NetIncreaseDecreaseInCash`	159,310.00	pure	2 Qtrs
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`	274,759.00	pure	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsEndOfPeriod`	56,067.00	pure	Point-in-time
BCF due to convertible note payable	`BcfDueToConvertibleNotePayable`	456,000.00	pure	2 Qtrs
BCF due to convertible note payable	`BcfDueToConvertibleNotePayable`	0.00	pure	2 Qtrs
Cashless conversion of class B warrants	`CashlessConversionOfClassBWarrants`	193.00	pure	2 Qtrs
Cashless conversion of class B warrants	`CashlessConversionOfClassBWarrants`	0.00	pure	2 Qtrs

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss`	-1.19M	pure	1 Quarter
Net loss	`NetLoss`	-431,445.00	pure	2 Qtrs
Net loss	`NetLoss`	-3.09M	pure	2 Qtrs
Change in unrealized foreign currency translation gain (loss)	`ChangeInUnrealizedForeignCurrencyTranslationGainLoss`	-25,550.00	pure	2 Qtrs
Change in unrealized foreign currency translation gain (loss)	`ChangeInUnrealizedForeignCurrencyTranslationGainLoss`	-4,841.00	pure	2 Qtrs
Change in unrealized foreign currency translation gain (loss)	`ChangeInUnrealizedForeignCurrencyTranslationGainLoss`	-3.00	pure	1 Quarter
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-1.19M	USD	1 Quarter
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-3.09M	USD	2 Qtrs
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-457.00K	USD	2 Qtrs

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