10-Q Filing

VIEWBIX INC. CIK: 797542 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001295345-16-000760`
Period End Date	20160930
Filing Date	20161115
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	mrla-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 68 Cash Flow Statement 54 Comprehensive Income 12

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$71.77K	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$115.45K	USD	Point-in-time
Other receivable	`OtherReceivables`	$5.57K	USD	Point-in-time
Other receivable	`OtherReceivables`	$25.80K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$77.33K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$141.25K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $13,251 and $6,536, respectively	`PropertyPlantAndEquipmentNet`	$21.12K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $13,251 and $6,536, respectively	`PropertyPlantAndEquipmentNet`	$17.73K	USD	Point-in-time
Total assets	`Assets`	$162.37K	USD	Point-in-time
Total assets	`Assets`	$95.06K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$90.70K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$129.42K	USD	Point-in-time
Employee payable	`DueToEmployeesCurrent`	$25.61K	USD	Point-in-time
Employee payable	`DueToEmployeesCurrent`	$63.63K	USD	Point-in-time
Employee payable - related party	`EmployeePayableRelatedParty`	3,989.00	pure	Point-in-time
Employee payable - related party	`EmployeePayableRelatedParty`	3,480.00	pure	Point-in-time
Accrued interest payable	`AccruedInterestPayable`	20,310.00	pure	Point-in-time
Accrued interest payable	`AccruedInterestPayable`	19,285.00	pure	Point-in-time
Short term notes payable	`ShortTermNonBankLoansAndNotesPayable`	-	USD	Point-in-time
Short term notes payable	`ShortTermNonBankLoansAndNotesPayable`	$119.97K	USD	Point-in-time
Convertible note payable - net of discount of $475,049 and $0, respectively	`ConvertibleNotePayableNetOfDiscountOf475049And0Respectively`	290,391.00	pure	Point-in-time
Convertible note payable - net of discount of $475,049 and $0, respectively	`ConvertibleNotePayableNetOfDiscountOf475049And0Respectively`	29,719.00	pure	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$507.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$288.77K	USD	Point-in-time
Total liabilities	`Liabilities`	$507.74K	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`	$1.98K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.34K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-43.20K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$8.75M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$12.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.86M	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$-412.66K	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$-126.41K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$162.37K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$95.08K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	3 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	3 Qtrs
Research and developement expenses	`ResearchAndDevelopmentExpense`	$-450.69K	USD	3 Qtrs
Research and developement expenses	`ResearchAndDevelopmentExpense`	$-499.90K	USD	3 Qtrs
Research and developement expenses	`ResearchAndDevelopmentExpense`	$-155.34K	USD	1 Quarter
Research and developement expenses	`ResearchAndDevelopmentExpense`	$-252.50K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-5.34M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-371.71K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$-2.77M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$-5.34M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-1.16M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-983.33K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-206.22K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-579.85K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$-733.27K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-7.00M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$-6.58M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-3.80M	USD	3 Qtrs
(Loss) from operations	`IncomeLossFromContinuingOperations`	$-7.00M	USD	3 Qtrs
(Loss) from operations	`IncomeLossFromContinuingOperations`	$-733.27K	USD	1 Quarter
(Loss) from operations	`IncomeLossFromContinuingOperations`	$-6.58M	USD	1 Quarter
(Loss) from operations	`IncomeLossFromContinuingOperations`	$-3.80M	USD	3 Qtrs
Change in fair value of derivative	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	-	USD	1 Quarter
Change in fair value of derivative	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$20.16K	USD	1 Quarter
Change in fair value of derivative	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	-	USD	3 Qtrs
Change in fair value of derivative	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$20.53K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$-160.05K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$-211.72K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Other income (expenses)	`OtherNoncashIncomeExpense`	-	USD	3 Qtrs
Other income (expenses)	`OtherNoncashIncomeExpense`	$215.20K	USD	3 Qtrs
Other income (expenses)	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Other income (expenses)	`OtherNoncashIncomeExpense`	$186.62K	USD	1 Quarter
Gain/loss from foreign currency	`GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet`	$30.30K	USD	3 Qtrs
Gain/loss from foreign currency	`GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet`	$-6.93K	USD	1 Quarter
Gain/loss from foreign currency	`GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet`	$31.34K	USD	1 Quarter
Gain/loss from foreign currency	`GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet`	$-16.95K	USD	3 Qtrs
Loss on settlement of debt	`DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1`	$-678.03K	USD	3 Qtrs
Loss on settlement of debt	`DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1`	-	USD	1 Quarter
Loss on settlement of debt	`DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1`	$-678.03K	USD	1 Quarter
Loss on settlement of debt	`DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1`	-	USD	3 Qtrs
Other income (expense)	`OtherIncomeExpense`	-664,796.00	pure	1 Quarter
Other income (expense)	`OtherIncomeExpense`	57,904.00	pure	1 Quarter
Other income (expense)	`OtherIncomeExpense`	33,786.00	pure	3 Qtrs
Other income (expense)	`OtherIncomeExpense`	-674,450.00	pure	3 Qtrs
Total income (expense)	`TotalIncomeExpense`	-675,371.00	pure	1 Quarter
Total income (expense)	`TotalIncomeExpense`	-7.24M	pure	1 Quarter
Total income (expense)	`TotalIncomeExpense`	-3.76M	pure	3 Qtrs
Total income (expense)	`TotalIncomeExpense`	-7.68M	pure	3 Qtrs
Provision for income taxes	`ProvisionForIncomeTaxes`	0.00	pure	1 Quarter
Provision for income taxes	`ProvisionForIncomeTaxes`	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
Net (loss)	`NetIncomeLoss`	$-675.37K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-7.24M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-3.76M	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-7.68M	USD	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.54	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.81	USD	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.45M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.41M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.80M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.66M	shares	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss1`	-3.76M	pure	3 Qtrs
Net loss	`NetLoss1`	-7.68M	pure	3 Qtrs
Depreciation expense	`DepreciationExpense`	3,392.00	pure	3 Qtrs
Depreciation expense	`DepreciationExpense`	4,123.00	pure	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscount`	9,555.00	pure	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscount`	211,720.00	pure	3 Qtrs
Change in fair value of derivative liabilities	`ChangeInFairValueOfDerivativeLiabilities`	-367.00	pure	3 Qtrs
Change in fair value of derivative liabilities	`ChangeInFairValueOfDerivativeLiabilities`	0.00	pure	3 Qtrs
Extinguishment of derivative	`ExtinguishmentOfDerivative`	-20,165.00	pure	3 Qtrs
Extinguishment of derivative	`ExtinguishmentOfDerivative`	0.00	pure	3 Qtrs
Shares issued for services	`SharesIssuedForServices`	2.77M	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	`LossOnSettlementOfDebt`	0.00	pure	3 Qtrs
Loss on settlement of debt	`LossOnSettlementOfDebt`	678,027.00	pure	3 Qtrs
Decrease (increase) in other accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$20.23K	USD	3 Qtrs
Decrease (increase) in other accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-5.09K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-81.01K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$131.55K	USD	3 Qtrs
Increase in related parties payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$509.00	USD	3 Qtrs
Increase in related parties payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$11.61K	USD	3 Qtrs
Increase in employees payables	`IncreaseInEmployeesPayables`	38,021.00	pure	3 Qtrs
Increase in employees payables	`IncreaseInEmployeesPayables`	48,506.00	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 accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$5.43K	USD	3 Qtrs
Increase in accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$1.02K	USD	3 Qtrs
Cash flows used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-802.87K	USD	3 Qtrs
Cash flows used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-831.99K	USD	3 Qtrs
Purchase of property and equipment	`PurchaseOfPropertyAndEquipment`	0.00	pure	3 Qtrs
Purchase of property and equipment	`PurchaseOfPropertyAndEquipment`	-26,002.00	pure	3 Qtrs
Effect of reverse merger	`EffectOfReverseMerger`	467,380.00	pure	3 Qtrs
Effect of reverse merger	`EffectOfReverseMerger`	0.00	pure	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$441.38K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from sale of common stock (net of issuance expenses)	`ProceedsFromSaleOfCommonStockNetOfIssuanceExpenses`	280,000.00	pure	3 Qtrs
Proceeds from sale of common stock (net of issuance expenses)	`ProceedsFromSaleOfCommonStockNetOfIssuanceExpenses`	783,049.00	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`	$783.05K	USD	3 Qtrs
Foreign currency adjustment	`ForeignCurrencyAdjustment`	-23,865.00	pure	3 Qtrs
Foreign currency adjustment	`ForeignCurrencyAdjustment`	-28,847.00	pure	3 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-43.68K	USD	3 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$432.62K	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`	115,449.00	pure	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsEndOfPeriod`	447,029.00	pure	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsEndOfPeriod`	71,767.00	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`	91,687.00	pure	3 Qtrs
Debt settled with stock	`DebtSettledWithStock`	0.00	pure	3 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss`	-3.76M	pure	3 Qtrs
Net loss	`NetLoss`	-7.68M	pure	3 Qtrs
Net loss	`NetLoss`	-675,371.00	pure	1 Quarter
Net loss	`NetLoss`	-7.24M	pure	1 Quarter
Foreign currency translation gain (loss)	`ForeignCurrencyTranslationGainLoss`	-28,847.00	pure	3 Qtrs
Foreign currency translation gain (loss)	`ForeignCurrencyTranslationGainLoss`	23,864.00	pure	3 Qtrs
Foreign currency translation gain (loss)	`ForeignCurrencyTranslationGainLoss`	19,023.00	pure	1 Quarter
Foreign currency translation gain (loss)	`ForeignCurrencyTranslationGainLoss`	-3,297.00	pure	1 Quarter
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-656.35K	USD	1 Quarter
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-7.25M	USD	1 Quarter
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-7.70M	USD	3 Qtrs
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-3.74M	USD	3 Qtrs

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