10-Q Filing

VIEWBIX INC. CIK: 797542 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001295345-17-000155`
Period End Date	20170331
Filing Date	20170522
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	mrla-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 20 Cash Flow Statement 50 Comprehensive Income 6

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$122.99K	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$4.49K	USD	Point-in-time
Other receivable	`OtherReceivables`	$11.52K	USD	Point-in-time
Other receivable	`OtherReceivables`	$9.36K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$134.51K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.84K	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestments`	$12.62K	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestments`	$11.93K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $25,967 and $21,029, respectively	`PropertyPlantAndEquipmentNet`	$29.17K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $25,967 and $21,029, respectively	`PropertyPlantAndEquipmentNet`	$31.80K	USD	Point-in-time
Total assets	`Assets`	$57.57K	USD	Point-in-time
Total assets	`Assets`	$176.30K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$225.09K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$198.79K	USD	Point-in-time
Advances payable - related party	`AdvancesPayableRelatedParty`	82,645.00	pure	Point-in-time
Advances payable - related party	`AdvancesPayableRelatedParty`	125,962.00	pure	Point-in-time
Employee payable	`EmployeePayable`	161,341.00	pure	Point-in-time
Employee payable	`EmployeePayable`	69,935.00	pure	Point-in-time
Accrued interest payable	`AccruedLiabilitiesCurrent`	$47.47K	USD	Point-in-time
Accrued interest payable	`AccruedLiabilitiesCurrent`	$32.77K	USD	Point-in-time
Short term notes payable	`ShortTermBankLoansAndNotesPayable`	$31.47K	USD	Point-in-time
Short term notes payable	`ShortTermBankLoansAndNotesPayable`	$29.74K	USD	Point-in-time
Convertible note payable - net of discount of $121,667 and $305,417, respectively	`ConvertibleNotePayableNetOfDiscountOf121667And305417Respectively`	593,338.00	pure	Point-in-time
Convertible note payable - net of discount of $121,667 and $305,417, respectively	`ConvertibleNotePayableNetOfDiscountOf121667And305417Respectively`	409,588.00	pure	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$958.20K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$958.20K	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$2.13K	USD	Point-in-time
Common stock	`CommonStockValue`	$1.99K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.34K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.34K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$14.41M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$13.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.06M	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$-873.65K	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$-827.43K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$176.30K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$130.76K	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$178.89K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$103.35K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.80M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$158.16K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$337.05K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-1.90M	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-337.05K	USD	1 Quarter
Finance income (expense)	`FinanceIncomeExpense`	-220,835.00	pure	1 Quarter
Finance income (expense)	`FinanceIncomeExpense`	2,638.00	pure	1 Quarter
Other income (expense)	`OtherOperatingIncomeExpenseNet`	$-220.84K	USD	1 Quarter
Other income (expense)	`OtherOperatingIncomeExpenseNet`	$2.64K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-557.89K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-1.90M	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.43M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.35M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetLoss1`	$-557.89K	USD	1 Quarter
Net loss	`NetLoss1`	$-1.90M	USD	1 Quarter
Depreciation expense	`DepreciationExpense`	2,509.00	pure	1 Quarter
Depreciation expense	`DepreciationExpense`	3,488.00	pure	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.44K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$183.75K	USD	1 Quarter
Shares issued for services	`SharesIssuedForServices`	1.45M	pure	1 Quarter
Shares issued for services	`SharesIssuedForServices`	0.00	pure	1 Quarter
Options issued for services	`OptionsIssuedForServices`	63,824.00	pure	1 Quarter
Options issued for services	`OptionsIssuedForServices`	0.00	pure	1 Quarter
Employee option expense	`EmployeeOptionExpense`	58,650.00	pure	1 Quarter
Employee option expense	`EmployeeOptionExpense`	210,490.00	pure	1 Quarter
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-33.70K	USD	1 Quarter
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.72K	USD	1 Quarter
Increase in employees payables	`IncreaseInEmployeesPayables`	-31,406.00	pure	1 Quarter
Increase in employees payables	`IncreaseInEmployeesPayables`	0.00	pure	1 Quarter
Decrease in amounts due from related party	`DecreaseInAmountsDueFromRelatedParty`	0.00	pure	1 Quarter
Decrease in amounts due from related party	`DecreaseInAmountsDueFromRelatedParty`	-41,590.00	pure	1 Quarter
Increase in accrued interest	`IncreaseInAccruedInterest`	14,700.00	pure	1 Quarter
Increase in accrued interest	`IncreaseInAccruedInterest`	-7,759.00	pure	1 Quarter
Increase (decrease) in other receivables	`IncreaseDecreaseInOtherReceivables`	$25.80K	USD	1 Quarter
Increase (decrease) in other receivables	`IncreaseDecreaseInOtherReceivables`	$-2.17K	USD	1 Quarter
Cash flows used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-173.00K	USD	1 Quarter
Cash flows used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-406.16K	USD	1 Quarter
Increase in restricted cash	`IncreaseInRestrictedCash`	$-693.00	USD	1 Quarter
Increase in restricted cash	`IncreaseInRestrictedCash`	-	USD	1 Quarter
Purchase of fixed assets	`PurchaseOfFixedAssets`	0.00	pure	1 Quarter
Purchase of fixed assets	`PurchaseOfFixedAssets`	-854.00	pure	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.55K	USD	1 Quarter
Proceeds from sale of common stock (net of issuance expenses)	`ProceedsFromSaleOfCommonStockNetOfIssuanceExpenses`	0.00	pure	1 Quarter
Proceeds from sale of common stock (net of issuance expenses)	`ProceedsFromSaleOfCommonStockNetOfIssuanceExpenses`	526,213.00	pure	1 Quarter
Proceeds from issuance of convertible debt	`ProceedsFromIssuanceOfConvertibleDebt`	0.00	pure	1 Quarter
Proceeds from issuance of convertible debt	`ProceedsFromIssuanceOfConvertibleDebt`	75,000.00	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
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$157.25K	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$526.21K	USD	1 Quarter
Foreign currency adjustments	`TemporaryEquityForeignCurrencyTranslationAdjustments`	-	USD	1 Quarter
Foreign currency adjustments	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-4.84K	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$118.51K	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-20.57K	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsBeginningOfPeriod`	4,486.00	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`	122,992.00	pure	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsEndOfPeriod`	94,879.00	pure	Point-in-time
BFC due to convertible note payable	`BfcDueToConvertibleNotePayable`	75,000.00	pure	1 Quarter
BFC due to convertible note payable	`BfcDueToConvertibleNotePayable`	0.00	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`	$-557.89K	USD	Annual
Net loss	`NetLoss`	$-1.90M	USD	Annual
Change in unrealized foreign currency translation gain (loss)	`ChangeInUnrealizedForeignCurrencyTranslationGainLoss`	0.00	pure	Annual
Change in unrealized foreign currency translation gain (loss)	`ChangeInUnrealizedForeignCurrencyTranslationGainLoss`	-4,838.00	pure	Annual
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-1.91M	USD	Annual
Total comprehensive gain (loss)	`ComprehensiveIncomeNetOfTax`	$-557.89K	USD	Annual

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