10-K Filing

VIEWBIX INC. CIK: 797542 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001493152-17-004077`
Period End Date	20161231
Filing Date	20170418
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	mrla-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 22 Cash Flow Statement 62 Stockholders Equity 23 Comprehensive Income 6

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.61K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.54K	USD	Point-in-time
Convertible note, discount	`DebtInstrumentUnamortizedDiscount`	$305.42K	USD	Point-in-time
Convertible note, discount	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.49K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.45K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.41K	USD	Point-in-time
Other receivable	`AccountsAndOtherReceivablesNetCurrent`	$9.36K	USD	Point-in-time
Other receivable	`AccountsAndOtherReceivablesNetCurrent`	$25.80K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$141.25K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$13.84K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	-	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$11.93K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	490.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	490.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $8,607 at December 31, 2016 and $6,536 at December 31, 2015	`PropertyPlantAndEquipmentNet`	$21.12K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $8,607 at December 31, 2016 and $6,536 at December 31, 2015	`PropertyPlantAndEquipmentNet`	$31.80K	USD	Point-in-time
Total assets	`Assets`	$162.37K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.33M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.96M	shares	Point-in-time
Total assets	`Assets`	$57.57K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.33M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$90.70K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$198.79K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedParty`	$3.48K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedParty`	$125.96K	USD	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	$25.61K	USD	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	$161.34K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$32.77K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$19.29K	USD	Point-in-time
Short term payable	`NotesPayableCurrent`	$29.74K	USD	Point-in-time
Short term payable	`NotesPayableCurrent`	$119.97K	USD	Point-in-time
Convertible note, net of discount of $305,417 at December 31, 2016 and $0 at December 31, 2015	`ConvertibleDebtCurrent`	$409.59K	USD	Point-in-time
Convertible note, net of discount of $305,417 at December 31, 2016 and $0 at December 31, 2015	`ConvertibleDebtCurrent`	$29.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$958.20K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$288.77K	USD	Point-in-time
Total liabilities	`Liabilities`	$288.77K	USD	Point-in-time
Total liabilities	`Liabilities`	$958.20K	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; none issued.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; none issued.	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 490,000,000 shares authorized; 19,962,728 and 15,325,889 shares issued and outstanding at December 31, 2016 and 2015, respectively.	`CommonStockValue`	$1.53K	USD	Point-in-time
Common stock, $0.0001 par value; 490,000,000 shares authorized; 19,962,728 and 15,325,889 shares issued and outstanding at December 31, 2016 and 2015, respectively.	`CommonStockValue`	$1.99K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.34K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.34K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.67M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-126.41K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-900.63K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-96.12K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$57.57K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$162.37K	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$-740.20K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$-1.64M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-7.30M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-3.75M	USD	Annual
Total operating expenses	`OperatingExpenses`	$-5.39M	USD	Annual
Total operating expenses	`OperatingExpenses`	$-8.04M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-8.04M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-5.39M	USD	Annual
Finance expense	`FinanceExpense`	$-34.75K	USD	Annual
Finance expense	`FinanceExpense`	$-414.19K	USD	Annual
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-678.03K	USD	Annual
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Total finance income (expense):	`NonoperatingIncomeExpense`	$-414.19K	USD	Annual
Total finance income (expense):	`NonoperatingIncomeExpense`	$-712.78K	USD	Annual
Net loss	`NetIncomeLoss`	$-5.81M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.76M	USD	Annual
Basic and diluted (net loss per share)	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	Annual
Basic and diluted (net loss per share)	`EarningsPerShareBasicAndDiluted`	$-0.81	USD	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.97M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.87M	shares	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-5.81M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-8.76M	USD	Annual
Depreciation expense	`Depreciation`	$6.49K	USD	Annual
Depreciation expense	`Depreciation`	$12.42K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$369.59K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$9.55K	USD	Annual
Shares issued for services	`SharesIssuedForServices`	$885.98K	USD	Annual
Shares issued for services	`SharesIssuedForServices`	$2.26M	USD	Annual
Warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$5.34M	USD	Annual
Warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-678.03K	USD	Annual
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Employee option expense	`StockOptionPlanExpense`	$397.55K	USD	Annual
Employee option expense	`StockOptionPlanExpense`	$2.03M	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$168.09K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$109.18K	USD	Annual
Increase in employees payable	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$75.73K	USD	Annual
Increase in employees payable	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$24.91K	USD	Annual
Decrease in amounts due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$-18.74K	USD	Annual
Decrease in amounts due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$-122.48K	USD	Annual
Increase in other payable	`IncreaseDecreaseInOtherAccountsPayable`	-	USD	Annual
Increase in other payable	`IncreaseDecreaseInOtherAccountsPayable`	$-119.95K	USD	Annual
Decrease in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	Annual
Decrease in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	$13.48K	USD	Annual
Increase in other receivables	`IncreaseDecreaseInOtherReceivables`	$-16.44K	USD	Annual
Increase in other receivables	`IncreaseDecreaseInOtherReceivables`	$19.08K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-858.53K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.30M	USD	Annual
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$11.93K	USD	Annual
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.11K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.22K	USD	Annual
Effect of reverse merger	`EffectOfReverseMerger`	-	USD	Annual
Effect of reverse merger	`EffectOfReverseMerger`	$-467.38K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.03K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$441.16K	USD	Annual
Proceeds from sale of common stock and warrants (net of issuance expenses)	`ProceedsFromIssuanceOfCommonStock`	$47.60K	USD	Annual
Proceeds from sale of common stock and warrants (net of issuance expenses)	`ProceedsFromIssuanceOfCommonStock`	$380.00K	USD	Annual
Issuance of short-term convertible notes	`IssuanceOfShorttermConvertibleNotes`	$-609.97K	USD	Annual
Issuance of short-term convertible notes	`IssuanceOfShorttermConvertibleNotes`	$-735.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$782.60K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$989.97K	USD	Annual
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	Annual
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-28.27K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-110.96K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$101.04K	USD	Annual
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.49K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$115.45K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.41K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.49K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$115.45K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.41K	USD	Point-in-time
Shares issued for reverse merger	`SharesIssuedForReverseMerger`	$547.00	USD	Annual
Shares issued for reverse merger	`SharesIssuedForReverseMerger`	-	USD	Annual
Write of loan(*)	`WriteOfLoan`	-	USD	Annual
Write of loan(*)	`WriteOfLoan`	$490.00K	USD	Annual
Debt settled with stock	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$91.69K	USD	Annual
Debt settled with stock	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	Annual
Cashless Exercise of Warrants	`CashlessExerciseOfWarrants`	$192.00	USD	Annual
Cashless Exercise of Warrants	`CashlessExerciseOfWarrants`	-	USD	Annual
Extinguishment of a derivative	`ExtinguishmentOfDerivative`	$20.53K	USD	Annual
Extinguishment of a derivative	`ExtinguishmentOfDerivative`	-	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-126.41K	USD	Point-in-time
Balance	`StockholdersEquity`	$-900.63K	USD	Point-in-time
Balance	`StockholdersEquity`	$-96.12K	USD	Point-in-time
Common stock and warrants issued for cash	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$380.00K	USD	Annual
Common stock and warrants issued for cash	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$47.60K	USD	Annual
Debt converted into shares	`StockIssuedDuringPeriodValueConversionOfUnits`	$769.71K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$2.26M	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$885.98K	USD	Annual
Class B and C warrants for services	`ClassBAndCWarrantsForServices`	$5.34M	USD	Annual
ESOP options	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$2.03M	USD	Annual
ESOP options	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$397.55K	USD	Annual
Effect of reverse merger	`StockIssuedDuringPeriodValueReverseStockSplits`	$957.38K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-28.27K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	Annual
Extinguishment on derivative	`StockIssuedDuringPeriodValueOFExtinguishmentOnDerivative`	$20.53K	USD	Annual
Cashless exercise of warrants	`CashlessExerciseOfWarrants`	$192.00	USD	Annual
Cashless exercise of warrants	`CashlessExerciseOfWarrants`	-	USD	Annual
Issuance of convertible notes with beneficial conversion feature	`IssuanceOfConvertibleNotesWithBeneficialConversionFeature`	$695.00K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-5.81M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-8.76M	USD	Annual
Balance	`StockholdersEquity`	$-126.41K	USD	Point-in-time
Balance	`StockholdersEquity`	$-900.63K	USD	Point-in-time
Balance	`StockholdersEquity`	$-96.12K	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.81M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.76M	USD	Annual
Change in unrealized foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-28.27K	USD	Annual
Change in unrealized foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-8.78M	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-5.81M	USD	Annual

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