10-Q/A Filing

VIEWBIX INC. CIK: 797542 Q2 2017

Filing Information

Form Type	10-Q/A
Accession Number	`0001493152-17-009812`
Period End Date	20170630
Filing Date	20170824
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	mrla-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 36 Cash Flow Statement 54 Stockholders Equity 13

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$30.70K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$21.03K	USD	Point-in-time
Convertible note, discount	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Convertible note, discount	`DebtInstrumentUnamortizedDiscount`	$305.42K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.11K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$274.56K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.45K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.49K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other receivable	`AccountsAndOtherReceivablesNetCurrent`	$3.66K	USD	Point-in-time
Other receivable	`AccountsAndOtherReceivablesNetCurrent`	$9.36K	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`	$13.84K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$17.77K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$13.11K	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$11.93K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $30,700 at June 30, 2017 and $21,029 at December 31, 2016	`PropertyPlantAndEquipmentNet`	$31.80K	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 $30,700 at June 30, 2017 and $21,029 at December 31, 2016	`PropertyPlantAndEquipmentNet`	$28.13K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.32M	shares	Point-in-time
Total assets	`Assets`	$57.57K	USD	Point-in-time
Total assets	`Assets`	$59.01K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.32M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.96M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$279.28K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$198.79K	USD	Point-in-time
Provision for settlement of convertible notes	`ProvisionForSettlementOfConvertibleNotesCurrent`	-	USD	Point-in-time
Provision for settlement of convertible notes	`ProvisionForSettlementOfConvertibleNotesCurrent`	$740.86K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$125.96K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$88.18K	USD	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	$118.51K	USD	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	$161.34K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$58.80K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$32.77K	USD	Point-in-time
Short term payable	`NotesPayableCurrent`	$29.74K	USD	Point-in-time
Short term payable	`NotesPayableCurrent`	$32.70K	USD	Point-in-time
Convertible note, net of discount of Nil at June 30, 2017 and $305,417 at December 31, 2016	`ConvertibleDebtCurrent`	$409.59K	USD	Point-in-time
Convertible note, net of discount of Nil at June 30, 2017 and $305,417 at December 31, 2016	`ConvertibleDebtCurrent`	$724.61K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$958.20K	USD	Point-in-time
Total liabilities	`Liabilities`	$958.20K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.04M	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; 21,321,613 and 19,962,728 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively.	`CommonStockValue`	$2.25K	USD	Point-in-time
Common stock, $0.0001 par value; 490,000,000 shares authorized; 21,321,613 and 19,962,728 shares issued and outstanding at June 30, 2017 and December 31, 2016, 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`	$14.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.71M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-900.63K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$57.57K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$59.01K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$168.58K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$295.35K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$349.82K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$192.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$520.95K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$682.61K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.82M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.02M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.21M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$689.54K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.12M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.03M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.21M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.12M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.03M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-689.54K	USD	1 Quarter
Finance income (expense)	`NonoperatingIncomeExpense`	$20.96K	USD	1 Quarter
Finance income (expense)	`NonoperatingIncomeExpense`	$-441.19K	USD	1 Quarter
Finance income (expense)	`NonoperatingIncomeExpense`	$27.55K	USD	2 Qtrs
Finance income (expense)	`NonoperatingIncomeExpense`	$-662.18K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.69M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.09M	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`	$-0.05	USD	1 Quarter
Basic and diluted (net loss per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.89M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.32M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.00M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.12M	shares	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.69M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.09M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$7.45K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$8.29K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$43.37K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$325.40K	USD	2 Qtrs
Shares issued for services	`SharesIssuedForServices`	-	USD	2 Qtrs
Shares issued for services	`SharesIssuedForServices`	$2.07M	USD	2 Qtrs
Options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$455.03K	USD	2 Qtrs
Options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Employee option expenses	`StockOptionPlanExpense`	-	USD	2 Qtrs
Employee option expenses	`StockOptionPlanExpense`	$74.70K	USD	2 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-52.39K	USD	2 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$37.66K	USD	2 Qtrs
Increase in provision for settlements of convertible loan	`IncreaseDecreaseInProvisionForSettlementsOfConvertibleLoan`	-	USD	2 Qtrs
Increase in provision for settlements of convertible loan	`IncreaseDecreaseInProvisionForSettlementsOfConvertibleLoan`	$-740.86K	USD	2 Qtrs
Decrease in amounts due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$34.83K	USD	2 Qtrs
Decrease in amounts due from related party	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	2 Qtrs
Increase in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	$26.03K	USD	2 Qtrs
Increase in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	2 Qtrs
Increase in other receivables	`IncreaseDecreaseInOtherReceivables`	$-17.59K	USD	2 Qtrs
Increase in other receivables	`IncreaseDecreaseInOtherReceivables`	$-5.70K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-541.58K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-511.65K	USD	2 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.18K	USD	2 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$474.00	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.77K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.96K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-474.00	USD	2 Qtrs
Proceeds from sale of common stock (net of issuance expenses)	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from sale of common stock (net of issuance expenses)	`ProceedsFromIssuanceOfCommonStock`	$526.23K	USD	2 Qtrs
Principal repayments on debt	`RepaymentsOfDebt`	-	USD	2 Qtrs
Principal repayments on debt	`RepaymentsOfDebt`	$34.55K	USD	2 Qtrs
Issuance of short-term convertible notes	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Issuance of short-term convertible notes	`ProceedsFromConvertibleDebt`	$735.71K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$701.17K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$526.23K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$159.11K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.62K	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.11K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$274.56K	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`	$4.49K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.11K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$274.56K	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`	$4.49K	USD	Point-in-time
Common stock issued pursuant to convertible note	`CommonStockIssuedPursuantToConvertibleNote`	$10.40K	USD	2 Qtrs
Common stock issued pursuant to convertible note	`CommonStockIssuedPursuantToConvertibleNote`	-	USD	2 Qtrs
Cashless exercise of Warrants	`NonCashInvestingAndFinancingCashlessExerciseOfWarrants`	$153.50K	USD	2 Qtrs
Cashless exercise of Warrants	`NonCashInvestingAndFinancingCashlessExerciseOfWarrants`	-	USD	2 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-900.63K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueOther`	$526.21K	USD	2 Qtrs
Cashless exercise of Warrants	`CashlessExerciseOfWarrants`	-	USD	2 Qtrs
Conversion of Convertible Note to shares	`StockIssuedDuringPeriodValueConversionOfUnits`	$10.40K	USD	2 Qtrs
Issuance of Shares	`StockIssuedDuringPeriodValueNewIssues`	-	USD	2 Qtrs
Share based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$74.70K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-1.19M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.69M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-3.09M	USD	2 Qtrs
Balance	`StockholdersEquity`	$-900.63K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.98M	USD	Point-in-time

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