10-Q Filing

VIEWBIX INC. CIK: 797542 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-015215`
Period End Date	20170930
Filing Date	20171229
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	mrla-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 46 Cash Flow Statement 55 Stockholders Equity 17

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.77K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.43K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$31.23K	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$9.36K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.66K	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`	529.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$57.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$11.93K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $30,700 at September 30, 2017 and $21,029 at December 31, 2016	`PropertyPlantAndEquipmentNet`	$24.18K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	490.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $30,700 at September 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
Total assets	`Assets`	$58.89K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.96M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.32M	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`	21.32M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$386.24K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$198.79K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$125.96K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$58.94K	USD	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	$95.84K	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`	$29.50K	USD	Point-in-time
Short term portion of convertible notes	`NotesPayableCurrent`	$439.33K	USD	Point-in-time
Short term portion of convertible notes	`NotesPayableCurrent`	$316.99K	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	$336.27K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$887.51K	USD	Point-in-time
Convertible notes	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Convertible notes	`ConvertibleDebtNoncurrent`	$606.16K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.29M	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; 529 and none issued at September 31, 2017 and December 31, 2016, respectively.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; 529 and none issued at September 31, 2017 and December 31, 2016, respectively.	`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 September 30, 2017 and December 31, 2016, respectively.	`CommonStockValue`	$2.15K	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 September 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`	$13.83M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.96M	USD	Point-in-time
Receipt on account of shares	`ReceiptOnAccountOfShares`	$80.00K	USD	Point-in-time
Receipt on account of shares	`ReceiptOnAccountOfShares`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.05M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.24M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.43M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$57.57K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$58.89K	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$9.78K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$359.60K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$155.34K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$450.69K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$134.83K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$817.43K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$577.94K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.35M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$144.61K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$733.27K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.80M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.18M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.18M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-733.27K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-144.61K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.80M	USD	3 Qtrs
Finance income (expense)	`NonoperatingIncomeExpense`	$-391.32K	USD	3 Qtrs
Finance income (expense)	`NonoperatingIncomeExpense`	$-367.20K	USD	1 Quarter
Finance income (expense)	`NonoperatingIncomeExpense`	$86.95K	USD	1 Quarter
Finance income (expense)	`NonoperatingIncomeExpense`	$-238.95K	USD	3 Qtrs
Finance income (expense)	`NonoperatingIncomeExpense`	$-750.46K	USD	Annual
Net loss available to shareholders of the company	`NetIncomeLoss`	$-57.65K	USD	1 Quarter
Net loss available to shareholders of the company	`NetIncomeLoss`	$-6.15M	USD	Annual
Net loss available to shareholders of the company	`NetIncomeLoss`	$-1.42M	USD	3 Qtrs
Net loss available to shareholders of the company	`NetIncomeLoss`	$-4.19M	USD	3 Qtrs
Net loss available to shareholders of the company	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Net loss attributable to shareholders of preferred stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.22K	USD	1 Quarter
Net loss attributable to shareholders of preferred stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-47.69K	USD	3 Qtrs
Net loss attributable to shareholders of preferred stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	-	USD	1 Quarter
Net loss attributable to shareholders of preferred stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	-	USD	3 Qtrs
Net loss used in the calculation of basic and diluted loss per share	`NetLossUsedInCalculationOfBasicAndDilutedLossPerShare`	$-52.44K	USD	1 Quarter
Net loss used in the calculation of basic and diluted loss per share	`NetLossUsedInCalculationOfBasicAndDilutedLossPerShare`	$-1.37M	USD	3 Qtrs
Net loss used in the calculation of basic and diluted loss per share	`NetLossUsedInCalculationOfBasicAndDilutedLossPerShare`	$-4.19M	USD	3 Qtrs
Net loss used in the calculation of basic and diluted loss per share	`NetLossUsedInCalculationOfBasicAndDilutedLossPerShare`	$-1.10M	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	3 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.80M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.54M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.66M	shares	3 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.52M	shares	3 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-57.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.15M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.42M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.19M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Depreciation expense	`Depreciation`	$3.39K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$11.06K	USD	3 Qtrs
Interest and amortization of discount on convertible notes	`AmortizationOfDebtDiscountPremium`	$360.60K	USD	3 Qtrs
Interest and amortization of discount on convertible notes	`AmortizationOfDebtDiscountPremium`	$211.72K	USD	3 Qtrs
Non cash finance, general and administrative expenses arising from settlement with debt and warrant holders	`NonCashFinanceGeneralAndAdministrativeExpensesArisingFromSettlementWithDebtAndWarrantHolders`	-	USD	3 Qtrs
Non cash finance, general and administrative expenses arising from settlement with debt and warrant holders	`NonCashFinanceGeneralAndAdministrativeExpensesArisingFromSettlementWithDebtAndWarrantHolders`	$-659.96K	USD	3 Qtrs
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$336.27K	USD	3 Qtrs
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$-425.11K	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$72.50K	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$2.77M	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$121.94K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-66.85K	USD	3 Qtrs
Increase (decrease) in amounts due to related party	`IncreaseDecreaseInDueFromRelatedParties`	$-509.00	USD	3 Qtrs
Increase (decrease) in amounts due to related party	`IncreaseDecreaseInDueFromRelatedParties`	$64.37K	USD	3 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.02K	USD	3 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	$-3.27K	USD	3 Qtrs
Decrease (increase) in other receivables	`IncreaseDecreaseInOtherReceivables`	$-20.23K	USD	3 Qtrs
Decrease (increase) in other receivables	`IncreaseDecreaseInOtherReceivables`	$21.88K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-615.72K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-826.73K	USD	3 Qtrs
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-11.87K	USD	3 Qtrs
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.44K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$8.43K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from sale of common stock (net of issuance expenses)	`ProceedsFromIssuanceOfCommonStock`	$526.23K	USD	3 Qtrs
Proceeds from sale of common stock (net of issuance expenses)	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Receipt on account of stock	`ProceedsFromStockPlans`	-	USD	3 Qtrs
Receipt on account of stock	`ProceedsFromStockPlans`	$80.00K	USD	3 Qtrs
Borrowings on debt	`RepaymentsOfDebt`	-	USD	3 Qtrs
Borrowings on debt	`RepaymentsOfDebt`	$-783.05K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$783.05K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$606.23K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-43.68K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.06K	USD	3 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$71.77K	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 - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.43K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$71.77K	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
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.43K	USD	Point-in-time
Issuance of Preference Shares in connection with settlement with debt and warrant holders	`NotesIssued1`	-	USD	3 Qtrs
Issuance of Preference Shares in connection with settlement with debt and warrant holders	`NotesIssued1`	$529.00K	USD	3 Qtrs
Extinguishment of convertible note	`ExtinguishmentOfConvertibleNote`	-	USD	3 Qtrs
Extinguishment of convertible note	`ExtinguishmentOfConvertibleNote`	$-470.20K	USD	3 Qtrs
Re issuance of convertible note	`ReIssuanceOfConvertibleNote`	-	USD	3 Qtrs
Re issuance of convertible note	`ReIssuanceOfConvertibleNote`	$606.16K	USD	3 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.43M	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueOther`	$526.21K	USD	3 Qtrs
Cashless exercise of Warrants	`CashlessExerciseOfWarrants`	-	USD	3 Qtrs
Cashless exercise of Warrants, shares	`CashlessExerciseOfWarrantsShares`	-	shares	3 Qtrs
Conversion of Convertible Note to shares	`StockIssuedDuringPeriodValueConversionOfUnits`	$10.40K	USD	3 Qtrs
Issuance of Ordinary Shares, value	`StockIssuedDuringPeriodValueNewIssues`	-	USD	3 Qtrs
Issuance of Preferred Stock value	`IssuanceOfPreferredStockValue`	$529.00K	USD	3 Qtrs
Receipt on Account of Shares	`ReceiptOnAccountOfShare`	$80.00K	USD	3 Qtrs
ESOP options	`AdjustmentOnAdditionalPaidInCapitalEmployeeStockOwnershipPlanOptions`	$72.50K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-57.65K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-6.15M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-1.42M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-4.19M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Balance	`StockholdersEquity`	$-1.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.43M	USD	Point-in-time

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