10-K Filing

VIEWBIX INC. CIK: 797542 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001493152-18-005357`
Period End Date	20171231
Filing Date	20180417
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	mrla-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 22 Cash Flow Statement 49 Stockholders Equity 13

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.61K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$26.12K	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
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.96K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.45K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Other receivables (Note 2)	`AccountsAndOtherReceivablesNetCurrent`	$12.22K	USD	Point-in-time
Other receivables (Note 2)	`AccountsAndOtherReceivablesNetCurrent`	$9.36K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$15.18K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	529.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$13.84K	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`	$59.00	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$11.93K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $26,120 at December 31, 2017 and $8,607 at December 31, 2016	`PropertyPlantAndEquipmentNet`	$14.29K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	490.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $26,120 at December 31, 2017 and $8,607 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 issued	`CommonStockSharesIssued`	19.96M	shares	Point-in-time
Total assets	`Assets`	$57.57K	USD	Point-in-time
Total assets	`Assets`	$29.53K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.54M	shares	Point-in-time
Accounts payable and accrued liabilities (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$198.79K	USD	Point-in-time
Accounts payable and accrued liabilities (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$445.65K	USD	Point-in-time
Accounts payable - related party (Note 7)	`AccountsPayableRelatedPartiesCurrent`	$125.96K	USD	Point-in-time
Accounts payable - related party (Note 7)	`AccountsPayableRelatedPartiesCurrent`	$82.33K	USD	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	$98.48K	USD	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	$161.34K	USD	Point-in-time
Accrued interest payable (Note 5)	`InterestPayableCurrent`	$71.16K	USD	Point-in-time
Accrued interest payable (Note 5)	`InterestPayableCurrent`	$32.77K	USD	Point-in-time
Short term portion of convertible notes (Note 5)	`ConvertibleNotesPayableCurrent`	$317.63K	USD	Point-in-time
Short term portion of convertible notes (Note 5)	`ConvertibleNotesPayableCurrent`	$439.33K	USD	Point-in-time
Derivative Liability (Note 5)	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative Liability (Note 5)	`DerivativeLiabilitiesCurrent`	$336.27K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.29M	USD	Point-in-time
Convertible notes (Note 5)	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Convertible notes (Note 5)	`ConvertibleDebtNoncurrent`	$606.16K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.62M	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; 529 and none issued at December 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 December 31, 2017 and December 31, 2016, respectively.	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 490,000,000 shares authorized; 22,543,008 and 19,962,728 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively. (Note 6)	`CommonStockValue`	$2.25K	USD	Point-in-time
Common stock, $0.0001 par value; 490,000,000 shares authorized; 22,543,008 and 19,962,728 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively. (Note 6)	`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 (Note 6)	`AdditionalPaidInCapital`	$14.97M	USD	Point-in-time
Additional paid-in capital (Note 6)	`AdditionalPaidInCapital`	$13.83M	USD	Point-in-time
Receipt on account of shares (Note 6)	`ReceiptOnAccountOfShares`	$80.00K	USD	Point-in-time
Receipt on account of shares (Note 6)	`ReceiptOnAccountOfShares`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.62M	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`	$-1.59M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$29.53K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$57.57K	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`	$-1.64M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$-354.81K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-3.75M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$-911.58K	USD	Annual
Total operating expenses	`OperatingExpenses`	$-5.39M	USD	Annual
Total operating expenses	`OperatingExpenses`	$-1.27M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.27M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-5.39M	USD	Annual
Finance expense	`FinanceExpense`	$-750.46K	USD	Annual
Finance expense	`FinanceExpense`	$-307.52K	USD	Annual
Net loss attributable to shareholders of the company	`NetIncomeLoss`	$-6.15M	USD	Annual
Net loss attributable to shareholders of the company	`NetIncomeLoss`	$-1.57M	USD	Annual
Net loss attributable to shareholders of preferred stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-39.49K	USD	Annual
Net loss attributable to shareholders of preferred stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	-	USD	Annual
Net loss used in the calculation of basic and diluted loss per share	`NetLossUsedInCalculationOfBasicAndDilutedLossPerShare`	$-6.15M	USD	Annual
Net loss used in the calculation of basic and diluted loss per share	`NetLossUsedInCalculationOfBasicAndDilutedLossPerShare`	$-1.53M	USD	Annual
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	Annual
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.32	USD	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.78M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.97M	shares	Annual

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-6.15M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.57M	USD	Annual
Depreciation expense	`Depreciation`	$12.42K	USD	Annual
Depreciation expense	`Depreciation`	$17.51K	USD	Annual
Interest and amortization of discount on convertible notes	`AmortizationOfDebtDiscountPremium`	$350.21K	USD	Annual
Interest and amortization of discount on convertible notes	`AmortizationOfDebtDiscountPremium`	$369.59K	USD	Annual
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$2.26M	USD	Annual
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$309.87K	USD	Annual
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$-336.27K	USD	Annual
Share based compensation	`ShareBasedCompensation`	$76.62K	USD	Annual
Share based compensation	`ShareBasedCompensation`	$2.03M	USD	Annual
Non cash finance, general and administrative expenses arising from settlement with debt and warrant holders	`NonCashFinanceGeneralAndAdministrativeExpensesArisingFromSettlementWithDebtAndWarrantHolders`	$659.96K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$183.99K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$123.87K	USD	Annual
Decrease in amounts due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$40.34K	USD	Annual
Decrease in amounts due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$-122.48K	USD	Annual
Decrease in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	$13.48K	USD	Annual
Decrease in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	$35.08K	USD	Annual
Increase in other receivables	`IncreaseDecreaseInOtherReceivables`	$2.87K	USD	Annual
Increase in other receivables	`IncreaseDecreaseInOtherReceivables`	$-16.44K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-858.53K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$630.01K	USD	Annual
Decrease (increase) in restricted cash	`IncreaseDecreaseInRestrictedCash`	$11.93K	USD	Annual
Decrease (increase) in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-11.87K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.11K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$11.87K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.03K	USD	Annual
Issuance of common stock (net of issuance expenses)	`ProceedsFromIssuanceOfCommonStock`	$536.61K	USD	Annual
Issuance of common stock (net of issuance expenses)	`ProceedsFromIssuanceOfCommonStock`	$47.60K	USD	Annual
Issuance of short-term convertible notes	`ProceedsFromShortTermDebt`	$735.00K	USD	Annual
Receipt on account of stock	`ProceedsFromStockPlans`	$80.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$616.61K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$782.60K	USD	Annual
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.53K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-110.96K	USD	Annual
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.49K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.96K	USD	Point-in-time
Cash and cash equivalents - beginning 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`	$2.96K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$115.45K	USD	Point-in-time
Issuance of Preference Shares in connection with settlement with debt and warrant holders	`NotesIssued1`	-	USD	Annual
Issuance of Preference Shares in connection with settlement with debt and warrant holders	`NotesIssued1`	$529.00K	USD	Annual
Extinguishment of convertible note	`ExtinguishmentOfConvertibleNote`	$-470.20K	USD	Annual
Re issuance of convertible note	`ReIssuanceOfConvertibleNote`	$606.16K	USD	Annual
Re issuance of convertible note	`ReIssuanceOfConvertibleNote`	-	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.59M	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueOther`	$526.21K	USD	Annual
Cashless exercise of Warrants	`CashlessExerciseOfWarrants`	-	USD	Annual
Conversion of Convertible Note to shares	`StockIssuedDuringPeriodValueConversionOfUnits`	$10.40K	USD	Annual
Issuance of Ordinary Shares, value	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Annual
Issuance of Preferred Stock value	`IssuanceOfPreferredStockValue`	$529.00K	USD	Annual
Receipt on Account of Shares	`ReceiptOnAccountOfShare`	$80.00K	USD	Annual
Share based compensation	`AllocatedShareBasedCompensationExpense`	$76.62K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-6.15M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-1.57M	USD	Annual
Balance	`StockholdersEquity`	$-1.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.59M	USD	Point-in-time

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