10-Q/A Filing

VIEWBIX INC. CIK: 797542 Q1 2018

Filing Information

Form Type	10-Q/A
Accession Number	`0001493152-18-007664`
Period End Date	20180331
Filing Date	20180522
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	vrcp-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 27 Cash Flow Statement 53 Stockholders Equity 32

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	-	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$26.12K	USD	Point-in-time
Payable to related parties	`AccountsPayableRelatedPartiesCurrentAndNoncurrent`	$82.33K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$585.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.96K	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`	$1.45M	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
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	-	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$12.22K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Series A preferred stock, shares issued	`PreferredStockSharesIssued`	529.00	shares	Point-in-time
Assets held for sale (Note 6)	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$28.70K	USD	Point-in-time
Series A preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Assets held for sale (Note 6)	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
Series A preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	529.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.48M	USD	Point-in-time
Series A preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$15.18K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$59.00	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $26,120 at December 31, 2017	`PropertyPlantAndEquipmentNet`	$14.29K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $26,120 at December 31, 2017	`PropertyPlantAndEquipmentNet`	-	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
Common stock, shares issued	`CommonStockSharesIssued`	22.54M	shares	Point-in-time
Total assets	`Assets`	$29.53K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	59.21M	shares	Point-in-time
Total assets	`Assets`	$1.48M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	59.21M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$206.30K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$445.65K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$82.33K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Deferred revenues	`DeferredRevenue`	-	USD	Point-in-time
Deferred revenues	`DeferredRevenue`	$50.00K	USD	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	$16.67K	USD	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	$98.48K	USD	Point-in-time
Accrued interest payable (Note 3)	`InterestPayableCurrent`	$1.92K	USD	Point-in-time
Accrued interest payable (Note 3)	`InterestPayableCurrent`	$67.85K	USD	Point-in-time
Short term portion of convertible notes (Note 3)	`ConvertibleNotesPayableCurrent`	$317.63K	USD	Point-in-time
Short term portion of convertible notes (Note 3)	`ConvertibleNotesPayableCurrent`	$186.41K	USD	Point-in-time
Liabilities held for sale (Note 6)	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$459.96K	USD	Point-in-time
Liabilities held for sale (Note 6)	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$921.27K	USD	Point-in-time
Convertible notes (Note 3)	`ConvertibleDebtNoncurrent`	$606.16K	USD	Point-in-time
Convertible notes (Note 3)	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$1.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$22.00M	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; none and 529 Series A shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; none and 529 Series A shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively.	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 490,000,000 shares authorized; 22,543,008 and 59,205,162 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively. (Note 4)	`CommonStockValue`	$5.82K	USD	Point-in-time
Common stock, $0.0001 par value; 490,000,000 shares authorized; 22,543,008 and 59,205,162 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively. (Note 4)	`CommonStockValue`	$2.25K	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 4)	`AdditionalPaidInCapital`	$14.97M	USD	Point-in-time
Additional paid-in capital (Note 4)	`AdditionalPaidInCapital`	$37.88M	USD	Point-in-time
Receipt on account of shares (Note 4)	`ReceiptOnAccountOfShares`	$117.15K	USD	Point-in-time
Receipt on account of shares (Note 4)	`ReceiptOnAccountOfShares`	$80.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.42M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.24M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$557.23K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.59M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.48M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$29.53K	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$54.01K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$310.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.06M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$68.65K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$68.65K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.43M	USD	1 Quarter
Loss from continuing operations	`OperatingIncomeLoss`	$-1.43M	USD	1 Quarter
Loss from continuing operations	`OperatingIncomeLoss`	$-68.65K	USD	1 Quarter
Finance expense. net	`FinanceExpense`	$-198.45K	USD	1 Quarter
Finance expense. net	`FinanceExpense`	$-19.37M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-20.80M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-267.10K	USD	1 Quarter
Loss from discontinued operations (Note 6)	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Loss from discontinued operations (Note 6)	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-290.79K	USD	1 Quarter
Net loss from continuing operations	`NetIncomeLoss`	$-1.57M	USD	Annual
Net loss from continuing operations	`NetIncomeLoss`	$-20.80M	USD	1 Quarter
Net loss from continuing operations	`NetIncomeLoss`	$-557.89K	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.51	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
From discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
From discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Total basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.48	USD	1 Quarter
Total basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	41.05M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.44M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.57M	USD	Annual
Net loss	`NetIncomeLoss`	$-20.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-557.89K	USD	1 Quarter
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$892.30K	USD	1 Quarter
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Finance loss arising from change in terms of convertible notes	`FinanceLossArisingFromChangeInTermsOfConvertibleNotes`	$183.75K	USD	1 Quarter
Finance loss arising from change in terms of convertible notes	`FinanceLossArisingFromChangeInTermsOfConvertibleNotes`	$20.17M	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$58.65K	USD	1 Quarter
Increase in net liabilities for sale	`IncreaseInNetLiabilitiesForSale`	$445.61K	USD	1 Quarter
Increase in net liabilities for sale	`IncreaseInNetLiabilitiesForSale`	-	USD	1 Quarter
Increase (Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-94.78K	USD	1 Quarter
Increase (Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-321.16K	USD	1 Quarter
Decrease in employees payable	`IncreaseDecreaseInDueToEmployeesCurrent`	$-101.34K	USD	1 Quarter
Decrease in employees payable	`IncreaseDecreaseInDueToEmployeesCurrent`	-	USD	1 Quarter
Decrease in amounts due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$721.53K	USD	1 Quarter
Decrease in amounts due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$155.70K	USD	1 Quarter
Increase in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$50.00K	USD	1 Quarter
Increase in deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Increase (decrease) in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	$14.70K	USD	1 Quarter
Increase (decrease) in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	$-65.92K	USD	1 Quarter
Increase (decrease) in other receivables	`IncreaseDecreaseInOtherReceivables`	$-9.36K	USD	1 Quarter
Increase (decrease) in other receivables	`IncreaseDecreaseInOtherReceivables`	$-12.12K	USD	1 Quarter
Net cash used in continuing operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-352.47K	USD	1 Quarter
Net cash used in continuing operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-345.45K	USD	1 Quarter
Net change in non-cash working capital items relating to discontinued operations	`NetChangeInNoncashWorkingCapitalItemsRelatingToDiscontinuedOperations`	-	USD	1 Quarter
Net change in non-cash working capital items relating to discontinued operations	`NetChangeInNoncashWorkingCapitalItemsRelatingToDiscontinuedOperations`	$-176.09K	USD	1 Quarter
Net change in investment activities relating to discontinued operation	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-1.55K	USD	1 Quarter
Net change in investment activities relating to discontinued operation	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Proceeds from sale of common stock and warrants (net of issuance expenses)	`ProceedsFromIssuanceOfCommonStock`	$1.58M	USD	1 Quarter
Proceeds from sale of common stock and warrants (net of issuance expenses)	`ProceedsFromIssuanceOfCommonStock`	$526.21K	USD	1 Quarter
Exercise of options	`ProceedsFromStockOptionsExercised`	$63.00	USD	1 Quarter
Exercise of options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Issuance of Shares in respect of proceeds received during 2017	`IssuanceOfSharesInRespectOfProceedsReceived`	$-117.15K	USD	1 Quarter
Issuance of Shares in respect of proceeds received during 2017	`IssuanceOfSharesInRespectOfProceedsReceived`	-	USD	1 Quarter
Issuance of convertible note	`ProceedsFromShortTermDebt`	$100.00K	USD	1 Quarter
Issuance of convertible note	`ProceedsFromShortTermDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.79M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$526.21K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.90K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.45M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$585.00	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`	$4.49K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$585.00	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`	$4.49K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Conversion to shares of convertible loans	`ConversionToSharesOfConvertibleLoans`	$85.22K	USD	1 Quarter
Conversion to shares of convertible loans	`ConversionToSharesOfConvertibleLoans`	-	USD	1 Quarter
Cancellation of preferred shares	`CancellationOfPreferredShares`	-	USD	1 Quarter
Cancellation of preferred shares	`CancellationOfPreferredShares`	$-150.00K	USD	1 Quarter

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$557.23K	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`	$117.15K	USD	1 Quarter
Receipt on Account of Shares	`ReceiptOnAccountOfShare`	$80.00K	USD	Annual
Share based compensation	`AllocatedShareBasedCompensationExpense`	$76.62K	USD	Annual
Share based compensation	`AllocatedShareBasedCompensationExpense`	$76.62K	USD	1 Quarter
Common stock and warrants issued for cash	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$1.67M	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$892.30K	USD	1 Quarter
Common stock issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	62,500.00	shares	Point-in-time
Warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	$39.84K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$63.00	USD	1 Quarter
Exercise of stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-62,500.00	shares	1 Quarter
Exercise of stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-	shares	Annual
Issuance of new convertible note with a beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$100.00K	USD	1 Quarter
Partial conversion of new convertible notes to shares	`PartialConversionOfNewConvertibleNotesToShares`	$3.00K	USD	1 Quarter
Change is the terms of Convertible Note	`ChangeIsTermsOfConvertibleNote`	$20.19M	USD	1 Quarter
Partial conversion of convertible note to shares, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesOne`	$82.22K	USD	1 Quarter
Cancellation of Preferred Shares	`CancellationOfPreferredShares`	-	USD	1 Quarter
Cancellation of Preferred Shares	`CancellationOfPreferredShares`	$-150.00K	USD	1 Quarter
Issuance of Shares in respect of proceeds received during 2017	`IssuanceOfSharesInRespectOfProceedsReceivedValue`	-	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.57M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-20.80M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-557.89K	USD	1 Quarter
Balance	`StockholdersEquity`	$-1.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$557.23K	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.