10-K Filing

VIEWBIX INC. CIK: 797542 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001493152-19-004164`
Period End Date	20181231
Filing Date	20190329
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	vrcp-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 28 Cash Flow Statement 66 Stockholders Equity 31

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.96K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$499.92K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	529.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	529.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$17.24K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$41.52K	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
Other current assets	`OtherAssetsCurrent`	$12.22K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.18K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	490.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$558.68K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	490.00M	shares	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	110.75M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.54M	shares	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$59.00	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$14.29K	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	110.75M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.54M	shares	Point-in-time
Total assets	`Assets`	$558.68K	USD	Point-in-time
Total assets	`Assets`	$29.53K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.12K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$123.72K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	$7.06K	USD	Point-in-time
Employee payable	`EmployeeRelatedLiabilitiesCurrent`	-	USD	Point-in-time
Short term portion of convertible notes (Note 3)	`ConvertibleNotesPayableCurrent`	$352.45K	USD	Point-in-time
Short term portion of convertible notes (Note 3)	`ConvertibleNotesPayableCurrent`	$485.45K	USD	Point-in-time
Liabilities held for sale (Note 1C)	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$469.52K	USD	Point-in-time
Liabilities held for sale (Note 1C)	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$535.77K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$975.15K	USD	Point-in-time
Convertible notes (Note 3)	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Convertible notes (Note 3)	`ConvertibleDebtNoncurrent`	$606.16K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$975.15K	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; none and 529 issued at December 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 issued at December 31, 2018 and December 31, 2017, respectively.	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 490,000,000 shares authorized; 110,748,391 and 22,543,008 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively.	`CommonStockValue`	$11.07K	USD	Point-in-time
Common stock, $0.0001 par value; 490,000,000 shares authorized; 110,748,391 and 22,543,008 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively.	`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	`AdditionalPaidInCapital`	$41.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.97M	USD	Point-in-time
Receipt on account of shares	`ReceiptOnAccountOfShares`	-	USD	Point-in-time
Receipt on account of shares	`ReceiptOnAccountOfShares`	$80.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.63M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.59M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.24M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-416.48K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$29.53K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$558.68K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues (Note 1D)	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	Annual
Revenues (Note 1D)	`RevenueFromContractWithCustomerIncludingAssessedTax`	$100.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$790.41K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
General and administrative (Note 6)	`GeneralAndAdministrativeExpense`	$1.77M	USD	Annual
General and administrative (Note 6)	`GeneralAndAdministrativeExpense`	$557.30K	USD	Annual
Total operating expenses	`OperatingExpenses`	$-557.30K	USD	Annual
Total operating expenses	`OperatingExpenses`	$-2.56M	USD	Annual
Operation Loss	`OperatingIncomeLoss`	$-557.30K	USD	Annual
Operation Loss	`OperatingIncomeLoss`	$-2.46M	USD	Annual
Finance expense, net (Note 7)	`FinanceExpense`	$-307.52K	USD	Annual
Finance expense, net (Note 7)	`FinanceExpense`	$-22.54M	USD	Annual
Net loss from continuing operations available to shareholders of the company	`NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic`	$-864.82K	USD	Annual
Net loss from continuing operations available to shareholders of the company	`NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic`	$-25.01M	USD	Annual
Net loss from discontinued operations available to shareholders of the company) Note 1C)	`NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic`	$-709.09K	USD	Annual
Net loss from discontinued operations available to shareholders of the company) Note 1C)	`NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic`	-	USD	Annual
Net loss from continuing operations attributable to shareholders of the company	`ProfitLoss`	$-1.57M	USD	Annual
Net loss from continuing operations attributable to shareholders of the company	`ProfitLoss`	$-25.01M	USD	Annual
Net loss attributable to shareholders of preferred stock	`NetLossAttributableToShareholdersOfPreferredStock`	-	USD	Annual
Net loss attributable to shareholders of preferred stock	`NetLossAttributableToShareholdersOfPreferredStock`	$39.49K	USD	Annual
Net loss from continuing operations	`NetIncomeLoss`	$-25.01M	USD	Annual
Net loss from continuing operations	`NetIncomeLoss`	$-1.53M	USD	Annual
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	Annual
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.41	USD	Annual
From discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
From discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$-0.03	USD	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.78M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	61.17M	shares	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.57M	USD	Annual
Net loss	`ProfitLoss`	$-25.01M	USD	Annual
Depreciation	`Depreciation`	$17.51K	USD	Annual
Depreciation	`Depreciation`	$14.29K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.04M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$350.21K	USD	Annual
Loss from marketable securities	`MarketableSecuritiesGainLoss`	-	USD	Annual
Loss from marketable securities	`MarketableSecuritiesGainLoss`	$-32.76K	USD	Annual
Shares and Warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.15M	USD	Annual
Shares and Warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Share based compensation	`ShareBasedCompensation`	$76.62K	USD	Annual
Share based compensation	`ShareBasedCompensation`	-	USD	Annual
Finance loss arising from change in terms of convertible notes	`FinanceLossArisingFromChangeInTermsOfConvertibleNotes`	-	USD	Annual
Finance loss arising from change in terms of convertible notes	`FinanceLossArisingFromChangeInTermsOfConvertibleNotes`	$21.47M	USD	Annual
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	-	USD	Annual
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$-336.27K	USD	Annual
Non cash finance, general and administrative expenses arising from settlement with debt and warrant holders	`NonCashFinanceGeneralAndAdministrativeExpensesArisingFromSettlementWithDebtAndWarrantHolders`	$659.96K	USD	Annual
Non cash finance, general and administrative expenses arising from settlement with debt and warrant holders	`NonCashFinanceGeneralAndAdministrativeExpensesArisingFromSettlementWithDebtAndWarrantHolders`	-	USD	Annual
Decrease in liabilities held for sale	`DecreaseInNetLiabilitiesForSale`	$66.25K	USD	Annual
Decrease in liabilities held for sale	`DecreaseInNetLiabilitiesForSale`	-	USD	Annual
Decrease in deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$-50.00K	USD	Annual
Decrease in deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	Annual
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$189.46K	USD	Annual
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-103.05K	USD	Annual
Decrease in amounts due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$40.34K	USD	Annual
Decrease in amounts due from related party	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	Annual
Decrease in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	Annual
Decrease in accrued interest	`IncreaseDecreaseInOtherAccruedLiabilities`	$35.08K	USD	Annual
Increase in other receivables	`IncreaseDecreaseInOtherReceivables`	$29.72K	USD	Annual
Increase in other receivables	`IncreaseDecreaseInOtherReceivables`	$2.87K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.54M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-630.01K	USD	Annual
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-11.87K	USD	Annual
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$11.87K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Issuance of common stock (net of issuance expenses)	`ProceedsFromIssuanceOfCommonStock`	$1.94M	USD	Annual
Issuance of common stock (net of issuance expenses)	`ProceedsFromIssuanceOfCommonStock`	$526.34K	USD	Annual
Issuance of short-term convertible notes	`ProceedsFromShortTermDebt`	-	USD	Annual
Issuance of short-term convertible notes	`ProceedsFromShortTermDebt`	$100.00K	USD	Annual
Receipt on account of stock	`ReceiptOnAccountOfStock`	-	USD	Annual
Receipt on account of stock	`ReceiptOnAccountOfStock`	$-80.00K	USD	Annual
Exercise of options	`ProceedsFromStockOptionsExercised`	$63.00	USD	Annual
Exercise of options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$606.34K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.04M	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$496.96K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.53K	USD	Annual
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.49K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.96K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$499.92K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.49K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.96K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$499.92K	USD	Point-in-time
Deferred revenues against Marketable securities	`DeferredRevenuesAgainstMarketablesecurities`	-	USD	Annual
Deferred revenues against Marketable securities	`DeferredRevenuesAgainstMarketablesecurities`	$50.00K	USD	Annual
Common stock issued in respect of proceeds received during 2017	`IssuanceOfSharesInRespectOfProceedsReceived`	$80.00K	USD	Annual
Common stock issued in respect of proceeds received during 2017	`IssuanceOfSharesInRespectOfProceedsReceived`	-	USD	Annual
pursuant to convertible note	`PursuantToConvertibleNote`	-	USD	Annual
pursuant to convertible note	`PursuantToConvertibleNote`	$555.39K	USD	Annual
Issuance of Preference Shares in connection with settlement with debt and warrant holders	`IssuanceOfPreferenceSharesInConnectionWithSettlementWithDebtAndWarrantHolders`	-	USD	Annual
Issuance of Preference Shares in connection with settlement with debt and warrant holders	`IssuanceOfPreferenceSharesInConnectionWithSettlementWithDebtAndWarrantHolders`	$529.00K	USD	Annual
Extinguishment of convertible note	`ExtinguishmentOfDebtAmount`	-	USD	Annual
Extinguishment of convertible note	`ExtinguishmentOfDebtAmount`	$659.96K	USD	Annual
Re issuance of convertible note	`ReIssuanceOfConvertibleNote`	$470.20K	USD	Annual
Re issuance of convertible note	`ReIssuanceOfConvertibleNote`	-	USD	Annual

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.59M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$-416.48K	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueOther`	$526.21K	USD	Annual
Cashless exercise of Warrants	`CashlessExerciseOfWarrants`	-	USD	Annual
Cashless exercise of Warrants	`CashlessExerciseOfWarrants`	-	USD	Annual
Conversion of Convertible Note to shares	`StockIssuedDuringPeriodValueConversionOfUnits`	$10.40K	USD	Annual
Issuance of Ordinary Shares	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Annual
Issuance of Preferred Stock	`IssuanceOfPreferredStockValue`	$529.00K	USD	Annual
Receipt on Account of Shares	`ReceiptOnAccountOfShare`	$80.00K	USD	Annual
Share based compensation	`AllocatedShareBasedCompensationExpense`	$76.62K	USD	Annual
Share based compensation	`AllocatedShareBasedCompensationExpense`	$1.15M	USD	Annual
Common stock and warrants issued for cash	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$1.94M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.00M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$112.00K	USD	Point-in-time
Common stock issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	700,000.00	shares	Point-in-time
Common stock issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	62,500.00	shares	Point-in-time
Warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	$146.38K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$63.00	USD	Annual
Exercise of stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-	shares	Annual
Exercise of stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	62,500.00	shares	Annual
Issuance of new convertible note with a beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$100.00K	USD	Annual
Change is the terms of Convertible Note	`ChangeIsTermsOfConvertibleNote`	$22.58M	USD	Annual
Partial conversion of convertible note to shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesOne`	$555.39K	USD	Annual
Cancellation of Preferred Shares	`CancellationOfPreferredShares`	$-150.00K	USD	Annual
Issuance of Shares in respect of proceeds received during 2017	`IssuanceOfSharesInRespectOfProceedsReceivedValue`	-	USD	Annual
Net loss for the year	`ProfitLoss`	$-1.57M	USD	Annual
Net loss for the year	`ProfitLoss`	$-25.01M	USD	Annual
Balance	`StockholdersEquity`	$-1.59M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$-416.48K	USD	Point-in-time

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