10-K Filing

VIEWBIX INC. CIK: 797542 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001493152-20-004372`
Period End Date	20191231
Filing Date	20200320
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	vbix-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 30 Cash Flow Statement 39 Stockholders Equity 10

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Temporary equity, shares authorized	`TemporaryEquitySharesAuthorized`	24.99M	shares	Point-in-time
Temporary equity, shares authorized	`TemporaryEquitySharesAuthorized`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.00K	USD	Point-in-time
Temporary equity, shares issued	`TemporaryEquitySharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.00K	USD	Point-in-time
Temporary equity, shares issued	`TemporaryEquitySharesIssued`	20.01M	shares	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	-	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.00K	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.00K	USD	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	20.01M	shares	Point-in-time
Trade receivables	`ReceivablesNetCurrent`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Trade receivables	`ReceivablesNetCurrent`	$15.00K	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 accounts receivable	`AccountsAndOtherReceivablesNetCurrent`	$78.00K	USD	Point-in-time
Other accounts receivable	`AccountsAndOtherReceivablesNetCurrent`	$119.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$17.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$153.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$225.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.00K	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.20M	shares	Point-in-time
Total assets	`Assets`	$230.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	273,049.00	shares	Point-in-time
Total assets	`Assets`	$158.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	273,049.00	shares	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$19.00K	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$66.00K	USD	Point-in-time
Payable to parent company	`DueToAffiliateCurrent`	$789.00K	USD	Point-in-time
Payable to parent company	`DueToAffiliateCurrent`	$1.61M	USD	Point-in-time
Other accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$246.00K	USD	Point-in-time
Other accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$25.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$833.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.92M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total temporary equity	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Total temporary equity	`TemporaryEquityCarryingAmountAttributableToParent`	$46.00K	USD	Point-in-time
Preferred stock, $0.0001 par value; Authorized:10,000,000 shares; Issued and outstanding: None as of December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; Authorized:10,000,000 shares; Issued and outstanding: None as of December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; Authorized: 490,000,000 shares; Issued and outstanding: 31,201,669 shares as of December 31, 2019 and 273,049 as of December 31, 2018	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock, $0.0001 par value; Authorized: 490,000,000 shares; Issued and outstanding: 31,201,669 shares as of December 31, 2019 and 273,049 as of December 31, 2018	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.87M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.71M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-721.00K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-395.00K	USD	Point-in-time
Total liabilities, temporary equity and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$158.00K	USD	Point-in-time
Total liabilities, temporary equity and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$230.00K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$252.00K	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$208.00K	USD	Annual
Cost of revenues	`CostOfRevenue`	$2.00K	USD	Annual
Cost of revenues	`CostOfRevenue`	$75.00K	USD	Annual
Gross profit	`GrossProfit`	$206.00K	USD	Annual
Gross profit	`GrossProfit`	$177.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$258.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$233.00K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$180.00K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$257.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$720.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$317.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.21M	USD	Annual
Total operating expenses	`OperatingExpenses`	$755.00K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.00M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-578.00K	USD	Annual
Finance income	`FinanceIncome`	$22.00K	USD	Annual
Finance income	`FinanceIncome`	$12.00K	USD	Annual
Finance expense	`FinanceExpense`	$110.00K	USD	Annual
Finance expense	`FinanceExpense`	$4.00K	USD	Annual
Loss before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-560.00K	USD	Annual
Loss before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.10M	USD	Annual
Taxes on income	`IncomeTaxExpenseBenefit`	$15.00K	USD	Annual
Taxes on income	`IncomeTaxExpenseBenefit`	$15.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-575.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.12M	USD	Annual
Basic and diluted net loss per share:	`EarningsPerShareBasicAndDiluted`	$-2.11	USD	Annual
Basic and diluted net loss per share:	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.75M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	273,049.00	shares	Annual

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-575.00K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-1.12M	USD	Annual
Depreciation	`Depreciation`	$1.00K	USD	Annual
Depreciation	`Depreciation`	$2.00K	USD	Annual
Decrease in trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-28.00K	USD	Annual
Decrease in trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-15.00K	USD	Annual
Increase in other accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$68.00K	USD	Annual
Increase in other accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$21.00K	USD	Annual
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$10.00K	USD	Annual
Increase (decrease) in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$36.00K	USD	Annual
Increase (decrease) in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-29.00K	USD	Annual
Increase in payable to parent company	`IncreaseDecreaseInDueToAffiliatesCurrent`	$739.00K	USD	Annual
Increase in payable to parent company	`IncreaseDecreaseInDueToAffiliatesCurrent`	$822.00K	USD	Annual
Increase (decrease) in other accounts payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$139.00K	USD	Annual
Increase (decrease) in other accounts payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-67.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-135.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00K	USD	Annual
Cash acquired in connection with the reverse recapitalization	`ProceedsFromCashAcquiredInConnectionWithReverseRecapitalization`	-	USD	Annual
Cash acquired in connection with the reverse recapitalization	`ProceedsFromCashAcquiredInConnectionWithReverseRecapitalization`	$174.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$174.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$29.00K	USD	Annual
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$38.00K	USD	Annual
Cash and cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$89.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$24.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$53.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$89.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$24.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$53.00K	USD	Point-in-time
Current assets excluding cash and cash equivalents	`CurrentAssetsExcludingCashAndCashEquivalents`	$20.00K	USD	Point-in-time
Current liabilities	`LiabilitiesAssumedCurrent`	$-95.00K	USD	Point-in-time
Reverse recapitalization effect on equity	`ReverseRecapitalizationEffectOnEquity`	$-99.00K	USD	Point-in-time
Cash acquired in connection with Recapitalization Transaction	`CashAcquiredInConnectionWithRecapitalizationTransaction`	$174.00K	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-721.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-395.00K	USD	Point-in-time
Effect of reverse recapitalization	`EffectOfReverseRecapitalization`	$394.00K	USD	Annual
Conversion of convertible loan into Preferred C-2 Shares	`ConvertOfConvertibleLoanIntoPreferdC2Shares`	$249.00K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-575.00K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-1.12M	USD	Annual
Balance	`StockholdersEquity`	$-721.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-395.00K	USD	Point-in-time

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