10-Q Filing

VIEWBIX INC. CIK: 797542 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-015328`
Period End Date	20200630
Filing Date	20200812
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	vbix-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 57 Cash Flow Statement 65 Stockholders Equity 19

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Ordinary shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	490.00M	shares	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	490.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.00K	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	31.20M	shares	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	31.20M	shares	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	31.20M	shares	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	31.20M	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	-	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$17.00K	USD	Point-in-time
Other accounts receivables	`AccountsAndOtherReceivablesNetCurrent`	$119.00K	USD	Point-in-time
Other accounts receivables	`AccountsAndOtherReceivablesNetCurrent`	$14.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$225.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$97.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.00K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	-	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$5.00K	USD	Point-in-time
Total assets	`Assets`	$230.00K	USD	Point-in-time
Total assets	`Assets`	$97.00K	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	-	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$66.00K	USD	Point-in-time
Payable to parent company	`DueToAffiliateCurrent`	$1.85M	USD	Point-in-time
Payable to parent company	`DueToAffiliateCurrent`	$1.61M	USD	Point-in-time
Other accounts payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$204.00K	USD	Point-in-time
Other accounts payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$246.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.06M	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
Ordinary shares of $0.0001 par value - Authorized: 490,000,000 shares; Issued and outstanding: 31,201,669 shares as of December 31, 2019; and June 30, 2020	`CommonStockValue`	$3.00K	USD	Point-in-time
Ordinary shares of $0.0001 par value - Authorized: 490,000,000 shares; Issued and outstanding: 31,201,669 shares as of December 31, 2019; and June 30, 2020	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.98M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-970.00K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.17M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.96M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.87M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-721.00K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$230.00K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$97.00K	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$33.00K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$76.00K	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$70.00K	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$42.00K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$3.00K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$4.00K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$5.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$73.00K	USD	2 Qtrs
Gross profit	`GrossProfit`	$37.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$66.00K	USD	2 Qtrs
Gross profit	`GrossProfit`	$33.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$59.00K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$88.00K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$53.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	-	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$142.00K	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$58.00K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$7.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$269.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$110.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$94.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$232.00K	USD	2 Qtrs
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	-	USD	1 Quarter
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	-	USD	2 Qtrs
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	-	USD	1 Quarter
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	$-8.00K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$61.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$184.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$389.00K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$261.00K	USD	2 Qtrs
Financial expenses (income), net	`FinancialExpensesIncomeNet`	$39.00K	USD	2 Qtrs
Financial expenses (income), net	`FinancialExpensesIncomeNet`	$4.00K	USD	2 Qtrs
Financial expenses (income), net	`FinancialExpensesIncomeNet`	$32.00K	USD	1 Quarter
Financial expenses (income), net	`FinancialExpensesIncomeNet`	$15.00K	USD	1 Quarter
Loss before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$199.00K	USD	1 Quarter
Loss before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$428.00K	USD	2 Qtrs
Loss before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$93.00K	USD	1 Quarter
Loss before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$265.00K	USD	2 Qtrs
Taxes on income	`IncomeTaxExpenseBenefit`	$4.00K	USD	1 Quarter
Taxes on income	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Taxes on income	`IncomeTaxExpenseBenefit`	$23.00K	USD	2 Qtrs
Taxes on income	`IncomeTaxExpenseBenefit`	$2.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-249.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$203.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$451.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$267.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$93.00K	USD	1 Quarter
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$2.14	USD	2 Qtrs
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	2 Qtrs
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.00	USD	1 Quarter
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.97	USD	1 Quarter
Weighted average number of ordinary shares outstanding used in the computations of loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.20M	shares	2 Qtrs
Weighted average number of ordinary shares outstanding used in the computations of loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.20M	shares	1 Quarter
Weighted average number of ordinary shares outstanding used in the computations of loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	273,049.00	shares	2 Qtrs
Weighted average number of ordinary shares outstanding used in the computations of loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	273,049.00	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-249.00K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$203.00K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$451.00K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$267.00K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$93.00K	USD	1 Quarter
Depreciation	`Depreciation`	$5.00K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$1.00K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	1 Quarter
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	-	USD	1 Quarter
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	-	USD	2 Qtrs
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	-	USD	1 Quarter
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	$-8.00K	USD	2 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$8.00K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$15.00K	USD	2 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.00K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$14.00K	USD	2 Qtrs
Decrease in other receivables	`IncreaseDecreaseInOtherReceivables`	$39.00K	USD	2 Qtrs
Decrease in other receivables	`IncreaseDecreaseInOtherReceivables`	$106.00K	USD	2 Qtrs
Decrease in other receivables	`IncreaseDecreaseInOtherReceivables`	$56.00K	USD	1 Quarter
Decrease in other receivables	`IncreaseDecreaseInOtherReceivables`	$24.00K	USD	1 Quarter
Increase (decrease) in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$13.00K	USD	1 Quarter
Increase (decrease) in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-76.00K	USD	2 Qtrs
Increase (decrease) in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$30.00K	USD	2 Qtrs
Increase (decrease) in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-4.00K	USD	1 Quarter
Increase (decrease) in other accounts payables	`IncreaseDecreaseInOtherAccountsPayable`	$-24.00K	USD	1 Quarter
Increase (decrease) in other accounts payables	`IncreaseDecreaseInOtherAccountsPayable`	$64.00K	USD	2 Qtrs
Increase (decrease) in other accounts payables	`IncreaseDecreaseInOtherAccountsPayable`	$-39.00K	USD	2 Qtrs
Increase (decrease) in other accounts payables	`IncreaseDecreaseInOtherAccountsPayable`	$12.00K	USD	1 Quarter
Increase in payable to parent company	`IncreaseDecreaseInDueToAffiliatesCurrent`	$244.00K	USD	2 Qtrs
Increase in payable to parent company	`IncreaseDecreaseInDueToAffiliatesCurrent`	$139.00K	USD	1 Quarter
Increase in payable to parent company	`IncreaseDecreaseInDueToAffiliatesCurrent`	$285.00K	USD	2 Qtrs
Increase in payable to parent company	`IncreaseDecreaseInDueToAffiliatesCurrent`	$58.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.00K	USD	2 Qtrs
Cash received from sale of a subsidiary	`CashReceivedFromSaleOfSubsidiary`	$-13.00K	USD	2 Qtrs
Cash received from sale of a subsidiary	`CashReceivedFromSaleOfSubsidiary`	-	USD	2 Qtrs
Cash received from sale of a subsidiary	`CashReceivedFromSaleOfSubsidiary`	-	USD	1 Quarter
Cash received from sale of a subsidiary	`CashReceivedFromSaleOfSubsidiary`	-	USD	1 Quarter
Net cash provided by Investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by Investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by Investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash provided by Investing activities	`NetCashProvidedByUsedInInvestingActivities`	$13.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-31.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$19.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-17.00K	USD	2 Qtrs
Cash and cash equivalents and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$36.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$87.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$79.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$110.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$53.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$36.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$87.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$79.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$110.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$53.00K	USD	Point-in-time
Current assets excluding cash and cash equivalents	`CurrentAssetsExcludingCashAndCashEquivalents`	$6.00K	USD	Point-in-time
Current liabilities	`LiabilitiesAssumedCurrent`	$-1.00K	USD	Point-in-time
Gain from sale of a subsidiary	`SupplementalGainFromSaleOfSubsidiary`	$8.00K	USD	Point-in-time
Cash received from the sale of a subsidiary	`SupplementalCashReceivedFromSaleOfSubsidiaries`	$13.00K	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-970.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$-721.00K	USD	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-249.00K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$203.00K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$451.00K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$267.00K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$93.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$-970.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$-721.00K	USD	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time

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