10-K Filing

VIEWBIX INC. CIK: 797542 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001493152-21-006123`
Period End Date	20201231
Filing Date	20210316
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	vbix-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 32 Cash Flow Statement 54 Stockholders Equity 14

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Common stock , par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock , par value	`CommonStockParOrStatedValuePerShare`	$0.00	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`	34.75M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$148.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.20M	shares	Point-in-time
Common stock , shares outstanding	`CommonStockSharesOutstanding`	31.20M	shares	Point-in-time
Common stock , shares outstanding	`CommonStockSharesOutstanding`	34.75M	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	-	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.00K	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$15.00K	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Other accounts receivable	`AccountsAndOtherReceivablesNetCurrent`	$20.00K	USD	Point-in-time
Other accounts receivable	`AccountsAndOtherReceivablesNetCurrent`	$119.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$17.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$42.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$225.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$225.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Total assets	`Assets`	$230.00K	USD	Point-in-time
Total assets	`Assets`	$225.00K	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$22.00K	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$66.00K	USD	Point-in-time
Other accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$246.00K	USD	Point-in-time
Other accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$177.00K	USD	Point-in-time
Payable to parent company	`DueToAffiliateCurrent`	$1.61M	USD	Point-in-time
Payable to parent company	`DueToAffiliateCurrent`	$2.05M	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	$50.00K	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.30M	USD	Point-in-time
Common stock, $0.0001 par value; 490,000,000 shares authorized; 34,753,669 shares issued and outstanding at December 31, 2020 and 31,201,669 at December 31, 2019	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock, $0.0001 par value; 490,000,000 shares authorized; 34,753,669 shares issued and outstanding at December 31, 2020 and 31,201,669 at December 31, 2019	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$13.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$13.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.71M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.08M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-721.00K	USD	Point-in-time
Total liabilities, temporary equity and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$230.00K	USD	Point-in-time
Total liabilities, temporary equity and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$225.00K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$208.00K	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$96.00K	USD	Annual
Cost of revenues	`CostOfRevenue`	$2.00K	USD	Annual
Cost of revenues	`CostOfRevenue`	$5.00K	USD	Annual
Gross profit	`GrossProfit`	$91.00K	USD	Annual
Gross profit	`GrossProfit`	$206.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$108.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$233.00K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$257.00K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$8.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$437.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$720.00K	USD	Annual
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	$8.00K	USD	Annual
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.21M	USD	Annual
Total operating expenses	`OperatingExpenses`	$545.00K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.00M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-454.00K	USD	Annual
Finance income	`FinanceIncome`	$-20.00K	USD	Annual
Finance income	`FinanceIncome`	$-12.00K	USD	Annual
Finance expense	`FinanceExpense`	$-110.00K	USD	Annual
Finance expense	`FinanceExpense`	$-7.00K	USD	Annual
Loss Before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.10M	USD	Annual
Loss Before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-441.00K	USD	Annual
Taxes on income	`IncomeTaxExpenseBenefit`	$15.00K	USD	Annual
Taxes on income	`IncomeTaxExpenseBenefit`	$2.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-443.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.12M	USD	Annual
Basic and diluted net loss per share:	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	Annual
Basic and diluted net loss per share:	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.20M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.75M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-443.00K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-1.12M	USD	Annual
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	$8.00K	USD	Annual
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	-	USD	Annual
Depreciation	`Depreciation`	$5.00K	USD	Annual
Depreciation	`Depreciation`	$1.00K	USD	Annual
Decrease (Increase) in trade receivables and prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$40.00K	USD	Annual
Decrease (Increase) in trade receivables and prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-5.00K	USD	Annual
Decrease (Increase) in other accounts receivable	`IncreaseDecreaseInOtherReceivables`	$-100.00K	USD	Annual
Decrease (Increase) in other accounts receivable	`IncreaseDecreaseInOtherReceivables`	$21.00K	USD	Annual
Increase (decrease) in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$36.00K	USD	Annual
Increase (decrease) in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-55.00K	USD	Annual
Increase in payable to parent company (See Note 6)	`IncreaseDecreaseInDueToAffiliatesCurrent`	$822.00K	USD	Annual
Increase in payable to parent company (See Note 6)	`IncreaseDecreaseInDueToAffiliatesCurrent`	$443.00K	USD	Annual
Increase (decrease) in other accounts payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayablesAndAccruedLiabilities`	$139.00K	USD	Annual
Increase (decrease) in other accounts payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayablesAndAccruedLiabilities`	$-55.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-135.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-53.00K	USD	Annual
Cash received from the sale of a subsidiary	`ProceedsFromDivestitureOfBusinesses`	$13.00K	USD	Annual
Cash received from the sale of a subsidiary	`ProceedsFromDivestitureOfBusinesses`	-	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`	$13.00K	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
Issuance of shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Issuance of shares	`ProceedsFromIssuanceOfCommonStock`	$49.00K	USD	Annual
Short term loan received	`ProceedsFromShortTermDebt`	-	USD	Annual
Short term loan received	`ProceedsFromShortTermDebt`	$50.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$99.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$174.00K	USD	Annual
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$38.00K	USD	Annual
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$59.00K	USD	Annual
Cash and cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$148.00K	USD	Point-in-time
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`	$51.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$148.00K	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`	$51.00K	USD	Point-in-time
Current assets excluding cash and cash equivalents	`CurrentAssetsExcludingCashAndCashEquivalents`	$20.00K	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
Current liabilities	`LiabilitiesAssumedCurrent`	$-95.00K	USD	Point-in-time
Gain from sale of a subsidiary	`SupplementalGainFromSaleOfSubsidiary`	-	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
Cash received from the sale of a subsidiary	`SupplementalCashReceivedFromSaleOfSubsidiaries`	-	USD	Point-in-time
Reverse recapitalization effect on equity	`ReverseRecapitalizationEffectOnEquity`	-	USD	Point-in-time
Reverse recapitalization effect on equity	`ReverseRecapitalizationEffectOnEquity`	$-99.00K	USD	Point-in-time
Cash acquired in connection with Recapitalization Transaction	`CashAcquiredInConnectionWithRecapitalizationTransaction`	-	USD	Point-in-time
Cash acquired in connection with Recapitalization Transaction	`CashAcquiredInConnectionWithRecapitalizationTransaction`	$174.00K	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$-721.00K	USD	Point-in-time
Effect of reverse recapitalization	`EffectOfReverseRecapitalization`	-	USD	Annual
Effect of reverse recapitalization	`EffectOfReverseRecapitalization`	$145.00K	USD	Annual
Effect of reverse recapitalization, shares	`EffectOfReverseRecapitalizationShares`	-	shares	Annual
Issuance of shares	`StockIssuedDuringPeriodValueOther`	$58.00K	USD	Annual
Issuance of shares	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Issuance of shares, shares	`StockIssuedDuringPeriodSharesOther`	-	shares	Annual
Net loss for the period	`NetIncomeLoss`	$-443.00K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-1.12M	USD	Annual
Balance	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$-721.00K	USD	Point-in-time

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