10-Q Filing

VIEWBIX INC. CIK: 797542 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-011199`
Period End Date	20210331
Filing Date	20210513
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	vbix-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 28 Cash Flow Statement 37 Stockholders Equity 10

Balance Sheet 44 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$148.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	34.75M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	34.75M	shares	Point-in-time
Common stock , shares outstanding	`CommonStockSharesOutstanding`	34.75M	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$15.00K	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$21.00K	USD	Point-in-time
Common stock , shares outstanding	`CommonStockSharesOutstanding`	34.75M	shares	Point-in-time
Other accounts receivable	`AccountsAndOtherReceivablesNetCurrent`	$14.00K	USD	Point-in-time
Other accounts receivable	`AccountsAndOtherReceivablesNetCurrent`	$20.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$42.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$27.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$196.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$225.00K	USD	Point-in-time
Total assets	`Assets`	$225.00K	USD	Point-in-time
Total assets	`Assets`	$196.00K	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$22.00K	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$10.00K	USD	Point-in-time
Other accounts payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$186.00K	USD	Point-in-time
Other accounts payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$177.00K	USD	Point-in-time
Payable to parent company	`DueToAffiliateCurrent`	$2.10M	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`	$54.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.30M	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: 34,753,669 shares as of December 31, 2020; and March 31, 2021	`CommonStockValue`	$3.00K	USD	Point-in-time
Ordinary shares of $0.0001 par value - Authorized: 490,000,000 shares; Issued and outstanding: 34,753,669 shares as of December 31, 2020; and March 31, 2021	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$13.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$13.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.15M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.87M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.16M	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 liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$225.00K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$196.00K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.00K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$37.00K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$4.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$8.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$33.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$59.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.00K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$2.00K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$7.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$63.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$175.00K	USD	1 Quarter
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	$-8.00K	USD	1 Quarter
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	-	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$73.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$200.00K	USD	1 Quarter
Financial income (expenses), net	`NonoperatingIncomeExpense`	$28.00K	USD	1 Quarter
Financial income (expenses), net	`NonoperatingIncomeExpense`	$-7.00K	USD	1 Quarter
Loss before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$172.00K	USD	1 Quarter
Loss before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$80.00K	USD	1 Quarter
Taxes on income	`IncomeTaxExpenseBenefit`	$2.00K	USD	1 Quarter
Taxes on income	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$174.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$80.00K	USD	1 Quarter
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.00	USD	1 Quarter
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Weighted average number of ordinary shares outstanding used in the computations of loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.75M	shares	1 Quarter
Weighted average number of ordinary shares outstanding used in the computations of loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.20M	shares	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$174.00K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$80.00K	USD	1 Quarter
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	$-8.00K	USD	1 Quarter
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	-	USD	1 Quarter
Depreciation	`Depreciation`	$5.00K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Decrease in trade receivables and prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-6.00K	USD	1 Quarter
Decrease in trade receivables and prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-10.00K	USD	1 Quarter
Decrease in other receivables	`IncreaseDecreaseInOtherReceivables`	$-82.00K	USD	1 Quarter
Decrease in other receivables	`IncreaseDecreaseInOtherReceivables`	$-6.00K	USD	1 Quarter
Increase in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-4.00K	USD	1 Quarter
Increase in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-71.00K	USD	1 Quarter
Financing expenses from short-term loans	`IncreaseDecreaseInFinancingExpensesFromShorttermLoans`	$4.00K	USD	1 Quarter
decrease in other accounts payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
decrease in other accounts payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-16.00K	USD	1 Quarter
Increase in payable to parent company	`IncreaseDecreaseInDueToAffiliatesCurrent`	$50.00K	USD	1 Quarter
Increase in payable to parent company	`IncreaseDecreaseInDueToAffiliatesCurrent`	$186.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.00K	USD	1 Quarter
Cash received from sale of a subsidiary	`ProceedsFromDivestitureOfBusinesses`	-	USD	1 Quarter
Cash received from sale of a subsidiary	`ProceedsFromDivestitureOfBusinesses`	$13.00K	USD	1 Quarter
Net cash provided by Investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by Investing activities	`NetCashProvidedByUsedInInvestingActivities`	$13.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$23.00K	USD	1 Quarter
Cash and cash equivalents and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$148.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$134.00K	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`	$110.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$148.00K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$134.00K	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`	$110.00K	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 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.08M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$174.00K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$80.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$-1.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.08M	USD	Point-in-time

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