10-K Filing

VIEWBIX INC. CIK: 797542 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001493152-22-007150`
Period End Date	20211231
Filing Date	20220317
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 34 Cash Flow Statement 41 Stockholders Equity 10

Balance Sheet 41 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`	$148.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	34.75M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.00K	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$8.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	34.75M	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$15.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	34.75M	shares	Point-in-time
Other accounts receivable	`AccountsAndOtherReceivablesNetCurrent`	$30.00K	USD	Point-in-time
Other accounts receivable	`AccountsAndOtherReceivablesNetCurrent`	$20.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$44.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$42.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$156.00K	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`	$156.00K	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$22.00K	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$9.00K	USD	Point-in-time
Other accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$242.00K	USD	Point-in-time
Other accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$177.00K	USD	Point-in-time
Parent company	`DueToAffiliateCurrent`	$2.12M	USD	Point-in-time
Parent company	`DueToAffiliateCurrent`	$2.05M	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	$69.00K	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	$50.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.44M	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, 2021 and at December 31, 2020	`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, 2021 and at December 31, 2020	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$13.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$13.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.15M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-2.28M	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, temporary equity and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$156.00K	USD	Point-in-time
Total liabilities, temporary equity and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$225.00K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$41.00K	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$96.00K	USD	Annual
Cost of revenues	`CostOfRevenue`	$5.00K	USD	Annual
Cost of revenues	`CostOfRevenue`	-	USD	Annual
Gross profit	`GrossProfit`	$41.00K	USD	Annual
Gross profit	`GrossProfit`	$91.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$108.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$64.00K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$2.00K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$8.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$437.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$304.00K	USD	Annual
Other expenses	`OtherGeneralExpense`	$25.00K	USD	Annual
Other expenses	`OtherGeneralExpense`	-	USD	Annual
Gain from sale of a subsidiary	`GainLossOnSaleOfBusiness`	-	USD	Annual
Gain from sale of a subsidiary	`GainLossOnSaleOfBusiness`	$8.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$395.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$545.00K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-354.00K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-454.00K	USD	Annual
Finance income	`FinanceIncome`	$1.00K	USD	Annual
Finance income	`FinanceIncome`	$20.00K	USD	Annual
Finance expense	`FinanceExpense`	$31.00K	USD	Annual
Finance expense	`FinanceExpense`	$7.00K	USD	Annual
Loss Before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-384.00K	USD	Annual
Loss Before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-441.00K	USD	Annual
Taxes on income	`IncomeTaxExpenseBenefit`	$2.00K	USD	Annual
Taxes on income	`IncomeTaxExpenseBenefit`	$2.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-443.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-386.00K	USD	Annual
Basic and diluted net loss per share:	`EarningsPerShareBasicAndDiluted`	$0.01	USD	Annual
Basic and diluted net loss per share:	`EarningsPerShareBasicAndDiluted`	$0.01	USD	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.75M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.20M	shares	Annual

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-443.00K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-386.00K	USD	Annual
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	-	USD	Annual
Gain from sale of a subsidiary	`GainFromSaleOfSubsidiary`	$8.00K	USD	Annual
Depreciation	`Depreciation`	$5.00K	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Decrease (Increase) in trade receivables and prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-5.00K	USD	Annual
Decrease (Increase) in trade receivables and prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$40.00K	USD	Annual
Decrease (Increase) in other accounts receivable	`IncreaseDecreaseInOtherReceivables`	$-100.00K	USD	Annual
Decrease (Increase) in other accounts receivable	`IncreaseDecreaseInOtherReceivables`	$10.00K	USD	Annual
Increase (decrease) in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-55.00K	USD	Annual
Increase (decrease) in trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$52.00K	USD	Annual
Increase in payable to parent company	`IncreaseDecreaseInDueToAffiliatesCurrent`	$246.00K	USD	Annual
Increase in payable to parent company	`IncreaseDecreaseInDueToAffiliatesCurrent`	$443.00K	USD	Annual
Increase (decrease) in other accounts payables and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-55.00K	USD	Annual
Increase (decrease) in other accounts payables and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$19.00K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-74.00K	USD	Annual
Net cash used by 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
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$13.00K	USD	Annual
Issuance of shares	`ProceedsFromIssuanceOfCommonStock`	$49.00K	USD	Annual
Issuance of shares	`ProceedsFromIssuanceOfCommonStock`	-	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`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$99.00K	USD	Annual
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$59.00K	USD	Annual
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-74.00K	USD	Annual
Cash and cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$74.00K	USD	Point-in-time
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 end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$74.00K	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
Modification of parent company payable into a loan	`ModificationOfParentCompanyPayableIntoLoan`	$2.12M	USD	Point-in-time
Current assets excluding cash and cash equivalents	`CurrentAssetsExcludingCashAndCashEquivalent`	$6.00K	USD	Point-in-time
Current liabilities	`LiabilitiesCurrentOne`	$-1.00K	USD	Point-in-time
Gain from sale of a subsidiary	`SupplementalGainFromSalesOfSubsidiary`	$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`	$-2.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.08M	USD	Point-in-time
Financing provided by the Parent Company (see note 4)	`FinancingProvidedByParentCompanyAcquisition`	$184.00K	USD	Annual
Issuance of shares	`StockIssuedDuringPeriodValueOther`	$58.00K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-443.00K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-386.00K	USD	Annual
Balance	`StockholdersEquity`	$-2.28M	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.