40-F Filing

REAL BROKERAGE INC CIK: 1862461 FY 2022

Filing Information

Form Type	40-F
Accession Number	`0001493152-23-007836`
Period End Date	20221231
Filing Date	20230316
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	form40-f_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 40 Cash Flow Statement 72 Stockholders Equity 23

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`Cash`	$25.82M	USD	Point-in-time
Cash and cash equivalents	`Cash`	$10.85M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$7.48M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$3.31M	USD	Point-in-time
Investments in financial assets	`InvestmentAccountedForUsingEquityMethod`	$7.89M	USD	Point-in-time
Investments in financial assets	`InvestmentAccountedForUsingEquityMethod`	$8.81M	USD	Point-in-time
Trade receivables	`CurrentTradeReceivables`	$1.55M	USD	Point-in-time
Trade receivables	`CurrentTradeReceivables`	$254.00K	USD	Point-in-time
Other receivables	`OtherCurrentReceivables`	$74.00K	USD	Point-in-time
Other receivables	`OtherCurrentReceivables`	$23.00K	USD	Point-in-time
Prepaid expenses and deposits	`CurrentPrepaidExpenses`	$529.00K	USD	Point-in-time
Prepaid expenses and deposits	`CurrentPrepaidExpenses`	$448.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`CurrentAssets`	$28.37M	USD	Point-in-time
TOTAL CURRENT ASSETS	`CurrentAssets`	$38.66M	USD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	$451.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	$3.71M	USD	Point-in-time
Goodwill	`Goodwill`	$10.26M	USD	Point-in-time
Goodwill	`Goodwill`	$602.00K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipment`	$1.35M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipment`	$170.00K	USD	Point-in-time
Right-of-use assets	`RightofuseAssets`	$73.00K	USD	Point-in-time
Right-of-use assets	`RightofuseAssets`	$109.00K	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`NoncurrentAssets`	$1.33M	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`NoncurrentAssets`	$15.39M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$40.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$43.76M	USD	Point-in-time
Accounts payable	`TradeAndOtherCurrentPayables`	$474.00K	USD	Point-in-time
Accounts payable	`TradeAndOtherCurrentPayables`	$54.00K	USD	Point-in-time
Accrued liabilities	`CurrentAccruedExpensesAndOtherCurrentLiabilities`	$8.82M	USD	Point-in-time
Accrued liabilities	`CurrentAccruedExpensesAndOtherCurrentLiabilities`	$11.87M	USD	Point-in-time
Customer Deposits	`DepositsFromCustomers`	$3.31M	USD	Point-in-time
Customer Deposits	`DepositsFromCustomers`	$7.48M	USD	Point-in-time
Other payables	`OtherCurrentPayables`	$1.19M	USD	Point-in-time
Other payables	`OtherCurrentPayables`	$40.00K	USD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	$91.00K	USD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	$96.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`CurrentLiabilities`	$12.31M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`CurrentLiabilities`	$21.11M	USD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	-	USD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	$40.00K	USD	Point-in-time
Warrants outstanding	`NoncurrentWarrantLiability`	$639.00K	USD	Point-in-time
Warrants outstanding	`NoncurrentWarrantLiability`	$242.00K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`NoncurrentLiabilities`	$242.00K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`NoncurrentLiabilities`	$679.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$12.99M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$21.35M	USD	Point-in-time
Share premium	`SharePremium`	$63.40M	USD	Point-in-time
Share premium	`SharePremium`	$63.20M	USD	Point-in-time
Stock-based compensation reserves	`CapitalReserve`	$6.72M	USD	Point-in-time
Stock-based compensation reserves	`CapitalReserve`	$25.08M	USD	Point-in-time
Deficit	`RetainedEarnings`	$-50.70M	USD	Point-in-time
Deficit	`RetainedEarnings`	$-30.13M	USD	Point-in-time
Other reserves	`OtherReserves`	$-469.00K	USD	Point-in-time
Other reserves	`OtherReserves`	$-347.00K	USD	Point-in-time
Treasury share, at cost	`TreasuryShares`	$12.64M	USD	Point-in-time
Treasury share, at cost	`TreasuryShares`	$14.96M	USD	Point-in-time
EQUITY ATTRIBUTABLE TO OWNERS	`EquityAttributableToOwnersOfParent`	$27.00M	USD	Point-in-time
EQUITY ATTRIBUTABLE TO OWNERS	`EquityAttributableToOwnersOfParent`	$22.15M	USD	Point-in-time
Non-controlling interests	`NoncontrollingInterests`	$263.00K	USD	Point-in-time
Non-controlling interests	`NoncontrollingInterests`	-	USD	Point-in-time
TOTAL EQUITY	`Equity`	$27.00M	USD	Point-in-time
TOTAL EQUITY	`Equity`	$22.41M	USD	Point-in-time
TOTAL EQUITY	`Equity`	$20.80M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`EquityAndLiabilities`	$43.76M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`EquityAndLiabilities`	$40.00M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenue`	$381.76M	USD	Annual
Revenues	`Revenue`	$121.68M	USD	Annual
Commissions and other agent-related costs	`CommissionsAndOtherAgentrelatedCosts`	$110.59M	USD	Annual
Commissions and other agent-related costs	`CommissionsAndOtherAgentrelatedCosts`	$349.81M	USD	Annual
Gross Profit	`GrossProfit`	$31.95M	USD	Annual
Gross Profit	`GrossProfit`	$11.09M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$10.57M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$24.16M	USD	Annual
Marketing expenses	`SalesAndMarketingExpense`	$7.81M	USD	Annual
Marketing expenses	`SalesAndMarketingExpense`	$22.67M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$4.87M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$3.98M	USD	Annual
Operating Loss	`ProfitLossFromOperatingActivities`	$-11.27M	USD	Annual
Operating Loss	`ProfitLossFromOperatingActivities`	$-19.75M	USD	Annual
Other income	`OtherIncome`	$249.00K	USD	Annual
Other income	`OtherIncome`	$729.00K	USD	Annual
Listing expenses	`ListingExpenses`	-	USD	Annual
Listing expenses	`ListingExpenses`	$151.00K	USD	Annual
Finance expenses, net	`FinanceCosts`	$662.00K	USD	Annual
Finance expenses, net	`FinanceCosts`	$1.17M	USD	Annual
Net Loss	`ProfitLoss`	$-20.34M	USD	Annual
Net Loss	`ProfitLoss`	$-11.68M	USD	Annual
Net Income Attributable to Noncontrolling Interests	`ProfitLossAttributableToNoncontrollingInterests`	-	USD	Annual
Net Income Attributable to Noncontrolling Interests	`ProfitLossAttributableToNoncontrollingInterests`	$-242.00K	USD	Annual
Net Loss Attributable to Owners of the Company	`ProfitLossAttributableToOwnersOfParent`	$-11.68M	USD	Annual
Net Loss Attributable to Owners of the Company	`ProfitLossAttributableToOwnersOfParent`	$-20.58M	USD	Annual
Cumulative (Gain)/Loss on Investments in Debt Instruments Classified as at FVTOCI Reclassified to Profit or Loss	`GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax`	$-407.00K	USD	Annual
Cumulative (Gain)/Loss on Investments in Debt Instruments Classified as at FVTOCI Reclassified to Profit or Loss	`GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax`	$-352.00K	USD	Annual
Foreign currency translation adjustment	`GainsLossesOnExchangeDifferencesOnTranslationNetOfTax`	$5.00K	USD	Annual
Foreign currency translation adjustment	`GainsLossesOnExchangeDifferencesOnTranslationNetOfTax`	$285.00K	USD	Annual
Total Comprehensive Loss Attributable to Owners of the Company	`ComprehensiveIncomeAttributableToOwnersOfParent`	$-20.70M	USD	Annual
Total Comprehensive Loss Attributable to Owners of the Company	`ComprehensiveIncomeAttributableToOwnersOfParent`	$-12.03M	USD	Annual
Total Comprehensive Income Attributable to NCI	`ComprehensiveIncomeAttributableToNoncontrollingInterests`	-	USD	Annual
Total Comprehensive Income Attributable to NCI	`ComprehensiveIncomeAttributableToNoncontrollingInterests`	$242.00K	USD	Annual
Total Comprehensive Loss	`ComprehensiveIncome`	$-12.03M	USD	Annual
Total Comprehensive Loss	`ComprehensiveIncome`	$-20.46M	USD	Annual
Basic and diluted loss per share	`BasicEarningsLossPerShare`	$-0.12	USD	Annual
Basic and diluted loss per share	`BasicEarningsLossPerShare`	$-0.07	USD	Annual
Weighted-average shares, basic and diluted	`AdjustedWeightedAverageShares`	170,483.00	shares	Annual
Weighted-average shares, basic and diluted	`AdjustedWeightedAverageShares`	178,201.00	shares	Annual

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-20.34M	USD	Annual
Net Loss	`ProfitLoss`	$-11.68M	USD	Annual
Depreciation	`AdjustmentsForDepreciationExpense`	$333.00K	USD	Annual
Depreciation	`AdjustmentsForDepreciationExpense`	$213.00K	USD	Annual
Equity-settled share-based payments	`AdjustmentsForSharebasedPayments`	$16.20M	USD	Annual
Equity-settled share-based payments	`AdjustmentsForSharebasedPayments`	$4.03M	USD	Annual
Finance costs	`AdjustmentsForFinanceCosts`	$167.00K	USD	Annual
Finance costs	`AdjustmentsForFinanceCosts`	$565.00K	USD	Annual
Gain on short term investments	`AdjustmentsForDecreaseIncreaseInInventories`	$-223.00K	USD	Annual
Gain on short term investments	`AdjustmentsForDecreaseIncreaseInInventories`	-	USD	Annual
Trade receivables	`AdjustmentsForDecreaseIncreaseInTradeAccountReceivable`	$-137.00K	USD	Annual
Trade receivables	`AdjustmentsForDecreaseIncreaseInTradeAccountReceivable`	$-1.29M	USD	Annual
Other receivables	`AdjustmentsForDecreaseIncreaseInOtherOperatingReceivables`	$-51.00K	USD	Annual
Other receivables	`AdjustmentsForDecreaseIncreaseInOtherOperatingReceivables`	$198.00K	USD	Annual
Prepaid expenses and deposits	`AdjustmentsForDecreaseIncreaseInPrepaidExpenses`	$-359.00K	USD	Annual
Prepaid expenses and deposits	`AdjustmentsForDecreaseIncreaseInPrepaidExpenses`	$-81.00K	USD	Annual
Accounts payable	`AdjustmentsForIncreaseDecreaseInTradeAccountPayable`	$420.00K	USD	Annual
Accounts payable	`AdjustmentsForIncreaseDecreaseInTradeAccountPayable`	-	USD	Annual
Accrued liabilities	`AdjustmentsForIncreaseDecreaseInOtherLiabilities`	$5.32M	USD	Annual
Accrued liabilities	`AdjustmentsForIncreaseDecreaseInOtherLiabilities`	$5.79M	USD	Annual
Customer deposits	`AdjustmentsForIncreaseDecreaseInDepositsFromCustomers`	-	USD	Annual
Customer deposits	`AdjustmentsForIncreaseDecreaseInDepositsFromCustomers`	$4.17M	USD	Annual
Other payables	`AdjustmentsForIncreaseDecreaseInOtherOperatingPayables`	$1.15M	USD	Annual
Other payables	`AdjustmentsForIncreaseDecreaseInOtherOperatingPayables`	$3.29M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`CashFlowsFromUsedInOperatingActivities`	$6.00M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`CashFlowsFromUsedInOperatingActivities`	$1.68M	USD	Annual
Purchase of property and equipment	`PurchaseOfAvailableforsaleFinancialAssets`	$172.00K	USD	Annual
Purchase of property and equipment	`PurchaseOfAvailableforsaleFinancialAssets`	$1.41M	USD	Annual
Acquisition of subsidiaries (Note 7,8, and 9)	`CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities`	$8.15M	USD	Annual
Acquisition of subsidiaries (Note 7,8, and 9)	`CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities`	$1.10M	USD	Annual
Dividends received from equity instruments designated at FVTOCI	`DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities`	-	USD	Annual
Dividends received from equity instruments designated at FVTOCI	`DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities`	$637.00K	USD	Annual
Proceeds on disposal of equity instruments held at FVTOCI	`PaymentsOfProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities`	$125.00K	USD	Annual
Proceeds on disposal of equity instruments held at FVTOCI	`PaymentsOfProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities`	-	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`CashFlowsFromUsedInInvestingActivities`	$-1.27M	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`CashFlowsFromUsedInInvestingActivities`	$-9.05M	USD	Annual
Investment in securities	`InvestmentInSecurities`	-	USD	Annual
Investment in securities	`InvestmentInSecurities`	$8.94M	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromExerciseOfWarrants`	-	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromExerciseOfWarrants`	$26.48M	USD	Annual
Purchase of common shares for Restricted Share Unit (RSU) Plan	`PaymentsOfOtherEquityInstruments`	$8.06M	USD	Annual
Purchase of common shares for Restricted Share Unit (RSU) Plan	`PaymentsOfOtherEquityInstruments`	$12.64M	USD	Annual
Stock Compensation Payable (RSU)	`ProceedsFromStockCompensationPayable`	$2.25M	USD	Annual
Stock Compensation Payable (RSU)	`ProceedsFromStockCompensationPayable`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromExerciseOfOptions`	$265.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromExerciseOfOptions`	$207.00K	USD	Annual
Payment of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	$35.00K	USD	Annual
Payment of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	$84.00K	USD	Annual
Dividends paid for non-controlling interest	`DividendsPaidClassifiedAsFinancingActivities`	-	USD	Annual
Dividends paid for non-controlling interest	`DividendsPaidClassifiedAsFinancingActivities`	$19.00K	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`CashFlowsFromUsedInFinancingActivities`	$7.27M	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`CashFlowsFromUsedInFinancingActivities`	$-7.85M	USD	Annual
Net change in cash, cash equivalents and restricted cash	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	$-10.90M	USD	Annual
Net change in cash, cash equivalents and restricted cash	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	$7.68M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of year	`CashAndCashEquivalents`	$18.33M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashAndCashEquivalents`	$21.27M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashAndCashEquivalents`	$29.13M	USD	Point-in-time
Fluctuations in foreign currency	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$100.00K	USD	Annual
Fluctuations in foreign currency	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$176.00K	USD	Annual
CASH, CASH EQUIVALENTS AND RESTRICTED CASH BALANCE, ENDING BALANCE	`CashAndCashEquivalents`	$18.33M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH BALANCE, ENDING BALANCE	`CashAndCashEquivalents`	$21.27M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH BALANCE, ENDING BALANCE	`CashAndCashEquivalents`	$29.13M	USD	Point-in-time
Share-based compensation as part of Expetitle consideration	`SharebasedCompensationAsPartOfConsideration`	$4.33M	USD	Annual
Share-based compensation as part of Expetitle consideration	`SharebasedCompensationAsPartOfConsideration`	-	USD	Annual
Share-based compensation reclass from liability to equity	`SharebasedCompensationReclassFromLiabilityToEquity`	-	USD	Annual
Share-based compensation reclass from liability to equity	`SharebasedCompensationReclassFromLiabilityToEquity`	$2.27M	USD	Annual
Share-based compensation as part of LemonBrew consideration	`SharebasedCompensationAsPartOfBusinessConsideration`	$450.00K	USD	Annual
Share-based compensation as part of LemonBrew consideration	`SharebasedCompensationAsPartOfBusinessConsideration`	-	USD	Annual
Increase in ROU against lease liabilities	`AdditionsToRightofuseAssets`	$84.00K	USD	Annual
Increase in ROU against lease liabilities	`AdditionsToRightofuseAssets`	-	USD	Annual
Warrants liability from acquisition	`WarrantsLiabilityFromAcquisition`	-	USD	Annual
Warrants liability from acquisition	`WarrantsLiabilityFromAcquisition`	$65.00K	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`Equity`	$27.00M	USD	Point-in-time
Balance	`Equity`	$22.41M	USD	Point-in-time
Balance	`Equity`	$20.80M	USD	Point-in-time
Total other comprehensive loss	`NetIncomeLossAndComprehensiveIncome`	$-12.03M	USD	Annual
Total other comprehensive loss	`NetIncomeLossAndComprehensiveIncome`	$-122.00K	USD	Annual
Exercise of warrants	`IncreaseDecreaseThroughExerciseOfWarrantsEquity`	$26.48M	USD	Annual
Acquisitions of common shares for Restricted Share Unit (RSU) plan	`AcquisitionsOfCommonsSharesForRestrictedShareUnitRSUPlan`	$-8.06M	USD	Annual
Acquisitions of common shares for Restricted Share Unit (RSU) plan	`AcquisitionsOfCommonsSharesForRestrictedShareUnitRSUPlan`	$-12.64M	USD	Annual
Proceeds from sale of treasury shares	`ProceedsFromSaleOrIssueOfTreasuryShares`	$229.00K	USD	Annual
Conversion of preferred shares into common shares	`IncreaseDecreaseThroughConversionOfConvertibleInstruments`	-	USD	Annual
Exercise of stock options	`IncreaseDecreaseThroughExerciseOfOptions`	$265.00K	USD	Annual
Exercise of stock options	`IncreaseDecreaseThroughExerciseOfOptions`	$207.00K	USD	Annual
Equity-settled share-based payments	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	$18.87M	USD	Annual
Equity-settled share-based payments	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	$3.96M	USD	Annual
Total loss	`ProfitLoss`	$-20.34M	USD	Annual
Total loss	`ProfitLoss`	$-11.68M	USD	Annual
Release of treasury shares	`SaleOrIssueOfTreasuryShares`	-	USD	Annual
Issuance of Restricted Share Units	`IssuanceOfRestrictedShareUnits`	-	USD	Annual
Shares issued as part of Expetitle and LemonBrew Acquisitions	`SharesIssuedAsPartOfAcquisition`	$4.78M	USD	Annual
Adjustment arising from change in non-controlling interests	`AdjustmentArisingFromChangeInNoncontrollingInterests`	$21.00K	USD	Annual
Balance	`Equity`	$27.00M	USD	Point-in-time
Balance	`Equity`	$22.41M	USD	Point-in-time
Balance	`Equity`	$20.80M	USD	Point-in-time

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