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10-Q Filing

VIEWBIX INC. CIK: 797542 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0001493152-23-016976
Period End Date 20230331
Filing Date 20230515
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance form10-q_htm.xml
Filing Contents
Balance Sheet 76 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, 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 $1.77M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 14.78M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.20M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 14.78M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 14.78M shares Point-in-time
Restricted deposits RestrictedCash $185.00K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 14.78M shares Point-in-time
Restricted deposits RestrictedCash $184.00K USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $20.95M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $15.56M USD Point-in-time
Loan to parent company OtherReceivablesNetCurrent $3.54M USD Point-in-time
Loan to parent company OtherReceivablesNetCurrent $3.63M USD Point-in-time
Other current assets OtherAssetsCurrent $973.00K USD Point-in-time
Other current assets OtherAssetsCurrent $822.00K USD Point-in-time
Total current assets AssetsCurrent $29.84M USD Point-in-time
Total current assets AssetsCurrent $21.97M USD Point-in-time
Severance pay funds SeverancePayFunds $52.00K USD Point-in-time
Severance pay funds SeverancePayFunds $51.00K USD Point-in-time
Deferred taxes DeferredIncomeTaxAssetsNet $340.00K USD Point-in-time
Deferred taxes DeferredIncomeTaxAssetsNet $257.00K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $302.00K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $284.00K USD Point-in-time
Operating lease right-of-use asset OperatingLeaseRightOfUseAsset $464.00K USD Point-in-time
Operating lease right-of-use asset OperatingLeaseRightOfUseAsset $486.00K USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $15.31M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $14.60M USD Point-in-time
Goodwill Goodwill $17.36M USD Point-in-time
Goodwill Goodwill $17.36M USD Point-in-time
Total non-current assets AssetsNoncurrent $33.85M USD Point-in-time
Total non-current assets AssetsNoncurrent $33.02M USD Point-in-time
Total assets Assets $54.99M USD Point-in-time
Total assets Assets $63.70M USD Point-in-time
Accounts payable AccountsPayableCurrent $19.78M USD Point-in-time
Accounts payable AccountsPayableCurrent $14.06M USD Point-in-time
Short-term loans ShortTermBorrowings $4.82M USD Point-in-time
Short-term loans ShortTermBorrowings $5.07M USD Point-in-time
Current maturities of long-term loans CurrentMaturitiesOfLongtermLoan $1.88M USD Point-in-time
Current maturities of long-term loans CurrentMaturitiesOfLongtermLoan $1.50M USD Point-in-time
Other payables AccountPayableOtherCurrent $1.38M USD Point-in-time
Other payables AccountPayableOtherCurrent $2.08M USD Point-in-time
Operating lease liabilities - short term OperatingLeaseLiabilityCurrent $87.00K USD Point-in-time
Operating lease liabilities - short term OperatingLeaseLiabilityCurrent $85.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $28.52M USD Point-in-time
Total current liabilities LiabilitiesCurrent $22.22M USD Point-in-time
Accrued severance pay AccruedSeverancePay $148.00K USD Point-in-time
Accrued severance pay AccruedSeverancePay $152.00K USD Point-in-time
Long-term loans, net of current maturities LongTermDebtNoncurrent $2.88M USD Point-in-time
Long-term loans, net of current maturities LongTermDebtNoncurrent $3.58M USD Point-in-time
Operating lease liabilities - long term OperatingLeaseLiabilityNoncurrent $360.00K USD Point-in-time
Operating lease liabilities - long term OperatingLeaseLiabilityNoncurrent $388.00K USD Point-in-time
Deferred taxes DeferredIncomeTaxLiabilitiesNet $1.71M USD Point-in-time
Deferred taxes DeferredIncomeTaxLiabilitiesNet $1.85M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $5.80M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $5.27M USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock of $0.0001 par value - Authorized: 490,000,000 shares; Issued and outstanding: 14,783,964 shares as of March 31, 2023, and December 31, 2022 CommonStockValue $3.00K USD Point-in-time
Common stock of $0.0001 par value - Authorized: 490,000,000 shares; Issued and outstanding: 14,783,964 shares as of March 31, 2023, and December 31, 2022 CommonStockValue $3.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $25.35M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $25.37M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-3.73M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-3.34M USD Point-in-time
Equity attributed to shareholders of Viewbix Inc. StockholdersEquity $22.02M USD Point-in-time
Equity attributed to shareholders of Viewbix Inc. StockholdersEquity $21.64M USD Point-in-time
Non-controlling interests MinorityInterest $7.88M USD Point-in-time
Non-controlling interests MinorityInterest $5.32M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $18.52M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $29.90M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $26.96M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $31.35M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $63.70M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $54.99M USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $20.86M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $20.43M USD 1 Quarter
Traffic-acquisition and related costs TrafficacquisitionAndRelatedCosts $17.61M USD 1 Quarter
Traffic-acquisition and related costs TrafficacquisitionAndRelatedCosts $17.98M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $848.00K USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $796.00K USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $723.00K USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $620.00K USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $547.00K USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $704.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $586.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $734.00K USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $219.00K USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-76.00K USD 1 Quarter
Financial expense, net OtherNonoperatingExpense $337.00K USD 1 Quarter
Financial expense, net OtherNonoperatingExpense $185.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-261.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-118.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $31.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $84.00K USD 1 Quarter
Net loss ProfitLoss $-345.00K USD 1 Quarter
Net loss ProfitLoss $-149.00K USD 1 Quarter
Less: net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $119.00K USD 1 Quarter
Less: net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $52.00K USD 1 Quarter
Net loss attributable to shareholders of Viewbix Inc. NetIncomeLoss $-268.00K USD 1 Quarter
Net loss attributable to shareholders of Viewbix Inc. NetIncomeLoss $-397.00K USD 1 Quarter
Net income per share Basic attributed to shareholders: EarningsPerShareBasic $-0.03 USD 1 Quarter
Net income per share Basic attributed to shareholders: EarningsPerShareBasic $-0.02 USD 1 Quarter
Net income per share Diluted attributed to shareholders: EarningsPerShareDiluted $-0.03 USD 1 Quarter
Net income per share Diluted attributed to shareholders: EarningsPerShareDiluted $-0.02 USD 1 Quarter
Weighted average number of shares - Basic: WeightedAverageNumberOfSharesOutstandingBasic 14.78M shares 1 Quarter
Weighted average number of shares - Basic: WeightedAverageNumberOfSharesOutstandingBasic 14.78M shares 1 Quarter
Weighted average number of shares - Diluted: WeightedAverageNumberOfDilutedSharesOutstanding 15.04M shares 1 Quarter
Weighted average number of shares - Diluted: WeightedAverageNumberOfDilutedSharesOutstanding 15.04M shares 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-345.00K USD 1 Quarter
Net income (loss) ProfitLoss $-149.00K USD 1 Quarter
Depreciation and amortizations DepreciationAndAmortization $586.00K USD 1 Quarter
Depreciation and amortizations DepreciationAndAmortization $734.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $30.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $1.00K USD 1 Quarter
Deferred taxes DeferredIncomeTax $55.00K USD 1 Quarter
Deferred taxes DeferredIncomeTax $58.00K USD 1 Quarter
Accrued interest, net GainLossOnAccruedInterestNet $27.00K USD 1 Quarter
Accrued interest, net GainLossOnAccruedInterestNet $22.00K USD 1 Quarter
Exchange rate differences on loans ExchangeRateDifferencesOnLoans - USD 1 Quarter
Exchange rate differences on loans ExchangeRateDifferencesOnLoans $184.00K USD 1 Quarter
Decrease (increase) in accounts receivable IncreaseDecreaseInAccountsReceivable $-5.39M USD 1 Quarter
Decrease (increase) in accounts receivable IncreaseDecreaseInAccountsReceivable $-2.08M USD 1 Quarter
Decrease (increase) in other receivables IncreaseDecreaseInOtherReceivables $497.00K USD 1 Quarter
Decrease (increase) in other receivables IncreaseDecreaseInOtherReceivables $-151.00K USD 1 Quarter
Decrease in operating lease right-of-use assets IncreaseDecreaseInOperatingLeaseRightofuseAssets $-22.00K USD 1 Quarter
Decrease in operating lease right-of-use assets IncreaseDecreaseInOperatingLeaseRightofuseAssets $-20.00K USD 1 Quarter
Increase (decrease) in severance pay, net IncreseDecreaseInSeverancePay $3.00K USD 1 Quarter
Increase (decrease) in severance pay, net IncreseDecreaseInSeverancePay $-19.00K USD 1 Quarter
Decrease in accounts payable IncreaseDecreaseInAccountsPayable $-4.02M USD 1 Quarter
Decrease in accounts payable IncreaseDecreaseInAccountsPayable $-5.73M USD 1 Quarter
Decrease in other payables IncreaseDecreaseInOtherPayable $-122.00K USD 1 Quarter
Decrease in other payables IncreaseDecreaseInOtherPayable $-137.00K USD 1 Quarter
Decrease in operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-18.00K USD 1 Quarter
Decrease in operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-30.00K USD 1 Quarter
Increase in loan from parent company IncreaseDecreaseInParentCompanyLoan $54.00K USD 1 Quarter
Increase in loan from parent company IncreaseDecreaseInParentCompanyLoan - USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-1.95M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $12.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $39.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.00K USD 1 Quarter
Cash paid to non-controlling interests (see note 1.C) CashPaidToNoncontrollingInterests $2.62M USD 1 Quarter
Cash paid to non-controlling interests (see note 1.C) CashPaidToNoncontrollingInterests - USD 1 Quarter
Capitalization of software development costs PaymentsForSoftware $16.00K USD 1 Quarter
Capitalization of software development costs PaymentsForSoftware - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-55.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.63M USD 1 Quarter
Repayment of short-term loans RepaymentsOfShortTermDebt - USD 1 Quarter
Repayment of short-term loans RepaymentsOfShortTermDebt $247.00K USD 1 Quarter
Receipt of long-term bank loan ProceedsFromIssuanceOfLongTermDebt $1.50M USD 1 Quarter
Receipt of long-term bank loan ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Repayment of long-term bank loans RepaymentsOfLongTermDebt $349.00K USD 1 Quarter
Repayment of long-term bank loans RepaymentsOfLongTermDebt $417.00K USD 1 Quarter
Payment of dividend to non-controlling interests PaymentOfDividendToNoncontrollingInterests $445.00K USD 1 Quarter
Payment of dividend to non-controlling interests PaymentOfDividendToNoncontrollingInterests $350.00K USD 1 Quarter
Payment of dividend to shareholders PaymentsOfDividends - USD 1 Quarter
Payment of dividend to shareholders PaymentsOfDividends $130.00K USD 1 Quarter
Increase in loan to parent company RepaymentsOfLoanToRelatedPartyDebt $229.00K USD 1 Quarter
Increase in loan to parent company RepaymentsOfLoanToRelatedPartyDebt $72.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $189.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-928.00K USD 1 Quarter
Decrease in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-2.43M USD 1 Quarter
Decrease in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-2.93M USD 1 Quarter
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $5.44M USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $2.51M USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.96M USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $4.38M USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $5.44M USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $2.51M USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.96M USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $4.38M USD Point-in-time
Taxes paid IncomeTaxesPaidNet $326.00K USD 1 Quarter
Taxes paid IncomeTaxesPaidNet $185.00K USD 1 Quarter
Interest paid InterestPaidNet $197.00K USD 1 Quarter
Interest paid InterestPaidNet $103.00K USD 1 Quarter
Stockholders Equity 15 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $18.52M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $29.90M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $26.96M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $31.35M USD Point-in-time
Net income (loss) ProfitLoss $-345.00K USD 1 Quarter
Net income (loss) ProfitLoss $-149.00K USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.00K USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $30.00K USD 1 Quarter
Transaction with the non-controlling interests AdjustmentsToAdditionalPaidInCapitalTransactionWithNoncontrollingInterestValue $-2.62M USD 1 Quarter
Adjustment to ultimate parents carrying values AdjustmentsToAdditionalPaidInCapitalMarkToMarket $13.33M USD 1 Quarter
Dividend declared to non-controlling interests StockIssuedDuringPeriodValueNonControllingInterest $-350.00K USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $18.52M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $29.90M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $26.96M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $31.35M USD Point-in-time

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

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