Viewbix (VBIX) 10-K 20 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Mar. 16, 2020	Jun. 30, 2019
Document And Entity Information
Entity Registrant Name	Viewbix Inc.
Entity Central Index Key	0000797542
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 5,500
Entity Common Stock, Shares Outstanding		31,201,669
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2019		Dec. 31, 2018
CURRENT ASSETS
Cash and cash equivalents		$ 87		$ 51
Restricted cash		2		2
Trade receivables				15
Other accounts receivable		119		78
Prepaid expenses		17		7
Total current assets		225		153
NON CURRENT ASSETS
Property and equipment, net		5		5
Total assets		230		158
CURRENT LIABILITIES
Trade payables		66		19
Payable to parent company		1,611		789
Other accounts payable and accrued liabilities		246		25
Total current liabilities		1,923		833
Commitments and contingencies
TEMPORARY EQUITY (Viewbix Ltd, pre - Recapitalization Transaction)
Total temporary equity	[1]			46
Share Capital
Preferred stock, $0.0001 par value; Authorized:10,000,000 shares; Issued and outstanding: None as of December 31, 2019	[1]
Common stock, $0.0001 par value; Authorized: 490,000,000 shares; Issued and outstanding: 31,201,669 shares as of December 31, 2019 and 273,049 as of December 31, 2018	[1]	3		1
Additional paid-in capital	[1]	13,015		12,872
Accumulated deficit	[1]	(14,711)		(13,594)
Total stockholders' deficit	[1]	(1,693)		(721)
Total liabilities, temporary equity and stockholders' deficit		230		158
Preferred Stock A-1 [Member]
TEMPORARY EQUITY (Viewbix Ltd, pre - Recapitalization Transaction)
Total temporary equity	[1]				[2]
Share Capital
Total stockholders' deficit			[1]		[2]
Preferred Stock A-2 [Member]
TEMPORARY EQUITY (Viewbix Ltd, pre - Recapitalization Transaction)
Total temporary equity	[1]			10
Share Capital
Total stockholders' deficit				10
Preferred Stock B [Member]
TEMPORARY EQUITY (Viewbix Ltd, pre - Recapitalization Transaction)
Total temporary equity	[1]			9
Share Capital
Total stockholders' deficit				9
Prefered Stock C [Member]
TEMPORARY EQUITY (Viewbix Ltd, pre - Recapitalization Transaction)
Total temporary equity	[1]			15
Share Capital
Total stockholders' deficit				15
Preferred Stock C-1 [Member]
TEMPORARY EQUITY (Viewbix Ltd, pre - Recapitalization Transaction)
Total temporary equity	[1]			11
Share Capital
Total stockholders' deficit				11
Preferred Stock C-2 [Member]
TEMPORARY EQUITY (Viewbix Ltd, pre - Recapitalization Transaction)
Total temporary equity	[1]			$ 1
[1]	The number of shares prior to the reverse capitalization have been retroactively adjusted based on the equivalent number of shares received by the accounting acquirer in the Recapitalization Transaction.
[2]	Represents an amount less than $1.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Temporary equity, shares authorized		24,989,502	[1]
Temporary equity, shares issued		20,008,036	[1]
Temporary equity, shares outstanding		20,008,036	[1]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	490,000,000	490,000,000	[1]
Common stock, shares issued	31,201,669	273,049	[1]
Common stock, shares outstanding	31,201,669	273,049	[1]
Preferred Stock A-1 [Member]
Temporary equity, par value	$ 0.0001	$ 0.0001
Temporary equity, shares authorized	199,929	199,929	[1]
Temporary equity, shares issued		199,870	[1]
Temporary equity, shares outstanding		199,870	[1]
Preferred Stock A-2 [Member]
Temporary equity, par value	$ 0.0001	$ 0.0001
Temporary equity, shares authorized	4,881,762	4,881,762	[1]
Temporary equity, shares issued		4,881,654	[1]
Temporary equity, shares outstanding		4,881,654	[1]
Preferred Stock B [Member]
Temporary equity, par value	$ 0.0001	$ 0.0001
Temporary equity, shares authorized	4,556,154	4,556,154	[1]
Temporary equity, shares issued		4,556,094	[1]
Temporary equity, shares outstanding		4,556,094	[1]
Prefered Stock C [Member]
Temporary equity, par value	$ 0.0001	$ 0.0001
Temporary equity, shares authorized	12,141,116	12,141,116	[1]
Temporary equity, shares issued		7,222,305	[1]
Temporary equity, shares outstanding		7,222,305	[1]
Preferred Stock C-1 [Member]
Temporary equity, par value	$ 0.0001	$ 0.0001
Temporary equity, shares authorized	2,756,158	2,756,158	[1]
Temporary equity, shares issued		2,755,706	[1]
Temporary equity, shares outstanding		2,755,706	[1]
Preferred Stock C-2 [Member]
Temporary equity, par value	$ 0.0001	$ 0.0001
Temporary equity, shares authorized	454,383	454,383	[1]
Temporary equity, shares issued		392,407	[1]
Temporary equity, shares outstanding		392,407	[1]
[1]	The number of shares prior to the reverse capitalization have been retroactively adjusted based on the equivalent number of shares received by the accounting acquirer in the Recapitalization Transaction.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Revenues		$ 208	$ 252
Cost of revenues		2	75
Gross profit		206	177
Expenses:
Research and development		233	258
Sales and marketing		257	180
General and administrative		720	317
Total operating expenses		1,210	755
Loss from operations		(1,004)	(578)
Finance income		(12)	(22)
Finance expense		110	4
Loss before taxes on income		(1,102)	(560)
Taxes on income		15	15
Net loss		$ (1,117)	$ (575)
Basic and diluted net loss per share:		$ (0.08)	$ (2.11)
Weighted average shares outstanding - basic and diluted	[1]	13,746,064	273,049
[1]	The number of shares prior to the reverse capitalization have been retroactively adjusted based on the equivalent number of shares received by the accounting acquirer in the Recapitalization Transaction.

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Deficit - USD ($) $ in Thousands	Preferred Stock A-1 [Member]		Preferred Stock A-2 [Member]	Preferred Stock B [Member]	Prefered Stock C [Member]	Preferred Stock C-1 [Member]	Preferred Stock C-2 [Member]	Total Temporary Equity [Member]	Ordinary Shares [Member]	Additional Paid-in Capital [Member]	Accumulated Stockholders' Deficit [Member]	Total
Balance at Dec. 31, 2017		[1]	$ 10	$ 9	$ 15	$ 11		$ 45	$ 1	$ 12,623	$ (13,019)	$ (395)
Balance, shares at Dec. 31, 2017	199,870		4,881,654	4,556,094	7,222,305	2,755,706			273,049
Conversion of convertible loan into Preferred C-2 Shares								1		249		249
Conversion of convertible loan into Preferred C-2, shares							392,407
Net loss for the period											(575)	(575)
Balance at Dec. 31, 2018		[1]	$ 10	$ 9	$ 15	$ 11		46	$ 1	12,872	(13,594)	(721)	[2]
Balance, shares at Dec. 31, 2018	199,870		4,881,654	4,556,094	7,222,305	2,755,706	392,407		273,049
Effect of reverse recapitalization		[1]	$ (10)	$ (9)	$ (15)	$ (11)		(46)	$ 2	643		394
Effect of reverse recapitalization, shares	(199,870)		(4,881,654)	(4,556,094)	(7,222,305)	(2,755,706)	(392,407)		30,928,620
Net loss for the period											(1,117)	(1,117)
Balance at Dec. 31, 2019		[2]							$ 3	$ 13,015	$ (14,711)	$ (1,693)	[2]
Balance, shares at Dec. 31, 2019									31,201,669
[1]	Represents an amount less than $1.
[2]	The number of shares prior to the reverse capitalization have been retroactively adjusted based on the equivalent number of shares received by the accounting acquirer in the Recapitalization Transaction.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Jul. 25, 2019
Cash flows from operating activities
Net loss for the period	$ (1,117)	$ (575)
Adjustments to reconcile net profit (loss) to net cash provided by (used in) operating activities:
Depreciation	1	2
Changes in operating assets and liabilities:
Decrease in trade receivables	15	28
Increase in other accounts receivable	(21)	(68)
Increase in prepaid expenses	(10)
Increase (decrease) in trade payables	36	(29)
Increase in payable to parent company	822	739
Increase (decrease) in other accounts payables and accrued liabilities	139	(67)
Net cash used in operating activities	(135)	30
Cash flows from investing activities
Purchase of property and equipment	(2)
Proceeds from sale of property and equipment	1
Net cash used in investing activities	(1)
Cash flows from financing activities
Cash acquired in connection with the reverse recapitalization	174
Net cash provided by financing activities	174
Increase (decrease) in cash and cash equivalents and restricted cash	38	29
Cash and cash equivalents and restricted cash at the beginning of the period	53	24
Cash and cash equivalents and restricted cash at the end of the period	$ 89	$ 53
Assets acquired (liabilities assumed):
Current assets excluding cash and cash equivalents			$ 20
Current liabilities			(95)
Reverse recapitalization effect on equity			(99)
Cash acquired in connection with Recapitalization Transaction			$ 174

General

General	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
General	Note 1. General Organizational Background Viewbix Inc. (formerly known as Virtual Crypto Technologies, Inc.) (the “Company” or the “Registrant”) was incorporated in the State of Ohio in 1989 under a predecessor name, Zaxis International, Inc. (“Zaxis”). On August 25, 1995, Zaxis merged with a subsidiary of The InFerGene Company, a Delaware corporation, which entity changed its name to Zaxis International, Inc. and the Company was reincorporated in Delaware under the name of Zaxis International, Inc. On December 30, 2014, Zaxis entered into an agreement with Emerald Medical Applications Ltd., a private limited liability company organized under the laws of the State of Israel (“Emerald Israel”). Emerald Medical Applications Ltd. On March 16, 2015, Zaxis and Emerald Israel executed a share exchange agreement, which closed on July 14, 2015, and Emerald Israel became the Company’s wholly-owned subsidiary. Emerald Israel was engaged in the business of developing Emerald Israel’s DermaCompare technology and the development, sale and service of imaging solutions utilizing its DermaCompare software for use in derma imaging and analytics for the detection of skin cancer. On January 29, 2018, the Company ceased the DermaCompare operations of its former subsidiary. On May 2, 2018, the District Court of Lod, Israel issued a winding-up order for Emerald Israel and appointed an Israeli attorney as special executor for Emerald Israel. Virtual Crypto Technologies Ltd. On January 17, 2018, the Company formed a new wholly-owned subsidiary under the laws of the State of Israel, Virtual Crypto Technologies Ltd. (the “VCT Israel”), to develop and market software and hardware products facilitating, allowing and supporting purchase and/or sale of cryptocurrencies through ATMs, tablets, personal computers (“PCs”) and/or mobile devices. VCT Israel ceased its business operation prior to consummation of the Recapitalization Transaction. On January 27, 2020, Virtual Crypto Israel was sold to a third party for NIS 50,000 ($14,459). Transaction with Algomizer Ltd. (the “Recapitalization Transaction”) On February 7, 2019, the Company entered into a share exchange agreement (the “Share Exchange Agreement”) with Algomizer Ltd. (TASE:ALMO), a company organized under the laws of the State of Israel (“Algomizer”), pursuant to which on July 25, 2019 (the “Closing Date”), Algomizer assigned, transferred and delivered its 99.83% holdings in Viewbix Ltd. (“Viewbix Israel”) to the Company in exchange for shares of restricted common stock of the Company, representing 65% of the issued and outstanding share capital of the Company on a fully diluted basis as of the Closing Date following the conversion of certain convertible notes of the Company and excluding certain warrants to purchase shares of the Common Stock expiring in 2020 and additional warrants as further described below (the “Fully Diluted Share Capital”). In addition, upon the earlier of: (a) the launch of a live video product to an American consumer in the United States by Viewbix Israel, or (b) the launch of an interactive television product to an American consumer in the United States by Viewbix Israel, the Company will issue to Algomizer an additional 1,642,193 shares of restricted common stock of the Company representing 5% of the Fully Diluted Share Capital immediately following the Closing Date. On July 24, 2019, the Company filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of Delaware reflecting its name change from Virtual Crypto Technologies, Inc. to Viewbix Inc. to reflect its new operations and business focus and, effective on August 7, 2019, FINRA approved the Registrant’s name change and its trading symbol was changed from “VRCP” to “VBIX” on the OTCQB. On the Closing Date, the Company (i) issued 20,281,085 shares of its common stock to Algomizer in exchange for consideration consisting of consideration for its 99.83% holdings in Viewbix Israel, and (ii) 3,434,889 shares of its common stock to holders of convertible notes, which were issued by the Company prior to the Reverse Recapitalization, and which were converted upon the Closing Date. The shares of common stock were issued under Regulation S. The Company also issued a total of 7,298,636 warrants to Algomizer to purchase the Company’s common stock, whereby (i) 3,649,318 of such warrants were issued with an exercise price of $0.48, and (ii) 3,649,318 of such warrants were issued with an exercise price of $0.80. As a result of the Recapitalization Transaction, Viewbix Israel became a subsidiary of the Company. As the shareholders of Viewbix Israel received the largest ownership interest in the Company, Viewbix Israel was determined to be the “accounting acquirer” in the Recapitalization Transaction. As a result, the historical financial statements of the Company were replaced with the historical financial statements of Viewbix Israel. The number of shares prior to the reverse capitalization have been retroactively adjusted based on the equivalent number of shares received by the accounting acquirer in the Recapitalization Transaction. The Company and its subsidiaries are collectively referred to as the “Company”. Viewbix Israel was incorporated on February 2006 in Israel. The Company has developed an interactive video platform based on Software as a Service (“SaaS”) business model with interactive elements, and the ability to collect and analyze information about each interactive action performed during the viewing of the video clip. The interactive elements and information gathered, allowing the advertiser to analyze user viewing habits and optimize real-time throughout the campaign while increasing the effectiveness of online and live video advertising. Going Concern The Company has incurred $1,117 in net loss for the year ended December 31, 2019, has $1,693 stockholders’ deficit as of December 31,2019 and $721 in total stockholders’ deficit as of December 31,2018 and $135 in negative cash flows from operations for the year ended December 31,2019. On July 25, 2019, the Company ceased the operations of VCT Israel and subsequent to the balance sheet date, the Company has significantly reduced its operations and expenses of Viewbix Israel. Management expects the Company to continue to generate substantial operating losses and to continue to fund its operations primarily through utilization of its current financial resources and through additional raises of capital. Such conditions raise substantial doubts about the Company’s ability to continue as a going concern. Management’s plan includes raising funds from outside potential investors. However, there is no assurance such funding will be available to the Company or that it will be obtained on terms favorable to the Company or will provide the Company with sufficient funds to meet its objectives. These financial statements do not include any adjustments relating to the recoverability and classification of assets, carrying amounts or the amount and classification of liabilities that may be required should the Company be unable to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP). Use of estimates in the preparation of consolidated financial statements The financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). In connection with the preparation of our financial statements, the Company is required to make assumptions and estimates about future events, and apply judgments that affect the reported amounts of assets, liabilities, revenue, expenses and the related disclosures. We base our assumptions, estimates and judgments on historical experience, current trends and other factors that management believes to be relevant at the time our consolidated financial statements are prepared. On a regular basis, management reviews the accounting policies, assumptions, estimates and judgments to ensure that our financial statements are presented fairly and in accordance with U.S. GAAP. However, because future events and their effects cannot be determined with certainty, actual results could differ from our assumptions and estimates, and such differences could be material. Functional currency The functional currency of the Company and its subsidiary is the US dollar, which is the currency of the primary economic environment in which it operates. In accordance with ASC 830, “Foreign Currency Matters” (ASC 830), balances denominated or linked to foreign currencies other than US dollar are stated on the basis of the exchange rates prevailing at the applicable balance sheet date. For foreign currency transactions included in the Consolidated Statements of Comprehensive Loss, the exchange rates applicable on the relevant transaction dates are used. Gains or losses arising from changes in the exchange rates used in the translation of such transactions are carried as financing income or expenses. Principles of consolidation The consolidated financial statements include the accounts of the Company and its subsidiary. All intercompany balances and transactions have been eliminated in consolidation. Cash and cash equivalents The Group considers all short-term investments, which are highly liquid investments with original maturities of three months or less at the date of purchase, to be cash equivalents. Property and equipment 1. Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. When an asset is retired or otherwise disposed of, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition is reflected in the statements of operations. 2. Rates of depreciation: % Computers 33 Furniture and office equipment 7-15 Impairment of long-lived assets The Company’s long-lived assets are reviewed for impairment in accordance with ASC 360, “Property, Plant and Equipment”, whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the asset. If such asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair value. To date the Group did not incur any material impairment losses. Earnings per Common Share Earnings or loss per share (“EPS”) is the amount of earnings attributable to each share of common stock. For convenience, the term is used to refer to either earnings or loss per share. EPS is computed pursuant to ASC 260-10-45. Pursuant to ASC 260-10-45-10 through 260-10-45-16 Basic EPS is computed by dividing income available to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Income available to common stockholders shall be computed by deducting both the dividends declared in the period on preferred stock (whether or not paid) from income from continuing operations (if that amount appears in the income statement) and also from net income. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued during the period to reflect the potential dilution that could occur from common shares issuable through contingent shares issuance arrangement, stock options or warrants. Revenue recognition The Company applies the provisions of Accounting Standards Codification (or “ASC”) 606, Revenue from Contracts with Customers (“ASC 606”). The Company adopted the provisions of ASC 606 effective January 1, 2018 using the modified retrospective application method for all uncompleted contracts as of that date. The adoption of ASC 606 did not have a material impact on the Company’s consolidated financial statements. In addition, the adoption of ASC 606 had no impact on the Company’s trade receivables, deferred revenues and accumulated deficit balances balance as of December 31, 2018 or on the Company’s revenues, cost of revenues or its operating expenses during 2018, compared to ASC 605. The Company generates revenues primarily by granting customers the right to access software products through the Company’s cloud-based SaaS subscription offerings. Under a SaaS subscription agreement, the customer receives a right to access the software for a specified period of time in an environment hosted, supported, and maintained by the Company. SaaS subscription services are a single performance obligation satisfied over time, and associated revenue is generally recognized ratably over the contract term once the software is made available to the customer. The SaaS subscription offerings are typically sold with one year subscription terms, generally invoiced in advance of each annual subscription period, and are non-cancelable during the committed subscription term. Research and development expenses, net: Research and development expenses are charged to the statement of operations as incurred. Income Taxes: The Company accounts for income taxes in accordance with ASC 740, “Income Taxes”, and (“ASC 740”). ASC 740 prescribes the use of the asset and liability method whereby deferred tax asset and liability account balances are determined based on differences between the financial reporting and tax bases of assets and liabilities and for carry forward tax losses. Deferred taxes are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value if it is more-likely-than-not that some portion or all of the deferred tax asset will not be realized. In addition, ASC 740 prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The first step is to evaluate the tax position taken or expected to be taken in a tax return. This is done by determining if the weight of available evidence indicates that it is more-likely-than-not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. Contingencies The Group records accruals for loss contingencies arising from claims, litigation and other sources when it is probable that a liability has been incurred and the amount can be reasonably estimated. These accruals are adjusted periodically as assessments change or additional information becomes available. Legal costs incurred in connection with loss contingencies are expensed as incurred. Recently issued accounting pronouncements In August 2018, the FASB issued ASU No. 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715- 20).” The guidance focuses on additional disclosure of reasons for significant gains and losses to changes in the benefit obligation for the period, in addition to removal and clarification of existing disclosures. The guidance will be effective for the Company’s fiscal year beginning January 1, 2021, on a retrospective basis. The Company is currently evaluating the potential effect of the adoption of ASU 2018-04 on our financial position and results of operations. The Company does not expect the adoption of this ASU to have a material impact on the Company’s financial statements. In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820).” The guidance focuses on modification of disclosures, which includes the consideration of costs and benefits. The guidance will be effective for the Company’s fiscal year beginning January 1, 2020, including interim periods within that year. The Company does not expect the adoption of this ASU to have a material impact on the Company’s financial statements. In June 2018, the FASB issued, ASU No. 2018-07, “Compensation—Stock Compensation (Topic 718).” The guidance focuses on expansion of scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. The guidance will be effective for the Company’s fiscal year beginning January 1, 2019, including interim periods within that year. The Company is currently evaluating the potential effect of the adoption of ASU 2018-07 on our financial position and results of operations. The Company does not expect the adoption of this ASU to have a material impact on the Company’s financial statements. In January 2017, the FASB issued ASU No. 2019-10, “Intangibles—Goodwill and Other (Topic 350).” The new guidance reduces the complexity of goodwill impairment tests by no longer requiring entities to determine goodwill impairment by calculating the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination. The guidance will be effective for the Company’s fiscal year beginning January 1, 2023, including interim periods within that year on a prospective basis. The Company is currently evaluating the potential effect of the adoption of ASU 2019-10 on our financial position and results of operations. The Company does not expect the adoption of this ASU to have a material impact on the Company’s financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326).” The guidance replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The guidance will be effective for the Company’s fiscal year beginning January 1, 2023, including interim periods within that year. The Company is currently evaluating the potential effect of the adoption of ASU 2019-10 on our financial position and results of operations. The Company does not expect the adoption of this ASU to have a material impact on the Company’s financial statements.

Other Accounts Receivables

Other Accounts Receivables	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Other Accounts Receivables	Note 3. Other accounts receivables Composition: As of As of 2019 2018 Government authorities $ 118 $ 78 Other 1 - $ 119 $ 78

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 4. Property and equipment Composition: As of As of 2019 2018 Cost: Computers and related equipment $ 34 $ 34 Office furniture and equipment 9 9 43 43 Accumulated depreciation 38 38 Net book value $ 5 $ 5

Other Accounts Payable and Accr

Other Accounts Payable and Accrued Liabilities	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Other Accounts Payable and Accrued Liabilities	Note 5. Other accounts payable and accrued liabilities Composition: As of As of 2019 2018 Other payables and deferred revenues $ 91 $ 25 Accrued liabilities 149 - Other 6 - $ 246 $ 25

Temporary Equity and Stockholde

Temporary Equity and Stockholders' Deficit	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Temporary Equity and Stockholders' Deficit	Note 6. Temporary Equity and Stockholders’ deficit. Voting rights: Common shares confer the right to participate in the general meetings, to one vote per share for any purpose, to an equal part, on share basis, in distribution of dividends and to equally participate, on share basis, in distribution of excess of assets and funds from the Company and they shall not confer other privileges unless stated hereunder or in the Companies Law otherwise. Some investors have standard anti-dilutive rights, registration rights, and information and representation rights. A preferred shareholder shall have one vote for each ordinary share that would have been received if preference shares had been converted into common shares. Preferred shares (relating to Viewbix Ltd prior to the Recapitalization Transaction : Preferred shares may have been converted into ordinary shares of Viewbix Ltd at any time. The preferred shares would have automatically converted into ordinary shares if (a) the holders of at least (i) 67% (sixty seven percent) of the issued and outstanding Preferred C/C-1 shares, (ii) a majority of the issued and outstanding Preferred B shares, and (iii) a majority of the issued and outstanding Preferred A shares, so agree in writing; or (b) in the event of an IPO. The conversion price for any class or series of preferred would have been subject to adjustment, as follows: at any time, upon each issuance or deemed issuance by the Company of any new securities at a price per share less than the applicable conversion price in effect on the date of and immediately prior to the issuance of such new securities, the conversion price shall be reduced. Preferred shares had priority in the distribution of dividends and upon liquidation in accordance with the Company’s Articles of Association (“AOA”). These rights may be changed if a meeting of the Company’s stockholders gather up and decides on a change of regulations in this context. The preference mechanism for liquidation and the distribution of dividends gave priority to the most recent preferred stockholders. The preferred shares were convertible into 16,199,520 ordinary shares of the Company. Redemption The Company’s AOA do not provide redemption rights to the holders of the preferred shares. In the event of a liquidation event, all the funds and assets of the Company available for distribution among all the stockholders shall be distributed based on a certain mechanism as described in the Company’s AOA. Although the preferred shares are not redeemable, in the event of certain “deemed liquidation events” that are not solely within the Company’s control (including merger, acquisition, or sale of all or substantially all of the Company’s assets), the holders of the preferred shares would be entitled to preference amounts paid before distribution to other stockholders (as explained in the previous paragraph) and hence effectively redeeming the preference amount. In accordance with ASR 268 and ASC 480 “Distinguishing Liabilities from Equity”, the Company’s preferred shares are classified outside of stockholders’ deficit as a result of these in-substance contingent redemption rights. As of December 31, 2019 and 2018, the Company did not adjust the carrying values of the convertible preferred shares to the deemed liquidation values of such shares since a liquidation event was not probable of occurring. Share Exchange As detailed in Note 1, as part of the Recapitalization Transaction in July 2019, the Company issued 20,281,085 shares of common stock to Algomizer in exchange for its 99.83% holdings in Viewbix Israel. The number of shares prior to the reverse capitalization have been retroactively adjusted based on the equivalent number of shares received by the accounting acquirer in the Recapitalization Transaction. Warrants The following table summarizes information of outstanding warrants as of December 31, 2019: Warrants Warrant Term Exercise Price Exercisable Class G Warrants 142,857 April 2020 $ 4.20 142,857 Class H Warrants 50,000 January 2020 - March 2020 $ 2.10 50,000 Class I Warrants 38,095 January 2020 $ 2.10 38,095 Class J Warrants 3,649,318 July 2029 $ 0.48 3,649,318 Class K Warrants 3,649,318 July 2029 $ 0.80 3,649,318 In connection with the Share Exchange Agreement, upon the earlier of: (a) the launch of a live video product to an American consumer in the United States by Viewbix Israel, or (b) the launch of an interactive television product to an American consumer in the United States by Viewbix Israel, the Company will issue to Algomizer an additional 1,642,193 shares of restricted common stock of the Company. All of the Company’s warrants were concluded to meet the US GAAP criteria for equity classification and are accordingly are classified in equity.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 7. Related Party Transactions. Balances: December 31, December 31, 2019 2018 Algomizer – Parent Company Payable $ 1,611 $ 789 In May, 2018, Viewbix Israel and Algomizer entered into an agreement, pursuant to which the parties agreed to have the Viewbix Israel’s operations outsourced to Algomizer from the date of the agreement (the “Algomizer Agreement”). The following terms were included in the agreement: (a) As of May 2018 all of the Company’s employees became employees of Algomizer. (b) Between the periods of May 2018 to October 2018, Algomizer charged Viewbix all the expenses incurred in respect of these employees (see (a) above) as well as other related expenses. (c) From November 2018 until the Closing Date, the employees that transferred from the Company to Algomizer dedicated half of their time to the Company’s operations and correspondingly 50% of the costs to be incurred by Algomizer in respect of these employees are to be charged to the Company. (d) From the Closing Date, 100% of the all employee costs incurred by Algomizer that relate to the Company will be charged to the Company. No amounts were paid by the Company to Algomizer during 2019 and 2018 in respect of the above, which resulted in a parent company payable of $789 as of December 31, 2018 and $1,611 as of December 31, 2019.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8. Commitments and Contingencies During August 2019, a law suit was filed against the Company and, the parent company. Algomizer claiming that the applicants were entitled to receive shares of the Company as part of the consideration in the Company’s acquisition by Algomizer. In the opinion of the Company’s management, the applicants’ claims are based on incorrect assumptions and deals with the distribution of the internal shares between the applicants and the other former shareholders of the Company before the acquisition transaction, resulting in a consideration coming to the applicants following the acquisition transaction. The understanding of the Company and its legal advisers is that the claim may not create financial exposure to the Company. In April 2017, a lawsuit was filed by a former CEO of the Company with the Tel Aviv District Court (the “Tel Aviv Court”) against the Company claiming certain damages in the total amount of $100,000, under the assertion of wrongful termination by the Company and Emerald Israel. The Company believes these claims to be unsubstantiated and wholly without merit and accordingly filed its response with the Tel Aviv Court in October of 2017. The dispute was initially heard by the Tel Aviv Court on February 13, 2020 and a supplemental hearing has been set for March 19, 2020. As of December 31, 2019, the company’s management, in consultation with its legal advisors, believes that their claim will be successful and should the plaintiff be successful, they will be awarded an insignificant amount and therefore no amount has been provided for in these financial statements.

Revenues

Revenues	12 Months Ended
	Dec. 31, 2019
Revenues [Abstract]
Revenues	Note 9. Revenues. Year ended December 31, 2019 2018 Individual subscriptions 17 18 Enterprise subscriptions 191 234 208 252

Research and Development Expens

Research and Development Expenses	12 Months Ended
	Dec. 31, 2019
Research and Development [Abstract]
Research and development expenses	Note 10. Research and development expenses. Year ended December 31, 2019 2018 Salaries and related expense 219 253 Others 14 5 233 258

Sales and Marketing Expenses

Sales and Marketing Expenses	12 Months Ended
	Dec. 31, 2019
Sales And Marketing Expenses
Sales and Marketing Expenses	Note 11. Sales and marketing expenses. Year ended December 31, 2019 2018 Salaries and related expense 110 147 Others 147 33 257 180

General and Administrative Expe

General and Administrative Expenses	12 Months Ended
	Dec. 31, 2019
General And Administrative Expenses
General and Administrative Expenses	Note 12. General and administrative expenses. Year ended December 31, 2019 2018 Wages, salaries and related expenses 276 223 Professional fees 213 30 Depreciation 1 2 Recapitalization Transaction costs 112 - Other 118 62 720 317

Financial (Income) Expenses, Ne

Financial (Income) Expenses, Net	12 Months Ended
	Dec. 31, 2019
Investments, All Other Investments [Abstract]
Financial (Income) Expenses, Net	Note 13. Financing (income) expenses, net Year ended December 31, 2019 2018 Bank fees 3 2 Exchange rate differences 107 (22 ) Other financial income (12 ) 2 98 (18 )

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 14. Income Taxes. The Company is subject to income taxes under the Israeli and U.S. tax laws: Tax rates applicable to the income of the Company: Viewbix Inc. is taxed according to U.S. tax laws. On December 22, 2017, the U.S. enacted the Tax Cuts and Jobs Act (the “Act”), which among other provisions, reduced the U.S. corporate tax rate from 35% to 21%, effective January 1, 2018. Viewbix Israel and Israeli subsidiaries are taxed according to Israeli tax laws. The Israeli corporate tax rate is 23% in the years 2018, 2019 and onwards. Deferred income taxes: Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets are as follows: As of As of 2019 2018 Deferred R&D expenses $ 239 $ 271 Operating loss carryforward 32,443 10,784 $ 32,682 $ 11,055 Net deferred tax asset before valuation allowance $ 7,149 $ 2,543 Valuation allowance (7,149 ) (2,543 ) Net deferred tax asset $ - $ - As of December 31, 2019, the Company has provided valuation allowances of $7,149 in respect of deferred tax assets resulting from tax loss carryforward and other temporary differences. Management currently believes that because the Company has a history of losses, it is more likely than not that the deferred tax regarding the loss carryforward and other temporary differences will not be realized in the foreseeable future. Available carryforward tax losses: As of December 31, 2019, the Virtual Crypto Israel and Viewbix Israel incurred operating losses in Israel of approximately $1,229 and $13,075, respectively, which may be carried forward and offset against taxable income in the future for an indefinite period. As of December 31, 2019, the Company generated net operating losses in the U.S. of approximately $18,378. Net operating losses in the U.S. are available through 2035. Utilization of U.S. net operating losses may be subject to substantial annual limitation due to the “change in ownership” provisions of the Internal Revenue Code of 1986 and similar state provisions. The annual limitation may result in the expiration of net operating losses before utilization. Loss before taxes on income, consists of the following: For the year ended December 31 2019 2018 USA $ 113 $ (9 ) Israel 989 569 $ 1,102 $ 560 Reconciliation of Income Taxes: The following is a reconciliation of the taxes on income assuming that all income is taxed at the ordinary statutory corporate tax rate in Israel and tax incurred in income statement: For the year ended December 31 2019 2018 Net loss before tax on income $ 1,102 $ 560 Statutory tax rate 23 % 23 % Tax under statutory tax rate 253 129 Change in valuation allowance (238 ) (114 ) Taxes on income $ 15 $ 15

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 15. Subsequent Events. On January 1, 2020, the Company announced certain cost reduction measures due the Company not achieving certain revenues goals. On January 1, 2020, Mr. Jonathan Stefansky, the Company’s then chief executive officer and member of the Company’s board of directors, tendered his resignation from the Board, and on the same date the sides reached a mutual understanding whereby Mr. Stefansky would step down as chief executive officer, effective March 1, 2020. On the same date, the Company and Mr. Hillel Scheinfeld, the Company’s then chief operating officer, reached a similar mutual understanding and agreed he would step down, also effective March 1, 2020. Effective March 1, 2020, Mr. Amihay Hadad was appointed as the Chief Executive Officer and Chief Financial Officer.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Use of Estimates in the Preparation of Consolidated Financial Statements	Use of estimates in the preparation of consolidated financial statements The financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). In connection with the preparation of our financial statements, the Company is required to make assumptions and estimates about future events, and apply judgments that affect the reported amounts of assets, liabilities, revenue, expenses and the related disclosures. We base our assumptions, estimates and judgments on historical experience, current trends and other factors that management believes to be relevant at the time our consolidated financial statements are prepared. On a regular basis, management reviews the accounting policies, assumptions, estimates and judgments to ensure that our financial statements are presented fairly and in accordance with U.S. GAAP. However, because future events and their effects cannot be determined with certainty, actual results could differ from our assumptions and estimates, and such differences could be material.
Functional Currency	Functional currency The functional currency of the Company and its subsidiary is the US dollar, which is the currency of the primary economic environment in which it operates. In accordance with ASC 830, “Foreign Currency Matters” (ASC 830), balances denominated or linked to foreign currencies other than US dollar are stated on the basis of the exchange rates prevailing at the applicable balance sheet date. For foreign currency transactions included in the Consolidated Statements of Comprehensive Loss, the exchange rates applicable on the relevant transaction dates are used. Gains or losses arising from changes in the exchange rates used in the translation of such transactions are carried as financing income or expenses.
Principles of Consolidation	Principles of consolidation The consolidated financial statements include the accounts of the Company and its subsidiary. All intercompany balances and transactions have been eliminated in consolidation.
Cash and Cash Equivalents	Cash and cash equivalents The Group considers all short-term investments, which are highly liquid investments with original maturities of three months or less at the date of purchase, to be cash equivalents.
Property and Equipment	Property and equipment 1. Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. When an asset is retired or otherwise disposed of, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition is reflected in the statements of operations. 2. Rates of depreciation: % Computers 33 Furniture and office equipment 7-15
Impairment of Long-lived Assets	Impairment of long-lived assets The Company’s long-lived assets are reviewed for impairment in accordance with ASC 360, “Property, Plant and Equipment”, whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the asset. If such asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair value. To date the Group did not incur any material impairment losses.
Earnings Per Common Share	Earnings per Common Share Earnings or loss per share (“EPS”) is the amount of earnings attributable to each share of common stock. For convenience, the term is used to refer to either earnings or loss per share. EPS is computed pursuant to ASC 260-10-45. Pursuant to ASC 260-10-45-10 through 260-10-45-16 Basic EPS is computed by dividing income available to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Income available to common stockholders shall be computed by deducting both the dividends declared in the period on preferred stock (whether or not paid) from income from continuing operations (if that amount appears in the income statement) and also from net income. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued during the period to reflect the potential dilution that could occur from common shares issuable through contingent shares issuance arrangement, stock options or warrants.
Revenue Recognition	Revenue recognition The Company applies the provisions of Accounting Standards Codification (or “ASC”) 606, Revenue from Contracts with Customers (“ASC 606”). The Company adopted the provisions of ASC 606 effective January 1, 2018 using the modified retrospective application method for all uncompleted contracts as of that date. The adoption of ASC 606 did not have a material impact on the Company’s consolidated financial statements. In addition, the adoption of ASC 606 had no impact on the Company’s trade receivables, deferred revenues and accumulated deficit balances balance as of December 31, 2018 or on the Company’s revenues, cost of revenues or its operating expenses during 2018, compared to ASC 605. The Company generates revenues primarily by granting customers the right to access software products through the Company’s cloud-based SaaS subscription offerings. Under a SaaS subscription agreement, the customer receives a right to access the software for a specified period of time in an environment hosted, supported, and maintained by the Company. SaaS subscription services are a single performance obligation satisfied over time, and associated revenue is generally recognized ratably over the contract term once the software is made available to the customer. The SaaS subscription offerings are typically sold with one year subscription terms, generally invoiced in advance of each annual subscription period, and are non-cancelable during the committed subscription term.
Research and Development Expenses, Net	Research and development expenses, net: Research and development expenses are charged to the statement of operations as incurred.
Income Taxes	Income Taxes: The Company accounts for income taxes in accordance with ASC 740, “Income Taxes”, and (“ASC 740”). ASC 740 prescribes the use of the asset and liability method whereby deferred tax asset and liability account balances are determined based on differences between the financial reporting and tax bases of assets and liabilities and for carry forward tax losses. Deferred taxes are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value if it is more-likely-than-not that some portion or all of the deferred tax asset will not be realized. In addition, ASC 740 prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The first step is to evaluate the tax position taken or expected to be taken in a tax return. This is done by determining if the weight of available evidence indicates that it is more-likely-than-not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement.
Contingencies	Contingencies The Group records accruals for loss contingencies arising from claims, litigation and other sources when it is probable that a liability has been incurred and the amount can be reasonably estimated. These accruals are adjusted periodically as assessments change or additional information becomes available. Legal costs incurred in connection with loss contingencies are expensed as incurred.
Recently Issued Accounting Pronouncements	Recently issued accounting pronouncements In August 2018, the FASB issued ASU No. 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715- 20).” The guidance focuses on additional disclosure of reasons for significant gains and losses to changes in the benefit obligation for the period, in addition to removal and clarification of existing disclosures. The guidance will be effective for the Company’s fiscal year beginning January 1, 2021, on a retrospective basis. The Company is currently evaluating the potential effect of the adoption of ASU 2018-04 on our financial position and results of operations. The Company does not expect the adoption of this ASU to have a material impact on the Company’s financial statements. In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820).” The guidance focuses on modification of disclosures, which includes the consideration of costs and benefits. The guidance will be effective for the Company’s fiscal year beginning January 1, 2020, including interim periods within that year. The Company does not expect the adoption of this ASU to have a material impact on the Company’s financial statements. In June 2018, the FASB issued, ASU No. 2018-07, “Compensation—Stock Compensation (Topic 718).” The guidance focuses on expansion of scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. The guidance will be effective for the Company’s fiscal year beginning January 1, 2019, including interim periods within that year. The Company is currently evaluating the potential effect of the adoption of ASU 2018-07 on our financial position and results of operations. The Company does not expect the adoption of this ASU to have a material impact on the Company’s financial statements. In January 2017, the FASB issued ASU No. 2019-10, “Intangibles—Goodwill and Other (Topic 350).” The new guidance reduces the complexity of goodwill impairment tests by no longer requiring entities to determine goodwill impairment by calculating the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination. The guidance will be effective for the Company’s fiscal year beginning January 1, 2023, including interim periods within that year on a prospective basis. The Company is currently evaluating the potential effect of the adoption of ASU 2019-10 on our financial position and results of operations. The Company does not expect the adoption of this ASU to have a material impact on the Company’s financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326).” The guidance replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The guidance will be effective for the Company’s fiscal year beginning January 1, 2023, including interim periods within that year. The Company is currently evaluating the potential effect of the adoption of ASU 2019-10 on our financial position and results of operations. The Company does not expect the adoption of this ASU to have a material impact on the Company’s financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of Property and Equipment Rates of Depreciation	% Computers 33 Furniture and office equipment 7-15

Other Accounts Receivables (Tab

Other Accounts Receivables (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Other Accounts Receivables Composition	Composition: As of As of 2019 2018 Government authorities $ 118 $ 78 Other 1 - $ 119 $ 78

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property And Equipment
Schedule of Property and Equipment Composition	Composition: As of As of 2019 2018 Cost: Computers and related equipment $ 34 $ 34 Office furniture and equipment 9 9 43 43 Accumulated depreciation 38 38 Net book value $ 5 $ 5

Other Accounts Payable and Ac_2

Other Accounts Payable and Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Shcedule of Other Accounts Payable and Accrued Liabilities	Composition: As of As of 2019 2018 Other payables and deferred revenues $ 91 $ 25 Accrued liabilities 149 - Other 6 - $ 246 $ 25

Temporary Equity and Stockhol_2

Temporary Equity and Stockholders' Deficit (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Summary of Outstanding Warrants	The following table summarizes information of outstanding warrants as of December 31, 2019: Warrants Warrant Term Exercise Price Exercisable Class G Warrants 142,857 April 2020 $ 4.20 142,857 Class H Warrants 50,000 January 2020 - March 2020 $ 2.10 50,000 Class I Warrants 38,095 January 2020 $ 2.10 38,095 Class J Warrants 3,649,318 July 2029 $ 0.48 3,649,318 Class K Warrants 3,649,318 July 2029 $ 0.80 3,649,318

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions Tables Abstract
Schedule of Related Party Transactions	Balances: December 31, December 31, 2019 2018 Algomizer – Parent Company Payable $ 1,611 $ 789

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Dec. 31, 2019
Revenues [Abstract]
Schedule of Revenues	Year ended December 31, 2019 2018 Individual subscriptions 17 18 Enterprise subscriptions 191 234 208 252

Research and Development Expe_2

Research and Development Expenses (Tables)	12 Months Ended
	Dec. 31, 2019
Research and Development [Abstract]
Schedule of Research and Development Expenses	Year ended December 31, 2019 2018 Salaries and related expense 219 253 Others 14 5 233 258

Sales and Marketing Expenses (T

Sales and Marketing Expenses (Tables)	12 Months Ended
	Dec. 31, 2019
Sales And Marketing Expenses
Schedule of Sales and Marketing Expenses	Year ended December 31, 2019 2018 Salaries and related expense 110 147 Others 147 33 257 180

General and Administrative Ex_2

General and Administrative Expenses (Tables)	12 Months Ended
	Dec. 31, 2019
General And Administrative Expenses
Schedule of General and Administrative Expenses	Year ended December 31, 2019 2018 Wages, salaries and related expenses 276 223 Professional fees 213 30 Depreciation 1 2 Recapitalization Transaction costs 112 - Other 118 62 720 317

Financing (Income) Expenses, Ne

Financing (Income) Expenses, Net (Tables)	12 Months Ended
	Dec. 31, 2019
Financing Income Expenses Net
Schedule of Financing (Income) Expenses, Net	Year ended December 31, 2019 2018 Bank fees 3 2 Exchange rate differences 107 (22 ) Other financial income (12 ) 2 98 (18 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of Deferred Income Taxes	As of As of 2019 2018 Deferred R&D expenses $ 239 $ 271 Operating loss carryforward 32,443 10,784 $ 32,682 $ 11,055 Net deferred tax asset before valuation allowance $ 7,149 $ 2,543 Valuation allowance (7,149 ) (2,543 ) Net deferred tax asset $ - $ -
Schedule of Loss Before Taxes on Income	For the year ended December 31 2019 2018 USA $ 113 $ (9 ) Israel 989 569 $ 1,102 $ 560
Schedule of Reconciliation of Income Taxes	The following is a reconciliation of the taxes on income assuming that all income is taxed at the ordinary statutory corporate tax rate in Israel and tax incurred in income statement: For the year ended December 31 2019 2018 Net loss before tax on income $ 1,102 $ 560 Statutory tax rate 23 % 23 % Tax under statutory tax rate 253 129 Change in valuation allowance (238 ) (114 ) Taxes on income $ 15 $ 15

General (Details Narrative)

General (Details Narrative) $ / shares in Units, ₪ in Thousands, $ in Thousands	Jul. 25, 2019$ / sharesshares	Feb. 07, 2019shares	Dec. 31, 2019USD ($)		Dec. 31, 2018USD ($)		Jan. 27, 2020USD ($)	Jan. 27, 2020ILS (₪)	Jun. 25, 2019	Dec. 31, 2017USD ($)
Due to related party | $			$ 1,611		$ 789
Net loss | $			(1,117)		(575)
Stockholders' deficit | $			(1,693)	[1]	(721)	[1]				$ (395)
Negative cash flows from operations | $			$ (135)		$ 30
Convertible Notes Holders [Member]
Number of stock issued	3,434,889
Viewbix Ltd [Member]
Ownership percentage									99.83%
Algomizer Ltd [Member]
Number of stock issued	20,281,085
Warrants to purchase common stock	7,298,636
Algomizer Ltd [Member] | Warrant One [Member]
Warrants to purchase common stock	3,649,318
Warrants exercise price | $ / shares	$ 0.48
Algomizer Ltd [Member] | Warrant Two [Member]
Warrants to purchase common stock	3,649,318
Warrants exercise price | $ / shares	$ 0.80
Share Exchange Agreement [Member] | Viewbix Ltd [Member]
Ownership percentage		99.83%
Share Exchange Agreement [Member] | Algomizer Ltd [Member]
Share issued and outstanding, percentage		65.00%
Fully diluted share capital, percentage		5.00%
Restricted Common Stock [Member] | Share Exchange Agreement [Member] | Algomizer Ltd [Member]
Number of stock issued		1,642,193
Virtual Crypto Israel [Member]
Due to related party | $							$ 14,459
Virtual Crypto Israel [Member] | NIS [Member]
Due to related party | ₪								₪ 50,000
[1]	The number of shares prior to the reverse capitalization have been retroactively adjusted based on the equivalent number of shares received by the accounting acquirer in the Recapitalization Transaction.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Schedule of Property and Equipment Rates of Depreciation (Details)	Dec. 31, 2019
Computers [Member]
Rates of depreciation	33.00%
Furniture And Office Equipment [Member] | Maximum [Member]
Rates of depreciation	7.00%
Furniture And Office Equipment [Member] | Minimum [Member]
Rates of depreciation	15.00%

Other Accounts Receivable - Sch

Other Accounts Receivable - Schedule of Other Accounts Receivables Composition (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Government authorities	$ 118	$ 78
Other	1
Total	$ 119	$ 78

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment Composition (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property and equipment, gross	$ 43	$ 43
Accumulated depreciation	38	38
Property and equipment, net	5	5
Computers and Related Equipment[Member]
Property and equipment, gross	34	34
Office Furniture and Equipment [Member]
Property and equipment, gross	$ 9	$ 9

Other Accounts Payable and Ac_3

Other Accounts Payable and Accrued Lliabilities - Shcedule of Other Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Other payables and deferred revenues	$ 91	$ 25
Accrued liabilities	149
Other	6
Total other accounts payable and accrued liabilities	$ 246	$ 25

Temporary Equity and Stockhol_3

Temporary Equity and Stockholders' Deficit (Details Narrative) - shares	1 Months Ended	12 Months Ended
	Jul. 31, 2019	Dec. 31, 2019
Equity [Abstract]
Common stock shares voting description		Common shares confer the right to participate in the general meetings, to one vote per share for any purpose, to an equal part, on share basis, in distribution of dividends and to equally participate, on share basis, in distribution of excess of assets and funds from the Company and they shall not confer other privileges unless stated hereunder or in the Companies Law otherwise. Some investors have standard anti-dilutive rights, registration rights, and information and representation rights.
Preferred stock shares voting description		A preferred shareholder shall have one vote for each ordinary share that would have been received if preference shares had been converted into common shares.
Preferred shares conversion description		The preferred shares shall be automatically converted into ordinary shares if (a) the holders of at least (i) 67% (sixty seven percent) of the issued and outstanding Preferred C/C-1 shares.
Conversion of preferred stock into common shares		16,199,520
deemed to issued common shares	20,281,085
Shares exchange rate	99.83%
Number of restricted common stock shares issued		1,642,193

Temporary Equity and Stockhol_4

Temporary Equity and Stockholders' Deficit - Summary of Outstanding Warrants (Details)	12 Months Ended
	Dec. 31, 2019$ / sharesshares
Class G Warrant [Member]
Warrants	142,857
Warrant Term	April 2020
Warrant Exercise Price | $ / shares	$ 4.20
Warrant Exercisable	142,857
Class H Warrant [Member]
Warrants	50,000
Warrant Term	January 2020 - March 2020
Warrant Exercise Price | $ / shares	$ 2.10
Warrant Exercisable	50,000
Class I Warrant [Member]
Warrants	38,095
Warrant Term	January 2020
Warrant Exercise Price | $ / shares	$ 2.10
Warrant Exercisable	38,095
Class J Warrant [Member]
Warrants	3,649,318
Warrant Term	July 2029
Warrant Exercise Price | $ / shares	$ 0.48
Warrant Exercisable	3,649,318
Class K Warrant [Member]
Warrants	3,649,318
Warrant Term	July 2029
Warrant Exercise Price | $ / shares	$ 0.80
Warrant Exercisable	3,649,318

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Due to related parties	$ 1,611	$ 789
Employees [Member]
Related party description	From November 2018 until the Closing Date, the employees that transferred from the Company to Algomizer dedicated half of their time to the Company's operations and correspondingly 50% of the costs to be incurred by Algomizer in respect of these employees are to be charged to the Company.

Related Party Transactions - Sc

Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
Algomizer - Parent Company Payable	$ 1,611	$ 789

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - Tel Aviv District Court [Member] $ in Thousands	Apr. 30, 2017USD ($)
Claiming of damages value	$ 100
Loss contingency description	The Company believes these claims to be unsubstantiated and wholly without merit and accordingly filed its response with the Tel Aviv Court in October of 2017. The dispute was initially heard by the Tel Aviv Court on February 13, 2020 and a supplemental hearing has been set for March 19, 2020. As of December 31, 2019, the Company's management, in consultation with its legal advisors, believes that their claim will be successful and should the plaintiff be successful, they will be awarded an insignificant amount and therefore no amount has been provided for in these financial statements.

Revenues - Schedule of Revenues

Revenues - Schedule of Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenues	$ 208	$ 252
Individual Subscriptions [Member]
Revenues	17	18
Enterprise Subscriptions [Member]
Revenues	$ 191	$ 234

Research and Development Expe_3

Research and Development Expenses - Schedule of Research and Development Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Research and development	$ 233	$ 258
Salaries and Related Expense [Member]
Research and development	219	253
Other [Member]
Research and development	$ 14	$ 5

Sales and Marketing Expenses -

Sales and Marketing Expenses - Schedule of Sales and Marketing Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Seles and marketing expenses	$ 257	$ 180
Salaries and Related Expense [Member]
Seles and marketing expenses	110	147
Other [Member]
Seles and marketing expenses	$ 147	$ 33

General and Administrative Ex_3

General and Administrative Expenses - Schedule of General and Administrative Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
General And Administrative Expenses
Wages, salaries and related expenses	$ 276	$ 223
Professional fees	213	30
Depreciation	1	2
Recapitalization Transaction costs	112
Other	118	62
General and administrative expenses	$ 720	$ 317

Financial (Income) Expenses, _2

Financial (Income) Expenses, net - Schedule of Financing (Income) Expenses, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financial expenses (income)	$ 98	$ (18)
Bank Fees [Member]
Financial expenses (income)	3	2
Exchange Rate Differences [Member]
Financial expenses (income)	107	(22)
Other Financial Income [Member]
Financial expenses (income)	$ (12)	$ 2

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income tax examination description	On December 22, 2017, the U.S. enacted the Tax Cuts and Jobs Act (the "Act"), which among other provisions, reduced the U.S. corporate tax rate from 35% to 21%, effective January 1, 2018.
Corporate tax rate	21.00%
Deferred tax assets valuation allowance	$ 7,149	$ 2,543
Operating loss carryforwards	$ 32,443	10,784
USA [Member]
Income tax examination description	Net operating losses in the U.S. are available through 2035.
US [Member]
Operating loss carryforwards	$ 18,378
Virtual Crypto Israel [Member]
Operating loss carryforwards	$ 1,229
Viewbix Israel [Member]
Operating loss carryforwards		$ 13,075
Isreali Corporate Tax [Member]
Corporate tax rate	23.00%	23.00%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Deferred R&D expenses	$ 239	$ 271
Operating loss carryforward	32,443	10,784
Total	32,682	11,055
Net deferred tax asset before valuation allowance	7,149	2,543
Valuation allowance	(7,149)	(2,543)
Net deferred tax asset

Income Taxes - Schedule of Loss

Income Taxes - Schedule of Loss Before Taxes on Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Total loss before taxes on income	$ (1,102)	$ (560)
USA [Member]
Total loss before taxes on income	113	(9)
Israel [Member]
Total loss before taxes on income	$ 1,102	$ 560

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net loss before tax on income	$ (1,102)	$ (560)
Taxes on income	15	15
Israel [Member]
Net loss before tax on income	$ 1,102	$ 560
Statutory tax rate	23.00%	23.00%
Tax under statutory tax rate	$ 253	$ 129
Change in valuation allowance	(238)	(114)
Taxes on income	$ 15	$ 15