Viewbix (VBIX) 10-Q 15 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 14, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-15746
Entity Registrant Name	VIEWBIX INC.
Entity Central Index Key	0000797542
Entity Tax Identification Number	68-0080601
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	11 Derech Menachem Begin Street
Entity Address, City or Town	Ramat Gan
Entity Address, Country	IL
Entity Address, Postal Zip Code	5268104
City Area Code	+972
Local Phone Number	9-774-1505
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,783,964

Interim Condensed Consolidated

Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 1,771	$ 4,196
Restricted deposits	184	185
Accounts receivable	15,559	20,945
Loan to parent company	3,635	3,542
Other current assets	822	973
Total current assets	21,971	29,841
NON-CURRENT ASSETS
Severance pay funds	51	52
Deferred taxes	257	340
Property and equipment, net	284	302
Operating lease right-of-use asset	464	486
Intangible assets, net	14,599	15,313
Goodwill	17,361	17,361
Total non-current assets	33,016	33,854
Total assets	54,987	63,695
CURRENT LIABILITIES
Accounts payable	14,056	19,782
Short-term loans	4,822	5,069
Current maturities of long-term loans	1,879	1,500
Other payables	1,381	2,084
Operating lease liabilities - short term	85	87
Total current liabilities	22,223	28,522
NON-CURRENT LIABILITIES
Accrued severance pay	148	152
Long-term loans, net of current maturities	3,585	2,881
Operating lease liabilities - long term	360	388
Deferred taxes	1,712	1,853
Total non-current liabilities	5,805	5,274
Commitments and Contingencies
SHAREHOLDERS’ EQUITY
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	3	3
Additional paid-in capital	25,374	25,350
Accumulated deficit	(3,735)	(3,338)
Equity attributed to shareholders of Viewbix Inc.	21,642	22,015
Non-controlling interests	5,317	7,884
Total equity	26,959	29,899
Total liabilities and shareholders’ equity	$ 54,987	$ 63,695

Interim Condensed Consolidate_2

Interim Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	490,000,000	490,000,000
Common stock, shares issued	14,783,964	14,783,964
Common stock, shares outstanding	14,783,964	14,783,964

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements Of Operations (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenues		$ 20,862	$ 20,435
Costs and Expenses:
Traffic-acquisition and related costs		17,981	17,615
Research and development		796	848
Selling and marketing		723	620
General and administrative		704	547
Depreciation and amortization		734	586
Operating income (loss)		(76)	219
Financial expense, net		185	337
Loss before income taxes		(261)	(118)
Income tax expense		84	31
Net loss		(345)	(149)
Less: net income attributable to non-controlling interests		52	119
Net loss attributable to shareholders of Viewbix Inc.		$ (397)	$ (268)
Net income per share – Basic attributed to shareholders:		$ (0.03)	$ (0.02)
Net income per share – Diluted attributed to shareholders:		$ (0.03)	$ (0.02)
Weighted average number of shares - Basic:	[1]	14,783,964	14,783,964
Weighted average number of shares - Diluted:	[1]	15,044,630	15,044,630
[1]Share and per share data in these financial statements have been retrospectively adjusted to reflect a number of shares that is equivalent to the number of shares of the Company post the Reorganization Transaction (see note 1.B).

Interim Condensed Consolidate_4

Interim Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands		Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2021		$ 3	$ 16,074	$ (2,366)	$ 13,711	$ 4,806	$ 18,517
Balance, shares at Dec. 31, 2021	[1]	14,783,964
Net income (loss)				(268)	(268)	119	(149)
Share-based compensation			1		1		1
Adjustment to ultimate parent’s carrying values			9,227		9,227	4,101	13,328
Dividend declared to non-controlling interests						(350)	(350)
Balance at Mar. 31, 2022		$ 3	25,302	(2,634)	22,671	8,676	31,347
Balance, shares at Mar. 31, 2022	[1]	14,783,964
Balance at Dec. 31, 2022		$ 3	25,350	(3,338)	22,015	7,884	29,899
Balance, shares at Dec. 31, 2022		14,783,964
Net income (loss)				(397)	(397)	52	(345)
Share-based compensation			24		24	6	30
Transaction with the non-controlling interests						(2,625)	(2,625)
Balance at Mar. 31, 2023		$ 3	$ 25,374	$ (3,735)	$ 21,642	$ 5,317	$ 26,959
Balance, shares at Mar. 31, 2023		14,783,964
[1]Share and per share data in these financial statements have been retrospectively adjusted to reflect a number of shares that is equivalent to the number of shares of the Company post the Reorganization Transaction (see note 1.B).

Interim Condensed Consolidate_5

Interim Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from Operating Activities
Net income (loss)	$ (345)	$ (149)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortizations	734	586
Share-based compensation	30	1
Deferred taxes	(58)	(55)
Accrued interest, net	(27)	(22)
Exchange rate differences on loans		184
Changes in assets and liabilities items:
Decrease (increase) in accounts receivable	5,386	2,083
Decrease (increase) in other receivables	151	(497)
Decrease in operating lease right-of-use assets	22	20
Increase (decrease) in severance pay, net	(3)	19
Decrease in accounts payable	(5,726)	(4,019)
Decrease in other payables	(122)	(137)
Decrease in operating lease liabilities	(30)	(18)
Increase in loan from parent company		54
Net cash provided by (used in) operating activities	12	(1,950)
Cash flows from Investing Activities
Purchase of property and equipment	(2)	(39)
Cash paid to non-controlling interests (see note 1.C)	(2,625)
Capitalization of software development costs		(16)
Net cash used in investing activities	(2,627)	(55)
Cash flows from Financing Activities
Repayment of short-term loans	(247)
Receipt of long-term bank loan	1,500
Repayment of long-term bank loans	(417)	(349)
Payment of dividend to non-controlling interests	(445)	(350)
Payment of dividend to shareholders	(130)
Increase in loan to parent company	(72)	(229)
Net cash provided by (used in) financing activities	189	(928)
Decrease in cash and cash equivalents and restricted cash	(2,426)	(2,933)
Cash and cash equivalents and restricted cash at beginning of period	4,381	5,442
Cash and cash equivalents and restricted cash at end of period	1,955	2,509
Cash paid during the period
Taxes paid	185	326
Interest paid	$ (197)	$ (103)

GENERAL

GENERAL	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
GENERAL	NOTE 1: GENERAL A. Organizational Background Viewbix Inc. (formerly known as Virtual Crypto Technologies, Inc.) (the “Company”) was incorporated in the State of Delaware on August 16, 1985, under a predecessor name, The InFerGene Company (“InFerGene Company”). On August 25, 1995, a wholly owned subsidiary of InFerGene Company merged with Zaxis International, Inc., an Ohio corporation, which following such merger, the surviving entity, InFerGene Company, changed its name to Zaxis International, Inc (“Zaxis”). In 2015 the Company changed its name to Emerald Medical Applications Corp., subsequent to which the Company, through its subsidiarity, was engaged in the development of technology for use in detection of skin cancer. On January 29, 2018, the Company ceased its business operations in this field. On January 17, 2018, the Company formed a new wholly owned subsidiary under the laws of the State of Israel, Virtual Crypto Technologies Ltd. (“VCT Israel”), to develop and market software and hardware products facilitating and supporting the purchase and/or sale of cryptocurrencies. Effective as of March 7, 2018, the Company’s name was changed from Emerald Medical Applications Corp. to Virtual Crypto Technologies, Inc. VCT Israel ceased its business operation in 2019 and prior to consummation of the Recapitalization Transaction. On January 27, 2020, VCT Israel was sold to a third party for NIS 50 13 On February 7, 2019, the Company entered into a share exchange agreement (the “Share Exchange Agreement” or the “Recapitalization Transaction”) with Gix Internet Ltd., a company organized under the laws of the State of Israel (“Gix” or “Parent Company’’), pursuant to which, Gix assigned, transferred and delivered its 99.83 B. Reorganization Transaction On December 5, 2021, the Company entered into a certain Agreement and Plan of Merger with Gix Media Ltd. (“Gix Media”), an Israeli company and the majority-owned ( 77.92 On September 19, 2022, (the “Closing Date”) the Reorganization Transaction was consummated and as a result, all outstanding ordinary shares of Gix Media, having no par value (the “Gix Media Shares”) were delivered to the Company in exchange for the Company’s shares of common stock, par value $ 0.0001 As a result of the Reorganization Transaction, the former holders of Gix Media Shares, who previously held approximately 68% of the Company’s Common Stock, hold approximately 97% of the Company’s Common Stock, and Gix Media became a wholly owned subsidiary of the Company. As the Company and Gix Media Ltd. were Interim Condensed Consolidated both by the Parent Company and Medigus Ltd. (the “Ultimate Parent”), before and after the Reorganization Transaction, the Reorganization Transaction was accounted for as a transaction between entities under common control. Accordingly, the financial information of the Company and Gix Media Ltd. is presented in these financial statements, for all periods presented, reflecting the historical cost of the Company and Gix Media Ltd., as it is reflected in the consolidated financial statements of the Parent Company, for all periods preceding March 1, 2022, the date the Ultimate Parent obtained a controlling interest in the Parent Company and as it is reflected in the consolidated financial statements of the Ultimate Parent for all periods subsequent to March 1, 2022. Share and per share data in these financial statements have been retrospectively adjusted, for the three months ended March 31, 2022, to reflect a number of shares that is equivalent to the number of shares of the Company post the Reorganization Transaction. VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data) NOTE 1: GENERAL (Cont.) C. Business Overview The Company and its subsidiaries (the “Group”), Gix Media and Cortex Media Group Ltd. (“Cortex”), operate in the field of digital advertising. The Group has two main activities that are reported as separate operating segments: the search segment and the digital content segment. The search segment develops a variety of technological software solutions, which perform automation, optimization, and monetization of internet campaigns, for the purposes of obtaining and routing internet user traffic to its customers. The search segment activity is conducted by Gix Media. The digital content segment is engaged in the creation and editing of content, in different languages, for different target audiences, for the purposes of generating revenues from leading advertising platforms, including Google, Facebook, Yahoo and Apple, by utilizing such content to obtain and route internet user traffic for its customers. The digital content segment activity is conducted by Cortex. As of December 31, 2022, Gix Media holds 70 % of Cortex’s share capital. On January 23, 2023, Gix Media acquired an additional 10 80 2,625 1,500 The Subsequent Purchase, was recorded as a transaction with non-controlling interests in the Company’s statement of changes in shareholders equity for the three month period ended March 31, 2023. D. Reverse Stock Split In connection with the Closing of the Reorganization Transaction, the Company filed an Amended and Restated Certificate of Incorporation (the “Amended COI”) with the Secretary of State of Delaware, effective as of August 31, 2022, pursuant to which, concurrently with the effectiveness of the Amended COI, the Company, among other things, effected a reverse stock split of its Common Stock at a ratio of 1-for-28

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. Unaudited Interim Financial Statements The accompanying unaudited interim condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of U.S. Securities and Exchange Commission Regulation S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included (consisting only of normal recurring adjustments except as otherwise discussed). For further information, reference is made to the consolidated financial statements and footnotes thereto included in the Group’s Annual Report on Form 10-K for the year ended December 31, 2022. B. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary. All intercompany balances and transactions have been eliminated in consolidation. VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data) NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont.) C. Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. The Company evaluates on an ongoing basis its assumptions, including those related to contingencies, deferred taxes, inventory impairment, stock-based compensation, as well as in estimates used in applying the revenue recognition policy. Actual results may differ from those estimates. D. Significant Accounting Policies The significant accounting policies followed in the preparation of these unaudited interim condensed consolidated financial statements are identical to those applied in the preparation of the latest annual financial statements. E. Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Group’s condensed consolidated financial statements. VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data)

LOAN TO PARENT COMPANY

LOAN TO PARENT COMPANY	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
LOAN TO PARENT COMPANY	NOTE 3: LOAN TO PARENT COMPANY SCHEDULE OF LOAN FROM TO PARENT COMPANY As of March 31 2023 As of December 31 2022 Loan to Parent Company $ 3,635 $ 3,542 The balance with the Parent Company represents a balance of an intercompany loan under a loan agreement signed between Gix Media and the Parent Company on March 22, 2020. The loan bears interest at a rate to be determined from time to time in accordance with Section 3(j) of the Income Tax Ordinance, new version, and the Income Tax Regulations (Determination of Interest Rate for the purposes of Section 3(j), 1986) or according to a market interest rate decision as agreed between the parties. On November 20, 2022, the Company, Gix Media and the Parent Company agreed to restructure loan agreements between the parties (see note 15 in the 2022 annual financial statements) such that the Company fully repaid the loan to the Parent Company by offsetting its amount from the loan owed by the Parent Company to Gix Media. As a result, as of March 31, 2023, and December 31, 2022, the Company has no further obligations under the loan agreement with the Parent Company. For the three months ended March 31, 2023, and the year ended 2022, Gix Media recognized interest income in the amount of $ 21 143

LEASES

LEASES	3 Months Ended
	Mar. 31, 2023
Leases
LEASES	NOTE 4: LEASES On February 25, 2021, Gix Media entered into a lease agreement for a new corporate office of 479 10 67 The Company includes renewal options that it is reasonably certain to exercise in the measurement of the lease liabilities. Weighted-average remaining lease term and discount rate were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES As of March 31 2023 Operating leases weighted average remaining lease term (in years) 4.92 Operating leases weighted average discount rate 3.10 % As of December 31 2022 Operating leases weighted average remaining lease term (in years) 5.17 Operating leases weighted average discount rate 3.10 % Operating lease expenses amounted to $ 26 25 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data)

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, NET	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS, NET	NOTE 5: GOODWILL AND INTANGIBLE ASSETS, NET A. Composition: SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS Internal-use Software ( * Customer Relations Technology Goodwill Total (*) Cost: Balance as of January 1, 2023 465 6,234 11,008 17,361 35,068 Additions - - - - - Balance as of March 31, 2023 465 6,234 11,008 17,361 35,068 Accumulated amortization: Balance as of January 1, 2023 122 741 1,531 - 2,394 Amortization recognized during the period 35 222 457 - 714 Balance as of March 31, 2023 157 963 1,988 - 3,108 Amortized cost: As of March 31, 2023 308 5,271 9,020 17,361 31,960 Internal-use Software ( * Customer Relations Technology Goodwill Total Cost: Balance as of January 1, 2022 449 7,753 7,757 12,483 28,442 Cost: beginning balance 449 7,753 7,757 12,483 28,442 Adjustments to Ultimate Parent company carrying values (see note 1.B) - (1,519 ) 3,251 4,878 6,610 Additions 16 - - - 16 Balance as of December 31, 2022 465 6,234 11,008 17,361 35,068 Cost: ending balance 465 6,234 11,008 17,361 35,068 Accumulated amortization: Balance as of January 1, 2022 - 4,261 3,284 - 7,545 Accumulated amortization: beginning balance - 4,261 3,284 - 7,545 Adjustments to Ultimate Parent company carrying values (see note 1.B) - (4,457 ) (3,413 ) - (7,870 ) Amortization recognized during the year 122 937 1,660 - 2,719 Balance as of December 31, 2022 122 741 1,531 - 2,394 Accumulated amortization: ending balance 122 741 1,531 - 2,394 Amortized cost: As of December 31, 2022 343 5,493 9,477 17,361 32,674 Amortized cost 343 5,493 9,477 17,361 32,674 (*) During 2020, Gix Media engaged with a subcontractor for the development of an internal-use software (the “Software”). Gix Media capitalized its developments costs until March 1, 2022 and from this date the Software became available for use. Accordingly, Gix Media recognized amortization expenses over the estimated useful life of the Software determined to be three years. For the three months ended March 31, 2023, and the period from March 1, 2022, until December 31, 2022, Gix Media recorded amortization expenses of $ 35 and $ 122 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data)

LOANS

LOANS	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
LOANS	NOTE 6: LOANS A. Bank Financing for Cortex’s capital shares additional Purchase: On January 23, 2023, Gix Media acquired an additional 10% of Cortex’s capital shares .C 1,500 SOFR + 5.37% B. Cortex’s Loan Agreement: On September 21, 2022, Cortex and Leumi entered into an addendum to an existing loan agreement between the parties, dated August 15, 2020. As part of the addendum to the loan agreement, Leumi provided Cortex with a monthly renewable credit line of $ 1,500 . The Cortex Credit Line was determined every month at the level of 70 % of Cortex’s customers’ balance. The amounts that are drawn from the Cortex Credit Line bear an annual interest of SOFR + 3.52% (Overnight Financing Rate Secured, guaranteed daily interest as determined in accordance with the Federal Bank in New York). As of March 31, 2023 and December 31, 2022, the Cortex Credit Line was fully withdrawn (see also note 10). C. Composition of long-term loans, short-term loans, and credit lines of the Group: The following is the composition of the balance of the Group’s loans according to their nominal value: SCHEDULE OF COMPOSITION OF THE BALANCE OF THE GROUP’S LOANS Interest rate ( * As of March 31, 2023 As of December 31, 2022 Short-term loan – the Company 8 % 22 69 Short-term bank loan – Gix Media LIBOR + 3.20 % 3,300 3,500 Short-term bank loan – Cortex SOFR + 3.52 % 1,500 1,500 Long-term bank loan, including current maturity – Gix Media (received on October 13, 2021) LIBOR + 4.12 % 4,036 4,381 Long-term bank loan, including current maturity – Gix Media (received on January 23, 2023) SOFR + 5.37 % 1,428 - Bank loan 10,286 9,450 (*) The LIBOR interest rate will continue to be published until June 2023 and then will be replaced by the Secured Overnight Financing Rate (“SOFR”). D. Short term loan: On December 18, 2020, the Company entered into a loan agreement and Stock Subscription Agreement with certain Investors, pursuant to which the Investors lent an aggregate amount of $ 69 at an annual interest rate of 8 In January 2023, the Company reached an agreement with the investors that the Loan received will be repaid in 3 equal monthly payments VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 7: COMMITMENTS AND CONTINGENCIES Liens: On September 19, 2022, as part of the Reorganization Transaction terms, the Company has provided several liens under Gix Media’s Financing Agreement with Leumi in connection with the Cortex Transaction, as follows: (1) a guarantee to Bank Leumi of all of Gix Media’s obligations and undertakings to Bank Leumi unlimited in amount; (2) a subordination letter signed by the company to Leumi Bank; (3) A first ranking all asset charge over all of the assets of the Company; and (4) a Deposit Account Control Agreement over the Company’s bank accounts. Gix Media has provided several liens under the Financing Agreement with Leumi in connection with the Cortex Transaction, as follows: (1) a floating lien on Gix Media’s assets; (2) a lien on Gix Media’s bank account in Leumi; (3) a lien on Gix Media’s rights under the Cortex Transaction; (4) a fixed lien on Gix Media’s intellectual property; and (5) a lien on Gix Media’s full holdings in Cortex.

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
SHAREHOLDERS’ EQUITY	NOTE 8: SHAREHOLDERS’ EQUITY A. Shares of Common Stock: Shares of Common Stock confer the rights to: (i) participate in the general meetings, to one vote per share for any purpose, to an equal part, on share basis, (ii) in distribution of dividends and (iii) to equally participate, on share basis, in distribution of excess of assets and funds from the Company and will not confer other privileges. B. Warrants: The following table summarizes information of outstanding warrants as of March 31, 2023 and December 31, 2022: SUMMARY OF OUTSTANDING WARRANTS Warrants Warrant Term Exercise Price Exercisable Class J Warrants 130,333 July 2029 13.44 130,333 Class K Warrants 130,333 July 2029 22.40 130,333 C. Reverse Stock Split: On August 31, 2022, the Company filed the Amended COI with the Secretary of State of Delaware to affect a 28 to 1 reverse stock split of the Company’s outstanding shares of Common Stock. D. Share option plan In 2017, after the completion of Gix Media’s acquisition by the Parent Company, the Parent Company granted options to Gix Media’s employees. These options entitle the employees to purchase ordinary shares of the Parent Company that are traded on Tel-Aviv Stock Exchange. VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data) NOTE 8: SHAREHOLDERS’ EQUITY (Cont.) D. Share option plan (Cont.) On March 2, 2023, the Company’s Board of Directors (the “Board”) approved the adoption of the 2023 Stock Incentive Plan (the “2023 Plan”). The 2023 Plan permits the issuance of up to (i) 2,500,000 5 2,500,000 2,500,000 The 2023 Plan provides for the grant of stock options, restricted stock, restricted stock units, stock or other stock-based awards, under various tax regimes, including, without limitation, in compliance with Section 102 and Section 3(i) of the Israeli Income Tax Ordinance (New Version) 5271-1961, and for awards granted to United States employees or service providers, including those who are deemed to be residents of the United States for tax purposes, Section 422 and Section 409A of the United States Internal Revenue Code of 1986. In connection with the adoption of the 2023 Plan, on March 7, 2023, the Company entered into certain intercompany reimbursement agreements with two of its subsidiaries, Viewbix Israel and Gix Media (the “Recharge Agreements”). The Recharge Agreements provide for the offer of awards under the 2023 Plan to service providers of Viewbix Israel and Gix Media (the “Affiliates”) under the 2023 Plan. Under the Recharge Agreements, the Affiliates will each bear the costs of awards granted to its service providers under the 2023 Plan and will reimburse the Company upon the issuance of shares of Common Stock pursuant to an award, for the costs of shares issued, but in any event not prior to the vesting of an award. The reimbursement amount shall be equal to the lower of (a) the book expense for such award as recorded on the financial statements of one of the respective Affiliates, determined and calculated according to U.S. GAAP, or any other financial reporting standard that may be applicable in the future, or (b) the fair value of the shares of Common Stock at the time of exercise of an option or at the time of vesting of an RSU, as applicable. As of the date of approval of these financial statements, no stock-based awards were granted by the Company under 2023 Plan. E. Dividends 1. On September 14, 2022, Gix Media declared a dividend in the amount of $ 1,000 83 787 917 714 130 2. On December 25, 2022, Cortex declared a dividend in the total amount of $ 445 219 226 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data)

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 9: SEGMENT REPORTING The Group operates in two different segments in such a way that each company in the Group operates as a separate business segment. Search segment Digital content segment The segments’ results include items that directly serve and/or are used by the segment’s business activity and are directly allocated to the segment. As such they do not include depreciation and amortization expenses for intangible assets created at the time of the purchase of those companies, financing expenses created for loans taken for the purpose of purchasing those companies, and therefore these items are not allocated to the various segments. Segments’ assets and liabilities are not reviewed by the CODM and therefore were not reflected in the segment reporting. Segments revenues and operating results: SCHEDULE OF SEGMENTS REVENUES AND OPERATING RESULTS Search segment Digital content segment Adjustments (See below) For the three Revenues from external customers 5,110 15,752 - 20,862 Depreciation and amortization - - 734 734 Segment operating income (loss) 231 796 (1,103 ) (76 ) Financial (expenses) income, net (74 ) 37 (148 )(*) (185 ) Segment Income (loss), before income taxes 157 833 (1,251 ) (261 ) Search segment Digital content segment Adjustments (See below) For the three Revenues from external customers 6,036 14,399 - 20,435 Depreciation and amortization - - 586 586 Segment operating income 72 830 (683 ) 219 Financial (expenses) income, net (66 ) (14 ) (257 )( * (337 ) Segment Income (loss), before income taxes 6 816 (940 ) (118 ) VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data) NOTE 9: SEGMENT REPORTING (Cont.) The “adjustment” column for segment operating income includes unallocated selling, general, and administrative expenses and certain items which management excludes from segment results when evaluating segment performance, as follows: SCHEDULE OF RECONCILIATION BETWEEN SEGMENTS OPERATING RESULTS For the three March 31, 2023 Depreciation and amortization expenses not attributable to segments (**) $ (734 ) General and administrative not attributable to the segments (***) $ (369 ) $ (1,103 ) For the three March 31, 2022 Depreciation and amortization expenses not attributable to segments (**) $ (586 ) General and administrative not attributable to the segments (***) $ (97 ) $ (683 ) (*) Mainly consist of financial expenses from the Financing Agreement of bank loans taken for business combinations (see note 6). (**) Mainly consist of technology and customer relations amortization costs from business combinations. (***) Mainly consist of salary and related expenses, professional consulting expenses and other expenses in connection with the business combinations and the Reorganization Transaction.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10: SUBSEQUENT EVENTS On April 27, 2023, Leumi increased the Cortex Credit Line by $ 1,000

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Unaudited Interim Financial Statements	A. Unaudited Interim Financial Statements The accompanying unaudited interim condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of U.S. Securities and Exchange Commission Regulation S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included (consisting only of normal recurring adjustments except as otherwise discussed). For further information, reference is made to the consolidated financial statements and footnotes thereto included in the Group’s Annual Report on Form 10-K for the year ended December 31, 2022.
Principles of Consolidation	B. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary. All intercompany balances and transactions have been eliminated in consolidation. VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data) NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont.)
Use of estimates	C. Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. The Company evaluates on an ongoing basis its assumptions, including those related to contingencies, deferred taxes, inventory impairment, stock-based compensation, as well as in estimates used in applying the revenue recognition policy. Actual results may differ from those estimates.
Significant Accounting Policies	D. Significant Accounting Policies The significant accounting policies followed in the preparation of these unaudited interim condensed consolidated financial statements are identical to those applied in the preparation of the latest annual financial statements.
Recent Accounting Pronouncements	E. Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Group’s condensed consolidated financial statements.

LOAN TO PARENT COMPANY (Tables)

LOAN TO PARENT COMPANY (Tables)	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
SCHEDULE OF LOAN FROM TO PARENT COMPANY	SCHEDULE OF LOAN FROM TO PARENT COMPANY As of March 31 2023 As of December 31 2022 Loan to Parent Company $ 3,635 $ 3,542

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2023
Leases
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES	Weighted-average remaining lease term and discount rate were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES As of March 31 2023 Operating leases weighted average remaining lease term (in years) 4.92 Operating leases weighted average discount rate 3.10 % As of December 31 2022 Operating leases weighted average remaining lease term (in years) 5.17 Operating leases weighted average discount rate 3.10 %

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS	SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS Internal-use Software ( * Customer Relations Technology Goodwill Total (*) Cost: Balance as of January 1, 2023 465 6,234 11,008 17,361 35,068 Additions - - - - - Balance as of March 31, 2023 465 6,234 11,008 17,361 35,068 Accumulated amortization: Balance as of January 1, 2023 122 741 1,531 - 2,394 Amortization recognized during the period 35 222 457 - 714 Balance as of March 31, 2023 157 963 1,988 - 3,108 Amortized cost: As of March 31, 2023 308 5,271 9,020 17,361 31,960 Internal-use Software ( * Customer Relations Technology Goodwill Total Cost: Balance as of January 1, 2022 449 7,753 7,757 12,483 28,442 Cost: beginning balance 449 7,753 7,757 12,483 28,442 Adjustments to Ultimate Parent company carrying values (see note 1.B) - (1,519 ) 3,251 4,878 6,610 Additions 16 - - - 16 Balance as of December 31, 2022 465 6,234 11,008 17,361 35,068 Cost: ending balance 465 6,234 11,008 17,361 35,068 Accumulated amortization: Balance as of January 1, 2022 - 4,261 3,284 - 7,545 Accumulated amortization: beginning balance - 4,261 3,284 - 7,545 Adjustments to Ultimate Parent company carrying values (see note 1.B) - (4,457 ) (3,413 ) - (7,870 ) Amortization recognized during the year 122 937 1,660 - 2,719 Balance as of December 31, 2022 122 741 1,531 - 2,394 Accumulated amortization: ending balance 122 741 1,531 - 2,394 Amortized cost: As of December 31, 2022 343 5,493 9,477 17,361 32,674 Amortized cost 343 5,493 9,477 17,361 32,674 (*) During 2020, Gix Media engaged with a subcontractor for the development of an internal-use software (the “Software”). Gix Media capitalized its developments costs until March 1, 2022 and from this date the Software became available for use. Accordingly, Gix Media recognized amortization expenses over the estimated useful life of the Software determined to be three years. For the three months ended March 31, 2023, and the period from March 1, 2022, until December 31, 2022, Gix Media recorded amortization expenses of $ 35 and $ 122

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
SCHEDULE OF COMPOSITION OF THE BALANCE OF THE GROUP’S LOANS	The following is the composition of the balance of the Group’s loans according to their nominal value: SCHEDULE OF COMPOSITION OF THE BALANCE OF THE GROUP’S LOANS Interest rate ( * As of March 31, 2023 As of December 31, 2022 Short-term loan – the Company 8 % 22 69 Short-term bank loan – Gix Media LIBOR + 3.20 % 3,300 3,500 Short-term bank loan – Cortex SOFR + 3.52 % 1,500 1,500 Long-term bank loan, including current maturity – Gix Media (received on October 13, 2021) LIBOR + 4.12 % 4,036 4,381 Long-term bank loan, including current maturity – Gix Media (received on January 23, 2023) SOFR + 5.37 % 1,428 - Bank loan 10,286 9,450 (*) The LIBOR interest rate will continue to be published until June 2023 and then will be replaced by the Secured Overnight Financing Rate (“SOFR”).

SHAREHOLDERS_ EQUITY (Tables)

SHAREHOLDERS’ EQUITY (Tables)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
SUMMARY OF OUTSTANDING WARRANTS	The following table summarizes information of outstanding warrants as of March 31, 2023 and December 31, 2022: SUMMARY OF OUTSTANDING WARRANTS Warrants Warrant Term Exercise Price Exercisable Class J Warrants 130,333 July 2029 13.44 130,333 Class K Warrants 130,333 July 2029 22.40 130,333

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
SCHEDULE OF SEGMENTS REVENUES AND OPERATING RESULTS	SCHEDULE OF SEGMENTS REVENUES AND OPERATING RESULTS Search segment Digital content segment Adjustments (See below) For the three Revenues from external customers 5,110 15,752 - 20,862 Depreciation and amortization - - 734 734 Segment operating income (loss) 231 796 (1,103 ) (76 ) Financial (expenses) income, net (74 ) 37 (148 )(*) (185 ) Segment Income (loss), before income taxes 157 833 (1,251 ) (261 ) Search segment Digital content segment Adjustments (See below) For the three Revenues from external customers 6,036 14,399 - 20,435 Depreciation and amortization - - 586 586 Segment operating income 72 830 (683 ) 219 Financial (expenses) income, net (66 ) (14 ) (257 )( * (337 ) Segment Income (loss), before income taxes 6 816 (940 ) (118 )
SCHEDULE OF RECONCILIATION BETWEEN SEGMENTS OPERATING RESULTS	SCHEDULE OF RECONCILIATION BETWEEN SEGMENTS OPERATING RESULTS For the three March 31, 2023 Depreciation and amortization expenses not attributable to segments (**) $ (734 ) General and administrative not attributable to the segments (***) $ (369 ) $ (1,103 ) For the three March 31, 2022 Depreciation and amortization expenses not attributable to segments (**) $ (586 ) General and administrative not attributable to the segments (***) $ (97 ) $ (683 ) (*) Mainly consist of financial expenses from the Financing Agreement of bank loans taken for business combinations (see note 6). (**) Mainly consist of technology and customer relations amortization costs from business combinations. (***) Mainly consist of salary and related expenses, professional consulting expenses and other expenses in connection with the business combinations and the Reorganization Transaction.

GENERAL (Details Narrative)

GENERAL (Details Narrative) $ / shares in Units, ₪ in Thousands, $ in Thousands	Jan. 23, 2023 USD ($)	Sep. 19, 2022 $ / shares	Aug. 31, 2022	Mar. 31, 2023 $ / shares	Jan. 17, 2023 USD ($)	Dec. 31, 2022 $ / shares	Dec. 05, 2021	Jan. 27, 2020 USD ($)	Jan. 27, 2020 ILS (₪)	Feb. 07, 2019
Common stock, par value | $ / shares		$ 0.0001		$ 0.0001		$ 0.0001
Related party transaction description		As a result of the Reorganization Transaction, the former holders of Gix Media Shares, who previously held approximately 68% of the Company’s Common Stock, hold approximately 97% of the Company’s Common Stock, and Gix Media became a wholly owned subsidiary of the Company.
Long-term bank loan					$ 1,500
Reverse stock split			Company filed the Amended COI with the Secretary of State of Delaware to affect a 28 to 1 reverse stock split of the Company’s outstanding shares of Common Stock.
Common Stock [Member]
Reverse stock split			1-for-28
Gix Media [Member]
Business acquire percentage	10%
Business consideration	$ 2,625
Cortex [Member]
Business acquire percentage	80%
Gix Media Ltd [Member]
Ownership percentage						70%
Share Exchange Agreement [Member] | Gix Internet Ltd [Member]
Ownership percentage										99.83%
Certain Agreement [Member] | Gix Media Ltd [Member]
Ownership percentage							77.92%
Virtual Crypto Israel [Member]
Due to related party								$ 13	₪ 50

SCHEDULE OF LOAN FROM TO PARENT

SCHEDULE OF LOAN FROM TO PARENT COMPANY (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Loan to Parent Company	$ 3,635	$ 3,542

LOAN TO PARENT COMPANY (Details

LOAN TO PARENT COMPANY (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Interest income	$ 21	$ 143

SCHEDULE OF WEIGHTED AVERAGE RE

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES (Details)	Mar. 31, 2023	Dec. 31, 2022
Leases
Operating leases weighted average remaining lease term (in years)	4 years 11 months 1 day	5 years 2 months 1 day
Operating leases weighted average discount rate	3.10%	3.10%

LEASES (Details Narrative)

LEASES (Details Narrative) $ in Thousands		3 Months Ended
	Feb. 25, 2021 USD ($) ft²	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)
Payments for rent	$ 67
Operating lease expense		$ 26	$ 25
Gix Media Ltd [Member]
Area of land | ft²	479
Payments for rent	$ 10

SCHEDULE OF GOODWILL AND INTANG

SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Cost: beginning balance	$ 35,068	$ 28,442
Additions		16
Cost: ending balance	35,068	35,068
Accumulated amortization: beginning balance	2,394	7,545
Amortization recognized during the year	714	2,719
Accumulated amortization: ending balance	3,108	2,394
Amortized cost	31,960	32,674
Adjustments to Ultimate Parent company carrying values (see note 1.B)		6,610
Adjustments to Ultimate Parent company carrying values (see note 1.B)		(7,870)
Internal Software [Member]
Finite-Lived Intangible Assets [Line Items]
Cost: beginning balance	465	449
Additions		16
Cost: ending balance	465	465
Accumulated amortization: beginning balance	122
Amortization recognized during the year	35	122
Accumulated amortization: ending balance	157	122
Amortized cost	308	343
Adjustments to Ultimate Parent company carrying values (see note 1.B)
Adjustments to Ultimate Parent company carrying values (see note 1.B)
Customer Relations [Member]
Finite-Lived Intangible Assets [Line Items]
Cost: beginning balance	6,234	7,753
Additions
Cost: ending balance	6,234	6,234
Accumulated amortization: beginning balance	741	4,261
Amortization recognized during the year	222	937
Accumulated amortization: ending balance	963	741
Amortized cost	5,271	5,493
Adjustments to Ultimate Parent company carrying values (see note 1.B)		(1,519)
Adjustments to Ultimate Parent company carrying values (see note 1.B)		(4,457)
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Cost: beginning balance	11,008	7,757
Additions
Cost: ending balance	11,008	11,008
Accumulated amortization: beginning balance	1,531	3,284
Amortization recognized during the year	457	1,660
Accumulated amortization: ending balance	1,988	1,531
Amortized cost	9,020	9,477
Adjustments to Ultimate Parent company carrying values (see note 1.B)		3,251
Adjustments to Ultimate Parent company carrying values (see note 1.B)		(3,413)
Goodwill [Member]
Finite-Lived Intangible Assets [Line Items]
Cost: beginning balance	17,361	12,483
Additions
Cost: ending balance	17,361	17,361
Accumulated amortization: beginning balance
Amortization recognized during the year
Accumulated amortization: ending balance
Amortized cost	$ 17,361	17,361
Adjustments to Ultimate Parent company carrying values (see note 1.B)		4,878
Adjustments to Ultimate Parent company carrying values (see note 1.B)

SCHEDULE OF GOODWILL AND INTA_2

SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	10 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Amortization expenses	$ 714		$ 2,719
Software Development [Member]
Property, Plant and Equipment [Line Items]
Amortization expenses	$ 35	$ 122

SCHEDULE OF COMPOSITION OF THE

SCHEDULE OF COMPOSITION OF THE BALANCE OF THE GROUP’S LOANS (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Dec. 31, 2022
Bank loan		$ 10,286	$ 9,450
Short Term Bank Loan [Member]
Debt instrument interest rate	[1]	8%
The Company [Member] | Short Term Bank Loan [Member]
Bank loan		$ 22	69
Gix Media [Member] | Short Term Bank Loan [Member]
Bank loan		$ 3,300	3,500
Debt instrument description	[1]	LIBOR + 3.20
Gix Media [Member] | Long Term Bank Loan [Member]
Bank loan		$ 4,036	4,381
Debt instrument description	[1]	LIBOR + 4.12
Gix Media [Member] | Long Term Bank Loan One [Member]
Bank loan		$ 1,428
Debt instrument description	[1]	SOFR + 5.37
Cortex [Member] | Short Term Bank Loan [Member]
Bank loan		$ 1,500	$ 1,500
Debt instrument description	[1]	SOFR + 3.52
[1]The LIBOR interest rate will continue to be published until June 2023 and then will be replaced by the Secured Overnight Financing Rate (“SOFR”).

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($) $ in Thousands				1 Months Ended
	Jan. 23, 2023	Jan. 17, 2023	Sep. 21, 2022	Jan. 31, 2023	Dec. 18, 2020
Financing Receivable, Modified [Line Items]
Equal monthly payments		1,500		repaid in 3 equal monthly payments
Loan And Stock Subscription Agreement [Member] | Investors [Member]
Financing Receivable, Modified [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					8%
Debt Instrument, Face Amount					$ 69
Cortex And Leumi [Member]
Financing Receivable, Modified [Line Items]
Debt Instrument, Description	SOFR + 5.37%
Cortex And Leumi [Member] | Loan Agreement [Member]
Financing Receivable, Modified [Line Items]
Debt Instrument, Description			SOFR + 3.52%
Debt Instrument, Interest Rate, Stated Percentage			70%
Cortex And Leumi [Member] | Maximum [Member] | Loan Agreement [Member]
Financing Receivable, Modified [Line Items]
Additional line of credit			$ 1,500
Cortex Acquisition [Member]
Financing Receivable, Modified [Line Items]
Business Acquisition, Description of Acquired Entity	Gix Media acquired an additional 10% of Cortex’s capital shares

SUMMARY OF OUTSTANDING WARRANTS

SUMMARY OF OUTSTANDING WARRANTS (Details)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Class J Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants	130,333
Warrant Term	July 2029
Exercise Price | $ / shares	$ 13.44
Exercisable	130,333
Class K warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants	130,333
Warrant Term	July 2029
Exercise Price | $ / shares	$ 22.40
Exercisable	130,333

SHAREHOLDERS_ EQUITY (Details N

SHAREHOLDERS’ EQUITY (Details Narrative) - USD ($) $ in Thousands			1 Months Ended			3 Months Ended	12 Months Ended
	Sep. 14, 2022	Aug. 31, 2022	Mar. 31, 2023	Feb. 28, 2023	Jan. 31, 2023	Mar. 31, 2023	Dec. 25, 2023	Dec. 31, 2022	Mar. 02, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, voting rights						Shares of Common Stock confer the rights to: (i) participate in the general meetings, to one vote per share for any purpose, to an equal part, on share basis, (ii) in distribution of dividends and (iii) to equally participate, on share basis, in distribution of excess of assets and funds from the Company and will not confer other privileges.
Reverse stock split		Company filed the Amended COI with the Secretary of State of Delaware to affect a 28 to 1 reverse stock split of the Company’s outstanding shares of Common Stock.
Declared dividends								$ 917
Parent Company [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Dividend distribution								714
Gix Media [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Declared dividends	$ 1,000
Dividend distribution					$ 130			$ 787
Isaraeli Tax Authority [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income Taxes Paid	$ 83
Cortex [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Dividends non controling interest			$ 226	$ 219			$ 445
2023 Stock Incentive Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of share for issuance									2,500,000
Outstanding capital stock percent									5%
Common stock reserved for issuance									2,500,000
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reverse stock split		1-for-28
Common Stock [Member] | 2023 Stock Incentive Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of share for issuance									2,500,000

SCHEDULE OF SEGMENTS REVENUES A

SCHEDULE OF SEGMENTS REVENUES AND OPERATING RESULTS (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Revenues from external customers		$ 20,862	$ 20,435
Depreciation and amortization		734	586
Segment operating income		(76)	219
Financial (expenses) income, net		(185)	(337)
Segment Income (loss), before income taxes		(261)	(118)
Search Segment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers		5,110	6,036
Depreciation and amortization
Segment operating income		231	72
Financial (expenses) income, net		(74)	(66)
Segment Income (loss), before income taxes		157	6
Digital Content Segment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers		15,752	14,399
Depreciation and amortization
Segment operating income		796	830
Financial (expenses) income, net		37	(14)
Segment Income (loss), before income taxes		833	816
Adjustments [Member]
Segment Reporting Information [Line Items]
Revenues from external customers
Depreciation and amortization		734	586
Segment operating income		(1,103)	(683)
Financial (expenses) income, net	[1]	(148)	(257)
Segment Income (loss), before income taxes		$ (1,251)	$ (940)
[1]Mainly consist of financial expenses from the Financing Agreement of bank loans taken for business combinations (see note 6).

SCHEDULE OF RECONCILIATION BETW

SCHEDULE OF RECONCILIATION BETWEEN SEGMENTS OPERATING RESULTS (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Depreciation and amortization expenses not attributable to segments		$ (734)	$ (586)
General and administrative not attributable to the segments		(704)	(547)
Total		(261)	(118)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expenses not attributable to segments	[1]	(734)	(586)
General and administrative not attributable to the segments	[2]	(369)	(97)
Total		$ (1,103)	$ (683)
[1]Mainly consist of technology and customer relations amortization costs from business combinations.[2]Mainly consist of salary and related expenses, professional consulting expenses and other expenses in connection with the business combinations and the Reorganization Transaction.

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) $ in Thousands	Apr. 27, 2023 USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Line of credit	$ 1,000