Viewbix (VBIX) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Aug. 14, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
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		14,920,585

Interim Condensed Consolidated

Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 3,304	$ 4,196
Restricted deposits	182	185
Accounts receivable	18,415	20,945
Loan to parent company	3,689	3,542
Other current assets	693	973
Total current assets	26,283	29,841
NON-CURRENT ASSETS
Severance pay funds		52
Deferred taxes	211	340
Property and equipment, net	272	302
Operating lease right-of-use asset	442	486
Intangible assets, net	13,885	15,313
Goodwill	17,361	17,361
Total non-current assets	32,171	33,854
Total assets	58,454	63,695
CURRENT LIABILITIES
Accounts payable	17,345	19,782
Short-term loans	6,000	5,069
Current maturities of long-term loans	1,879	1,500
Other payables	1,285	2,084
Operating lease liabilities - short term	83	87
Total current liabilities	26,592	28,522
NON-CURRENT LIABILITIES
Accrued severance pay		152
Long-term loans, net of current maturities	3,128	2,881
Operating lease liabilities - long term	334	388
Deferred taxes	1,632	1,853
Total non-current liabilities	5,094	5,274
Commitments and Contingencies
SHAREHOLDERS’ EQUITY
Common stock of $0.0001 par value - Authorized: 490,000,000 shares; Issued and outstanding: 14,895,075 and 14,783,964 shares as of June 30, 2023 and December 31, 2022, respectively.	3	3
Additional paid-in capital	25,417	25,350
Accumulated deficit	(3,859)	(3,338)
Equity attributed to shareholders of Viewbix Inc.	21,561	22,015
Non-controlling interests	5,207	7,884
Total equity	26,768	29,899
Total liabilities and shareholders’ equity	$ 58,454	$ 63,695

Interim Condensed Consolidate_2

Interim Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 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	14,895,075	14,783,964
Common stock, shares outstanding	14,895,075	14,783,964

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements Of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenues	$ 27,154	$ 22,902		$ 48,016	$ 43,337
Costs and Expenses:
Traffic-acquisition and related costs	24,050	19,650		42,031	37,265
Research and development	717	793		1,513	1,641
Selling and marketing	715	605		1,438	1,225
General and administrative	688	329		1,392	876
Depreciation and amortization	734	729		1,468	1,315
Other expenses		35			35
Operating income	250	761		174	980
Financial expense, net	246	736		431	1,073
Income (loss) before income taxes	4	25		(257)	(93)
Income tax expense (benefit)	87	(23)		171	8
Net income (loss)	(83)	48		(428)	(101)
Less: net income attributable to non-controlling interests	41	311		93	430
Net loss attributable to shareholders of Viewbix Inc.	$ (124)	$ (263)		$ (521)	$ (531)
Net income per share – Basic attributed to shareholders:	$ (0.01)	$ (0.02)		$ (0.04)	$ (0.04)
Net income per share – Diluted attributed to shareholders:	$ (0.01)	$ (0.02)		$ (0.04)	$ (0.04)
Weighted average number of shares - Basic:	14,810,974	14,783,964	[1]	14,837,688	14,783,964	[1]
Weighted average number of shares - Diluted:	15,071,640	15,044,630	[1]	15,098,354	15,044,630	[1]
[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)				(531)	(531)	430	(101)
Share-based compensation			5		5	3	8
Adjustment to ultimate parent’s carrying values (see note 1.B)			9,227		9,227	4,101	13,328
Dividend declared to non-controlling interests						(742)	(742)
Balance at Jun. 30, 2022		$ 3	25,306	(2,897)	22,412	8,598	31,010
Balance, shares at Jun. 30, 2022	[1]	14,783,964
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
Net income (loss)				(263)	(263)	311	48
Share-based compensation			4		4	3	7
Dividend declared to non-controlling interests						(392)	(392)
Balance at Jun. 30, 2022		$ 3	25,306	(2,897)	22,412	8,598	31,010
Balance, shares at Jun. 30, 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)				(521)	(521)	93	(428)
Share-based compensation			67		67	8	75
Transaction with the non-controlling interests (see note 1.C)						(2,625)	(2,625)
Dividend declared to non-controlling interests						(153)	(153)
Balance at Jun. 30, 2023		$ 3	25,417	(3,859)	21,561	5,207	26,768
Balance, shares at Jun. 30, 2023		14,895,075
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
Net income (loss)				(124)	(124)	41	(83)
Share-based compensation			43		43	2	45
Dividend declared to non-controlling interests						(153)	(153)
Balance at Jun. 30, 2023		$ 3	$ 25,417	$ (3,859)	$ 21,561	$ 5,207	$ 26,768
Balance, shares at Jun. 30, 2023		14,895,075
[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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Cash flows from Operating Activities
Net income (loss)	$ (83)	$ 48	$ (428)	$ (101)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	734	729	1,468	1,315
Share-based compensation	45	7	75	8
Deferred taxes	(34)	(68)	(92)	(123)
Accrued interest, net	(22)	(17)	(49)	(39)
Exchange rate differences on loans		777		961
Changes in assets and liabilities items:
Decrease (increase) in accounts receivable	(2,856)	(2,086)	2,530	(3)
Decrease (increase) in other receivables	129	309	280	(188)
Decrease in operating lease right-of-use assets	22	22	44	42
Decrease in severance pay, net	(97)	(20)	(100)	(1)
Increase (decrease) in accounts payable	3,289	2,952	(2,437)	(1,067)
Decrease in other payables	(96)	(160)	(218)	(297)
Decrease in operating lease liabilities	(28)	(19)	(58)	(37)
Increase in loan from parent company		74		128
Net cash provided by operating activities	1,003	2,548	1,015	598
Cash flows from Investing Activities
Purchase of property and equipment	(8)	(6)	(10)	(45)
Cash paid to non-controlling interests (see note 1.C)			(2,625)
Capitalization of software development costs				(16)
Net cash used in investing activities	(8)	(6)	(2,635)	(61)
Cash flows from Financing Activities
Receipt of short-term bank loan	1,200	1,000	1,200	1,000
Repayment of short-term loans	(22)		(269)
Receipt of long-term bank loan			1,500
Repayment of long-term bank loans	(457)	(353)	(874)	(702)
Payment of dividend to non-controlling interests	(153)	(392)	(598)	(742)
Payment of dividend to shareholders (see note 8.E.1)			(130)
Increase in loan to parent company	(32)	(627)	(104)	(856)
Net cash provided by (used in) financing activities	536	(372)	725	(1,300)
Increase (decrease) in cash and cash equivalents and restricted cash	1,531	2,170	(895)	(763)
Cash and cash equivalents and restricted cash at beginning of period	1,955	2,509	4,381	5,442
Cash and cash equivalents and restricted cash at end of period	3,486	4,679	3,486	4,679
Cash paid during the period
Taxes paid	327	90	512	416
Interest paid	(247)	(124)	(444)	(227)
Share-based compensation to a director (see note 8.A)	$ 34		$ 34

GENERAL

GENERAL	6 Months Ended
	Jun. 30, 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 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 1: GENERAL (Cont.) B. Reorganization Transaction (Cont.) As the Company and Gix Media Ltd. were 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 six and three months ended June 30, 2022, to reflect a number of shares that is equivalent to the number of shares of the Company post the Reorganization Transaction. 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 held 70 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 six month period ended June 30, 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 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 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 subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. 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	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
LOAN TO PARENT COMPANY	NOTE 3: LOAN TO PARENT COMPANY SCHEDULE OF LOAN FROM TO PARENT COMPANY As of June 30 2023 As of December 31 2022 Loan to Parent Company $ 3,689 $ 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. The amount of the loan is in U.S. dollars. 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 June 30, 2023, and December 31, 2022, the Company has no further obligations under the loan agreement with the Parent Company. For the six months ended June 30, 2023, and the year ended 2022, Gix Media recognized interest income in the amount of $ 43 143

LEASES

LEASES	6 Months Ended
	Jun. 30, 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 June 30 2023 Operating leases weighted average remaining lease term (in years) 4.67 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 $ 51 25 Operating lease expenses amounted to $ 51 26 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	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS, NET	NOTE 5: GOODWILL AND INTANGIBLE ASSETS, NET 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 Adjustments to Ultimate Parent company carrying values (see note 1.B) - (1,519 ) 3,251 4,878 6,610 Additions - - - - - Balance as of June 30, 2023 465 6,234 11,008 17,361 35,068 Accumulated amortization: Balance as of January 1, 2023 122 741 1,531 - 2,394 Adjustments to Ultimate Parent company carrying values (see note 1.B) - (4,457 ) (3,413 ) - (7,870 ) Amortization recognized during the period 69 444 915 - 1,428 Balance as of June 30, 2023 191 1,185 2,446 - 3,822 Amortized cost: As of June 30, 2023 274 5,049 8,562 17,361 31,246 * Internal-use Software ( * ) Customer Relations Technology Goodwill Total Cost: Balance as of January 1, 2022 449 7,753 7,757 12,483 28,442 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 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 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 Ending balance 122 741 1,531 - 2,394 Amortized cost: As of December 31, 2022 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 six months ended June 30, 2023, and the period from March 1, 2022, until December 31, 2022, Gix Media recorded amortization expenses of $ 69 122 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data)

LOANS

LOANS	6 Months Ended
	Jun. 30, 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 1,500 SOFR + 5.37% B. Cortex’s Loan Agreement: On September 21, 2022, Cortex and Bank Leumi Le Israel Ltd (“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 70 SOFR + 3.52% On April 27, 2023, Leumi increased the Cortex Credit Line by $ 1,000 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 June 30, 2023 As of December 31, 2022 Short-term loan – the Company 8 % - 69 Short-term bank loan – Gix Media LIBOR + 3.20 % 3,500 3,500 Short-term bank loan – Cortex SOFR + 3.52 % 2,500 1,500 Long-term bank loan, including current maturity – Gix Media (received on October 13, 2021) LIBOR + 4.12 % 3,686 4,381 Long-term bank loan, including current maturity – Gix Media (received on January 17, 2023) SOFR + 5.37 % 1,321 - Bank loan 11,007 9,450 (*) The LIBOR interest rate was published until end of June 2023 and from July 2023 was 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 8 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 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 Leumi of all of Gix Media’s obligations and undertakings to Leumi unlimited in amount; (2) a subordination letter signed by the Company to Leumi; (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	6 Months Ended
	Jun. 30, 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 On May 18, 2023, the Company’s Board of Directors (the “Board”) approved to issue and grant 111,111 shares of restricted Common Stock (“Equity Grant”) to one of the Company’s directors (the “Director”). The Equity Grant was granted for consulting services provided to the Company by the Director, specifically in connection with securing favorable terms for a bank financing. The Company recorded a share-based compensation expense of $ 34 B. Warrants: The following table summarizes information of outstanding warrants as of June 30, 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 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, 51,020 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 3. On June 29, 2023, Cortex declared and distributed a dividend in the total amount of $ 153 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data)

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Jun. 30, 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 Group’s chief operating decision maker 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) Total For the six months ended June 30, 2023 Search segment Digital content segment Adjustments (See below) Total Revenues from external customers 10,952 37,064 - 48,016 Depreciation and amortization - - 1,468 1,468 Segment operating income (loss) 766 1,664 (2,256 ) 174 Financial expenses, net (81 ) (46 ) (*) ) (431 ) Segment Income (loss), before income taxes 685 1,618 (2,560 ) (257 ) For the six months ended June 30, 2022 Search segment Digital content segment Adjustments (See below) Total Revenues from external customers 11,898 31,439 - 43,337 Depreciation and amortization - - 1,315 1,315 Segment operating income (loss) 169 2,321 (1,510 ) 980 Financial (expenses) income, net (66 ) 26 (*) ) (1,073 ) Segment Income (loss), before income taxes 103 2,347 (2,543 ) (93 ) VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 9: SEGMENT REPORTING (Cont.) For the three months ended June 30, 2023 Search segment Digital content segment Adjustments (See below) Total Revenues from external customers 5,842 21,312 - 27,154 Depreciation and amortization - - 734 734 Segment operating income (loss) 535 868 (1,153 ) 250 Financial expenses, net (7 ) (83 ) (*) ) (246 ) Segment Income (loss), before income taxes 528 785 (1,309 ) 4 For the three months ended June 30, 2022 Search segment Digital content segment Adjustments (See below) Total Revenues from external customers 5862 17,040 - 22,902 Depreciation and amortization - - 729 729 Segment operating income (loss) 97 1,491 (827 ) 761 Financial (expenses) income, net - 40 (*) ) (736 ) Segment Income (loss), before income taxes 97 1,531 (1,603 ) 25 (*) Mainly consist of financial expenses from the Financing Agreement of bank loans taken for business combinations (see note 6). 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 six June 30, 2023 For the three June 30, 2023 Depreciation and amortization expenses not attributable to segments (**) (1,468 ) (734 ) General and administrative not attributable to the segments (***) (788 ) (419 ) (2,256 ) (1,153 ) For the six June 30, 2022 For the three June 30, 2022 Depreciation and amortization expenses not attributable to segments (**) (1,315 ) (729 ) General and administrative not attributable to the segments (***) (195 ) (98 ) (1,510 ) (827 ) (**) Mainly consist of technology and customer relations amortization costs from business combinations. (***) Mainly consist of salary and related expenses and professional consulting expenses.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10: SUBSEQUENT EVENTS On July 20, 2023, the Company granted 51,020 (1) number of Common Stock underlying the grant of RSUs: 51,020

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 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 subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
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)	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
SCHEDULE OF LOAN FROM TO PARENT COMPANY	SCHEDULE OF LOAN FROM TO PARENT COMPANY As of June 30 2023 As of December 31 2022 Loan to Parent Company $ 3,689 $ 3,542

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 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 June 30 2023 Operating leases weighted average remaining lease term (in years) 4.67 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)	6 Months Ended
	Jun. 30, 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 Adjustments to Ultimate Parent company carrying values (see note 1.B) - (1,519 ) 3,251 4,878 6,610 Additions - - - - - Balance as of June 30, 2023 465 6,234 11,008 17,361 35,068 Accumulated amortization: Balance as of January 1, 2023 122 741 1,531 - 2,394 Adjustments to Ultimate Parent company carrying values (see note 1.B) - (4,457 ) (3,413 ) - (7,870 ) Amortization recognized during the period 69 444 915 - 1,428 Balance as of June 30, 2023 191 1,185 2,446 - 3,822 Amortized cost: As of June 30, 2023 274 5,049 8,562 17,361 31,246 * Internal-use Software ( * ) Customer Relations Technology Goodwill Total Cost: Balance as of January 1, 2022 449 7,753 7,757 12,483 28,442 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 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 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 Ending balance 122 741 1,531 - 2,394 Amortized cost: As of December 31, 2022 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 six months ended June 30, 2023, and the period from March 1, 2022, until December 31, 2022, Gix Media recorded amortization expenses of $ 69 122

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2023 As of December 31, 2022 Short-term loan – the Company 8 % - 69 Short-term bank loan – Gix Media LIBOR + 3.20 % 3,500 3,500 Short-term bank loan – Cortex SOFR + 3.52 % 2,500 1,500 Long-term bank loan, including current maturity – Gix Media (received on October 13, 2021) LIBOR + 4.12 % 3,686 4,381 Long-term bank loan, including current maturity – Gix Media (received on January 17, 2023) SOFR + 5.37 % 1,321 - Bank loan 11,007 9,450 (*) The LIBOR interest rate was published until end of June 2023 and from July 2023 was replaced by the Secured Overnight Financing Rate (“SOFR”).

SHAREHOLDERS_ EQUITY (Tables)

SHAREHOLDERS’ EQUITY (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
SUMMARY OF OUTSTANDING WARRANTS	The following table summarizes information of outstanding warrants as of June 30, 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)	6 Months Ended
	Jun. 30, 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) Total For the six months ended June 30, 2023 Search segment Digital content segment Adjustments (See below) Total Revenues from external customers 10,952 37,064 - 48,016 Depreciation and amortization - - 1,468 1,468 Segment operating income (loss) 766 1,664 (2,256 ) 174 Financial expenses, net (81 ) (46 ) (*) ) (431 ) Segment Income (loss), before income taxes 685 1,618 (2,560 ) (257 ) For the six months ended June 30, 2022 Search segment Digital content segment Adjustments (See below) Total Revenues from external customers 11,898 31,439 - 43,337 Depreciation and amortization - - 1,315 1,315 Segment operating income (loss) 169 2,321 (1,510 ) 980 Financial (expenses) income, net (66 ) 26 (*) ) (1,073 ) Segment Income (loss), before income taxes 103 2,347 (2,543 ) (93 ) VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 9: SEGMENT REPORTING (Cont.) For the three months ended June 30, 2023 Search segment Digital content segment Adjustments (See below) Total Revenues from external customers 5,842 21,312 - 27,154 Depreciation and amortization - - 734 734 Segment operating income (loss) 535 868 (1,153 ) 250 Financial expenses, net (7 ) (83 ) (*) ) (246 ) Segment Income (loss), before income taxes 528 785 (1,309 ) 4 For the three months ended June 30, 2022 Search segment Digital content segment Adjustments (See below) Total Revenues from external customers 5862 17,040 - 22,902 Depreciation and amortization - - 729 729 Segment operating income (loss) 97 1,491 (827 ) 761 Financial (expenses) income, net - 40 (*) ) (736 ) Segment Income (loss), before income taxes 97 1,531 (1,603 ) 25
SCHEDULE OF RECONCILIATION BETWEEN SEGMENTS OPERATING RESULTS	SCHEDULE OF RECONCILIATION BETWEEN SEGMENTS OPERATING RESULTS For the six June 30, 2023 For the three June 30, 2023 Depreciation and amortization expenses not attributable to segments (**) (1,468 ) (734 ) General and administrative not attributable to the segments (***) (788 ) (419 ) (2,256 ) (1,153 ) For the six June 30, 2022 For the three June 30, 2022 Depreciation and amortization expenses not attributable to segments (**) (1,315 ) (729 ) General and administrative not attributable to the segments (***) (195 ) (98 ) (1,510 ) (827 ) (**) Mainly consist of technology and customer relations amortization costs from business combinations. (***) Mainly consist of salary and related expenses and professional consulting expenses.

GENERAL (Details Narrative)

GENERAL (Details Narrative) $ / shares in Units, ₪ in Thousands, $ in Thousands	Jan. 23, 2023 USD ($)	Sep. 19, 2022 $ / shares	Aug. 31, 2022	Jun. 30, 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	Jun. 30, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Loan to Parent Company	$ 3,689	$ 3,542

LOAN TO PARENT COMPANY (Details

LOAN TO PARENT COMPANY (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Related Party Transactions [Abstract]
Interest income	$ 43	$ 143

SCHEDULE OF WEIGHTED AVERAGE RE

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES (Details)	Jun. 30, 2023	Dec. 31, 2022
Leases
Operating leases weighted average remaining lease term (in years)	4 years 8 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		6 Months Ended
	Feb. 25, 2021 USD ($) ft²	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Payments for rent	$ 67
Operating lease expense		$ 25	$ 26	$ 51	$ 51
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		6 Months Ended	12 Months Ended
		Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Beginning balance		$ 35,068	$ 28,442
Adjustments to Ultimate Parent company carrying values (see note 1.B)		6,610	6,610
Additions			16
Ending balance		35,068	35,068
Beginning balance		2,394	7,545
Adjustments to Ultimate Parent company carrying values (see note 1.B)		(7,870)	(7,870)
Amortization recognized during the year		1,428	2,719
Ending balance		3,822	2,394
As of December 31, 2022		31,246	32,674
Internal Software [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	[1]	465	449
Adjustments to Ultimate Parent company carrying values (see note 1.B)	[1]
Additions	[1]		16
Ending balance	[1]	465	465
Beginning balance	[1]	122
Adjustments to Ultimate Parent company carrying values (see note 1.B)	[1]
Amortization recognized during the year	[1]	69	122
Ending balance	[1]	191	122
As of December 31, 2022	[1]	274	343
Customer Relations [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance		6,234	7,753
Adjustments to Ultimate Parent company carrying values (see note 1.B)		(1,519)	(1,519)
Additions
Ending balance		6,234	6,234
Beginning balance		741	4,261
Adjustments to Ultimate Parent company carrying values (see note 1.B)		(4,457)	(4,457)
Amortization recognized during the year		444	937
Ending balance		1,185	741
As of December 31, 2022		5,049	5,493
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance		11,008	7,757
Adjustments to Ultimate Parent company carrying values (see note 1.B)		3,251	3,251
Additions
Ending balance		11,008	11,008
Beginning balance		1,531	3,284
Adjustments to Ultimate Parent company carrying values (see note 1.B)		(3,413)	(3,413)
Amortization recognized during the year		915	1,660
Ending balance		2,446	1,531
As of December 31, 2022		8,562	9,477
Goodwill [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance		17,361	12,483
Adjustments to Ultimate Parent company carrying values (see note 1.B)		4,878	4,878
Additions
Ending balance		17,361	17,361
Beginning balance
Adjustments to Ultimate Parent company carrying values (see note 1.B)
Amortization recognized during the year
Ending balance
As of December 31, 2022		$ 17,361	$ 17,361
[1]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 six months ended June 30, 2023, and the period from March 1, 2022, until December 31, 2022, Gix Media recorded amortization expenses of $ 69 122

SCHEDULE OF GOODWILL AND INTA_2

SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS (Details) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended	10 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Amortization expenses	$ 1,428		$ 2,719
Software Development [Member]
Property, Plant and Equipment [Line Items]
Amortization expenses	$ 69	$ 122

SCHEDULE OF COMPOSITION OF THE

SCHEDULE OF COMPOSITION OF THE BALANCE OF THE GROUP’S LOANS (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2023	Dec. 31, 2022
Bank loan		$ 11,007	$ 9,450
The Company [Member] | Short Term Bank Loan [Member]
Bank loan			69
Debt instrument interest rate	[1]	8%
Gix Media [Member] | Short Term Bank Loan [Member]
Bank loan		$ 3,500	3,500
Debt instrument description	[1]	LIBOR + 3.20
Gix Media [Member] | Long Term Bank Loan [Member]
Bank loan		$ 3,686	4,381
Debt instrument description	[1]	LIBOR + 4.12
Gix Media [Member] | Long Term Bank Loan One [Member]
Bank loan		$ 1,321
Debt instrument description	[1]	SOFR + 5.37
Cortex [Member] | Short Term Bank Loan [Member]
Bank loan		$ 2,500	$ 1,500
Debt instrument description	[1]	SOFR + 3.52
[1]The LIBOR interest rate was published until end of June 2023 and from July 2023 was replaced by the Secured Overnight Financing Rate (“SOFR”).

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($) $ in Thousands	Jan. 23, 2023	Jan. 17, 2023	Jan. 17, 2023	Sep. 21, 2022	Apr. 27, 2023	Dec. 18, 2020
Financing Receivable, Modified [Line Items]
Debt Instrument, Frequency of Periodic Payment			1,500
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%
Line of credit					$ 1,000
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)	6 Months Ended
	Jun. 30, 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 ($)

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 29, 2023

Mar. 02, 2023

Sep. 14, 2022

Aug. 31, 2022

Mar. 31, 2023

Feb. 28, 2023

Jan. 31, 2023

Aug. 18, 2023

Jun. 30, 2023

Jun. 30, 2022

Jun. 30, 2023

Jun. 30, 2022

Dec. 25, 2023

Dec. 31, 2022

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

Share based compensation

$ 45,000

$ 7,000

$ 75,000

$ 8,000

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

$ 917,000

Parent Company [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Dividend distribution

714,000

Gix Media [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Declared dividends

$ 1,000,000

Dividend distribution

$ 130,000

$ 787,000

Isaraeli Tax Authority [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Income Taxes Paid

$ 83,000

Cortex [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Dividends non controling interest

$ 153,000

$ 226,000

$ 219,000

$ 445,000

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

Number of share for grant

51,020

General and Administrative Expense [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Share based compensation

$ 34

SCHEDULE OF SEGMENTS REVENUES A

SCHEDULE OF SEGMENTS REVENUES AND OPERATING RESULTS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Revenues from external customers	$ 27,154	$ 22,902	$ 48,016	$ 43,337
Depreciation and amortization	734	729	1,468	1,315
Segment operating income (loss)	250	761	174	980
Financial (expenses) income, net	(246)	(736)	(431)	(1,073)
Segment Income (loss), before income taxes	4	25	(257)	(93)
Search Segment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	5,842	5,862	10,952	11,898
Depreciation and amortization
Segment operating income (loss)	535	97	766	169
Financial (expenses) income, net	(7)		(81)	(66)
Segment Income (loss), before income taxes	528	97	685	103
Digital Content Segment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	21,312	17,040	37,064	31,439
Depreciation and amortization
Segment operating income (loss)	868	1,491	1,664	2,321
Financial (expenses) income, net	(83)	40	(46)	26
Segment Income (loss), before income taxes	785	1,531	1,618	2,347
Adjustments [Member]
Segment Reporting Information [Line Items]
Revenues from external customers
Depreciation and amortization	734	729	1,468	1,315
Segment operating income (loss)	(1,153)	(827)	(2,256)	(1,510)
Segment Income (loss), before income taxes	$ (1,309)	$ (1,603)	$ (2,560)	$ (2,543)

SCHEDULE OF RECONCILIATION BETW

SCHEDULE OF RECONCILIATION BETWEEN SEGMENTS OPERATING RESULTS (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Depreciation and amortization expenses not attributable to segments		$ (734)	$ (729)	$ (1,468)	$ (1,315)
General and administrative not attributable to the segments		(688)	(329)	(1,392)	(876)
Total		4	25	(257)	(93)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expenses not attributable to segments	[1]	(734)	(729)	(1,468)	(1,315)
General and administrative not attributable to the segments	[2]	(419)	(98)	(788)	(195)
Total		$ (1,153)	$ (827)	$ (2,256)	$ (1,510)
[1]Mainly consist of technology and customer relations amortization costs from business combinations.[2]Mainly consist of salary and related expenses and professional consulting expenses.

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Restricted Stock Units (RSUs) [Member] - Subsequent Event [Member]	Jul. 20, 2023 shares
Subsequent Event [Line Items]
Shares, granted	51,020
Share based arrangement, description	(1) number of Common Stock underlying the grant of RSUs: 51,020 (2) Vesting Commencement Date: July 1, 2023 (3) vesting schedule: 50% of the RSUs will vest immediately upon the Vesting Commencement Date and the remaining 50% of the RSUs will vest 12 months after the Vesting Commencement Date, provided, in each case, that the Grantee remains continuously as a Service Provider (as defined under the 2023 Plan) of Gix Media or its affiliates throughout each such vesting date
Common Stock [Member]
Subsequent Event [Line Items]
Shares, granted	51,020