Viewbix (VBIX) 10-Q 20 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	May 19, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
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	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 1,284	$ 1,774
Restricted deposits	86	149
Accounts receivable	7,004	11,359
Loan to parent company	3,808	3,752
Other current assets	623	771
Total current assets	12,805	17,805
NON-CURRENT ASSETS
Deferred taxes	144	147
Property and equipment, net	230	245
Operating lease right-of-use asset	374	397
Intangible assets, net	11,715	12,434
Goodwill	12,254	12,254
Total non-current assets	24,717	25,477
Total assets	37,522	43,282
CURRENT LIABILITIES
Accounts payable	8,407	12,359
Short-term loans	4,357	5,000
Current maturities of long-term loans	2,065	1,440
Other payables	988	889
Operating lease liabilities - short term	83	85
Total current liabilities	15,900	19,773
NON-CURRENT LIABILITIES
Long-term loans, net of current maturities	2,441	3,064
Operating lease liabilities - long term	281	304
Deferred taxes	1,433	1,517
Total non-current liabilities	4,155	4,885
Commitments and Contingencies
SHAREHOLDERS’ EQUITY
Common stock of $0.0001 par value - Authorized: 490,000,000 shares; Issued and outstanding: 14,920,585 shares as of March 31, 2024, and December 31, 2023.	3	3
Additional paid-in capital	25,482	25,476
Accumulated deficit	(11,660)	(10,661)
Equity attributed to shareholders of Viewbix Inc.	13,825	14,818
Non-controlling interests	3,642	3,806
Total equity	17,467	18,624
Total liabilities and shareholders’ equity	$ 37,522	$ 43,282

Interim Condensed Consolidate_2

Interim Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
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	14,920,585	14,920,585
Common stock, shares outstanding	14,920,585	14,920,585

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 10,002	$ 20,862
Costs and Expenses:
Traffic-acquisition and related costs	8,215	17,981
Research and development	730	796
Selling and marketing	658	723
General and administrative	656	704
Depreciation and amortization	734	734
Other expenses	20
Operating loss	(1,011)	(76)
Financial expense, net	163	185
Loss before income taxes	(1,174)	(261)
Income tax expense	1	84
Net loss	(1,175)	(345)
Less: net income (loss) attributable to non-controlling interests	(176)	52
Net loss attributable to shareholders of Viewbix Inc.	$ (999)	$ (397)
Net income per share - Basic attributed to shareholders	$ (0.07)	$ (0.03)
Net income per share - Diluted attributed to shareholders	$ (0.07)	$ (0.03)
Weighted average number of shares - Basic	14,920,585	14,783,964
Weighted average number of shares - Diluted	14,920,585	14,783,964

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, 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 (see note 1.C)					(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
Balance at Dec. 31, 2023	$ 3	25,476	(10,661)	14,818	3,806	18,624
Balance, shares at Dec. 31, 2023	14,920,585
Net income (loss)			(999)	(999)	(176)	(1,175)
Share-based compensation		6		6	12	18
Balance at Mar. 31, 2024	$ 3	$ 25,482	$ (11,660)	$ 13,825	$ 3,642	$ 17,467
Balance, shares at Mar. 31, 2024	14,920,585

Interim Condensed Consolidate_5

Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from Operating Activities
Net loss	$ (1,175)	$ (345)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortizations	734	734
Share-based compensation	18	30
Deferred taxes	(81)	(58)
Accrued interest, net	14	(6)
Interest income	(39)	(21)
Amortization of loan discount	2
Changes in assets and liabilities items:
Decrease in accounts receivable	4,355	5,386
Decrease in other current assets	148	151
Decrease in operating lease right-of-use asset	23	22
Decrease in severance pay, net		(3)
Decrease in accounts payable	(3,952)	(5,726)
Increase (decrease) in other payables	85	(122)
Decrease in operating lease liabilities	(25)	(30)
Net cash provided by operating activities	107	12
Cash flows from Investing Activities
Purchase of property and equipment		(2)
Net cash used in investing activities		(2)
Cash flows from Financing Activities
Cash paid to non-controlling interests (see note 1.C)		(2,625)
Receipt of short-term bank loan	100
Repayment of short-term loans	(743)	(247)
Receipt of long-term bank loan		1,500
Repayment of long-term bank loans		(417)
Payment of dividend to non-controlling interests		(445)
Payment of dividend to shareholders		(130)
Increase in loan to parent company	(17)	(72)
Net cash used in financing activities	(660)	(2,436)
Decrease in cash and cash equivalents and restricted cash	(553)	(2,426)
Cash and cash equivalents and restricted cash at beginning of period	1,923	4,381
Cash and cash equivalents and restricted cash at end of period	1,370	1,955
Cash paid during the period
Taxes paid	54	185
Interest paid	205	197
Total Cash paid during the period	$ 259	$ 382

GENERAL

GENERAL	3 Months Ended
	Mar. 31, 2024
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.) 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 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. 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. 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 months ended March 31, 2023. VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 1: GENERAL (Cont.) D. Impact of the “Iron Swords” War on Israel On October 7, 2023, following the brutal attacks on Israel by Hamas, a terrorist organization located in the Gaza Strip that infiltrated Israel’s southern border and conducted a series of attacks on civilian and military targets, Israel’s security cabinet declared war (the “War”). Following the commencement of the War, hostilities also intensified between Israel and Hezbollah, a terrorist organization located in Lebanon. This may escalate in the future into a greater regional conflict. The War led to a reduction of business activities in Israel, evacuation of residences located in the northern and southern borders of Israel, a significant call up of military reserves and lower availability of work force. The Group’s activities are not directly affected by the War, as its customers are predominantly from the US or Europe, markets that were not influenced by the War. However, as a result of the War, the Group’s operations were affected due to the recruitment of some of the Group’s senior employees to reserves, including the CEO of Gix Media. The absence of senior employees for an extended period affected customer relationship and operational and functional continuity and delayed some of the Company’s plans for the fourth quarter of 2023. These effects indirectly contributed to a decline in the Company’s revenues, profitability, and cash flow. The Company has hired skilled employees to replace those who were recruited to military reserves. however, there is no assurance that future developments of the War will not have any impact for reasons beyond the Company’s control such as expansion of the War to additional regions and the recruitment of more senior employees. The Company has business continuity procedures in place, and will continue to follow developments, assessing potential impact, if any, on the Company’s business, financials and operations. E. Going Concern The Company experienced a decrease in its revenues from the digital content and search segments as a result of a decrease in user traffic acquired from third party advertising platforms, an industry-wide decrease in advertising budget, changes and updates to internet browsers’ technology and other changes in the online advertising industry during the second half of 2023 and the three months ended March 31, 2024. As a result of the foregoing, during the three months ended March 31, 2024, the Company recorded an operating loss of $ 1,011 compared to an operating loss of $ 76 in the same period last year. Additionally, the Company recorded a net loss of $ 1,175 compared to $ 345 in the same period last year. As of March 31, 2024, the Company had cash and cash equivalents of $ 1,284 8,427 11,660 . Additionally, subsequent to the balance sheet date, a significant customer notified Cortex it will stop advertising on Cortex’s websites (see also note 10). While subsequent to the balance sheet date Cortex has successfully taken steps to implement certain adjustments to its business model in response to such conditions, the decline in revenues and other circumstances described above raise substantial doubts about the Company’s ability to continue as a going concern during the 12-month period following the issuance date of these financial statements. Management’s plans in response to these conditions include reducing operating expenses, creating new income sources, seeking additional liquidity opportunities to ensure the Company’s continued operations and raising funds through issuance of debt or equity from various potential investors. However, there is significant uncertainty as to whether the Company will succeed in implementing its plans, or be able to secure sufficient funds when needed. These financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. 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	3 Months Ended
	Mar. 31, 2024
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, 2023. 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 interim 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, 2024
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 2024 As of December 31 2023 Loan to Parent Company $ 3,808 $ 3,752 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 March 20, 2024, the Company’s board of directors approved to extend the loan between Gix Media and the Parent Company by 6 months until July 1, 2024. All other terms and conditions of the loan remained unchanged. For the three months ended March 31, 2024 and 2023, Gix Media recognized interest income in the amount of $ 39 21

LEASES

LEASES	3 Months Ended
	Mar. 31, 2024
Leases
LEASES	NOTE 4: LEASES On February 25, 2021, Gix Media entered into a lease agreement for a new corporate office of 479 10 The lease period is for 36 months (the “initial lease period”) with an option by the Company to extend the lease period for two additional terms of 24 months each. 67 The Company includes renewal options that it is reasonably certain to exercise in the measurement of the lease liabilities. In December 2023, the Company exercised the option to extend the lease period for an additional term of 24 months (from March 1, 2024, to February 28, 2026 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 2024 Operating leases weighted average remaining lease term (in years) 3.92 Operating leases weighted average discount rate 3.10 % As of December 31 2023 Operating leases weighted average remaining lease term (in years) 4.17 Operating leases weighted average discount rate 3.10 % Operating lease expenses amounted to $ 28 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	3 Months Ended
	Mar. 31, 2024
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, 2024 465 6,234 11,008 12,254 29,961 Additions - - - Balance as of March 31, 2024 465 6,234 11,008 12,254 29,961 Accumulated amortization: Balance as of January 1, 2024 276 1,631 3,366 - 5,273 Amortization recognized during the period 38 222 459 - 719 Balance as of March 31, 2024 314 1,853 3,825 - 5,992 Amortized cost: As of March 31, 2024 151 4,381 7,183 12,254 23,969 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 - - - - - Impairment of goodwill - - - (5,107 ) (5,107 ) Balance as of December 31, 2023 465 6,234 11,008 12,254 29,961 Accumulated amortization: Balance as of January 1, 2023 122 741 1,531 - 2,394 Amortization recognized during the year 154 890 1,835 - 2,879 Balance as of December 31, 2023 276 1,631 3,366 - 5,273 Amortized cost: As of December 31, 2023 189 4,603 7,642 12,254 24,688 (*) As of December 31, 2023, the Company recognized indicators of impairment of the digital content reporting unit. As a result, the Company performed an impairment test which included a quantitative analysis of the fair value of the reporting unit and compared the fair value of the reporting unit to its carrying amount. As the carrying amount exceeded the fair value, the Company recognized an impairment loss of $ 5,107 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, 2024
Receivables [Abstract]
LOANS	NOTE 6: LOANS A. Composition of long-term and short-term loans of the Group: SCHEDULE OF COMPOSITION OF BALANCE OF GROUP’S LOANS Interest rate As of March 31, 2024 As of December 31, 2023 Short-term bank loan – Gix Media SOFR + 4.08 % 3,057 3,500 Short-term bank loan – Cortex SOFR + 3.93 % 1,300 1,500 Short-term bank loan SOFR + 3.93 % 1,300 1,500 Long-term bank loan, including current maturity – Gix Media (received on October 13, 2021) SOFR + 4.12 % 2,963 2,963 Long-term bank loan, including current maturity – Gix Media (received on January 17, 2023) SOFR + 5.37 % 1,107 1,107 Long-term loan – Viewbix Israel 9 % 436 434 Long-term loan 9 % 436 434 Bank Loan 8,863 9,504 B. Bank Financing for Cortex’s capital shares additional Purchase: On January 23, 2023, Gix Media acquired an additional 10 1,500 SOFR + 5.37 C. 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 (“Cortex Loan Agreement”). As part of the addendum to the Cortex 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 2,500 September 20, 2024 SOFR + 4.08 As of March 31, 2024, Cortex has drawn $ 1,300 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data) NOTE 6: LOANS (Cont.) D. Long term loan and issuance of warrants: On November 15, 2023, Viewbix Israel entered into a Loan Agreement (the “2023 Loan”) with certain lenders (the “Lenders”) whereby the Lenders provided Viewbix Israel with loans in the aggregate amount of $ 480 200 9 two years January 1, 2024 During the Repayment Period, for the first 12 months, Viewbix Israel will repay the interest on a quarterly basis and for the remaining 12 months, Viewbix Israel will repay the principal amount on a quarterly basis (in 4 equal payments) along with the interest. In connection with the 2023 Loan, the Company issued to each lender a warrant to purchase shares of Common Stock (the “2023 Warrants”). The 2023 Warrants are exercisable to 480,000 0.50 December 31, 2025 The Company allocated the total amount of $ 480 55 The allocation of the total proceeds of $ 480 SCHEDULE OF FAIR VALUE DISTRIBUTION OF LIABILITY AND EQUITY COMPONENTS Instrument Fair Value % of Fair Allocated Loan 428 88.63 425 Warrants 55 11.37 55 Total 483 100.00 480 The composition of long-term loan balance as of the transaction is as follows: SCHEDULE OF COMPOSITION OF LONG TERM LOAN Loan 480 Discount (55 ) Long term loan, net 425 For the three months ended March 31, 2024, the Company recorded amortization expenses of $ 2 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, 2024
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. Gix Media restricted deposits in the amount of $ 52 34

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2024
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 34 B. Warrants: The following table summarizes information of outstanding warrants as of March 31, 2024: SCHEDULE 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 2023 Warrants (see note 6.D) 480,000 December 2025 0.50 480,000 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data) NOTE 8: SHAREHOLDERS’ EQUITY (Cont.) C. 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. 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 employees or 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 employees or 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 will 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. On July 20, 2023, the Company granted 51,020 (1) 51,020 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited U.S. dollars in thousands (except share data) NOTE 8: SHAREHOLDERS’ EQUITY (Cont.) C. Share option plan (Cont.) In July 2023, following the Grant and upon the vesting of the First Tranche, the Company issued 25,510 25 D. Dividends On September 14, 2022, Gix Media declared a dividend to its shareholders prior to the consummation of the Reorganization Transaction in the amount of $ 1,000 83 787 917 714 130 On December 25, 2022, Cortex declared a dividend in the total amount of $ 445 219 226 No 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, 2024
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 9: SEGMENT REPORTING The Group operates in two 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) For the three Revenues from external customers 2,472 7,530 - 10,002 Depreciation and amortization - - 734 734 Segment operating income (loss) 462 (385 ) (1,088 ) (1,011 ) Financial (expenses) income, net 1 (14 ) (150 ) (*) (163 ) Segment Income (loss), before income taxes 463 (399 ) (1,238 ) (1,174 ) 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 ) (*) 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 three March 31, 2024 Depreciation and amortization expenses not attributable to segments (**) $ (734 ) General and administrative not attributable to the segments (***) $ (354 ) $ (1,088 ) 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 ) (*) 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 and professional consulting expenses.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10: SUBSEQUENT EVENTS In April 2024, the Company was informed by Cortex that a significant customer of Cortex recently notified Cortex it will stop advertising on Cortex’s sites, as part of its policy decision to cease advertising on Made for Advertising (“MFA”) sites (the “Cortex Adverse Effect”). The Cortex Adverse Effect, which has materially affected Cortex’s business and operations, has occurred following certain recent developments relating to publishers that are categorized by a number of on-line advertisers as MFA, including decisions made by leading media on-line advertisers to prioritize different media categories and implement publishing restrictions in connection with MFA. Following the Cortex Adverse Effect, the Company and the bank in which Cortex’s and Gix Media’s accounts, credit facilities, and loans are maintained approved on May 20, 2024 a debt restructuring program pursuant to which, inter alia, the credit lines to Cortex were increased to 80% of the balance of Cortex’s customers (up to a limit of $ 2 300 1.25

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
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, 2023.
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 interim 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 (Tables)

LOAN TO PARENT COMPANY (Tables)	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
SCHEDULE OF LOAN FROM TO PARENT COMPANY	SCHEDULE OF LOAN FROM TO PARENT COMPANY As of March 31 2024 As of December 31 2023 Loan to Parent Company $ 3,808 $ 3,752

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2024
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 2024 Operating leases weighted average remaining lease term (in years) 3.92 Operating leases weighted average discount rate 3.10 % As of December 31 2023 Operating leases weighted average remaining lease term (in years) 4.17 Operating leases weighted average discount rate 3.10 %

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 465 6,234 11,008 12,254 29,961 Additions - - - Balance as of March 31, 2024 465 6,234 11,008 12,254 29,961 Accumulated amortization: Balance as of January 1, 2024 276 1,631 3,366 - 5,273 Amortization recognized during the period 38 222 459 - 719 Balance as of March 31, 2024 314 1,853 3,825 - 5,992 Amortized cost: As of March 31, 2024 151 4,381 7,183 12,254 23,969 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 - - - - - Impairment of goodwill - - - (5,107 ) (5,107 ) Balance as of December 31, 2023 465 6,234 11,008 12,254 29,961 Accumulated amortization: Balance as of January 1, 2023 122 741 1,531 - 2,394 Amortization recognized during the year 154 890 1,835 - 2,879 Balance as of December 31, 2023 276 1,631 3,366 - 5,273 Amortized cost: As of December 31, 2023 189 4,603 7,642 12,254 24,688 (*) As of December 31, 2023, the Company recognized indicators of impairment of the digital content reporting unit. As a result, the Company performed an impairment test which included a quantitative analysis of the fair value of the reporting unit and compared the fair value of the reporting unit to its carrying amount. As the carrying amount exceeded the fair value, the Company recognized an impairment loss of $ 5,107

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
SCHEDULE OF COMPOSITION OF BALANCE OF GROUP’S LOANS	SCHEDULE OF COMPOSITION OF BALANCE OF GROUP’S LOANS Interest rate As of March 31, 2024 As of December 31, 2023 Short-term bank loan – Gix Media SOFR + 4.08 % 3,057 3,500 Short-term bank loan – Cortex SOFR + 3.93 % 1,300 1,500 Short-term bank loan SOFR + 3.93 % 1,300 1,500 Long-term bank loan, including current maturity – Gix Media (received on October 13, 2021) SOFR + 4.12 % 2,963 2,963 Long-term bank loan, including current maturity – Gix Media (received on January 17, 2023) SOFR + 5.37 % 1,107 1,107 Long-term loan – Viewbix Israel 9 % 436 434 Long-term loan 9 % 436 434 Bank Loan 8,863 9,504
SCHEDULE OF FAIR VALUE DISTRIBUTION OF LIABILITY AND EQUITY COMPONENTS	The allocation of the total proceeds of $ 480 SCHEDULE OF FAIR VALUE DISTRIBUTION OF LIABILITY AND EQUITY COMPONENTS Instrument Fair Value % of Fair Allocated Loan 428 88.63 425 Warrants 55 11.37 55 Total 483 100.00 480
SCHEDULE OF COMPOSITION OF LONG TERM LOAN	The composition of long-term loan balance as of the transaction is as follows: SCHEDULE OF COMPOSITION OF LONG TERM LOAN Loan 480 Discount (55 ) Long term loan, net 425

SHAREHOLDERS_ EQUITY (Tables)

SHAREHOLDERS’ EQUITY (Tables)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
SCHEDULE OF OUTSTANDING WARRANTS	The following table summarizes information of outstanding warrants as of March 31, 2024: SCHEDULE 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 2023 Warrants (see note 6.D) 480,000 December 2025 0.50 480,000

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2024
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 2,472 7,530 - 10,002 Depreciation and amortization - - 734 734 Segment operating income (loss) 462 (385 ) (1,088 ) (1,011 ) Financial (expenses) income, net 1 (14 ) (150 ) (*) (163 ) Segment Income (loss), before income taxes 463 (399 ) (1,238 ) (1,174 ) 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 ) (*) Mainly consist of financial expenses from the Financing Agreement of bank loans taken for business combinations (see note 6).
SCHEDULE OF RECONCILIATION BETWEEN SEGMENTS OPERATING RESULTS	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, 2024 Depreciation and amortization expenses not attributable to segments (**) $ (734 ) General and administrative not attributable to the segments (***) $ (354 ) $ (1,088 ) 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 ) (*) 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 and professional consulting expenses.

GENERAL (Details Narrative)

GENERAL (Details Narrative) $ / shares in Units, ₪ in Thousands, $ in Thousands						3 Months Ended
	Jan. 23, 2023 USD ($)	Sep. 19, 2022 $ / shares	Aug. 31, 2022	Jan. 27, 2020 USD ($)	Jan. 27, 2020 ILS (₪)	Mar. 31, 2024 USD ($) $ / shares	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) $ / shares	Jan. 17, 2023 USD ($)	Dec. 05, 2021	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.
Reverse stock split			reverse stock split of its Common Stock at a ratio of 1-for-28
Operating Income (Loss)						$ 1,011	$ 76
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest						1,175	$ 345
Cash equivalents						1,284
Bank loans						8,427
Retained Earnings (Accumulated Deficit)						$ 11,660		$ 10,661
Cortex Media Group Ltd [Member]
Business acquire percentage	10%
Business consideration	$ 2,625
Gix Media Ltd [Member]
Ownership percentage	80%									77.92%
Long-term bank loan									$ 1,500
Share Exchange Agreement [Member] | Gix Internet Ltd [Member]
Ownership percentage											99.83%
Virtual Crypto Israel [Member]
Proceeds from sale				$ 13	₪ 50

SCHEDULE OF LOAN FROM TO PARENT

SCHEDULE OF LOAN FROM TO PARENT COMPANY (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Related Party Transactions [Abstract]
Loan to Parent Company	$ 3,808	$ 3,752

LOAN TO PARENT COMPANY (Details

LOAN TO PARENT COMPANY (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Related Party Transactions [Abstract]
Interest income	$ 39	$ 21

SCHEDULE OF WEIGHTED AVERAGE RE

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES (Details)	Mar. 31, 2024	Dec. 31, 2023
Leases
Operating leases weighted average remaining lease term (in years)	3 years 11 months 1 day	4 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 ($) ft²	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)
Operating lease expense		$ 28	$ 26
Gix Media Ltd [Member]
Area of land | ft²	479
Operating lease base monthly rent	$ 10
Lease description	The lease period is for 36 months (the “initial lease period”) with an option by the Company to extend the lease period for two additional terms of 24 months each.
Rent fee discount	$ 67
Lease extended maturiy date	Feb. 28, 2026

SCHEDULE OF GOODWILL AND INTANG

SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Balance as of January 1, 2023		$ 29,961	$ 35,068
Additions
Balance as of December 31, 2023		29,961	29,961
Balance as of January 1, 2023		5,273	2,394
Amortization recognized during the year		719	2,879
Balance as of December 31, 2023		5,992	5,273
As of December 31, 2023		23,969	24,688
Impairment of goodwill			(5,107)
Internal Software [Member]
Finite-Lived Intangible Assets [Line Items]
Balance as of January 1, 2023		465	465
Additions
Balance as of December 31, 2023		465	465
Balance as of January 1, 2023		276	122
Amortization recognized during the year		38	154
Balance as of December 31, 2023		314	276
As of December 31, 2023		151	189
Impairment of goodwill
Customer Relations [Member]
Finite-Lived Intangible Assets [Line Items]
Balance as of January 1, 2023		6,234	6,234
Additions
Balance as of December 31, 2023		6,234	6,234
Balance as of January 1, 2023		1,631	741
Amortization recognized during the year		222	890
Balance as of December 31, 2023		1,853	1,631
As of December 31, 2023		4,381	4,603
Impairment of goodwill
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Balance as of January 1, 2023		11,008	11,008
Additions
Balance as of December 31, 2023		11,008	11,008
Balance as of January 1, 2023		3,366	1,531
Amortization recognized during the year		459	1,835
Balance as of December 31, 2023		3,825	3,366
As of December 31, 2023		7,183	7,642
Impairment of goodwill
Goodwill [Member]
Finite-Lived Intangible Assets [Line Items]
Balance as of January 1, 2023	[1]	12,254	17,361
Additions	[1]
Balance as of December 31, 2023		12,254	12,254	[1]
Balance as of January 1, 2023	[1]
Amortization recognized during the year				[1]
Balance as of December 31, 2023				[1]
As of December 31, 2023		$ 12,254	12,254	[1]
Impairment of goodwill	[1]		$ (5,107)
[1]As of December 31, 2023, the Company recognized indicators of impairment of the digital content reporting unit. As a result, the Company performed an impairment test which included a quantitative analysis of the fair value of the reporting unit and compared the fair value of the reporting unit to its carrying amount. As the carrying amount exceeded the fair value, the Company recognized an impairment loss of $ 5,107

SCHEDULE OF GOODWILL AND INTA_2

SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS (Details) (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment loss	$ 5,107

SCHEDULE OF COMPOSITION OF BALA

SCHEDULE OF COMPOSITION OF BALANCE OF GROUP’S LOANS (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Bank Loan	$ 8,863	$ 9,504
Gix Media Ltd [Member] | October 13, 2021 [Member]
Debt instrument description	SOFR + 4.12	SOFR + 4.12
Long-term loan	$ 2,963	$ 2,963
Gix Media Ltd [Member] | January 17 2023 [Member]
Debt instrument description	SOFR + 5.37	SOFR + 5.37
Long-term loan	$ 1,107	$ 1,107
Gix Media Ltd [Member] | Short Term Bank Loan [Member]
Bank Loan	$ 3,057	$ 3,500
Debt instrument description	SOFR + 4.08	SOFR + 4.08
Cortex Media Group Ltd [Member] | Short Term Bank Loan [Member]
Bank Loan	$ 1,300	$ 1,500
Debt instrument description	SOFR + 3.93	SOFR + 3.93
Viewbix Israel [Member] | Long Term Bank Loan [Member]
Long-term loan	$ 436	$ 434
Debt instrument interest rate	9%	9%

SCHEDULE OF FAIR VALUE DISTRIBU

SCHEDULE OF FAIR VALUE DISTRIBUTION OF LIABILITY AND EQUITY COMPONENTS (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Short-Term Debt [Line Items]
Fair Value	$ 483
Percentage of fair value	100%
Allocated amount	$ 480
Loan [Member]
Short-Term Debt [Line Items]
Fair Value	$ 428
Percentage of fair value	88.63%
Allocated amount	$ 425
Warrants [Member]
Short-Term Debt [Line Items]
Fair Value	$ 55
Percentage of fair value	11.37%
Allocated amount	$ 55

SCHEDULE OF COMPOSITION OF LONG

SCHEDULE OF COMPOSITION OF LONG TERM LOAN (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Receivables [Abstract]
Loan	$ 480
Discount	(55)
Long term loan, net	$ 425

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands				1 Months Ended	3 Months Ended
	Nov. 15, 2023	Jan. 17, 2023	Sep. 21, 2022	Sep. 30, 2023	Mar. 31, 2024	Apr. 27, 2023	Jan. 23, 2023
Warrrants discount					$ 55
Proceeds from liability and equity					480
Amortization expense					2
Cortex's Loan Agreement [Member]
Debt instrument description			SOFR + 3.52	SOFR + 4.08
Line of credit			$ 1,500	$ 2,500	$ 1,300	$ 1,000
Annual interest at a rate			70%
Debt instrument maturity date				Sep. 20, 2024
Loan Agreement [Member] | Viewbix Israel [Member]
Annual interest at a rate	9%
Lenders provided loans in the aggregate amount	$ 480
Repayment period	2 years
Repayment date	Jan. 01, 2024
Description of repayment terms	During the Repayment Period, for the first 12 months, Viewbix Israel will repay the interest on a quarterly basis and for the remaining 12 months, Viewbix Israel will repay the principal amount on a quarterly basis (in 4 equal payments) along with the interest.
Loan Agreement [Member] | Viewbix Israel [Member] | Parent Company [Member]
Lenders provided loans in the aggregate amount	$ 200
2023 Warrant [Member] | Viewbix Israel [Member]
Warrants excercisable					480,000
Excercise price					$ 0.50
Warrants expire date					Dec. 31, 2025
Warrrants issued					$ 480
Warrrants discount					$ 55
Gix Media Ltd [Member]
Long-term bank loan		$ 1,500
Debt instrument description		SOFR + 5.37
Cortex Media Group Ltd [Member]
Business acquire percentage							10%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Restricted deposit	$ 86	$ 149
Gix Media Ltd [Member]
Restricted deposit	52
Cortex Media Group Ltd [Member]
Restricted deposit	$ 34

SCHEDULE OF OUTSTANDING WARRANT

SCHEDULE OF OUTSTANDING WARRANTS (Details)	3 Months Ended
	Mar. 31, 2024 $ / 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
2023 Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants	480,000
Warrant Term	December 2025
Exercise Price | $ / shares	$ 0.50
Exercisable	480,000

SHAREHOLDERS_ EQUITY (Details N

SHAREHOLDERS’ EQUITY (Details Narrative) - USD ($) $ in Thousands

1 Months Ended

3 Months Ended

12 Months Ended

Jul. 20, 2023

May 18, 2023

Sep. 14, 2022

Jul. 31, 2023

Mar. 31, 2023

Feb. 28, 2023

Jan. 31, 2023

Mar. 31, 2024

Mar. 31, 2023

Dec. 31, 2022

Mar. 02, 2023

Dec. 25, 2022

Subsidiary or Equity Method Investee [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 expense

$ 18

$ 30

Dividends declared

$ 917

Dividends non controling interest

$ 445

Parent Company [Member]

Subsidiary or Equity Method Investee [Line Items]

Dividend distribution

714

Israel Tax Authority [Member]

Subsidiary or Equity Method Investee [Line Items]

Income taxes paid

$ 83

Gix Media Ltd [Member]

Subsidiary or Equity Method Investee [Line Items]

Dividends declared

$ 1,000

Dividend distribution

$ 130

$ 787

Cortex Media Group Ltd [Member]

Subsidiary or Equity Method Investee [Line Items]

Dividends declared

$ 445

Dividends non controling interest

$ 226

$ 219

Share-Based Payment Arrangement, Tranche One [Member]

Subsidiary or Equity Method Investee [Line Items]

Share-based compensation expense

$ 25

Number of common shares issued

25,510

Restricted Stock Units (RSUs) [Member]

Subsidiary or Equity Method Investee [Line Items]

Shares, granted

51,020

Share based arrangement, description

(1)

Restricted shares, granted

51,020

2023 Stock Incentive Plan [Member]

Subsidiary or Equity Method Investee [Line Items]

Number of share for issuance

2,500,000

Outstanding capital stock percent

5%

Common stock reserved for issuance

2,500,000

General and Administrative Expense [Member]

Subsidiary or Equity Method Investee [Line Items]

Share-based compensation expense

$ 34

Board of Directors [Member]

Subsidiary or Equity Method Investee [Line Items]

Number of restricted stock shares

111,111

SCHEDULE OF SEGMENTS REVENUES A

SCHEDULE OF SEGMENTS REVENUES AND OPERATING RESULTS (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Revenues from external customers		$ 10,002	$ 20,862
Depreciation and amortization		734	734
Segment operating income (loss)		(1,011)	(76)
Financial (expenses) income, net		(163)	(185)
Segment Income (loss), before income taxes		(1,174)	(261)
Search Segment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers		2,472	5,110
Depreciation and amortization
Segment operating income (loss)		462	231
Financial (expenses) income, net		1	(74)
Segment Income (loss), before income taxes		463	157
Digital Content Segment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers		7,530	15,752
Depreciation and amortization
Segment operating income (loss)		(385)	796
Financial (expenses) income, net		(14)	37
Segment Income (loss), before income taxes		(399)	833
Adjustments [Member]
Segment Reporting Information [Line Items]
Revenues from external customers
Depreciation and amortization		734	734
Segment operating income (loss)		(1,088)	(1,103)
Financial (expenses) income, net	[1]	(150)	(148)
Segment Income (loss), before income taxes		$ (1,238)	$ (1,251)
[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, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Depreciation and amortization expenses not attributable to segments		$ (734)	$ (734)
General and administrative not attributable to the segments		(656)	(704)
Total		(1,174)	(261)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expenses not attributable to segments	[1]	(734)	(734)
General and administrative not attributable to the segments	[2]	(354)	(369)
Total		$ (1,088)	$ (1,103)
[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.

SEGMENT REPORTING (Details Narr

SEGMENT REPORTING (Details Narrative)	3 Months Ended
	Mar. 31, 2024 Segment
Segment Reporting [Abstract]
Number of operating segments	2

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] $ in Thousands	1 Months Ended
	Apr. 30, 2024 USD ($)
Subsequent Event [Line Items]
Subsequent event description	Following the Cortex Adverse Effect, the Company and the bank in which Cortex’s and Gix Media’s accounts, credit facilities, and loans are maintained approved on May 20, 2024 a debt restructuring program pursuant to which, inter alia, the credit lines to Cortex were increased to 80% of the balance of Cortex’s customers (up to a limit of $2 million), as opposed to the 70% limitation imposed prior to the restructuring program, Gix Media’s monthly revolving credit lines were increased by an additional $300 thousand, the Company committed to perform cost-cutting measures, including a reduction in head count, the Company will raise up to $1.25 million by means of issuance of equity or debt, the covenants under the original loan agreements as of March 31, 2024 were waived and a new covenant, measured by reference to EBTIDA, was implemented, and a grace in relation to a portion of the monthly loan repayments was given.
Line of credit	$ 300
Issuance of equity	1,250
Maximum [Member]
Subsequent Event [Line Items]
Line of credit	$ 2,000