Viewbix (VBIX) 10-Q 14 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 14, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
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	3 Hanehoshet St
Entity Address, Address Line Two	Building B, 7th floor
Entity Address, City or Town	Tel Aviv
Entity Address, Country	IL
Entity Address, Postal Zip Code	5268104
City Area Code	+972
Local Phone Number	73-391-2900
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		21,179,686

Interim Condensed Consolidated

Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 609	$ 1,774
Restricted deposits	42	149
Accounts receivable	6,073	11,359
Loan to parent company	3,865	3,752
Other current assets	773	771
Total current assets	11,362	17,805
NON-CURRENT ASSETS
Deferred taxes	95	147
Property and equipment, net	40	245
Operating lease right-of-use asset		397
Intangible assets, net	10,996	12,434
Goodwill	7,515	12,254
Total non-current assets	18,646	25,477
Total assets	30,008	43,282
CURRENT LIABILITIES
Accounts payable	8,797	12,359
Short-term loans	2,360	5,000
Current maturities of long-term loans	2,079	1,440
Embedded derivatives	665
Short-term convertible loans	459
Other payables	1,142	889
Operating lease liabilities - short term		85
Total current liabilities	15,502	19,773
NON-CURRENT LIABILITIES
Long-term loans, net of current maturities	1,671	3,064
Derivative warrant liability	1,833
Operating lease liabilities - long term		304
Deferred taxes	1,306	1,517
Total non-current liabilities	4,810	4,885
Commitments and Contingencies
SHAREHOLDERS’ EQUITY
Common stock of $0.0001 par value - Authorized: 490,000,000 shares; Issued and outstanding: 15,855,301 and 14,920,585 shares as of June 30, 2024, and December 31, 2023, respectively.	3	3
Additional paid-in capital	25,905	25,476
Accumulated deficit	(18,837)	(10,661)
Equity attributed to shareholders of Viewbix Inc.	7,071	14,818
Non-controlling interests	2,625	3,806
Total equity	9,696	18,624
Total liabilities and shareholders’ equity	$ 30,008	$ 43,282

Interim Condensed Consolidate_2

Interim Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 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	15,855,301	14,920,585
Common stock, shares outstanding	15,855,301	14,920,585

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues	$ 7,333	$ 27,154	$ 17,335	$ 48,016
Costs and Expenses:
Traffic-acquisition and related costs	5,854	24,050	14,069	42,031
Research and development	532	717	1,262	1,513
Selling and marketing	453	715	1,111	1,438
General and administrative	646	688	1,302	1,392
Depreciation and amortization	821	734	1,555	1,468
Goodwill impairment	4,739		4,739
Other income	(233)		(213)
Operating income (loss)	(5,479)	250	(6,490)	174
Financial expense, net	2,744	246	2,907	431
Income (loss) before income taxes	(8,223)	4	(9,397)	(257)
Income tax expense (benefit)	(24)	87	(23)	171
Net loss	(8,199)	(83)	(9,374)	(428)
Less: net income (loss) attributable to non-controlling interests	(1,022)	41	(1,198)	93
Net loss attributable to shareholders of Viewbix Inc.	$ (7,177)	$ (124)	$ (8,176)	$ (521)
Net income per share - Basic attributed to shareholders	$ (0.48)	$ (0.01)	$ (0.55)	$ (0.04)
Net income per share - Diluted attributed to shareholders	$ (0.48)	$ (0.01)	$ (0.55)	$ (0.04)
Weighted average number of shares - Basic	15,054,116	14,837,688	14,987,350	14,810,974
Weighted average number of shares - Diluted	15,054,116	14,837,688	14,987,350	14,810,974

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)				(521)	(521)	93	(428)
Share-based compensation (see note 9.A)			67		67	8	75
Share-based compensation (see note 8.A), shares	111,111
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 (see note 9.A)			43		43	2	45
Share-based compensation (see note 8.A), shares	111,111
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 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)				(8,176)	(8,176)	(1,198)	(9,374)
Share-based compensation			12		12	17	29
Issuance of shares and warrants in connection with issuance of debt and convertible debt (see 6.E)		[1]	180		180		180
Issuance of shares and warrants in connection with issuance of debt and convertible debt (see 6.E), shares	934,716
Receipts on account of shares and warrants (see note (see note 12.A)			237		237		237
Balance at Jun. 30, 2024	$ 3		25,905	(18,837)	7,071	2,625	9,696
Balance, shares at Jun. 30, 2024	15,855,301
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
Net income (loss)				(7,177)	(7,177)	(1,022)	(8,199)
Share-based compensation			6		6	5	11
Issuance of shares and warrants in connection with issuance of debt and convertible debt (see 6.E)		[1]	180		180		180
Issuance of shares and warrants in connection with issuance of debt and convertible debt (see 6.E), shares	934,716
Receipts on account of shares and warrants (see note (see note 12.A)			237		237		237
Balance at Jun. 30, 2024	$ 3		$ 25,905	$ (18,837)	$ 7,071	$ 2,625	$ 9,696
Balance, shares at Jun. 30, 2024	15,855,301
[1]Represents an amount less than $1.

Interim Condensed Consolidate_5

Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Cash flows from Operating Activities
Net loss	$ (8,199)	$ (83)	$ (9,374)	$ (428)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	821	734	1,555	1,468
Share-based compensation	11	45	29	75
Deferred taxes	(78)	(34)	(159)	(92)
Accrued interest, net	20		34	(6)
Interest income	(40)	(22)	(79)	(43)
Amortization of loan discount	13		15
Amortization of deferred debt issuance costs (see note 6.E)	6		6
Goodwill Impairment	4,739		4,739		$ 5,107
Equity based debt issuance costs (see note 6.E)	26		26
Loss from substantial debt terms modification (see note 6.E)	2,515		2,515
Loss on sale and disposal of property and equipment	72		72
Loss from termination of lease agreement	8		8
Changes in assets and liabilities items:
Decrease (increase) in accounts receivable	931	(2,856)	5,286	2,530
Decrease (increase) in other current assets	(89)	129	59	280
Decrease (increase) in operating lease right-of-use asset	(23)	22		44
Decrease in severance pay, net		(97)		(100)
Increase (decrease) in accounts payable	433	3,289	(3,519)	(2,437)
Decrease (increase) in other payables	158	(96)	243	(218)
Decrease in operating lease liabilities	25	(28)		(58)
Net cash provided by operating activities	1,349	1,003	1,456	1,015
Cash flows from Investing Activities
Purchase of property and equipment		(8)		(10)
Net cash used in investing activities		(8)		(10)
Cash flows from Financing Activities
Cash paid to non-controlling interests (see note 1.C)				(2,625)
Receipt of short-term bank loan	1,650	1,200	1,750	1,200
Receipt of short-term loan	350		350
Repayment of short-term loans	(3,968)	(22)	(4,711)	(269)
Receipt of long-term loans (see note 6.B)				1,500
Repayment of long-term bank loans	(320)	(457)	(320)	(874)
Payment of dividend to non-controlling interests		(153)		(598)
Payment of dividend to shareholders (see note 9.E.1)				(130)
Increase in loan to parent company	(17)	(32)	(34)	(104)
Receipts on account of shares and warrants (see note 12.A)	237		237
Net cash provided by (used in) financing activities	(2,068)	536	(2,728)	(1,900)
Increase (decrease) in cash and cash equivalents and restricted cash	(719)	1,531	(1,272)	(895)
Cash and cash equivalents and restricted cash at beginning of period	1,370	1,955	1,923	4,381	4,381
Cash and cash equivalents and restricted cash at end of period	651	3,486	651	3,486	$ 1,923
Cash paid during the period
Taxes paid	26	327	80	512
Interest paid	184	247	389	444
Total Cash paid during the period	210	574	469	956
Substantial non-cash activities:
Deemed extinguishment and re-issuance of debt (see note 6.B)	500		500
Termination of operating lease agreement (see note 4)	389		389
Share-based compensation to a director (see note 9.A)		$ 34		$ 34

GENERAL

GENERAL	6 Months Ended
	Jun. 30, 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 subsidiary, 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 six months ended June 30, 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. As the Group’s customers are mainly in the US and Europe, its operations, revenues, and profitability were indirectly affected due to recruitment of senior employees to military reserves for an extended period of time. In January 2024, the Gix Media and Cortex filed a request with the Israeli Tax Authority (the “ITA”) to receive compensation for the decrease in revenues related to the War. In April and May 2024, Gix Media and Cortex received a total of $ 337 As of the date of these financial statements the war is still on going. Therefore, 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. Cortex Adverse Effect 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. Due to the Cortex Adverse Effect and additional circumstances as explained in note 5.B, the Company recorded an impairment of $ 4,739 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 1: GENERAL (Cont.) F. Going Concern During the second half of 2023 and the six months ended June 30, 2024 the Company experienced a decrease in its revenues from the digital content and search segments, as a result of the Cortex Adverse effect (see note 1.E), 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, which adversely impacted the Company’s ability to acquire traffic in the search segment and a decrease in revenues from routing of traffic acquired from third-party strategic partners in the search segment, as a result of lack of availability of suppliers credit from such third party strategic partners. As a result of the foregoing, during the six months ended June 30, 2024, the Company recorded an operating loss of $ 6,490 174 9,374 428 609 5,789 18,837 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 response to these conditions included reduction of salaries and related expenses and reduction of professional services in the research and development, selling and marketing functions, reduction of other operational expenses, such as lease costs and overheads, as well as creation of new partnerships and other new income sources. In addition, during the three months ended June 30, 2024, the company entered into a facility agreement (see Note 6.E) and subsequent to the balance sheet date raised through a private placement and through two additional facility agreements with certain investors and lenders (see note 12) aggregate gross proceeds of $ 887 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	6 Months Ended
	Jun. 30, 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. Derivative Financial Instruments The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, “Derivatives and Hedging”. Derivative instruments are initially recorded at fair value on the grant date and re-valued at each reporting date, with changes in the fair value reported in the unaudited condensed statements of operations. E. Fair Value of Financial Instruments Fair value is defined as the price that would be received for sale of an asset or paid to transfer of a liability, in an orderly transaction between market participants at the measurement date. US GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets. ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. F. 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 other than the significant accounting policies of derivative financial instruments and fair value of financial instruments (see notes 2.D and 2.E above). G. 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	6 Months Ended
	Jun. 30, 2024
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 2024 As of December 31 2023 Loan to Parent Company $ 3,865 $ 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 six months ended June 30, 2024 and 2023, Gix Media recognized interest income in the amount of $ 79 43

LEASES

LEASES	6 Months Ended
	Jun. 30, 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 On June 20, 2024, Gix Media and the lessor of its offices entered into a lease termination agreement. According to the agreement, the lease, which originally had a termination date of February 28, 2026, terminated on June 30, 2024. In compensation for the lessor’s consent to early termination Gix Media paid to the lessor $ 7 62 As a result of the early termination of the agreement, the Company recorded a capital loss of $ 46 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, 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 - - - - - Impairment of goodwill - - - (4,739 ) (4,739 ) Balance as of June 30, 2024 465 6,234 11,008 7,515 25,222 Accumulated amortization: Balance as of January 1, 2024 276 1,631 3,366 - 5,273 Amortization recognized during the period 76 445 917 - 1,438 Balance as of June 30, 2024 352 2,076 4,283 - 6,711 Amortized cost: As of June 30, 2024 113 4,158 6,725 7,515 18,511 Internal-use Software Customer Relations Technology Goodwill Total Cost: Balance as of January 1, 2023 465 6,234 11,008 17,361 35,068 Cost, beginning balance 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 Cost, ending balance 465 6,234 11,008 12,254 29,961 Accumulated amortization: Balance as of January 1, 2023 122 741 1,531 - 2,394 Accumulated amortization, beginning balance 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 Accumulated amortization, ending balance 276 1,631 3,366 - 5,273 Amortized cost: As of December 31, 2023 189 4,603 7,642 12,254 24,688 Amortized cost 189 4,603 7,642 12,254 24,688 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 5: GOODWILL AND INTANGIBLE ASSETS, NET (Cont.) B. Impairment of goodwill: As of June 30, 2024, the Company identified 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. The fair value was estimated using the income approach, which is based on the present value of the future cash flows attributable to the reporting unit. The Company 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 $ 4,739 As of December 31, 2023, the Company recognized an impairment loss of $ 5,107

LOANS

LOANS	6 Months Ended
	Jun. 30, 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 June 30, 2024 As of December 31, 2023 Short-term bank loan – Gix Media SOFR + 4.25 % 900 3,500 Short-term bank loan – Gix Media (received on June 13, 2024) SOFR + 4.08 % 339 - Short-term bank loan – Cortex SOFR + 4.08 % 800 1,500 Short-term bank loan SOFR + 4.08 % 800 1,500 Long-term bank loan, including current maturity – Gix Media (received on October 13, 2021) SOFR + 4.12 % 2,714 2,963 Long-term bank loan, including current maturity – Gix Media (received on January 17, 2023) SOFR + 5.37 % 1,036 1,107 Long-term loan – Viewbix Israel 9 % - 434 Long-term loan 9 % - 434 Short-term convertible loan - 12 % 321 - Line of credit 12 % 321 - Bank Loan 6,110 9,504 B. Gix Media’s Loan Agreement On January 23, 2023, Gix Media acquired an additional 10 1,500 SOFR + 5.37 On June 13, 2024, Gix Media and Leumi entered into an addendum to an existing loan agreement between the parties which was be effective from May 15, 2024, pursuant to which, inter alia: (i) the addendum will be effective until August 31, 2024; (ii) the Company is obligated to transfer to Gix Media $ 600 350 80 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 On May 27, 2024, Cortex and Leumi entered into an amendment to Cortex Loan Agreement, pursuant to which, the credit facility to Cortex will be 80 2,000 As of June 30, 2024, Cortex has drawn $ 800 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 $ 480 480,000 0.50 December 31, 2025 The terms of the 2023 Loan were substantially amended on June 18, 2024, by the June 2024 Facility Agreement (see note 6.E). These amendments represent a substantial modification in accordance with ASC Topic 470. Accordingly, the terms modification was accounted for as an extinguishment of the original financial liability and the initial recognition of new financial instruments issued at their fair value as of the effective date of the June 2024 Facility Agreement. As a result of the substantial modification of terms, the Company recognized finance expense of $2,515 in its interim condensed consolidated statement of operations for the six months period ended June 30, 2024. NOTE 6: LOANS (Cont.) E. June 2024 Facility Agreement: On June 18, 2024, the Company entered into a credit facility agreement which was amended and restated on July 22, 2024 (the “June 2024 Facility Agreement”) for a $ 1 531 The term (the “June 2024 Facility Term”) of the June 2024 Facility Agreement expires 12 12 (i) an aggregate amount of $350 was drawn down on the date of the Prior June 2024 Facility Agreement, (ii) an aggregate amount of $150 drawn down upon the filing of the Company’s PIPE Registration Statement (as defined in note 12.A) and (iii) an amount of $500 drawn down upon the effectiveness of the Uplist. The June 2024 Facility Loan Amount accrues interest at a rate of 12 184 0.25 734,716 Immediately following the effectiveness of the Uplist, (i) $ 663 of the June 2024 Loan Amount will convert into shares of common stock at a conversion rate equal to $ 0.25 per share of the Company’s common stock (the “June 2024 Convertible Stock”) and (ii) the company will issue a warrant in substantially the same form and on substantially the same terms as a June 2024 Facility Warrant to purchase a number of shares of the Company’s common stock equal to the June 2024 Convertible Stock with an exercise price of $ 0.25 per share (the “June 2024 Conversion Warrant”, and (i) and (ii), collectively a “June 2024 Conversion Unit”). Such portion of the June 2024 Loan Amount that is not converted into a June 2024 Conversion Unit will remain outstanding and will not convert following the Uplist. For the duration of the June 2024 Facility Term of the June 2024 Facility Agreement, the June 2024 Lenders may elect to convert after the effectiveness of the Uplist such unconverted portion of the June 2024 Loan Amount into additional June 2024 Conversion Units or, upon the expiration of the June 2024 Facility Term, such unconverted portion of the June 2024 Loan Amount will be repaid in accordance with the terms of the June 2024 Facility Agreement. The June 2024 Facility Warrants are exercisable upon issuance at an exercise price of $ 0.25 three-year In addition and in connection with the June 2024 Facility Agreement, the Company agreed to pay the June 2024 Lead Lender a commission consisting of (i) 200,000 200,000 0.25 2,500,000 1.00 2.5 The conversion and conversion related features of the June 2024 facility loan were bifurcated from their host debt contract and recognized as liabilities measured at fair value at each cut-off date. The facility loan was initially recorded at its fair value and subsequently measured at cost. The shares and Warrants A issued as prepayment of interest and as commission to the 2024 Lead Lender were initially recognized at fair value and classified in equity. The June 2024 Lead Lender Warrant was initially recognized at fair value and classified as a liability measured at fair value at each cut-off date (see note 7). VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data)

FINANCIAL INSTRUMENTS AT FAIR V

FINANCIAL INSTRUMENTS AT FAIR VALUE	6 Months Ended
	Jun. 30, 2024
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS AT FAIR VALUE	NOTE 7: FINANCIAL INSTRUMENTS AT FAIR VALUE Financial instruments: The Company has financial instruments measured at level 3 from the June 2024 Facility Agreement (see note 6.E). The fair value of the financial instruments under the June 2024 Facility Agreement, as of June 18, 2024, was calculated using the following unobservable inputs: share price: $ 0.118 125 0.25 4.41% 3.0 The fair value of the financial instruments estimated by the Company’s management as of June 30 and June 18, 2024, was substantially the same. The following table presents the financial liabilities that were measured at fair value through profit or loss: SCHEDULE OF FINANCIAL LIABILITIES June 30, 2024 December 31, 2023 Level 3 Level 3 Embedded derivatives 665 - Derivative warrant liability 1,833 - Total financial liabilities 2,498 -

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 8: 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 $ 8 34

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
SHAREHOLDERS’ EQUITY	NOTE 9: 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 On June 18, 2024, as part of the June 2024 Facility Agreement the Company issued to June 2024 Lenders 934,716 934,716 0.25 2,500,000 1.00 2.5 B. Warrants: The following table summarizes information of outstanding warrants as of June 30, 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 June 2024 Facility Agreement Warrants 934,716 June 2027 0.25 934,716 June 2024 Lead Lender Warrants (see note 12.B) 2,500,000 June 2027 1.00 2,500,000 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 9: 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 9: SHAREHOLDERS’ EQUITY (Cont.) C. Share option plan (Cont.) On July 1, 2023, following the Grant and upon the vesting of the First Tranche, the Company issued 25,510 25 25,510 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)

FINANCIAL EXPENSE, NET

FINANCIAL EXPENSE, NET	6 Months Ended
	Jun. 30, 2024
Financial Expense Net
FINANCIAL EXPENSE, NET	NOTE 10: FINANCIAL EXPENSE, NET SCHEDULE OF FINANCIAL EXPENSE NET 2024 2023 2024 2023 For the six months For the three months 2024 2023 2024 2023 Financial expense (income): Bank fees 44 33 26 19 Exchange rate differences (49 ) 25 (18 ) 12 Interest expense on bank loans 406 437 198 247 Loss from substantial debt terms modification 2,515 - 2,515 - Interest income on loans from Parent Company (79 ) (43 ) (40 ) (22 ) Other 70 (21 ) 63 (10 ) Financial expense, net 2,907 431 63 (10 )

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 11: 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) Total For the six months ended June 30, 2024 Search segment Digital content segment Adjustments (See below) Total Revenues from external customers 3,587 13,748 - 17,335 Depreciation and amortization - - 1,555 1,555 Goodwill Impairment - - 4,739 4,739 Segment operating income (loss) 718 (199 ) (7,009 ) (6,490 ) Financial expenses, net (10 ) (74 ) (2,823 ) (2,907 ) Segment Income (loss), before income taxes 708 (273 ) (9,832 ) (9,397 ) 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 ) (304 ) (*) (431 ) Segment Income (loss), before income taxes 685 1,618 (2,560 ) (257 ) VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 11: SEGMENT REPORTING (Cont.) Search segment Digital content segment Adjustments (See below) Total For the three months ended June 30, 2024 Search segment Digital content segment Adjustments (See below) Total Revenues from external customers 1,115 6,218 - 7,333 Depreciation and amortization - - 821 821 Goodwill Impairment - - 4,739 4,739 Segment operating income (loss) 256 186 (5,921 ) (5,479 ) Financial expenses, net (11 ) (60 ) (2,673 ) (2,744 ) Segment Income (loss), before income taxes 245 126 (8,594 ) (8,223 ) Search segment Digital content segment Adjustments (See below) Total 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 ) (156 ) (*) (246 ) Segment Income (loss), before income taxes 528 785 (1,309 ) 4 (*) Mainly consist of financial expenses from the Financing Agreement of bank loans taken for business combinations (see note 6). 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, 2024 For the three June 30, 2024 Depreciation and amortization expenses not attributable to segments (**) (1,555 ) (821 ) General and administrative not attributable to the segments (***) (715 ) (361 ) Goodwill Impairment (4,739 ) (4,739 ) (7,009 ) (5,921 ) VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 11: SEGMENT REPORTING (Cont.) 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 ) (*) 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. VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12: SUBSEQUENT EVENTS A. Private Placement On July 3, 2024, the Company entered into a definitive securities purchase agreement (the “Purchase Agreement”) with a certain investor (the “Lead Investor”) for the purchase and sale in a private placement (the “Private Placement”) of units consisting of (i) 1,027,500 0.25 1,541,250 The aggregate gross proceeds received by the Company from the Private Placement were $ 257 . The PIPE Warrants are exercisable upon issuance at an exercise price of $ 0.25 per share and will have a three-year term from the issuance date. In addition, the PIPE Warrants are subject to an automatic exercise provision in the event that the Company’s shares of common stock are approved for listing on the Nasdaq Capital Market. Upon the closing of the Private Placement, the Company agreed to pay the Lead Investor: (1) $ 10 123 51,375 In July 2024, the Company issued to the Investors 1,027,500 shares of common stock and 1,541,250 warrants in connection with the Private Placement. VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 12: SUBSEQUENT EVENTS (Cont.) B. June 2024 Facility Agreement Following the closing of the Private Placement (as defined in note 12.A), the exercise price of the June 2024 Lead Lender Warrant was adjusted to $ 0.118 21,186,440 2.5 C. First July 2024 Facility Agreement On July 4, 2024, the Company entered into a credit facility agreement, as restated on July 22, 2024, and amended on July 25, 2024 (the “First July 2024 Facility Agreement”) for a $ 2.5 The First July 2024 Facility Loan Amount will remain available until the earliest of (a)(i) its drawing down in full, (ii) the 36-month anniversary of the First July 2024 Facility Agreement and (b) upon such date that the Company completes a $ 2.0 The First July 2024 Facility Agreement sets forth a drawdown schedule as follows: (i) an aggregate of $50,000 was drawn down on July 4, 2024, (ii) an aggregate of $50 will be drawn down upon the effectiveness of the Uplist (see note 6.E), and (iii) following the Uplist, an aggregate of $200 will be drawn down on a quarterly basis until the First July 2024 Facility Loan Amount is exhausted. The First July 2024 Facility Amount will accrue interest at a rate of 12 1,200,000 0.25 1,200,000 0.25 0.25 three-year VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 12: SUBSEQUENT EVENTS (Cont.) C. First July 2024 Facility Agreement (Cont.) Immediately following the effectiveness of the Uplist, (i) $ 100 0.25 0.25 In addition, the Company agreed to pay the First July 2024 Lender a one-time fee consisting of: (i) 500,000 5 0.25 1,000,000 0.25 D. Services Agreements On July 14, 2024 and July 25, 2024, the Company entered into consulting agreements with certain consultants (the “Consultants”) pursuant to which the Consultants agreed to provide certain services to the Company in connection with the Uplist. In consideration with the Consultants’ services, the Company issued to the Consultants 480,000 E. Second July 2024 Facility Agreement On July 28, 2024, the Company entered into a credit facility agreement (the “Second July 2024 Facility Agreement”) for a $ 3.0 The Second July 2024 Facility Loan Amount will remain available until the earliest of (a)(i) its drawing down in full, (ii) the 40-month anniversary of the Second July 2024 Facility Agreement and (b) upon such date that the Company completes a $ 2.5 VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 12: SUBSEQUENT EVENTS (Cont.) E. Second July 2024 Facility Agreement (cont.) The Second July 2024 Facility Loan Amount will accrue interest at a rate of 12 1,440,000 0.25 1,440,000 0.25 0.25 three-year Immediately following the effectiveness of the Uplist, (i) $ 160 0.25 0.25 In addition, the Company agreed to pay the Second July 2024 Lenders a one-time fee consisting of 600,000 5 0.25 F. Securities Exchange Agreement On July 31, 2024, the Company entered into a Securities Exchange Agreement, with Metagramm Software Ltd. (“Metagramm”) pursuant to which the Company agreed to issue to Metagramm 9.99 19.99 G. Grant of shares On July 1, 2024, the Company issued 25,510 H. Reverse stock split On July 15, 2024, the Company filed an amendment to its Certificate of Incorporation (the “Amendment”) to effect a 1-for-4

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 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.
Derivative Financial Instruments	D. Derivative Financial Instruments The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, “Derivatives and Hedging”. Derivative instruments are initially recorded at fair value on the grant date and re-valued at each reporting date, with changes in the fair value reported in the unaudited condensed statements of operations.
Fair Value of Financial Instruments	E. Fair Value of Financial Instruments Fair value is defined as the price that would be received for sale of an asset or paid to transfer of a liability, in an orderly transaction between market participants at the measurement date. US GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets. ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
Significant Accounting Policies	F. 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 other than the significant accounting policies of derivative financial instruments and fair value of financial instruments (see notes 2.D and 2.E above).
Recent Accounting Pronouncements	G. 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.

LOAN TO PARENT COMPANY (Tables)

LOAN TO PARENT COMPANY (Tables)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
SCHEDULE OF LOAN FROM TO PARENT COMPANY	SCHEDULE OF LOAN FROM TO PARENT COMPANY As of June 30 2024 As of December 31 2023 Loan to Parent Company $ 3,865 $ 3,752

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	6 Months Ended
	Jun. 30, 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 - - - - - Impairment of goodwill - - - (4,739 ) (4,739 ) Balance as of June 30, 2024 465 6,234 11,008 7,515 25,222 Accumulated amortization: Balance as of January 1, 2024 276 1,631 3,366 - 5,273 Amortization recognized during the period 76 445 917 - 1,438 Balance as of June 30, 2024 352 2,076 4,283 - 6,711 Amortized cost: As of June 30, 2024 113 4,158 6,725 7,515 18,511 Internal-use Software Customer Relations Technology Goodwill Total Cost: Balance as of January 1, 2023 465 6,234 11,008 17,361 35,068 Cost, beginning balance 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 Cost, ending balance 465 6,234 11,008 12,254 29,961 Accumulated amortization: Balance as of January 1, 2023 122 741 1,531 - 2,394 Accumulated amortization, beginning balance 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 Accumulated amortization, ending balance 276 1,631 3,366 - 5,273 Amortized cost: As of December 31, 2023 189 4,603 7,642 12,254 24,688 Amortized cost 189 4,603 7,642 12,254 24,688

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2024 As of December 31, 2023 Short-term bank loan – Gix Media SOFR + 4.25 % 900 3,500 Short-term bank loan – Gix Media (received on June 13, 2024) SOFR + 4.08 % 339 - Short-term bank loan – Cortex SOFR + 4.08 % 800 1,500 Short-term bank loan SOFR + 4.08 % 800 1,500 Long-term bank loan, including current maturity – Gix Media (received on October 13, 2021) SOFR + 4.12 % 2,714 2,963 Long-term bank loan, including current maturity – Gix Media (received on January 17, 2023) SOFR + 5.37 % 1,036 1,107 Long-term loan – Viewbix Israel 9 % - 434 Long-term loan 9 % - 434 Short-term convertible loan - 12 % 321 - Line of credit 12 % 321 - Bank Loan 6,110 9,504

FINANCIAL INSTRUMENTS AT FAIR_2

FINANCIAL INSTRUMENTS AT FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, All Other Investments [Abstract]
SCHEDULE OF FINANCIAL LIABILITIES	The following table presents the financial liabilities that were measured at fair value through profit or loss: SCHEDULE OF FINANCIAL LIABILITIES June 30, 2024 December 31, 2023 Level 3 Level 3 Embedded derivatives 665 - Derivative warrant liability 1,833 - Total financial liabilities 2,498 -

SHAREHOLDERS_ EQUITY (Tables)

SHAREHOLDERS’ EQUITY (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
SCHEDULE OF OUTSTANDING WARRANTS	The following table summarizes information of outstanding warrants as of June 30, 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 June 2024 Facility Agreement Warrants 934,716 June 2027 0.25 934,716 June 2024 Lead Lender Warrants (see note 12.B) 2,500,000 June 2027 1.00 2,500,000

FINANCIAL EXPENSE, NET (Tables)

FINANCIAL EXPENSE, NET (Tables)	6 Months Ended
	Jun. 30, 2024
Financial Expense Net
SCHEDULE OF FINANCIAL EXPENSE NET	SCHEDULE OF FINANCIAL EXPENSE NET 2024 2023 2024 2023 For the six months For the three months 2024 2023 2024 2023 Financial expense (income): Bank fees 44 33 26 19 Exchange rate differences (49 ) 25 (18 ) 12 Interest expense on bank loans 406 437 198 247 Loss from substantial debt terms modification 2,515 - 2,515 - Interest income on loans from Parent Company (79 ) (43 ) (40 ) (22 ) Other 70 (21 ) 63 (10 ) Financial expense, net 2,907 431 63 (10 )

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Jun. 30, 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) Total For the six months ended June 30, 2024 Search segment Digital content segment Adjustments (See below) Total Revenues from external customers 3,587 13,748 - 17,335 Depreciation and amortization - - 1,555 1,555 Goodwill Impairment - - 4,739 4,739 Segment operating income (loss) 718 (199 ) (7,009 ) (6,490 ) Financial expenses, net (10 ) (74 ) (2,823 ) (2,907 ) Segment Income (loss), before income taxes 708 (273 ) (9,832 ) (9,397 ) 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 ) (304 ) (*) (431 ) Segment Income (loss), before income taxes 685 1,618 (2,560 ) (257 ) VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 11: SEGMENT REPORTING (Cont.) Search segment Digital content segment Adjustments (See below) Total For the three months ended June 30, 2024 Search segment Digital content segment Adjustments (See below) Total Revenues from external customers 1,115 6,218 - 7,333 Depreciation and amortization - - 821 821 Goodwill Impairment - - 4,739 4,739 Segment operating income (loss) 256 186 (5,921 ) (5,479 ) Financial expenses, net (11 ) (60 ) (2,673 ) (2,744 ) Segment Income (loss), before income taxes 245 126 (8,594 ) (8,223 ) Search segment Digital content segment Adjustments (See below) Total 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 ) (156 ) (*) (246 ) Segment Income (loss), before income taxes 528 785 (1,309 ) 4 (*) 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 six June 30, 2024 For the three June 30, 2024 Depreciation and amortization expenses not attributable to segments (**) (1,555 ) (821 ) General and administrative not attributable to the segments (***) (715 ) (361 ) Goodwill Impairment (4,739 ) (4,739 ) (7,009 ) (5,921 ) VIEWBIX INC. NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data) NOTE 11: SEGMENT REPORTING (Cont.) 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 ) (*) 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						1 Months Ended		3 Months Ended		6 Months Ended
	Jan. 23, 2023 USD ($)	Sep. 19, 2022 $ / shares	Aug. 31, 2022	Jan. 27, 2020 USD ($)	Jan. 27, 2020 ILS (₪)	May 31, 2024 USD ($)	Apr. 30, 2024 USD ($)	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) $ / shares	Jun. 13, 2023 USD ($)	Jan. 17, 2023 USD ($)	Dec. 05, 2021	Feb. 07, 2019
Common stock, par value | $ / shares		$ 0.0001						$ 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
Other income						$ 337,000	$ 337,000
Goodwill impairment							$ 4,739
Operating loss								$ (5,479,000)	$ 250,000	$ (6,490,000)	$ 174,000
Net loss								(8,199,000)	$ (83,000)	(9,374,000)	$ (428,000)
Cash and cash equivalents								609,000		609,000		$ 1,774,000
Bank loan								5,789,000		5,789,000
Accumulated deficit								(18,837,000)		$ (18,837,000)		$ (10,661,000)
Proceeds								$ 887,000
Cortex Media Group Ltd [Member]
Business acquire percentage	10%
Business consideration	$ 2,625,000
Gix Media Ltd [Member]
Ownership percentage	80%														77.92%
Long-term bank loan													$ 350,000	$ 1,500,000
Share Exchange Agreement [Member] | Gix Internet Ltd [Member]
Ownership percentage																99.83%
Virtual Crypto Israel [Member]
Proceeds from sale				$ 13,000	₪ 50

SCHEDULE OF LOAN FROM TO PARENT

SCHEDULE OF LOAN FROM TO PARENT COMPANY (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Related Party Transactions [Abstract]
Loan to Parent Company	$ 3,865	$ 3,752

LOAN TO PARENT COMPANY (Details

LOAN TO PARENT COMPANY (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Related Party Transactions [Abstract]
Interest income	$ 79	$ 43

LEASES (Details Narrative)

LEASES (Details Narrative) $ in Thousands			6 Months Ended
	Jun. 30, 2024 USD ($)	Feb. 25, 2021 USD ($) ft²	Jun. 30, 2024 USD ($)
Lessor paid	$ 7
Lease paid for office	$ 62		$ 62
Capital loss			$ 46
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		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Cost, beginning balance			$ 29,961	$ 35,068	$ 35,068
Additions
Impairment of goodwill	$ (4,739)		(4,739)		(5,107)
Cost, ending balance	25,222		25,222		29,961
Accumulated amortization, beginning balance			5,273	2,394	2,394
Amortization recognized during the year			1,438		2,879
Accumulated amortization, ending balance	6,711		6,711		5,273
Amortized cost	18,511		18,511		24,688
Internal Software [Member]
Finite-Lived Intangible Assets [Line Items]
Cost, beginning balance			465	465	465
Additions
Impairment of goodwill
Cost, ending balance	465		465		465
Accumulated amortization, beginning balance			276	122	122
Amortization recognized during the year			76		154
Accumulated amortization, ending balance	352		352		276
Amortized cost	113		113		189
Customer Relations [Member]
Finite-Lived Intangible Assets [Line Items]
Cost, beginning balance			6,234	6,234	6,234
Additions
Impairment of goodwill
Cost, ending balance	6,234		6,234		6,234
Accumulated amortization, beginning balance			1,631	741	741
Amortization recognized during the year			445		890
Accumulated amortization, ending balance	2,076		2,076		1,631
Amortized cost	4,158		4,158		4,603
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Cost, beginning balance			11,008	11,008	11,008
Additions
Impairment of goodwill
Cost, ending balance	11,008		11,008		11,008
Accumulated amortization, beginning balance			3,366	1,531	1,531
Amortization recognized during the year			917		1,835
Accumulated amortization, ending balance	4,283		4,283		3,366
Amortized cost	6,725		6,725		7,642
Goodwill [Member]
Finite-Lived Intangible Assets [Line Items]
Cost, beginning balance			12,254	17,361	17,361
Additions
Impairment of goodwill			(4,739)		(5,107)
Cost, ending balance	7,515		7,515		12,254
Accumulated amortization, beginning balance
Amortization recognized during the year
Accumulated amortization, ending balance
Amortized cost	$ 7,515		$ 7,515		$ 12,254

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS, NET (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment loss of goodwill	$ 4,739		$ 4,739		$ 5,107

SCHEDULE OF COMPOSITION OF BALA

SCHEDULE OF COMPOSITION OF BALANCE OF GROUP’S LOANS (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Bank Loan	$ 6,110	$ 9,504
Gix Media Ltd [Member] | October 13, 2021 [Member]
Debt instrument description	SOFR + 4.12	SOFR + 4.12
Long-term loan	$ 2,714	$ 2,963
Gix Media Ltd [Member] | January 17 2023 [Member]
Debt instrument description	SOFR + 5.37	SOFR + 5.37
Long-term loan	$ 1,036	$ 1,107
Gix Media Ltd [Member] | Short Term Bank Loan [Member]
Bank Loan	$ 900	$ 3,500
Debt instrument description	SOFR + 4.25	SOFR + 4.25
Gix Media Ltd One [Member] | Short Term Bank Loan [Member]
Bank Loan	$ 339
Debt instrument description	SOFR + 4.08	SOFR + 4.08
Cortex Media Group Ltd [Member] | Short Term Bank Loan [Member]
Bank Loan	$ 800	$ 1,500
Debt instrument description	SOFR + 4.08	SOFR + 4.08
Viewbix Israel [Member] | Long Term Bank Loan [Member]
Long-term loan		$ 434
Debt instrument interest rate	9%	9%
Viewbix Inc [Member] | June Facility [Member]
Debt instrument interest rate	12%	12%
Line of credit	$ 321

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands				1 Months Ended
	Jun. 18, 2024	Jan. 17, 2023	Sep. 21, 2022	Sep. 30, 2023	Jun. 30, 2024	May 27, 2024	Mar. 31, 2024	Nov. 15, 2023	Jun. 13, 2023	Apr. 27, 2023	Jan. 23, 2023
June 2024 Lead Lender Warrant [Member]
Exercise price	$ 1
Shares issued	2,500,000
Warrants exercise amount	$ 2,500
Cortex's Loan Agreement [Member]
Debt instrument description			SOFR + 3.52	SOFR + 4.08
Line of credit facility, remaining borrowing capacity percentage						80%
Line of credit			$ 1,500	$ 2,500	$ 800	$ 2,000				$ 1,000
Debt instrument interest rate			70%
Debt instrument maturity date				Sep. 20, 2024
Loan Agreement [Member] | Viewbix Israel [Member]
Lenders provided loans in the aggregate amount								$ 480
2023 Warrant [Member] | Viewbix Israel [Member]
Warrants to purchase shares							480,000
Exercise price							$ 0.50
Warrants expire date							Dec. 31, 2025
June 2024 Facility Agreement [Member]
Line of credit	1,000
Exercise price					$ 0.25
Line of credit facility, outstanding debt owed	$ 531
Line of credit facility, expiration period	12 months
Line of credit facility, withdrawn amount description	(i) an aggregate amount of $350 was drawn down on the date of the Prior June 2024 Facility Agreement, (ii) an aggregate amount of $150 drawn down upon the filing of the Company’s PIPE Registration Statement (as defined in note 12.A) and (iii) an amount of $500 drawn down upon the effectiveness of the Uplist.
Accrued interest percentage	12%
Line of credit facility, interest accrued	$ 184
Conversion price	$ 0.25
Debt conversion, shares issued	734,716
June 2024 Facility Agreement [Member] | June 2024 Lead Lender Warrant [Member]
Warrants to purchase shares	2,500,000
Exercise price	$ 1
Warrants exercise amount	$ 2,500
June 2024 Facility Agreement [Member] | Warrant [Member]
Warrants to purchase shares	200,000
Exercise price	$ 0.25
Warrants term	3 years
June 2024 Facility Agreement [Member] | Common Stock [Member]
Shares issued	200,000
June 2024 Facility Agreement [Member] | June 2024 Convertible Stock [Member]
Line of credit facility, interest accrued	$ 663
Conversion price	$ 0.25
Gix Media Ltd [Member]
Long-term bank loan		$ 1,500							$ 350
Debt instrument description		SOFR + 5.37
Transfer of long-term bank loan									$ 600
Line of credit facility, remaining borrowing capacity percentage									80%
Cortex Media Group Ltd [Member]
Business acquire percentage											10%

SCHEDULE OF FINANCIAL LIABILITI

SCHEDULE OF FINANCIAL LIABILITIES (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Platform Operator, Crypto Asset [Line Items]
Embedded derivatives	$ 665
Derivative warrant liability	1,833
Total financial liabilities	$ 2,498

FINANCIAL INSTRUMENTS AT FAIR_3

FINANCIAL INSTRUMENTS AT FAIR VALUE (Details Narrative) - Jun. 30, 2024	shares	Total
Measurement Input, Share Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative warrant liability	0.118
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative warrant liability		125
Measurement Input, Exercise Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative warrant liability	0.25	4.41
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative warrant liability		3

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Restricted deposit	$ 42	$ 149
Gix Media Ltd [Member]
Restricted deposit	8
Cortex Media Group Ltd [Member]
Restricted deposit	$ 34

SCHEDULE OF OUTSTANDING WARRANT

SCHEDULE OF OUTSTANDING WARRANTS (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
June 2024 Facility Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants	934,716
Warrant Term	June 2027
Exercise Price | $ / shares	$ 0.25
Exercisable	934,716
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
June 2024 Lead Lender Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants	2,500,000
Warrant Term	June 2027
Exercise Price | $ / shares	$ 1
Exercisable	2,500,000

SHAREHOLDERS_ EQUITY (Details N

SHAREHOLDERS’ EQUITY (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 18, 2024

Jul. 20, 2023

Jul. 01, 2023

May 18, 2023

Sep. 14, 2022

Mar. 31, 2023

Feb. 28, 2023

Jan. 31, 2023

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Dec. 31, 2022

Mar. 02, 2023

Dec. 25, 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 expense

$ 11

$ 45

$ 29

$ 75

Dividends declared

$ 917

Dividends non controling interest

$ 153

$ 598

Parent Company [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Dividend distribution

714

Israel Tax Authority [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Income taxes paid

$ 83

Gix Media Ltd [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Dividends declared

$ 1,000

Dividend distribution

$ 130

$ 787

Cortex Media Group Ltd [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Dividends declared

$ 445

Dividends non controling interest

$ 226

$ 219

Share-Based Payment Arrangement, Tranche One [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of common shares issued

25,510

Share-Based Payment Arrangement, Tranche Two [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of common shares issued

25,510

Restricted Stock Units (RSUs) [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares, granted

51,020

Share based arrangement, description

(1) 51,020 of Common Stock underlying the grant of RSUs (2) Vesting Commencement Date: July 1, 2023 (3) vesting schedule: 50% of the RSUs will vest immediately upon the Vesting Commencement Date (the “First Tranche”) and the remaining 50% of the RSUs will vest 12 months after the Vesting Commencement Date (the “Second Tranche”), 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 (the “Grant”).

Restricted shares, granted

51,020

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

June 2024 Lead Lender Warrant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares issued

2,500,000

Exercise price

$ 1

Warrants exercise amount

$ 2,500

June 2024 Lenders [Member] | Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares issued

934,716

June 2024 Lenders [Member] | Warrant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares issued

934,716

Exercise price

$ 0.25

General and Administrative Expense [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Share-based compensation expense

$ 34

General and Administrative Expense [Member] | Share-Based Payment Arrangement, Tranche One [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Share-based compensation expense

$ 25

Board of Directors [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted stock shares

111,111

SCHEDULE OF FINANCIAL EXPENSE N

SCHEDULE OF FINANCIAL EXPENSE NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financial Expense Net
Bank fees	$ 26	$ 19	$ 44	$ 33
Exchange rate differences	(18)	12	(49)	25
Interest expense on bank loans	198	247	406	437
Loss from substantial debt terms modification	2,515		2,515
Interest income on loans from Parent Company	(40)	(22)	(79)	(43)
Other	63	(10)	70	(21)
Financial expense, net	$ 63	$ (10)	$ 2,907	$ 431

SCHEDULE OF SEGMENTS REVENUES A

SCHEDULE OF SEGMENTS REVENUES AND OPERATING RESULTS (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended			12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023		Jun. 30, 2024	Jun. 30, 2023		Dec. 31, 2023
Segment Reporting Information [Line Items]
Revenues from external customers	$ 7,333	$ 27,154		$ 17,335	$ 48,016
Depreciation and amortization	821	734		1,555	1,468
Goodwill Impairment	4,739			4,739			$ 5,107
Segment operating income (loss)	(5,479)	250		(6,490)	174
Financial expenses, net	(2,744)	(246)		(2,907)	(431)
Segment Income (loss), before income taxes	(8,223)	4		(9,397)	(257)
Search Segment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	1,115	5,842		3,587	10,952
Depreciation and amortization
Goodwill Impairment
Segment operating income (loss)	256	535		718	766
Financial expenses, net	(11)	(7)		(10)	(81)
Segment Income (loss), before income taxes	245	528		708	685
Digital Content Segment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	6,218	21,312		13,748	37,064
Depreciation and amortization
Goodwill Impairment
Segment operating income (loss)	186	868		(199)	1,664
Financial expenses, net	(60)	(83)		(74)	(46)
Segment Income (loss), before income taxes	126	785		(273)	1,618
Adjustments [Member]
Segment Reporting Information [Line Items]
Revenues from external customers
Depreciation and amortization	821	734		1,555	1,468
Goodwill Impairment	4,739			4,739
Segment operating income (loss)	(5,921)	(1,153)		(7,009)	(2,256)
Financial expenses, net	(2,673)	(156)	[1]	(2,823)	(304)	[1]
Segment Income (loss), before income taxes	$ (8,594)	$ (1,309)		$ (9,832)	$ (2,560)
[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		6 Months Ended		12 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Depreciation and amortization expenses not attributable to segments		$ (821)	$ (734)	$ (1,555)	$ (1,468)
General and administrative not attributable to the segments		(646)	(688)	(1,302)	(1,392)
Goodwill Impairment		(4,739)		(4,739)		$ (5,107)
Total		(8,223)	4	(9,397)	(257)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expenses not attributable to segments	[1]	(821)	(734)	(1,555)	(1,468)
General and administrative not attributable to the segments	[2]	(361)	(419)	(715)	(788)
Goodwill Impairment		(4,739)		(4,739)
Total		$ (5,921)	$ (1,153)	$ (7,009)	$ (2,256)
[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)	6 Months Ended
	Jun. 30, 2024 Segment
Segment Reporting [Abstract]
Number of operating segments	2

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands									1 Months Ended
	Jul. 31, 2024	Jul. 28, 2024	Jul. 15, 2024	Jul. 04, 2024	Jul. 03, 2024	Jul. 01, 2024	Jun. 18, 2024	Aug. 31, 2022	Jul. 31, 2024
Subsequent Event [Line Items]
Reverse stock split								reverse stock split of its common stock at a ratio of 1-for-28
June 2024 Lead Lender Warrant [Member]
Subsequent Event [Line Items]
Exercise price							$ 1
Warrants exercise amount							$ 2,500
Subsequent Event [Member]
Subsequent Event [Line Items]
Reverse stock split			1-for-4
Subsequent Event [Member] | Chief Executive Officer [Member]
Subsequent Event [Line Items]
Number of shares issued						25,510
Subsequent Event [Member] | First July 2024 Facility Agreement [Member]
Subsequent Event [Line Items]
Warrants to purchase shares				1,200,000
Exercise price				$ 0.25
Warrants term				3 years
Line of credit				$ 2,500
Line of credit facility, financing transaction				$ 2,000
Line of credit facility, withdrawn amount description				(i) an aggregate of $50,000 was drawn down on July 4, 2024, (ii) an aggregate of $50 will be drawn down upon the effectiveness of the Uplist (see note 6.E), and (iii) following the Uplist, an aggregate of $200 will be drawn down on a quarterly basis until the First July 2024 Facility Loan Amount is exhausted.
Accrued interest percentage				12%
Conversion price				$ 0.25
Subsequent Event [Member] | First July 2024 Facility Agreement [Member] | Consultants [Member]
Subsequent Event [Line Items]
Number of shares issued for services									480,000
Subsequent Event [Member] | First July 2024 Facility Agreement [Member] | First July 2024 Lender [Member]
Subsequent Event [Line Items]
Number of shares issued				500,000
Warrants to purchase shares				1,000,000
Exercise price				$ 0.25
Conversion price				$ 0.25
Line of credit facility, one-time fee, percentage				5%
Subsequent Event [Member] | First July 2024 Facility Agreement [Member] | First July 2024 Convertible Stock [Member]
Subsequent Event [Line Items]
Exercise price				$ 0.25
Conversion price				$ 0.25
Lenders provided loans in the aggregate amount				$ 100
Subsequent Event [Member] | First July 2024 Facility Agreement [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Number of shares issued				1,200,000
Conversion price				$ 0.25
Subsequent Event [Member] | Second July 2024 Facility Agreement [Member]
Subsequent Event [Line Items]
Warrants to purchase shares		1,440,000
Exercise price		$ 0.25
Warrants term		3 years
Line of credit		$ 3,000
Line of credit facility, financing transaction		$ 2,500
Accrued interest percentage		12%
Conversion price		$ 0.25
Subsequent Event [Member] | Second July 2024 Facility Agreement [Member] | Second July 2024 Lenders [Member]
Subsequent Event [Line Items]
Number of shares issued		600,000
Conversion price		$ 0.25
Line of credit facility, one-time fee, percentage		5%
Subsequent Event [Member] | Second July 2024 Facility Agreement [Member] | Second July 2024 Convertible Stock [Member]
Subsequent Event [Line Items]
Exercise price		$ 0.25
Conversion price		$ 0.25
Lenders provided loans in the aggregate amount		$ 160
Subsequent Event [Member] | Second July 2024 Facility Agreement [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Number of shares issued		1,440,000
Conversion price		$ 0.25
Subsequent Event [Member] | Securities Exchange Agreement [Member] | Minimum [Member]
Subsequent Event [Line Items]
Issued and outstanding share capital, percentage	9.99%
Subsequent Event [Member] | Securities Exchange Agreement [Member] | Maximum [Member]
Subsequent Event [Line Items]
Issued and outstanding share capital, percentage	19.99%
Subsequent Event [Member] | June 2024 Lead Lender Warrant [Member]
Subsequent Event [Line Items]
Number of shares issued					21,186,440
Exercise price					$ 0.118
Warrants exercise amount					$ 2,500
Subsequent Event [Member] | Private Placement [Member]
Subsequent Event [Line Items]
Number of shares issued					1,027,500
Sale of stock, price per share					$ 0.25
Warrants to purchase shares					1,541,250
Proceeds from Issuance of Private Placement					$ 257
Exercise price					$ 0.25
Warrants term					3 years
Subsequent Event [Member] | Private Placement [Member] | Investor [Member]
Subsequent Event [Line Items]
Number of shares issued					51,375
Actual and documented fees					$ 10
Cash fee					$ 123