Viewbix Inc. Files Q1 2024 10-Q
Ticker: VBIX · Form: 10-Q · Filed: May 20, 2024 · CIK: 797542
Sentiment: neutral
Topics: 10-Q, financials, software
TL;DR
Viewbix Inc. 10-Q filed for Q1 2024. Financials are in.
AI Summary
Viewbix Inc. filed its 10-Q for the period ending March 31, 2024. The company, formerly known as Virtual Crypto Technologies, Inc., is based in Herzliya, Israel. The filing covers the first quarter of 2024 and provides financial information for the company.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Viewbix Inc. during the first quarter of 2024.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information and disclosures that could reveal significant risks or opportunities for the company.
Key Players & Entities
- Viewbix Inc. (company) — Filer of the 10-Q
- Virtual Crypto Technologies, Inc. (company) — Former name of Viewbix Inc.
- 20240331 (date) — End of the reporting period
- 20240520 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240331, indicating the filing covers the period ending March 31, 2024.
When was this 10-Q filed with the SEC?
The filing date is 20240520.
What was Viewbix Inc. formerly known as?
Viewbix Inc. was formerly known as Virtual Crypto Technologies, Inc., with a name change date of 20180312.
What is the business address of Viewbix Inc.?
The business address is 14 Aryeh Shenkar Street, Herzliya, L3, 4672514.
What is the Standard Industrial Classification (SIC) code for Viewbix Inc.?
The SIC code is 7372, categorized under SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 4,569 words · 18 min read · ~15 pages · Grade level 13.1 · Accepted 2024-05-20 17:06:47
Filing Documents
- form10-q.htm (10-Q) — 744KB
- ex31-1.htm (EX-31.1) — 19KB
- ex31-2.htm (EX-31.2) — 19KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- form10-q_001.jpg (GRAPHIC) — 20KB
- 0001493152-24-020755.txt ( ) — 4208KB
- vbix-20240331.xsd (EX-101.SCH) — 31KB
- vbix-20240331_cal.xml (EX-101.CAL) — 47KB
- vbix-20240331_def.xml (EX-101.DEF) — 119KB
- vbix-20240331_lab.xml (EX-101.LAB) — 248KB
- vbix-20240331_pre.xml (EX-101.PRE) — 199KB
- form10-q_htm.xml (XML) — 609KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION ITEM 1.
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS 3 ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS 23 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 30 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 30
- OTHER INFORMATION
PART II - OTHER INFORMATION ITEM 1.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 31 ITEM 1A.
RISK FACTORS
RISK FACTORS 31 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 32 ITEM 3. DEFAULT UPON SENIOR SECURITIES 32 ITEM 4. MINE SAFETY DISCLOSURE 32 ITEM 5. OTHER INFORMATION 32 ITEM 6. EXHIBITS 32
SIGNATURES
SIGNATURES 33 -2- PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS VIEWBIX INC. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) March 31, 2024 CONTENTS Page Interim Condensed Consolidated Balance Sheets (unaudited) 4 - 5 Interim Condensed Consolidated Statements of Operations (unaudited) 6 Interim Condensed Consolidated Statements of Changes in Shareholders' Equity (unaudited) 7 Interim Condensed Consolidated Statements of Cash Flows (unaudited) 8 - 9 Notes to the Interim Condensed Consolidated Financial Statements (unaudited) 10 - 22 -3- VIEWBIX INC. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) U.S. dollars in thousands (except share data) As of March 31 As of December 31 Note 2024 2023 ASSETS 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 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 4 374 397 Intangible assets, net 5 11,715 12,434 Goodwill 5 12,254 12,254 Total non-current assets 24,717 25,477 Total assets 37,522 43,282 The accompanying notes are an integral part of these Interim Condensed Consolidated financial statements. -4- VIEWBIX INC. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Cont.) U.S. dollars in thousands (except share data) As of March 31 As of December 31 Note 2024 2023 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable 8,407 12,359 Short-term loans 6 4,357 5,000 Current maturities of long-term loans 6 2,065 1,440 Other payables 988 889 Operating lease liabilities - short term 4 83 85 Total current liabilities 15,900 19,773 NON-CURRENT LIABILITIES Long-term loans,