Viewbix Inc. Files Q2 2024 10-Q
Ticker: VBIX · Form: 10-Q · Filed: Aug 14, 2024 · CIK: 797542
Sentiment: neutral
Topics: 10-Q, financials, software
TL;DR
Viewbix Inc. 10-Q filed for Q2 2024. Check financials.
AI Summary
Viewbix Inc. filed its 10-Q for the period ending June 30, 2024. The company, formerly known as Virtual Crypto Technologies, Inc., is based in Herzliya, Israel. The filing covers financial information for the second quarter of 2024.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Viewbix Inc. during the second quarter of 2024.
Risk Assessment
Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new information presented in the provided snippet.
Key Numbers
- 20240630 — Reporting Period End Date (The 10-Q covers financial data up to this date.)
- 20240814 — Filing Date (The date the document was officially submitted to the SEC.)
Key Players & Entities
- Viewbix Inc. (company) — Filer
- Virtual Crypto Technologies, Inc. (company) — Former company name
- Emerald Medical Applications Corp. (company) — Former company name
- ZAXIS INTERNATIONAL INC (company) — Former company name
- 14 ARYEH SHENKAR STREET (location) — Business and Mail Address
- HERZLIYA (location) — City
FAQ
What is Viewbix Inc.'s primary business activity?
Viewbix Inc. is classified under SIC code 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
When was Viewbix Inc. previously known by another name?
Viewbix Inc. was formerly known as Virtual Crypto Technologies, Inc. as of March 12, 2018.
What is the fiscal year end for Viewbix Inc.?
The fiscal year end for Viewbix Inc. is December 31.
What is the SEC file number for Viewbix Inc.?
The SEC file number for Viewbix Inc. is 000-15746.
Where is Viewbix Inc. located?
Viewbix Inc.'s business and mail address is 14 Aryeh Shenkar Street, Herzliya, L3, 4672514.
Filing Stats: 4,626 words · 19 min read · ~15 pages · Grade level 13.1 · Accepted 2024-08-14 17:04:15
Key Financial Figures
- $1 — 6 (*) Represents an amount less than $1. The accompanying notes are an integr
Filing Documents
- form10-q.htm (10-Q) — 1215KB
- ex31-1.htm (EX-31.1) — 21KB
- ex31-2.htm (EX-31.2) — 21KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- image_001.jpg (GRAPHIC) — 48KB
- 0001493152-24-032365.txt ( ) — 5765KB
- vbix-20240630.xsd (EX-101.SCH) — 41KB
- vbix-20240630_cal.xml (EX-101.CAL) — 52KB
- vbix-20240630_def.xml (EX-101.DEF) — 171KB
- vbix-20240630_lab.xml (EX-101.LAB) — 310KB
- vbix-20240630_pre.xml (EX-101.PRE) — 254KB
- form10-q_htm.xml (XML) — 874KB
- 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 31 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 43 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 43
- OTHER INFORMATION
PART II - OTHER INFORMATION ITEM 1.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 43 ITEM 1A.
RISK FACTORS
RISK FACTORS 43 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 45 ITEM 3. DEFAULT UPON SENIOR SECURITIES 45 ITEM 4. MINE SAFETY DISCLOSURE 45 ITEM 5. OTHER INFORMATION 45 ITEM 6. EXHIBITS 45
SIGNATURES
SIGNATURES 46 -3- PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS VIEWBIX INC. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) June 30, 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 – 8 Interim Condensed Consolidated Statements of Cash Flows (unaudited) 9 – 10 Notes to the Interim Condensed Consolidated Financial Statements (unaudited) 11 - 30 -4- VIEWBIX INC. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) U.S. dollars in thousands (except share data) As of June 30 As of December 31 Note 2024 2023 ASSETS CURRENT ASSETS Cash and cash equivalents 609 1,774 Restricted deposits 42 149 Accounts receivable 6,073 11,359 Loan to parent company 3 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 4 - 397 Intangible assets, net 5 10,996 12,434 Goodwill 5 7,515 12,254 Total non-current assets 18,646 25,477 Total assets 30,008 43,282 The accompanying notes are an integral part of these Interim Condensed Consolidated financial statements. -5- VIEWBIX INC. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Cont.) U.S. dollars in thousands (except share data) As of June 30 As of December 31 Note 2024 2023 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable 8,797 12,359 Short-term loans 6 2,360 5,000 Current maturities of long-term loans 6 2,079 1,440 Embedded derivatives 6,7 665 - Short-term convertible loans 6E 459 - Other payables 1,142 889 Operating lease liabilities - short term 4 - 85 Total cu