2022 Q4 Form 10-Q Financial Statement

#000149315222033177 Filed on November 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q4
Revenue $30.49M $22.78M $9.000K
YoY Change 338655.56% 325300.0%
Cost Of Revenue $0.00
YoY Change
Gross Profit $9.000K
YoY Change
Gross Profit Margin 100.0%
Selling, General & Admin $1.457M $1.078M $83.00K
YoY Change 1655.42% 1264.56%
% of Gross Profit 922.22%
Research & Development $298.0K $987.0K $17.00K
YoY Change 1652.94% 5094.74%
% of Gross Profit 188.89%
Depreciation & Amortization $758.0K $736.0K
YoY Change
% of Gross Profit
Operating Expenses $2.392M $2.065M $125.0K
YoY Change 1813.6% 2007.14%
Operating Profit $427.0K -$116.0K
YoY Change -569.23%
Interest Expense -$82.00K -$301.0K -$14.00K
YoY Change 485.71% 5920.0%
% of Operating Profit -70.49%
Other Income/Expense, Net $86.00K
YoY Change
Pretax Income $1.237M $126.0K -$130.0K
YoY Change -1051.54% -231.25%
Income Tax $90.00K $55.00K $0.00
% Of Pretax Income 7.28% 43.65%
Net Earnings $58.00K $71.00K -$130.0K
YoY Change -144.62% -173.2%
Net Earnings / Revenue 0.19% 0.31% -1444.44%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share $0.00 $4.803K -$3.741K
COMMON SHARES
Basic Shares Outstanding 14.78M shares 14.78M shares
Diluted Shares Outstanding 14.78B shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.196M $3.609M $74.00K
YoY Change 5570.27% 3438.24%
Cash & Equivalents $4.196M $3.609M $74.00K
Short-Term Investments
Other Short-Term Assets $973.0K $7.319M $44.00K
YoY Change 2111.36% 73090.0%
Inventory
Prepaid Expenses $318.0K $301.0K $44.00K
Receivables $20.95M $16.40M $8.000K
Other Receivables $655.0K $814.0K $30.00K
Total Short-Term Assets $29.84M $28.14M $156.0K
YoY Change 19028.85% 15533.33%
LONG-TERM ASSETS
Property, Plant & Equipment $302.0K $317.0K $334.0K
YoY Change -9.58%
Goodwill $17.36M $17.62M $12.48M
YoY Change 39.08%
Intangibles $15.31M $15.76M $8.414M
YoY Change 81.99%
Long-Term Investments
YoY Change
Other Assets $392.0K $135.0K
YoY Change
Total Long-Term Assets $33.85M $34.33M $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $29.84M $28.14M $156.0K
Total Long-Term Assets $33.85M $34.33M $0.00
Total Assets $63.70M $62.47M $156.0K
YoY Change 40730.13% 34607.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.78M $16.14M $9.000K
YoY Change 219700.0% 322780.0%
Accrued Expenses $5.511M $4.479M $6.185M
YoY Change -10.9%
Deferred Revenue
YoY Change
Short-Term Debt $5.069M $5.000M $69.00K
YoY Change 7246.38% 7712.5% 38.0%
Long-Term Debt Due $1.500M $1.500M
YoY Change
Total Short-Term Liabilities $28.52M $27.13M $2.436M
YoY Change 1070.85% 979.0%
LONG-TERM LIABILITIES
Long-Term Debt $2.881M $3.225M $0.00
YoY Change
Other Long-Term Liabilities $540.0K $609.0K
YoY Change
Total Long-Term Liabilities $5.274M $5.687M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $28.52M $27.13M $2.436M
Total Long-Term Liabilities $5.274M $5.687M $0.00
Total Liabilities $33.80M $32.81M $2.436M
YoY Change 1287.36% 1205.21%
SHAREHOLDERS EQUITY
Retained Earnings -$3.338M -$4.043M -$15.54M
YoY Change -78.52%
Common Stock $25.35M $27.57M $13.26M
YoY Change 91.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $22.02M $23.52M -$2.280M
YoY Change
Total Liabilities & Shareholders Equity $63.70M $62.47M $156.0K
YoY Change 40730.13% 34607.78%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q4
OPERATING ACTIVITIES
Net Income $58.00K $71.00K -$130.0K
YoY Change -144.62% -173.2%
Depreciation, Depletion And Amortization $758.0K $736.0K
YoY Change
Cash From Operating Activities $1.577M
YoY Change 202.11%
INVESTING ACTIVITIES
Capital Expenditures $7.000K
YoY Change -90.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$7.000K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $358.0K
YoY Change
Cash From Financing Activities -$2.417M
YoY Change 67.73%
NET CHANGE
Cash From Operating Activities $1.577M
Cash From Investing Activities -$7.000K
Cash From Financing Activities -$2.417M
Net Change In Cash -$847.0K
YoY Change
FREE CASH FLOW
Cash From Operating Activities $1.577M
Capital Expenditures $7.000K
Free Cash Flow $1.570M
YoY Change 247.35%

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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31011000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
71000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
32000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
1000000 usd
CY2022Q3 VBIX Stock Issued During Period Value Non Controlling Interest
StockIssuedDuringPeriodValueNonControllingInterest
-453000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
29661000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13270000 usd
us-gaap Profit Loss
ProfitLoss
88000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-38000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13320000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13232000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
91000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
91000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-3000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13320000 usd
us-gaap Profit Loss
ProfitLoss
-30000 usd
us-gaap Profit Loss
ProfitLoss
88000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
71000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
91000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2051000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1289000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
736000 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
427000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
40000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
-38000 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
32000 usd
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
-3000 usd
VBIX Deferred Income Tax
DeferredIncomeTax
219000 usd
VBIX Deferred Income Tax
DeferredIncomeTax
65000 usd
CY2022Q3 VBIX Deferred Income Tax
DeferredIncomeTax
96000 usd
CY2021Q3 VBIX Deferred Income Tax
DeferredIncomeTax
41000 usd
VBIX Gain Loss On Accrued Interest Net
GainLossOnAccruedInterestNet
50000 usd
VBIX Gain Loss On Accrued Interest Net
GainLossOnAccruedInterestNet
26000 usd
CY2022Q3 VBIX Gain Loss On Accrued Interest Net
GainLossOnAccruedInterestNet
11000 usd
CY2021Q3 VBIX Gain Loss On Accrued Interest Net
GainLossOnAccruedInterestNet
-62000 usd
VBIX Fair Value Revaluation And Exchange Rate Differences On Loans
FairValueRevaluationAndExchangeRateDifferencesOnLoans
1033000 usd
VBIX Fair Value Revaluation And Exchange Rate Differences On Loans
FairValueRevaluationAndExchangeRateDifferencesOnLoans
14000 usd
CY2022Q3 VBIX Fair Value Revaluation And Exchange Rate Differences On Loans
FairValueRevaluationAndExchangeRateDifferencesOnLoans
72000 usd
CY2021Q3 VBIX Fair Value Revaluation And Exchange Rate Differences On Loans
FairValueRevaluationAndExchangeRateDifferencesOnLoans
5000 usd
us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
2855000 usd
us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
1174000 usd
CY2022Q3 us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
733000 usd
CY2021Q3 us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
450000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-17000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-968000 usd
CY2022Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-20000 usd
CY2021Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-447000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-190000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
39000 usd
CY2022Q3 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-378000 usd
CY2021Q3 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
122000 usd
VBIX Increase Decrease In Operating Lease Rightofuse Assets
IncreaseDecreaseInOperatingLeaseRightofuseAssets
-64000 usd
VBIX Increase Decrease In Operating Lease Rightofuse Assets
IncreaseDecreaseInOperatingLeaseRightofuseAssets
-48000 usd
CY2022Q3 VBIX Increase Decrease In Operating Lease Rightofuse Assets
IncreaseDecreaseInOperatingLeaseRightofuseAssets
-22000 usd
CY2021Q3 VBIX Increase Decrease In Operating Lease Rightofuse Assets
IncreaseDecreaseInOperatingLeaseRightofuseAssets
-21000 usd
VBIX Increse Decrease In Severance Pay
IncreseDecreaseInSeverancePay
2000 usd
VBIX Increse Decrease In Severance Pay
IncreseDecreaseInSeverancePay
229000 usd
CY2022Q3 VBIX Increse Decrease In Severance Pay
IncreseDecreaseInSeverancePay
1000 usd
CY2021Q3 VBIX Increse Decrease In Severance Pay
IncreseDecreaseInSeverancePay
-3000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-532000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-57000 usd
CY2022Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
535000 usd
CY2021Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-248000 usd
VBIX Increase Decrease In Other Payable
IncreaseDecreaseInOtherPayable
-525000 usd
VBIX Increase Decrease In Other Payable
IncreaseDecreaseInOtherPayable
-522000 usd
CY2022Q3 VBIX Increase Decrease In Other Payable
IncreaseDecreaseInOtherPayable
-228000 usd
CY2021Q3 VBIX Increase Decrease In Other Payable
IncreaseDecreaseInOtherPayable
-158000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-56000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-39000 usd
CY2022Q3 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-19000 usd
CY2021Q3 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-17000 usd
VBIX Increase Decrease In Parent Company Loan
IncreaseDecreaseInParentCompanyLoan
194000 usd
VBIX Increase Decrease In Parent Company Loan
IncreaseDecreaseInParentCompanyLoan
172000 usd
CY2022Q3 VBIX Increase Decrease In Parent Company Loan
IncreaseDecreaseInParentCompanyLoan
66000 usd
CY2021Q3 VBIX Increase Decrease In Parent Company Loan
IncreaseDecreaseInParentCompanyLoan
55000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
650000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-302000 usd
CY2022Q3 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-773000 usd
CY2021Q3 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
19000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2175000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1564000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1577000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
522000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
298000 usd
CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7000 usd
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
70000 usd
us-gaap Payments For Software
PaymentsForSoftware
14000 usd
us-gaap Payments For Software
PaymentsForSoftware
211000 usd
CY2021Q3 us-gaap Payments For Software
PaymentsForSoftware
69000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-509000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-139000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1000000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
602000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1000000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1219000 usd
CY2022Q3 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1000000 usd
CY2021Q3 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
619000 usd
VBIX Repayments Of Loan To Related Party Debt
RepaymentsOfLoanToRelatedPartyDebt
1462000 usd
VBIX Repayments Of Loan To Related Party Debt
RepaymentsOfLoanToRelatedPartyDebt
1308000 usd
CY2022Q3 VBIX Repayments Of Loan To Related Party Debt
RepaymentsOfLoanToRelatedPartyDebt
606000 usd
CY2021Q3 VBIX Repayments Of Loan To Related Party Debt
RepaymentsOfLoanToRelatedPartyDebt
822000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1060000 usd
CY2022Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
358000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1195000 usd
CY2022Q3 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
453000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3717000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1925000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2417000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1441000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1610000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-870000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-847000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1058000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5442000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3564000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4679000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3752000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3832000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2694000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3832000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2694000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-551000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-222000 usd
CY2022Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-135000 usd
CY2021Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-88000 usd
us-gaap Interest Paid Net
InterestPaidNet
391000 usd
us-gaap Interest Paid Net
InterestPaidNet
21000 usd
CY2022Q3 us-gaap Interest Paid Net
InterestPaidNet
164000 usd
CY2021Q3 us-gaap Interest Paid Net
InterestPaidNet
7000 usd
VBIX Cash Paid And Received During Period
CashPaidAndReceivedDuringPeriod
-942000 usd
VBIX Cash Paid And Received During Period
CashPaidAndReceivedDuringPeriod
-243000 usd
CY2022Q3 VBIX Cash Paid And Received During Period
CashPaidAndReceivedDuringPeriod
-299000 usd
CY2021Q3 VBIX Cash Paid And Received During Period
CashPaidAndReceivedDuringPeriod
-95000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
637000 usd
VBIX Dividend Declared Non Cash
DividendDeclaredNonCash
1000000 usd
CY2022Q3 VBIX Dividend Declared Non Cash
DividendDeclaredNonCash
1000000 usd
CY2022Q3 us-gaap Related Party Transaction Description Of Transaction
RelatedPartyTransactionDescriptionOfTransaction
As a result of the Reorganization Transaction, the former holders of Gix Media Shares, who previously held approximately 69% of the Company’s shares on a fully diluted basis, hold 90% of the Company’s Common Stock on a fully diluted basis, and Gix Media became a wholly-owned subsidiary of the Company , which holds 100% of its share capital.
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_847_eus-gaap--UseOfEstimates_zBz6dDLeggTl" style="font: 10pt Times New Roman, Times, Serif; margin-left: 0.75in; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>C.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_zeaNiHBe7J91">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported of assets and liabilities and disclosure at the date of the consolidated financial statements and the reported amounts of income and expense during the reporting period. The Company evaluates on an ongoing basis its assumptions, including those related to contingencies, income taxes, deferred taxes, share-based compensation and leases. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Severance Costs1
SeveranceCosts1
101000 usd
us-gaap Severance Costs1
SeveranceCosts1
120000 usd
CY2021Q1 us-gaap Payments For Rent
PaymentsForRent
67000 usd
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
301000 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
350000 usd
CY2022Q3 VBIX Government Authorities Current
GovernmentAuthoritiesCurrent
513000 usd
CY2021Q4 VBIX Government Authorities Current
GovernmentAuthoritiesCurrent
624000 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
30000 usd
CY2022Q3 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
814000 usd
CY2021Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
1004000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
897000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
843000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
580000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
509000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
317000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
334000 usd
us-gaap Depreciation
Depreciation
71000 usd
us-gaap Depreciation
Depreciation
54000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
505000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
569000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
93000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
91000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
433000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
491000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
526000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
582000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y5M1D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0310 pure
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
22000 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
99000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
88 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
100 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
88 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
100 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
88 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
100 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
251 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
285 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
537 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
684 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
102 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
526000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
582000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
77000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
60000 usd
CY2021Q4 VBIX Intangible Assets Net Including Goodwill Cost
IntangibleAssetsNetIncludingGoodwillCost
28442000 usd
VBIX Intangible Assets Net Including Goodwill Adjustments To Ultimate Parent Company Earning Values
IntangibleAssetsNetIncludingGoodwillAdjustmentsToUltimateParentCompanyEarningValues
14446000 usd
VBIX Intangible Assets Net Including Goodwill Addition
IntangibleAssetsNetIncludingGoodwillAddition
14000 usd
CY2022Q3 VBIX Intangible Assets Net Including Goodwill Cost
IntangibleAssetsNetIncludingGoodwillCost
42902000 usd
CY2021Q4 VBIX Intangible Assets Net Including Goodwill Accumulated Amortization
IntangibleAssetsNetIncludingGoodwillAccumulatedAmortization
7545000 usd
VBIX Intangible Assets Net Including Goodwil Amortization
IntangibleAssetsNetIncludingGoodwilAmortization
1980000 usd
CY2022Q3 VBIX Intangible Assets Net Including Goodwill Accumulated Amortization
IntangibleAssetsNetIncludingGoodwillAccumulatedAmortization
9525000 usd
CY2022Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
33377000 usd
CY2020Q4 VBIX Intangible Assets Net Including Goodwill Cost
IntangibleAssetsNetIncludingGoodwillCost
12279000 usd
CY2020Q4 VBIX Intangible Assets Net Including Goodwill Cost
IntangibleAssetsNetIncludingGoodwillCost
12279000 usd
CY2021 VBIX Intangible Assets Net Including Goodwill Acquisition
IntangibleAssetsNetIncludingGoodwillAcquisition
15894000 usd
CY2021 VBIX Intangible Assets Net Including Goodwill Addition
IntangibleAssetsNetIncludingGoodwillAddition
269000 usd
CY2021Q4 VBIX Intangible Assets Net Including Goodwill Cost
IntangibleAssetsNetIncludingGoodwillCost
28442000 usd
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CY2022Q3 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
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AccountsPayableOtherCurrentAndNoncurrent
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us-gaap Income Tax Examination Description
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On December 22, 2017, the U.S. enacted the Tax Cuts and Jobs Act (the “Act”), which among other provisions, reduced the U.S. corporate tax rate from 35% to 21%, effective January 1, 2018
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DeferredTaxAssetsInProcessResearchAndDevelopment
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DeferredTaxAssetsInProcessResearchAndDevelopment
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CY2022Q3 us-gaap Deferred Income Tax Liabilities
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IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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CY2021Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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IncomeTaxReconciliationPriorYearIncomeTaxes
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DeferredIncomeTaxExpenseBenefit
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CY2021Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Common Stock Voting Rights
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CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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VBIX Income Before Income Taxes As Reported
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VBIX Income Before Income Taxes As Reported
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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VBIX Theoretical Tax Expense
TheoreticalTaxExpense
7000 usd
VBIX Theoretical Tax Expense
TheoreticalTaxExpense
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VBIX Lower Tax Rates For Preferred Technology Enterprises
LowerTaxRatesForPreferredTechnologyEnterprises
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VBIX Lower Tax Rates For Preferred Technology Enterprises
LowerTaxRatesForPreferredTechnologyEnterprises
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IncomeTaxReconciliationNondeductibleExpense
5000 usd
us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
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us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
58000 usd
us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
39000 usd
us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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IncomeLossFromContinuingOperations
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IncomeLossFromContinuingOperations
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1.61
CY2022Q3 us-gaap Stockholders Equity Reverse Stock Split
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Company filed the Amended COI with the Secretary of State of Delaware to effect a 28 to 1 reverse stock split of the Company’s outstanding shares of Common Stock
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1.41
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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1.61
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
160000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.61
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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1.41 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.41
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
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P5Y10M6D
CY2022Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
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1.41 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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1.41
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P5Y9M25D
us-gaap Share Based Compensation
ShareBasedCompensation
40000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
-38000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
32000 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Research And Development Expense
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2957000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1530000 usd
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
987000 usd
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
471000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1853000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
584000 usd
CY2022Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
628000 usd
CY2021Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
215000 usd
us-gaap General And Administrative Expense
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1326000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
907000 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
450000 usd
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
313000 usd
VBIX Financing Income Net
FinancingIncomeNet
234000 usd
VBIX Financing Income Net
FinancingIncomeNet
153000 usd
CY2022Q3 VBIX Financing Income Net
FinancingIncomeNet
94000 usd
CY2021Q3 VBIX Financing Income Net
FinancingIncomeNet
143000 usd
VBIX Financial Expenses Net
FinancialExpensesNet
1608000 usd
VBIX Financial Expenses Net
FinancialExpensesNet
62000 usd
CY2022Q3 VBIX Financial Expenses Net
FinancialExpensesNet
395000 usd
CY2021Q3 VBIX Financial Expenses Net
FinancialExpensesNet
22000 usd
CY2022Q3 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
7096000 usd
CY2021Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
6384000 usd
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
110000 usd
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
108000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
66115000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
2051000 usd
us-gaap Operating Income Loss
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1407000 usd
VBIX Financial Income Expenses Net
FinancialIncomeExpensesNet
1374000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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33000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63000 usd
us-gaap Profit Loss
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22778000 usd
CY2022Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
736000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
427000 usd
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FinancialIncomeExpensesNet
301000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
126000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
71000 usd

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