2023 Q3 Form 10-Q Financial Statement

#000149315223028454 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $15.72M $27.15M $2.000K
YoY Change -31.01% 1357600.0% -88.24%
Cost Of Revenue
YoY Change
Gross Profit $2.000K
YoY Change -88.24%
Gross Profit Margin 100.0%
Selling, General & Admin $1.407M $1.403M $70.00K
YoY Change 30.52% 1904.29% -11.39%
% of Gross Profit 3500.0%
Research & Development $700.0K $717.0K $14.00K
YoY Change -29.08% 5021.43% 16.67%
% of Gross Profit 700.0%
Depreciation & Amortization $734.0K $1.315M
YoY Change -44.18%
% of Gross Profit 65750.0%
Operating Expenses $2.107M $2.120M $14.00K
YoY Change 2.03% 15042.86% 16.67%
Operating Profit -$1.652M $250.0K -$101.0K
YoY Change -486.89% -347.52% 36.49%
Interest Expense -$246.0K -$67.00K
YoY Change 267.16% 1575.0%
% of Operating Profit -98.4%
Other Income/Expense, Net $35.00K
YoY Change
Pretax Income -$1.912M $4.000K -$168.0K
YoY Change -1617.46% -102.38% 115.38%
Income Tax -$131.0K $87.00K
% Of Pretax Income 2175.0%
Net Earnings -$1.510M -$124.0K -$168.0K
YoY Change -2226.76% -26.19% 112.66%
Net Earnings / Revenue -9.61% -0.46% -8400.0%
Basic Earnings Per Share -$0.14 -$0.01 $0.01
Diluted Earnings Per Share -$0.14 -$0.01 -$4.834K
COMMON SHARES
Basic Shares Outstanding 14.92M shares 14.78M shares 34.75M shares
Diluted Shares Outstanding 14.85M shares 15.07M shares 15.04M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.304M $27.00K
YoY Change 12137.04% -78.57%
Cash & Equivalents $2.550M $3.304M $27.00K
Short-Term Investments
Other Short-Term Assets $807.0K $693.0K $14.00K
YoY Change -88.97% 4850.0% -12.5%
Inventory
Prepaid Expenses $14.00K
Receivables $11.49M $18.42M $9.000K
Other Receivables $3.718M $3.689M $23.00K
Total Short-Term Assets $18.75M $26.28M $73.00K
YoY Change -33.36% 35904.11% -61.98%
LONG-TERM ASSETS
Property, Plant & Equipment $257.0K $272.0K
YoY Change -18.93%
Goodwill $17.36M $17.36M
YoY Change -1.44%
Intangibles $13.17M $13.89M
YoY Change -16.45%
Long-Term Investments
YoY Change
Other Assets $211.0K
YoY Change
Total Long-Term Assets $31.40M $32.17M $0.00
YoY Change -8.55%
TOTAL ASSETS
Total Short-Term Assets $18.75M $26.28M $73.00K
Total Long-Term Assets $31.40M $32.17M $0.00
Total Assets $50.15M $58.45M $73.00K
YoY Change -19.73% 79973.97% -61.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.74M $17.35M $14.00K
YoY Change -27.27% 123792.86%
Accrued Expenses $83.00K $177.0K
YoY Change -53.11%
Deferred Revenue
YoY Change
Short-Term Debt $6.000M $6.000M $69.00K
YoY Change 20.0% 8595.65% 16.95%
Long-Term Debt Due $1.879M $1.879M
YoY Change 25.27%
Total Short-Term Liabilities $20.61M $26.59M $2.690M
YoY Change -24.04% 888.55% 10.75%
LONG-TERM LIABILITIES
Long-Term Debt $2.663M $3.128M $0.00
YoY Change -17.43%
Other Long-Term Liabilities $334.0K
YoY Change
Total Long-Term Liabilities $4.515M $5.094M $0.00
YoY Change -20.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.61M $26.59M $2.690M
Total Long-Term Liabilities $4.515M $5.094M $0.00
Total Liabilities $25.12M $31.69M $2.690M
YoY Change -23.44% 1077.92% 10.75%
SHAREHOLDERS EQUITY
Retained Earnings -$5.369M -$3.859M -$15.88M
YoY Change 32.8% -75.69%
Common Stock $25.46M $25.42M $13.26M
YoY Change -7.64% 91.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.09M $21.56M -$2.617M
YoY Change
Total Liabilities & Shareholders Equity $50.15M $58.45M $73.00K
YoY Change -19.73% 79973.97% -61.98%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$1.510M -$124.0K -$168.0K
YoY Change -2226.76% -26.19% 112.66%
Depreciation, Depletion And Amortization $734.0K $1.315M
YoY Change -44.18%
Cash From Operating Activities -$276.0K $1.003M -$30.00K
YoY Change -117.5% -3443.33% 275.0%
INVESTING ACTIVITIES
Capital Expenditures $3.000K $8.000K $6.000K
YoY Change -57.14% 33.33%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$3.000K -$8.000K
YoY Change -57.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $465.0K $457.0K $353.0K
YoY Change 29.89% 29.46%
Cash From Financing Activities -$473.0K $536.0K
YoY Change -80.43%
NET CHANGE
Cash From Operating Activities -$276.0K $1.003M -$30.00K
Cash From Investing Activities -$3.000K -$8.000K
Cash From Financing Activities -$473.0K $536.0K
Net Change In Cash -$752.0K $1.531M -$30.00K
YoY Change -11.22% -5203.33% 275.0%
FREE CASH FLOW
Cash From Operating Activities -$276.0K $1.003M -$30.00K
Capital Expenditures $3.000K $8.000K $6.000K
Free Cash Flow -$279.0K $995.0K -$36.00K
YoY Change -117.77% -2863.89%

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CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
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us-gaap Adjustments To Additional Paid In Capital Mark To Market
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VBIX Stock Issued During Period Value Non Controlling Interest
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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31010000 usd
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31347000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31347000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
48000 usd
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7000 usd
CY2022Q2 VBIX Stock Issued During Period Value Non Controlling Interest
StockIssuedDuringPeriodValueNonControllingInterest
-392000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31010000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31010000 usd
us-gaap Profit Loss
ProfitLoss
-428000 usd
us-gaap Profit Loss
ProfitLoss
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CY2023Q2 us-gaap Profit Loss
ProfitLoss
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CY2022Q2 us-gaap Profit Loss
ProfitLoss
48000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1468000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1315000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
734000 usd
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DepreciationAndAmortization
729000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
75000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
8000 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
45000 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
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VBIX Deferred Income Tax
DeferredIncomeTax
92000 usd
VBIX Deferred Income Tax
DeferredIncomeTax
123000 usd
CY2023Q2 VBIX Deferred Income Tax
DeferredIncomeTax
34000 usd
CY2022Q2 VBIX Deferred Income Tax
DeferredIncomeTax
68000 usd
VBIX Gain Loss On Accrued Interest Net
GainLossOnAccruedInterestNet
49000 usd
VBIX Gain Loss On Accrued Interest Net
GainLossOnAccruedInterestNet
39000 usd
CY2023Q2 VBIX Gain Loss On Accrued Interest Net
GainLossOnAccruedInterestNet
22000 usd
CY2022Q2 VBIX Gain Loss On Accrued Interest Net
GainLossOnAccruedInterestNet
17000 usd
VBIX Exchange Rate Differences On Loans
ExchangeRateDifferencesOnLoans
961000 usd
CY2022Q2 VBIX Exchange Rate Differences On Loans
ExchangeRateDifferencesOnLoans
777000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2530000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2856000 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2086000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-280000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
188000 usd
CY2023Q2 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-129000 usd
CY2022Q2 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
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VBIX Increase Decrease In Operating Lease Rightofuse Assets
IncreaseDecreaseInOperatingLeaseRightofuseAssets
-44000 usd
VBIX Increase Decrease In Operating Lease Rightofuse Assets
IncreaseDecreaseInOperatingLeaseRightofuseAssets
-42000 usd
CY2023Q2 VBIX Increase Decrease In Operating Lease Rightofuse Assets
IncreaseDecreaseInOperatingLeaseRightofuseAssets
-22000 usd
CY2022Q2 VBIX Increase Decrease In Operating Lease Rightofuse Assets
IncreaseDecreaseInOperatingLeaseRightofuseAssets
-22000 usd
VBIX Increse Decrease In Severance Pay
IncreseDecreaseInSeverancePay
100000 usd
VBIX Increse Decrease In Severance Pay
IncreseDecreaseInSeverancePay
1000 usd
CY2023Q2 VBIX Increse Decrease In Severance Pay
IncreseDecreaseInSeverancePay
97000 usd
CY2022Q2 VBIX Increse Decrease In Severance Pay
IncreseDecreaseInSeverancePay
20000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2437000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1067000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3289000 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2952000 usd
VBIX Increase Decrease In Other Payable
IncreaseDecreaseInOtherPayable
-218000 usd
VBIX Increase Decrease In Other Payable
IncreaseDecreaseInOtherPayable
-297000 usd
CY2023Q2 VBIX Increase Decrease In Other Payable
IncreaseDecreaseInOtherPayable
-96000 usd
CY2022Q2 VBIX Increase Decrease In Other Payable
IncreaseDecreaseInOtherPayable
-160000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-58000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-37000 usd
CY2023Q2 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-28000 usd
CY2022Q2 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-19000 usd
VBIX Increase Decrease In Parent Company Loan
IncreaseDecreaseInParentCompanyLoan
128000 usd
CY2022Q2 VBIX Increase Decrease In Parent Company Loan
IncreaseDecreaseInParentCompanyLoan
74000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1015000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
598000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1003000 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2548000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
45000 usd
CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8000 usd
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6000 usd
VBIX Cash Paid To Noncontrolling Interests
CashPaidToNoncontrollingInterests
2625000 usd
us-gaap Payments For Software
PaymentsForSoftware
16000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8000 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1200000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1000000 usd
CY2023Q2 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1200000 usd
CY2022Q2 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1000000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
269000 usd
CY2023Q2 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
22000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1500000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
874000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
702000 usd
CY2023Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
457000 usd
CY2022Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
353000 usd
VBIX Payment Of Dividend To Noncontrolling Interests
PaymentOfDividendToNoncontrollingInterests
598000 usd
VBIX Payment Of Dividend To Noncontrolling Interests
PaymentOfDividendToNoncontrollingInterests
742000 usd
CY2023Q2 VBIX Payment Of Dividend To Noncontrolling Interests
PaymentOfDividendToNoncontrollingInterests
153000 usd
CY2022Q2 VBIX Payment Of Dividend To Noncontrolling Interests
PaymentOfDividendToNoncontrollingInterests
392000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
130000 usd
VBIX Repayments Of Loan To Related Party Debt
RepaymentsOfLoanToRelatedPartyDebt
104000 usd
VBIX Repayments Of Loan To Related Party Debt
RepaymentsOfLoanToRelatedPartyDebt
856000 usd
CY2023Q2 VBIX Repayments Of Loan To Related Party Debt
RepaymentsOfLoanToRelatedPartyDebt
32000 usd
CY2022Q2 VBIX Repayments Of Loan To Related Party Debt
RepaymentsOfLoanToRelatedPartyDebt
627000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
725000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1300000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
536000 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-895000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-763000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1531000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2170000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4381000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5442000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1955000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2509000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3486000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4679000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3486000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4679000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
512000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
416000 usd
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
327000 usd
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
90000 usd
us-gaap Interest Paid Net
InterestPaidNet
444000 usd
us-gaap Interest Paid Net
InterestPaidNet
227000 usd
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
247000 usd
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
124000 usd
us-gaap Stock Issued1
StockIssued1
34000 usd
CY2023Q2 us-gaap Stock Issued1
StockIssued1
34000 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
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 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
CY2023Q1 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
1500000 usd
CY2023Q1 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
1500000 usd
CY2022Q4 VBIX Intangible Assets Net Including Goodwill Accumulated Amortization
IntangibleAssetsNetIncludingGoodwillAccumulatedAmortization
2394000 usd
VBIX Accumulated Amortization Adjustments To Ultimate Parent Company Earning Values
AccumulatedAmortizationAdjustmentsToUltimateParentCompanyEarningValues
-7870000 usd
VBIX Intangible Assets Net Including Goodwil Amortization
IntangibleAssetsNetIncludingGoodwilAmortization
1428000 usd
CY2023Q2 VBIX Intangible Assets Net Including Goodwill Accumulated Amortization
IntangibleAssetsNetIncludingGoodwillAccumulatedAmortization
3822000 usd
CY2023Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
31246000 usd
CY2021Q4 VBIX Intangible Assets Net Including Goodwill Cost
IntangibleAssetsNetIncludingGoodwillCost
28442000 usd
CY2021Q4 VBIX Intangible Assets Net Including Goodwill Cost
IntangibleAssetsNetIncludingGoodwillCost
28442000 usd
CY2022 VBIX Intangible Assets Net Including Goodwill Adjustments To Ultimate Parent Company Earning Values
IntangibleAssetsNetIncludingGoodwillAdjustmentsToUltimateParentCompanyEarningValues
6610000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_zgmrCbEzjKa3" 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"><b>C. <span id="xdx_86E_za9RsGpXMpd3">Use of estimates</span> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><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 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 VBIX Intangible Assets Net Including Goodwill Addition
IntangibleAssetsNetIncludingGoodwillAddition
16000 usd
CY2022Q4 VBIX Intangible Assets Net Including Goodwill Cost
IntangibleAssetsNetIncludingGoodwillCost
35068000 usd
CY2022Q4 VBIX Intangible Assets Net Including Goodwill Cost
IntangibleAssetsNetIncludingGoodwillCost
35068000 usd
CY2021Q4 VBIX Intangible Assets Net Including Goodwill Accumulated Amortization
IntangibleAssetsNetIncludingGoodwillAccumulatedAmortization
7545000 usd
CY2021Q4 VBIX Intangible Assets Net Including Goodwill Accumulated Amortization
IntangibleAssetsNetIncludingGoodwillAccumulatedAmortization
7545000 usd
CY2023Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3689000 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3542000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
43000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
143000 usd
CY2021Q1 us-gaap Payments For Rent
PaymentsForRent
67000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M1D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0310 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M1D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0310 pure
us-gaap Operating Lease Expense
OperatingLeaseExpense
51000 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
25000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
51000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
26000 usd
CY2022Q4 VBIX Intangible Assets Net Including Goodwill Cost
IntangibleAssetsNetIncludingGoodwillCost
35068000 usd
VBIX Intangible Assets Net Including Goodwill Adjustments To Ultimate Parent Company Earning Values
IntangibleAssetsNetIncludingGoodwillAdjustmentsToUltimateParentCompanyEarningValues
6610000 usd
CY2023Q2 VBIX Intangible Assets Net Including Goodwill Cost
IntangibleAssetsNetIncludingGoodwillCost
35068000 usd
CY2022 VBIX Accumulated Amortization Adjustments To Ultimate Parent Company Earning Values
AccumulatedAmortizationAdjustmentsToUltimateParentCompanyEarningValues
-7870000 usd
CY2022 VBIX Intangible Assets Net Including Goodwil Amortization
IntangibleAssetsNetIncludingGoodwilAmortization
2719000 usd
CY2022Q4 VBIX Intangible Assets Net Including Goodwill Accumulated Amortization
IntangibleAssetsNetIncludingGoodwillAccumulatedAmortization
2394000 usd
CY2022Q4 VBIX Intangible Assets Net Including Goodwill Accumulated Amortization
IntangibleAssetsNetIncludingGoodwillAccumulatedAmortization
2394000 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
32674000 usd
CY2023Q1 us-gaap Debt Instrument Frequency Of Periodic Payment
DebtInstrumentFrequencyOfPeriodicPayment
1,500
CY2023Q2 srt Bank Loans
BankLoans
11007000 usd
CY2022Q4 srt Bank Loans
BankLoans
9450000 usd
us-gaap Common Stock Voting Rights
CommonStockVotingRights
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
CY2022Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
Company filed the Amended COI with the Secretary of State of Delaware to affect a 28 to 1 reverse stock split of the Company’s outstanding shares of Common Stock
CY2022 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
917000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
48016000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1468000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
174000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
431000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-257000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43337000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1315000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
980000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1073000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-93000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
27154000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
734000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
250000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
246000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22902000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
729000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
761000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
736000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
25000 usd

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