2024 Q3 Form 10-Q Financial Statement

#000149315224032365 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $6.281M $7.333M $27.15M
YoY Change -60.03% -72.99% 1357600.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $764.0K $1.099M $1.403M
YoY Change -45.7% -21.67% 1904.29%
% of Gross Profit
Research & Development $338.0K $532.0K $717.0K
YoY Change -51.71% -25.8% 5021.43%
% of Gross Profit
Depreciation & Amortization $821.0K $734.0K
YoY Change 11.85% -44.18%
% of Gross Profit
Operating Expenses $1.102M $1.631M $2.120M
YoY Change -47.7% -23.07% 15042.86%
Operating Profit -$906.0K -$5.479M $250.0K
YoY Change -45.16% -2291.6% -347.52%
Interest Expense -$2.744M -$246.0K
YoY Change 1015.45% 267.16%
% of Operating Profit -98.4%
Other Income/Expense, Net $152.0K $63.00K
YoY Change
Pretax Income -$754.0K -$8.223M $4.000K
YoY Change -60.56% -205675.0% -102.38%
Income Tax -$59.00K -$24.00K $87.00K
% Of Pretax Income 2175.0%
Net Earnings -$590.0K -$7.177M -$124.0K
YoY Change -60.93% 5687.9% -26.19%
Net Earnings / Revenue -9.39% -97.87% -0.46%
Basic Earnings Per Share -$0.03 -$0.48 -$0.01
Diluted Earnings Per Share -$0.03 -$0.48 -$0.01
COMMON SHARES
Basic Shares Outstanding 21.18M shares 14.92M shares 14.78M shares
Diluted Shares Outstanding 20.40M shares 15.05M shares 15.07M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $609.0K $3.304M
YoY Change -81.57% 12137.04%
Cash & Equivalents $1.405M $609.0K $3.304M
Short-Term Investments
Other Short-Term Assets $1.433M $773.0K $693.0K
YoY Change 77.57% 11.54% 4850.0%
Inventory
Prepaid Expenses
Receivables $6.091M $6.073M $18.42M
Other Receivables $3.923M $3.865M $3.689M
Total Short-Term Assets $12.89M $11.36M $26.28M
YoY Change -31.24% -56.77% 35904.11%
LONG-TERM ASSETS
Property, Plant & Equipment $36.00K $40.00K $272.0K
YoY Change -85.99% -85.29%
Goodwill $7.515M $7.515M $17.36M
YoY Change -56.71% -56.71%
Intangibles $10.27M $11.00M $13.89M
YoY Change -21.99% -20.81%
Long-Term Investments
YoY Change
Other Assets $95.00K $211.0K
YoY Change -54.98%
Total Long-Term Assets $17.91M $18.65M $32.17M
YoY Change -42.97% -42.04%
TOTAL ASSETS
Total Short-Term Assets $12.89M $11.36M $26.28M
Total Long-Term Assets $17.91M $18.65M $32.17M
Total Assets $30.80M $30.01M $58.45M
YoY Change -38.58% -48.66% 79973.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.970M $8.797M $17.35M
YoY Change -15.09% -49.28% 123792.86%
Accrued Expenses $83.00K
YoY Change -53.11%
Deferred Revenue
YoY Change
Short-Term Debt $2.601M $2.360M $6.000M
YoY Change -56.65% -60.67% 8595.65%
Long-Term Debt Due $2.480M $2.079M $1.879M
YoY Change 31.99% 10.64%
Total Short-Term Liabilities $16.93M $15.50M $26.59M
YoY Change -17.83% -41.7% 888.55%
LONG-TERM LIABILITIES
Long-Term Debt $1.080M $1.671M $3.128M
YoY Change -59.44% -46.58%
Other Long-Term Liabilities $1.833M $334.0K
YoY Change 448.8%
Total Long-Term Liabilities $2.304M $4.810M $5.094M
YoY Change -48.97% -5.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.93M $15.50M $26.59M
Total Long-Term Liabilities $2.304M $4.810M $5.094M
Total Liabilities $19.24M $20.31M $31.69M
YoY Change -23.43% -35.9% 1077.92%
SHAREHOLDERS EQUITY
Retained Earnings -$19.43M -$18.84M -$3.859M
YoY Change 261.84% 388.13% -75.69%
Common Stock $28.47M $25.91M $25.42M
YoY Change 11.82% 1.92% 91.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.042M $7.071M $21.56M
YoY Change
Total Liabilities & Shareholders Equity $30.80M $30.01M $58.45M
YoY Change -38.58% -48.66% 79973.97%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$590.0K -$7.177M -$124.0K
YoY Change -60.93% 5687.9% -26.19%
Depreciation, Depletion And Amortization $821.0K $734.0K
YoY Change 11.85% -44.18%
Cash From Operating Activities $534.0K $1.349M $1.003M
YoY Change -293.48% 34.5% -3443.33%
INVESTING ACTIVITIES
Capital Expenditures $8.000K
YoY Change 33.33%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$8.000K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $190.0K $320.0K $457.0K
YoY Change -59.14% -29.98% 29.46%
Cash From Financing Activities $262.0K -$2.068M $536.0K
YoY Change -155.39% -485.82%
NET CHANGE
Cash From Operating Activities $534.0K $1.349M $1.003M
Cash From Investing Activities -$8.000K
Cash From Financing Activities $262.0K -$2.068M $536.0K
Net Change In Cash $796.0K -$719.0K $1.531M
YoY Change -205.85% -146.96% -5203.33%
FREE CASH FLOW
Cash From Operating Activities $534.0K $1.349M $1.003M
Capital Expenditures $8.000K
Free Cash Flow $534.0K $1.349M $995.0K
YoY Change -291.4% 35.58% -2863.89%

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us-gaap Depreciation And Amortization
DepreciationAndAmortization
1555000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1468000 usd
CY2024Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
821000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
734000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
29000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
75000 usd
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
11000 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
45000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-159000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-92000 usd
CY2024Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-78000 usd
CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-34000 usd
VBIX Gain Loss On Accrued Interest Net
GainLossOnAccruedInterestNet
-34000 usd
VBIX Gain Loss On Accrued Interest Net
GainLossOnAccruedInterestNet
6000 usd
CY2024Q2 VBIX Gain Loss On Accrued Interest Net
GainLossOnAccruedInterestNet
-20000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
79000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
43000 usd
CY2024Q2 us-gaap Interest Income Operating
InterestIncomeOperating
40000 usd
CY2023Q2 us-gaap Interest Income Operating
InterestIncomeOperating
22000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
15000 usd
CY2024Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
13000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4739000 usd
CY2024Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4739000 usd
VBIX Equity Based Debt Issuance Costs
EquityBasedDebtIssuanceCosts
26000 usd
CY2024Q2 VBIX Equity Based Debt Issuance Costs
EquityBasedDebtIssuanceCosts
26000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2515000 usd
CY2024Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2515000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-72000 usd
CY2024Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-72000 usd
VBIX Gains Losses On Termination Of Lease
GainsLossesOnTerminationOfLease
-8000 usd
CY2024Q2 VBIX Gains Losses On Termination Of Lease
GainsLossesOnTerminationOfLease
-8000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5286000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2530000 usd
CY2024Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-931000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2856000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-59000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-280000 usd
CY2024Q2 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
89000 usd
CY2023Q2 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-129000 usd
VBIX Increase Decrease In Operating Lease Rightofuse Assets
IncreaseDecreaseInOperatingLeaseRightofuseAssets
-44000 usd
CY2024Q2 VBIX Increase Decrease In Operating Lease Rightofuse Assets
IncreaseDecreaseInOperatingLeaseRightofuseAssets
23000 usd
CY2023Q2 VBIX Increase Decrease In Operating Lease Rightofuse Assets
IncreaseDecreaseInOperatingLeaseRightofuseAssets
-22000 usd
VBIX Increse Decrease In Severance Pay
IncreseDecreaseInSeverancePay
100000 usd
CY2023Q2 VBIX Increse Decrease In Severance Pay
IncreseDecreaseInSeverancePay
97000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3519000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2437000 usd
CY2024Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
433000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3289000 usd
VBIX Increase Decrease In Other Payable
IncreaseDecreaseInOtherPayable
243000 usd
VBIX Increase Decrease In Other Payable
IncreaseDecreaseInOtherPayable
-218000 usd
CY2024Q2 VBIX Increase Decrease In Other Payable
IncreaseDecreaseInOtherPayable
158000 usd
CY2023Q2 VBIX Increase Decrease In Other Payable
IncreaseDecreaseInOtherPayable
-96000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-58000 usd
CY2024Q2 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
25000 usd
CY2023Q2 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-28000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1456000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1015000 usd
CY2024Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1349000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1003000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10000 usd
CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2625000 usd
VBIX Receipt Of Shortterm Bank Loan
ReceiptOfShorttermBankLoan
1750000 usd
VBIX Receipt Of Shortterm Bank Loan
ReceiptOfShorttermBankLoan
1200000 usd
CY2024Q2 VBIX Receipt Of Shortterm Bank Loan
ReceiptOfShorttermBankLoan
1650000 usd
CY2023Q2 VBIX Receipt Of Shortterm Bank Loan
ReceiptOfShorttermBankLoan
1200000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
350000 usd
CY2024Q2 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
350000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
4711000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
269000 usd
CY2024Q2 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
3968000 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
320000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
874000 usd
CY2024Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
320000 usd
CY2023Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
457000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
598000 usd
CY2023Q2 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
153000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
130000 usd
VBIX Repayments Of Loan To Related Party Debt
RepaymentsOfLoanToRelatedPartyDebt
34000 usd
VBIX Repayments Of Loan To Related Party Debt
RepaymentsOfLoanToRelatedPartyDebt
104000 usd
CY2024Q2 VBIX Repayments Of Loan To Related Party Debt
RepaymentsOfLoanToRelatedPartyDebt
17000 usd
CY2023Q2 VBIX Repayments Of Loan To Related Party Debt
RepaymentsOfLoanToRelatedPartyDebt
32000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
237000 usd
CY2024Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
237000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2728000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1900000 usd
CY2024Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2068000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
536000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1272000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-895000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-719000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1531000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1923000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4381000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1370000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1955000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
651000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3486000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
651000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3486000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
80000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
512000 usd
CY2024Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
26000 usd
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
327000 usd
us-gaap Interest Paid Net
InterestPaidNet
389000 usd
us-gaap Interest Paid Net
InterestPaidNet
444000 usd
CY2024Q2 us-gaap Interest Paid Net
InterestPaidNet
184000 usd
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
247000 usd
VBIX Cash Paid During Period
CashPaidDuringPeriod
469000 usd
VBIX Cash Paid During Period
CashPaidDuringPeriod
956000 usd
CY2024Q2 VBIX Cash Paid During Period
CashPaidDuringPeriod
210000 usd
CY2023Q2 VBIX Cash Paid During Period
CashPaidDuringPeriod
574000 usd
VBIX Substantial Debt Term Modification
SubstantialDebtTermModification
500000 usd
CY2024Q2 VBIX Substantial Debt Term Modification
SubstantialDebtTermModification
500000 usd
VBIX Termination Of Operating Lease Agreement
TerminationOfOperatingLeaseAgreement
389000 usd
CY2024Q2 VBIX Termination Of Operating Lease Agreement
TerminationOfOperatingLeaseAgreement
389000 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
CY2022Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
reverse stock split of its common stock at a ratio of 1-for-28
CY2024Q2 us-gaap Other Income
OtherIncome
337000 usd
CY2024Q2 us-gaap Other Income
OtherIncome
337000 usd
CY2024Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
4739 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-6490000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
174000 usd
us-gaap Profit Loss
ProfitLoss
-9374000 usd
us-gaap Profit Loss
ProfitLoss
-428000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
609000 usd
CY2024Q2 us-gaap Loans Payable To Bank
LoansPayableToBank
5789000 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-18837000 usd
CY2024Q2 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
887000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_zEommUnxRYH3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>C. <span id="xdx_865_z5enRfmqxp2k">Use of estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in"><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 0pt 0pt 0.75in"><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"></p>
CY2024Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3865000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3752000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
79000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
43000 usd
CY2024Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
7000 usd
CY2024Q2 VBIX Operating Lease Office Furniture Lease Payments
OperatingLeaseOfficeFurnitureLeasePayments
62000 usd
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
46000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
29961000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4739000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25222000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5273000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1438000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6711000 usd
CY2024Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
18511000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
35068000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
35068000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
5107000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
29961000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
29961000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2394000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2394000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2879000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5273000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5273000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
24688000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
24688000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4739000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
5107000 usd
CY2024Q2 srt Bank Loans
BankLoans
6110000 usd
CY2023Q4 srt Bank Loans
BankLoans
9504000 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.
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
917000 usd
VBIX Bank Fees
BankFees
44000 usd
VBIX Bank Fees
BankFees
33000 usd
CY2024Q2 VBIX Bank Fees
BankFees
26000 usd
CY2023Q2 VBIX Bank Fees
BankFees
19000 usd
VBIX Exchange Rate Differences
ExchangeRateDifferences
-49000 usd
VBIX Exchange Rate Differences
ExchangeRateDifferences
25000 usd
CY2024Q2 VBIX Exchange Rate Differences
ExchangeRateDifferences
-18000 usd
CY2023Q2 VBIX Exchange Rate Differences
ExchangeRateDifferences
12000 usd
VBIX Interest Expense On Bank Loans
InterestExpenseOnBankLoans
406000 usd
VBIX Interest Expense On Bank Loans
InterestExpenseOnBankLoans
437000 usd
CY2024Q2 VBIX Interest Expense On Bank Loans
InterestExpenseOnBankLoans
198000 usd
CY2023Q2 VBIX Interest Expense On Bank Loans
InterestExpenseOnBankLoans
247000 usd
VBIX Loss From Substantial Debt Terms Modification
LossFromSubstantialDebtTermsModification
2515000 usd
CY2024Q2 VBIX Loss From Substantial Debt Terms Modification
LossFromSubstantialDebtTermsModification
2515000 usd
VBIX Interest Income On Loans From Parent Company
InterestIncomeOnLoansFromParentCompany
-79000 usd
VBIX Interest Income On Loans From Parent Company
InterestIncomeOnLoansFromParentCompany
-43000 usd
CY2024Q2 VBIX Interest Income On Loans From Parent Company
InterestIncomeOnLoansFromParentCompany
-40000 usd
CY2023Q2 VBIX Interest Income On Loans From Parent Company
InterestIncomeOnLoansFromParentCompany
-22000 usd
VBIX Other Non Operating Financial Expense
OtherNonOperatingFinancialExpense
70000 usd
VBIX Other Non Operating Financial Expense
OtherNonOperatingFinancialExpense
-21000 usd
CY2024Q2 VBIX Other Non Operating Financial Expense
OtherNonOperatingFinancialExpense
63000 usd
CY2023Q2 VBIX Other Non Operating Financial Expense
OtherNonOperatingFinancialExpense
-10000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2907000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
431000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
63000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-10000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17335000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1555000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4739000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-6490000 usd
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
2907000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9397000 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 Expense
OtherNonoperatingExpense
431000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-257000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7333000 usd
CY2024Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
821000 usd
CY2024Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4739000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5479000 usd
CY2024Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
2744000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8223000 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 Expense
OtherNonoperatingExpense
246000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4000 usd

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