Viewbix Inc
For the period ended Dec 31, 2023. Filed Mar 25, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 25, 2024
QXL$3.31-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Year ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from Operating Activities | ||
| Net income (loss) | (8,687) | 1,117 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortizations | 2,952 | 2,809 |
| Share-based compensation | 135 | 71 |
| Deferred taxes | (143) | (532) |
| Accrued interest, net | - | 67 |
| Interest income | (87) | (143) |
| Exchange rate differences on loans | - | 786 |
| Amortization of loan discounts | 9 | 175 |
| Goodwill Impairment (see note 6.B) | 5,107 | - |
| Changes in assets and liabilities items: | ||
| Decrease (increase) in accounts receivable | 9,586 | (4,530) |
| Decrease (increase) in other current assets | 202 | (52) |
| Decrease in operating lease right-of-use assets | 89 | 83 |
| Decrease in severance pay, net | (100) | (5) |
| Increase (decrease) in accounts payable | (7,423) | 3,106 |
| Increase (decrease) in other payables | (620) | 177 |
| Decrease in operating lease liabilities | (86) | (107) |
| Increase in loan from parent company | - | 215 |
| Net cash provided by operating activities | 934 | 3,237 |
| Year ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from Investing Activities | ||
| Purchase of property and equipment | (16) | (58) |
| Capitalization of software development costs | - | (16) |
| Net cash used in investing activities | (16) | (74) |
| Cash flows from Financing Activities | ||
| Cash paid to non-controlling interests (see note 1.C) | (2,625) | - |
| Receipt of short-term bank loans | 1,200 | - |
| Repayment of short-term loans | (1,269) | - |
| Receipt of long-term bank loan | 1,500 | - |
| Receipt of long-term loan (see note 10.D) | 480 | - |
| Repayment of long-term bank loan | (1,811) | (1,389) |
| Payment of dividend (see note 13.E) | (130) | (73) |
| Payment of dividend to non-controlling interests (see note 13.E) | (598) | (1,689) |
| Increase in loan to parent company | (123) | (1,073) |
| Net cash used in financing activities | (3,376) | (4,224) |
| Decrease in cash and cash equivalents and restricted cash | (2,458) | (1,061) |
| Cash and cash equivalents and restricted cash at beginning of period | 4,381 | 5,442 |
| Cash and cash equivalents and restricted cash at end of period | 1,923 | 4,381 |
| Supplemental Disclosure of Cash Flow Activities: | ||
| Cash paid during the period | ||
| Taxes paid | (663) | (928) |
| Interest paid | (992) | (556) |
| Total Cash paid during the period | (1,585) | (1,484) |
| Substantial non-cash activities: | ||
| Offset of loans between related parties (see note 15) | - | 2,558 |
| Dividend distribution to parent company which was offset from a loan to parent company (see note 13.E) | - | 714 |
| Dividend declared to non-controlling interests (see note 13.E) | - | 445 |
| Dividend declared to shareholders (see note 13.E) | - | 130 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.