Viewbix Inc

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 14, 2024

QXL$3.31-2.1%Stored close · as of Nov 10, 2026

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Contents

Interim Condensed Consolidated Statements of Cash Flows (unaudited)

	For the six months ended June 30,		For the three months ended June 30,
	2024	2023	2024	2023
Cash flows from Operating Activities
Net loss	(9,374)	(428)	(8,199)	(83)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,555	1,468	821	734
Share-based compensation	29	75	11	45
Deferred taxes	(159)	(92)	(78)	(34)
Accrued interest, net	34	(6)	20	-
Interest income	(79)	(43)	(40)	(22)
Amortization of loan discount	15	-	13	-
Amortization of deferred debt issuance costs (see note 6.E)	6	-	6	-
Goodwill Impairment	4,739	-	4,739	-
Equity based debt issuance costs (see note 6.E)	26	-	26	-
Loss from substantial debt terms modification (see note 6.E)	2,515	-	2,515	-
Loss on sale and disposal of property and equipment	72	-	72	-
Loss from termination of lease agreement	8	-	8	-
Changes in assets and liabilities items:
Decrease (increase) in accounts receivable	5,286	2,530	931	(2,856)
Decrease (increase) in other current assets	59	280	(89)	129
Decrease (increase) in operating lease right-of-use asset	-	44	(23)	22
Decrease in severance pay, net	-	(100)	-	(97)
Increase (decrease) in accounts payable	(3,519)	(2,437)	433	3,289
Decrease (increase) in other payables	243	(218)	158	(96)
Decrease in operating lease liabilities	-	(58)	25	(28)
Net cash provided by operating activities	1,456	1,015	1,349	1,003

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INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Cont.)

	For the six months ended June 30,		For the three months ended June 30,
	2024	2023	2024	2023
Cash flows from Investing Activities
Purchase of property and equipment	-	(10)	-	(8)
Net cash used in investing activities	-	(10)	-	(8)
Cash flows from Financing Activities
Cash paid to non-controlling interests (see note 1.C)	-	(2,625)	-	-
Receipt of short-term bank loan	1,750	1,200	1,650	1,200
Receipt of short-term loan	350	-	350	-
Repayment of short-term loans	(4,711)	(269)	(3,968)	(22)
Receipt of long-term loans (see note 6.B)	-	1,500	-	-
Repayment of long-term bank loans	(320)	(874)	(320)	(457)
Payment of dividend to non-controlling interests	-	(598)	-	(153)
Payment of dividend to shareholders (see note 9.E.1)	-	(130)	-	-
Increase in loan to parent company	(34)	(104)	(17)	(32)
Receipts on account of shares and warrants (see note 12.A)	237	-	237	-
Net cash provided by (used in) financing activities	(2,728)	(1,900)	(2,068)	536
Increase (decrease) in cash and cash equivalents and restricted cash	(1,272)	(895)	(719)	1,531
Cash and cash equivalents and restricted cash at beginning of period	1,923	4,381	1,370	1,955
Cash and cash equivalents and restricted cash at end of period	651	3,486	651	3,486
Supplemental Disclosure of Cash Flow Activities:
Cash paid during the period
Taxes paid	80	512	26	327
Interest paid	389	444	184	247
Total Cash paid during the period	469	956	210	574
Substantial non-cash activities:
Deemed extinguishment and re-issuance of debt (see note 6.B)	500	-	500	-
Termination of operating lease agreement (see note 4)	389	-	389	-
Share-based compensation to a director (see note 9.A)	-	34	-	34

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.