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LEASES | 9 Months Ended
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Sep. 30, 2022
Leases |
LEASES | NOTE 5: LEASES On February 25, 2021, Gix Media entered into a lease agreement for a new corporate office of 479 square meters in Ramat Gan, Israel, at a monthly rent fee of $10. The lease period is for 36 months (the “initial lease period”) with an option by the Company to extend for two additional terms of 24 months each. In accordance with the lease agreement, the Company made leasehold improvements in exchange for a rent fee discount of $67 which will be spread over the initial lease period. The Company includes renewal options that it is reasonably certain to exercise in the measurement of the lease liabilities. Leases recorded on the balance sheet consist of the following: SCHEDULE OF LEASE
|  | As of September 30 |  |  | As of December 31 |
|  | 2022 |  |  | 2021 |
Assets |  |  |  |  |  |  |  |
Right-of-use assets |  | $ | 505 |  |  | $ | 569 |
Liabilities |  |  |  |  |  |  |  |
Operating lease – current |  | $ | 93 |  |  | $ | 91 |
Operating lease – non-current |  | $ | 433 |  |  | $ | 491 |
Total lease liabilities |  | $ | 526 |  |  | $ | 582 |
Weighted-average remaining lease term and discount rate were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES
|  | As of September 30, 2022 |
Operating leases weighted average remaining lease term (in years) |  |  | 5.42 |
Operating leases weighted average discount rate |  |  | 3.10 | %
Maturities of operating lease liabilities as of September 30, 2022 and December 31, 2021, are as follows: SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES
|  | As of September 30 |  |  | As of December 31 |
|  | 2022 |  |  | 2021 |
2022 |  | $ | 22 |  |  | $ | 99 |
2023 |  | $ | 88 |  |  | $ | 100 |
2024 |  | $ | 88 |  |  | $ | 100 |
2025 |  | $ | 88 |  |  | $ | 100 |
Thereafter |  | $ | 251 |  |  | $ | 285 |
Total lease payments |  |  | 537 |  |  |  | 684 |
Less: imputed interest |  |  | (11 | ) |  |  | (102 | )
Present value of lease liabilities |  |  | 526 |  |  |  | 582 |
Operating lease expenses amounted to $77 and $60 for the nine months ended September 30, 2022, and September 30, 2021, respectively. VIEWBIX INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) U.S. dollars in thousands (except share data)

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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