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BUSINESS COMBINATION (Tables)
 9 Months Ended
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
SCHEDULE OF BUSINESS COMBINATION OF ASSETS AND LIABILITIES

Fair Value of Cortex’s Identifiable Assets and Liabilities:

 

      
Cash and cash equivalents   775 
Restricted deposits   29 
Trade receivables   10,662 
Other accounts receivables   346 
Property and Equipment, net   9 
Goodwill arising from the acquisition   9,581 
Intangible assets   6,134 
Total assets   27,716 
      
Accounts payables   8,906 
Short-term loan   1,500 
Accrued expenses and other current liabilities   854 
Deferred taxes and taxes payable   758 
Non-Controlling Interests   4,709 
Total liabilities   16,727 
      
Total acquisition cost   10,989 

 

Gix Media recorded acquisition costs in the amount of $197 with respect to Cortex Transaction.

 

Net Cash Flow from the Cortex Transaction:

 

      
Consideration paid in cash   10,989 
Less cash and cash equivalents and restricted deposits received from acquisition of Cortex   (804)
Total net cash paid   10,185